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 of the stocks on
Speaker 3: the move today. We can do it with Christina Quino.
Speaker 3: She's a managing editor for Markets Live.
Speaker 1: She joins us here in studio, Christine, what are you
Speaker 1: looking at?
Speaker 3: We're gonna take a look at Micron today, Paul. Of course,
Speaker 3: highly anticipated earnings later after the bell so ticker MU
Speaker 3: those shares they're doing better now. They're just down about
Speaker 3: three tenths of one percent after falling earlier by nearly
Speaker 3: two percent. And of course we know that fell thirteen
Speaker 3: percent yesterday, but you know that was only the biggest
Speaker 3: drop since early junees A lot happening in the stock
Speaker 3: a lot happening in chip space in general, but specifically
Speaker 3: for Micron. Of course, expectations are still high, Bloomberg Intelligence
Speaker 3: expecting them to exceed their fiscal fur quarter revenue by
Speaker 3: about thirteen percent above estimates. Also expecting our guidance beat
Speaker 3: of eighteen percent, primarily because of that sixty percent increase
Speaker 3: in DRAM prices. You know, one of our Marcus Life strategists,
Speaker 3: Cameron christ calls micro now the third most important stock
Speaker 3: in the world, just behind the out of It.
Speaker 1: Yeah.
Speaker 3: I said that on Bloomer Surveillance today.
Speaker 1: I love that because you look at the performance and
Speaker 1: it's just been completely nuts, driving all the other memory
Speaker 1: chip makers up as well. Okay, Christine, take two is
Speaker 1: on your list, and whenever I think Take two, I
Speaker 1: just think of one video game.
Speaker 3: Yeah, exactly, Grand Theft, all of course, and that is
Speaker 3: very much the reason for why Take two shares this
Speaker 3: morning doing quite well so ticker t twott two. Those
Speaker 3: shares are up about half a percent at the moment,
Speaker 3: up for a third straight day, also because of anticipation
Speaker 3: over their latest version of the Grand Theft Auto video game.
Speaker 3: Pre orders apparently starting at midnight local time on June
Speaker 3: twenty fifth, and it's going to be launching in November
Speaker 3: for seventy nine ninety nine. That's like the starting price.
Speaker 3: I don't know if I'm going to be lining up
Speaker 3: for that. I'm sure a lot of people will, but
Speaker 3: that is reason enough for likes of BTIG, for instance,
Speaker 3: to launch coverage on Take two. They launch it with
Speaker 3: a by rating and a two hundred and ninety dollars
Speaker 3: price target, And of course, earlier this week we got
Speaker 3: an upgrade from Bank of America as well for that stock.
Speaker 3: They lifted a price target to a street high of
Speaker 3: three hundred sixty eight dollars versus the current price of
Speaker 3: about two hundred and forty three. So a lot, a
Speaker 3: lot of antispation and a lot riding on this latest
Speaker 3: grand Theft auto release.
Speaker 2: Video gaming for me is pong. That was my We
Speaker 2: thought we were cutting it.
Speaker 1: That's like first Chen video.
Speaker 3: How about X they reported, Yes, they did report Paul
Speaker 3: a bit of a mixed bag there, and that's why
Speaker 3: we're probably seeing the shares on the back foot. So
Speaker 3: chick of fd X, those chairs are done about a
Speaker 3: tenths of one percent here. First earnings reports since they
Speaker 3: completed their spinoff of the freight unit just at EPs
Speaker 3: at six thirty one, actually above XS. But then it
Speaker 3: was the margins that really disappointed here that fell to
Speaker 3: eight point four percent below expectations, fed exciting a bunch
Speaker 3: of different factors, including significant headwinds to global trade policies
Speaker 3: as well as the grounding of some of its cargo
Speaker 3: jet fleet. But you know, they are still looking for
Speaker 3: a bit of an increase in terms of its future outlook.
Speaker 3: They're looking for a sixteen ninety to eighteen ten in
Speaker 3: terms of EPs for the calendar year twenty twenty six,
Speaker 3: which is up for an estimated fifteen dollars in twenty
Speaker 3: twenty five. Let's see if they deliver.
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