Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.
Speaker 1: Let's stick a look at some of the slaps on
Speaker 1: the move today. We can do that with Bloomberg News.
Speaker 1: Is Matt Griffin, Matt, what are you looking at today? Well,
Speaker 1: of course, while there's one stock that we're all thinking about,
Speaker 1: but it isn't trading yet, So another name I can
Speaker 1: offer you instead is Adobe. Elsewhere in the tech complex.
Speaker 1: This stock down about seven and a half percent after
Speaker 1: the creative software company said it's chief financial officer would
Speaker 1: depart on Monday. It's the second leadership leadership departure at
Speaker 1: the company since the CEO announced his resignation earlier this year.
Speaker 1: So that their CFO, Dan Dern is heading to Marvel,
Speaker 1: the chipmaker, to take the same job. And you know,
Speaker 1: Adobe gave good Resist's in a good outlook. However, at
Speaker 1: the same time, investors want to see what their strategy
Speaker 1: is for the age of AI. Stock's been beaten up
Speaker 1: this year and whatever Core says is there's just going
Speaker 1: to be an overhang here and tell there's new leadership
Speaker 1: and until they articulate a clear strategy. So now that's
Speaker 1: stock down about forty two percent this year. That's ticker
Speaker 1: ADBE sounds good. What else? I've been looking at home
Speaker 1: builder Lennar That stock down almost three percent after they
Speaker 1: forecast deliveries for the third quarter, the missed estimates. It's
Speaker 1: the same story that's been going on with home builders
Speaker 1: for a while. Mortgad rates have climbed during the war
Speaker 1: in Iran. You know, consumers are under pressure. They don't
Speaker 1: want to make big purchases like homes. So that stock
Speaker 1: ticker l E in also extending a decline, down about
Speaker 1: ten percent this year.
Speaker 2: Now, all right, how about Adobe?
Speaker 1: Well, so the third one we could look at all
Speaker 1: good Corey' ticker c r w V. That is a
Speaker 1: stock you will be seeing more of because it is
Speaker 1: joining the Nasdaq one hundred index. Prior to the open
Speaker 1: on June twenty second, stock up about three percent. You know,
Speaker 1: this inclusion in a major index like that brings in
Speaker 1: a lot of passive buying can lift a stock. We
Speaker 1: saw jumps earlier in Nebuoussteri Labs, Teradyne. Those are also
Speaker 1: names that are joining one that isn't rallying is rocket Lab.
Speaker 1: They're also joining the index. However, space stocks are plunging
Speaker 1: in advance of the SpaceX trading debut today at SpaceX's
Speaker 1: competitors or peers, i should say.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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