WEBVTT - Sandisk Falls, Datadog Tumbles, Honeywell Aerospace Plunges

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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>I'm Carol Messer, a long attemp static. Let's get though

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<v Speaker 1>to some stocks on the move. Bloomberg News Credit reporter

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<v Speaker 1>Emligrafeo is in the house joining us with stock movers,

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<v Speaker 1>and we've got some that just reported earnings right after

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<v Speaker 1>the closed yesterday.

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<v Speaker 3>Yeah, there's not a lot of movement on the index level,

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<v Speaker 3>but it was kind of hard to pick which individual

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<v Speaker 3>movers I wanted to for this day because there were

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<v Speaker 3>some like big double digit moves, So let's get into them.

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<v Speaker 3>Sand Disc I picked this one because it's down today,

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<v Speaker 3>but it is the best performing stock in the S

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<v Speaker 3>and P five hundred you're to date, so it's still

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<v Speaker 3>up like over four hundred percent on you know, a

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<v Speaker 3>twenty twenty six basis, but it is down about five

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<v Speaker 3>percent right now. It was down as much as fourteen

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<v Speaker 3>percent earlier in the day. This is a memory company,

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<v Speaker 3>computer or hardware. The revenue forecast missed the average analyst estimate,

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<v Speaker 3>and uh yeah, I guess that was enough to cause

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<v Speaker 3>shareholders to sell the stock. This has really been a

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<v Speaker 3>trade that has been whipsaw over the last month. I

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<v Speaker 3>would say, yeah, the memory stocks just kind of moving

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<v Speaker 3>around a lot. But again still year to date the

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<v Speaker 3>stock is up higher, but a softed expected a software

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<v Speaker 3>than expected guidance as well.

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<v Speaker 4>Only down five percent right now.

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<v Speaker 1>I love it is higher year to date. It's upbout

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<v Speaker 1>four hundred year to date, So it's like, yeah, I.

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<v Speaker 4>Think that's why I'm saying five percent drop is like.

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<v Speaker 1>Expectations are high.

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<v Speaker 3>Expectations are high the bars you can't go up forever.

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<v Speaker 4>And it was down. It was down at the open

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<v Speaker 4>as much as fourteen percent. So it's it's bounced from

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<v Speaker 4>those lows quite a bit.

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<v Speaker 1>Your pe is only six right now. Yeah, i'd a seventeen.

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<v Speaker 1>I don't know all right. From sand disk to data

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<v Speaker 1>dog we go, I told you there would be dogs.

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<v Speaker 3>Yeah, okay, so this is another.

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<v Speaker 1>It's it's not a real dog.

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<v Speaker 3>This is a big mover data dog ticker DDG, a

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<v Speaker 3>software company. It's down about eighteen percent right now, erasing

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<v Speaker 3>some eighteen million dollars in market cap if those losses

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<v Speaker 3>hold again. They had earnings, but they trailed the average

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<v Speaker 3>analyst estimate when it came to adjusted gross margin. I

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<v Speaker 3>always liked to look at the software names because that's

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<v Speaker 3>also like kind of along with memory. Software has been

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<v Speaker 3>such a hot button trade.

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<v Speaker 4>I thought you were going to say you like to

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<v Speaker 4>look at it because of the private credit beat.

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<v Speaker 3>I was about to get there too. Yeah, I mean

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<v Speaker 3>private credit has done so much money into software because

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<v Speaker 3>before AI came out, we thought that, you know, there

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<v Speaker 3>were going to be really really sticky and reliable revenue

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<v Speaker 3>streams from software. And the existence of AI and the competitiveness.

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<v Speaker 1>Yspect numbers that were strong on them, better than estimates.

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<v Speaker 3>Yeah. Again, I think it's traders getting really sensitive to

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<v Speaker 3>software and maybe finally wanting to get out.

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<v Speaker 4>I want to save some time for Honeywell Aerospace because

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<v Speaker 4>this last check was among the worst performers in the

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<v Speaker 4>S and P five.

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<v Speaker 3>Yeah, this is an incredible move. So Honeywell Aerospace, this

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<v Speaker 3>was a spin off from the larger industrial conglomerate Honeywell,

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<v Speaker 3>the company we all know this ticker ho NA. It's

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<v Speaker 3>down twenty two percent right now, the biggest drop on record.

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<v Speaker 3>It's the first time that they've reported earnings as they're

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<v Speaker 3>this independent company. The street was not happy with this.

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<v Speaker 3>There is a Jeffreys analyst, Sheila Kayalu.

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<v Speaker 4>Yeah, she comes on a lot.

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<v Speaker 3>Okay. So her note was titled simply titled bra Do

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<v Speaker 3>you guys know what that means? Brau?

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<v Speaker 4>You kids say it a lot.

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<v Speaker 3>And what she said was the first reaction for most

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<v Speaker 3>investors is how is an arrow company growing only four percent?

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<v Speaker 3>So they reported revenue growth. They see organic revenue growth

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<v Speaker 3>four percent to five percent, and that was down from

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<v Speaker 3>a previous guide of seven to nine percent. So just

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<v Speaker 3>slashing the guidance, disappointing investors, causing some really colorful cell

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<v Speaker 3>side reactions.

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<v Speaker 1>That's a little rapman.

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<v Speaker 3>Yeah.

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<v Speaker 2>The Stockmovers report from Bloomberg Radio. Check back with us

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