WEBVTT - Oracle Drops, UPS Falls, Centene Climbs After Boost to Profit Outlook

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 3>Is take a look at some of the stocks on

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<v Speaker 3>the move today. We can do that with Bloomberg's Avalon

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<v Speaker 3>for now, Avlon, what are you looking in?

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<v Speaker 1>Well, we can start off with Oracle. That's tickerrcl probably

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<v Speaker 1>one of the bigger stories today, falling now about two

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<v Speaker 1>point eight percent as after the Wall Street Journal reported

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<v Speaker 1>earlier that open Ai recently failed to meet its targets

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<v Speaker 1>for sales and also new users. And this report just

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<v Speaker 1>is reviving worries among investors on the scale of that

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<v Speaker 1>AI spending ahead of especially the to Big seven tech

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<v Speaker 1>earnings that are happening later this week. Bloomberg Intelligence writing

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<v Speaker 1>in a great note that while open ai is missed

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<v Speaker 1>will have an impact throughout the AI ecosystem, Oracle is

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<v Speaker 1>potentially the most exposed in terms of risks to its

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<v Speaker 1>financial goals. Though what Bush is saying that they would

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<v Speaker 1>be buyers among the weakness in Oracle and also those

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<v Speaker 1>tech stocks.

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<v Speaker 3>All right, good stuff.

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<v Speaker 1>Certainly will continue to watch for the ripple effect from

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<v Speaker 1>this next one. UPS. That's also ticker UPS sliding now

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<v Speaker 1>about five point two percent. That's after the delivery service

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<v Speaker 1>firms left its financial guidance unchanged. Despite topping Wall Street's

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<v Speaker 1>expectations for first quarter sales and profit, UPS continues to

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<v Speaker 1>face challenges across the board, from shifting US trade policies

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<v Speaker 1>to rising fuel cost and also higher labor and City

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<v Speaker 1>says that the weakness really reflects rising expectations against that

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<v Speaker 1>reiterated guide and also domestic margin misses.

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<v Speaker 3>No air conditioning in the UPS trucks.

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<v Speaker 1>That's so sorry.

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<v Speaker 3>I was feel sorry for the folks out there doing that,

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<v Speaker 3>like those really hot days.

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<v Speaker 2>Is that still the case?

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<v Speaker 3>I think so? But UPS, there's thing is they're just

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<v Speaker 3>bare bones. We're tough, we're low cost.

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<v Speaker 1>Where that's kind of the way unions would go for

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<v Speaker 1>that or whatever.

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<v Speaker 3>I don't know, it's interesting, but I always feel sorry

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<v Speaker 3>for those ones. All right, Senten, what else you got for?

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<v Speaker 1>Yes, that's ticker CNC rising now about six point four

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<v Speaker 1>percent most interday since January, making it one of the

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<v Speaker 1>top performers in the S and P five hundred this morning,

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<v Speaker 1>and that's after a health insurer boosted its profit outlook

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<v Speaker 1>and also reported a first quarter beat. What's really important

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<v Speaker 1>to mention is that Centeen's Bambacare membership loss was less

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<v Speaker 1>than initially expected, and that's pretty important one you kind

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<v Speaker 1>of think about the risk pools. It means that potentially

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<v Speaker 1>they can stay widely the same and the print is

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<v Speaker 1>really another sign of recovery among health insurers, especially as

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<v Speaker 1>the sector comes off a pretty rough year. Jeffries Is

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<v Speaker 1>writing that Senteen posted quite strong results, especially compared to

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<v Speaker 1>a lower bar from the Wall Street expectations.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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