1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,079 --> 00:00:19,360 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,640 --> 00:00:23,200 Speaker 3: I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Mantail. 6 00:00:23,360 --> 00:00:27,120 Speaker 3: All right, we are starting with Qualcom ticker QCOM. Their 7 00:00:27,160 --> 00:00:29,440 Speaker 3: shares have been down as much as two percent. You 8 00:00:29,480 --> 00:00:32,120 Speaker 3: know them, the largest maker of smartphone processors, right, So 9 00:00:32,159 --> 00:00:36,320 Speaker 3: they delivered these upbeat forecast sales, profit forecasts, top estimates, 10 00:00:36,720 --> 00:00:39,680 Speaker 3: but investors were expecting more. There's been so much news 11 00:00:39,680 --> 00:00:42,680 Speaker 3: about Qualcomm in the headlines. Here's another thing. They also 12 00:00:42,720 --> 00:00:45,280 Speaker 3: took a five point seven billion dollar non cast charge 13 00:00:45,280 --> 00:00:47,879 Speaker 3: that was linked to the one Big Beautiful bill, so 14 00:00:48,000 --> 00:00:50,640 Speaker 3: that contributed to a three point one two billion dollar 15 00:00:50,760 --> 00:00:54,480 Speaker 3: net loss. There were a lot of things on the upside, 16 00:00:54,520 --> 00:00:57,080 Speaker 3: like the outlook suggested as strong demand in the high 17 00:00:57,160 --> 00:01:00,160 Speaker 3: end android phone market, and then it's really made making 18 00:01:00,240 --> 00:01:04,080 Speaker 3: this big effort to diversify into chips for cars, for PCs, 19 00:01:04,240 --> 00:01:06,720 Speaker 3: for for data centers. So there was a lot of 20 00:01:06,800 --> 00:01:08,959 Speaker 3: upside to it, but it just it just wasn't enough, 21 00:01:09,000 --> 00:01:12,920 Speaker 3: couldn't impress investors? And then you have Snap, Right, this 22 00:01:13,000 --> 00:01:15,800 Speaker 3: is s nap. This is the social media app all 23 00:01:15,880 --> 00:01:18,160 Speaker 3: the kids like. Okay, oh I think it is the 24 00:01:18,240 --> 00:01:22,759 Speaker 3: tools ye. No, no, this is the Snapchat app. Okay, 25 00:01:24,000 --> 00:01:26,920 Speaker 3: shares taking a hit down as much as twenty percent. Tom, 26 00:01:26,959 --> 00:01:29,440 Speaker 3: You're gonna like this though, because you're a Perplexity fan. Okay. 27 00:01:29,680 --> 00:01:31,640 Speaker 3: So the company said that they are going into a 28 00:01:31,680 --> 00:01:35,840 Speaker 3: four hundred million dollar partnership with Perplexity AI, and now 29 00:01:35,959 --> 00:01:39,200 Speaker 3: they're going to incorporate that search engine into Snapchat in 30 00:01:39,200 --> 00:01:41,640 Speaker 3: twenty twenty six. So now all the kids are going 31 00:01:41,720 --> 00:01:43,560 Speaker 3: to be using the Perplexity in the. 32 00:01:43,520 --> 00:01:46,240 Speaker 1: Snapchat and the sock is up eighteen percent here today, 33 00:01:46,240 --> 00:01:47,480 Speaker 1: prefer Yeah, it's. 34 00:01:47,280 --> 00:01:50,760 Speaker 3: Doing really well, and so it's going to be you know, 35 00:01:50,760 --> 00:01:53,080 Speaker 3: they're going to pay Snap a combination of cash and equity. 36 00:01:53,440 --> 00:01:55,840 Speaker 3: But their third quarter earnings they were in line with esimate, 37 00:01:55,960 --> 00:01:57,600 Speaker 3: So you know, the company's been doing a little bit 38 00:01:57,600 --> 00:02:00,320 Speaker 3: better because they've been struggling with the advertising business. That's 39 00:02:00,360 --> 00:02:04,920 Speaker 3: that's really huge. They announce bond offering. Everyone else is 40 00:02:06,040 --> 00:02:08,919 Speaker 3: that's how they do it. Okay, And have you ever 41 00:02:09,080 --> 00:02:12,640 Speaker 3: used du lingo? The language platform. Like when you go 42 00:02:12,720 --> 00:02:13,799 Speaker 3: you learn French, you. 43 00:02:13,800 --> 00:02:19,799 Speaker 2: Go, oh, you should have seen my friend should killing it? 44 00:02:20,000 --> 00:02:24,360 Speaker 1: Yes, the accent is so different than Paris, Like it's 45 00:02:24,400 --> 00:02:27,040 Speaker 1: like anything is completely different. 46 00:02:27,960 --> 00:02:31,799 Speaker 3: They don't understand me in Paris as well. Killing it? 47 00:02:32,800 --> 00:02:35,880 Speaker 3: I need it? Yes, okay, d u l O taking 48 00:02:35,880 --> 00:02:40,639 Speaker 3: a head down twenty five percent a week. Bookings forecast 49 00:02:40,680 --> 00:02:43,639 Speaker 3: annels are saying that management focused on user growth, weighing 50 00:02:43,639 --> 00:02:47,080 Speaker 3: on the bookings outlook. The big worry. I didn't know this, 51 00:02:47,160 --> 00:02:51,400 Speaker 3: but Apple has this live air pod translation feature. The 52 00:02:51,440 --> 00:02:53,400 Speaker 3: company says, you know what, We're not worried about it, 53 00:02:53,440 --> 00:02:56,880 Speaker 3: so it's fine. They also have this Max product that 54 00:02:56,919 --> 00:02:59,720 Speaker 3: they're talking about. So what this Max product is It 55 00:02:59,720 --> 00:03:01,800 Speaker 3: takes the shame out of learning a language. So you 56 00:03:01,880 --> 00:03:04,960 Speaker 3: might be embarrassed to talk to a human when you 57 00:03:05,000 --> 00:03:07,320 Speaker 3: try and learn a language. Well, you can go to 58 00:03:07,440 --> 00:03:10,000 Speaker 3: Max and it's an AI video call with one of 59 00:03:10,040 --> 00:03:13,440 Speaker 3: their characters, so you can practice the language there. You 60 00:03:13,440 --> 00:03:15,959 Speaker 3: don't feel the shames. Yes, you don't feel the shame 61 00:03:16,000 --> 00:03:18,040 Speaker 3: of a real person. I've been told if. 62 00:03:17,919 --> 00:03:22,799 Speaker 2: You hire someone like Remote that that's very beneficial. 63 00:03:22,800 --> 00:03:25,280 Speaker 1: I've not done that. I'm on the school. I've thought 64 00:03:25,280 --> 00:03:27,840 Speaker 1: about this a lot during my life. You have to 65 00:03:27,919 --> 00:03:30,200 Speaker 1: just immerse yourself, go somewhere for six months and just 66 00:03:30,240 --> 00:03:32,480 Speaker 1: drop me off in the middle of Spain or Mexico 67 00:03:32,960 --> 00:03:35,480 Speaker 1: and nobody around. And one more you want to squeeze in. 68 00:03:35,560 --> 00:03:38,240 Speaker 3: All right, I'll do Elf Beauty. Okay, Elf, because it's 69 00:03:38,280 --> 00:03:42,040 Speaker 3: down twenty one percent earning sales downlooks fell short, right, 70 00:03:42,320 --> 00:03:44,880 Speaker 3: So they're positive about the sales growth because they just 71 00:03:44,920 --> 00:03:48,600 Speaker 3: acquired Road, right, that's Haley Bieber's beauty brand. But they're 72 00:03:48,680 --> 00:03:52,680 Speaker 3: still skeptical about the namesake product, the Elf Beauty that 73 00:03:52,720 --> 00:03:55,160 Speaker 3: you see in a CVS pharmacy or whatever. They're kind 74 00:03:55,160 --> 00:03:57,640 Speaker 3: of skeptical about that. So they like the Road they 75 00:03:57,680 --> 00:04:00,360 Speaker 3: just think that the namesake product is just not going 76 00:04:00,400 --> 00:04:00,920 Speaker 3: to do that. 77 00:04:01,000 --> 00:04:06,400 Speaker 2: Welcome the Stockmovers Report from Bloomberg Radio. Check back with 78 00:04:06,520 --> 00:04:09,080 Speaker 2: us throughout the day for the latest roundup of companies 79 00:04:09,160 --> 00:04:12,240 Speaker 2: making news on Wall Street and for the latest market 80 00:04:12,280 --> 00:04:16,760 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 81 00:04:16,839 --> 00:04:20,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 82 00:04:20,400 --> 00:04:21,880 Speaker 2: the Bloomberg Business app.