WEBVTT - Intel Turns Lower; Oracle Declines; Canada Goose Tumbles

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

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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

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<v Speaker 1>I'm Tim Stanebeck along with Carol Masser. Let's take a

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<v Speaker 1>look at some stocks on the move today. With us

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<v Speaker 1>is Bloomberg News Markets Live strategist Tatiana Dare with today's

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<v Speaker 1>stock movers. Say, Tatiana, what's on your radar?

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<v Speaker 3>Let's start with Intel, because what a sharp turnaround? What

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<v Speaker 3>is sharp reversal for this stock? For what really was

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<v Speaker 3>a blowout report? Right, earnings double the forecast, guidance above expectations,

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<v Speaker 3>sales for the AI data center segment surging sixty percent,

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<v Speaker 3>all around good news, CEO saying demand for CPOs is

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<v Speaker 3>taking off. Well, the investors are not really rewarding that,

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<v Speaker 3>and you have to ask, you serve why And then

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<v Speaker 3>you sort of zoom out the chart and you see

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<v Speaker 3>that the shares price has absolutely gone parabolical this year, right,

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<v Speaker 3>and that set expectations very very high, obviously, and we

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<v Speaker 3>looked among other AI giants. It's valuation, it's actually the

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<v Speaker 3>highest among some of the big AI players, and forward

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<v Speaker 3>ps have doone more than one hundred percent, or rather

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<v Speaker 3>more than one hundred just last month. So that just

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<v Speaker 3>tells you how hard the earnings bar for this company

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<v Speaker 3>is and why explosive price gains can be problematic. Yeah,

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<v Speaker 3>I mean, it's an unbelievable story in terms of Intel, right,

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<v Speaker 3>and we continue to keep an eye on it. All Right,

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<v Speaker 3>So there's Intel. Let's go to another tech name that

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<v Speaker 3>we talk about a lot, Oracle tickers o RCL Oracle

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<v Speaker 3>shares down three percent. They're also on good news. The

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<v Speaker 3>company got a ten year software deal with the Pentagon.

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<v Speaker 3>The contract valued at over three billion for the first

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<v Speaker 3>five years. Over seven of options are exercise. And this

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<v Speaker 3>is a company that can certainly use some good news

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<v Speaker 3>given its ep under document down here and this week. Yeah,

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<v Speaker 3>and thirty eight there just year to date and heavily underperforming,

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<v Speaker 3>you know, the Magnificent seven and the market. But it

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<v Speaker 3>looks like this Doctors got dragged into this broader tech

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<v Speaker 3>route and the fact that it is actually underperforming the

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<v Speaker 3>Magnificent seven today and the software baskets which are all

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<v Speaker 3>higher slightly tells you that this is all about the

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<v Speaker 3>health of those balance sheets. It's all about the cost

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<v Speaker 3>of AI spending, which is really really concerning investors.

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<v Speaker 1>I mean's a little while if you just look at

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<v Speaker 1>the one year chart for this company, Carol, you and

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<v Speaker 1>I were on the beach when Oracle reported results last September.

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<v Speaker 1>We're on the beach for work, yeah, Honeyton, right, you're

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<v Speaker 1>in Huntington beach, and shares spiked up to three hundred

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<v Speaker 1>and twenty four dollars a share. They're down now to

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<v Speaker 1>one hundred and sixteen dollars a share, down sixty four

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<v Speaker 1>percent from then.

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<v Speaker 3>Yeah, it's unbelievable bouncing around here. But it's a story

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<v Speaker 3>that we've been talking about a lot, certainly when it

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<v Speaker 3>comes to the SaaS company and so on. Right, well,

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<v Speaker 3>they're more like, yeah, yeah.

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<v Speaker 1>Well it's also aspect. And there's the debt question too,

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<v Speaker 1>the debt questions. Okay, all right, One thing you don't

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<v Speaker 1>need on the beach is a parka from Canada Goose exactly.

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<v Speaker 3>That costs one thousand dollars too, exactly, the maker of

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<v Speaker 3>those parkers, Canada Goose, down about four percent here after

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<v Speaker 3>a downgrade from Williams Trading to sell anticipating a great

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<v Speaker 3>risk related to President Trump's fifty percent tariffs on some

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<v Speaker 3>Canada goods that is expected to come into play here

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<v Speaker 3>in August. The analyst there is concerned that the company

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<v Speaker 3>might pull forward guidance because of that risk, noting that

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<v Speaker 3>over twenty twenty five percent of its revenue come from

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<v Speaker 3>the US, so it's a great risk for revenue. Well,

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<v Speaker 3>for what it's worth, the company did a guide for

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<v Speaker 3>load single digit growth in May, so at least we

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<v Speaker 3>have that and as reporting next week, so we will

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<v Speaker 3>find out. But those the tariff questions started to come

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<v Speaker 3>back for some of these company's pretty particularly acute for

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<v Speaker 3>the likes of Canadia.

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<v Speaker 1>Those jackets are made in Canada.

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<v Speaker 3>Yep, that's why they called Canada Goose the Windard jackets.

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<v Speaker 2>By the we're already out.

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<v Speaker 3>At Bloomingdale, so I'm just kidding me. The bathing suits,

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<v Speaker 3>I'm a little confused.

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<v Speaker 1>I think there are some companies that we know have

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<v Speaker 1>different names that are where they're named, you know, where

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<v Speaker 1>the products are made outside of the US. Okay, but

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<v Speaker 1>this one actually made like remember President Trump's ties.

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<v Speaker 2>Yeah, you're right, Oh wow, way back in the day.

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<v Speaker 3>Okay, that's a good memory there.

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