Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tim Stanibek along with Carol Masson. We're joined by
Speaker 1: Bloomberg News Acuti's reporter Carmen Reinicky Carmen Lot moving in
Speaker 1: the after hours.
Speaker 3: Yeah, so let's get to those first. The top one
Speaker 3: that I'm looking at right now is actually ge Vernova,
Speaker 3: so tick her GeV shares are up six point eight percent.
Speaker 3: So the company doubled its dividend, said it was going
Speaker 3: to spend more money buying back shares than previously thought,
Speaker 3: and boosted earnings projections, which really looks to be as
Speaker 3: they're seeing soaring demand for electricity and data centers, so
Speaker 3: plugging right into the AI play. So basically, they said
Speaker 3: future earnings beyond twenty twenty eight to be between fifty
Speaker 3: two billion from forty five billion, and then they raised
Speaker 3: adjusted earnings as well, and they also said, okay, the
Speaker 3: quarterly dividend is going to fifty cents and they're going
Speaker 3: to spend between ten billion. So sorry, they're going to
Speaker 3: spend ten billion on share buybacks.
Speaker 1: What are you doing in twenty twenty eight, Carol.
Speaker 4: I have no idea.
Speaker 1: Do you know what you're doing?
Speaker 3: Kerman?
Speaker 1: I'm just blown away by these projections that like, hey,
Speaker 1: this is what we're going to be doing two years
Speaker 1: from now.
Speaker 4: I you know, it's pretty amazing. Well, it plays into
Speaker 4: this AI trade right in power graunds managing expectations I think,
Speaker 4: And yeah, exactly exactly, and the electricity demand that we
Speaker 4: are seeing is soaring globally. A lot of it has
Speaker 4: to do with AI and data centers. So ge Vernova,
Speaker 4: I mean it's a like ninety percent year to date.
Speaker 3: Yeah, it's had a really a really good ride, even
Speaker 3: just from twenty twenty four when it's spun out from
Speaker 3: General Electric.
Speaker 4: Yeah, yeah, that's done really well.
Speaker 1: Okay, what about Cracker.
Speaker 3: Barrel, Yeah, so one that is not doing so well
Speaker 3: in after hours ticker CBRL. It's down about nine percent
Speaker 3: right now. So the restaurant chain cut its sales out look,
Speaker 3: and it seems like what's happening is they're still seeing
Speaker 3: a lot of problems sort of struggling to recover from
Speaker 3: backlash over the logo change, the failed logo change excuse
Speaker 3: me that we saw earlier this year. So they're now
Speaker 3: seeing sales between three point two billion to three point
Speaker 3: three billion, and they previously saw sort of up to
Speaker 3: three and a half billion. So they're, yeah, they're still
Speaker 3: hurting from this, and they you know, they kind of
Speaker 3: like they changed it, they walked it back. Shares have
Speaker 3: really taken a hit.
Speaker 4: God, is that really the case?
Speaker 3: I mean, so the stock is down from July. It's
Speaker 3: down and incredible. I mean, it was over seventy dollars
Speaker 3: a share. Now it's you know, close to day at
Speaker 3: twenty seven. It's had a major hit. I also do
Speaker 3: wonder here though, if there's some just like casual dining
Speaker 3: pressures as well. You know, there's definitely you know, maybe
Speaker 3: some consumer stuff here, but you know, the logo is
Speaker 3: a reason that people might choose to eat somewhere else.
Speaker 4: Did you know that Overall's clad character was known as
Speaker 4: Uncle Herschel.
Speaker 1: No I thought it was old Timer.
Speaker 4: Apparently apparently it was known as Uncle Hershel.
Speaker 1: Okay, yes, sorry, Uncle Herschel not exactly old timer. No, okay,
Speaker 1: I'm going to find this. We're gonna let's move on
Speaker 1: all right, what else.
Speaker 4: Do you have for Yeah?
Speaker 3: So also looking at AeroVironment a va V is the
Speaker 3: ticker there. This is a drone maker. The stock is
Speaker 3: down four and a half percent right now. The company
Speaker 3: reported earnings per share that missed analyst estimates in the
Speaker 3: most recent quarter. Basically, they brought in forty four cents
Speaker 3: a share adjusted the estimate was seventy six cents. They
Speaker 3: also lowered their full year estimates for adjusted EPs and revenue.
Speaker 3: So this also could be a little bit of an
Speaker 3: impact from the federal shutdown that we're seeing a sort
Speaker 3: of pushing revenue into the second half.
Speaker 1: Okay, do we have twenty seconds for JP Morgan?
Speaker 3: We do, indeed, So this was one of the biggest
Speaker 3: stocks of the day that we were watching. It's ticker JPM.
Speaker 3: It fell four point seven percent, which is the worst
Speaker 3: since April fourth, you know, Liberation Day sell off. Basically,
Speaker 3: the bank anticipates spending one hundred and five billion next year,
Speaker 3: which is more than analysts thought, and the biggest driver
Speaker 3: is volume and growth related expenses. Marion Lake said this
Speaker 3: at a conference today. She also pointed to strategic investments
Speaker 3: and the structural consequence of inflation.
Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with
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