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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: All right, I'm Carol Masser along with Nora Melinda here

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Speaker 1: on Bloomberg Businessweekdaily. We want to get into some of

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Speaker 1: the stocks on the move today. Here to do that

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Speaker 1: is Bloomberg News Deputy team leader for US Equities Jess

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Speaker 1: Metten in our studio. All right, good to have you here.

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Speaker 1: So let's start with Paycom.

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Speaker 3: What are we seeing?

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Speaker 4: So this is a software cloud company that works more

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Speaker 4: in the payroll and HR space, so some of its

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Speaker 4: rivals are Workday. So Paycom is in the S and

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Speaker 4: P five hundred. The ticker symbol is PAYC. So it

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Speaker 4: actually jumped as much as twelve percent earlier this morning,

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Speaker 4: gave up some of those gains, but still actually up

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Speaker 4: close to about four percent right now. So I wanted

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Speaker 4: to point that out just because it did boost its

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Speaker 4: full year revenue forecast. And this does tie to AI

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Speaker 4: because it was driven by artificial intelligence demands. So obviously

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Speaker 4: not just when you think of those tech and growth

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Speaker 4: companies when it's an AI story, but also when it

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Speaker 4: comes to payroll in HR software providers there, and I

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Speaker 4: wanted to point out too, because when you're looking at

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Speaker 4: that stock, it actually was trading around right now close

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Speaker 4: to two hundred and thirty one dollars. It got close

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Speaker 4: to resistance from a technical perspective around two forty three

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Speaker 4: earlier today, So that was actually dating back to its

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Speaker 4: December high. So that might be some of the reasons

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Speaker 4: why we saw it pulled back a little bit there.

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Speaker 4: But a in our function, if you want to look

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Speaker 4: at the cell side targets there there's four buys, fifteen

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Speaker 4: holes and zero cells.

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Speaker 3: Why I was about the number one gainer in the

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Speaker 3: S ANDP it why it was, Yes, it was and

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Speaker 3: so and now it's I had to talk to because

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Speaker 3: I didn't recognize the ticker. And again these software companies

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Speaker 3: that are outperformed.

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Speaker 4: It was added to the S and P five hundred

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Speaker 4: actually a little bit more than five years ago in

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Speaker 4: January of twenty twenty. So it is indeed in the

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Speaker 4: major indecks of about fourteen percent so far this year.

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Speaker 4: What else are you looking at? So I'm going to

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Speaker 4: move over to the decliners today. It's the two worst

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Speaker 4: performers in the S and P five hundred. So we'll

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Speaker 4: start off first with Fortinet FTTNT is this ticker symbol

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Speaker 4: on this down twenty five percent, so this would be

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Speaker 4: on pace if it holds through the clothes. It's worst

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Speaker 4: day since November two thousand and nine, so when you're

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Speaker 4: thinking about cybersecurity, and also some of its peers really

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Speaker 4: balche no exactly so to go that far back, and

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Speaker 4: it's the worst performer in the NAZAQ one hundred as well.

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Speaker 4: So it gave an update to its firewall refresh cycle.

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Speaker 4: The problem was it wasn't as good as what cell

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Speaker 4: side strategists, shareholders and investors were anticipating. So really it

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Speaker 4: was supposed to be this opportunity to update or renew

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Speaker 4: that type of IT infrastructure, but that unfortunately the product

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Speaker 4: growth the estimates were declining there and so that's why

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Speaker 4: you're seeing it getting pummeled on the cell side though,

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Speaker 4: William Blair analysts saying they're not seeing strong product revenue

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Speaker 4: growth and billings materialize right now. And then of course

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Speaker 4: Bloomberg Intelligence Zone man Deep Sing was pouring out as

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Speaker 4: well that fortnete is unlikely to see any big profit

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Speaker 4: lived from its product refresh cycle. So you all are

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Speaker 4: seeing those piers like data dog. Of course, one of

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Speaker 4: Tom King's favorite d dog is the ticker symbol and

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Speaker 4: that down more than four percent. And then also looking

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Speaker 4: at Palo Alto Networks pa n W is the ticker

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Speaker 4: down four percent as well.

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Speaker 1: Let's talk Eli Lily ticker l wyse, I mean.

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Speaker 4: Her green blaker.

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Speaker 1: I know, I know, there she goes.

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Speaker 4: I know, I still unfortunately poured the corel of lotter

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Speaker 4: on it, but I had to point out because.

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Speaker 1: It's such a tear a year after year, but a

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Speaker 1: different tone today.

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Speaker 4: And this is the second worst performer in the S

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Speaker 4: and P five hundred before, behind a Fortnite. So when

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Speaker 4: you're looking at this stock, the ticker symbol ll Y

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Speaker 4: down fourteen percent on pace and I had a double

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Speaker 4: check this on piece of its worst day since August

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Speaker 4: two thousand. Is pretty wild there. So on the flip

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Speaker 4: side of that, if you look at its rival Novo

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Speaker 4: nordis if the US listed shares here, nvos the tickers

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Speaker 4: and actually up seven percent because they're going to benefit

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Speaker 4: from this. So if you're looking at Eli Lilly, of

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Speaker 4: course it's outlook for twenty twenty five top quarterly estimates.

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Speaker 4: If you're looking at those types of drugs that we

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Speaker 4: talk about so much with Montero and zep Bound, those

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Speaker 4: sales are actually soaring. But unfortunately it was this study

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Speaker 4: that they were doing that overshadowed some of the optimism

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Speaker 4: when it comes to earnings. So it's experimental pill that

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Speaker 4: helped patients actually shed roughly about eleven percent of their

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Speaker 4: body weight in a late stage study. It just wasn't

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Speaker 4: as good and as close to what its rival Novodortis

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Speaker 4: had done. That's why you ended up seeing that pumbled.

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Speaker 4: So you're seeing those two stocks diverge and go in

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Speaker 4: different directions from needles to pills.

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Speaker 3: Right, that's the new transition they're hoping.

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Speaker 1: They're hopefully, you know, those having its own problems as well.

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Speaker 1: I mean, it's just as we kind of transition through.

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Speaker 2: The stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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