1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,600 --> 00:00:16,560 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,319 Speaker 2: with Carol Masser, Tim Stenebeck, Romain, Bostik, and Scarlet Food. 5 00:00:22,560 --> 00:00:25,680 Speaker 3: Two hundred and twenty six names gaining ground in today's 6 00:00:25,680 --> 00:00:28,160 Speaker 3: session two hundred and seventy six. Katie to the downside, 7 00:00:28,200 --> 00:00:29,000 Speaker 3: one unchanged. 8 00:00:29,160 --> 00:00:31,360 Speaker 4: Let's take a look at the sector level as well. 9 00:00:31,440 --> 00:00:33,879 Speaker 4: There was more red than green, but the green that 10 00:00:34,120 --> 00:00:37,519 Speaker 4: was was pretty notable. You had communication services as a 11 00:00:37,560 --> 00:00:41,400 Speaker 4: sector hired by three point eight percent. That is thanks 12 00:00:41,440 --> 00:00:43,519 Speaker 4: in a big way to Alphabet. You also have the 13 00:00:43,520 --> 00:00:46,600 Speaker 4: tech sector rallying as well. It's probably thanks to Apple. 14 00:00:46,640 --> 00:00:49,920 Speaker 4: Consumer Discretionary. Also in the green as to was staples 15 00:00:50,080 --> 00:00:53,680 Speaker 4: just slightly. What didn't too hot today? Energy down in 16 00:00:53,720 --> 00:00:56,000 Speaker 4: a big way as to was the industrial sector. 17 00:00:56,000 --> 00:00:57,680 Speaker 3: All right, guys, let's get to some of the individual 18 00:00:57,680 --> 00:01:00,560 Speaker 3: gainers as we await a batch of earnings. Top of 19 00:01:00,600 --> 00:01:03,920 Speaker 3: mine is certainly Alphabet, But let's go to Salesforce because 20 00:01:03,920 --> 00:01:04,839 Speaker 3: they're breaking yeah. 21 00:01:04,760 --> 00:01:07,760 Speaker 1: Sales solo sor right right now the ticker CRM, and 22 00:01:07,760 --> 00:01:09,840 Speaker 1: you're seeing the big move in the shares here. In 23 00:01:09,880 --> 00:01:12,160 Speaker 1: the after hours trade, the company says it's second quarter 24 00:01:12,400 --> 00:01:15,360 Speaker 1: sales did come in about two point two seven billion dollars. 25 00:01:15,520 --> 00:01:17,600 Speaker 1: That's only a smidge of what the street was expecting. 26 00:01:17,600 --> 00:01:20,760 Speaker 1: Two point twenty four was the average of analyst estimates. 27 00:01:20,760 --> 00:01:23,880 Speaker 1: The bottom line number EPs two dollars and ninety one 28 00:01:23,959 --> 00:01:26,679 Speaker 1: cents a share. That's up from two fifty six in 29 00:01:26,720 --> 00:01:28,919 Speaker 1: the year ago period. I need to take a closer 30 00:01:28,920 --> 00:01:31,040 Speaker 1: look to get you how that compares to the average 31 00:01:31,080 --> 00:01:33,679 Speaker 1: of analysts essments. But here's your guidance going forward. For 32 00:01:33,720 --> 00:01:36,440 Speaker 1: the current quarter, the company says three Q revenue ten 33 00:01:36,480 --> 00:01:38,960 Speaker 1: point twenty four billion to ten point twenty nine billion. 34 00:01:39,040 --> 00:01:41,440 Speaker 1: The street, on average was looking for ten point twenty 35 00:01:41,520 --> 00:01:43,240 Speaker 1: nine billion, so the top end of that range just 36 00:01:43,319 --> 00:01:46,280 Speaker 1: meeting the average of analysts essments. And for the full year, 37 00:01:46,319 --> 00:01:48,960 Speaker 1: guys forty one point one to forty one point three 38 00:01:49,000 --> 00:01:53,279 Speaker 1: billion dollars. That is slightly higher than its previous estimates, 39 00:01:53,320 --> 00:01:55,320 Speaker 1: or at least the low end of forty one point 40 00:01:55,680 --> 00:01:57,840 Speaker 1: zero to forty one point three. So it looks like 41 00:01:57,880 --> 00:02:00,840 Speaker 1: I'd met the most recent estimates for the second quarter, 42 00:02:00,880 --> 00:02:02,480 Speaker 1: but it looks like for the third quarter and for 43 00:02:02,600 --> 00:02:05,840 Speaker 1: the full year guiding relatively in line with estimates, with 44 00:02:05,840 --> 00:02:07,560 Speaker 1: a slight bias to the downside. 45 00:02:07,640 --> 00:02:09,560 Speaker 3: Yeah, you know, the stock's been under pressure this year 46 00:02:09,600 --> 00:02:11,880 Speaker 3: and investor is still not impressed. The stocks down about 47 00:02:11,880 --> 00:02:15,120 Speaker 3: five percent here in the after market, looking at Mark Bennioff, 48 00:02:15,160 --> 00:02:19,440 Speaker 3: the chair CEO of Salesforce, saying, we delivered an outstanding 49 00:02:19,520 --> 00:02:21,040 Speaker 3: quarter to close out the first half of the year. 50 00:02:21,120 --> 00:02:25,440 Speaker 3: Strong performance, it grows revenue, margin, cash flow. He says 51 00:02:25,440 --> 00:02:28,280 Speaker 3: he remains on track for fiscal twenty twenty six to 52 00:02:28,320 --> 00:02:30,680 Speaker 3: be a record year with nearly fifteen billion in operating 53 00:02:30,760 --> 00:02:32,960 Speaker 3: cash flow. But you know, we talked to Anna rog Rana, 54 00:02:33,040 --> 00:02:35,080 Speaker 3: who covers this company for our BI and he says, 55 00:02:35,120 --> 00:02:36,919 Speaker 3: you know, part of it is, you know, they kind 56 00:02:36,919 --> 00:02:38,480 Speaker 3: of need a little bit of a catalyst that a 57 00:02:38,480 --> 00:02:42,760 Speaker 3: lot of people in terms of their enterprise software spending 58 00:02:42,800 --> 00:02:46,079 Speaker 3: already have done it, and so maybe it's not until 59 00:02:46,120 --> 00:02:47,880 Speaker 3: twenty twenty six that we start to see some numbers 60 00:02:47,919 --> 00:02:49,880 Speaker 3: move in here. All right, So we're going to continue 61 00:02:49,880 --> 00:02:52,520 Speaker 3: to watch Salesforce, as we mentioned, under pressure here in 62 00:02:52,520 --> 00:02:55,959 Speaker 3: the aftermarket. As I mentioned Alphabet that was definitely a 63 00:02:55,960 --> 00:02:58,120 Speaker 3: opp performer, top name in the S and PN the 64 00:02:58,200 --> 00:03:01,040 Speaker 3: Nasdaq one hundred, again of about nine percent in today's session. 65 00:03:01,600 --> 00:03:04,120 Speaker 3: You know, the story broke late yesterday US anti trust 66 00:03:04,160 --> 00:03:07,359 Speaker 3: ruling not a severe as feared. Google will be required 67 00:03:07,840 --> 00:03:09,920 Speaker 3: to share online search data. But the big thing is 68 00:03:09,960 --> 00:03:11,760 Speaker 3: they're not going to be forced to sell off its 69 00:03:11,800 --> 00:03:14,880 Speaker 3: Chrome business. So definitely saw investors move into that. One 70 00:03:15,000 --> 00:03:18,160 Speaker 3: Another kind of offshoot of that ruling that benefit is 71 00:03:18,200 --> 00:03:21,600 Speaker 3: a company named Opera opr is the ticker of that 72 00:03:21,639 --> 00:03:24,240 Speaker 3: stock was up almost eleven percent in today's session. It's 73 00:03:24,240 --> 00:03:29,720 Speaker 3: a web browser company. They've got a relationship partnership with Google, 74 00:03:29,880 --> 00:03:33,800 Speaker 3: and so this company definitely benefiting as well, b Riley 75 00:03:33,880 --> 00:03:37,280 Speaker 3: saying it sees incremental positives for Opera given the likelihood 76 00:03:37,280 --> 00:03:41,240 Speaker 3: of status quo for their Opera Google Search partnership over 77 00:03:41,280 --> 00:03:43,440 Speaker 3: the medium term. So we definitely saw investors move into 78 00:03:43,440 --> 00:03:45,680 Speaker 3: some different names as a result of that ruling. Got 79 00:03:45,720 --> 00:03:49,200 Speaker 3: to mention Macy's twenty percent today's session, owner of Bloomy, 80 00:03:49,560 --> 00:03:53,400 Speaker 3: Bloomingdale's and Blue Mercury as well, jumping after the company 81 00:03:53,400 --> 00:03:55,760 Speaker 3: reported adjusted earnings per share for the second quarter that 82 00:03:55,800 --> 00:03:58,680 Speaker 3: beat estimates and they boosted their forecast for the full year. 83 00:03:58,800 --> 00:04:01,680 Speaker 3: Also posted the best comp sales growth in three years, 84 00:04:02,120 --> 00:04:04,840 Speaker 3: did warrnan of a fickle consumer? And I'm going to 85 00:04:04,840 --> 00:04:07,040 Speaker 3: skip my last one because I feel like I talked 86 00:04:07,160 --> 00:04:07,640 Speaker 3: enough today. 87 00:04:07,800 --> 00:04:10,120 Speaker 5: Yeah, no, Carol, you're doing great. But you know what, 88 00:04:10,160 --> 00:04:12,280 Speaker 5: if you want me to do decliners. 89 00:04:11,840 --> 00:04:13,400 Speaker 1: Carol, She's like she's turned over a new leaf. 90 00:04:14,000 --> 00:04:17,279 Speaker 5: This is what two weeks of vacation does. Yeah, I 91 00:04:17,320 --> 00:04:19,560 Speaker 5: want to start out with three stocks that are in 92 00:04:19,600 --> 00:04:21,760 Speaker 5: the s and P five hundred that led to the 93 00:04:21,800 --> 00:04:26,719 Speaker 5: declines today. Intuitive Surgical ISSRG down six percent today. Shares 94 00:04:26,720 --> 00:04:28,919 Speaker 5: tumbled int to day to their lowest level since April 95 00:04:28,960 --> 00:04:31,680 Speaker 5: after executives of the company gave cautious comments during a 96 00:04:31,720 --> 00:04:35,320 Speaker 5: presentation at the Wells Fargo Healthcare Conference earlier. You know them. 97 00:04:35,520 --> 00:04:38,960 Speaker 5: They make the Da Vinci surgical robot that is used worldwide. 98 00:04:38,960 --> 00:04:42,320 Speaker 5: The company's CFO said during the presentation that tariff impact 99 00:04:42,600 --> 00:04:45,440 Speaker 5: is expected to be higher in twenty twenty six. Also 100 00:04:45,440 --> 00:04:47,480 Speaker 5: said the gross margins for twenty twenty five will be 101 00:04:47,640 --> 00:04:50,680 Speaker 5: about sixty six percent. The company previously said they'd be 102 00:04:50,760 --> 00:04:54,240 Speaker 5: between sixty six and sixty seven percent, also saying the 103 00:04:54,240 --> 00:04:58,919 Speaker 5: company is seeking greater challenges when it comes to international markets. Also, 104 00:04:59,040 --> 00:05:02,600 Speaker 5: conco Phillips shares falling four point four percent. The company 105 00:05:02,880 --> 00:05:05,280 Speaker 5: plans to cut as much as a quarter of its 106 00:05:05,279 --> 00:05:08,520 Speaker 5: global workforce amid lower cruit prices and expectations of peaking 107 00:05:08,560 --> 00:05:12,039 Speaker 5: shell output. Katie head on over to Hewlett Packard Enterprise 108 00:05:12,080 --> 00:05:13,040 Speaker 5: because they're all the darnings. 109 00:05:13,240 --> 00:05:16,400 Speaker 4: Yeah, absolutely, HPE is your ticker. Here. Here is a 110 00:05:16,440 --> 00:05:20,839 Speaker 4: redhead on the Bloomberg terminal. Fourth quarter adjusted EPs fifty 111 00:05:20,920 --> 00:05:23,680 Speaker 4: six cents to sixty cents. The estimate had been for 112 00:05:23,920 --> 00:05:26,880 Speaker 4: fifty nine cents. So you can see a range there 113 00:05:27,160 --> 00:05:30,880 Speaker 4: being met with disappointment. Shares currently off about full percent. 114 00:05:30,960 --> 00:05:33,320 Speaker 4: They are four percent. Rather. They also see their full 115 00:05:33,400 --> 00:05:37,080 Speaker 4: year free cash flow about seven hundred million dollars. They 116 00:05:37,120 --> 00:05:40,880 Speaker 4: had seen about one billion dollars. The estimate had been 117 00:05:40,920 --> 00:05:43,440 Speaker 4: for one point three billion dollars. So a few different 118 00:05:43,440 --> 00:05:45,560 Speaker 4: things to pick out here. I will say the third 119 00:05:45,640 --> 00:05:48,400 Speaker 4: quarter adjusted EPs came in at forty four cents. The 120 00:05:48,480 --> 00:05:51,320 Speaker 4: estimate had been for forty three cents. But it's that 121 00:05:51,360 --> 00:05:55,479 Speaker 4: fourth cut quarter outlook that seems to be sinking shares 122 00:05:55,520 --> 00:05:56,200 Speaker 4: in the after hours. 123 00:05:56,279 --> 00:05:58,520 Speaker 3: Right now, Carol got another one sinking in the after hours. 124 00:05:58,520 --> 00:06:00,840 Speaker 3: We're talking about gitt Lab. It's down three percent here 125 00:06:00,880 --> 00:06:03,240 Speaker 3: in the after market. Let's go right to the outlook. 126 00:06:03,760 --> 00:06:06,600 Speaker 3: The company still sees fiscal revenue of about nine hundred 127 00:06:06,640 --> 00:06:08,760 Speaker 3: and thirty six million to nine hundred and forty two million. 128 00:06:08,760 --> 00:06:11,279 Speaker 3: The street estimate was for nine hundred and forty million, 129 00:06:11,640 --> 00:06:14,080 Speaker 3: So maybe there's some concerns about a little bit of 130 00:06:14,120 --> 00:06:17,839 Speaker 3: a wide gap, if you will, and maybe a little 131 00:06:17,880 --> 00:06:19,920 Speaker 3: bit more to the downside. Get Lab seas third quarter 132 00:06:20,000 --> 00:06:22,320 Speaker 3: revenue of two hundred and thirty eight to two hundred 133 00:06:22,360 --> 00:06:24,640 Speaker 3: and thirty nine million. The street estimate is two hundred 134 00:06:24,640 --> 00:06:26,919 Speaker 3: and forty one point five million, so that for the 135 00:06:26,920 --> 00:06:30,039 Speaker 3: third quarter is below what the street's been expecting. And 136 00:06:30,040 --> 00:06:31,960 Speaker 3: then let's go back to what they what happened in 137 00:06:31,960 --> 00:06:34,280 Speaker 3: the second quarter. Second quarter, just at EPs twenty four 138 00:06:34,320 --> 00:06:36,719 Speaker 3: cents of share, folks, that's a beat of about eight 139 00:06:36,800 --> 00:06:40,080 Speaker 3: cents of share. And then get lab second quarter revenue 140 00:06:40,120 --> 00:06:42,640 Speaker 3: two hundred and thirty six million also a beat two 141 00:06:42,760 --> 00:06:45,400 Speaker 3: hundred twenty seven point four million. But you can see 142 00:06:45,640 --> 00:06:47,320 Speaker 3: remain big hit in the aftermarket. 143 00:06:47,400 --> 00:06:48,960 Speaker 1: And I just want to point out too, because that 144 00:06:49,040 --> 00:06:51,160 Speaker 1: salesforce is actually dragging down a lot of the other 145 00:06:51,240 --> 00:06:53,039 Speaker 1: software socks, and there was a lot of concern coming 146 00:06:53,080 --> 00:06:55,680 Speaker 1: into this earning season about the durability in that space. 147 00:06:55,680 --> 00:06:57,960 Speaker 1: We're getting earnings out of Asana and Page Your Duty, 148 00:06:58,000 --> 00:07:00,000 Speaker 1: and we're awaiting earnings out of Figma, which of course 149 00:07:00,080 --> 00:07:01,920 Speaker 1: had been the darling. I should just point out those 150 00:07:01,960 --> 00:07:04,000 Speaker 1: yeares now down eight percent in the after hours trade, 151 00:07:04,000 --> 00:07:07,440 Speaker 1: though they have not reported roll results just yet. We're 152 00:07:07,440 --> 00:07:08,279 Speaker 1: still waiting on them. 153 00:07:08,320 --> 00:07:10,880 Speaker 5: I'm watching American Eagle Outfitters shares. They're surging in the 154 00:07:10,960 --> 00:07:14,200 Speaker 5: after hours, up nine percent as we speak. The company 155 00:07:14,520 --> 00:07:18,040 Speaker 5: out with second quarter net revenue that did beat estimates. 156 00:07:18,400 --> 00:07:21,440 Speaker 5: The company also noting that net revenue coming in at 157 00:07:21,440 --> 00:07:24,680 Speaker 5: one point two eight billion dollars that was beating estimates 158 00:07:24,680 --> 00:07:27,200 Speaker 5: of one point two to three billion dollars. Total stores 159 00:07:27,520 --> 00:07:30,640 Speaker 5: came in above estimates at one thousand and eighty five. 160 00:07:31,000 --> 00:07:36,800 Speaker 5: Also some commentary about recent high profile ad campaigns. Yeah, 161 00:07:36,880 --> 00:07:38,800 Speaker 5: from American Eagle. The fall season is off to a 162 00:07:38,840 --> 00:07:41,960 Speaker 5: positive start, fueled by stronger product offerings and the success 163 00:07:42,400 --> 00:07:45,840 Speaker 5: of recent marketing campaigns with Sydney Sweeney and Travis Kelcey. 164 00:07:45,880 --> 00:07:49,880 Speaker 5: We've seen an uptick in consumer awareness, engagement and comp. 165 00:07:49,640 --> 00:07:52,760 Speaker 3: Sales about the good genes, right, That's what. 166 00:07:52,680 --> 00:07:53,960 Speaker 5: They that's what the ads said. 167 00:07:54,000 --> 00:07:55,840 Speaker 1: Oh no, the good is yeah, I guess so. 168 00:07:57,400 --> 00:08:01,400 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 169 00:08:01,520 --> 00:08:04,080 Speaker 2: us throughout the day for the latest roundup of companies 170 00:08:04,120 --> 00:08:07,240 Speaker 2: making news on Wall Street and for the latest market 171 00:08:07,280 --> 00:08:11,760 Speaker 2: moving headlines. 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