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 at some stocks on the move today.
Speaker 1: I'm Tim Stenevik and we're joined by Bloomberg Television Markets
Speaker 1: correspondent nour Melinda Noura. A lot of stocks making big
Speaker 1: moves in the after hours. What are you watching?
Speaker 3: Keeping eyes on Oracle Shares it's ticker o RCL, as
Speaker 3: well as Dell Technologies that's ticker d e LL. We
Speaker 3: saw a lot of activity today as it relates to
Speaker 3: the headlines that we saw coming through toward the end
Speaker 3: of the day. Both stocks were lower at the closing
Speaker 3: belt today on Thursday, but a little bit of activity
Speaker 3: in the after hours trade pointing a little bit higher.
Speaker 3: Oracle up about one point two percent, Dell up about
Speaker 3: two tens of a percent here in the after hours trade.
Speaker 3: This of course comes after the news that we've been
Speaker 3: hearing about TikTok. I mean, we had jd Vance saying
Speaker 3: that the US version of TikTok will be valued at
Speaker 3: four teen billion dollars. Here Trump saying that TikTok investors
Speaker 3: will include the likes of Dell and also Rupert Murdoch here,
Speaker 3: So I mean, of course that's going to bring some
Speaker 3: welcome support here as you're seeing this play out here
Speaker 3: in the after hours trade. We'll have to see how
Speaker 3: all this trickles out.
Speaker 1: Yeah, I'm glad you said that, because we did hear
Speaker 1: from the vice president Jad Evans who said the US
Speaker 1: operations of TikTok would be valued at around fourteen billion dollars,
Speaker 1: but also said stay tuned, we'll get more details on this.
Speaker 1: And you know Bloomberg has done some reporting too today
Speaker 1: about who's actually going to make up the investment consortium
Speaker 1: that what that would look like. But still the devil's
Speaker 1: in the details. We'll have to wait and see what
Speaker 1: that looks absolutely.
Speaker 2: Here.
Speaker 4: Let's also take a look at Jabill. This is j
Speaker 4: b L. My pronunciation's correct there.
Speaker 3: You know, we all got to hope so here, but
Speaker 3: we did see shares down as much as six percent
Speaker 3: at the closing bell here, and this after vital knowledge.
Speaker 3: Of course, the analyst came out there's flagging AI, the
Speaker 3: AI segment margin miss here for the company. The manufacturer
Speaker 3: reporter results that of course, they said that the headline
Speaker 3: numbers remained strong, but they think that this is a
Speaker 3: net negative given the miss on intelligent infrastructure margins as
Speaker 3: well as the full year twenty twenty six guidance here,
Speaker 3: So a little bit of activity here, pressure on the
Speaker 3: shares at the closing bell today.
Speaker 1: Okay, what about Tesla. This one's been down all day.
Speaker 4: Tesla has been down all day.
Speaker 3: It is the worst performing stock in terms of all
Speaker 3: the Meg seven names that we saw play out today.
Speaker 3: And of course this comes after the fact that they
Speaker 3: had a twenty two percent decline in sales in Europe
Speaker 3: last month in August. And the funny part here is
Speaker 3: the fact that European consumers actually were buying electric vehicles
Speaker 3: last month. We did see a rise there, but it
Speaker 3: seems as though they're not a fan of Tesla at
Speaker 3: least according to the data that we saw last month.
Speaker 1: A rising car sales in the region, arising EV sales
Speaker 1: hybrids were a particularly bright spot. But a twenty two
Speaker 1: percent decline for Tesla not a.
Speaker 4: Good look here for the company.
Speaker 3: I mean, they've been dealing with a lot of struggles
Speaker 3: if you look at the year to date, though they're
Speaker 3: up about four.
Speaker 4: Point eight percent.
Speaker 1: And what did shares do today?
Speaker 3: Shares today, they did end at down four percent, four
Speaker 3: point four percent at the closing bell.
Speaker 1: Okay, Costco reporting earnings after the bell today, stock moving
Speaker 1: around in the after hours. What's going on with Costco.
Speaker 3: Well, we did see them shed just a little bit
Speaker 3: of shares down a little bit, about two tens of
Speaker 3: percent lower at the closing bell today and a little
Speaker 3: bit lower right now as we speak. But their erniees
Speaker 3: did beat expectations. They're really citing steady consumer demand. I mean,
Speaker 3: if you think about Costco, it's really a bulk place.
Speaker 3: If you think about Walmart, you know, you might get
Speaker 3: one or two items there, but you go to Costco
Speaker 3: and maybe Sam's Club when you want to see things
Speaker 3: in bulk.
Speaker 4: So they are seeing consumer demand.
Speaker 3: Despite the uncertain time period right now, especially if you
Speaker 3: think about finances right now for the average US consumer.
Speaker 1: Yeah, I think you got to think about this in
Speaker 1: the context of not living in New York City where
Speaker 1: we don't have room to put stuff that you get
Speaker 1: at Costco. But growing up, I don't know if you
Speaker 1: went to Costco when you were growing up, but it
Speaker 1: was like a family affair and we would bring, you know,
Speaker 1: the coolers to keep everything cool.
Speaker 4: Great.
Speaker 1: Yeah, uh, it was. It was an era for sure.
Speaker 1: And yeah, they've just been firing on all cylinders.
Speaker 4: I mean I used to always go to Sam's Club.
Speaker 4: I think you really did.
Speaker 3: Tends regionally about which one you have. Southwest Virginia. We
Speaker 3: were a Sam Club crew, but costco very very similar.
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