Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romaine Bostik, and Katie Greyfell.
Speaker 3: We've also got some of our winners and gainers today.
Speaker 3: I was actually taking a look at Alta because that
Speaker 3: stock actually took a hit today. It was down about
Speaker 3: five percent. Reported first quarter results that beat the street,
Speaker 3: but shares fell. Some are saying that investors are focused
Speaker 3: on the modest increase to the company's full year earnings guide.
Speaker 3: And so again I think an example of a company
Speaker 3: where the bar was so high it just couldn't jump
Speaker 3: over that hurdle. Because for all intents and purposes, Alta's
Speaker 3: report was pretty solid, Isabelle.
Speaker 4: It really makes you think consumer sentiment is near historic
Speaker 4: lowis but stock market is at record high? So how
Speaker 4: do you reconcile those two very different stories? I mean,
Speaker 4: we're also seeing delinquencies across credit cards, auto loans, and mortgages.
Speaker 4: At what point does has become a broader market concern
Speaker 4: than like maybe just a financial household story.
Speaker 1: All right, well, let's take forget to some of the
Speaker 1: gainers and decliners here. Let's just take a look at
Speaker 1: the IMAP giving you a sense here of the individual
Speaker 1: sectors in the SMP five hundred here on this Wednesday afternoon,
Speaker 1: here you did see a bump up in the energy
Speaker 1: index that is the big bulk of the green there
Speaker 1: as a group up about one and a half percent,
Speaker 1: largely because of that bump up in oil prices. You
Speaker 1: saw also in the green consumer staples, also in the
Speaker 1: green healthcare, also in the green materials. Of course, not
Speaker 1: the type of sectors you want to see a bit
Speaker 1: of a defensive complexion with tech, the big red section
Speaker 1: of that circle there down about one and a half percent.
Speaker 4: Okay, so even if I'm seeing red on the screen,
Speaker 4: there are still some bright spots. I want to talk
Speaker 4: about the gainers. Maybe, let's versiscuss Medtronic Tecker MDT shares
Speaker 4: end of the day higher by five percent. This is
Speaker 4: a medical devices maker. They reported revenue for the fourth quarter.
Speaker 4: That's our past expectations. Analysts noted that the twenty twenty
Speaker 4: seven adjusted EPs guidance will be in focused during the
Speaker 4: earnings call. City said that revenue guidance exceeded expectations. EPs
Speaker 4: growth consistent with prior common terry EA. Let's also now
Speaker 4: go next to Mini Med. MMed shares are up by
Speaker 4: nearly sixteen percent. This is a diabetes device maker, so
Speaker 4: they reported fourth quarter net sales and a CGM attachment
Speaker 4: rate that's surpassed expectations. Many men also said it plans
Speaker 4: to commercialize du Well glucose key tone sensors with apputs.
Speaker 4: So I always look at diabetes stuff because for my
Speaker 4: family it's a matter of when you get it, not if.
Speaker 4: But anyway, moving on lasses, Navetas and VTS shares are
Speaker 4: up by nearly twenty percent. This is a semiconductor manufacturer,
Speaker 4: so lots of good news for this company. It has
Speaker 4: two buys, five holds, and one sell.
Speaker 1: There are a few things that we're watching here in
Speaker 1: the after hours of trade, waiting earnings out of Broadcom,
Speaker 1: the chip maker, as well as CrowdStrike. We're also waiting
Speaker 1: potentially for an updated S one filing out of SpaceX. Meanwhile,
Speaker 1: we are getting earnings out of five below. This is
Speaker 1: the discount retailer that had actually been round pretty hard
Speaker 1: into this earning sprint. The company is saying that In
Speaker 1: this fiscal first quarter, comp sales were up a phenomenal
Speaker 1: comp sales were up by twenty three percent. The street
Speaker 1: was looking for eighteen percent net sales one point twenty
Speaker 1: nine billion, the street looking for one point twenty two
Speaker 1: billion on average adjustedps, also beating it two dollars and
Speaker 1: twenty two cents a share. But here's your guidance going forward.
Speaker 1: The company's saying is look for comp sales on the
Speaker 1: full year basis of six percent to eight percent at
Speaker 1: the hot low end of that range is basically on
Speaker 1: the nose of what the street was expecting. Net sales
Speaker 1: a five point four billion to five point four eight
Speaker 1: billion dollars, which is a little bit wider than what
Speaker 1: they had previously guided for here, and adjusteddps of eight
Speaker 1: sixty five to nine oh five a share. So basically
Speaker 1: what you're looking at is a beat and raise quarter.
Speaker 1: But remember this is a stock that ed rally pretty
Speaker 1: hard into their earnings print here, So you see those
Speaker 1: shares down about eight percent. We'll dive a little bit
Speaker 1: deeper to see whether there's something else going on underneath
Speaker 1: the surface. Are alexis all right?
Speaker 3: I'm going to stick with the theme of down right
Speaker 3: now and give you some decliners on the day I
Speaker 3: spoke about Alta just a couple of moments ago. Want
Speaker 3: to shine a light on Global Payments. That stock in
Speaker 3: regular trading was down more than eight and a third percent.
Speaker 3: Some are saying that the stocks decline due to some
Speaker 3: street commentary suggesting second quarter estimates might need to be
Speaker 3: revised downward, but some analysts say those worries are overblown.
Speaker 3: Mizoo host Security sees the sell off on Global Payments
Speaker 3: as overdone. They're recommending investors use it as an opportunity
Speaker 3: to buy on weakness. The analysts, they're saying there's no
Speaker 3: reason to believe two Q guidance should be changing. They
Speaker 3: point to the fact that Global Payments CFO affirmed the
Speaker 3: outlook just a couple of weeks ago. And also, let's
Speaker 3: take a quick look at Palo Alto Networks as we
Speaker 3: wait for broad cooms or earnings to hit here after
Speaker 3: the bell, Palo Alto down more than five and a
Speaker 3: half percent in regular trading, despite the cybersecurity software maker
Speaker 3: providing delivering or rather delivering strong quarterly results the prior evening.
Speaker 3: This next day move may seem a bit odd given
Speaker 3: that the company did exceed expectatortions. All right, we've got
Speaker 3: Viva out with earnings. Let's let's see what Romain's got
Speaker 3: for us.
Speaker 1: All right, Well, let's actually go to CrowdStrike here, the
Speaker 1: cybersecurity company, where expectations are high after those earnings out
Speaker 1: of Palo Alto Networks yesterday. The company. I'm gonna actually
Speaker 1: start with the forecast here because this does appear to
Speaker 1: be moving the stock. So somebody says expect revenue for
Speaker 1: the full year five point nine to five point nine
Speaker 1: six billion dollars. That's a slight nudge up from its
Speaker 1: previous guidance of five point eight seven to five point
Speaker 1: nine three, so not a whole lot of movement. There
Speaker 1: are a similar story with regards to it's adjusted EPs
Speaker 1: number four eighty eight to four ninety six. The previous
Speaker 1: guidance was four seventy eight two four ninety Here for
Speaker 1: the most recent quarter. They did beat, but only by
Speaker 1: about three cents a share on the bottom line for
Speaker 1: EPs in its most recent fiscal quarter, and on the
Speaker 1: revenue side, a slight beat there one point three nine billion.
Speaker 1: The street was looking for one point three six billion there,
Speaker 1: so maybe not enough juice there to accommodate the run
Speaker 1: up that we had seen in those shares down about
Speaker 1: seven percent here in the after hour straight.
Speaker 3: Maybe and also it could be that Palo Alto saying
Speaker 3: today because it I mean, it is fifty percent year
Speaker 3: to date, so maybe some investors taking a little money
Speaker 3: off the table.
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