Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romaine Bostik, and Katie Greifel.
Speaker 3: All right, going back to the S and P five
Speaker 3: hundred most names in the index actually lower today, Kati,
Speaker 3: about three hundred and twenty nine, losing ground on this Wednesday,
Speaker 3: one hundred and seventy two to the pside two unchanged.
Speaker 4: Interesting because you did see a little bit more breath
Speaker 4: in a green direction. When it comes to the sector level,
Speaker 4: you had six sectors in the green. It was seven,
Speaker 4: but just flipped at the last moment here five in
Speaker 4: the red. In terms of what's leading this market, higher
Speaker 4: communication services, a lot of those games actually coming from
Speaker 4: Alphabet information Technology higher by about a percent as well.
Speaker 4: That is the big bright slice of green that you
Speaker 4: see on your screen. In terms of what didn't perform today,
Speaker 4: you until theies down about one point three percent, typically
Speaker 4: a defensive type of sector, So it makes sense financials
Speaker 4: and real estate also bringing up the rear.
Speaker 3: Carol, all right, lot's agreeing there, So let's go to
Speaker 3: some of the top gainers on my list today Ford
Speaker 3: got to mention Ford number one gainer in the S
Speaker 3: and P five hundred. That's stock up more than thirteen
Speaker 3: percent share surging in the biggest one day gains since
Speaker 3: March of twenty twenty. A bullish call from Morgan Stanley
Speaker 3: on the automaker to investor attention to the company's energy
Speaker 3: storage business not necessarily something we talk about a lot,
Speaker 3: but maybe we should. Here's what the Morgan Stanley analyst
Speaker 3: Andrew Percoco said. He said, we believe that there is
Speaker 3: a fairly high likelihood that Ford signs an energy storage
Speaker 3: system supply agreement with large commercial customers and potentially hyperscalers
Speaker 3: over the next few months. So playing into the AI trade.
Speaker 3: Keep in mind that Ford did do a deal with
Speaker 3: the Chinese battery technology behemoth Contemporary and Feriks Technology or
Speaker 3: CAATL and thet saying it is an underappreciated strategic competitive
Speaker 3: advantage for its energy storage business. I thought what was
Speaker 3: interesting is that he estimated that Ford Energy could be
Speaker 3: worth ten billion and sees opportunity for the valuation to
Speaker 3: approach that of Tesla Energy.
Speaker 1: So that's the same. This is kind of intriguing to
Speaker 1: me because this has always been the narrat I would
Speaker 1: say always, but it's been the narrative for a long
Speaker 1: time about Tesla, and it kind of makes you wonder
Speaker 1: why we didn't hear about this, not only for Ford,
Speaker 1: but even Gum, which also has similar capabilities.
Speaker 3: I agree with you, I feel like it's snuck up
Speaker 3: and why isn't it maybe talked about a little bit
Speaker 3: more right when Ford talks about earnings and so on
Speaker 3: and so forth. But anyway, investors noticing and the stock
Speaker 3: up more than thirteen percent just quick. I want to
Speaker 3: mention the semiconductor's space, because we did get a bounce back,
Speaker 3: certainly in the socks up about two and a half
Speaker 3: percent as a whole today on semiconductor, I believe it
Speaker 3: closed at a record today. That name on Semi was
Speaker 3: up about eleven percent. Sorry I couldn't see that, and
Speaker 3: so that one was charging a head pretty much at
Speaker 3: its best levels of the session, and I think it
Speaker 3: was a number two gainer in the Nasdaq one hundred.
Speaker 3: Yet Nvidia hire as well, up about two and a
Speaker 3: quarter percent, and then the socks up about two and
Speaker 3: a half percent. Shares in ship makers opticals photonics firms
Speaker 3: gaining a supply for global memory chips, key to of course,
Speaker 3: those AI buildouts, the infrastructure buildouts titans further, the sector
Speaker 3: also getting a boosts and videos. Jensen joined President Donald
Speaker 3: Trump on his visit to China.
Speaker 1: Any happened there? I thought he wasn't going. Now was going?
Speaker 3: I don't know. I guess here, I don't know.
Speaker 5: Yeah, you go to Alaska and you pick up Jensen?
Speaker 3: Yeah, anys the way it works. And Elon apparently right,
Speaker 3: although we've.
Speaker 1: Always gone yeah, don't you read our stories?
Speaker 6: Yeah?
Speaker 3: I do, But I think didn't Elon come out on
Speaker 3: social and say I was the only one who picked
Speaker 3: up in Alaska?
Speaker 1: I pay attention to what crosses the Bloomberg terminal.
Speaker 4: All right, that's your social media crossing.
Speaker 5: The Bloomberg terminal. Some notable decliners today.
Speaker 3: Thanks nicely done.
Speaker 5: I want to start with the shares of Dina Trace,
Speaker 5: the infrastructure software company, fell by eleven point four percent today.
Speaker 5: This after the company reported fourth quarter results that were
Speaker 5: actually better than I expected. It was the outlook for
Speaker 5: adjusted first quarter earnings that was slightly weaker. The stock
Speaker 5: getting hit today, down eleven point four percent, how about
Speaker 5: an IPO?
Speaker 4: How about it?
Speaker 6: How about it GMR Solutions, Oh maybe it says maybe not?
Speaker 6: How about it started trading today, down six point eight
Speaker 6: percent on the first day of trading. It's a KKR
Speaker 6: backed ambulance firm. Shares fell after a nine hundred and
Speaker 6: seventy doine million dollar raise and a downsized IPO in
Speaker 6: private placement of warrants. It's the largest provider of emergency
Speaker 6: medical services. It's got a market value of just about
Speaker 6: three billion dollars on based on outstanding shares listed in
Speaker 6: its filing. So once again, GMR Solutions, Inc. Falling six
Speaker 6: point eight percent today on its first day.
Speaker 1: And we're going to talk to the CEO a little
Speaker 1: bit later on the clothes.
Speaker 5: Oh okay, we'll ask about the performance.
Speaker 1: Yeah, it'll come up.
Speaker 3: What happened?
Speaker 5: This one's for Romaine boy, because I know that he's
Speaker 5: a big Birkenstock guy. Oh do you know that you
Speaker 5: can actually wear birkenstocks with suits if you're Romain Bostic?
Speaker 4: I don't think you can.
Speaker 1: I don't well you can. I'm not sure that's a
Speaker 1: good idea, but maybe that would help that actually boost
Speaker 1: their earnings and revenue, which of course, came in just
Speaker 1: a little bit light, Tim, I got to pave you away.
Speaker 5: From that romain. You just don't want me to talk
Speaker 5: about you.
Speaker 2: I don't.
Speaker 1: We got to get to Cisco. Those earnings crossing the
Speaker 1: wire right now. Those shares up about four percent in
Speaker 1: the after hours trade, despite the company actually cutting its
Speaker 1: full year revenue forecast. I'm going to start with the
Speaker 1: most recent quarter. In the third quarter, the company did
Speaker 1: beat on a just dps a dollar six. It did
Speaker 1: beat on revenue at fifteen point eight four billion, just slightly.
Speaker 1: The company says that for the fiscal fourth quarter, it
Speaker 1: sees revenue in a range of sixteen point seven to
Speaker 1: sixteen point nine billion dollars. That's above the fifteen point
Speaker 1: eight two billion that the street was looking for, a
Speaker 1: just dps range of one sixteen to one eighteen. That's
Speaker 1: well above what the street was looking for at one seven.
Speaker 1: Now here's the bugaboo when you sort of average that
Speaker 1: all out for the full year. The company now says
Speaker 1: that revenue will be in a range ascuse me, of
Speaker 1: sixty one point two billion to sixty one point seven billion,
Speaker 1: And that looks like that could come in a little
Speaker 1: bit light than what the street was looking for. Similar
Speaker 1: story on the EPs side four thirteen to four seventeen,
Speaker 1: with the average estimate being four sixteen.
Speaker 3: You know what's interesting too, looking at the commentary, five
Speaker 3: point three billion orders taken a year to date, raising
Speaker 3: expected fiscal year twenty six orders to nine billion dollars,
Speaker 3: up from five billion dollars. That seems like a big
Speaker 3: bump up.
Speaker 1: Yeah, yeah it is. I mean this is a company
Speaker 1: that obviously has found its products. I should say, have
Speaker 1: actually found a new lease on life, given the big
Speaker 1: infrastructure build out in the AI and the really the
Speaker 1: broader data center space year. And I think what everybody
Speaker 1: really wants to see and what should point out. I mean,
Speaker 1: we're in that fiscal fourth quarter right now, so they're
Speaker 1: basically providing full year guidance for a year that's almost
Speaker 1: sob I think the real question is what happens over
Speaker 1: the next couple of years with regards to the growth trajectory.
Speaker 5: Yeah, fourth quarter revenue forecast topping estimates fourth quarter are
Speaker 5: justin earnings per share four dollars and twenty seven cents
Speaker 5: to four dollars and twenty nine cents. This is the redhead.
Speaker 5: The customers are four dollars and sixteen cents. Fourth quart
Speaker 5: outlook above consensus. Third quarter services revenue coming in slightly
Speaker 5: below estimates, Katie.
Speaker 4: Yeah, and you can see shares now hired by about
Speaker 4: five percent after hours. It's going to be interesting to
Speaker 4: get to that earnings call expected at about four thirty.
Speaker 4: It's going to be particularly interesting to see what they
Speaker 4: say and what they're asked about memory prices. We know
Speaker 4: that when it comes to this record run that we're
Speaker 4: seeing for Cisco that you know Wall Street has highlighted,
Speaker 4: maybe memory prices is something that could spoil the party
Speaker 4: a little bit there. So definitely something to listen out for.
Speaker 2: Absolutely.
Speaker 1: Let's check in on the yield space real quick here
Speaker 1: and before we get back to what's been happening in
Speaker 1: the equity space here, all to talk today was about
Speaker 1: the longer end of the curve here. You had a
Speaker 1: thirty year Treasury auction today that basically came in at
Speaker 1: bid on a five point h four and change here.
Speaker 1: That was the highest that the Treasury Department had to
Speaker 1: offer to bidders since two thousand and seven. Believe it
Speaker 1: or not, you're getting paid five percent of your thirty
Speaker 1: year five percent on your twenty year your ten uere yield,
Speaker 1: they'll still camp out at four point four to seven.
Speaker 1: And take note of the shorter end at the curve,
Speaker 1: the part of course that Kevin Walsh and the fake
Speaker 1: controls that is lower on the day by about one
Speaker 1: basis point.
Speaker 3: Yeah, it kind of gets interesting, right when you compare
Speaker 3: that to maybe, you know, returns in terms of equities.
Speaker 3: So it certainly gets a fascinating to kind of watch
Speaker 3: this development. Hey, by the way, Cisco's up now more
Speaker 3: than nine percent here in the aftermarket, so quite a
Speaker 3: pop here.
Speaker 2: All right. That is a wrap up this stock Movers
Speaker 2: report from Bloomberg Radio. Check back with us throughout the
Speaker 2: day for the latest roundup of companies making news on
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