1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock. Moover's report 3 00:00:13,600 --> 00:00:16,560 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,280 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlettfoo. 5 00:00:22,440 --> 00:00:23,800 Speaker 3: Let me take you through some of the gainers that 6 00:00:23,840 --> 00:00:27,000 Speaker 3: I've been looking at today, starting with BKNG Booking Holdings. 7 00:00:27,040 --> 00:00:29,440 Speaker 3: I love, a Delaware based holding company here This owns 8 00:00:29,440 --> 00:00:32,800 Speaker 3: Booking dot Com, Priceline dot Com, Kayaka, and the rest. Obviously, 9 00:00:33,040 --> 00:00:35,360 Speaker 3: we're focused on the way the travel companies are dealing 10 00:00:35,360 --> 00:00:38,240 Speaker 3: with the economic uncertainty and the kind of contours of 11 00:00:38,280 --> 00:00:41,320 Speaker 3: the trade. Were JP Morgan maintaining it with an overweight, 12 00:00:41,400 --> 00:00:43,400 Speaker 3: raising the price target there from fifty three sixty to 13 00:00:43,440 --> 00:00:45,559 Speaker 3: six thousand. Someone that I've been following this afternoon. 14 00:00:45,600 --> 00:00:47,760 Speaker 1: All right, one other mover here on the day is 15 00:00:47,840 --> 00:00:50,080 Speaker 1: five below. They dropped about eight tens of percent in 16 00:00:50,159 --> 00:00:52,840 Speaker 1: the regular cash session. The share is moving even lower 17 00:00:52,880 --> 00:00:55,160 Speaker 1: now in the after hours trade after it's earning has 18 00:00:55,200 --> 00:00:57,600 Speaker 1: just crossed the wire. The company said the first quarter 19 00:00:57,640 --> 00:00:59,880 Speaker 1: EPs did come in about seventy five cents of s. 20 00:01:00,440 --> 00:01:02,520 Speaker 1: That is a beat, So that is certainly good, but 21 00:01:02,600 --> 00:01:05,200 Speaker 1: here's your guidance going forward for the second quarter. The 22 00:01:05,200 --> 00:01:08,600 Speaker 1: company says it expects a range on EPs of forty 23 00:01:08,600 --> 00:01:10,839 Speaker 1: five cents to fifty seven cents to share. The street 24 00:01:10,840 --> 00:01:13,000 Speaker 1: on average was looking for fifty eight cents, so the 25 00:01:13,080 --> 00:01:15,319 Speaker 1: high end of that range is below the average of 26 00:01:15,440 --> 00:01:19,360 Speaker 1: street estimates. As for sales and revenue, here comp sales, 27 00:01:20,880 --> 00:01:22,240 Speaker 1: let me just go back to the full year. Here 28 00:01:22,240 --> 00:01:25,080 Speaker 1: they are providing a full year sales figure net sales 29 00:01:25,080 --> 00:01:26,880 Speaker 1: four point three to three to four point four to 30 00:01:26,920 --> 00:01:30,840 Speaker 1: two billion, that actually believed it is actually above its 31 00:01:30,920 --> 00:01:33,160 Speaker 1: previous guidance that it had given a four point two 32 00:01:33,200 --> 00:01:35,240 Speaker 1: to four point three to three. So you added up 33 00:01:35,240 --> 00:01:37,120 Speaker 1: all together, you had a beat in the quarter. But 34 00:01:37,200 --> 00:01:40,039 Speaker 1: the guidance going forward seems to suggest some weakness on 35 00:01:40,080 --> 00:01:42,360 Speaker 1: the bottom line, though they do seem to be guiding 36 00:01:42,400 --> 00:01:44,360 Speaker 1: a little bit higher on the top line, a. 37 00:01:44,360 --> 00:01:46,560 Speaker 3: Lot of interest in those trendy, fun and affordable fines 38 00:01:46,600 --> 00:01:48,480 Speaker 3: at five below, it seems. Let me turn to another 39 00:01:48,480 --> 00:01:50,160 Speaker 3: stock I've been watching today but also over the course 40 00:01:50,160 --> 00:01:52,800 Speaker 3: of the year. That's Netflix. We saw UBS rays it's 41 00:01:52,840 --> 00:01:57,800 Speaker 3: price target on Netflix to fourteen fifty UBS citing secular 42 00:01:57,840 --> 00:02:01,240 Speaker 3: trends and competitive dynamics, remaining supportive of Netflix's ability to 43 00:02:01,320 --> 00:02:04,400 Speaker 3: drive stronger monetization and operating leverage. And just to give 44 00:02:04,400 --> 00:02:06,880 Speaker 3: a little bit more color here, Netflix up forty percent 45 00:02:07,000 --> 00:02:10,160 Speaker 3: nearly forty percent this year, and I'll stick with companies 46 00:02:10,200 --> 00:02:12,400 Speaker 3: based on the West coast to meta as my last 47 00:02:12,400 --> 00:02:15,519 Speaker 3: gainer here saw price tigert target height from JP Morgan 48 00:02:15,560 --> 00:02:18,639 Speaker 3: a day after a company announced a partnership with Constellation Energy. 49 00:02:18,639 --> 00:02:21,160 Speaker 3: Talked a lot about that yesterday, But that twenty year 50 00:02:21,240 --> 00:02:23,919 Speaker 3: deal that it brokeered for nuclear power going forward, and 51 00:02:23,960 --> 00:02:27,560 Speaker 3: I think kind of encapsulates this company's interest double down 52 00:02:27,560 --> 00:02:30,560 Speaker 3: interest here in using AI and using AI for advertising 53 00:02:30,560 --> 00:02:31,119 Speaker 3: in particular. 54 00:02:31,360 --> 00:02:34,200 Speaker 4: Okay, let's get to some of the decliner's CrowdStrike dropping 55 00:02:34,280 --> 00:02:37,400 Speaker 4: over five percent today. This is a cybersecurity company that 56 00:02:37,440 --> 00:02:40,840 Speaker 4: projected revenue for the current period that trailed estimates. They 57 00:02:40,880 --> 00:02:43,320 Speaker 4: see sales for the second quarter will be as much 58 00:02:43,320 --> 00:02:47,000 Speaker 4: as one point one five billion, just slightly missing estimates 59 00:02:47,000 --> 00:02:49,080 Speaker 4: of one point one six billion. This, of course, was 60 00:02:49,120 --> 00:02:52,359 Speaker 4: the first financial update since the company announced it would 61 00:02:52,360 --> 00:02:55,680 Speaker 4: cut about five percent of its global workforce. Later in 62 00:02:55,720 --> 00:02:58,200 Speaker 4: the trading day, we also got a headline out of 63 00:02:58,200 --> 00:03:00,800 Speaker 4: this company that they said, the DOJ and the SEC 64 00:03:00,880 --> 00:03:04,519 Speaker 4: sent inquiries on firm accounting. The firm, though, said that 65 00:03:04,560 --> 00:03:07,560 Speaker 4: they are cooperating with the inquiry, with that stock again 66 00:03:07,639 --> 00:03:11,160 Speaker 4: down over five percent today. Dollar Tree was another company 67 00:03:11,720 --> 00:03:14,160 Speaker 4: with a warning out today. They warned investors that their 68 00:03:14,240 --> 00:03:17,280 Speaker 4: second quarter profit could be down as much as fifty 69 00:03:17,480 --> 00:03:20,400 Speaker 4: percent from a year ago as it deals with tariff 70 00:03:20,560 --> 00:03:24,840 Speaker 4: related costs. Dollar Tree not to be confused with Dollar General. 71 00:03:24,960 --> 00:03:27,560 Speaker 4: Dollar General generates about eighty percent of sales from food 72 00:03:27,600 --> 00:03:30,680 Speaker 4: and consumable goods, which are less reliant on imports. Dollar 73 00:03:30,720 --> 00:03:33,760 Speaker 4: Tree gets almost half of its revenue from those categories. 74 00:03:33,960 --> 00:03:36,440 Speaker 4: It's more reliant on goods from other countries, so they 75 00:03:36,440 --> 00:03:38,120 Speaker 4: are more exposed to that hit. 76 00:03:38,480 --> 00:03:40,360 Speaker 5: I do want to get to some other earnings. We 77 00:03:40,440 --> 00:03:42,840 Speaker 5: just got through five below. Let's turn our attention to 78 00:03:43,080 --> 00:03:46,720 Speaker 5: Mango dB coming out with their results. They boosted their 79 00:03:46,760 --> 00:03:50,320 Speaker 5: full year adjusted EPs forecast. They also beat estimates. Their 80 00:03:50,320 --> 00:03:53,160 Speaker 5: first quarter adjusted EPs came in at one dollar and 81 00:03:53,720 --> 00:03:57,680 Speaker 5: six cents. The estimate had been for just sixty seven cents, 82 00:03:57,680 --> 00:04:00,720 Speaker 5: so quite a beat there. Take a look at their 83 00:04:00,720 --> 00:04:03,520 Speaker 5: full year adjusted EPs, they see it between two dollars 84 00:04:03,560 --> 00:04:06,000 Speaker 5: and ninety four cents to three dollars and twelve cents. 85 00:04:06,240 --> 00:04:09,600 Speaker 5: Previously they had seen two dollars and forty four cents 86 00:04:09,600 --> 00:04:12,480 Speaker 5: to two dollars and sixty two cents. So quite a 87 00:04:12,480 --> 00:04:14,760 Speaker 5: big beat there, and you're certainly seeing that in the 88 00:04:14,800 --> 00:04:17,600 Speaker 5: after our movement in the shares up about nine percent 89 00:04:18,040 --> 00:04:19,080 Speaker 5: at the moment there. 90 00:04:19,680 --> 00:04:23,160 Speaker 4: Yeah, this was a much needed bit for Mango do B. 91 00:04:23,360 --> 00:04:26,400 Speaker 4: This stock was down fourteen percent year to date through 92 00:04:26,440 --> 00:04:29,599 Speaker 4: today's close, so we'll see how those gains translate into 93 00:04:29,680 --> 00:04:32,400 Speaker 4: tomorrow's trading session. But just back on the decliners. My 94 00:04:32,480 --> 00:04:35,200 Speaker 4: last one is not a stock, it's an ETF. Katie's 95 00:04:35,240 --> 00:04:39,000 Speaker 4: gonna like this. Oh I did this for us xl E. 96 00:04:40,000 --> 00:04:42,760 Speaker 4: This is an energy stock. ETF. Energy was the worst 97 00:04:42,760 --> 00:04:45,520 Speaker 4: performing sector in the S and P five hundred. Today 98 00:04:45,520 --> 00:04:49,080 Speaker 4: we saw stocks across that sector retreating along with crude 99 00:04:49,120 --> 00:04:52,440 Speaker 4: oil prices after Saudi Arabia is now pushing for more 100 00:04:52,640 --> 00:04:58,520 Speaker 4: supersized output hikes from the OPEC plus group of producing countries. Marathon, Petroleum, 101 00:04:58,640 --> 00:05:00,720 Speaker 4: Valero were some of those names we're dropping. And of 102 00:05:00,720 --> 00:05:04,400 Speaker 4: course that ETF down, closing the day almost down two percent. 103 00:05:04,680 --> 00:05:06,400 Speaker 1: All Right, we have to talk, of a course about 104 00:05:06,440 --> 00:05:08,640 Speaker 1: what we saw in yields. Because we came into today 105 00:05:08,680 --> 00:05:10,599 Speaker 1: yields were hired, but only fractionally. It looked like we 106 00:05:10,600 --> 00:05:12,960 Speaker 1: weren't really going to get any real movement in yields. 107 00:05:12,960 --> 00:05:14,960 Speaker 1: And that changed in a big way right around eight 108 00:05:15,000 --> 00:05:17,159 Speaker 1: fifteen am New York time on the back of that 109 00:05:17,279 --> 00:05:20,800 Speaker 1: ADP report and the decline accelebrated once we got to 110 00:05:20,920 --> 00:05:24,480 Speaker 1: ten am. In that Ism Services report, we basically went 111 00:05:24,480 --> 00:05:27,080 Speaker 1: from yields higher to yields lower, down about eight to 112 00:05:27,160 --> 00:05:29,800 Speaker 1: nine basis points between the two and your ten year, 113 00:05:29,960 --> 00:05:32,440 Speaker 1: and of course you see that thirty year yield dropping 114 00:05:32,440 --> 00:05:35,000 Speaker 1: about ten basis points, a big revision. We should also 115 00:05:35,000 --> 00:05:38,159 Speaker 1: point out in forecasts in the swap market for what 116 00:05:38,200 --> 00:05:41,080 Speaker 1: the Fed may do next, pricing in the possibility of 117 00:05:41,120 --> 00:05:43,360 Speaker 1: at least about three cuts this year potentially and now 118 00:05:43,440 --> 00:05:47,000 Speaker 1: potentially more certainty for a cut by September. 119 00:05:48,680 --> 00:05:52,680 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 120 00:05:52,760 --> 00:05:55,360 Speaker 2: us throughout the day for the latest roundup of companies 121 00:05:55,440 --> 00:05:58,520 Speaker 2: making news on Wall Street and for the latest market 122 00:05:58,560 --> 00:06:03,000 Speaker 2: moving headlines. 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