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: There's a lot going on in the market. We're going
Speaker 3: to look at some of the individual movers with Bloomberg
Speaker 3: Cross Asset reporter Isabelle.
Speaker 1: Isabel what are you looking at? We have to start
Speaker 1: with Blue Owl. Ticker is Owl. I feel like this
Speaker 1: is really in the headlines a lot these days. Chairs
Speaker 1: are down after the asset manager defended its recent sale
Speaker 1: of the one point four billion of loans from three
Speaker 1: of its funds. So I feel like every day we
Speaker 1: see a new company in the headline, whether it's Cliffwater,
Speaker 1: Blue Owl, even Morgan Stanley is in there. But in
Speaker 1: a private conference last week, the president co president of
Speaker 1: Blue Owl, Craig Packer, said that the four institutions that
Speaker 1: struck a deal with the firm did so on an
Speaker 1: armslength basis, so they're conducting their own due diligence. They
Speaker 1: brought the debt on the same terms, and they received
Speaker 1: no special guarantee. So private credit is a one point
Speaker 1: eight trillon dollar market, and again it's being rattled by
Speaker 1: just angst from investors who are just really worried about
Speaker 1: the wave of redemptions they're seeing, and our lenders overly
Speaker 1: exposed to software companies and all that. So it's really
Speaker 1: kind of I don't want to say it's interesting to see,
Speaker 1: because of course it's not good news. It's a little bit.
Speaker 4: Scary, and some are saying that it may even harken
Speaker 4: back to what we saw back in two thousand and
Speaker 4: seven with the subprime mortgage situation, although we had some
Speaker 4: guests on Bloomberg Surveillance this morning who were saying this
Speaker 4: seems more contained and wouldn't have the same sort of
Speaker 4: contagion effect. But talking about software also, Isabelle JP Morgan
Speaker 4: recently restricted some lending to private credit funds after marking
Speaker 4: down the value of certain software linked launch. So we're
Speaker 4: getting JP Morgan. We're sort of getting very specific there.
Speaker 4: Y Yeah, all right, let's move on. What if you
Speaker 4: got Oh, we're going to do a hard turn and
Speaker 4: talk Bumble the dating app. We go from private credit
Speaker 4: to dating apps only on Bloomberg.
Speaker 1: As a bell only on Bloomberg. I dedicate this to
Speaker 1: all the single people out there. Bumble Tickers BMBL. This
Speaker 1: doc is actually up by thirty four percent, and that's
Speaker 1: the largest jump since Drummroll Please January twenty twenty six,
Speaker 1: according to our sin As function. So this comes after
Speaker 1: the online dating company forecast for the first quarter to
Speaker 1: beat estimates. Guidance also is beating estimates to the company,
Speaker 1: obviously reinforcing concerns about its growth prospects, but there is
Speaker 1: some caution. Bloomberg Intelligence calls it the dating app fatigue.
Speaker 1: I feel like when I ask my friends it's like
Speaker 1: bumble hinge, the one with bagels commutes bay.
Speaker 3: I thought a lot of people were tired of dating apps.
Speaker 3: But interesting to see the stock reaction right now.
Speaker 1: Interesting to see, especially with a little bit of caution because,
Speaker 1: for example, Bloomberg Intelligence they said the fourth quite revenue
Speaker 1: could drop the two hundred and eighteen million. RBC capitalists
Speaker 1: downgraded the stock from outperform to perform and city they
Speaker 1: have a neutral rating. They said that guidance were below
Speaker 1: consensus expectations, et cetera, et cetera. So yeah, stock is
Speaker 1: edging up though by thirty five percent, So I guess
Speaker 1: investors are just focused on the good news, which is
Speaker 1: that they beat estimates.
Speaker 3: And one more very quickly, what else is on your ring?
Speaker 1: Dollar General ticker is DG. I don't think I've ever
Speaker 1: been to a Dollar General store, but I would like to.
Speaker 1: So they forecast sales in line with analysts expectations. So
Speaker 1: you would think this is good news, but not really
Speaker 1: because the stock is now down by five percent. It
Speaker 1: shows a slowing momentum for the company that has routinely
Speaker 1: beat expectations. So comparable sales this fiscal year will gain
Speaker 1: two point two percent analysts projected around to two point
Speaker 1: seven percent. Analysts projected two point forty five percent, so
Speaker 1: the range for the earnings per share came in slightly
Speaker 1: above expectations. We have Bloomer Intelligence against saying the outlook
Speaker 1: is conservative.
Speaker 2: The stock Mover's report from Bloomberg Radio. Check back with
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