WEBVTT - Closing Bell: Ford Soars, Nvidia 0:00:02.520 --> 0:00:07.000 Bloomberg Audio Studios, podcasts, radio news. 0:00:10.080 --> 0:00:13.520 This is the closing bell on the stock movers report 0:00:13.760 --> 0:00:16.720 the company's making moves at the close of US trading 0:00:16.880 --> 0:00:21.400 with Carol Masser, Tim Stenoveck, Romaine Bostik, and Katie Greifel. 0:00:22.239 --> 0:00:23.880 All right, going back to the S and P five 0:00:24.000 --> 0:00:27.360 hundred most names in the index actually lower today, Kati, 0:00:27.360 --> 0:00:30.400 about three hundred and twenty nine, losing ground on this Wednesday, 0:00:30.440 --> 0:00:32.800 one hundred and seventy two to the pside two unchanged. 0:00:33.040 --> 0:00:35.800 Interesting because you did see a little bit more breath 0:00:36.320 --> 0:00:38.880 in a green direction. When it comes to the sector level, 0:00:38.880 --> 0:00:42.360 you had six sectors in the green. It was seven, 0:00:42.400 --> 0:00:44.280 but just flipped at the last moment here five in 0:00:44.280 --> 0:00:46.920 the red. In terms of what's leading this market, higher 0:00:46.920 --> 0:00:50.240 communication services, a lot of those games actually coming from 0:00:50.400 --> 0:00:53.880 Alphabet information Technology higher by about a percent as well. 0:00:53.920 --> 0:00:57.120 That is the big bright slice of green that you 0:00:57.200 --> 0:00:59.840 see on your screen. In terms of what didn't perform today, 0:00:59.880 --> 0:01:02.800 you until theies down about one point three percent, typically 0:01:03.040 --> 0:01:05.720 a defensive type of sector, So it makes sense financials 0:01:05.760 --> 0:01:07.880 and real estate also bringing up the rear. 0:01:08.000 --> 0:01:10.360 Carol, all right, lot's agreeing there, So let's go to 0:01:10.800 --> 0:01:13.320 some of the top gainers on my list today Ford 0:01:13.360 --> 0:01:15.640 got to mention Ford number one gainer in the S 0:01:15.680 --> 0:01:18.480 and P five hundred. That's stock up more than thirteen 0:01:18.520 --> 0:01:22.200 percent share surging in the biggest one day gains since 0:01:22.319 --> 0:01:25.759 March of twenty twenty. A bullish call from Morgan Stanley 0:01:26.120 --> 0:01:28.919 on the automaker to investor attention to the company's energy 0:01:28.959 --> 0:01:32.000 storage business not necessarily something we talk about a lot, 0:01:32.040 --> 0:01:35.440 but maybe we should. Here's what the Morgan Stanley analyst 0:01:35.840 --> 0:01:38.840 Andrew Percoco said. He said, we believe that there is 0:01:38.880 --> 0:01:42.800 a fairly high likelihood that Ford signs an energy storage 0:01:42.840 --> 0:01:47.080 system supply agreement with large commercial customers and potentially hyperscalers 0:01:47.480 --> 0:01:50.200 over the next few months. So playing into the AI trade. 0:01:50.880 --> 0:01:52.960 Keep in mind that Ford did do a deal with 0:01:53.240 --> 0:01:57.480 the Chinese battery technology behemoth Contemporary and Feriks Technology or 0:01:57.560 --> 0:02:03.160 CAATL and thet saying it is an underappreciated strategic competitive 0:02:03.160 --> 0:02:05.960 advantage for its energy storage business. I thought what was 0:02:06.000 --> 0:02:09.160 interesting is that he estimated that Ford Energy could be 0:02:09.160 --> 0:02:11.799 worth ten billion and sees opportunity for the valuation to 0:02:11.840 --> 0:02:13.400 approach that of Tesla Energy. 0:02:14.440 --> 0:02:16.600 So that's the same. This is kind of intriguing to 0:02:16.639 --> 0:02:18.720 me because this has always been the narrat I would 0:02:18.720 --> 0:02:20.280 say always, but it's been the narrative for a long 0:02:20.320 --> 0:02:22.320 time about Tesla, and it kind of makes you wonder 0:02:22.360 --> 0:02:24.400 why we didn't hear about this, not only for Ford, 0:02:24.400 --> 0:02:26.559 but even Gum, which also has similar capabilities. 0:02:26.600 --> 0:02:28.240 I agree with you, I feel like it's snuck up 0:02:28.280 --> 0:02:29.920 and why isn't it maybe talked about a little bit 0:02:29.919 --> 0:02:33.000 more right when Ford talks about earnings and so on 0:02:33.040 --> 0:02:35.480 and so forth. But anyway, investors noticing and the stock 0:02:35.560 --> 0:02:37.800 up more than thirteen percent just quick. I want to 0:02:37.800 --> 0:02:40.320 mention the semiconductor's space, because we did get a bounce back, 0:02:41.040 --> 0:02:43.160 certainly in the socks up about two and a half 0:02:43.160 --> 0:02:47.640 percent as a whole today on semiconductor, I believe it 0:02:47.680 --> 0:02:51.360 closed at a record today. That name on Semi was 0:02:51.520 --> 0:02:56.040 up about eleven percent. Sorry I couldn't see that, and 0:02:56.080 --> 0:02:58.080 so that one was charging a head pretty much at 0:02:58.080 --> 0:03:00.280 its best levels of the session, and I think it 0:03:00.320 --> 0:03:03.360 was a number two gainer in the Nasdaq one hundred. 0:03:03.440 --> 0:03:05.919 Yet Nvidia hire as well, up about two and a 0:03:06.000 --> 0:03:07.560 quarter percent, and then the socks up about two and 0:03:07.600 --> 0:03:11.240 a half percent. Shares in ship makers opticals photonics firms 0:03:11.280 --> 0:03:14.359 gaining a supply for global memory chips, key to of course, 0:03:14.400 --> 0:03:17.919 those AI buildouts, the infrastructure buildouts titans further, the sector 0:03:17.919 --> 0:03:21.400 also getting a boosts and videos. Jensen joined President Donald 0:03:21.440 --> 0:03:22.520 Trump on his visit to China. 0:03:22.560 --> 0:03:24.840 Any happened there? I thought he wasn't going. Now was going? 0:03:24.960 --> 0:03:26.720 I don't know. I guess here, I don't know. 0:03:27.080 --> 0:03:29.680 Yeah, you go to Alaska and you pick up Jensen? 0:03:29.840 --> 0:03:32.840 Yeah, anys the way it works. And Elon apparently right, 0:03:33.040 --> 0:03:34.880 although we've. 0:03:34.600 --> 0:03:36.480 Always gone yeah, don't you read our stories? 0:03:36.560 --> 0:03:36.760 Yeah? 0:03:36.760 --> 0:03:38.880 I do, But I think didn't Elon come out on 0:03:38.920 --> 0:03:40.880 social and say I was the only one who picked 0:03:40.920 --> 0:03:41.480 up in Alaska? 0:03:41.680 --> 0:03:43.640 I pay attention to what crosses the Bloomberg terminal. 0:03:43.680 --> 0:03:46.520 All right, that's your social media crossing. 0:03:46.280 --> 0:03:48.720 The Bloomberg terminal. Some notable decliners today. 0:03:48.720 --> 0:03:50.600 Thanks nicely done. 0:03:50.720 --> 0:03:52.720 I want to start with the shares of Dina Trace, 0:03:52.760 --> 0:03:56.520 the infrastructure software company, fell by eleven point four percent today. 0:03:56.680 --> 0:03:58.880 This after the company reported fourth quarter results that were 0:03:59.200 --> 0:04:01.520 actually better than I expected. It was the outlook for 0:04:01.560 --> 0:04:05.240 adjusted first quarter earnings that was slightly weaker. The stock 0:04:05.800 --> 0:04:08.680 getting hit today, down eleven point four percent, how about 0:04:08.720 --> 0:04:09.240 an IPO? 0:04:10.040 --> 0:04:10.640 How about it? 0:04:10.720 --> 0:04:15.160 How about it GMR Solutions, Oh maybe it says maybe not? 0:04:15.240 --> 0:04:17.760 How about it started trading today, down six point eight 0:04:17.760 --> 0:04:20.240 percent on the first day of trading. It's a KKR 0:04:20.360 --> 0:04:24.080 backed ambulance firm. Shares fell after a nine hundred and 0:04:24.080 --> 0:04:26.960 seventy doine million dollar raise and a downsized IPO in 0:04:27.040 --> 0:04:30.800 private placement of warrants. It's the largest provider of emergency 0:04:30.960 --> 0:04:34.200 medical services. It's got a market value of just about 0:04:34.200 --> 0:04:37.159 three billion dollars on based on outstanding shares listed in 0:04:37.200 --> 0:04:39.800 its filing. So once again, GMR Solutions, Inc. Falling six 0:04:39.880 --> 0:04:41.560 point eight percent today on its first day. 0:04:41.640 --> 0:04:43.159 And we're going to talk to the CEO a little 0:04:43.160 --> 0:04:44.120 bit later on the clothes. 0:04:44.160 --> 0:04:47.200 Oh okay, we'll ask about the performance. 0:04:47.400 --> 0:04:48.320 Yeah, it'll come up. 0:04:48.480 --> 0:04:49.120 What happened? 0:04:49.720 --> 0:04:52.920 This one's for Romaine boy, because I know that he's 0:04:52.960 --> 0:04:56.240 a big Birkenstock guy. Oh do you know that you 0:04:56.240 --> 0:04:59.719 can actually wear birkenstocks with suits if you're Romain Bostic? 0:05:00.040 --> 0:05:01.039 I don't think you can. 0:05:01.320 --> 0:05:03.600 I don't well you can. I'm not sure that's a 0:05:03.600 --> 0:05:07.000 good idea, but maybe that would help that actually boost 0:05:07.240 --> 0:05:09.520 their earnings and revenue, which of course, came in just 0:05:09.560 --> 0:05:11.599 a little bit light, Tim, I got to pave you away. 0:05:11.400 --> 0:05:13.040 From that romain. You just don't want me to talk 0:05:13.040 --> 0:05:13.360 about you. 0:05:13.560 --> 0:05:13.839 I don't. 0:05:14.240 --> 0:05:16.160 We got to get to Cisco. Those earnings crossing the 0:05:16.160 --> 0:05:18.320 wire right now. Those shares up about four percent in 0:05:18.360 --> 0:05:21.240 the after hours trade, despite the company actually cutting its 0:05:21.279 --> 0:05:23.919 full year revenue forecast. I'm going to start with the 0:05:23.920 --> 0:05:26.200 most recent quarter. In the third quarter, the company did 0:05:26.240 --> 0:05:28.800 beat on a just dps a dollar six. It did 0:05:28.800 --> 0:05:31.919 beat on revenue at fifteen point eight four billion, just slightly. 0:05:32.120 --> 0:05:34.719 The company says that for the fiscal fourth quarter, it 0:05:34.760 --> 0:05:36.880 sees revenue in a range of sixteen point seven to 0:05:36.920 --> 0:05:40.240 sixteen point nine billion dollars. That's above the fifteen point 0:05:40.240 --> 0:05:42.320 eight two billion that the street was looking for, a 0:05:42.520 --> 0:05:45.479 just dps range of one sixteen to one eighteen. That's 0:05:45.520 --> 0:05:48.640 well above what the street was looking for at one seven. 0:05:49.000 --> 0:05:50.960 Now here's the bugaboo when you sort of average that 0:05:51.080 --> 0:05:53.680 all out for the full year. The company now says 0:05:53.720 --> 0:05:57.880 that revenue will be in a range ascuse me, of 0:05:57.920 --> 0:06:00.880 sixty one point two billion to sixty one point seven billion, 0:06:01.120 --> 0:06:02.880 And that looks like that could come in a little 0:06:02.880 --> 0:06:05.320 bit light than what the street was looking for. Similar 0:06:05.320 --> 0:06:08.320 story on the EPs side four thirteen to four seventeen, 0:06:08.360 --> 0:06:10.160 with the average estimate being four sixteen. 0:06:10.920 --> 0:06:13.039 You know what's interesting too, looking at the commentary, five 0:06:13.080 --> 0:06:16.440 point three billion orders taken a year to date, raising 0:06:16.640 --> 0:06:20.040 expected fiscal year twenty six orders to nine billion dollars, 0:06:20.120 --> 0:06:22.800 up from five billion dollars. That seems like a big 0:06:22.880 --> 0:06:23.360 bump up. 0:06:24.040 --> 0:06:26.080 Yeah, yeah it is. I mean this is a company 0:06:26.120 --> 0:06:28.360 that obviously has found its products. I should say, have 0:06:28.440 --> 0:06:31.039 actually found a new lease on life, given the big 0:06:31.080 --> 0:06:33.159 infrastructure build out in the AI and the really the 0:06:33.160 --> 0:06:35.800 broader data center space year. And I think what everybody 0:06:35.800 --> 0:06:37.560 really wants to see and what should point out. I mean, 0:06:37.560 --> 0:06:39.520 we're in that fiscal fourth quarter right now, so they're 0:06:39.560 --> 0:06:42.359 basically providing full year guidance for a year that's almost 0:06:42.400 --> 0:06:44.640 sob I think the real question is what happens over 0:06:44.680 --> 0:06:47.599 the next couple of years with regards to the growth trajectory. 0:06:47.720 --> 0:06:51.200 Yeah, fourth quarter revenue forecast topping estimates fourth quarter are 0:06:51.279 --> 0:06:53.720 justin earnings per share four dollars and twenty seven cents 0:06:53.760 --> 0:06:55.839 to four dollars and twenty nine cents. This is the redhead. 0:06:55.880 --> 0:06:59.960 The customers are four dollars and sixteen cents. Fourth quart 0:07:00.120 --> 0:07:04.560 outlook above consensus. Third quarter services revenue coming in slightly 0:07:04.720 --> 0:07:05.840 below estimates, Katie. 0:07:05.920 --> 0:07:07.800 Yeah, and you can see shares now hired by about 0:07:07.800 --> 0:07:10.040 five percent after hours. It's going to be interesting to 0:07:10.200 --> 0:07:13.200 get to that earnings call expected at about four thirty. 0:07:13.280 --> 0:07:16.080 It's going to be particularly interesting to see what they 0:07:16.160 --> 0:07:19.040 say and what they're asked about memory prices. We know 0:07:19.120 --> 0:07:21.480 that when it comes to this record run that we're 0:07:21.480 --> 0:07:25.080 seeing for Cisco that you know Wall Street has highlighted, 0:07:25.080 --> 0:07:28.080 maybe memory prices is something that could spoil the party 0:07:28.160 --> 0:07:30.600 a little bit there. So definitely something to listen out for. 0:07:30.920 --> 0:07:31.360 Absolutely. 0:07:31.440 --> 0:07:33.960 Let's check in on the yield space real quick here 0:07:33.960 --> 0:07:35.680 and before we get back to what's been happening in 0:07:35.720 --> 0:07:38.280 the equity space here, all to talk today was about 0:07:38.280 --> 0:07:40.720 the longer end of the curve here. You had a 0:07:40.720 --> 0:07:44.200 thirty year Treasury auction today that basically came in at 0:07:44.240 --> 0:07:47.040 bid on a five point h four and change here. 0:07:47.120 --> 0:07:49.520 That was the highest that the Treasury Department had to 0:07:49.520 --> 0:07:52.280 offer to bidders since two thousand and seven. Believe it 0:07:52.360 --> 0:07:54.120 or not, you're getting paid five percent of your thirty 0:07:54.200 --> 0:07:56.640 year five percent on your twenty year your ten uere yield, 0:07:56.680 --> 0:07:58.640 they'll still camp out at four point four to seven. 0:07:58.840 --> 0:08:00.520 And take note of the shorter end at the curve, 0:08:00.720 --> 0:08:02.520 the part of course that Kevin Walsh and the fake 0:08:02.560 --> 0:08:04.760 controls that is lower on the day by about one 0:08:04.800 --> 0:08:05.400 basis point. 0:08:05.640 --> 0:08:07.520 Yeah, it kind of gets interesting, right when you compare 0:08:07.560 --> 0:08:10.160 that to maybe, you know, returns in terms of equities. 0:08:10.600 --> 0:08:13.720 So it certainly gets a fascinating to kind of watch 0:08:13.720 --> 0:08:16.040 this development. Hey, by the way, Cisco's up now more 0:08:16.040 --> 0:08:18.720 than nine percent here in the aftermarket, so quite a 0:08:18.760 --> 0:08:19.160 pop here. 0:08:19.200 --> 0:08:21.960 All right. That is a wrap up this stock Movers 0:08:22.040 --> 0:08:25.680 report from Bloomberg Radio. Check back with us throughout the 0:08:25.760 --> 0:08:28.600 day for the latest roundup of companies making news on 0:08:28.640 --> 0:08:32.280 Wall Street and for the latest market moving headlines. Listen 0:08:32.320 --> 0:08:36.600 to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, 0:08:36.640 --> 0:08:40.520 and on Applecarplay and Android Auto with the Bloomberg Business app.