WEBVTT - Oracle Posts Strong Cloud Sales Growth, Amazon Rises, Goeasy Drops 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Carol Master alone with normal Linda, so let's get

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<v Speaker 1>to some of the stocks on the move. Denisa Sikova

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<v Speaker 1>has had quite a day. She's with us Bloomberg News,

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<v Speaker 1>Cross Asset Report. Just a little bit of stuff going

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<v Speaker 1>on here. It keep us up busy a little bit.

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<v Speaker 3>After hours Oracles earnings, we're seeing quite the reaction. Oracle

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<v Speaker 3>posted quarterly cloud revenue that was better than expected. That

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<v Speaker 3>company was under a lot of pressure, it was down

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<v Speaker 3>about fifty percent from September highs. Clearly, we're seeing very

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<v Speaker 3>different reaction after hours. The ticker, of course, is all

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<v Speaker 3>our Cel. Shares are up about eight percent in extended trading.

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<v Speaker 3>That's quite the jump for the company. Projected strong sales

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<v Speaker 3>in the upcoming fiscal year. What everyone is looking for

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<v Speaker 3>signs that the company is turning it's massive AI spending

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<v Speaker 3>into revenue, and clearly we're seeing a little bit of

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<v Speaker 3>this today and investors are pretty happy about it so far.

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<v Speaker 3>Of course, in not so liquid rating, Oracle is working

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<v Speaker 3>to deliver all those massive cloud infrastructure deal We're talking

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<v Speaker 3>about Meta, we're talking about open Ai, and you know,

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<v Speaker 3>all those companies have been at the center of all

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<v Speaker 3>the market worries about AIS, and you know, you can

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<v Speaker 3>see that investors have definitely punished those but some good numbers.

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<v Speaker 3>Sales in the companies closely watch infrastructure business gained eighty

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<v Speaker 3>four percent. This is significantly higher than one analysts we're expecting.

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<v Speaker 3>That said, I also looked at the capital expenditure number.

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<v Speaker 3>That's also higher than analysts expected. So you know, there

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<v Speaker 3>is definitely some couochure.

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<v Speaker 1>But it hasn't changed, right, it hasn't changed. So that

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<v Speaker 1>was like so better that it didn't go up, but

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<v Speaker 1>it also hasn't gone down.

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<v Speaker 3>Yeah, but investors expected fourteen billion and there is nearly

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<v Speaker 3>eight nineteen billion of capital expenditure, so that's five billion

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<v Speaker 3>is a lot.

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<v Speaker 1>But their fiscal year twenty twenty six has stayed kind

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<v Speaker 1>of consistent, right, So it's interesting. We talked with our

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<v Speaker 1>honor Agrana of Bloomberg Intelligence and he said, what's so

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<v Speaker 1>key is they have such a massive relationship with open Ai,

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<v Speaker 1>and so listening for some color around that on the

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<v Speaker 1>carbet analysts and investors to see that that is still

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<v Speaker 1>kind of tight and funding and funding right yeah.

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<v Speaker 4>I said, IRR funding the open Ai situation. So it's

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<v Speaker 4>a lot for investors to parstory that. I'm sure we're

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<v Speaker 4>going to see continuing into tomorrow's training.

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<v Speaker 1>Day for sure, but a pop.

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<v Speaker 3>Yeah.

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<v Speaker 4>What else are you keeping an eye on right now?

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<v Speaker 3>I'm keeping an eye on the bone market and Amazon

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<v Speaker 3>dot Com. They had a good day today. Stock was

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<v Speaker 3>up around forty basis point thecories am Z and the

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<v Speaker 3>company raised thirty seven billion from US door bone sale.

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<v Speaker 3>It's a very interesting thing to look at. Obviously, with

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<v Speaker 3>all the volatility in the market, we kind of weren't

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<v Speaker 3>expecting so many deals, but we're seeing clearly some of

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<v Speaker 3>them coming back. Of course, I guess there have been

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<v Speaker 3>some good news when it comes to the We're so

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<v Speaker 3>fundraising in back Blogbuster fundraising fourth largest US corporate bond

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<v Speaker 3>sale and record.

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<v Speaker 1>This big tech company is doing the you know, issuing

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<v Speaker 1>debt and this one I think Amazon right is going

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<v Speaker 1>to have is it like on track for a quarter,

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<v Speaker 1>whether it's is the negative cash flow, it's cashflow.

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<v Speaker 3>I think so. I think so it's there was clearly

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<v Speaker 3>a lot of demand. The offering was increased from initial

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<v Speaker 3>guidance of twenty five billion to thirty billion. The US

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<v Speaker 3>portion of the deal drew more than one hundred billions.

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<v Speaker 3>Clearly a lot of demand. Everyone wants to be part

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<v Speaker 3>of those hyper scured deb deals. We've seen quite a

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<v Speaker 3>few other ones that were met with a lot of interest.

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<v Speaker 3>Of course, everyone wants to be with those big companies.

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<v Speaker 3>That doesn't necessarily tell us too much about the health

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<v Speaker 3>of the rest the business, but you know, clearly it

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<v Speaker 3>went well and the company, I mean, it's small game today,

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<v Speaker 3>but clearly investors didn't show too much worry.

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<v Speaker 4>About that did so it's interesting obviously the story on

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<v Speaker 4>the Boomer terminal saying the US corporate IG market posted

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<v Speaker 4>its largest day on record and this the last record

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<v Speaker 4>that we saw on a daily record for this issuance

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<v Speaker 4>for high grade was in twenty thirteen. So Amazon clearly

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<v Speaker 4>really adding.

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<v Speaker 2>To that place, right.

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<v Speaker 1>I mean, with these guys when they come to the

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<v Speaker 1>debt markets, it's just unbelievable. Let's go to go Easy.

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<v Speaker 3>Yeah we're going to Canadian stocks, but quite the moves there.

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<v Speaker 3>Go Easy. The ticker is gs Y. The stock was

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<v Speaker 3>down more than sixty percent today. It got worse and

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<v Speaker 3>worse during the day. Was initially a smaller loss. Stocks

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<v Speaker 3>and bonds of the company tumbled after the Canadian Supreme

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<v Speaker 3>Lender suspended its dividend with Droid's financial outlook and disclosed

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<v Speaker 3>hundreds of millions of dollars in loan loss its ties

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<v Speaker 3>to its vehicle business. Everyone has been looking at that

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<v Speaker 3>space for cracks. Clearly, this is just one example in Canada,

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<v Speaker 3>but definitely we so quite the.

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<v Speaker 1>Reaction in the least products.

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<v Speaker 3>Yeah, it's really really, really really big. And one thing

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<v Speaker 3>I saw is the company acknowledges that macroeconomic conditions hire,

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<v Speaker 3>an employment rate, cost of living are definitely negatively impacting

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<v Speaker 3>the consumer base, which is, you know, it becomes more

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<v Speaker 3>than just a company story. Perhaps the story about the

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<v Speaker 3>Canadian consumer. Yeah, maybe extend here as well.

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<v Speaker 4>There's allow eight hundred million dollars in market caps.

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<v Speaker 3>So yeah, yeah, small company.

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<v Speaker 4>Still what's a big moves sixty percent.

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<v Speaker 1>Move, Yeah, that's a big move. Good stuff, Denisa, Thank

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<v Speaker 1>you so much.

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<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

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