Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock. Moover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlettfoo.
Speaker 3: Let me take you through some of the gainers that
Speaker 3: I've been looking at today, starting with BKNG Booking Holdings.
Speaker 3: I love, a Delaware based holding company here This owns
Speaker 3: Booking dot Com, Priceline dot Com, Kayaka, and the rest. Obviously,
Speaker 3: we're focused on the way the travel companies are dealing
Speaker 3: with the economic uncertainty and the kind of contours of
Speaker 3: the trade. Were JP Morgan maintaining it with an overweight,
Speaker 3: raising the price target there from fifty three sixty to
Speaker 3: six thousand. Someone that I've been following this afternoon.
Speaker 1: All right, one other mover here on the day is
Speaker 1: five below. They dropped about eight tens of percent in
Speaker 1: the regular cash session. The share is moving even lower
Speaker 1: now in the after hours trade after it's earning has
Speaker 1: just crossed the wire. The company said the first quarter
Speaker 1: EPs did come in about seventy five cents of s.
Speaker 1: That is a beat, So that is certainly good, but
Speaker 1: here's your guidance going forward for the second quarter. The
Speaker 1: company says it expects a range on EPs of forty
Speaker 1: five cents to fifty seven cents to share. The street
Speaker 1: on average was looking for fifty eight cents, so the
Speaker 1: high end of that range is below the average of
Speaker 1: street estimates. As for sales and revenue, here comp sales,
Speaker 1: let me just go back to the full year. Here
Speaker 1: they are providing a full year sales figure net sales
Speaker 1: four point three to three to four point four to
Speaker 1: two billion, that actually believed it is actually above its
Speaker 1: previous guidance that it had given a four point two
Speaker 1: to four point three to three. So you added up
Speaker 1: all together, you had a beat in the quarter. But
Speaker 1: the guidance going forward seems to suggest some weakness on
Speaker 1: the bottom line, though they do seem to be guiding
Speaker 1: a little bit higher on the top line, a.
Speaker 3: Lot of interest in those trendy, fun and affordable fines
Speaker 3: at five below, it seems. Let me turn to another
Speaker 3: stock I've been watching today but also over the course
Speaker 3: of the year. That's Netflix. We saw UBS rays it's
Speaker 3: price target on Netflix to fourteen fifty UBS citing secular
Speaker 3: trends and competitive dynamics, remaining supportive of Netflix's ability to
Speaker 3: drive stronger monetization and operating leverage. And just to give
Speaker 3: a little bit more color here, Netflix up forty percent
Speaker 3: nearly forty percent this year, and I'll stick with companies
Speaker 3: based on the West coast to meta as my last
Speaker 3: gainer here saw price tigert target height from JP Morgan
Speaker 3: a day after a company announced a partnership with Constellation Energy.
Speaker 3: Talked a lot about that yesterday, But that twenty year
Speaker 3: deal that it brokeered for nuclear power going forward, and
Speaker 3: I think kind of encapsulates this company's interest double down
Speaker 3: interest here in using AI and using AI for advertising
Speaker 3: in particular.
Speaker 4: Okay, let's get to some of the decliner's CrowdStrike dropping
Speaker 4: over five percent today. This is a cybersecurity company that
Speaker 4: projected revenue for the current period that trailed estimates. They
Speaker 4: see sales for the second quarter will be as much
Speaker 4: as one point one five billion, just slightly missing estimates
Speaker 4: of one point one six billion. This, of course, was
Speaker 4: the first financial update since the company announced it would
Speaker 4: cut about five percent of its global workforce. Later in
Speaker 4: the trading day, we also got a headline out of
Speaker 4: this company that they said, the DOJ and the SEC
Speaker 4: sent inquiries on firm accounting. The firm, though, said that
Speaker 4: they are cooperating with the inquiry, with that stock again
Speaker 4: down over five percent today. Dollar Tree was another company
Speaker 4: with a warning out today. They warned investors that their
Speaker 4: second quarter profit could be down as much as fifty
Speaker 4: percent from a year ago as it deals with tariff
Speaker 4: related costs. Dollar Tree not to be confused with Dollar General.
Speaker 4: Dollar General generates about eighty percent of sales from food
Speaker 4: and consumable goods, which are less reliant on imports. Dollar
Speaker 4: Tree gets almost half of its revenue from those categories.
Speaker 4: It's more reliant on goods from other countries, so they
Speaker 4: are more exposed to that hit.
Speaker 5: I do want to get to some other earnings. We
Speaker 5: just got through five below. Let's turn our attention to
Speaker 5: Mango dB coming out with their results. They boosted their
Speaker 5: full year adjusted EPs forecast. They also beat estimates. Their
Speaker 5: first quarter adjusted EPs came in at one dollar and
Speaker 5: six cents. The estimate had been for just sixty seven cents,
Speaker 5: so quite a beat there. Take a look at their
Speaker 5: full year adjusted EPs, they see it between two dollars
Speaker 5: and ninety four cents to three dollars and twelve cents.
Speaker 5: Previously they had seen two dollars and forty four cents
Speaker 5: to two dollars and sixty two cents. So quite a
Speaker 5: big beat there, and you're certainly seeing that in the
Speaker 5: after our movement in the shares up about nine percent
Speaker 5: at the moment there.
Speaker 4: Yeah, this was a much needed bit for Mango do B.
Speaker 4: This stock was down fourteen percent year to date through
Speaker 4: today's close, so we'll see how those gains translate into
Speaker 4: tomorrow's trading session. But just back on the decliners. My
Speaker 4: last one is not a stock, it's an ETF. Katie's
Speaker 4: gonna like this. Oh I did this for us xl E.
Speaker 4: This is an energy stock. ETF. Energy was the worst
Speaker 4: performing sector in the S and P five hundred. Today
Speaker 4: we saw stocks across that sector retreating along with crude
Speaker 4: oil prices after Saudi Arabia is now pushing for more
Speaker 4: supersized output hikes from the OPEC plus group of producing countries. Marathon, Petroleum,
Speaker 4: Valero were some of those names we're dropping. And of
Speaker 4: course that ETF down, closing the day almost down two percent.
Speaker 1: All Right, we have to talk, of a course about
Speaker 1: what we saw in yields. Because we came into today
Speaker 1: yields were hired, but only fractionally. It looked like we
Speaker 1: weren't really going to get any real movement in yields.
Speaker 1: And that changed in a big way right around eight
Speaker 1: fifteen am New York time on the back of that
Speaker 1: ADP report and the decline accelebrated once we got to
Speaker 1: ten am. In that Ism Services report, we basically went
Speaker 1: from yields higher to yields lower, down about eight to
Speaker 1: nine basis points between the two and your ten year,
Speaker 1: and of course you see that thirty year yield dropping
Speaker 1: about ten basis points, a big revision. We should also
Speaker 1: point out in forecasts in the swap market for what
Speaker 1: the Fed may do next, pricing in the possibility of
Speaker 1: at least about three cuts this year potentially and now
Speaker 1: potentially more certainty for a cut by September.
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