1 00:00:02,520 --> 00:00:07,440 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 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:17,919 Speaker 2: Let's take a look at some of these stocks on 5 00:00:18,000 --> 00:00:18,520 Speaker 2: the move today. 6 00:00:18,560 --> 00:00:21,160 Speaker 1: I'm Scarlet Food with Alexis Christopher's and we're joined right 7 00:00:21,160 --> 00:00:23,000 Speaker 1: now by Bloomberg's Christina Quino. 8 00:00:23,079 --> 00:00:24,320 Speaker 2: And we got to start with Oracle. 9 00:00:24,520 --> 00:00:26,759 Speaker 1: Yeah, we got to start with Oracle because that is 10 00:00:26,760 --> 00:00:30,800 Speaker 1: a hot stock today ticker oh RCL. Those shares are 11 00:00:31,120 --> 00:00:35,000 Speaker 1: nearly forty percent now, which is astounding, and that is 12 00:00:35,040 --> 00:00:38,239 Speaker 1: because it did give a bullish outlook for its cloud business. 13 00:00:38,479 --> 00:00:41,160 Speaker 1: So it's saying that after a fiscal twenty twenty six 14 00:00:41,520 --> 00:00:46,159 Speaker 1: its cloud infrastructure revenue will increase subsequently over the next 15 00:00:46,200 --> 00:00:49,200 Speaker 1: four year So we're looking at thirty two billion after 16 00:00:49,280 --> 00:00:52,040 Speaker 1: fiscal twenty twenty six all the way up to one 17 00:00:52,159 --> 00:00:55,200 Speaker 1: hundred and fourteen billion in just four years after that, 18 00:00:55,360 --> 00:00:58,400 Speaker 1: So very very bullish. And the company also saying that 19 00:00:58,480 --> 00:01:00,920 Speaker 1: they signed a bunch of data side deals over to summer, 20 00:01:01,000 --> 00:01:04,440 Speaker 1: including one with open Ai that has increased their remaining 21 00:01:04,480 --> 00:01:07,759 Speaker 1: performance obligations, which is a key metric to four hundred 22 00:01:07,760 --> 00:01:11,360 Speaker 1: and fifty five billion dollars, so half a trillion exactly, 23 00:01:11,480 --> 00:01:15,319 Speaker 1: and Bloomberg Intelligence citing that as a reason for the 24 00:01:15,360 --> 00:01:17,880 Speaker 1: bullish outlook on the stock, because they're pointing out that 25 00:01:17,880 --> 00:01:20,199 Speaker 1: that is almost four times the size of a similar 26 00:01:20,240 --> 00:01:24,760 Speaker 1: measure for Google, and so that really puts Oracle's cloud 27 00:01:25,040 --> 00:01:27,640 Speaker 1: growth rate on track to surpass Googles. 28 00:01:28,080 --> 00:01:29,800 Speaker 2: Now on the other side of that coin, we've got 29 00:01:29,840 --> 00:01:32,919 Speaker 2: Synopsis right worst performer in the S ANDT five hundred, 30 00:01:33,000 --> 00:01:37,039 Speaker 2: missed earnings badly, and investors are punishing the stock absolutely. 31 00:01:37,040 --> 00:01:41,600 Speaker 1: Alexis a Synopsis ticker SNP as doing really quite the 32 00:01:41,600 --> 00:01:45,319 Speaker 1: opposite of Oracle. Shares down about thirty three percent at 33 00:01:45,319 --> 00:01:47,960 Speaker 1: the moment, that's set for its biggest drop since two 34 00:01:48,000 --> 00:01:51,400 Speaker 1: thousand and four, and that is in fact because of 35 00:01:51,440 --> 00:01:54,640 Speaker 1: a week set of earnings, particularly a week reading on 36 00:01:54,760 --> 00:01:58,000 Speaker 1: its revenue from design IP, also a weaker and expected 37 00:01:58,040 --> 00:02:01,880 Speaker 1: earnings outlook, and of course the company warning that export 38 00:02:01,920 --> 00:02:04,560 Speaker 1: restrictions are contributing to a slowdown in China, which is 39 00:02:04,600 --> 00:02:06,240 Speaker 1: of course a key marker for the company, a key 40 00:02:06,240 --> 00:02:09,920 Speaker 1: market for anyone trying to be in the semiconductor space. 41 00:02:10,120 --> 00:02:13,079 Speaker 1: We've seen a swath of price target cuts, so they've 42 00:02:13,080 --> 00:02:15,200 Speaker 1: been cut to five fifty from six to sixty, and 43 00:02:15,320 --> 00:02:18,040 Speaker 1: need them five fifty to from six to fifty as well. 44 00:02:18,080 --> 00:02:21,919 Speaker 1: At Stifle and Bared analysts downgrading stock to neutral, saying 45 00:02:21,960 --> 00:02:25,080 Speaker 1: that there is a lack of forward visibility. And finally 46 00:02:25,120 --> 00:02:27,840 Speaker 1: you're looking at banks speaking visibility. We want to get 47 00:02:27,840 --> 00:02:32,120 Speaker 1: some visibility on these banks and they're exposure to certain losses. Absolutely, 48 00:02:32,200 --> 00:02:35,480 Speaker 1: so we're looking at Fifth Third at the moment. And 49 00:02:35,560 --> 00:02:40,040 Speaker 1: so yeah, that stock FIITV currently flat. It was gaining 50 00:02:40,080 --> 00:02:43,799 Speaker 1: a little bit more earlier. But as this comes, as 51 00:02:43,880 --> 00:02:48,480 Speaker 1: are just investors digesting the news with Fifth Banks saying 52 00:02:48,520 --> 00:02:50,280 Speaker 1: that it was the victim of a fraud on a 53 00:02:50,320 --> 00:02:53,600 Speaker 1: loan with a two hundred million dollar balance. No, they're 54 00:02:53,639 --> 00:02:56,600 Speaker 1: saying that they believe it was an isolated incident, so 55 00:02:57,000 --> 00:02:59,799 Speaker 1: you know, they didn't disclose the borrower. But Bloomer's own 56 00:03:00,000 --> 00:03:03,920 Speaker 1: boarding showed that Fifth Third is among the banks bracing 57 00:03:03,960 --> 00:03:08,359 Speaker 1: for potentially hundreds of millions dollars dollars of losses from 58 00:03:08,560 --> 00:03:12,280 Speaker 1: loans tied to subprime auto lender tri Color holdings. So 59 00:03:12,360 --> 00:03:16,920 Speaker 1: other banks are involved in that mess. Is basically JP Morgan, Barclay. 60 00:03:16,960 --> 00:03:20,600 Speaker 1: So these are no names that are involved in this, 61 00:03:20,720 --> 00:03:23,280 Speaker 1: so this seems to be quite a big loss because 62 00:03:23,360 --> 00:03:26,720 Speaker 1: two hundred million just for fifth third in terms of impairment, 63 00:03:27,080 --> 00:03:28,800 Speaker 1: so imagine how much it's going to be for the 64 00:03:28,800 --> 00:03:29,280 Speaker 1: other banks. 65 00:03:30,320 --> 00:03:34,360 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 66 00:03:34,440 --> 00:03:37,000 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:37,080 --> 00:03:40,160 Speaker 2: making news on Wall Street and for the latest market 68 00:03:40,200 --> 00:03:44,680 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 69 00:03:44,760 --> 00:03:48,240 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 70 00:03:48,320 --> 00:03:49,800 Speaker 2: the Bloomberg Business app.