Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Now, let's look at some of these stocks on the
Speaker 3: move today in Europe. We're joined by Blombg's Equity's report
Speaker 3: to Joe Eastern SAP Shares, the software company based in
Speaker 3: Bonden Wurtenberg in Germany, swing this morning because of better
Speaker 3: than expected results. Why why did they do so well?
Speaker 1: Yeah, so SAP reporting a massive jump in their orders,
Speaker 1: their orders in terms of the backclog growing close to
Speaker 1: thirty percent in the latest course and now and list
Speaker 1: over at Deutsche Bank writing that this is a master
Speaker 1: class in resilience given the macro uncertainty, that stock having
Speaker 1: its best day in around six years and actually now
Speaker 1: cementing its place as Europe's largest company by market caps.
Speaker 1: So the cloud business seems to be the main either
Speaker 1: of the order jump, so that is a step up.
Speaker 1: Their margins looking really strong as well, again getting close
Speaker 1: to thirty percent terms of their margins expanding, So showing resilience,
Speaker 1: as Deutschebank points out, in a difficult environment. But no
Speaker 1: such luck for Recit a very different picture there, Joe No,
Speaker 1: so Reckit. Well. Reckitt did say that we are all
Speaker 1: buying lots of debtal and cleaning our house, so that
Speaker 1: was a really strong part of the market. However, that
Speaker 1: hasn't been enough to make up for a drop down
Speaker 1: in the rest of the core business. So this is
Speaker 1: brands including strepsls Lozengers, Musenix, flu remedies, and also all
Speaker 1: their other home products. Actually we can then expected. The
Speaker 1: consumer goods company reported life forlike revenue up one point
Speaker 1: one percent in the first quarter, but that was significantly
Speaker 1: below some of the analyst estimates. Some analysts were looking
Speaker 1: for close or above two percent in terms of the
Speaker 1: quarterly self so it stock down at close to five
Speaker 1: percent today, which is a big drop for a company
Speaker 1: that size. They are trying to offload a lot of
Speaker 1: their businesses at the moment in terms of some of
Speaker 1: their encore units. Didn't really get much of an update
Speaker 1: on that's potentially that is weighing as well. But wreck
Speaker 1: It is a significant underformer despite all that house cleaning
Speaker 1: we're all doing.
Speaker 3: Yeah, well it's spring, don't you get that through the
Speaker 3: spring season? Yeah, well, the sunshine suddenly streams in and
Speaker 3: I see all the corners and the bits that I've missed.
Speaker 1: At Hibernate anymore. Ye get visitors around, need to clean up.
Speaker 1: That's the trend.
Speaker 3: And maybe a new outfit into text positively is for
Speaker 3: them coming back into fashion.
Speaker 1: Maybe yes, the indo text back in fashion now. This
Speaker 1: is a note from an analysts over at BNP Parabar Exain.
Speaker 1: Now they are saying that indo text so it is
Speaker 1: the owner of Zara, of course, is a way to
Speaker 1: shield yourself from the downturn linked to tariff. So the
Speaker 1: analyst over there, Warwick, says that Zara's agile supply chain,
Speaker 1: robust balance sheet and high margin structure means that it
Speaker 1: is a safe stock in an uncertain gy political climate.
Speaker 1: They note that the stock has only performed in line
Speaker 1: with H and M, but they actually think you should
Speaker 1: be selling H and M. So therefore they upgrade the
Speaker 1: intertext Zara owner today with a price target of around
Speaker 1: fifty six years is stock currently trading at forty eight's
Speaker 1: a significant upside still to come around fifteen percent from
Speaker 1: where we are now. One of the best performers in
Speaker 1: Spain at the moment, up around one and a half percent.
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