1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg data. 4 00:00:16,520 --> 00:00:18,520 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,520 --> 00:00:21,960 Speaker 4: I'm Nathan Hager, joined by Bloomberg's Valerie Titel with retail 6 00:00:22,040 --> 00:00:25,560 Speaker 4: earnings in focus. Valerie, we are watching earnings from Macy's 7 00:00:25,600 --> 00:00:28,400 Speaker 4: across the Bloomberg terminal as we speak. 8 00:00:29,160 --> 00:00:31,800 Speaker 1: Yes, we are, and they are positive that Macy's stock 9 00:00:31,960 --> 00:00:36,200 Speaker 1: is up six percent just after these earnings have been released. 10 00:00:36,960 --> 00:00:40,400 Speaker 1: The details in this release is that the third quarter 11 00:00:40,720 --> 00:00:45,080 Speaker 1: total revenue beat estimates, coming in at four point nine 12 00:00:45,080 --> 00:00:47,680 Speaker 1: to one billion. The estimate was for four point seven 13 00:00:47,680 --> 00:00:52,040 Speaker 1: to five They're also adjusted EPs came in better than expected. 14 00:00:52,080 --> 00:00:55,560 Speaker 1: They had been expecting a loss of fourteen cents to share. 15 00:00:55,600 --> 00:00:57,880 Speaker 1: Wall Street had been expecting a loss of fourteen cents 16 00:00:57,880 --> 00:01:00,200 Speaker 1: to share. The loss was only nine cents. This is 17 00:01:00,400 --> 00:01:03,680 Speaker 1: looking really good for Macy's. The stock is up six percent. 18 00:01:04,319 --> 00:01:07,640 Speaker 1: Remember that previously when they reported, they did raise their 19 00:01:07,680 --> 00:01:10,920 Speaker 1: full year guidance in the last quarter, but they did 20 00:01:11,000 --> 00:01:15,120 Speaker 1: warn of tariff uncertainty and more uncertainty in the economy 21 00:01:15,200 --> 00:01:17,279 Speaker 1: yet to come, but it does look like Macy's stock 22 00:01:17,640 --> 00:01:20,600 Speaker 1: is flying off the shelves this morning as their third 23 00:01:20,640 --> 00:01:23,840 Speaker 1: quarter adjusted total revenue came in better than expected. 24 00:01:23,959 --> 00:01:26,119 Speaker 4: And these Macy's earnings are coming hot off the heels 25 00:01:26,160 --> 00:01:29,639 Speaker 4: of dollar Tree results. Have investors decided how they feel 26 00:01:29,720 --> 00:01:31,600 Speaker 4: about what Dollar Tree reported this morning? 27 00:01:32,319 --> 00:01:34,800 Speaker 1: Well, the stock originally sank three percent, but it's in 28 00:01:34,800 --> 00:01:37,120 Speaker 1: the green now dollar Tree is up two percent, so 29 00:01:37,319 --> 00:01:40,920 Speaker 1: been all over the place as investors have used have 30 00:01:41,280 --> 00:01:44,520 Speaker 1: been absorbing this report. Shall I say that the sales 31 00:01:45,240 --> 00:01:48,480 Speaker 1: when it came to net sales, they increased off the 32 00:01:48,520 --> 00:01:52,000 Speaker 1: back of higher average ticket sales and that comes despite 33 00:01:52,560 --> 00:01:55,040 Speaker 1: some weakness in foot traffic, So yes, there are some 34 00:01:55,120 --> 00:01:59,320 Speaker 1: negatives to that and that they are attracting less customers, 35 00:01:59,320 --> 00:02:02,280 Speaker 1: but it does seem the customers they are attracting or 36 00:02:02,320 --> 00:02:04,240 Speaker 1: spending more money. So on the back of that, they 37 00:02:04,240 --> 00:02:07,760 Speaker 1: did boost full year adjusted EPs their forecast for that 38 00:02:07,800 --> 00:02:10,040 Speaker 1: and investors seem to like what they hear with a 39 00:02:10,120 --> 00:02:11,960 Speaker 1: raise when it comes to their guidance for dollar Tree 40 00:02:12,040 --> 00:02:13,680 Speaker 1: up two percent so far this morning. 41 00:02:13,480 --> 00:02:16,120 Speaker 4: And investors really seem to like what they got after 42 00:02:16,120 --> 00:02:19,160 Speaker 4: the close yesterday from American Eagle Outfitters. 43 00:02:19,200 --> 00:02:21,520 Speaker 3: That stock is still jumping this morning. 44 00:02:21,600 --> 00:02:24,800 Speaker 1: It is up fourteen percent in pre market trade, so 45 00:02:24,840 --> 00:02:29,480 Speaker 1: adding to the after hours gains of yesterday, jumping after 46 00:02:29,760 --> 00:02:32,880 Speaker 1: the company raised their full year sales guidance and reported 47 00:02:32,919 --> 00:02:36,440 Speaker 1: a beat and net revenue, really pointing to a rapid 48 00:02:36,560 --> 00:02:40,280 Speaker 1: recovery for this apparel company. The stock for American Eagle 49 00:02:40,520 --> 00:02:44,120 Speaker 1: is up one hundred percent in the last six months, 50 00:02:44,120 --> 00:02:47,760 Speaker 1: and this comes after a string of successful attention grabbing 51 00:02:47,840 --> 00:02:51,440 Speaker 1: celebrity campaigns. Is really paying off the latest with Travis 52 00:02:51,520 --> 00:02:53,400 Speaker 1: Kelcey and Sidney Sweeney. 53 00:02:53,240 --> 00:02:56,240 Speaker 3: Ah yes, and Martha Stewart I think was on board 54 00:02:56,280 --> 00:02:56,680 Speaker 3: as well. 55 00:02:57,360 --> 00:03:02,320 Speaker 4: Marvel Technologies adding to the exuberant feel and the micro 56 00:03:02,560 --> 00:03:03,120 Speaker 4: this morning. 57 00:03:03,400 --> 00:03:06,600 Speaker 1: Yeah, let's flip over to the AI trade. Marvel Technologies 58 00:03:06,800 --> 00:03:09,720 Speaker 1: shares are up ten percent in pre market trade. Now. 59 00:03:09,760 --> 00:03:12,200 Speaker 1: This is a chip maker that has benefited from the 60 00:03:12,280 --> 00:03:17,320 Speaker 1: boom and infrastructure. They make chips for the infrastructure AI infrastructure, 61 00:03:17,760 --> 00:03:20,920 Speaker 1: and the CEO was rather upbeat when it comes to 62 00:03:21,360 --> 00:03:24,359 Speaker 1: a revenue's climbing twenty five percent over the next fiscal 63 00:03:24,440 --> 00:03:27,440 Speaker 1: year when it comes to data center revenue and mentioned 64 00:03:27,520 --> 00:03:31,200 Speaker 1: that their custom chip design unit is winning repeat orders 65 00:03:31,480 --> 00:03:35,040 Speaker 1: from their largest customers. They also announced an acquisition which 66 00:03:35,080 --> 00:03:37,720 Speaker 1: I think just shows for investors their confidence that they're 67 00:03:37,720 --> 00:03:41,920 Speaker 1: able to push into AI infrastructure with this recent acquisition. 68 00:03:42,080 --> 00:03:44,320 Speaker 1: So Marvel Technology is up ten percent. 69 00:03:44,320 --> 00:03:47,760 Speaker 3: And finally Valerie a new overweight for Oracle. 70 00:03:48,320 --> 00:03:51,240 Speaker 1: Yeah, we got to keep abreast of these tech giants. 71 00:03:51,280 --> 00:03:54,600 Speaker 1: There is a new overweight at Wells Fargo for Oracle 72 00:03:54,680 --> 00:03:56,760 Speaker 1: and the shares are up two percent in pre market 73 00:03:56,800 --> 00:03:59,800 Speaker 1: trade off the back of this. The analyst writing the 74 00:04:00,360 --> 00:04:03,880 Speaker 1: Oracle is in pole position due to its key accounts 75 00:04:04,440 --> 00:04:07,880 Speaker 1: relationships which with open Ai to really take some market 76 00:04:07,920 --> 00:04:10,960 Speaker 1: share in the cloud business, which they see Oracle could 77 00:04:10,960 --> 00:04:13,600 Speaker 1: reach about sixteen percent of the total cloud market by 78 00:04:13,640 --> 00:04:17,440 Speaker 1: twenty twenty nine. Now these I guess this overweight by 79 00:04:17,440 --> 00:04:21,560 Speaker 1: Wills Fargo does come as Oracles five year CDs hit 80 00:04:21,600 --> 00:04:23,280 Speaker 1: the highest in two thousand and nine, so there are 81 00:04:23,320 --> 00:04:25,880 Speaker 1: some lingering worries over the amount of debt Oracles going 82 00:04:25,920 --> 00:04:27,880 Speaker 1: to have to take on to fund their cloud ambitions. 83 00:04:29,000 --> 00:04:33,040 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 84 00:04:33,120 --> 00:04:35,680 Speaker 2: us throughout the day for the latest roundup of companies 85 00:04:35,760 --> 00:04:38,839 Speaker 2: making news on Wall Street and for the latest market 86 00:04:38,880 --> 00:04:43,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. 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