Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some of the stocks on the move today.
Speaker 2: A Paul Sweeney alongside Normal Linda and we're joined by
Speaker 2: Bloomberg's Needs us so, COVID they needs. What are you
Speaker 2: looking at? Let's start with Microsoft. It's been the big
Speaker 2: story of the morning, shares for sliding after The Information
Speaker 2: reported that the software maker has lowered expectations for getting
Speaker 2: business customers to spend money on AI. Now, just recently
Speaker 2: we said we have Microsoft's response. The company says it
Speaker 2: has not lowered sales quotas or targets for salespeople. Yet
Speaker 2: the stock is still down about one point seven percent.
Speaker 2: It fell as much as three percent in earlier trading,
Speaker 2: so definitely seeing.
Speaker 1: Some relief there.
Speaker 2: The ticker, of course as MSFT. The report says that
Speaker 2: several divisions of Microsoft will have lowered the quotas. There
Speaker 2: was one very interesting number, for example, for their product
Speaker 2: Calde Foundry. Salespeople had increased customer spending about fifty percent.
Speaker 2: In the last piece fiscal quarter, but fewer than one
Speaker 2: fifth of the salespeople actually met those targets. So now
Speaker 2: that goal is about twenty five percent growth, so they
Speaker 2: slashed it in house. Obviously, you don't have much information
Speaker 2: about how this is working on all the divisions, and
Speaker 2: Microsoft at the moment is saying it's not true, but
Speaker 2: it speaks to that question. Everyone has been asking, especially
Speaker 2: since October, about the price of all those deals that
Speaker 2: are happening all the time, and companies have been spending
Speaker 2: massively on chip servers other expenses, and investors are starting
Speaker 2: to punish some of that spending, or at least to
Speaker 2: look at it with a more cotient side. Yep, that's
Speaker 2: absolutely the case.
Speaker 1: What else we got we have?
Speaker 2: CrowdStrike shares are down about two percent. It's interesting because
Speaker 2: the Soultware Company has the pretty strong third quarter results. Anlysts,
Speaker 2: we're pretty excited about their annual recurring revenue number. That said,
Speaker 2: they're debating the outlook, so potentially we're seeing some of
Speaker 2: the downside from there. The ticker is CRWD. The company
Speaker 2: erased its fiscal twenty twenty six guidance, signaling resilient demand
Speaker 2: for the company's expanding portfoliotificial intelligence. Of course, this has
Speaker 2: been a big ear for cybersecurity. Corporations have been facing
Speaker 2: so much stread and another thing with the growth of
Speaker 2: AI is that those campaigns are getting more sophisticated, so
Speaker 2: companies are spending more and more. That said, ever Core
Speaker 2: said the results were solid and broadly consistent with last
Speaker 2: quarter narrative, but there is no meaningful upside surprise. So
Speaker 2: perhaps with the whole AI climate, that's why investors are
Speaker 2: not seeing being too euphoric about the stock. Yeah shares
Speaker 2: with that company up about forty seven percent of our
Speaker 2: year today.
Speaker 1: You've also got your eyes on Macy's.
Speaker 2: What's going on. It's an interesting case. The company sort
Speaker 2: in earlier training and now it's actually down. The ticker
Speaker 2: is m Shares the client after its profit forecast for
Speaker 2: the current quarter disappointed investors over showing a solid lead
Speaker 2: up to the holiday seasons. Despite posting better than expected results,
Speaker 2: the company pointed to potential for soft demand. We're seeing
Speaker 2: this kind of a case shape recovery again. They're seeing
Speaker 2: not so much remain from low income shoppers, but then
Speaker 2: the mid and upper income are stepping in. They've snapped
Speaker 2: the fashionable styles despite higher prices. That's what the company
Speaker 2: is saying. Macy has been increasing prices on some items
Speaker 2: because of obviously higher tires has been one big thing,
Speaker 2: and the company is up about thirty four percent this
Speaker 2: year before the earnings results, so it's been doing well.
Speaker 2: But today definitely some coshent from investors.
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