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Speaker 1: Bloomberg Audio Studios Podcasts, radio News.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: I'm Carol Masser along with Tim Stanevik. Let's take a

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Speaker 1: look at some stocks on the move today with us

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Speaker 1: as Bloomberg News Equities reporter Alexandra Semenova. Hey, let's start

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Speaker 1: with Coinbase.

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Speaker 3: Yeah, so that company got an upgrade today from analyst

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Speaker 3: at Bernstein. They lifted their price target on the company

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Speaker 3: to a street high of five hundred and ten dollars.

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Speaker 3: That actually applies a forty eight percent rally from yesterday's close.

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Speaker 3: Analyst expect that the company's revenue will more than double

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Speaker 3: by twenty twenty seven as it benefits from strong trading.

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Speaker 3: They also say that Coinbase is the most misunderstood company

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Speaker 3: in their crypto investment universe. Their shares have rallied forty

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Speaker 3: percent this month, of course, amid positive developments and legislation

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Speaker 3: on stable coins. If you look at the stock today,

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Speaker 3: it's up about one percent right now, pairing a bigger

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Speaker 3: gain along with the broader market of as much as

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Speaker 3: seven percent today, but still obviously an incredible run for

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Speaker 3: this company, and analyst very optimistic on what's ahead.

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Speaker 4: Coinbase COI n is the taker of one point two

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Speaker 4: percent as we speak. Go ahead, Carol, forty percent this year.

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Speaker 3: It's been quite irntable.

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Speaker 1: Yeah.

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Speaker 4: Yeah, FedEx, we got these numbers late yesterday.

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Speaker 3: Yeah. Not that good of a day for FedEx, and

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Speaker 3: obviously not a really good sign for the broader economy

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Speaker 3: because it is such a bell weather, especially in this

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Speaker 3: time when we're still trying to assess the impact of

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Speaker 3: trade policy. FedEx warns that its profit will be worse

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Speaker 3: than expected this quarter. It also declined to offer any

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Speaker 3: guidance on the rest of the year, citing all of

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Speaker 3: a sudden certainty about the impact of the global demand environment.

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Speaker 3: They cited the impact of President Donald Trump's trade war

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Speaker 3: that softening demand, and also US China shipments deteriorating sharply

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Speaker 3: in May, and are also still expect to be under pressure.

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Speaker 3: That stock down about three point five percent right now.

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Speaker 1: Yeah, and I'm looking at UPS also down about one

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Speaker 1: point one percent. They're not apples to apples, we know

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Speaker 1: that in terms of shipping companies, but both of them

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Speaker 1: I think have not been doing so well this year.

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Speaker 1: I think UPS is down twenty one percent year to date,

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Speaker 1: and you've got FedEx I think it is down about

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Speaker 1: twenty one percent as well.

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Speaker 3: So they really it's interesting. You wonder how much more

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Speaker 3: we read into it, right about what it's remarkable to

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Speaker 3: to see stocks broadly brush up against record highs, but

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Speaker 3: if you look underneath the surface to create individual bell weathers,

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Speaker 3: they're not showing very optimistic signs.

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Speaker 2: It's really smart.

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Speaker 4: Also kind of dovetails with what happens July ninth, when

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Speaker 4: we do have the expiration of this tariff pause for

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Speaker 4: many of the countries, and also with comments that we've

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Speaker 4: heard from Jpowell not just today and yesterday, but last

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Speaker 4: week with when are we going to start to see

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Speaker 4: the effects of tariffs? Yeah, well, we're starting to see

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Speaker 4: the effects of tariffs with some of these companies.

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Speaker 3: Yeah, some of these companies still declining to offer any

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Speaker 3: kind of guidance, and obviously earnings growth is so important

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Speaker 3: for the index to sustain these levels that we're at. All.

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Speaker 1: Right, so are you guys a serious kind of peren

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Speaker 1: a tricks person a cook up or copy I'm still.

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Speaker 4: Allowed to eat tricks. They haven't been Oh.

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Speaker 1: I don't know. That's a really good question. I don't

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Speaker 1: know if you mean in terms of the color stuff,

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Speaker 1: I don't know.

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Speaker 3: I think I still have them.

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Speaker 4: About talked about. This is because General Mills is one

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Speaker 4: of the stocks on your move today.

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Speaker 3: Yeah, that is another one that is really feeling the

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Speaker 3: impact of tariffs. It offered an outlook for the fiscal

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Speaker 3: year that fell below expectations. They projected a lower adjusted

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Speaker 3: profit as cautious consumers limit their grocery expenses. The company

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Speaker 3: also anticipates a volatile operating environment, saying that consumers will

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Speaker 3: be seeking valued pressured by tariffs. General Mills sees a

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Speaker 3: one percent to two percent hit on its cost of

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Speaker 3: goods from trade policy.

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Speaker 1: So you wonder, right, are they going to pass it

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Speaker 1: along to consumers or do they eat it and that

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Speaker 1: it hits into their cuts, into their margins.

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Speaker 3: We've seen so far that companies haven't done that. But

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Speaker 3: you know, once weroach this tariff deadline, what happens then

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Speaker 3: Cocoa puffs?

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Speaker 2: Cocoa puffs. I know.

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Speaker 4: Carol Masser is cheerios person every.

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Speaker 3: Morning, every day. Honey, honey out cheros are just the record.

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Speaker 1: Its supposed to be good for cholesterol. I don't really

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Speaker 1: have any major issues, but it's like it's supposed to

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Speaker 1: be a good thing to like kind of rein it in,

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Speaker 1: and you know what, I spill them all the time.

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Speaker 1: I'm just like a toddler.

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Speaker 3: They're like all over the that's the fun of it,

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Speaker 3: generating cereal.

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Speaker 4: It's really at the French fries, right, they offset the

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Speaker 4: French fries. You got French fries and cheios. It's all good.

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Speaker 4: Oh my god, oh my god.

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Speaker 2: The Stock Movers podcast 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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