WEBVTT - JB Hunt Climbs, Schwab Declines, Abbott Slides

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

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

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

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<v Speaker 1>Let's see where some individual stocks are moving today. We

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<v Speaker 1>can do that with Bloomers. Christina Quino, Christine, what are

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<v Speaker 1>you looking at all, right, Paul, Let's take a look

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<v Speaker 1>at Trucker's JB Hunt this morning reporting their result, and

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<v Speaker 1>that seems to be voting well for the stock so

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<v Speaker 1>ticker JBHD. Those shares are now up more than seven

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<v Speaker 1>percent and we were set for record clothes last time

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<v Speaker 1>I look. So looks like that's powering ahead as well.

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<v Speaker 1>And that is because again earnings for the first quarter

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<v Speaker 1>beating estimates here both on EPs and sales, and Bloomberg

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<v Speaker 1>Intelligence weighing in really showing that the results apparently is

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<v Speaker 1>an encouragement for the outlook for freight markets more broadly,

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<v Speaker 1>even though a prolonged freight recovery may not be linear,

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<v Speaker 1>especially because of the headmands that we've seen in the

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<v Speaker 1>first quarter, but least this set of results for the

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<v Speaker 1>first quarter for JB Hunt really doing well for the

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<v Speaker 1>shares here.

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<v Speaker 2>I worked on that IPO way way way back in

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<v Speaker 2>the day, Lowell, Arkansas spent some time there. Why did

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<v Speaker 2>that company to go public.

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<v Speaker 1>In the eighties, So it was it was a while ago.

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<v Speaker 2>It was I don't have to look up, we don't

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<v Speaker 2>love it. Got my first truck truck trucking ride, riding

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<v Speaker 2>a big truck that was eighty three.

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<v Speaker 1>Yeah, yes, And then they came and did a falling

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<v Speaker 1>offering I think in eighty seven, which I was on.

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<v Speaker 1>So that thought that was a cool thing to do,

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<v Speaker 1>riding the truck.

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<v Speaker 2>So all right, what else you for?

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<v Speaker 1>All right, let's take it like a Schwab as well,

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<v Speaker 1>reporting earnings to but not doing too well for those shares,

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<v Speaker 1>So took her scchw swap shares now down more than

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<v Speaker 1>four percent, and that is because first quarter revenue missing estimates.

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<v Speaker 1>They did have their total new assets rising five point

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<v Speaker 1>seven percent to more than one hundred and thirty nine

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<v Speaker 1>billion dollars and net income also beating estimates, but again

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<v Speaker 1>that revenue miss is what's weighing on the stock today.

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<v Speaker 1>So Schwab apparently also reported a thirty nine percent increase

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<v Speaker 1>in daily average trades in March compared with the year earlier.

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<v Speaker 1>That's probably a reflection of a lot of you know,

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<v Speaker 1>retail investors wanting to take advantage of the market volatility

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<v Speaker 1>last month. And apparently they're potentially looking at launching a

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<v Speaker 1>prediction markets kind of product to compete with other companies

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<v Speaker 1>such as Robhoods. Of course they are, but CEO Rickwerzer

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<v Speaker 1>does say that they will probably stay away from allowing

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<v Speaker 1>customers to place wagers on sports or pop culture. Ah okay,

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<v Speaker 1>but even though sports football market so no fun stuff,

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<v Speaker 1>no fun stuff.

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<v Speaker 2>Well, we'll see how that will plays out.

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<v Speaker 1>It's something that Carol Masser and Tim Cenovic will be

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<v Speaker 1>discussing with the.

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<v Speaker 2>CEO of Rick of Schwab, Charles Schwab.

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<v Speaker 1>That is Rick Wearszer will be on Bloomberg BusinessWeek today

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<v Speaker 1>into two pm hour.

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<v Speaker 2>Yeah, looking ahead to that one.

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<v Speaker 1>All right, last talk, let's take a look at Abbott

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<v Speaker 1>Labs as well. So to car ABT those shares extending

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<v Speaker 1>your clients now down more than four point eight percent,

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<v Speaker 1>also innings related, of course, and we did get that

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<v Speaker 1>stocks lighting to the lowest levels is twenty twenty three

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<v Speaker 1>on an intra day basis. That is because the firm

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<v Speaker 1>did cut its adjusted earnings per share guidance for to

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<v Speaker 1>full year, even though they're adjusted first quarter EPs and

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<v Speaker 1>net income beat, but analysts of course focusing on the

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<v Speaker 1>more disappointing forward guidance there, and they're also focusing in

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<v Speaker 1>particular at some disappointment related to the company's performance in devices,

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<v Speaker 1>particularly in the diabetes space. So that's what we got

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<v Speaker 1>a little bit of a backfoot on those shares today.

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

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