1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,239 Speaker 1: harnessing the power of Bloomberg data. Let's take a look 4 00:00:17,239 --> 00:00:19,520 Speaker 1: at some stocks on the move today. I'm Nathan Hager, 5 00:00:19,600 --> 00:00:24,560 Speaker 1: joined by Bloomberg's Critty Gupta after more earnings reports. Critty, Oh, dear, 6 00:00:25,079 --> 00:00:26,000 Speaker 1: good morning. 7 00:00:26,400 --> 00:00:29,680 Speaker 2: Good morning, Nathan. Let's talk about deer shares that he 8 00:00:29,760 --> 00:00:33,040 Speaker 2: took me there nicely. Dee is your ticker four hundred 9 00:00:33,040 --> 00:00:35,760 Speaker 2: and seventy five dollars a share. You're down almost eight 10 00:00:35,960 --> 00:00:38,800 Speaker 2: percent in the pre market. And Nathan, I think the 11 00:00:38,840 --> 00:00:42,600 Speaker 2: context of this is so interesting because their net income 12 00:00:42,840 --> 00:00:45,760 Speaker 2: and there are sales actually came in fine. It's the 13 00:00:45,760 --> 00:00:48,560 Speaker 2: fact that they actually narrowed their full year net income 14 00:00:48,600 --> 00:00:51,040 Speaker 2: forecast that seems to be getting everyone out of wag. 15 00:00:51,120 --> 00:00:52,920 Speaker 2: Let me just give you some numbers here. Their net 16 00:00:52,920 --> 00:00:55,640 Speaker 2: income forecast was supposed to be at least the estimate 17 00:00:55,720 --> 00:00:57,880 Speaker 2: on Wall Street was between or what they have some 18 00:00:58,040 --> 00:01:00,920 Speaker 2: passage to say is from four point seven five billion 19 00:01:01,320 --> 00:01:05,560 Speaker 2: dollars to five point five billion. They've narrowed that to 20 00:01:05,640 --> 00:01:09,160 Speaker 2: four point seventy five billion to five point two five billion. 21 00:01:09,720 --> 00:01:11,959 Speaker 2: For those who watch the stock, this isn't a massive 22 00:01:12,200 --> 00:01:14,360 Speaker 2: kind of trimming to that outlook. It is, yes, a 23 00:01:14,480 --> 00:01:18,280 Speaker 2: trim to that forecast, but not by a massive margin. Nevertheless, 24 00:01:18,360 --> 00:01:20,880 Speaker 2: Deer is getting punished this morning, like I said, down 25 00:01:20,920 --> 00:01:24,000 Speaker 2: almost eight percent. It really speaks this idea that if 26 00:01:24,040 --> 00:01:27,440 Speaker 2: you are narrowing those forecasts, if you're showing any sort 27 00:01:27,480 --> 00:01:31,319 Speaker 2: of kind of wobbling for lack of a better term, 28 00:01:31,440 --> 00:01:33,400 Speaker 2: then you do get really punished in this market, and 29 00:01:33,440 --> 00:01:35,319 Speaker 2: you're seeing it here in Europe as well, which really 30 00:01:35,319 --> 00:01:37,880 Speaker 2: speaks the idea that after several weeks and months of 31 00:01:38,440 --> 00:01:42,000 Speaker 2: positive kind of numbers, earnings outlooks, even this kind of 32 00:01:42,000 --> 00:01:46,080 Speaker 2: weight and semo that companies have been rallying with despite 33 00:01:46,160 --> 00:01:48,760 Speaker 2: not really being able to quantify the tariff impact or 34 00:01:48,800 --> 00:01:51,560 Speaker 2: even the growth impact, now when they put out those numbers, 35 00:01:51,600 --> 00:01:53,800 Speaker 2: they're really getting hit hard. And I think Deer is 36 00:01:53,840 --> 00:01:57,120 Speaker 2: a great example of a stock that is seeing that dynamic. 37 00:01:57,320 --> 00:01:59,600 Speaker 2: Let's talk about another one here that is moving quite 38 00:01:59,640 --> 00:02:04,080 Speaker 2: a bit. Cisco shares are very much in focus. CSCO 39 00:02:04,560 --> 00:02:06,720 Speaker 2: is your ticker down about nine tens of one percent. 40 00:02:06,760 --> 00:02:09,480 Speaker 2: It's one of your biggest volume movers to the downside. 41 00:02:09,520 --> 00:02:12,880 Speaker 2: Trading at just shy of seventy dollars a share. Now 42 00:02:12,880 --> 00:02:15,040 Speaker 2: this one's really important as well, because of course Cisco 43 00:02:15,200 --> 00:02:17,240 Speaker 2: is part of that big tech trade. But it looks 44 00:02:17,240 --> 00:02:20,960 Speaker 2: like they've also issued a cautious full year revenue outlook, 45 00:02:21,400 --> 00:02:24,520 Speaker 2: even though the earnings were largely in line with expectations. 46 00:02:24,520 --> 00:02:27,280 Speaker 2: But Nathan, in this market, you have to not only 47 00:02:27,280 --> 00:02:29,440 Speaker 2: meet your expectations, you gotta beat them. You gotta be 48 00:02:29,480 --> 00:02:34,079 Speaker 2: positive about the future, and Cisco didn't exactly check those boxes, 49 00:02:34,120 --> 00:02:38,160 Speaker 2: giving a cockperty cautious forecast for the entire fiscal year. 50 00:02:38,200 --> 00:02:40,200 Speaker 2: It looks like you are also getting a series of 51 00:02:40,480 --> 00:02:43,040 Speaker 2: maybe price target changes from Wall Street as well, So 52 00:02:43,040 --> 00:02:46,600 Speaker 2: Cisco shares trading lower this morning. Nathan, I want to 53 00:02:46,600 --> 00:02:48,239 Speaker 2: talk about another stock that I think a lot of 54 00:02:48,280 --> 00:02:51,840 Speaker 2: people have their eye on this morning, and that is bullish. Okay, 55 00:02:51,840 --> 00:02:56,280 Speaker 2: Wall Street is bullish on bullish b lsh. You're welcome. 56 00:02:56,360 --> 00:02:59,080 Speaker 2: I had to trade you one hier by about fourteen 57 00:02:59,240 --> 00:03:02,800 Speaker 2: percent this month, so massive move to the upside. Trading 58 00:03:02,800 --> 00:03:06,320 Speaker 2: at just shive seventy eight dollars a share, quite literally 59 00:03:06,520 --> 00:03:10,160 Speaker 2: seventy seven dollars and seventy seven cents on on screen 60 00:03:10,240 --> 00:03:14,880 Speaker 2: right now, which I think if you're a believer left numbers, yeah, exactly. 61 00:03:14,400 --> 00:03:15,560 Speaker 1: There you got the slots. 62 00:03:15,880 --> 00:03:17,359 Speaker 2: But it also tells you a little bit about the 63 00:03:17,360 --> 00:03:19,560 Speaker 2: crypto move that you're seeing, because crypto shares are higher 64 00:03:19,560 --> 00:03:21,920 Speaker 2: as well, so this is might perhaps really be adding 65 00:03:22,240 --> 00:03:24,760 Speaker 2: to that move to the upside. Nathan, I want to 66 00:03:24,840 --> 00:03:28,200 Speaker 2: end with Tapestry, which is a story, a luxury story 67 00:03:28,240 --> 00:03:30,840 Speaker 2: in the States that I'm a little obsessed with. TPR 68 00:03:31,400 --> 00:03:34,000 Speaker 2: is your ticker this morning, they came out with numbers 69 00:03:34,080 --> 00:03:37,200 Speaker 2: as well, some pretty strong gains when it comes to 70 00:03:37,400 --> 00:03:40,120 Speaker 2: their coach business because they are the conglomerate that owns 71 00:03:40,160 --> 00:03:41,920 Speaker 2: a lot of these brands. But it looks like Kate 72 00:03:42,000 --> 00:03:45,280 Speaker 2: Spade seemed to be what was weighing on those earnings. 73 00:03:45,320 --> 00:03:47,520 Speaker 2: So that is certainly a luxury story in the State 74 00:03:47,880 --> 00:03:49,680 Speaker 2: that you want to keep an eye on the tickers. 75 00:03:49,760 --> 00:03:54,080 Speaker 2: TPR shares really getting punished this morning, down almost seventeen percent, 76 00:03:54,240 --> 00:03:56,040 Speaker 2: trading just shive ninety five dollars a share. 77 00:03:57,680 --> 00:04:01,920 Speaker 1: This stock mover's report from Bloomdio. 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