WEBVTT - CoreWeave Gains, Lennar Drops, Adobe Falls After CFO Departs

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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>Let's stick a look at some of the slaps on

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<v Speaker 1>the move today. We can do that with Bloomberg News.

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<v Speaker 1>Is Matt Griffin, Matt, what are you looking at today? Well,

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<v Speaker 1>of course, while there's one stock that we're all thinking about,

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<v Speaker 1>but it isn't trading yet, So another name I can

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<v Speaker 1>offer you instead is Adobe. Elsewhere in the tech complex.

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<v Speaker 1>This stock down about seven and a half percent after

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<v Speaker 1>the creative software company said it's chief financial officer would

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<v Speaker 1>depart on Monday. It's the second leadership leadership departure at

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<v Speaker 1>the company since the CEO announced his resignation earlier this year.

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<v Speaker 1>So that their CFO, Dan Dern is heading to Marvel,

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<v Speaker 1>the chipmaker, to take the same job. And you know,

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<v Speaker 1>Adobe gave good Resist's in a good outlook. However, at

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<v Speaker 1>the same time, investors want to see what their strategy

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<v Speaker 1>is for the age of AI. Stock's been beaten up

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<v Speaker 1>this year and whatever Core says is there's just going

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<v Speaker 1>to be an overhang here and tell there's new leadership

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<v Speaker 1>and until they articulate a clear strategy. So now that's

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<v Speaker 1>stock down about forty two percent this year. That's ticker

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<v Speaker 1>ADBE sounds good. What else? I've been looking at home

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<v Speaker 1>builder Lennar That stock down almost three percent after they

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<v Speaker 1>forecast deliveries for the third quarter, the missed estimates. It's

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<v Speaker 1>the same story that's been going on with home builders

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<v Speaker 1>for a while. Mortgad rates have climbed during the war

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<v Speaker 1>in Iran. You know, consumers are under pressure. They don't

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<v Speaker 1>want to make big purchases like homes. So that stock

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<v Speaker 1>ticker l E in also extending a decline, down about

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<v Speaker 1>ten percent this year.

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<v Speaker 2>Now, all right, how about Adobe?

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<v Speaker 1>Well, so the third one we could look at all

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<v Speaker 1>good Corey' ticker c r w V. That is a

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<v Speaker 1>stock you will be seeing more of because it is

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<v Speaker 1>joining the Nasdaq one hundred index. Prior to the open

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<v Speaker 1>on June twenty second, stock up about three percent. You know,

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<v Speaker 1>this inclusion in a major index like that brings in

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<v Speaker 1>a lot of passive buying can lift a stock. We

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<v Speaker 1>saw jumps earlier in Nebuoussteri Labs, Teradyne. Those are also

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<v Speaker 1>names that are joining one that isn't rallying is rocket Lab.

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<v Speaker 1>They're also joining the index. However, space stocks are plunging

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<v Speaker 1>in advance of the SpaceX trading debut today at SpaceX's

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<v Speaker 1>competitors or peers, i should say.

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

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