1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:18,520 Speaker 3: There's a lot going on in the market. We're going 5 00:00:18,520 --> 00:00:20,840 Speaker 3: to look at some of the individual movers with Bloomberg 6 00:00:20,880 --> 00:00:22,480 Speaker 3: Cross Asset reporter Isabelle. 7 00:00:23,120 --> 00:00:25,200 Speaker 1: Isabel what are you looking at? We have to start 8 00:00:25,280 --> 00:00:28,159 Speaker 1: with Blue Owl. Ticker is Owl. I feel like this 9 00:00:28,280 --> 00:00:30,720 Speaker 1: is really in the headlines a lot these days. Chairs 10 00:00:30,760 --> 00:00:33,520 Speaker 1: are down after the asset manager defended its recent sale 11 00:00:33,560 --> 00:00:35,760 Speaker 1: of the one point four billion of loans from three 12 00:00:35,800 --> 00:00:38,040 Speaker 1: of its funds. So I feel like every day we 13 00:00:38,080 --> 00:00:40,480 Speaker 1: see a new company in the headline, whether it's Cliffwater, 14 00:00:40,640 --> 00:00:43,280 Speaker 1: Blue Owl, even Morgan Stanley is in there. But in 15 00:00:43,320 --> 00:00:46,680 Speaker 1: a private conference last week, the president co president of 16 00:00:46,680 --> 00:00:49,360 Speaker 1: Blue Owl, Craig Packer, said that the four institutions that 17 00:00:49,440 --> 00:00:51,640 Speaker 1: struck a deal with the firm did so on an 18 00:00:51,760 --> 00:00:55,200 Speaker 1: armslength basis, so they're conducting their own due diligence. They 19 00:00:55,200 --> 00:00:57,360 Speaker 1: brought the debt on the same terms, and they received 20 00:00:57,360 --> 00:00:59,760 Speaker 1: no special guarantee. So private credit is a one point 21 00:00:59,760 --> 00:01:02,880 Speaker 1: eight trillon dollar market, and again it's being rattled by 22 00:01:03,080 --> 00:01:06,000 Speaker 1: just angst from investors who are just really worried about 23 00:01:06,120 --> 00:01:09,120 Speaker 1: the wave of redemptions they're seeing, and our lenders overly 24 00:01:09,160 --> 00:01:12,080 Speaker 1: exposed to software companies and all that. So it's really 25 00:01:12,200 --> 00:01:14,600 Speaker 1: kind of I don't want to say it's interesting to see, 26 00:01:14,640 --> 00:01:17,199 Speaker 1: because of course it's not good news. It's a little bit. 27 00:01:17,080 --> 00:01:19,000 Speaker 4: Scary, and some are saying that it may even harken 28 00:01:19,040 --> 00:01:20,520 Speaker 4: back to what we saw back in two thousand and 29 00:01:20,560 --> 00:01:23,560 Speaker 4: seven with the subprime mortgage situation, although we had some 30 00:01:23,560 --> 00:01:25,720 Speaker 4: guests on Bloomberg Surveillance this morning who were saying this 31 00:01:25,959 --> 00:01:28,120 Speaker 4: seems more contained and wouldn't have the same sort of 32 00:01:28,240 --> 00:01:32,880 Speaker 4: contagion effect. But talking about software also, Isabelle JP Morgan 33 00:01:33,240 --> 00:01:36,720 Speaker 4: recently restricted some lending to private credit funds after marking 34 00:01:36,760 --> 00:01:39,200 Speaker 4: down the value of certain software linked launch. So we're 35 00:01:39,200 --> 00:01:41,920 Speaker 4: getting JP Morgan. We're sort of getting very specific there. 36 00:01:42,000 --> 00:01:44,240 Speaker 4: Y Yeah, all right, let's move on. What if you 37 00:01:44,240 --> 00:01:45,560 Speaker 4: got Oh, we're going to do a hard turn and 38 00:01:45,600 --> 00:01:48,559 Speaker 4: talk Bumble the dating app. We go from private credit 39 00:01:48,920 --> 00:01:50,800 Speaker 4: to dating apps only on Bloomberg. 40 00:01:50,840 --> 00:01:53,040 Speaker 1: As a bell only on Bloomberg. I dedicate this to 41 00:01:53,080 --> 00:01:57,680 Speaker 1: all the single people out there. Bumble Tickers BMBL. This 42 00:01:57,800 --> 00:02:00,920 Speaker 1: doc is actually up by thirty four percent, and that's 43 00:02:00,960 --> 00:02:05,440 Speaker 1: the largest jump since Drummroll Please January twenty twenty six, 44 00:02:05,520 --> 00:02:08,679 Speaker 1: according to our sin As function. So this comes after 45 00:02:08,760 --> 00:02:11,600 Speaker 1: the online dating company forecast for the first quarter to 46 00:02:11,639 --> 00:02:14,840 Speaker 1: beat estimates. Guidance also is beating estimates to the company, 47 00:02:14,880 --> 00:02:19,000 Speaker 1: obviously reinforcing concerns about its growth prospects, but there is 48 00:02:19,000 --> 00:02:22,880 Speaker 1: some caution. Bloomberg Intelligence calls it the dating app fatigue. 49 00:02:23,160 --> 00:02:24,680 Speaker 1: I feel like when I ask my friends it's like 50 00:02:24,760 --> 00:02:29,639 Speaker 1: bumble hinge, the one with bagels commutes bay. 51 00:02:30,000 --> 00:02:31,960 Speaker 3: I thought a lot of people were tired of dating apps. 52 00:02:32,000 --> 00:02:34,200 Speaker 3: But interesting to see the stock reaction right now. 53 00:02:34,360 --> 00:02:37,000 Speaker 1: Interesting to see, especially with a little bit of caution because, 54 00:02:37,120 --> 00:02:39,560 Speaker 1: for example, Bloomberg Intelligence they said the fourth quite revenue 55 00:02:39,560 --> 00:02:42,680 Speaker 1: could drop the two hundred and eighteen million. RBC capitalists 56 00:02:42,720 --> 00:02:46,800 Speaker 1: downgraded the stock from outperform to perform and city they 57 00:02:46,880 --> 00:02:49,560 Speaker 1: have a neutral rating. They said that guidance were below 58 00:02:49,560 --> 00:02:53,200 Speaker 1: consensus expectations, et cetera, et cetera. So yeah, stock is 59 00:02:53,360 --> 00:02:56,240 Speaker 1: edging up though by thirty five percent, So I guess 60 00:02:56,240 --> 00:02:59,679 Speaker 1: investors are just focused on the good news, which is 61 00:02:59,720 --> 00:03:01,280 Speaker 1: that they beat estimates. 62 00:03:01,480 --> 00:03:03,440 Speaker 3: And one more very quickly, what else is on your ring? 63 00:03:03,560 --> 00:03:06,280 Speaker 1: Dollar General ticker is DG. I don't think I've ever 64 00:03:06,320 --> 00:03:08,640 Speaker 1: been to a Dollar General store, but I would like to. 65 00:03:08,760 --> 00:03:12,360 Speaker 1: So they forecast sales in line with analysts expectations. So 66 00:03:12,400 --> 00:03:14,280 Speaker 1: you would think this is good news, but not really 67 00:03:14,360 --> 00:03:17,560 Speaker 1: because the stock is now down by five percent. It 68 00:03:17,760 --> 00:03:20,399 Speaker 1: shows a slowing momentum for the company that has routinely 69 00:03:20,520 --> 00:03:24,040 Speaker 1: beat expectations. So comparable sales this fiscal year will gain 70 00:03:24,080 --> 00:03:27,960 Speaker 1: two point two percent analysts projected around to two point 71 00:03:28,000 --> 00:03:31,120 Speaker 1: seven percent. Analysts projected two point forty five percent, so 72 00:03:31,520 --> 00:03:34,040 Speaker 1: the range for the earnings per share came in slightly 73 00:03:34,080 --> 00:03:37,280 Speaker 1: above expectations. We have Bloomer Intelligence against saying the outlook 74 00:03:37,440 --> 00:03:38,160 Speaker 1: is conservative. 75 00:03:39,200 --> 00:03:43,200 Speaker 2: The stock Mover's report from Bloomberg Radio. Check back with 76 00:03:43,280 --> 00:03:45,880 Speaker 2: us throughout the day for the latest roundup of companies 77 00:03:45,960 --> 00:03:49,040 Speaker 2: making news on Wall Street and for the latest market 78 00:03:49,080 --> 00:03:53,560 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 79 00:03:53,640 --> 00:03:57,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 80 00:03:57,200 --> 00:03:58,680 Speaker 2: the Bloomberg Business app.