WEBVTT - Week Ahead: Oracle, Adobe, and Lennar 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look now at some stocks making news

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<v Speaker 1>in the week ahead. I'm Nathan Hager, joined by Bloomberg

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<v Speaker 1>Cross Asset reporter Dana Hirich. Well, Dana, we've got more

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<v Speaker 1>tech earnings to look forward to this week, including Oracle

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<v Speaker 1>after the close. Of course, this has been a company

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<v Speaker 1>that's been a pretty big beneficiary of the AI buildout.

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<v Speaker 1>So should we be looking for a blowout from Oracle?

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<v Speaker 3>First? I want to say that every week we're looking

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<v Speaker 3>forward to some sort of tech earnings, right, so.

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<v Speaker 1>It seems like it.

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<v Speaker 3>Yeah, every week there's something of interest happening. So for Oracle,

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<v Speaker 3>that's ticker all RCL. It's reporting on Wednesday, June tenth.

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<v Speaker 3>The company was once best known for its namesake database software,

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<v Speaker 3>but it's really found some success in providing the type

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<v Speaker 3>of chips filled data centers and other equipment that's necessary

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<v Speaker 3>for training and deploying AI models. And the reason I

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<v Speaker 3>mentioned that is just so that we get a sense

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<v Speaker 3>of what kind of read through it's giving us on

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<v Speaker 3>a specific sector of the economy. Shares of Oracle are

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<v Speaker 3>up some eighteen percent, roughly eighteen percent year to date.

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<v Speaker 3>Its last quarterly report was very strong in terms of

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<v Speaker 3>what analysts had been expecting and what the company ended

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<v Speaker 3>up delivering. Its last report was in March, and shares

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<v Speaker 3>actually soared after it posted results. It said that it's

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<v Speaker 3>closely watched infrastructure business had jumped eighty four percent to

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<v Speaker 3>four point nine billion dollars. The company also at the

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<v Speaker 3>time said that revenue would reach ninety billion in the

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<v Speaker 3>fiscal year beginning in June. Also at the time, it

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<v Speaker 3>handily beat analysts project on a number of other measures.

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<v Speaker 3>So the takeaway was that we were sort of seeing

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<v Speaker 3>we were getting this through line on AI spending. It

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<v Speaker 3>gave investors a really good look at how demand for

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<v Speaker 3>AI centers was going. There had been in the past

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<v Speaker 3>some concern that maybe that a specific corner of the

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<v Speaker 3>market was maybe slowing down, but then Oracle gave us

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<v Speaker 3>those results. Looking ahead, of course, we don't exactly know

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<v Speaker 3>what the company is going to be telling us, but

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<v Speaker 3>we do have some analyst projections, and we do have

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<v Speaker 3>a report from Bloomberg Intelligence where the Analysts there say

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<v Speaker 3>Oracle's fiscal four Q results will likely reflect another quarter

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<v Speaker 3>of robust AI infrastructure demand.

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<v Speaker 1>Also this week after the close on Thursday, we're going

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<v Speaker 1>to hear from Adobe. Now, you got to think this

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<v Speaker 1>company's got a lot to show for with all the

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<v Speaker 1>fears around apocalypse or whatever we're calling it now.

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<v Speaker 3>Yeah, exactly. And I love when a company can tell

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<v Speaker 3>us a specific story, you know, one of especially with

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<v Speaker 3>like Bellweather companies that can tell us something that's happening

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<v Speaker 3>within a certain sector of the economy or the market,

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<v Speaker 3>like we were just saying with Oracle. So for Adobe

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<v Speaker 3>ticker ADB, reporting on June eleventh, after the market close,

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<v Speaker 3>shares are not doing so great this year. They're down

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<v Speaker 3>some twenty five percent so far this year. When we

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<v Speaker 3>think of Adobe, we think of its software, it's creative tools,

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<v Speaker 3>it's digital marketing offerings, and also of course PDFs, which

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<v Speaker 3>I can never figure out how to edit or save

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<v Speaker 3>or print seriously, but a lot of Adobe's revenues generated

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<v Speaker 3>via those subscriptions. Analysts will be paying attention to that.

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<v Speaker 3>But Adobe actually has a very interesting theme and the

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<v Speaker 3>story going on right now, which is that there are

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<v Speaker 3>talks about who it's next CEO will be. Bloomberg just

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<v Speaker 3>reported that the company is eyeing to internal leaders for

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<v Speaker 3>its quest for a new chief executive officer, and Adobe

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<v Speaker 3>has hired a well known search firm to look at

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<v Speaker 3>some external candidates who could be suited to running the

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<v Speaker 3>company in our AI era. And so there are two

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<v Speaker 3>contenders of two of its main business units who are

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<v Speaker 3>sort of like the leading in house candidates, and then

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<v Speaker 3>you know whoever else that they're looking at from the outside.

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<v Speaker 3>So analysts really are thinking about, you know what, will

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<v Speaker 3>we get some clarity around the CEO transition. It's sure

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<v Speaker 3>to be a key focus on the earnings call.

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<v Speaker 1>So maybe more than just numbers in this sortingm exactly exactly.

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<v Speaker 3>It might even supersede some of the financial metrics themselves,

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<v Speaker 3>which is really interesting.

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<v Speaker 1>Yeah, it certainly is not just tech. Later on this

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<v Speaker 1>week as well, we're going to hear from Lenar reporting

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<v Speaker 1>their earnings. It's been pretty tough for the homebuilders in

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<v Speaker 1>this rate and price environment.

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<v Speaker 3>Buildana exactly another great example of a company that's giving

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<v Speaker 3>us a look at, in this case the housing market.

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<v Speaker 3>The home building market ticker LN shares are also lower

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<v Speaker 3>so far this year. The company is reporting after the

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<v Speaker 3>close on Thursday at June eleventh. This is one of

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<v Speaker 3>the largest US homebuilders by revenue, and again another great

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<v Speaker 3>read on homebuilder sentiment. So just in terms of some

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<v Speaker 3>of the data that we've seen for new home sales,

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<v Speaker 3>for instance, in April, they had fallen month over month

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<v Speaker 3>some six percent to around six hundred and twenty two thousand.

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<v Speaker 3>US homebuilder sentiment had rebounded in May, but in general

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<v Speaker 3>it sort of remains pretty low, given affordability concerns weighing

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<v Speaker 3>on a lot of consumers and also weighing on the

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<v Speaker 3>spring selling season, and so it's important to keep those

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<v Speaker 3>things in mind in terms of what the housing market

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<v Speaker 3>looks like and whether or not people think we're going

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<v Speaker 3>to potentially continue to see a lackluster housing market. Persist

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<v Speaker 3>you in future quarters.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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