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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.

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Speaker 2: This is the closing bell on this stock movers report

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Speaker 2: the company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostic and Scarlet Food.

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Speaker 3: All right, S ANDV five two hundred and fifty two

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Speaker 3: names to the upside folks. You've got two hundred and

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Speaker 3: forty nine losing ground too unchanged.

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Speaker 1: And we take a look at the imap, the circle

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Speaker 1: as Katie Greifeld will call it here, and it gets

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Speaker 1: to this idea here of the rotation that we've seen

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Speaker 1: over the past few sessions, this idea that it is

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Speaker 1: industrials and it is energy and financials that have been

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Speaker 1: leading the charge. Tech did get a bit in there,

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Speaker 1: bullshit point out A big part of the reason why

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Speaker 1: you see Tech in the green today is because of

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Speaker 1: that big push up by Meta.

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Speaker 3: All Right, so let's go there because that is my

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Speaker 3: number one gainer. You can see it playing out. It

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Speaker 3: is the number one gainer in fact in the Nasdaq

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Speaker 3: one hundred stock finishing off its highs that its TIES

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Speaker 3: was up about five point seven percent, but finishing with

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Speaker 3: a gain of about three and a half percent for

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Speaker 3: the Thursday Trade that exclusive by our own Kurt Wagner

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Speaker 3: on how Mark Zuckerberg is expected to cut resources when

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Speaker 3: it comes to building out the Metaverse. Remember back in

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Speaker 3: twenty twenty one, that's what it was all about. They

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Speaker 3: changed the company name. It was going to be the

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Speaker 3: future of the company. Sounds like they are dialing that back.

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Speaker 3: Executives have apparently discussed potential budget cuts as much as

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Speaker 3: thirty percent for the Metaverse group next year, and that could.

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Speaker 1: Just see the joke online. Now everybody's trying to buy

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Speaker 1: up domain names that they think Meta's going to them

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Speaker 1: when they change their name to something ai.

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Speaker 4: Has it occurred?

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Speaker 3: Do you think it's going to be Meta AI? And

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Speaker 3: he's like, I don't even know why not.

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Speaker 1: I've cost a couple hundred bucks and may make a

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Speaker 1: few million.

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Speaker 5: I love, I love.

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Speaker 3: All right, let's go to Dollar General. As you mentioned, Romaine,

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Speaker 3: we are still getting earnings. We got a lot of

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Speaker 3: that from the retail community this week. This talk pretty

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Speaker 3: much finishing at its best levels of the day of

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Speaker 3: fourteen percent, number one gainer in the S and P

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Speaker 3: five hundred dollar General raising it's full your outlook, highlighting

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Speaker 3: value focused retailers are winning over consumers hunting for deals.

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Speaker 3: So interesting when you see people looking for deals, maybe

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Speaker 3: trading down even at a dollar. General they did cite

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Speaker 3: some share gains in both its consumable and non consumable categories,

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Speaker 3: suggesting its low cost groceries are winning over customers. And

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Speaker 3: then one more something a little different, ge Veranova. This

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Speaker 3: was a top gainer in the S and P five hundred,

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Speaker 3: up about four and a half percent. Barklay's analyst coming

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Speaker 3: out maintaining an overweight, raising the price target from seven

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Speaker 3: ten to seven twenty. Some company news they won a

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Speaker 3: repeat wind turbine order from Greenvilt in Romania. I just

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Speaker 3: thought i'd throw that in a little extra Stuck is

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Speaker 3: up about ninety three percent year today, So talk about

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Speaker 3: some outperformance here.

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Speaker 4: Yeah, well, how about a little underperformance because I'm looking

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Speaker 4: at the decliners. Intel leading the pack there for the

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Speaker 4: S and P five hundred to day. Not a great

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Speaker 4: day for Intel investors. Stock off about seven and a

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Speaker 4: half percent, but you know what, it's still up about

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Speaker 4: one hundred percent year to date, coming off a strong

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Speaker 4: Q three numbers. But Intel says it's going to keep

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Speaker 4: its networking division in House, So this reverses plans that

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Speaker 4: it had to spin it off or sell a stake.

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Speaker 4: And it also has ended talks with ericson which we

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Speaker 4: know had been exploring a potential investment in the network

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Speaker 4: and edge group there at Intel. So Intel down more

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Speaker 4: than seven percent today. Also among the big decliners, Win

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Speaker 4: not really winning today when Resorts there was a warning

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Speaker 4: actually from Marriott earlier today. They were at a conference

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Speaker 4: and Marriott was talking about possible weakness in the US

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Speaker 4: market that sort of dragged travel related stocks down. Win

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Speaker 4: was one of them. But also when Resorts told investors

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Speaker 4: that almost ninety percent of revenue from its new UAE

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Speaker 4: project could come from gambling. So I don't know if

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Speaker 4: people love the fact that so much of it, so

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Speaker 4: much of revenue is going to be you.

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Speaker 3: Know, everybody loves gambling.

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Speaker 4: It seems we're getting casinos here in New York. So yeah,

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Speaker 4: I think you're right by the way. So when off

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Speaker 4: more than four percent on the day. Also down about

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Speaker 4: four percent Kroger today, it cut its sales guidance. Shoppers

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Speaker 4: get choosier. We keep hearing this theme increase competition from

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Speaker 4: places like Walmart. Also, they're going to go back to

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Speaker 4: paper coupons at Kroger, and they're also going to expand

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Speaker 4: their private lys.

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Speaker 1: We repeat that I missed that part of dark. That's

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Speaker 1: the future.

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Speaker 4: Yeah, I don't get your scissors out.

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Speaker 3: Everything old is new again.

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Speaker 1: I guess, okay, well, I guess my grandmother's charting. All right,

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Speaker 1: let's take a quick look at yields. Another move higher

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Speaker 1: pretty much across the curve today. I guess you could

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Speaker 1: kind of call it a parallel shift three to four

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Speaker 1: basis points pretty much from top to bottom. And I think,

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Speaker 1: Alexis you kind of hit it on the head a

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Speaker 1: little bit earlier, this idea that this is a market

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Speaker 1: right now, kind of in waiting for next week, next Wednesday,

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Speaker 1: where we do get that FED decision almost near certainty,

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Speaker 1: we get a twenty five basis point cut. But more importantly,

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Speaker 1: what comes after that, not just with RAKE cuts, but

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Speaker 1: of course with FED leadership.

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Speaker 3: All right, let's go to some earnings crossing again. The

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Speaker 3: retailers continue to report. I think this is where Romain shops.

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Speaker 3: Zoomies up about eight and a quarter percent.

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Speaker 4: My dog loves just saying they're hoodies. You know, they're

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Speaker 4: all from Zoomies.

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Speaker 3: I just want to quickly say third quarter net sales

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Speaker 3: beating estimates, and so investors definitely running into this one remain.

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Speaker 1: Stitch Fix Alta also crossing the wire right now, so

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Speaker 1: too is Hewlett Packard Enterprise. The share is moving higher

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Speaker 1: the knee jerk reaction after the release of the results,

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Speaker 1: up about three percent. The company says that in its

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Speaker 1: most recent quarter adsed DPS beat pretty handily sixty two

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Speaker 1: cents of share. The street was looking for fifty eight cents.

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Speaker 1: Server revenue a key metric that everybody has been keeping

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Speaker 1: eye on coming in light four point four to six billion.

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Speaker 1: The street was looking for four point seven billion if

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Speaker 1: you round up now. Going forward, the company says that

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Speaker 1: for the full fiscal year, this is the current year

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Speaker 1: that we're in right now, it is raising that guidance

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Speaker 1: four fiscal twenty twenty six here says ASTEDDPS will be

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Speaker 1: in a range of two twenty five to two forty five.

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Speaker 1: Had previously seen two twenty to two forty so basically

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Speaker 1: raising that range by a nickel on both ends. As

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Speaker 1: for revenue, nine to nine point four billion, and that

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Speaker 1: actually is below street estimates. Nine billion to nine point

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Speaker 1: four billion is the range that they're giving four revenue

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Speaker 1: for the full year the street David was looking for

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Speaker 1: nine point nine.

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Speaker 3: All right, we've got Heulid Packard Enterprise just down about

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Speaker 3: four ten seven percent. Let's go to Alta, which is

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Speaker 3: up about one point six percent here in the after market.

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Speaker 3: This company's been outperforming this year, up about twenty three

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Speaker 3: percent year to date. Here's why investors are enthused in

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Speaker 3: the after market. Alta sees fiscal year comp sales up

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Speaker 3: four point four percent to four point seven percent. It

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Speaker 3: had seen a rise of two and a half to

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Speaker 3: three and a half percent, so that is certainly an

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Speaker 3: upbeat forecast. Also sees fiscal year net sales of twelve

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Speaker 3: point three billion. It had seen twelve billion to twelve

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Speaker 3: point one, so, again upping its forecasts for fiscal year

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Speaker 3: net sales, company says it sees fiscal year net news

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Speaker 3: stores up sixty two point six percent. Had seen about

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Speaker 3: sixty three percent. That sixty two point six smack in

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Speaker 3: line with what the street's expecting. And just going back

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Speaker 3: to third quarter third quarter EPs, big beat five to

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Speaker 3: fourteen versus an estimate of four to sixty one. Third

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Speaker 3: quarter net sales also beat two eighty six billion versus

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Speaker 3: the estimate of two point seven to one billion. And guys,

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Speaker 3: we've got Alta up about three point four percent. This

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Speaker 3: was a subject to have a Bloomberg BusinessWeek cover story. Yes,

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Speaker 3: they've been firing on all cylinders.

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Speaker 1: All right, let's stay in the retail space. Stitch Fix,

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Speaker 1: much smaller company out the sharezo get in a nice

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Speaker 1: little pop. In the most recent quarter. The company still

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Speaker 1: posting a loss, but revenue did come in slightly above expectations.

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Speaker 1: As far as the forecast goes, the company says expect

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Speaker 1: a first quarter loss. Excuse me. For the second quarter,

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Speaker 1: the company is saying that it will actually flip that

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Speaker 1: loss to a profit on a continuing basis. Also says

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Speaker 1: that it sees revenue in the current fiscal second quarter

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Speaker 1: of three thirty five to three hundred and forty the

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Speaker 1: low end of that range, well above the average of

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Speaker 1: street estimates.

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Speaker 5: It's a huge week for retail earnings. And I think

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Speaker 5: at a moment, we don't have a whole lot of data.

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Speaker 5: We're getting data data as it comes in here. This

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Speaker 5: inside that we get into the consumer is just fascinating.

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Speaker 5: And again from both this company and from Ulti Beauty,

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Speaker 5: you see that there is still willingness, it seems, among

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Speaker 5: a lot of consumers to go out and buy stuff

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Speaker 5: despite all uncertainting. Concerned about the economy.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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