1
00:00:02,520 --> 00:00:07,000
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
00:00:16,640 --> 00:00:18,880
Speaker 3: Let's get though to some stocks on the move this

5
00:00:19,000 --> 00:00:21,239
Speaker 3: past week. It was a holiday shortened trading week, just

6
00:00:21,280 --> 00:00:24,120
Speaker 3: four days, but a lot came out investors. Bloomberg News

7
00:00:24,160 --> 00:00:28,080
Speaker 3: Equities reporter Jordan Fitzgerald, She is in our studio. Where

8
00:00:28,080 --> 00:00:28,720
Speaker 3: shall we begin?

9
00:00:29,840 --> 00:00:33,479
Speaker 4: H that's up to you, dealer's choice. Oh, okay, Genuine Parts.

10
00:00:33,760 --> 00:00:37,240
Speaker 5: Let's go with Genuine Parts. Then Genuine Parts down about

11
00:00:37,280 --> 00:00:41,000
Speaker 5: twenty percent this week. That's the worst week since October

12
00:00:41,040 --> 00:00:43,640
Speaker 5: of twenty twenty four, and those shares closed at a

13
00:00:43,720 --> 00:00:47,360
Speaker 5: May low today. Genuine Parts did report results this week,

14
00:00:47,360 --> 00:00:49,640
Speaker 5: and that did include a plan to split off its

15
00:00:49,680 --> 00:00:53,880
Speaker 5: industrial part business and its auto part business. Some analysts

16
00:00:54,000 --> 00:00:57,360
Speaker 5: viewed that as a positive. Some viewed that as a negative.

17
00:00:57,480 --> 00:01:00,880
Speaker 5: The auto segment has struggled and under for the industrial

18
00:01:01,360 --> 00:01:04,000
Speaker 5: but the market really doesn't seem to enjoy this plan

19
00:01:04,080 --> 00:01:07,480
Speaker 5: given how the stock has moved. Q four EPs also

20
00:01:07,520 --> 00:01:08,400
Speaker 5: did miss.

21
00:01:09,000 --> 00:01:10,319
Speaker 4: Yeah so not yeah.

22
00:01:10,360 --> 00:01:11,880
Speaker 3: That was a rough one for this week and very

23
00:01:11,880 --> 00:01:14,520
Speaker 3: specific in terms of fundamental reasons, right, yea, at least

24
00:01:14,520 --> 00:01:15,840
Speaker 3: it were based on investors.

25
00:01:16,200 --> 00:01:19,160
Speaker 1: Okay, let's go to Omnicom. I feel like I should

26
00:01:19,200 --> 00:01:21,920
Speaker 1: know what this company is, but it's an AD I

27
00:01:21,959 --> 00:01:22,560
Speaker 1: don't think I do.

28
00:01:22,880 --> 00:01:24,640
Speaker 4: Okay, Okay, Yeah.

29
00:01:24,720 --> 00:01:28,119
Speaker 5: Those shares were conversely up over twenty percent this week.

30
00:01:28,160 --> 00:01:31,320
Speaker 5: That was the best week since twenty twenty for Omnicomy,

31
00:01:31,400 --> 00:01:33,399
Speaker 5: came very close about one percent shy of having its

32
00:01:33,400 --> 00:01:37,560
Speaker 5: best week ever, and closed at a March high today.

33
00:01:37,720 --> 00:01:40,959
Speaker 5: That company did report results on Wednesday. Fourth quarter revenue

34
00:01:40,959 --> 00:01:43,720
Speaker 5: did beat, and the company initiated a five billion dollar

35
00:01:43,800 --> 00:01:47,040
Speaker 5: buyback program. Ubs also said that the company is really

36
00:01:47,040 --> 00:01:48,200
Speaker 5: strong moventum at the moment.

37
00:01:48,320 --> 00:01:50,240
Speaker 3: Yeah, that one when the arnings came out. Man, that's

38
00:01:50,280 --> 00:01:51,080
Speaker 3: doctor shot up.

39
00:01:51,160 --> 00:01:53,920
Speaker 5: Yeah. Like you said, it doesn't really stick out to you.

40
00:01:53,960 --> 00:01:55,800
Speaker 5: It flies a bit under the radar and just had

41
00:01:55,800 --> 00:01:56,720
Speaker 5: this big blowout week.

42
00:01:56,960 --> 00:01:58,440
Speaker 3: I was amazed at some of the names that were

43
00:01:58,600 --> 00:02:02,040
Speaker 3: moving this week that weren't necessarily household names. I said

44
00:02:02,040 --> 00:02:02,920
Speaker 3: it a lot this week.

45
00:02:03,000 --> 00:02:05,160
Speaker 5: But yeah, usually I'm here on Friday and we talk

46
00:02:05,200 --> 00:02:07,720
Speaker 5: about sand disk and then sand disk and then sand

47
00:02:07,720 --> 00:02:08,200
Speaker 5: disk again.

48
00:02:08,240 --> 00:02:10,359
Speaker 4: And now we've got a little bit more diversity here.

49
00:02:10,440 --> 00:02:14,800
Speaker 3: Yeah, absolutely. All right, take us to Garman ticker is GRMN.

50
00:02:14,960 --> 00:02:16,120
Speaker 3: Tell us about the move this week.

51
00:02:16,240 --> 00:02:19,840
Speaker 5: Yes, Garman, which is a consumer electronics maker, of sixteen

52
00:02:19,840 --> 00:02:22,680
Speaker 5: percent this week. That's the best since November twenty twenty four.

53
00:02:23,080 --> 00:02:26,359
Speaker 5: Company also reported on Wednesday, this is big earnings theme

54
00:02:26,400 --> 00:02:31,239
Speaker 5: this week and it's fullyer pro forma EPs forecast really

55
00:02:31,639 --> 00:02:35,040
Speaker 5: blew expectations out of the water. Key Bank also said

56
00:02:35,040 --> 00:02:37,080
Speaker 5: it was a beat on the top end bottom line.

57
00:02:37,360 --> 00:02:38,000
Speaker 4: So interesting.

58
00:02:38,120 --> 00:02:41,920
Speaker 1: Remember when Garman was just like that thing that you

59
00:02:42,080 --> 00:02:46,200
Speaker 1: kept in your car and the GPS. Nobody uses those anymore.

60
00:02:45,960 --> 00:02:48,040
Speaker 4: Right, No, I honestly couldn't tell you a product that's

61
00:02:48,080 --> 00:02:48,799
Speaker 4: not a GPS.

62
00:02:49,120 --> 00:02:52,760
Speaker 1: Yeah. Okay, but so they've now they have watches, right.

63
00:02:52,680 --> 00:02:55,440
Speaker 3: I guess I don't know if there's big, big and marine,

64
00:02:55,560 --> 00:02:56,920
Speaker 3: I know, like on the water in terms of.

65
00:02:56,960 --> 00:03:00,160
Speaker 5: Navigation, soily GPS is on boats, that's right, totally a

66
00:03:00,160 --> 00:03:00,640
Speaker 5: big sailor.

67
00:03:00,720 --> 00:03:02,240
Speaker 3: It's I mean, you can you know, you could pull

68
00:03:02,240 --> 00:03:03,880
Speaker 3: out the sexton and you can look at you know,

69
00:03:04,200 --> 00:03:07,359
Speaker 3: the compass. But it's really nice to have g I'm impressed.

70
00:03:08,320 --> 00:03:10,040
Speaker 3: All right, this is a story that I feel like

71
00:03:10,080 --> 00:03:10,880
Speaker 3: you need to bring in.

72
00:03:10,960 --> 00:03:15,560
Speaker 1: Okay, Yeah, So Finally, let's finish on Blue Owl Tickr Owl.

73
00:03:15,720 --> 00:03:18,320
Speaker 4: It was a big week for this stock. What happened?

74
00:03:18,480 --> 00:03:19,360
Speaker 4: Who one could.

75
00:03:19,200 --> 00:03:23,240
Speaker 5: Say, Oh, that's good, thank you give me that down

76
00:03:23,360 --> 00:03:26,080
Speaker 5: twelve percent this week, that's the worse since April of

77
00:03:26,160 --> 00:03:28,280
Speaker 5: last year, and the stock closed it a twenty twenty

78
00:03:28,320 --> 00:03:31,360
Speaker 5: three low. And there's just all of this worry going

79
00:03:31,360 --> 00:03:34,280
Speaker 5: on with private credit markets. Yesterday, Blue Owl decided to

80
00:03:34,520 --> 00:03:37,040
Speaker 5: restrict withdrawals from one of its private credit funds, and

81
00:03:37,080 --> 00:03:40,680
Speaker 5: this caused a huge selloff amongst peers like Aries and

82
00:03:40,720 --> 00:03:45,960
Speaker 5: Apollo and Blackstone and today the company it came up

83
00:03:46,040 --> 00:03:48,240
Speaker 5: the company would be unable to secure financing for a

84
00:03:48,240 --> 00:03:50,880
Speaker 5: Core Weave data center project, which is kind of adding

85
00:03:50,920 --> 00:03:53,640
Speaker 5: on to these worries that investors have on this private

86
00:03:53,640 --> 00:03:54,160
Speaker 5: credit name.

87
00:03:54,280 --> 00:03:56,160
Speaker 1: Yeah, that was a big blow to that company and

88
00:03:56,280 --> 00:03:59,480
Speaker 1: also was a big blow to Core Weaves stock as well.

89
00:03:59,480 --> 00:04:03,600
Speaker 1: That stock was down over ten percent just on the day.

90
00:04:03,840 --> 00:04:07,320
Speaker 1: And all speaks to that AI jambs that are going

91
00:04:07,320 --> 00:04:10,040
Speaker 1: on in the markets, whether it's a data center or

92
00:04:10,240 --> 00:04:14,840
Speaker 1: private credit fund that invests in AI or data software.

93
00:04:15,000 --> 00:04:17,360
Speaker 3: Yeah, and it may take some time right the AI

94
00:04:17,440 --> 00:04:20,680
Speaker 3: scare trades until we kind of figure this out because,

95
00:04:21,000 --> 00:04:23,200
Speaker 3: as everyone says, they invest, the spend, the build out.

96
00:04:23,360 --> 00:04:24,280
Speaker 3: We're kind of early in.

97
00:04:24,400 --> 00:04:26,279
Speaker 4: It seems like the volatility.

98
00:04:27,160 --> 00:04:29,440
Speaker 3: Yeah, that makes a market, that's for sure. All Right,

99
00:04:29,440 --> 00:04:31,280
Speaker 3: we're going to leave with there, Jordan, Thank you so much.

100
00:04:32,560 --> 00:04:36,560
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

101
00:04:36,640 --> 00:04:39,240
Speaker 2: us throughout the day for the latest roundup of companies

102
00:04:39,320 --> 00:04:42,400
Speaker 2: making news on Wall Street and for the latest market

103
00:04:42,440 --> 00:04:46,920
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

104
00:04:47,000 --> 00:04:50,479
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

105
00:04:50,560 --> 00:04:52,039
Speaker 2: the Bloomberg Business app.