Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data. Let's
Speaker 2: get a look at some stocks on the move today
Speaker 2: with Bloomberg's Isabelle Lee.
Speaker 3: Hey, guys, we're looking at Crowdstrek first, So ticker there
Speaker 3: is CRWD. We see shares falling by around seven percent,
Speaker 3: So that's after the cybersecurity company posted disappointing first quarter
Speaker 3: subscription revenue, so it's second quarter sales forecast also underwhelmed,
Speaker 3: while an unchanged view on the full year revenue was
Speaker 3: seen as negative by some analysts. We have Evercore can
Speaker 3: Accord downgrading the stock. So Crowdstrek declined despite really beating
Speaker 3: earnings expectations. And again we see that investors are more
Speaker 3: focused on the forward outlook. So the company also reported
Speaker 3: annual recurring revenue for the quarter that was just in
Speaker 3: line with estimates. And of course, in May, recall that
Speaker 3: Crowdstrek announced that it would cut about five hundred employees
Speaker 3: and at that time shares dropped because Wall Street questioned
Speaker 3: whether companies move came from a place of weakness or
Speaker 3: strength so sometimes you feel like you just really can't
Speaker 3: please these investors.
Speaker 1: Well, ain't that the truth? Interesting too, because cybersecurity feels
Speaker 1: like a.
Speaker 3: Resilient place within the economy, but you know, maybe there's
Speaker 3: some individual issues there.
Speaker 1: Okay, let's also go to where my Dollar Tree. This
Speaker 1: is so interesting because the dollar stores really diverge on
Speaker 1: this exactly.
Speaker 3: So Dollar Tree DLTR, not to be confused with Dollar General,
Speaker 3: which is DG.
Speaker 1: We're talking about.
Speaker 3: Dollar Tree shares are falling almost ten percent because we
Speaker 3: have in the company warning investors that second quarter profit
Speaker 3: could be down as much as fifty percent from Marieogo
Speaker 3: and that's of course related to tire related costs. So
Speaker 3: we have Dollar Tree saying that the timing of expenses
Speaker 3: will weigh on adjusted EPs, and that includes a one
Speaker 3: hundred and forty five percent payout on levees because they
Speaker 3: have a lot of products coming from China. So Dollar
Speaker 3: Tree said they expect profits to quote re accelerate in
Speaker 3: the remainder of the year. But still the outlook, to
Speaker 3: Alex's point, really pales in comparison to its rival Dollar General,
Speaker 3: because on Tuesday, the stocks search to the most on
Speaker 3: record after raising its sales profit and guidance. So both
Speaker 3: are dollar chains, but they're different because Dollar General generates
Speaker 3: around eighty percent of sales from food and consumable goods.
Speaker 1: So this means that they're less reliant on importans.
Speaker 3: Dollar Tree gets just half of its revenue from these categories,
Speaker 3: making them more reliable on inputs. And add to that,
Speaker 3: most of their majority of their directly imported products are
Speaker 3: imported from China.
Speaker 1: And we know what's happening there in the tit for
Speaker 1: tat trade war. All right, what else we got, Snowflake?
Speaker 2: What do you get there?
Speaker 3: Snowflake is a different story because we're seeing some green there,
Speaker 3: but really just five tens of one percent. The ticker
Speaker 3: is snow Snow. So the stock is rising after UBS
Speaker 3: raised the stock to buy. They say that the company
Speaker 3: is early in the multi year data investment cycle, so
Speaker 3: the price target is now two hundred and sixty five dollars.
Speaker 3: That's up from two hundred and ten dollars. They also
Speaker 3: had a big summit and from that event, UBS said
Speaker 3: that they're becoming increase recently confident in the prospect that
Speaker 3: were just a few quarters away for this whole multi
Speaker 3: year enterprise. Evercore also said that there were no major
Speaker 3: financial updates. There were no major financial updates at the event, Yes,
Speaker 3: but it's clear that AI has hit a tipping point.
Speaker 3: And td coown also had good words. They said that
Speaker 3: Snowflake is bleaning into an accelerated product roadmap.
Speaker 1: So lots of good words there in the.
Speaker 3: Summit, which is I guess the best news you can
Speaker 3: ask for when you hold one.
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