WEBVTT - Ulta Raises Outlook, HPE Declines, SoFi Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Carol Master along with Alexis Christophers. Let's get to

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<v Speaker 1>some of the stocks on the move this Thursday. Carmen

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<v Speaker 1>Rhinegy in the house. She's equities reporter and deputy team

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<v Speaker 1>leader for US Equities. Got to talk Alta. It is

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<v Speaker 1>rallying big time in the aftermarket.

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<v Speaker 3>Yeah, let's look at it. So this is ticker ULTA.

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<v Speaker 3>Shares of Alta are up about five point four percent

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<v Speaker 3>right now. So the company had quarterly earnings and it

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<v Speaker 3>raised its full year outlook and it also reported better

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<v Speaker 3>than expected results in the third quarter. So really, what

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<v Speaker 3>it looks like here is that consumers are definitely happy

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<v Speaker 3>to keep spending on cosmetics. And this can be, you know,

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<v Speaker 3>actually a really good sign in the economy, and it's

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<v Speaker 3>a place that people look at.

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<v Speaker 4>It's like smaller discretionary purchases.

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<v Speaker 3>So people are definitely still spending on these on these things,

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<v Speaker 3>and investors are happy about it, sending the shares up

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<v Speaker 3>in after hours.

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<v Speaker 1>Well, we did see the CEO also talk about consumers

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<v Speaker 1>remaining cautious, which has really been kind of I feel

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<v Speaker 1>like the watch word or.

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<v Speaker 5>Words from what kind of retailer you're talking about, if wait,

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<v Speaker 5>from Kroger on down right when the food companies, the

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<v Speaker 5>clothing companies. Although Abercrombie and Fitch yesterday had a really

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<v Speaker 5>nice earning situation, Dollar in.

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<v Speaker 3>General today too, So like we're seeing these pockets of

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<v Speaker 3>places where people are still.

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<v Speaker 4>Spending and willing to spend. And it looks looks like Alta.

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<v Speaker 1>The dollar general tells a really big story right when

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<v Speaker 1>they're doing well. It says how people are looking for bargains,

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<v Speaker 1>all right, So Alta it is definitely up five and

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<v Speaker 1>a half percent here in the aftermarket. Let's go to

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<v Speaker 1>HP also reported after the closing bell.

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<v Speaker 3>Yeah, so this is down about eight percent right now.

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<v Speaker 3>Give an outlook for sales in the current quarter that

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<v Speaker 3>was just a little bit shy of what Wall Street expected.

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<v Speaker 3>So basically they're saying revenue will be about nine billion.

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<v Speaker 3>Analysts we're expecting, you know, closer to ten billion. So

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<v Speaker 3>this is kind of an issue because it suggests that

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<v Speaker 3>the company isn't meeting some very high expectations for the

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<v Speaker 3>sales of AI servers. HB is definitely a name that's

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<v Speaker 3>gotten a boost from the AI trade so far this year,

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<v Speaker 3>and you know, that's something that investors have just become

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<v Speaker 3>sort of increasingly.

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<v Speaker 4>Cautious about going forward.

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<v Speaker 3>They really want to see the results the ROI return

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<v Speaker 3>on investment in the UAN.

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<v Speaker 5>That's just an example of like, hey, good is not

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<v Speaker 5>good enough. You need to just be spectacular.

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<v Speaker 4>Yeah, I think that we see a lot of that.

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<v Speaker 3>We're seeing that, you know, it's not just a beaten

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<v Speaker 3>raise isn't enough. You know, it has to really blow

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<v Speaker 3>earnings out of their water. And so then when you

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<v Speaker 3>if you fall a little bit short, I think investors

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<v Speaker 3>have been very swift to punish those stocks, especially if

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<v Speaker 3>they're a name that's had a big run this year.

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<v Speaker 4>I'm just going to pull up the year to debut

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<v Speaker 4>and so, yeah, you know, I was going to pull up.

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<v Speaker 4>It's down.

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<v Speaker 3>It definitely looks like it got hit in the sort

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<v Speaker 3>of draw down that we've seen from October, but it's

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<v Speaker 3>still up very you know, significantly since April at least

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<v Speaker 3>maybe about flat.

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<v Speaker 4>On the year.

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<v Speaker 3>So a lot of these names really just underwatch by investors,

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<v Speaker 3>and so we're seeing you know HP slip a little

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<v Speaker 3>bit here.

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<v Speaker 5>Yeah, So another after the bell company that's a little

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<v Speaker 5>bit smaller than HP, EU Praxis Precision. It's a medical company,

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<v Speaker 5>and I know that it's it's a smaller market cap,

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<v Speaker 5>smaller company. So like the volatility is greater. The stock

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<v Speaker 5>is up something like fifty four percent here in aftermarket.

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<v Speaker 5>What can you tell us?

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<v Speaker 3>So ticker p r a X. So basically it had

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<v Speaker 3>two things here. So it says that a study of

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<v Speaker 3>a medication I'm going to try to say relutrin.

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<v Speaker 5>You're grave, yeah, I oh, okay.

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<v Speaker 3>So basically this company does a lot of sort of

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<v Speaker 3>nervous system disorders, so this treats ES central nervous system disorder.

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<v Speaker 4>Was successful. And it also said that it has.

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<v Speaker 3>An NDA for another drug in the works to treat

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<v Speaker 3>essential trumer. So both of these things were really positive.

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<v Speaker 3>Shares are off their their hayes a little bit. It

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<v Speaker 3>looks like in post market up about fifteen percent of right,

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<v Speaker 3>they were up as much as fifty for after hours,

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<v Speaker 3>especially when the headlines about the NDA hit.

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<v Speaker 1>Yeah, and up about one hundred and forty seven percent

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<v Speaker 1>year to date, although almost fifteen percent of that float

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<v Speaker 1>is short, so just but it's you know, one of

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<v Speaker 1>these high flyers right when it comes to biotech.

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<v Speaker 5>And then not earnings but a share sale helping out

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<v Speaker 5>Sofi Technologies.

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<v Speaker 3>Yeah, so we're looking at Sofi ticker Sofi. It's actually

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<v Speaker 3>down about five and a half percent right now. So

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<v Speaker 3>it's seeking to raise one point five billion in the

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<v Speaker 3>share sale, working with Goldman Sacks.

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<v Speaker 4>Looking to offer shares.

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<v Speaker 3>For between twenty seven fifty to twenty eight fifty.

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<v Speaker 4>So right now, it's trading actually right about at that rate.

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<v Speaker 3>It's trading at about twenty eight dollars per share in

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<v Speaker 3>after hours, so it's a little bit of a discount

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<v Speaker 3>to Thursday's close, So it makes sense the stock would

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<v Speaker 3>be selling off a little bit here.

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<v Speaker 1>Why are they doing this vacation?

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<v Speaker 3>Yeah, and it says, let me see our reporting is

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<v Speaker 3>saying that it's enhancing capital position, new business opportunities, and

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<v Speaker 3>it looks like we've reached out, but don't immediately have

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<v Speaker 3>a response to request for comment.

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<v Speaker 1>Yeah, okay, it's interesting, right. Yeah, and it also says

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<v Speaker 1>that's a big sale, right, but it's looking to diversify

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<v Speaker 1>beyond lending into other products, so they're looking to raise

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<v Speaker 1>some money to like expand in terms of business, I'm

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<v Speaker 1>always curious about why they need, why they share sale,

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<v Speaker 1>and what they're looking to do. So yeah, it looks

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<v Speaker 1>like they're expanding their business.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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