Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Christina Quino is here with our Stocks on the Move today. Christine,
Speaker 1: you know about Pokemon. I know about Pokemon. I used
Speaker 1: to go Pokemon hunting with the Pokemon Go app. It
Speaker 1: was a great way to get a walk.
Speaker 2: All right, let's talk about the stocks on the move.
Speaker 1: We're gonna start with Oracle, which was a big mover yesterday.
Speaker 1: Absolutely scarlets so thinking a bit of a breather today
Speaker 1: Oracle o RCL shares her down more than three percent.
Speaker 1: But let's put that into context, right, We did get
Speaker 1: that record surge yesterday, up nearly thirty six percent. It
Speaker 1: added eighty nine billion dollars to Larry Ellison's coffers in
Speaker 1: one day, put him right about Elonos to be the
Speaker 1: world's richest person. So not too shabby. Now. The thing
Speaker 1: to really focus on, according to Bloomberg Intelligence, that the
Speaker 1: dust is selling a little bit is really that backlog
Speaker 1: order size four hundred and fifty five billion that exceeds
Speaker 1: the orders for Microsoft Aws, Google Clouds, and it really
Speaker 1: highlights that Oracle has positioned itself uniquely by focusing on
Speaker 1: training AI training workloads rather than some of its arrivals.
Speaker 1: We're focusing on provisioning clouds and so basically, you know,
Speaker 1: it's focused on fine tuning lms with enterprise data. That's
Speaker 1: what gives it the edge in capturing those training workloads
Speaker 1: according to Bloomberg Intelligence, and potentially some longevity in the market.
Speaker 1: You're also looking at seventeen what's going on there, absolutely
Speaker 1: top performer today, so ticker CNC shares are currently up
Speaker 1: more than twelve percent. And so the health insurer getting
Speaker 1: some good news because it gave positive views of its
Speaker 1: Medicare star ratings and it said that it expects costs
Speaker 1: to improve in its Medicaid business. So remember right, the
Speaker 1: Medicare system, it has a star rating system. The higher
Speaker 1: stars you have for the plans that you provide, the
Speaker 1: more incentives that you get from the government. That's basically
Speaker 1: how it works. And so a lot of health insurance
Speaker 1: want to be want to have customers up in those
Speaker 1: higher rated plans so they can get more incentives. And
Speaker 1: Scenting also reaffirming it's adjusted EPs forecast for the full
Speaker 1: year one seventy five per share versus an estimate of
Speaker 1: one sixty four. So also some good news there. I've
Speaker 1: been caught many conversations with elderly people about how many
Speaker 1: stars program has.
Speaker 2: They're very, very concerned about it. All right, let's talk
Speaker 2: about UPS.
Speaker 1: UPS not doing too shabby. Today shares up four tens
Speaker 1: of one percent, but earlier it was down more than
Speaker 1: two percent, and that is because it was cut to
Speaker 1: underperform a Bank of America and the analysts they are
Speaker 1: assigning the end to the de Minimous exemption. So for
Speaker 1: those who don't know demnimous, that was an exemption that
Speaker 1: applied to small packages shipped directly to US consumers from
Speaker 1: retailers abroad. If they were under a certain size, under
Speaker 1: a certain value, they didn't need a customs declaration and duties.
Speaker 1: That exemption ended at the end of August, and so
Speaker 1: now a lot of analysts are thinking these will be
Speaker 1: you know, shares like UPS FedEx also suffering. Will be
Speaker 1: the ones that really suffer. Interestingly, it's not a widespread
Speaker 1: vidya that UPS is you know, an automatic cell because
Speaker 1: of this news. It's actually just you know, the bulk
Speaker 1: of analysts still divided whether the stock is a buyer
Speaker 1: hold but not certainly certainly not good news. The end
Speaker 1: of that exemption for it is company.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.