Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Master alone with normal Linda, so let's get
Speaker 1: to some of the stocks on the move. Denisa Sikova
Speaker 1: has had quite a day. She's with us Bloomberg News,
Speaker 1: Cross Asset Report. Just a little bit of stuff going
Speaker 1: on here. It keep us up busy a little bit.
Speaker 3: After hours Oracles earnings, we're seeing quite the reaction. Oracle
Speaker 3: posted quarterly cloud revenue that was better than expected. That
Speaker 3: company was under a lot of pressure, it was down
Speaker 3: about fifty percent from September highs. Clearly, we're seeing very
Speaker 3: different reaction after hours. The ticker, of course, is all
Speaker 3: our Cel. Shares are up about eight percent in extended trading.
Speaker 3: That's quite the jump for the company. Projected strong sales
Speaker 3: in the upcoming fiscal year. What everyone is looking for
Speaker 3: signs that the company is turning it's massive AI spending
Speaker 3: into revenue, and clearly we're seeing a little bit of
Speaker 3: this today and investors are pretty happy about it so far.
Speaker 3: Of course, in not so liquid rating, Oracle is working
Speaker 3: to deliver all those massive cloud infrastructure deal We're talking
Speaker 3: about Meta, we're talking about open Ai, and you know,
Speaker 3: all those companies have been at the center of all
Speaker 3: the market worries about AIS, and you know, you can
Speaker 3: see that investors have definitely punished those but some good numbers.
Speaker 3: Sales in the companies closely watch infrastructure business gained eighty
Speaker 3: four percent. This is significantly higher than one analysts we're expecting.
Speaker 3: That said, I also looked at the capital expenditure number.
Speaker 3: That's also higher than analysts expected. So you know, there
Speaker 3: is definitely some couochure.
Speaker 1: But it hasn't changed, right, it hasn't changed. So that
Speaker 1: was like so better that it didn't go up, but
Speaker 1: it also hasn't gone down.
Speaker 3: Yeah, but investors expected fourteen billion and there is nearly
Speaker 3: eight nineteen billion of capital expenditure, so that's five billion
Speaker 3: is a lot.
Speaker 1: But their fiscal year twenty twenty six has stayed kind
Speaker 1: of consistent, right, So it's interesting. We talked with our
Speaker 1: honor Agrana of Bloomberg Intelligence and he said, what's so
Speaker 1: key is they have such a massive relationship with open Ai,
Speaker 1: and so listening for some color around that on the
Speaker 1: carbet analysts and investors to see that that is still
Speaker 1: kind of tight and funding and funding right yeah.
Speaker 4: I said, IRR funding the open Ai situation. So it's
Speaker 4: a lot for investors to parstory that. I'm sure we're
Speaker 4: going to see continuing into tomorrow's training.
Speaker 1: Day for sure, but a pop.
Speaker 3: Yeah.
Speaker 4: What else are you keeping an eye on right now?
Speaker 3: I'm keeping an eye on the bone market and Amazon
Speaker 3: dot Com. They had a good day today. Stock was
Speaker 3: up around forty basis point thecories am Z and the
Speaker 3: company raised thirty seven billion from US door bone sale.
Speaker 3: It's a very interesting thing to look at. Obviously, with
Speaker 3: all the volatility in the market, we kind of weren't
Speaker 3: expecting so many deals, but we're seeing clearly some of
Speaker 3: them coming back. Of course, I guess there have been
Speaker 3: some good news when it comes to the We're so
Speaker 3: fundraising in back Blogbuster fundraising fourth largest US corporate bond
Speaker 3: sale and record.
Speaker 1: This big tech company is doing the you know, issuing
Speaker 1: debt and this one I think Amazon right is going
Speaker 1: to have is it like on track for a quarter,
Speaker 1: whether it's is the negative cash flow, it's cashflow.
Speaker 3: I think so. I think so it's there was clearly
Speaker 3: a lot of demand. The offering was increased from initial
Speaker 3: guidance of twenty five billion to thirty billion. The US
Speaker 3: portion of the deal drew more than one hundred billions.
Speaker 3: Clearly a lot of demand. Everyone wants to be part
Speaker 3: of those hyper scured deb deals. We've seen quite a
Speaker 3: few other ones that were met with a lot of interest.
Speaker 3: Of course, everyone wants to be with those big companies.
Speaker 3: That doesn't necessarily tell us too much about the health
Speaker 3: of the rest the business, but you know, clearly it
Speaker 3: went well and the company, I mean, it's small game today,
Speaker 3: but clearly investors didn't show too much worry.
Speaker 4: About that did so it's interesting obviously the story on
Speaker 4: the Boomer terminal saying the US corporate IG market posted
Speaker 4: its largest day on record and this the last record
Speaker 4: that we saw on a daily record for this issuance
Speaker 4: for high grade was in twenty thirteen. So Amazon clearly
Speaker 4: really adding.
Speaker 2: To that place, right.
Speaker 1: I mean, with these guys when they come to the
Speaker 1: debt markets, it's just unbelievable. Let's go to go Easy.
Speaker 3: Yeah we're going to Canadian stocks, but quite the moves there.
Speaker 3: Go Easy. The ticker is gs Y. The stock was
Speaker 3: down more than sixty percent today. It got worse and
Speaker 3: worse during the day. Was initially a smaller loss. Stocks
Speaker 3: and bonds of the company tumbled after the Canadian Supreme
Speaker 3: Lender suspended its dividend with Droid's financial outlook and disclosed
Speaker 3: hundreds of millions of dollars in loan loss its ties
Speaker 3: to its vehicle business. Everyone has been looking at that
Speaker 3: space for cracks. Clearly, this is just one example in Canada,
Speaker 3: but definitely we so quite the.
Speaker 1: Reaction in the least products.
Speaker 3: Yeah, it's really really, really really big. And one thing
Speaker 3: I saw is the company acknowledges that macroeconomic conditions hire,
Speaker 3: an employment rate, cost of living are definitely negatively impacting
Speaker 3: the consumer base, which is, you know, it becomes more
Speaker 3: than just a company story. Perhaps the story about the
Speaker 3: Canadian consumer. Yeah, maybe extend here as well.
Speaker 4: There's allow eight hundred million dollars in market caps.
Speaker 3: So yeah, yeah, small company.
Speaker 4: Still what's a big moves sixty percent.
Speaker 1: Move, Yeah, that's a big move. Good stuff, Denisa, Thank
Speaker 1: you so much.
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