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: I'm Carol Messer, a long attemp static. Let's get though
Speaker 1: to some stocks on the move. Bloomberg News Credit reporter
Speaker 1: Emligrafeo is in the house joining us with stock movers,
Speaker 1: and we've got some that just reported earnings right after
Speaker 1: the closed yesterday.
Speaker 3: Yeah, there's not a lot of movement on the index level,
Speaker 3: but it was kind of hard to pick which individual
Speaker 3: movers I wanted to for this day because there were
Speaker 3: some like big double digit moves, So let's get into them.
Speaker 3: Sand Disc I picked this one because it's down today,
Speaker 3: but it is the best performing stock in the S
Speaker 3: and P five hundred you're to date, so it's still
Speaker 3: up like over four hundred percent on you know, a
Speaker 3: twenty twenty six basis, but it is down about five
Speaker 3: percent right now. It was down as much as fourteen
Speaker 3: percent earlier in the day. This is a memory company,
Speaker 3: computer or hardware. The revenue forecast missed the average analyst estimate,
Speaker 3: and uh yeah, I guess that was enough to cause
Speaker 3: shareholders to sell the stock. This has really been a
Speaker 3: trade that has been whipsaw over the last month. I
Speaker 3: would say, yeah, the memory stocks just kind of moving
Speaker 3: around a lot. But again still year to date the
Speaker 3: stock is up higher, but a softed expected a software
Speaker 3: than expected guidance as well.
Speaker 4: Only down five percent right now.
Speaker 1: I love it is higher year to date. It's upbout
Speaker 1: four hundred year to date, So it's like, yeah, I.
Speaker 4: Think that's why I'm saying five percent drop is like.
Speaker 1: Expectations are high.
Speaker 3: Expectations are high the bars you can't go up forever.
Speaker 4: And it was down. It was down at the open
Speaker 4: as much as fourteen percent. So it's it's bounced from
Speaker 4: those lows quite a bit.
Speaker 1: Your pe is only six right now. Yeah, i'd a seventeen.
Speaker 1: I don't know all right. From sand disk to data
Speaker 1: dog we go, I told you there would be dogs.
Speaker 3: Yeah, okay, so this is another.
Speaker 1: It's it's not a real dog.
Speaker 3: This is a big mover data dog ticker DDG, a
Speaker 3: software company. It's down about eighteen percent right now, erasing
Speaker 3: some eighteen million dollars in market cap if those losses
Speaker 3: hold again. They had earnings, but they trailed the average
Speaker 3: analyst estimate when it came to adjusted gross margin. I
Speaker 3: always liked to look at the software names because that's
Speaker 3: also like kind of along with memory. Software has been
Speaker 3: such a hot button trade.
Speaker 4: I thought you were going to say you like to
Speaker 4: look at it because of the private credit beat.
Speaker 3: I was about to get there too. Yeah, I mean
Speaker 3: private credit has done so much money into software because
Speaker 3: before AI came out, we thought that, you know, there
Speaker 3: were going to be really really sticky and reliable revenue
Speaker 3: streams from software. And the existence of AI and the competitiveness.
Speaker 1: Yspect numbers that were strong on them, better than estimates.
Speaker 3: Yeah. Again, I think it's traders getting really sensitive to
Speaker 3: software and maybe finally wanting to get out.
Speaker 4: I want to save some time for Honeywell Aerospace because
Speaker 4: this last check was among the worst performers in the
Speaker 4: S and P five.
Speaker 3: Yeah, this is an incredible move. So Honeywell Aerospace, this
Speaker 3: was a spin off from the larger industrial conglomerate Honeywell,
Speaker 3: the company we all know this ticker ho NA. It's
Speaker 3: down twenty two percent right now, the biggest drop on record.
Speaker 3: It's the first time that they've reported earnings as they're
Speaker 3: this independent company. The street was not happy with this.
Speaker 3: There is a Jeffreys analyst, Sheila Kayalu.
Speaker 4: Yeah, she comes on a lot.
Speaker 3: Okay. So her note was titled simply titled bra Do
Speaker 3: you guys know what that means? Brau?
Speaker 4: You kids say it a lot.
Speaker 3: And what she said was the first reaction for most
Speaker 3: investors is how is an arrow company growing only four percent?
Speaker 3: So they reported revenue growth. They see organic revenue growth
Speaker 3: four percent to five percent, and that was down from
Speaker 3: a previous guide of seven to nine percent. So just
Speaker 3: slashing the guidance, disappointing investors, causing some really colorful cell
Speaker 3: side reactions.
Speaker 1: That's a little rapman.
Speaker 3: Yeah.
Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us
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