Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 1: Let's see where some individual stocks are moving today. We
Speaker 1: can do that with Bloomers. Christina Quino, Christine, what are
Speaker 1: you looking at all, right, Paul, Let's take a look
Speaker 1: at Trucker's JB Hunt this morning reporting their result, and
Speaker 1: that seems to be voting well for the stock so
Speaker 1: ticker JBHD. Those shares are now up more than seven
Speaker 1: percent and we were set for record clothes last time
Speaker 1: I look. So looks like that's powering ahead as well.
Speaker 1: And that is because again earnings for the first quarter
Speaker 1: beating estimates here both on EPs and sales, and Bloomberg
Speaker 1: Intelligence weighing in really showing that the results apparently is
Speaker 1: an encouragement for the outlook for freight markets more broadly,
Speaker 1: even though a prolonged freight recovery may not be linear,
Speaker 1: especially because of the headmands that we've seen in the
Speaker 1: first quarter, but least this set of results for the
Speaker 1: first quarter for JB Hunt really doing well for the
Speaker 1: shares here.
Speaker 2: I worked on that IPO way way way back in
Speaker 2: the day, Lowell, Arkansas spent some time there. Why did
Speaker 2: that company to go public.
Speaker 1: In the eighties, So it was it was a while ago.
Speaker 2: It was I don't have to look up, we don't
Speaker 2: love it. Got my first truck truck trucking ride, riding
Speaker 2: a big truck that was eighty three.
Speaker 1: Yeah, yes, And then they came and did a falling
Speaker 1: offering I think in eighty seven, which I was on.
Speaker 1: So that thought that was a cool thing to do,
Speaker 1: riding the truck.
Speaker 2: So all right, what else you for?
Speaker 1: All right, let's take it like a Schwab as well,
Speaker 1: reporting earnings to but not doing too well for those shares,
Speaker 1: So took her scchw swap shares now down more than
Speaker 1: four percent, and that is because first quarter revenue missing estimates.
Speaker 1: They did have their total new assets rising five point
Speaker 1: seven percent to more than one hundred and thirty nine
Speaker 1: billion dollars and net income also beating estimates, but again
Speaker 1: that revenue miss is what's weighing on the stock today.
Speaker 1: So Schwab apparently also reported a thirty nine percent increase
Speaker 1: in daily average trades in March compared with the year earlier.
Speaker 1: That's probably a reflection of a lot of you know,
Speaker 1: retail investors wanting to take advantage of the market volatility
Speaker 1: last month. And apparently they're potentially looking at launching a
Speaker 1: prediction markets kind of product to compete with other companies
Speaker 1: such as Robhoods. Of course they are, but CEO Rickwerzer
Speaker 1: does say that they will probably stay away from allowing
Speaker 1: customers to place wagers on sports or pop culture. Ah okay,
Speaker 1: but even though sports football market so no fun stuff,
Speaker 1: no fun stuff.
Speaker 2: Well, we'll see how that will plays out.
Speaker 1: It's something that Carol Masser and Tim Cenovic will be
Speaker 1: discussing with the.
Speaker 2: CEO of Rick of Schwab, Charles Schwab.
Speaker 1: That is Rick Wearszer will be on Bloomberg BusinessWeek today
Speaker 1: into two pm hour.
Speaker 2: Yeah, looking ahead to that one.
Speaker 1: All right, last talk, let's take a look at Abbott
Speaker 1: Labs as well. So to car ABT those shares extending
Speaker 1: your clients now down more than four point eight percent,
Speaker 1: also innings related, of course, and we did get that
Speaker 1: stocks lighting to the lowest levels is twenty twenty three
Speaker 1: on an intra day basis. That is because the firm
Speaker 1: did cut its adjusted earnings per share guidance for to
Speaker 1: full year, even though they're adjusted first quarter EPs and
Speaker 1: net income beat, but analysts of course focusing on the
Speaker 1: more disappointing forward guidance there, and they're also focusing in
Speaker 1: particular at some disappointment related to the company's performance in devices,
Speaker 1: particularly in the diabetes space. So that's what we got
Speaker 1: a little bit of a backfoot on those shares today.
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