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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel with a
Speaker 3: focus this morning on retail earnings and a lot of
Speaker 3: news in the tech space. Valerie, let's start with the earnings,
Speaker 3: because as we speak, results from Macy's are crossing the
Speaker 3: Bloomberg terminal. Good morning, yeah, and wow, it is positive.
Speaker 1: Macy's stock was up around eight percent after these results
Speaker 1: were just announced. It's now up around five percent, so
Speaker 1: moderated it just slightly. But they upgraded their full year
Speaker 1: adjusted EPs range from one point seven to two dollars
Speaker 1: in five cents. The estimate was for one eighty one,
Speaker 1: but they did raise that range from previous guidance. They
Speaker 1: also decent guidance when it comes to full year net
Speaker 1: sales as well, that topping some estimates. So that's leading
Speaker 1: that stock to trade five percent higher. That's Macy's, the
Speaker 1: big retailer. We also had a discount retailer have some
Speaker 1: earnings today. That was Dollar Tree. Net sales beat estimates
Speaker 1: and shares rose as much as four percent. But however,
Speaker 1: there has been some reassessment of these results. Their guidance
Speaker 1: was a bit lackluster, so Dollar Trees now in the red,
Speaker 1: down one point seven percent. It does seem to show though,
Speaker 1: that these discount retailers are beating when it comes to
Speaker 1: sales figures, benefiting from price conscious consumers. That was something
Speaker 1: that was apparent and the rival Dollar General's earnings last week,
Speaker 1: but the shares seem disappointed by the guidance. They're now
Speaker 1: down two point seven percent in pre u.
Speaker 3: Really interesting now to see a guide taken negatively on
Speaker 3: one of the low cost retailers, while we're seeing this
Speaker 3: boost to Macy's, which had been considered more upscale. So
Speaker 3: we're going to be continuing to watch those stocks throughout
Speaker 3: the day. I'm sure also keeping an eye on Big Tech.
Speaker 3: A lot of moves there. Let's start with what's going
Speaker 3: on with Google parent Alphabet.
Speaker 1: Big Win for Google Big court case Win shares are
Speaker 1: up six and a half percent so far in pre
Speaker 1: market trade. A judge ruled that the search giant won't
Speaker 1: be forced to sell its chrome business in a landmark
Speaker 1: anti trust case. The market is taking it as a
Speaker 1: big win. There were some negatives though, to be aware of.
Speaker 1: Google will be required to share online search data with
Speaker 1: its rivals like Microsoft and Duck Duck Go, and the
Speaker 1: search giant will no longer be able to make contracts exclusive. However,
Speaker 1: a lot of the focus is just in the fact
Speaker 1: that they will not be forced to divest the Chrome browser.
Speaker 1: So Google really benefiting from that case decision today up
Speaker 1: six and a half percent, but it caps off a
Speaker 1: five year legal battle around Google that began under Trump's
Speaker 1: first administration.
Speaker 3: We're also seeing a pretty solid move higher for Apple
Speaker 3: this morning.
Speaker 1: Yeah, this is also on the back of Google's court case,
Speaker 1: Apple rising three and a half percent in pre market.
Speaker 1: Apple gets twenty billion of revvee, new and annual fees
Speaker 1: from Google. They essentially to host the Google's Chrome app
Speaker 1: on its devices, they receive that revenue. So this court
Speaker 1: case determines basically those fees can still continue, and some
Speaker 1: analysts pointing out that they believe that now this case
Speaker 1: is settled, it could actually allow Apple to deepen its
Speaker 1: ties with Google and integrating its Gemini AI features. We
Speaker 1: know that Apple is behind on the AI race, and
Speaker 1: speaking of that, they lost another AI researcher to Meta overnight.
Speaker 1: So that's Apple up three and a half percent.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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