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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this stock mover's report

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Speaker 2: the company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and scarlettfu.

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Speaker 3: I want to start with EchoStar. A share surged as

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Speaker 3: tour record most ever at one point in the day

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Speaker 3: ended up closing out the day up seventy percent today,

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Speaker 3: this as the company said it's agreed to sell spectrum

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Speaker 3: licenses to AT and T for about twenty three billion

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Speaker 3: dollars in an all cash transaction. AT and T said

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Speaker 3: the acquisition of this spectrum will strengthen the company's ability

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Speaker 3: to deliver five G and fiber services across the US.

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Speaker 3: Echo Star Fritz par will continue to operate in the

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Speaker 3: US market as a hybrid mobile network operator under its

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Speaker 3: Boost brand. Also keep an eye on what happened with

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Speaker 3: shares of Lily today to the upside of five point

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Speaker 3: nine percent. This after news that its experimental obesity pill

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Speaker 3: helped patients lose nine point six percent of body weight

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Speaker 3: in a trial, so instead of a shot, yes, it

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Speaker 3: could be available in a pill at some point in

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Speaker 3: the future. Patients who were given the highest dose of

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Speaker 3: the pill lost around twenty one pounds and saw significant

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Speaker 3: improvements in blood sugar levels. According to the company, shares

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Speaker 3: hire today by close to six percent. And finally, keep

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Speaker 3: an eye on stocks in the defense sector today, particularly

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Speaker 3: Lockheed Martin, which moved to the upside about one point

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Speaker 3: seven percent. This after Commerce Secretary Howard Ludnik suggested earlier

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Speaker 3: on CNBC that the US government is looking at the

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Speaker 3: defense sector for potential stakes in companies a la Intel.

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Speaker 3: The Secretary did signal out Lockheed Martin, staying in the

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Speaker 3: company makes much of its revenue because of the US

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Speaker 3: government and is quote basically an arm of the US government.

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Speaker 4: Let's now look at the Kleiner's Constellation brands. We have

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Speaker 4: the shares down by nearly four percent. That's after the

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Speaker 4: Bank of America downgraded the company to underperform on weaker

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Speaker 4: beer trend. So more noteworthy is the fact that the

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Speaker 4: bank holds the only sale equivalent ratings, so they cut

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Speaker 4: their price target to a street low of one hundred

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Speaker 4: and fifty dollars. That's from one hundred and eighty two dollars.

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Speaker 4: So the stock solt pressure and is down by three

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Speaker 4: and a half percent up. Next is carrying Doctor Pepper

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Speaker 4: shares are also down by six and a half percent.

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Speaker 4: That's after HSBC downgraded the stock to a hold from buy.

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Speaker 4: This comes after the Jdept Purchase announcement on Monday. So

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Speaker 4: the price target is cut to thirty dollars from forty

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Speaker 4: two dollars. The analyst there said that the unwine of

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Speaker 4: the twenty eighteen Currik and Doctor Pepper merger comes at

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Speaker 4: a quote high acquisition cost. And lastly we're looking at

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Speaker 4: salesforce it's also down by one and a half percent.

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Speaker 4: Oppenheimer cuts this price target two three hundred and fifteen dollars.

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Speaker 5: All right, let's just jump here on earnings. We have

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Speaker 5: earnings from Mango dB and I'm going to pull them

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Speaker 5: up right now. We do see for the second quarter,

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Speaker 5: this is the quarter that ended. The loss for sure

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Speaker 5: was fifty eight cents, which was smaller, more narrow than

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Speaker 5: what analysts had versus last year, I should say, which

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Speaker 5: was seventy four cents a share. Just at EPs was

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Speaker 5: a doll versus the consensus estimate of sixty five cents.

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Speaker 5: In terms of the revenue, it's five hundred ninety one

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Speaker 5: point four million analysts. We're looking for five hundred and

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Speaker 5: fifty four. The outlook for the full year two point

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Speaker 5: three four billion to two point three six billion. That

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Speaker 5: is an upgrade from the previous forecast, which was at

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Speaker 5: least two and a quarter billion to two point two

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Speaker 5: nine billion. Full year justed EPs according to Mongo dB,

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Speaker 5: also goes to three dollars sixty four cents from three

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Speaker 5: dollars seventy three cents.

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Speaker 3: That is a.

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Speaker 5: Notable upgrade from the previous estimate of at most three

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Speaker 5: dollars and twelve cents. And you could see the stock

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Speaker 5: responding here up twelve and a half percent right now

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Speaker 5: in after ours trade.

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Speaker 1: Kind of interesting to see some of these mid and

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Speaker 1: smaller software companies getting a bid here in the after

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Speaker 1: hours trade. A lot of concerns, of course, heading into

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Speaker 1: those earnings out of Nvidia tomorrow. The idea that some

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Speaker 1: of the spending that had been flowing into some of

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Speaker 1: these identity security companies, some of the cloud providers like

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Speaker 1: Box and of course Mango DP, that we would see

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Speaker 1: some weakness there. But the earnings coming in right now

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Speaker 1: and at least for the current quarter and the guidance

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Speaker 1: for the next quarter seems to be holding up on

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Speaker 1: Mongo dB, also reporting a beat and a raise there

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Speaker 1: here on a day where there is a big focus,

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Speaker 1: a big focus right now on corporate fundamentals, with Nvidia

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Speaker 1: up ahead in about twenty four hours, but of course

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Speaker 1: right now everybody obsessing over the FED and what may

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Speaker 1: come next. We saw the steepening of the curve today,

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Speaker 1: A lot of concerns here that yeah, we may end

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Speaker 1: up with adubbish FED no matter how much this shakes out.

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Speaker 1: But of course this also could be a FED potentially

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Speaker 1: that could end up maybe not being as prepared to

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Speaker 1: fight inflation longer term. And that's a big part of

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Speaker 1: the reason why you're looking at the long end of

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Speaker 1: the curve moving in the opposite direction.

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Speaker 2: us throughout the day for the latest roundup of companies

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