WEBVTT - Closing Bell: MiniMed Surges, Ulta Slips, CrowdStrike Beats Estimates

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is the closing bell on the stock mover's report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenoveck, Romaine Bostik, and Katie Greyfell.

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<v Speaker 3>We've also got some of our winners and gainers today.

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<v Speaker 3>I was actually taking a look at Alta because that

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<v Speaker 3>stock actually took a hit today. It was down about

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<v Speaker 3>five percent. Reported first quarter results that beat the street,

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<v Speaker 3>but shares fell. Some are saying that investors are focused

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<v Speaker 3>on the modest increase to the company's full year earnings guide.

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<v Speaker 3>And so again I think an example of a company

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<v Speaker 3>where the bar was so high it just couldn't jump

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<v Speaker 3>over that hurdle. Because for all intents and purposes, Alta's

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<v Speaker 3>report was pretty solid, Isabelle.

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<v Speaker 4>It really makes you think consumer sentiment is near historic

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<v Speaker 4>lowis but stock market is at record high? So how

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<v Speaker 4>do you reconcile those two very different stories? I mean,

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<v Speaker 4>we're also seeing delinquencies across credit cards, auto loans, and mortgages.

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<v Speaker 4>At what point does has become a broader market concern

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<v Speaker 4>than like maybe just a financial household story.

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<v Speaker 1>All right, well, let's take forget to some of the

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<v Speaker 1>gainers and decliners here. Let's just take a look at

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<v Speaker 1>the IMAP giving you a sense here of the individual

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<v Speaker 1>sectors in the SMP five hundred here on this Wednesday afternoon,

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<v Speaker 1>here you did see a bump up in the energy

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<v Speaker 1>index that is the big bulk of the green there

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<v Speaker 1>as a group up about one and a half percent,

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<v Speaker 1>largely because of that bump up in oil prices. You

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<v Speaker 1>saw also in the green consumer staples, also in the

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<v Speaker 1>green healthcare, also in the green materials. Of course, not

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<v Speaker 1>the type of sectors you want to see a bit

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<v Speaker 1>of a defensive complexion with tech, the big red section

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<v Speaker 1>of that circle there down about one and a half percent.

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<v Speaker 4>Okay, so even if I'm seeing red on the screen,

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<v Speaker 4>there are still some bright spots. I want to talk

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<v Speaker 4>about the gainers. Maybe, let's versiscuss Medtronic Tecker MDT shares

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<v Speaker 4>end of the day higher by five percent. This is

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<v Speaker 4>a medical devices maker. They reported revenue for the fourth quarter.

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<v Speaker 4>That's our past expectations. Analysts noted that the twenty twenty

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<v Speaker 4>seven adjusted EPs guidance will be in focused during the

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<v Speaker 4>earnings call. City said that revenue guidance exceeded expectations. EPs

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<v Speaker 4>growth consistent with prior common terry EA. Let's also now

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<v Speaker 4>go next to Mini Med. MMed shares are up by

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<v Speaker 4>nearly sixteen percent. This is a diabetes device maker, so

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<v Speaker 4>they reported fourth quarter net sales and a CGM attachment

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<v Speaker 4>rate that's surpassed expectations. Many men also said it plans

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<v Speaker 4>to commercialize du Well glucose key tone sensors with apputs.

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<v Speaker 4>So I always look at diabetes stuff because for my

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<v Speaker 4>family it's a matter of when you get it, not if.

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<v Speaker 4>But anyway, moving on lasses, Navetas and VTS shares are

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<v Speaker 4>up by nearly twenty percent. This is a semiconductor manufacturer,

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<v Speaker 4>so lots of good news for this company. It has

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<v Speaker 4>two buys, five holds, and one sell.

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<v Speaker 1>There are a few things that we're watching here in

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<v Speaker 1>the after hours of trade, waiting earnings out of Broadcom,

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<v Speaker 1>the chip maker, as well as CrowdStrike. We're also waiting

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<v Speaker 1>potentially for an updated S one filing out of SpaceX. Meanwhile,

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<v Speaker 1>we are getting earnings out of five below. This is

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<v Speaker 1>the discount retailer that had actually been round pretty hard

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<v Speaker 1>into this earning sprint. The company is saying that In

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<v Speaker 1>this fiscal first quarter, comp sales were up a phenomenal

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<v Speaker 1>comp sales were up by twenty three percent. The street

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<v Speaker 1>was looking for eighteen percent net sales one point twenty

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<v Speaker 1>nine billion, the street looking for one point twenty two

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<v Speaker 1>billion on average adjustedps, also beating it two dollars and

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<v Speaker 1>twenty two cents a share. But here's your guidance going forward.

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<v Speaker 1>The company's saying is look for comp sales on the

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<v Speaker 1>full year basis of six percent to eight percent at

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<v Speaker 1>the hot low end of that range is basically on

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<v Speaker 1>the nose of what the street was expecting. Net sales

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<v Speaker 1>a five point four billion to five point four eight

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<v Speaker 1>billion dollars, which is a little bit wider than what

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<v Speaker 1>they had previously guided for here, and adjusteddps of eight

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<v Speaker 1>sixty five to nine oh five a share. So basically

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<v Speaker 1>what you're looking at is a beat and raise quarter.

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<v Speaker 1>But remember this is a stock that ed rally pretty

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<v Speaker 1>hard into their earnings print here, So you see those

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<v Speaker 1>shares down about eight percent. We'll dive a little bit

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<v Speaker 1>deeper to see whether there's something else going on underneath

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<v Speaker 1>the surface. Are alexis all right?

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<v Speaker 3>I'm going to stick with the theme of down right

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<v Speaker 3>now and give you some decliners on the day I

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<v Speaker 3>spoke about Alta just a couple of moments ago. Want

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<v Speaker 3>to shine a light on Global Payments. That stock in

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<v Speaker 3>regular trading was down more than eight and a third percent.

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<v Speaker 3>Some are saying that the stocks decline due to some

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<v Speaker 3>street commentary suggesting second quarter estimates might need to be

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<v Speaker 3>revised downward, but some analysts say those worries are overblown.

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<v Speaker 3>Mizoo host Security sees the sell off on Global Payments

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<v Speaker 3>as overdone. They're recommending investors use it as an opportunity

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<v Speaker 3>to buy on weakness. The analysts, they're saying there's no

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<v Speaker 3>reason to believe two Q guidance should be changing. They

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<v Speaker 3>point to the fact that Global Payments CFO affirmed the

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<v Speaker 3>outlook just a couple of weeks ago. And also, let's

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<v Speaker 3>take a quick look at Palo Alto Networks as we

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<v Speaker 3>wait for broad cooms or earnings to hit here after

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<v Speaker 3>the bell, Palo Alto down more than five and a

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<v Speaker 3>half percent in regular trading, despite the cybersecurity software maker

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<v Speaker 3>providing delivering or rather delivering strong quarterly results the prior evening.

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<v Speaker 3>This next day move may seem a bit odd given

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<v Speaker 3>that the company did exceed expectatortions. All right, we've got

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<v Speaker 3>Viva out with earnings. Let's let's see what Romain's got

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<v Speaker 3>for us.

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<v Speaker 1>All right, Well, let's actually go to CrowdStrike here, the

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<v Speaker 1>cybersecurity company, where expectations are high after those earnings out

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<v Speaker 1>of Palo Alto Networks yesterday. The company. I'm gonna actually

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<v Speaker 1>start with the forecast here because this does appear to

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<v Speaker 1>be moving the stock. So somebody says expect revenue for

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<v Speaker 1>the full year five point nine to five point nine

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<v Speaker 1>six billion dollars. That's a slight nudge up from its

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<v Speaker 1>previous guidance of five point eight seven to five point

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<v Speaker 1>nine three, so not a whole lot of movement. There

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<v Speaker 1>are a similar story with regards to it's adjusted EPs

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<v Speaker 1>number four eighty eight to four ninety six. The previous

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<v Speaker 1>guidance was four seventy eight two four ninety Here for

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<v Speaker 1>the most recent quarter. They did beat, but only by

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<v Speaker 1>about three cents a share on the bottom line for

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<v Speaker 1>EPs in its most recent fiscal quarter, and on the

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<v Speaker 1>revenue side, a slight beat there one point three nine billion.

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<v Speaker 1>The street was looking for one point three six billion there,

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<v Speaker 1>so maybe not enough juice there to accommodate the run

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<v Speaker 1>up that we had seen in those shares down about

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<v Speaker 1>seven percent here in the after hour straight.

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<v Speaker 3>Maybe and also it could be that Palo Alto saying

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<v Speaker 3>today because it I mean, it is fifty percent year

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<v Speaker 3>to date, so maybe some investors taking a little money

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<v Speaker 3>off the table.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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