WEBVTT - Dollar Tree Raises Profit Outlook; American Eagle Soars; Marvell Technology Rallies

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

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 4>I'm Nathan Hager, joined by Bloomberg's Valerie Titel with retail

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<v Speaker 4>earnings in focus. Valerie, we are watching earnings from Macy's

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<v Speaker 4>across the Bloomberg terminal as we speak.

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<v Speaker 1>Yes, we are, and they are positive that Macy's stock

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<v Speaker 1>is up six percent just after these earnings have been released.

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<v Speaker 1>The details in this release is that the third quarter

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<v Speaker 1>total revenue beat estimates, coming in at four point nine

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<v Speaker 1>to one billion. The estimate was for four point seven

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<v Speaker 1>to five They're also adjusted EPs came in better than expected.

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<v Speaker 1>They had been expecting a loss of fourteen cents to share.

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<v Speaker 1>Wall Street had been expecting a loss of fourteen cents

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<v Speaker 1>to share. The loss was only nine cents. This is

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<v Speaker 1>looking really good for Macy's. The stock is up six percent.

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<v Speaker 1>Remember that previously when they reported, they did raise their

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<v Speaker 1>full year guidance in the last quarter, but they did

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<v Speaker 1>warn of tariff uncertainty and more uncertainty in the economy

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<v Speaker 1>yet to come, but it does look like Macy's stock

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<v Speaker 1>is flying off the shelves this morning as their third

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<v Speaker 1>quarter adjusted total revenue came in better than expected.

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<v Speaker 4>And these Macy's earnings are coming hot off the heels

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<v Speaker 4>of dollar Tree results. Have investors decided how they feel

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<v Speaker 4>about what Dollar Tree reported this morning?

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<v Speaker 1>Well, the stock originally sank three percent, but it's in

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<v Speaker 1>the green now dollar Tree is up two percent, so

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<v Speaker 1>been all over the place as investors have used have

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<v Speaker 1>been absorbing this report. Shall I say that the sales

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<v Speaker 1>when it came to net sales, they increased off the

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<v Speaker 1>back of higher average ticket sales and that comes despite

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<v Speaker 1>some weakness in foot traffic, So yes, there are some

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<v Speaker 1>negatives to that and that they are attracting less customers,

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<v Speaker 1>but it does seem the customers they are attracting or

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<v Speaker 1>spending more money. So on the back of that, they

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<v Speaker 1>did boost full year adjusted EPs their forecast for that

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<v Speaker 1>and investors seem to like what they hear with a

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<v Speaker 1>raise when it comes to their guidance for dollar Tree

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<v Speaker 1>up two percent so far this morning.

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<v Speaker 4>And investors really seem to like what they got after

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<v Speaker 4>the close yesterday from American Eagle Outfitters.

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<v Speaker 3>That stock is still jumping this morning.

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<v Speaker 1>It is up fourteen percent in pre market trade, so

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<v Speaker 1>adding to the after hours gains of yesterday, jumping after

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<v Speaker 1>the company raised their full year sales guidance and reported

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<v Speaker 1>a beat and net revenue, really pointing to a rapid

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<v Speaker 1>recovery for this apparel company. The stock for American Eagle

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<v Speaker 1>is up one hundred percent in the last six months,

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<v Speaker 1>and this comes after a string of successful attention grabbing

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<v Speaker 1>celebrity campaigns. Is really paying off the latest with Travis

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<v Speaker 1>Kelcey and Sidney Sweeney.

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<v Speaker 3>Ah yes, and Martha Stewart I think was on board

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<v Speaker 3>as well.

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<v Speaker 4>Marvel Technologies adding to the exuberant feel and the micro

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<v Speaker 4>this morning.

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<v Speaker 1>Yeah, let's flip over to the AI trade. Marvel Technologies

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<v Speaker 1>shares are up ten percent in pre market trade. Now.

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<v Speaker 1>This is a chip maker that has benefited from the

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<v Speaker 1>boom and infrastructure. They make chips for the infrastructure AI infrastructure,

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<v Speaker 1>and the CEO was rather upbeat when it comes to

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<v Speaker 1>a revenue's climbing twenty five percent over the next fiscal

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<v Speaker 1>year when it comes to data center revenue and mentioned

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<v Speaker 1>that their custom chip design unit is winning repeat orders

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<v Speaker 1>from their largest customers. They also announced an acquisition which

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<v Speaker 1>I think just shows for investors their confidence that they're

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<v Speaker 1>able to push into AI infrastructure with this recent acquisition.

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<v Speaker 1>So Marvel Technology is up ten percent.

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<v Speaker 3>And finally Valerie a new overweight for Oracle.

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<v Speaker 1>Yeah, we got to keep abreast of these tech giants.

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<v Speaker 1>There is a new overweight at Wells Fargo for Oracle

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<v Speaker 1>and the shares are up two percent in pre market

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<v Speaker 1>trade off the back of this. The analyst writing the

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<v Speaker 1>Oracle is in pole position due to its key accounts

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<v Speaker 1>relationships which with open Ai to really take some market

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<v Speaker 1>share in the cloud business, which they see Oracle could

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<v Speaker 1>reach about sixteen percent of the total cloud market by

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<v Speaker 1>twenty twenty nine. Now these I guess this overweight by

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<v Speaker 1>Wills Fargo does come as Oracles five year CDs hit

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<v Speaker 1>the highest in two thousand and nine, so there are

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<v Speaker 1>some lingering worries over the amount of debt Oracles going

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<v Speaker 1>to have to take on to fund their cloud ambitions.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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