Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look now at some stocks making news
Speaker 1: in the week ahead. I'm Nathan Hager, joined by Bloomberg
Speaker 1: Cross Asset reporter Dana Hirich. Well, Dana, we've got more
Speaker 1: tech earnings to look forward to this week, including Oracle
Speaker 1: after the close. Of course, this has been a company
Speaker 1: that's been a pretty big beneficiary of the AI buildout.
Speaker 1: So should we be looking for a blowout from Oracle?
Speaker 3: First? I want to say that every week we're looking
Speaker 3: forward to some sort of tech earnings, right, so.
Speaker 1: It seems like it.
Speaker 3: Yeah, every week there's something of interest happening. So for Oracle,
Speaker 3: that's ticker all RCL. It's reporting on Wednesday, June tenth.
Speaker 3: The company was once best known for its namesake database software,
Speaker 3: but it's really found some success in providing the type
Speaker 3: of chips filled data centers and other equipment that's necessary
Speaker 3: for training and deploying AI models. And the reason I
Speaker 3: mentioned that is just so that we get a sense
Speaker 3: of what kind of read through it's giving us on
Speaker 3: a specific sector of the economy. Shares of Oracle are
Speaker 3: up some eighteen percent, roughly eighteen percent year to date.
Speaker 3: Its last quarterly report was very strong in terms of
Speaker 3: what analysts had been expecting and what the company ended
Speaker 3: up delivering. Its last report was in March, and shares
Speaker 3: actually soared after it posted results. It said that it's
Speaker 3: closely watched infrastructure business had jumped eighty four percent to
Speaker 3: four point nine billion dollars. The company also at the
Speaker 3: time said that revenue would reach ninety billion in the
Speaker 3: fiscal year beginning in June. Also at the time, it
Speaker 3: handily beat analysts project on a number of other measures.
Speaker 3: So the takeaway was that we were sort of seeing
Speaker 3: we were getting this through line on AI spending. It
Speaker 3: gave investors a really good look at how demand for
Speaker 3: AI centers was going. There had been in the past
Speaker 3: some concern that maybe that a specific corner of the
Speaker 3: market was maybe slowing down, but then Oracle gave us
Speaker 3: those results. Looking ahead, of course, we don't exactly know
Speaker 3: what the company is going to be telling us, but
Speaker 3: we do have some analyst projections, and we do have
Speaker 3: a report from Bloomberg Intelligence where the Analysts there say
Speaker 3: Oracle's fiscal four Q results will likely reflect another quarter
Speaker 3: of robust AI infrastructure demand.
Speaker 1: Also this week after the close on Thursday, we're going
Speaker 1: to hear from Adobe. Now, you got to think this
Speaker 1: company's got a lot to show for with all the
Speaker 1: fears around apocalypse or whatever we're calling it now.
Speaker 3: Yeah, exactly. And I love when a company can tell
Speaker 3: us a specific story, you know, one of especially with
Speaker 3: like Bellweather companies that can tell us something that's happening
Speaker 3: within a certain sector of the economy or the market,
Speaker 3: like we were just saying with Oracle. So for Adobe
Speaker 3: ticker ADB, reporting on June eleventh, after the market close,
Speaker 3: shares are not doing so great this year. They're down
Speaker 3: some twenty five percent so far this year. When we
Speaker 3: think of Adobe, we think of its software, it's creative tools,
Speaker 3: it's digital marketing offerings, and also of course PDFs, which
Speaker 3: I can never figure out how to edit or save
Speaker 3: or print seriously, but a lot of Adobe's revenues generated
Speaker 3: via those subscriptions. Analysts will be paying attention to that.
Speaker 3: But Adobe actually has a very interesting theme and the
Speaker 3: story going on right now, which is that there are
Speaker 3: talks about who it's next CEO will be. Bloomberg just
Speaker 3: reported that the company is eyeing to internal leaders for
Speaker 3: its quest for a new chief executive officer, and Adobe
Speaker 3: has hired a well known search firm to look at
Speaker 3: some external candidates who could be suited to running the
Speaker 3: company in our AI era. And so there are two
Speaker 3: contenders of two of its main business units who are
Speaker 3: sort of like the leading in house candidates, and then
Speaker 3: you know whoever else that they're looking at from the outside.
Speaker 3: So analysts really are thinking about, you know what, will
Speaker 3: we get some clarity around the CEO transition. It's sure
Speaker 3: to be a key focus on the earnings call.
Speaker 1: So maybe more than just numbers in this sortingm exactly exactly.
Speaker 3: It might even supersede some of the financial metrics themselves,
Speaker 3: which is really interesting.
Speaker 1: Yeah, it certainly is not just tech. Later on this
Speaker 1: week as well, we're going to hear from Lenar reporting
Speaker 1: their earnings. It's been pretty tough for the homebuilders in
Speaker 1: this rate and price environment.
Speaker 3: Buildana exactly another great example of a company that's giving
Speaker 3: us a look at, in this case the housing market.
Speaker 3: The home building market ticker LN shares are also lower
Speaker 3: so far this year. The company is reporting after the
Speaker 3: close on Thursday at June eleventh. This is one of
Speaker 3: the largest US homebuilders by revenue, and again another great
Speaker 3: read on homebuilder sentiment. So just in terms of some
Speaker 3: of the data that we've seen for new home sales,
Speaker 3: for instance, in April, they had fallen month over month
Speaker 3: some six percent to around six hundred and twenty two thousand.
Speaker 3: US homebuilder sentiment had rebounded in May, but in general
Speaker 3: it sort of remains pretty low, given affordability concerns weighing
Speaker 3: on a lot of consumers and also weighing on the
Speaker 3: spring selling season, and so it's important to keep those
Speaker 3: things in mind in terms of what the housing market
Speaker 3: looks like and whether or not people think we're going
Speaker 3: to potentially continue to see a lackluster housing market. Persist
Speaker 3: you in future quarters.
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