Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 4: I'm Nathan Hager, joined by Bloomberg's Valerie Titel with retail
Speaker 4: earnings in focus. Valerie, we are watching earnings from Macy's
Speaker 4: across the Bloomberg terminal as we speak.
Speaker 1: Yes, we are, and they are positive that Macy's stock
Speaker 1: is up six percent just after these earnings have been released.
Speaker 1: The details in this release is that the third quarter
Speaker 1: total revenue beat estimates, coming in at four point nine
Speaker 1: to one billion. The estimate was for four point seven
Speaker 1: to five They're also adjusted EPs came in better than expected.
Speaker 1: They had been expecting a loss of fourteen cents to share.
Speaker 1: Wall Street had been expecting a loss of fourteen cents
Speaker 1: to share. The loss was only nine cents. This is
Speaker 1: looking really good for Macy's. The stock is up six percent.
Speaker 1: Remember that previously when they reported, they did raise their
Speaker 1: full year guidance in the last quarter, but they did
Speaker 1: warn of tariff uncertainty and more uncertainty in the economy
Speaker 1: yet to come, but it does look like Macy's stock
Speaker 1: is flying off the shelves this morning as their third
Speaker 1: quarter adjusted total revenue came in better than expected.
Speaker 4: And these Macy's earnings are coming hot off the heels
Speaker 4: of dollar Tree results. Have investors decided how they feel
Speaker 4: about what Dollar Tree reported this morning?
Speaker 1: Well, the stock originally sank three percent, but it's in
Speaker 1: the green now dollar Tree is up two percent, so
Speaker 1: been all over the place as investors have used have
Speaker 1: been absorbing this report. Shall I say that the sales
Speaker 1: when it came to net sales, they increased off the
Speaker 1: back of higher average ticket sales and that comes despite
Speaker 1: some weakness in foot traffic, So yes, there are some
Speaker 1: negatives to that and that they are attracting less customers,
Speaker 1: but it does seem the customers they are attracting or
Speaker 1: spending more money. So on the back of that, they
Speaker 1: did boost full year adjusted EPs their forecast for that
Speaker 1: and investors seem to like what they hear with a
Speaker 1: raise when it comes to their guidance for dollar Tree
Speaker 1: up two percent so far this morning.
Speaker 4: And investors really seem to like what they got after
Speaker 4: the close yesterday from American Eagle Outfitters.
Speaker 3: That stock is still jumping this morning.
Speaker 1: It is up fourteen percent in pre market trade, so
Speaker 1: adding to the after hours gains of yesterday, jumping after
Speaker 1: the company raised their full year sales guidance and reported
Speaker 1: a beat and net revenue, really pointing to a rapid
Speaker 1: recovery for this apparel company. The stock for American Eagle
Speaker 1: is up one hundred percent in the last six months,
Speaker 1: and this comes after a string of successful attention grabbing
Speaker 1: celebrity campaigns. Is really paying off the latest with Travis
Speaker 1: Kelcey and Sidney Sweeney.
Speaker 3: Ah yes, and Martha Stewart I think was on board
Speaker 3: as well.
Speaker 4: Marvel Technologies adding to the exuberant feel and the micro
Speaker 4: this morning.
Speaker 1: Yeah, let's flip over to the AI trade. Marvel Technologies
Speaker 1: shares are up ten percent in pre market trade. Now.
Speaker 1: This is a chip maker that has benefited from the
Speaker 1: boom and infrastructure. They make chips for the infrastructure AI infrastructure,
Speaker 1: and the CEO was rather upbeat when it comes to
Speaker 1: a revenue's climbing twenty five percent over the next fiscal
Speaker 1: year when it comes to data center revenue and mentioned
Speaker 1: that their custom chip design unit is winning repeat orders
Speaker 1: from their largest customers. They also announced an acquisition which
Speaker 1: I think just shows for investors their confidence that they're
Speaker 1: able to push into AI infrastructure with this recent acquisition.
Speaker 1: So Marvel Technology is up ten percent.
Speaker 3: And finally Valerie a new overweight for Oracle.
Speaker 1: Yeah, we got to keep abreast of these tech giants.
Speaker 1: There is a new overweight at Wells Fargo for Oracle
Speaker 1: and the shares are up two percent in pre market
Speaker 1: trade off the back of this. The analyst writing the
Speaker 1: Oracle is in pole position due to its key accounts
Speaker 1: relationships which with open Ai to really take some market
Speaker 1: share in the cloud business, which they see Oracle could
Speaker 1: reach about sixteen percent of the total cloud market by
Speaker 1: twenty twenty nine. Now these I guess this overweight by
Speaker 1: Wills Fargo does come as Oracles five year CDs hit
Speaker 1: the highest in two thousand and nine, so there are
Speaker 1: some lingering worries over the amount of debt Oracles going
Speaker 1: to have to take on to fund their cloud ambitions.
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