1
00:00:02,520 --> 00:00:08,720
Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:16,160
Speaker 2: the stock market harnessing the power of Bloomberg Data.

4
00:00:16,320 --> 00:00:18,239
Speaker 3: Let's take a look at some stocks on the move today.

5
00:00:18,239 --> 00:00:21,200
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. We got

6
00:00:21,239 --> 00:00:24,520
Speaker 3: to start off, Dan with a power deal for Trump

7
00:00:24,600 --> 00:00:25,880
Speaker 3: Media and Technology.

8
00:00:26,000 --> 00:00:27,800
Speaker 1: Good morning, Good morning.

9
00:00:27,840 --> 00:00:31,000
Speaker 4: That's right, Trump Media and Technology. The ticker is dj

10
00:00:31,200 --> 00:00:34,800
Speaker 4: T after the president's owned initials. Those shares are up

11
00:00:34,840 --> 00:00:37,680
Speaker 4: thirty three percent in pre market now. It's the company

12
00:00:37,720 --> 00:00:41,560
Speaker 4: that's behind truth Social and it's combining with Thae Technologies

13
00:00:41,600 --> 00:00:45,320
Speaker 4: in this all stock deal valued about six billion dollars.

14
00:00:45,600 --> 00:00:50,479
Speaker 4: So while Trump Media does truth Social and the social

15
00:00:50,479 --> 00:00:54,520
Speaker 4: messaging platform, Thae is a company I hadn't come across before,

16
00:00:54,560 --> 00:00:57,720
Speaker 4: but it's working on fusion technology. It's trying to build

17
00:00:57,760 --> 00:01:00,480
Speaker 4: the world's first large fusion power plant. So I was

18
00:01:00,520 --> 00:01:03,560
Speaker 4: reading reading through the press release trying to figure out

19
00:01:03,560 --> 00:01:07,160
Speaker 4: what the combination is here, and they're basically saying that

20
00:01:07,200 --> 00:01:09,840
Speaker 4: Truth Media's balance sheet is what makes it as an

21
00:01:09,880 --> 00:01:13,360
Speaker 4: attractive partner for Thae. So Truth Media is going to

22
00:01:13,400 --> 00:01:16,080
Speaker 4: provide up to three hundred million dollars in cash to

23
00:01:16,160 --> 00:01:20,600
Speaker 4: help develop this fusion technology, which would be a world first.

24
00:01:20,720 --> 00:01:23,000
Speaker 4: And of course there's lots of connections to the Trump

25
00:01:23,120 --> 00:01:25,280
Speaker 4: cabinet with Trump Media.

26
00:01:25,400 --> 00:01:27,320
Speaker 1: Devin Nunez is the chairman of Trump Media.

27
00:01:27,319 --> 00:01:30,040
Speaker 4: He's also the chair of the President's Intelligence Advisory Board,

28
00:01:30,319 --> 00:01:33,360
Speaker 4: and the president's owned son is also on Trump Media

29
00:01:33,400 --> 00:01:36,720
Speaker 4: board as well, so there's a lot of connections between

30
00:01:36,760 --> 00:01:39,600
Speaker 4: the president, so perhaps some political firepower coming in for

31
00:01:39,640 --> 00:01:40,399
Speaker 4: the fusion market.

32
00:01:40,680 --> 00:01:42,480
Speaker 3: I think we're going to be watching Trump Media and

33
00:01:42,480 --> 00:01:44,560
Speaker 3: technology shares throughout the day. We're also going to be

34
00:01:44,640 --> 00:01:48,160
Speaker 3: keeping an eye on Micron Technology as well, because that

35
00:01:48,280 --> 00:01:51,240
Speaker 3: stock in particular seems to be lifting the broader tech

36
00:01:51,320 --> 00:01:53,000
Speaker 3: sector exactly.

37
00:01:53,160 --> 00:01:55,680
Speaker 4: So yesterday it was a lot of doubt around the

38
00:01:55,680 --> 00:01:58,000
Speaker 4: AI trade, and Micron came in after the bell and

39
00:01:58,040 --> 00:02:00,560
Speaker 4: just gave gave the bulls a reason to be bullish.

40
00:02:00,840 --> 00:02:03,560
Speaker 4: So the shares of Micron ticker MU are up over

41
00:02:03,600 --> 00:02:06,560
Speaker 4: eleven percent in pre market right now. It's the largest

42
00:02:06,640 --> 00:02:08,960
Speaker 4: US maker of computer memory chips, and it gave a

43
00:02:08,960 --> 00:02:12,480
Speaker 4: really upbeat forecast. The guidance is that current quarter revenue

44
00:02:12,480 --> 00:02:15,280
Speaker 4: will be eighteen or nineteen billion dollars over twenty five

45
00:02:15,320 --> 00:02:19,200
Speaker 4: percent higher than Wall Street estimates. Earnings estimates were even stronger,

46
00:02:19,240 --> 00:02:22,600
Speaker 4: over eighty percent higher than what analysts were expecting. All

47
00:02:22,639 --> 00:02:25,120
Speaker 4: of this coming off of heavy spending for memory from

48
00:02:25,200 --> 00:02:28,200
Speaker 4: the AI industry, and that's spilling over into other places.

49
00:02:28,600 --> 00:02:32,000
Speaker 4: It's given these memory makers a real, real strong pricing

50
00:02:32,040 --> 00:02:35,080
Speaker 4: power able to charge what they want to almost for

51
00:02:35,200 --> 00:02:38,600
Speaker 4: these memory chips. So while Micron is up eleven percent,

52
00:02:38,680 --> 00:02:42,320
Speaker 4: Seagate Technology, Western Digital, these other memory makers are up

53
00:02:42,360 --> 00:02:46,200
Speaker 4: another four percent each. These are those three stocks are

54
00:02:46,320 --> 00:02:48,720
Speaker 4: four of the top performers, are three of the four

55
00:02:48,800 --> 00:02:50,919
Speaker 4: top performers in the S and P five hundred this year.

56
00:02:51,120 --> 00:02:53,720
Speaker 4: It's a real it's been a real play this year

57
00:02:53,760 --> 00:02:56,000
Speaker 4: on just all this memory demand that's needed from the

58
00:02:56,040 --> 00:02:58,320
Speaker 4: I space and showing up in Micron earnings.

59
00:02:58,440 --> 00:03:01,360
Speaker 3: Yeah, so Micron earnings are a big earning story. After

60
00:03:01,480 --> 00:03:04,720
Speaker 3: hours this morning, we just got earnings from Accenture.

61
00:03:05,600 --> 00:03:07,960
Speaker 1: That's right, and AI plays a role in these two.

62
00:03:08,280 --> 00:03:11,840
Speaker 4: So Accenter announced first quarter earnings that were a little

63
00:03:11,840 --> 00:03:13,919
Speaker 4: bit stronger than what the street was expecting.

64
00:03:13,919 --> 00:03:15,640
Speaker 1: Those shares are up three percent.

65
00:03:16,240 --> 00:03:19,680
Speaker 4: The space has been under pressure from AI actually because

66
00:03:19,760 --> 00:03:22,359
Speaker 4: companies have been spending more on AI and spending less

67
00:03:22,360 --> 00:03:25,440
Speaker 4: on consulting. But Accentrire's embracing that a bit. It's partnered

68
00:03:25,480 --> 00:03:28,560
Speaker 4: with open Ai to give employees some powered insights into

69
00:03:28,600 --> 00:03:31,080
Speaker 4: what's going on. And there's been, you know, that pressure,

70
00:03:31,160 --> 00:03:34,920
Speaker 4: has put a lot of focus on costs, and the.

71
00:03:34,960 --> 00:03:38,119
Speaker 1: Earnings look like they're coming in with decent margins.

72
00:03:38,440 --> 00:03:41,320
Speaker 3: And finally, Dan, Lulu Lemon's getting a lift this morning.

73
00:03:41,360 --> 00:03:43,680
Speaker 3: Looks like some activist investment.

74
00:03:43,240 --> 00:03:44,640
Speaker 1: Here, that's right.

75
00:03:44,680 --> 00:03:47,640
Speaker 4: Elliott Management has said to have built a stake worth

76
00:03:47,640 --> 00:03:50,320
Speaker 4: over one billion dollars. According to a person familiar with

77
00:03:50,360 --> 00:03:53,280
Speaker 4: the matter, Elliott's been working with Jane Nielsen, who's a

78
00:03:53,280 --> 00:03:56,680
Speaker 4: former Ralph Lauren executive, a potential candidate to lead Lulu

79
00:03:56,800 --> 00:04:01,080
Speaker 4: Lemon when the CEO steps down next month. Elliott Lululemon

80
00:04:01,560 --> 00:04:04,240
Speaker 4: really trying to face the slowing sales. It's been getting

81
00:04:04,280 --> 00:04:07,320
Speaker 4: a lot of pressure at the upscale price point from

82
00:04:07,320 --> 00:04:09,760
Speaker 4: new competitors, and that it's been getting undercut from lower

83
00:04:09,760 --> 00:04:10,600
Speaker 4: price knockoffs.

84
00:04:10,680 --> 00:04:12,160
Speaker 1: The company's sales have been slowing.

85
00:04:12,160 --> 00:04:15,040
Speaker 4: They're looking for something to reinvigorate that, and Elliott Management's

86
00:04:15,440 --> 00:04:16,560
Speaker 4: said to step on board to.

87
00:04:16,480 --> 00:04:21,599
Speaker 2: Help this stock movers report from Bloomberg Radio. Check back

88
00:04:21,600 --> 00:04:23,839
Speaker 2: with us throughout the day for the latest roundup of

89
00:04:23,880 --> 00:04:27,200
Speaker 2: companies making news on Wall Street, and for the latest

90
00:04:27,200 --> 00:04:31,440
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

91
00:04:31,440 --> 00:04:35,200
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

92
00:04:35,200 --> 00:04:37,200
Speaker 2: Auto with the Bloomberg Business app.