WEBVTT - Closing Bell: Netflix Rises, Meta Powers On, CrowdStrike Drops

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

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<v Speaker 2>This is the closing bell on this stock. Moover's report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlettfoo.

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<v Speaker 3>Let me take you through some of the gainers that

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<v Speaker 3>I've been looking at today, starting with BKNG Booking Holdings.

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<v Speaker 3>I love, a Delaware based holding company here This owns

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<v Speaker 3>Booking dot Com, Priceline dot Com, Kayaka, and the rest. Obviously,

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<v Speaker 3>we're focused on the way the travel companies are dealing

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<v Speaker 3>with the economic uncertainty and the kind of contours of

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<v Speaker 3>the trade. Were JP Morgan maintaining it with an overweight,

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<v Speaker 3>raising the price target there from fifty three sixty to

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<v Speaker 3>six thousand. Someone that I've been following this afternoon.

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<v Speaker 1>All right, one other mover here on the day is

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<v Speaker 1>five below. They dropped about eight tens of percent in

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<v Speaker 1>the regular cash session. The share is moving even lower

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<v Speaker 1>now in the after hours trade after it's earning has

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<v Speaker 1>just crossed the wire. The company said the first quarter

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<v Speaker 1>EPs did come in about seventy five cents of s.

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<v Speaker 1>That is a beat, So that is certainly good, but

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<v Speaker 1>here's your guidance going forward for the second quarter. The

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<v Speaker 1>company says it expects a range on EPs of forty

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<v Speaker 1>five cents to fifty seven cents to share. The street

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<v Speaker 1>on average was looking for fifty eight cents, so the

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<v Speaker 1>high end of that range is below the average of

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<v Speaker 1>street estimates. As for sales and revenue, here comp sales,

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<v Speaker 1>let me just go back to the full year. Here

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<v Speaker 1>they are providing a full year sales figure net sales

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<v Speaker 1>four point three to three to four point four to

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<v Speaker 1>two billion, that actually believed it is actually above its

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<v Speaker 1>previous guidance that it had given a four point two

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<v Speaker 1>to four point three to three. So you added up

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<v Speaker 1>all together, you had a beat in the quarter. But

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<v Speaker 1>the guidance going forward seems to suggest some weakness on

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<v Speaker 1>the bottom line, though they do seem to be guiding

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<v Speaker 1>a little bit higher on the top line, a.

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<v Speaker 3>Lot of interest in those trendy, fun and affordable fines

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<v Speaker 3>at five below, it seems. Let me turn to another

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<v Speaker 3>stock I've been watching today but also over the course

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<v Speaker 3>of the year. That's Netflix. We saw UBS rays it's

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<v Speaker 3>price target on Netflix to fourteen fifty UBS citing secular

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<v Speaker 3>trends and competitive dynamics, remaining supportive of Netflix's ability to

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<v Speaker 3>drive stronger monetization and operating leverage. And just to give

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<v Speaker 3>a little bit more color here, Netflix up forty percent

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<v Speaker 3>nearly forty percent this year, and I'll stick with companies

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<v Speaker 3>based on the West coast to meta as my last

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<v Speaker 3>gainer here saw price tigert target height from JP Morgan

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<v Speaker 3>a day after a company announced a partnership with Constellation Energy.

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<v Speaker 3>Talked a lot about that yesterday, But that twenty year

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<v Speaker 3>deal that it brokeered for nuclear power going forward, and

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<v Speaker 3>I think kind of encapsulates this company's interest double down

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<v Speaker 3>interest here in using AI and using AI for advertising

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<v Speaker 3>in particular.

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<v Speaker 4>Okay, let's get to some of the decliner's CrowdStrike dropping

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<v Speaker 4>over five percent today. This is a cybersecurity company that

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<v Speaker 4>projected revenue for the current period that trailed estimates. They

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<v Speaker 4>see sales for the second quarter will be as much

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<v Speaker 4>as one point one five billion, just slightly missing estimates

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<v Speaker 4>of one point one six billion. This, of course, was

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<v Speaker 4>the first financial update since the company announced it would

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<v Speaker 4>cut about five percent of its global workforce. Later in

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<v Speaker 4>the trading day, we also got a headline out of

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<v Speaker 4>this company that they said, the DOJ and the SEC

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<v Speaker 4>sent inquiries on firm accounting. The firm, though, said that

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<v Speaker 4>they are cooperating with the inquiry, with that stock again

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<v Speaker 4>down over five percent today. Dollar Tree was another company

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<v Speaker 4>with a warning out today. They warned investors that their

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<v Speaker 4>second quarter profit could be down as much as fifty

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<v Speaker 4>percent from a year ago as it deals with tariff

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<v Speaker 4>related costs. Dollar Tree not to be confused with Dollar General.

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<v Speaker 4>Dollar General generates about eighty percent of sales from food

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<v Speaker 4>and consumable goods, which are less reliant on imports. Dollar

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<v Speaker 4>Tree gets almost half of its revenue from those categories.

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<v Speaker 4>It's more reliant on goods from other countries, so they

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<v Speaker 4>are more exposed to that hit.

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<v Speaker 5>I do want to get to some other earnings. We

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<v Speaker 5>just got through five below. Let's turn our attention to

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<v Speaker 5>Mango dB coming out with their results. They boosted their

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<v Speaker 5>full year adjusted EPs forecast. They also beat estimates. Their

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<v Speaker 5>first quarter adjusted EPs came in at one dollar and

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<v Speaker 5>six cents. The estimate had been for just sixty seven cents,

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<v Speaker 5>so quite a beat there. Take a look at their

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<v Speaker 5>full year adjusted EPs, they see it between two dollars

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<v Speaker 5>and ninety four cents to three dollars and twelve cents.

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<v Speaker 5>Previously they had seen two dollars and forty four cents

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<v Speaker 5>to two dollars and sixty two cents. So quite a

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<v Speaker 5>big beat there, and you're certainly seeing that in the

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<v Speaker 5>after our movement in the shares up about nine percent

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<v Speaker 5>at the moment there.

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<v Speaker 4>Yeah, this was a much needed bit for Mango do B.

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<v Speaker 4>This stock was down fourteen percent year to date through

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<v Speaker 4>today's close, so we'll see how those gains translate into

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<v Speaker 4>tomorrow's trading session. But just back on the decliners. My

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<v Speaker 4>last one is not a stock, it's an ETF. Katie's

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<v Speaker 4>gonna like this. Oh I did this for us xl E.

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<v Speaker 4>This is an energy stock. ETF. Energy was the worst

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<v Speaker 4>performing sector in the S and P five hundred. Today

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<v Speaker 4>we saw stocks across that sector retreating along with crude

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<v Speaker 4>oil prices after Saudi Arabia is now pushing for more

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<v Speaker 4>supersized output hikes from the OPEC plus group of producing countries. Marathon, Petroleum,

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<v Speaker 4>Valero were some of those names we're dropping. And of

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<v Speaker 4>course that ETF down, closing the day almost down two percent.

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<v Speaker 1>All Right, we have to talk, of a course about

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<v Speaker 1>what we saw in yields. Because we came into today

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<v Speaker 1>yields were hired, but only fractionally. It looked like we

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<v Speaker 1>weren't really going to get any real movement in yields.

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<v Speaker 1>And that changed in a big way right around eight

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<v Speaker 1>fifteen am New York time on the back of that

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<v Speaker 1>ADP report and the decline accelebrated once we got to

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<v Speaker 1>ten am. In that Ism Services report, we basically went

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<v Speaker 1>from yields higher to yields lower, down about eight to

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<v Speaker 1>nine basis points between the two and your ten year,

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<v Speaker 1>and of course you see that thirty year yield dropping

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<v Speaker 1>about ten basis points, a big revision. We should also

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<v Speaker 1>point out in forecasts in the swap market for what

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<v Speaker 1>the Fed may do next, pricing in the possibility of

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<v Speaker 1>at least about three cuts this year potentially and now

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<v Speaker 1>potentially more certainty for a cut by September.

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

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