Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock mover's report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenobek, Romain Bostick, and Scarlet Food.
Speaker 3: Let's go back to the S and P five hundred
Speaker 3: to the large caps, two hundred and seventy eight names
Speaker 3: to the upside guys, two hundred and twenty two to
Speaker 3: the downside, and Matt three unchanged.
Speaker 4: Yeah, let's take a look at what the breakdown looks
Speaker 4: like in terms of industry groups. We had most of
Speaker 4: them in the red today. You can see that energy
Speaker 4: was a gainer as the underlying asset was rising. Oil
Speaker 4: is up more than one percent this morning.
Speaker 3: Or this afternoon.
Speaker 4: I should say consumer staples, industrials, and healthcare rising there.
Speaker 4: But everything else in the red, including the all powerful
Speaker 4: and heavy IT and communication services, that's where those hyperscalers
Speaker 4: hide out. Need them to gain in order to have
Speaker 4: any decent traction on the S and P. Five hundred.
Speaker 4: Although I should say we're not that far off of
Speaker 4: the record closed yesterday. What it was a sixty six
Speaker 4: ninety three, I think.
Speaker 1: Yeah, I'm just going to interrupt you here. Micron earnings
Speaker 1: are acrossing the wire right now, the maker of that
Speaker 1: high end memory and swords chips here. For it's fiscal
Speaker 1: fourth quarter, the company says EPs did actually come in
Speaker 1: above estimates three dollars and three cents a share. The street,
Speaker 1: on average was looking for two dollars and eighty four
Speaker 1: cents a share on the revenue side, eleven point three
Speaker 1: to two billion dollars on revenue, a slight beat over
Speaker 1: analyst estimates. On average, they were looking for about eleven
Speaker 1: point one five billion. Gross margin also did expand to
Speaker 1: about forty five point seven percent. There. You just seeing
Speaker 1: a modest increase in the shares here in the after
Speaker 1: hour session, I'm going to dig a little bit deeper
Speaker 1: and try to find some guidance.
Speaker 5: Shares up about one point six percent in the after hours.
Speaker 5: In the press release, Sanjay Morotra, the company's chairman, president,
Speaker 5: and CEO, said that the company's uniquely positioned to capitalize
Speaker 5: on the AI opportunity ahead. He actually calls out being
Speaker 5: the only US based memory manufacturing said, it's a record
Speaker 5: breaking fiscal year, exceptional fourth quarter performance at underscores our
Speaker 5: leadership in tech products and operational execution.
Speaker 3: All right, sounds like the data center business, right, Really
Speaker 3: some outperformance there, he says in the press rove in
Speaker 3: mind that Micron has been on a tear this year.
Speaker 1: Yeah, let's get to the forecast here. The company is
Speaker 1: saying now that for its fiscal first quarter, it is
Speaker 1: guiding revenue in a range of twelve point two to
Speaker 1: twelve point eight billion. The low end of that range
Speaker 1: is above the average of anaal assessments of eleven point
Speaker 1: nine to one. Adjusted EPs being guided in a range
Speaker 1: of three dollars and sixty cents to three dollars and
Speaker 1: ninety cents the low end of that range above the
Speaker 1: average of street estimates of three dollars and five cents,
Speaker 1: and gross margin for the current quarter the company guiding
Speaker 1: fifty point five to fifty two point five percent, the
Speaker 1: low end of that range above the average of analy
Speaker 1: assessments of forty five point seven.
Speaker 2: Yeah.
Speaker 4: I think that's so interesting when you look at not
Speaker 4: only are they going to grow more than the street
Speaker 4: had forecasts, they're going to see bigger margins, right, so
Speaker 4: they're making more money. It's not like they're buying this growth.
Speaker 4: We talk so much about the Well, we've been talking
Speaker 4: so much today and yesterday since about noon. After that
Speaker 4: and Vida announcement about the kind of circular nature of
Speaker 4: this AI infrastructure. Right, open ai wants to buy GPUs
Speaker 4: from Nvidia, and Vidia invests one hundred billion dollars in
Speaker 4: open Ai and then they can afford to pay that revenue. Well,
Speaker 4: it looks like Micron isn't in that position. They're raising
Speaker 4: the revenue, they're raising the profit as well, with.
Speaker 3: Earnings per share also.
Speaker 4: Eclipsing what the street was looking for. So a beat
Speaker 4: on pretty much every level.
Speaker 3: All right, So Micron continuing to trade up about four
Speaker 3: percent here in the aftermarket. I'm going to go back
Speaker 3: to some of the individual gainers in the regular session.
Speaker 3: I think I mentioned Paramount Skuiddance, an outperformer up at
Speaker 3: its highs up twelve percent, finishing the day with a
Speaker 3: gain of about six percent. Remember, Paramount Skuidance is said
Speaker 3: to be preparing a bit for Warner Brothers Discovery. I
Speaker 3: didn't see any real real new news.
Speaker 1: Yeah, why is it up? I haven't all watching this
Speaker 1: all day and I couldn't figure it out.
Speaker 3: I have no idea. At one point it was the
Speaker 3: top gainer in the S and P five hundred, so
Speaker 3: I have no idea. On Friday, we did see CNBC
Speaker 3: talking about an offer that could land in the range
Speaker 3: of twenty two to twenty four per share, although he
Speaker 3: did caution that or the network cautioning that the price
Speaker 3: range was speculative an offer could come later than previously expected.
Speaker 3: So Paramount on a tear Warner Brothers does some TikTok
Speaker 3: was down a hair?
Speaker 4: Why it's because of TikTok, right is it?
Speaker 3: That's just my guess.
Speaker 4: I mean considering Oracle Rose on TikTok yesterday and it's
Speaker 4: like fatherlike son.
Speaker 3: Is that not the case? I don't know, I don't know. Uh,
Speaker 3: Matt says, but tbd, tbd.
Speaker 4: This is this is Larry Ellison's kid, right.
Speaker 3: Yes it is, yes, yes. So as we all start.
Speaker 4: To consume all of our media across short messaging apps
Speaker 4: like TikTok or short video acts like Vine, maybe Paramount
Speaker 4: Skydance somehow gets in online.
Speaker 3: But I would almost say, like if it was maybe
Speaker 3: Fox or something, right, because isn't Murdoch now said to
Speaker 3: be maybe part of it?
Speaker 4: Yeah? Well, Donald Trump said Lachlan was going to be involved.
Speaker 4: As well as Rupert.
Speaker 3: All right, I'm moving along to ken View because this
Speaker 3: one bouncing up seven percent at its highes today, finishing
Speaker 3: the day with the game of about one and a
Speaker 3: half percent. Yeah nicely said, thank you, well done, well done.
Speaker 3: President Trump's Yeah, I mean, listen, there was a rethink.
Speaker 3: There was a lot of doctors. We actually had a
Speaker 3: great doctor on Ari R talking about still planning to
Speaker 3: give it to his patients, doctor.
Speaker 5: Todd Ivy from the American College of Obstetricians.
Speaker 3: And really going by the science and the research that's
Speaker 3: been out that he said, time and all. I mean,
Speaker 3: this is a ceda menaphone has been researched to death
Speaker 3: and has been around for a long time. So keep
Speaker 3: it all the way to death.
Speaker 1: That's a weird choice of words, but okay, yeah, keep going, Carol.
Speaker 3: God bye, missing Katie.
Speaker 5: Is mad in all week.
Speaker 2: He is.
Speaker 3: I'll be here all week. He's serious. It's like heaven.
Speaker 3: My three brothers around, four brothers around. Sorry, sorry for
Speaker 3: one of them, brother forgot all right, for something different,
Speaker 3: I'm going to mention SoundHound up as much as eleven percent.
Speaker 3: It's highs today finished it with a game of about
Speaker 3: four and a quarter percent. Company and seafood restaurant chain
Speaker 3: Red Lobster announced a partnership to roll out an AI
Speaker 3: powered phone ordering agent.
Speaker 1: I love this, I know because I have no idea
Speaker 1: what it means.
Speaker 3: I don't have any idea either. I don't know what
Speaker 3: you're ordering.
Speaker 1: Edge, and so why I can just get my Lobster
Speaker 1: on what like the AI order?
Speaker 3: Is it for me or something? I don't know. I
Speaker 3: don't know, but the shares are epithets. I can tell.
Speaker 3: I'm mon. Red Lobster fansh shares are up about thirty
Speaker 3: percent in the past seven train being in a Red
Speaker 3: Lobster thirty three percent of the float is short. You know.
Speaker 1: It's like, I'm not even black.
Speaker 3: I'm not even listening to you anyway. It's an opperformer
Speaker 3: tip over to you.
Speaker 5: I am going to go with the MAG seven Total
Speaker 5: Return Index Tech taking a hit today Big Tech. All
Speaker 5: seven of the MAG seven ended up falling today, Amazon
Speaker 5: and Nvidia dragging down the index down one point five
Speaker 5: to four percent, actually the worst day in more than
Speaker 5: a month for the group. The MAG seven still collectively
Speaker 5: up around nineteen percent so far this year. Also, keep
Speaker 5: an eye on what happened with a Vertive and other
Speaker 5: electric power equipment companies. Today, Verdive down six point two percent.
Speaker 5: This after Microsoft set it developed an in chip cooling
Speaker 5: system that can essentially cool a server running course services
Speaker 5: for a simulated teams meeting. The announcement coming from a
Speaker 5: blog post from the tech giant. I didn't know those
Speaker 5: were so okay. I didn't know those were so intensive
Speaker 5: when it came to the heat that was produced.
Speaker 1: I mean, that's why it takes so long to load
Speaker 1: on my computer.
Speaker 5: I don't know. No comment there. We also saw shares
Speaker 5: of Eaten and some other electric power equipment companies fall
Speaker 5: on that news. And finally, Firefly Aerospace. This is the
Speaker 5: small rocket launching company that went back to public just
Speaker 5: a little over a month ago ticker fl Y. It
Speaker 5: fell fifteen and a half percent today, this after the
Speaker 5: company came out with second quarter revenue that came in
Speaker 5: short of Wall Street expectations. The company did make history though,
Speaker 5: a few months ago, back in March, when it landed
Speaker 5: its Blue Ghost robotic spacecraft on the surface of the
Speaker 5: Moon that was in partnership with NASA.
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