WEBVTT - FedEx Gains, Super Micro Plunges, Swarmer Surges After IPO

0:00:02.520 --> 0:00:08.720
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

0:00:08.720 --> 0:00:12.560
<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

0:00:12.600 --> 0:00:16.200
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:16.360 --> 0:00:18.040
<v Speaker 3>But let's take a look at some of the stocks

0:00:18.079 --> 0:00:21.400
<v Speaker 3>on the move today. We can do that, Bloomberg, Natalia Kini, Jevich, Natalie,

0:00:21.440 --> 0:00:22.200
<v Speaker 3>what are you looking at today?

0:00:22.280 --> 0:00:25.360
<v Speaker 4>Let's start with FedEx. Guys, the tickets FDx shares are

0:00:25.440 --> 0:00:27.320
<v Speaker 4>up by two percent, but there are up as much

0:00:27.360 --> 0:00:29.880
<v Speaker 4>as ten percent in pre market, So the company raised

0:00:29.880 --> 0:00:35.720
<v Speaker 4>its adjusted EPs forecast. We see that even the bottom

0:00:35.920 --> 0:00:40.800
<v Speaker 4>of this new range is above analyst expectations. FedEx said

0:00:40.840 --> 0:00:43.680
<v Speaker 4>that it does not expect that the war in the

0:00:43.720 --> 0:00:47.560
<v Speaker 4>Middle East to have a direct material impact on its business. However,

0:00:47.640 --> 0:00:50.320
<v Speaker 4>of course, like some bigger consequences such as higher fuel

0:00:50.360 --> 0:00:54.279
<v Speaker 4>prices and potentially slower demand from consumers, that could be

0:00:54.920 --> 0:00:58.360
<v Speaker 4>a head wind for the company. So Bloomberg Intelligence is

0:00:58.400 --> 0:01:02.680
<v Speaker 4>saying that this outlook appears to be achievable, again assuming

0:01:02.920 --> 0:01:07.800
<v Speaker 4>that higher energy costs will not significantly derail consumer spending

0:01:08.360 --> 0:01:12.280
<v Speaker 4>and some analysts. For an analyst from Morgan Stanley also

0:01:12.360 --> 0:01:16.640
<v Speaker 4>highlighted that there is a sharp segment divergence guys, because

0:01:16.760 --> 0:01:21.480
<v Speaker 4>express segment did well, but freight segment materially miss missed

0:01:21.560 --> 0:01:24.920
<v Speaker 4>on week market conditions. So not everything is great within

0:01:24.959 --> 0:01:25.480
<v Speaker 4>the company.

0:01:25.920 --> 0:01:29.960
<v Speaker 1>All right, good recap there, FedEx. What's next on your list? Yeah,

0:01:30.040 --> 0:01:34.040
<v Speaker 1>let's talk about super Micro. That's a big story. So

0:01:34.120 --> 0:01:37.640
<v Speaker 1>shares are down by twenty seven percent today. So the

0:01:37.760 --> 0:01:43.280
<v Speaker 1>US church co founder with illegally diverting billions of dollars

0:01:43.280 --> 0:01:46.720
<v Speaker 1>and then VideA powered servers to China, which is a

0:01:46.800 --> 0:01:50.360
<v Speaker 1>violation of US experts control. So the company's co founder

0:01:50.440 --> 0:01:56.120
<v Speaker 1>and two other individuals allergicly sold servers that are assembled

0:01:56.160 --> 0:01:59.160
<v Speaker 1>here in the United States and they have Nvidia cutting

0:01:59.280 --> 0:02:02.600
<v Speaker 1>edge chips, and they sold those servers to China. The

0:02:02.680 --> 0:02:05.560
<v Speaker 1>total amount of servers that had been sold is about

0:02:05.600 --> 0:02:09.760
<v Speaker 1>two point five billion dollars. Analysts are saying this is

0:02:09.800 --> 0:02:13.560
<v Speaker 1>a big reputational risk for the company. Potentially it could

0:02:13.600 --> 0:02:19.440
<v Speaker 1>impact potentially we can see that the company will lose

0:02:19.720 --> 0:02:20.840
<v Speaker 1>share its share to.

0:02:20.880 --> 0:02:25.320
<v Speaker 4>Dell and Raymond James. Analysts are also saying that super

0:02:25.320 --> 0:02:29.520
<v Speaker 4>Micro might be subject to greatest scrutiny and as a result,

0:02:29.639 --> 0:02:34.360
<v Speaker 4>they couldn't expect higher costs and delays in its operations.

0:02:36.600 --> 0:02:38.040
<v Speaker 1>One more here, one more.

0:02:38.240 --> 0:02:41.919
<v Speaker 4>This is a company that potentially people don't really know about.

0:02:42.040 --> 0:02:48.080
<v Speaker 4>It's called Swarmer. The tickers s WRMR. The stock is

0:02:48.120 --> 0:02:52.560
<v Speaker 4>up by almost one thousand percent guys this week it

0:02:52.680 --> 0:02:56.840
<v Speaker 4>went public. This is a small drone software company. The

0:02:56.880 --> 0:02:58.960
<v Speaker 4>reason why it is important is of course that we

0:02:59.040 --> 0:03:02.880
<v Speaker 4>see that many companies from the defense industry are doing

0:03:02.919 --> 0:03:07.359
<v Speaker 4>really well with these geopolitical risks and uncertainty, and analysts

0:03:07.400 --> 0:03:10.880
<v Speaker 4>are saying even despite the fact that I don't know

0:03:10.919 --> 0:03:14.120
<v Speaker 4>we have geopolitical tensions in the future or not, but

0:03:14.280 --> 0:03:18.480
<v Speaker 4>military spending is going to be higher and higher. And

0:03:18.520 --> 0:03:22.040
<v Speaker 4>it's not just this company. We also some other companies

0:03:22.040 --> 0:03:25.720
<v Speaker 4>from the defense industry, such as Aero Group or Voyage

0:03:25.800 --> 0:03:30.680
<v Speaker 4>or Technologists that went public last year. They did extremely well.

0:03:30.760 --> 0:03:32.200
<v Speaker 4>So defense sector isn't.

0:03:32.000 --> 0:03:34.000
<v Speaker 3>Focused, right, this is let's put this in the focus.

0:03:34.240 --> 0:03:37.240
<v Speaker 3>I'm just looking up this company. They did go public

0:03:37.320 --> 0:03:41.040
<v Speaker 3>on March sixteenth, three point four to five million shares

0:03:41.040 --> 0:03:44.080
<v Speaker 3>at five dollars a share and now it's fifty four dollars.

0:03:44.120 --> 0:03:44.320
<v Speaker 2>Wow.

0:03:44.480 --> 0:03:47.160
<v Speaker 3>Lucid Capital Markets took them public. I don't know lose

0:03:47.160 --> 0:03:49.320
<v Speaker 3>the capital markets, but if you got into that deal,

0:03:49.800 --> 0:03:51.119
<v Speaker 3>that's a pretty good deal.

0:03:51.000 --> 0:03:53.240
<v Speaker 4>And it's an unprofitable business by the way.

0:03:53.520 --> 0:03:57.440
<v Speaker 3>Yeah, okay, no problem. They're they're growing, they're going topline,

0:03:57.480 --> 0:03:58.120
<v Speaker 3>they're going to users.

0:03:59.320 --> 0:04:03.360
<v Speaker 2>This stock move report from Bloomberg Radio. Check back with

0:04:03.440 --> 0:04:06.000
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:06.080 --> 0:04:09.160
<v Speaker 2>making news on Wall Street and for the latest market

0:04:09.200 --> 0:04:13.680
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:04:13.760 --> 0:04:17.240
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:17.320 --> 0:04:18.799
<v Speaker 2>the Bloomberg Business app.