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 the 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 --> 00:00:21,279 Speaker 2: with Carol Master, Tim Stenebeck, Romain Bostik, and Scarlett Foo. 5 00:00:22,360 --> 00:00:26,280 Speaker 3: Pretty much broad based buying in today's session. Scarlett, we've 6 00:00:26,320 --> 00:00:29,080 Speaker 3: got four hundred and thirty names gaining ground on this Monday, 7 00:00:29,120 --> 00:00:30,960 Speaker 3: seventy one to the downside to unchanged. 8 00:00:31,040 --> 00:00:33,120 Speaker 4: Yeah, pretty lopsided there, and that's what you'll see in 9 00:00:33,120 --> 00:00:35,239 Speaker 4: the IMAP as well. There is one sector that did 10 00:00:35,280 --> 00:00:37,640 Speaker 4: finish in the red, and that is energy, down about 11 00:00:37,640 --> 00:00:41,000 Speaker 4: four tenths of one percent as crude oil declines about 12 00:00:41,000 --> 00:00:44,880 Speaker 4: one and a half percent. Certainly Brent did at least 13 00:00:45,040 --> 00:00:48,280 Speaker 4: in terms of the gainers, communications services and tech each 14 00:00:48,360 --> 00:00:51,599 Speaker 4: gaining more than two percent, Utilities also finishing up by 15 00:00:51,640 --> 00:00:53,040 Speaker 4: one and three quarters percent. 16 00:00:53,240 --> 00:00:55,440 Speaker 3: All right, guys, let's get to some of the individual gainers. 17 00:00:55,440 --> 00:00:57,760 Speaker 3: This one, in fact, the number one caater in both 18 00:00:57,800 --> 00:00:59,440 Speaker 3: the S and P five hundred and the Nasdaq one 19 00:00:59,520 --> 00:01:03,760 Speaker 3: hundred is IDXX. We're talking about Idex Labs soaring the 20 00:01:03,800 --> 00:01:06,560 Speaker 3: most intra day ever after posting a beat and raising 21 00:01:07,120 --> 00:01:10,720 Speaker 3: the quarter outlook. Fueled by demand of the company's companion 22 00:01:10,880 --> 00:01:14,560 Speaker 3: Animal division. So basically it's got these instruments. They do 23 00:01:14,680 --> 00:01:19,480 Speaker 3: cellular analysis at FET clinics, checks blood check some other things. 24 00:01:19,480 --> 00:01:21,880 Speaker 3: But anyway, that seemed to be some outperformance this time. 25 00:01:22,400 --> 00:01:26,320 Speaker 3: Animal division we call them pets. Sorry, this is what 26 00:01:26,400 --> 00:01:29,120 Speaker 3: happens when you read the press release. Yeah, stucks up 27 00:01:29,120 --> 00:01:31,360 Speaker 3: about sixty four percent year to date, but again up 28 00:01:31,400 --> 00:01:32,760 Speaker 3: twenty seven percent Matt. 29 00:01:32,880 --> 00:01:35,240 Speaker 5: In today's session, Wayfair, we just. 30 00:01:35,240 --> 00:01:38,040 Speaker 3: Talked with the chief financial officers stock up thirteen percent. 31 00:01:38,160 --> 00:01:41,600 Speaker 3: Online retailer reported second quarter results that were much stronger 32 00:01:41,640 --> 00:01:45,160 Speaker 3: than expected. Bi out saying that Wayfair is better than 33 00:01:45,160 --> 00:01:47,920 Speaker 3: expected results, suggests the worst is behind and the home 34 00:01:47,920 --> 00:01:51,240 Speaker 3: furnishing retailer may be on an upward trajectory. And then 35 00:01:51,280 --> 00:01:54,680 Speaker 3: got to mention Joeby Aviation up about nineteen percent, planning 36 00:01:54,680 --> 00:01:57,120 Speaker 3: to buy the helicopter ride shair business of Blade Air 37 00:01:57,160 --> 00:01:59,320 Speaker 3: Mobility for as much as one hundred and twenty five 38 00:01:59,360 --> 00:02:03,480 Speaker 3: million in style and cash. So some real big outperformers here, Matt. 39 00:02:03,760 --> 00:02:07,120 Speaker 6: All right, there are still some losers in today's market, 40 00:02:07,200 --> 00:02:11,560 Speaker 6: not huge ones. But Berkshire Hathaway is a giant company and. 41 00:02:11,760 --> 00:02:13,560 Speaker 5: A very widely held stock. 42 00:02:13,639 --> 00:02:17,440 Speaker 6: The Class B shares down right now you can see 43 00:02:17,639 --> 00:02:22,160 Speaker 6: only three percent, but it was at one point the 44 00:02:22,160 --> 00:02:25,280 Speaker 6: biggest inter day drop since May fifth. So Warren Buffett's 45 00:02:25,400 --> 00:02:27,760 Speaker 6: company took a three point eight billion dollar impairment on 46 00:02:27,800 --> 00:02:32,080 Speaker 6: its craft Hines steak and that was the big concern there. 47 00:02:32,200 --> 00:02:35,359 Speaker 6: By the way, craft Hines is also a separately traded company, 48 00:02:35,919 --> 00:02:39,560 Speaker 6: Berkshire owns I think twenty seven percent, but the shares 49 00:02:39,840 --> 00:02:44,480 Speaker 6: in craft Higns themselves also fell on Semiconductor was a 50 00:02:44,480 --> 00:02:47,160 Speaker 6: big loser today at one point, much bigger than the 51 00:02:47,160 --> 00:02:51,600 Speaker 6: losses we see now. Right now, well, fifteen sixteen percent 52 00:02:51,720 --> 00:02:56,880 Speaker 6: is pretty serious. Those shares down after the company reported 53 00:02:56,919 --> 00:03:00,519 Speaker 6: second quarter results. Revenue was slightly better than a expected, 54 00:03:00,560 --> 00:03:04,680 Speaker 6: but operating margin was under the consensus. Earnings and revenue 55 00:03:05,080 --> 00:03:09,079 Speaker 6: guided slightly above consensus. This according to a Truest analyst 56 00:03:09,280 --> 00:03:11,560 Speaker 6: who has a forty three dollars price target on the shares, 57 00:03:11,600 --> 00:03:15,440 Speaker 6: but they are not looking good today. And then Lion 58 00:03:15,480 --> 00:03:20,120 Speaker 6: Del Basle, which makes plastics essentially for a ton of 59 00:03:20,160 --> 00:03:25,440 Speaker 6: consumer and automotive products. Those shares down after another drop 60 00:03:25,480 --> 00:03:26,560 Speaker 6: on Friday. 61 00:03:27,400 --> 00:03:30,600 Speaker 5: They had twelve at least twelve analysts. 62 00:03:30,200 --> 00:03:37,040 Speaker 6: Cut their price target for Lion deel Basel, including Morgan 63 00:03:37,120 --> 00:03:41,000 Speaker 6: Stanley who said the stock sorry JP Morgan, who said 64 00:03:41,600 --> 00:03:43,960 Speaker 6: that the stock is going to trade sideways from here 65 00:03:44,000 --> 00:03:44,400 Speaker 6: on out. 66 00:03:44,440 --> 00:03:46,800 Speaker 5: It's a sixth day of declines. 67 00:03:47,040 --> 00:03:49,240 Speaker 1: All right. Let's check in on the yield space here, 68 00:03:49,240 --> 00:03:51,360 Speaker 1: because we talk about the phenomenal moves that we saw 69 00:03:51,440 --> 00:03:54,320 Speaker 1: in the equity market on Friday, we saw phenomenal moves 70 00:03:54,360 --> 00:03:57,320 Speaker 1: in the treasury space as well, on a price basis 71 00:03:57,600 --> 00:03:59,840 Speaker 1: the strongest day for treasuries all year long, in that 72 00:04:00,000 --> 00:04:02,760 Speaker 1: continued a little bit into today, particularly on the longer 73 00:04:02,840 --> 00:04:06,080 Speaker 1: end of the yield curve, prices moving higher, yields moving 74 00:04:06,120 --> 00:04:08,800 Speaker 1: lower three basis points on the long end of the curve, 75 00:04:08,880 --> 00:04:10,520 Speaker 1: the two year yield, the short end of the curve 76 00:04:10,720 --> 00:04:14,240 Speaker 1: sitting things out here, ticking higher US but only by 77 00:04:14,320 --> 00:04:15,520 Speaker 1: less than one basis point. 78 00:04:15,640 --> 00:04:17,720 Speaker 4: You look at the bond market today, it's like Friday 79 00:04:17,800 --> 00:04:20,760 Speaker 4: never happened. I mean, it's pretty remarkable how muted the 80 00:04:20,800 --> 00:04:23,800 Speaker 4: action is today. And we had a day on Friday 81 00:04:23,800 --> 00:04:26,520 Speaker 4: where bad news, bad economic news, was interpreted as bad 82 00:04:26,560 --> 00:04:29,240 Speaker 4: news for the market. Today that bad news is being 83 00:04:29,360 --> 00:04:31,960 Speaker 4: interpreted is not necessarily bad news. 84 00:04:32,040 --> 00:04:34,080 Speaker 3: Yeah, I mean this is kind of you know where 85 00:04:34,120 --> 00:04:35,880 Speaker 3: we go, right, It goes back and forth. And then 86 00:04:35,880 --> 00:04:37,719 Speaker 3: there was a story right on the Bloomberg that talked 87 00:04:37,760 --> 00:04:41,280 Speaker 3: about all these Wall Street pros warning investors to get 88 00:04:41,320 --> 00:04:44,280 Speaker 3: ready for some kind of yeahps, I saw that, you know, so. 89 00:04:44,680 --> 00:04:46,560 Speaker 5: Dude, that was one of day to click send on 90 00:04:46,600 --> 00:04:49,280 Speaker 5: that story. The big take yesterday was like, yields are 91 00:04:49,279 --> 00:04:49,680 Speaker 5: going up. 92 00:04:49,720 --> 00:04:52,680 Speaker 6: Four fifty is the new normal, and meanwhile we're at 93 00:04:52,680 --> 00:04:55,400 Speaker 6: four twenty. I mean, yields are the most fascinating part 94 00:04:55,400 --> 00:04:57,440 Speaker 6: of this market because of the fact that you had 95 00:04:57,440 --> 00:05:00,360 Speaker 6: a huge rebound in stocks and we're still so far 96 00:05:00,480 --> 00:05:04,040 Speaker 6: down on the levels when it comes to bond yields. 97 00:05:03,720 --> 00:05:06,039 Speaker 1: And it gets to this idea sort of where we 98 00:05:06,120 --> 00:05:08,760 Speaker 1: see the next activity. Here, we should point out we 99 00:05:08,800 --> 00:05:11,440 Speaker 1: are awaiting several earnings after the bills tonight, including from 100 00:05:11,520 --> 00:05:14,880 Speaker 1: Hymns and Hers and from Palenteer. Palenteer just crossing the 101 00:05:14,920 --> 00:05:17,400 Speaker 1: wire right now that I'm going to start with the forecast. 102 00:05:17,480 --> 00:05:19,080 Speaker 1: The company is saying that for the full year it 103 00:05:19,120 --> 00:05:21,719 Speaker 1: sees revenue in a range a four point one four 104 00:05:21,760 --> 00:05:24,960 Speaker 1: to four point one five billion dollars. That's an increase 105 00:05:24,960 --> 00:05:27,400 Speaker 1: over the previous guide. INCID it had given of about 106 00:05:27,440 --> 00:05:32,200 Speaker 1: three point nine billion dollars on average on adjusted operating 107 00:05:32,240 --> 00:05:34,719 Speaker 1: profit one point nine to one billion to one point 108 00:05:34,839 --> 00:05:38,159 Speaker 1: nine to two billion, again raising the profit forecast up 109 00:05:38,200 --> 00:05:41,320 Speaker 1: from about one point seventy two billion dollars. I'm going 110 00:05:41,360 --> 00:05:43,599 Speaker 1: to go back to the quarter that just passed. That 111 00:05:43,680 --> 00:05:46,080 Speaker 1: was the second quarter. The company did beat on both 112 00:05:46,120 --> 00:05:48,880 Speaker 1: the top and the bottom line in that realm as well, 113 00:05:49,120 --> 00:05:52,000 Speaker 1: one billion dollars in revenue. Street was looking for nine 114 00:05:52,040 --> 00:05:55,160 Speaker 1: hundred and thirty nine million dollars. And on the EPs side, 115 00:05:55,160 --> 00:05:58,600 Speaker 1: the company Scarlett posting sixteen cents of share adjusted EPs. 116 00:05:58,600 --> 00:06:00,880 Speaker 1: The street on average was looking for fourteen. 117 00:06:01,160 --> 00:06:03,280 Speaker 4: All right, let's take a look at the earnings release. 118 00:06:03,480 --> 00:06:05,760 Speaker 4: The company talking about how this was a phenomenal quarter. 119 00:06:05,839 --> 00:06:09,159 Speaker 4: They're seeing the astonishing impact of AI leverage, and in 120 00:06:09,240 --> 00:06:13,599 Speaker 4: terms of the commercial business, revenue growth of ninety three 121 00:06:13,640 --> 00:06:16,760 Speaker 4: percent year over year, a revenue growth of forty eight 122 00:06:16,800 --> 00:06:19,400 Speaker 4: percent year over year as well, and they're looking at 123 00:06:19,400 --> 00:06:22,960 Speaker 4: third quarter revenue they're guiding it to fifty percent growth 124 00:06:23,200 --> 00:06:25,040 Speaker 4: year over year as well. I mean, these are massive 125 00:06:25,120 --> 00:06:27,240 Speaker 4: numbers when you look at it. Is it massive enough 126 00:06:27,279 --> 00:06:29,320 Speaker 4: to justify the games that we've seen so far, and 127 00:06:29,360 --> 00:06:31,799 Speaker 4: the initial answer at least seems to be yes, given 128 00:06:31,800 --> 00:06:33,240 Speaker 4: that the stock is up about one and a half 129 00:06:33,279 --> 00:06:34,360 Speaker 4: percent after our trade. 130 00:06:34,360 --> 00:06:36,240 Speaker 3: You know, it's interesting. We talked with our Mandeep seeing 131 00:06:36,279 --> 00:06:38,960 Speaker 3: Matt and I did earlier, and said he was focusing 132 00:06:39,040 --> 00:06:43,080 Speaker 3: on that commercial segment. He said anything below seventy percent 133 00:06:43,080 --> 00:06:46,280 Speaker 3: would be a miss, so they easily beat and when 134 00:06:46,320 --> 00:06:48,240 Speaker 3: it comes to that. But he also just talked about 135 00:06:48,440 --> 00:06:50,360 Speaker 3: you know, this one in terms of price to sales 136 00:06:50,440 --> 00:06:52,679 Speaker 3: and what we are seeing in terms of the ratio, 137 00:06:53,240 --> 00:06:56,440 Speaker 3: some real overvaluation. But at least initially it seems like 138 00:06:56,480 --> 00:06:59,039 Speaker 3: investors are okay with it, and the stock is up 139 00:06:59,040 --> 00:07:01,159 Speaker 3: about two point eight percent and here in the aftermarket. 140 00:07:01,360 --> 00:07:04,200 Speaker 6: Yeah, for the first time, US commercial revenue grew faster 141 00:07:04,240 --> 00:07:06,760 Speaker 6: than government revenue at ninety three percent you every year, 142 00:07:06,760 --> 00:07:10,600 Speaker 6: compared to fifty three percent. So massive number, massive release 143 00:07:10,680 --> 00:07:13,840 Speaker 6: there from Pallantier. We're also getting, as Romaine said, hymns 144 00:07:14,040 --> 00:07:15,920 Speaker 6: and hers earning right now. 145 00:07:16,320 --> 00:07:17,040 Speaker 5: Revenue in the. 146 00:07:17,000 --> 00:07:21,040 Speaker 6: Second quarter was five hundred and forty five million dollars. 147 00:07:21,080 --> 00:07:23,800 Speaker 6: The estimate was for five hundred and fifty two million dollars, 148 00:07:23,840 --> 00:07:27,239 Speaker 6: so missing on the revenue line. EPs in the second 149 00:07:27,320 --> 00:07:32,119 Speaker 6: quarter was seventeen cents versus six cents the same time 150 00:07:32,320 --> 00:07:33,200 Speaker 6: a year ago. 151 00:07:34,320 --> 00:07:35,880 Speaker 5: And then in terms of the. 152 00:07:35,800 --> 00:07:40,640 Speaker 6: Outlook, third quarter adjusted EBITDA sixty million dollars of seventy 153 00:07:40,880 --> 00:07:44,320 Speaker 6: the estimate was for seventy six point seven million, so missing. 154 00:07:44,720 --> 00:07:45,800 Speaker 5: There as well. 155 00:07:46,280 --> 00:07:50,560 Speaker 6: It's looking like it's going to be a down arrow 156 00:07:50,600 --> 00:07:53,640 Speaker 6: story if the outlook doesn't match what the street had. 157 00:07:53,640 --> 00:07:56,840 Speaker 6: And indeed, the stock is getting decimated in the after hours. 158 00:07:56,960 --> 00:08:00,200 Speaker 1: Yeah, you see him's down about ten percent here, one 159 00:08:00,200 --> 00:08:02,520 Speaker 1: of the biggest decliners in the after hours trade to 160 00:08:02,560 --> 00:08:06,120 Speaker 1: the upside though Pallenteer and Bio Marion was just reported earnings. 161 00:08:06,120 --> 00:08:08,480 Speaker 1: Those are your two biggest gainers. The third biggest gainer 162 00:08:08,680 --> 00:08:10,840 Speaker 1: that actually belongs to Axon this of course, is the 163 00:08:10,880 --> 00:08:14,600 Speaker 1: maker of tasers and other the defense products for the 164 00:08:14,600 --> 00:08:18,520 Speaker 1: police systems. Here, the company did report that net sales 165 00:08:18,560 --> 00:08:21,200 Speaker 1: did come in ahead of estimates. It does look like 166 00:08:21,240 --> 00:08:23,080 Speaker 1: the EPs came in a little bit light, but the 167 00:08:23,120 --> 00:08:26,280 Speaker 1: company guiding higher for its full year revenue forecast and 168 00:08:26,560 --> 00:08:28,720 Speaker 1: its full year ebit off forecasts, and that might be 169 00:08:28,720 --> 00:08:30,520 Speaker 1: a big part of the reason you're seeing a four 170 00:08:30,520 --> 00:08:32,559 Speaker 1: percent jump in the stock in the after hours. 171 00:08:32,280 --> 00:08:34,800 Speaker 4: Trade and just a quick mention here of Tanger as well. 172 00:08:34,880 --> 00:08:38,319 Speaker 4: The mall operator reporting let's see total revenue of one 173 00:08:38,360 --> 00:08:41,280 Speaker 4: hundred and forty point seven million dollars. Analysts were looking 174 00:08:41,320 --> 00:08:43,520 Speaker 4: for revenue of one hundred and thirty two point nine 175 00:08:43,559 --> 00:08:45,920 Speaker 4: million dollars, so that is a beat on that front. 176 00:08:45,960 --> 00:08:48,320 Speaker 4: It has also raised its full year twenty twenty five 177 00:08:48,480 --> 00:08:52,760 Speaker 4: guidance as well as for the FFO per share, the 178 00:08:52,920 --> 00:08:56,120 Speaker 4: reported number was fifty eight cents. That eats the Averageles 179 00:08:56,200 --> 00:08:57,640 Speaker 4: estimate by about two pennies. 180 00:08:59,120 --> 00:09:03,120 Speaker 2: This stock mover report from Bloomberg Radio. Check back with 181 00:09:03,200 --> 00:09:05,760 Speaker 2: us throughout the day for the latest roundup of companies 182 00:09:05,840 --> 00:09:08,960 Speaker 2: making news on Wall Street and for the latest market 183 00:09:09,000 --> 00:09:13,439 Speaker 2: moving headlines. 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