Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.
Speaker 3: All right, guys, let's go to some of the individual gainers,
Speaker 3: if I may. We talked about crypto getting a bounce
Speaker 3: back here in today's session. A couple of names benefiting
Speaker 3: as a result. Coinbase actually your number two gainer in
Speaker 3: the S and P five hundred, Nawstak one hundred, up
Speaker 3: about fifteen percent here, so you saw gains.
Speaker 4: This had to do with President Trump.
Speaker 3: There were some reports from Politico that the President met
Speaker 3: privately yesterday with Coinbase CEO Brian Armstrong, setting two people
Speaker 3: with knowledge meeting coming ahead of a post that we
Speaker 3: got from the President late yesterday pushing for passage of
Speaker 3: that market structure bill when it comes when we were
Speaker 3: talking about crypto market unclear what was discussed at the meeting,
Speaker 3: but we also had the President Trump posting about the
Speaker 3: powerful crypto agenda, and he talked he kind of criticized
Speaker 3: banks about undermining and jeopardizing that powerful crypto agenda, and
Speaker 3: he went on and on on social But nonetheless, you
Speaker 3: did have many names in the crypto area. Coinbase app
Speaker 3: fourteen percent, you had a strategy up about ten percent,
Speaker 3: and you had Circle Remain up about five and a
Speaker 3: half percent.
Speaker 4: I know we have somewhere.
Speaker 1: I'm just going to interrupt here. Software company Octa. This
Speaker 1: is mostly about identification management software. The shares oscillating between
Speaker 1: gains and losses. The company for the most recent quarter
Speaker 1: did a post adjusted EPs of about ninety cents a share.
Speaker 1: That's about five cents more than what the street was
Speaker 1: looking for. Revenue jumped by about twelve percent to seven
Speaker 1: hundred and sixty one million. That's also a beat The
Speaker 1: street was looking on average for roughly about seven hundred
Speaker 1: and fifty Here's your guidance for the full year twenty
Speaker 1: twenty seven. The fiscal twenty twenty seven revenue in a
Speaker 1: range of three point one seven to three point one nine.
Speaker 1: The low end of that range is the average of
Speaker 1: streets stuments. EPs adjusted three seventy three dollars and seventy
Speaker 1: four cents to three eighty two is the guidance they're giving.
Speaker 1: The street on average was looking for three point six six.
Speaker 3: All right, cool, we'll continue to watch that one in
Speaker 3: the aftermarket right now, down almost about two and a
Speaker 3: half percent octa, So we'll keep an eye on that
Speaker 3: one for you. Back to I ment to the crypto
Speaker 3: space that was certainly gaining in today's session. Maderna number
Speaker 3: one gainer in the S and P five hundred, a
Speaker 3: gain of about sixteen percent.
Speaker 5: Here.
Speaker 4: This is after the company agreed to pay.
Speaker 3: Genovent it's a subsidiary of Royvent Sciences and Arbitus nine
Speaker 3: hundred and fifty million dollars basically to settle litigation related
Speaker 3: to the delivery technology behind its COVID shop that at
Speaker 3: issue essentially claims that Maderna had infringed on patents owned
Speaker 3: by these two companies, and so nonetheless, basically bottom line,
Speaker 3: the settlement really getting rid of a major financial litigation
Speaker 3: risk for Maderna.
Speaker 4: So we did see investors moving back into that one.
Speaker 6: The stock.
Speaker 3: I don't know if you guys noticed we talked about
Speaker 3: this earlier with the Avalon pernel. It's up a about
Speaker 3: one hundred percent year to date, still nineteen percent of
Speaker 3: the float short, but it's definitely had.
Speaker 4: Quite a bounce back. Still way off from its post
Speaker 4: COVID levels.
Speaker 3: And then I just want to mention Ross Stores this
Speaker 3: one too, rallying about eight percent in today's session. This
Speaker 3: after the company off price apparel and home accessories retailer
Speaker 3: reported comp sales growth for the fourth quart of nine percent,
Speaker 3: so that easily beat the consensus growth estimate of just
Speaker 3: under five percent. So we did see some upbeat Telsey
Speaker 3: Analystina Telsey upgrading the stock to outperform from market perform
Speaker 3: and raise the price target to two forty from two
Speaker 3: to twenty stack closing it to thirteen and change in
Speaker 3: the Wednesday trade.
Speaker 5: Tim All right, let's go to some of the decliners
Speaker 5: on the day today. I want to start with the
Speaker 5: Mosaic Company, down two point nine percent. This was a
Speaker 5: late mover after we learned the Justice Department's investigating several
Speaker 5: leading producers of commercial fertilizers, Mosaic among them, for possible
Speaker 5: civil and criminal antitrust violations. The brobe examining companies pricing
Speaker 5: practices and the mistigations in the early stages, and being
Speaker 5: run out of the doj ANTI Trust Division's Chicago office.
Speaker 5: Mosaic down by two point nine percent. Brown Foreman among
Speaker 5: the worst performers in the S and P five hundred
Speaker 5: day on a percentage basis, down close to seven percent.
Speaker 5: You know what they make Romain, Yes, I do.
Speaker 1: I'm a fine customer of.
Speaker 5: Theirs, the Hera Dura Tequila or the Jack Daniels.
Speaker 1: I don't know what that first one you said there,
Speaker 1: I love you accent.
Speaker 2: Good job.
Speaker 6: Okay.
Speaker 5: The company actually reported quarterly results. That's their past estimates.
Speaker 5: The problem, though, was the executives who flagged stubborn weakness
Speaker 5: in the US spirits market. The company's conference call CEO
Speaker 5: said that while performance has improved in the US quote,
Speaker 5: it's still not great. I do not want to declare
Speaker 5: that it's bottomed out, but over the last couple of months,
Speaker 5: the numbers have improved. This is according to Laws and Whiting,
Speaker 5: the company's CEO. Okay, do you have time for a
Speaker 5: couple more guys?
Speaker 6: Don't Eagle?
Speaker 2: Really?
Speaker 1: All right?
Speaker 5: Go ahead, breaking, go ahead with the break.
Speaker 6: When it comes to the earnings front, fourth quarter net
Speaker 6: revenue actually beating estimates. When it comes to American Eagle,
Speaker 6: that's number coming in for net revenue at one point
Speaker 6: sixty seven billion dollars for the fourth quarter. The estimate
Speaker 6: had been for one point seven four billion dollars, so
Speaker 6: a slight beat there. Meanwhile, you take a look at
Speaker 6: some of the expectations. They see first quarter operating income
Speaker 6: between twenty million dollars to twenty five million dollars. The
Speaker 6: estimate had been for fifteen million dollars. Here, looking for
Speaker 6: some more numbers, but twenty twenty seven, twenty twenty seven
Speaker 6: capex seen between two hundred and fifty million to two
Speaker 6: hundred and sixty million dollars. The estimate had been actually
Speaker 6: for more than four hundred million dollars, so below expectations.
Speaker 3: There.
Speaker 6: You can see the stock higher by about seven points
Speaker 6: six percent, so clearly traders cheering this in the after hours,
Speaker 6: though this stock down more than fifteen percent year today
Speaker 6: through today's close.
Speaker 3: All right, what really goes well with that tequila that
Speaker 3: Tim pronounced so eloquently. It's some cracker barrel, and that
Speaker 3: stock is definitely right in the aftermarket, up about five
Speaker 3: point two percent.
Speaker 4: It's been on a tear. It's up about twenty percent
Speaker 4: so far in twenty twenty six.
Speaker 3: Let's go to it. Second quarter just at EPs twenty
Speaker 3: five cents a year. That compares with an expected and
Speaker 3: estimated loss of twenty seven cents a year, so we'll
Speaker 3: make sure that that number is on the That seems
Speaker 3: like quite a turnaround company. Also talking about the fiscal year,
Speaker 3: justed even a eighty five million to one hundred million.
Speaker 3: It had seen seventy two one hundred and ten million,
Speaker 3: So bringing that one in a little bit. Second quarter
Speaker 3: revenue eight hundred and seventy four point eight million, folks,
Speaker 3: that is a beat eight hundred and sixty eight point
Speaker 3: nine billion, And again an outlook for revenue for fiscal year.
Speaker 4: For the fiscal year.
Speaker 3: Three point twenty four billion to three point twenty seven billion,
Speaker 3: had seen three point two to three point three So nonetheless,
Speaker 3: investors like it. It's up about six percent. So again, maybe
Speaker 3: with that tequila it might go.
Speaker 6: Bow all right, cracker barrel margarita. I could get behind that.
Speaker 6: Really yeah, why not?
Speaker 4: I guess so margarita is a margarita. Yes, now a tequila.
Speaker 2: Aren't you a snob? Wait?
Speaker 4: Come on, you know you know it's true.
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