WEBVTT - Oracle Drops, Centene Rises, UPS Falls After Stock Downgrade

0:00:02.520 --> 0:00:07.000
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.840 --> 0:00:20.400
<v Speaker 1>Christina Quino is here with our Stocks on the Move today. Christine,

0:00:20.560 --> 0:00:23.560
<v Speaker 1>you know about Pokemon. I know about Pokemon. I used

0:00:23.600 --> 0:00:27.280
<v Speaker 1>to go Pokemon hunting with the Pokemon Go app. It

0:00:27.320 --> 0:00:28.600
<v Speaker 1>was a great way to get a walk.

0:00:29.120 --> 0:00:31.280
<v Speaker 2>All right, let's talk about the stocks on the move.

0:00:31.280 --> 0:00:33.720
<v Speaker 1>We're gonna start with Oracle, which was a big mover yesterday.

0:00:33.840 --> 0:00:36.400
<v Speaker 1>Absolutely scarlets so thinking a bit of a breather today

0:00:36.479 --> 0:00:40.080
<v Speaker 1>Oracle o RCL shares her down more than three percent.

0:00:40.159 --> 0:00:42.920
<v Speaker 1>But let's put that into context, right, We did get

0:00:42.920 --> 0:00:47.599
<v Speaker 1>that record surge yesterday, up nearly thirty six percent. It

0:00:47.680 --> 0:00:51.400
<v Speaker 1>added eighty nine billion dollars to Larry Ellison's coffers in

0:00:51.440 --> 0:00:53.760
<v Speaker 1>one day, put him right about Elonos to be the

0:00:53.760 --> 0:00:56.960
<v Speaker 1>world's richest person. So not too shabby. Now. The thing

0:00:57.240 --> 0:01:00.160
<v Speaker 1>to really focus on, according to Bloomberg Intelligence, that the

0:01:00.240 --> 0:01:03.600
<v Speaker 1>dust is selling a little bit is really that backlog

0:01:03.720 --> 0:01:06.960
<v Speaker 1>order size four hundred and fifty five billion that exceeds

0:01:07.280 --> 0:01:11.119
<v Speaker 1>the orders for Microsoft Aws, Google Clouds, and it really

0:01:11.200 --> 0:01:15.520
<v Speaker 1>highlights that Oracle has positioned itself uniquely by focusing on

0:01:16.040 --> 0:01:19.920
<v Speaker 1>training AI training workloads rather than some of its arrivals.

0:01:19.920 --> 0:01:24.680
<v Speaker 1>We're focusing on provisioning clouds and so basically, you know,

0:01:24.760 --> 0:01:28.039
<v Speaker 1>it's focused on fine tuning lms with enterprise data. That's

0:01:28.080 --> 0:01:31.440
<v Speaker 1>what gives it the edge in capturing those training workloads

0:01:31.440 --> 0:01:34.679
<v Speaker 1>according to Bloomberg Intelligence, and potentially some longevity in the market.

0:01:35.080 --> 0:01:37.839
<v Speaker 1>You're also looking at seventeen what's going on there, absolutely

0:01:37.959 --> 0:01:42.479
<v Speaker 1>top performer today, so ticker CNC shares are currently up

0:01:42.520 --> 0:01:45.320
<v Speaker 1>more than twelve percent. And so the health insurer getting

0:01:45.360 --> 0:01:48.360
<v Speaker 1>some good news because it gave positive views of its

0:01:48.400 --> 0:01:52.000
<v Speaker 1>Medicare star ratings and it said that it expects costs

0:01:52.040 --> 0:01:54.960
<v Speaker 1>to improve in its Medicaid business. So remember right, the

0:01:54.960 --> 0:01:58.520
<v Speaker 1>Medicare system, it has a star rating system. The higher

0:01:58.640 --> 0:02:01.760
<v Speaker 1>stars you have for the plans that you provide, the

0:02:01.760 --> 0:02:04.200
<v Speaker 1>more incentives that you get from the government. That's basically

0:02:04.200 --> 0:02:06.040
<v Speaker 1>how it works. And so a lot of health insurance

0:02:06.160 --> 0:02:08.600
<v Speaker 1>want to be want to have customers up in those

0:02:08.680 --> 0:02:11.840
<v Speaker 1>higher rated plans so they can get more incentives. And

0:02:11.919 --> 0:02:15.480
<v Speaker 1>Scenting also reaffirming it's adjusted EPs forecast for the full

0:02:15.560 --> 0:02:18.440
<v Speaker 1>year one seventy five per share versus an estimate of

0:02:18.440 --> 0:02:20.839
<v Speaker 1>one sixty four. So also some good news there. I've

0:02:20.840 --> 0:02:24.359
<v Speaker 1>been caught many conversations with elderly people about how many

0:02:24.360 --> 0:02:25.520
<v Speaker 1>stars program has.

0:02:25.600 --> 0:02:27.720
<v Speaker 2>They're very, very concerned about it. All right, let's talk

0:02:27.720 --> 0:02:28.440
<v Speaker 2>about UPS.

0:02:28.800 --> 0:02:33.400
<v Speaker 1>UPS not doing too shabby. Today shares up four tens

0:02:33.440 --> 0:02:35.840
<v Speaker 1>of one percent, but earlier it was down more than

0:02:35.880 --> 0:02:39.040
<v Speaker 1>two percent, and that is because it was cut to

0:02:39.120 --> 0:02:43.080
<v Speaker 1>underperform a Bank of America and the analysts they are

0:02:43.080 --> 0:02:46.600
<v Speaker 1>assigning the end to the de Minimous exemption. So for

0:02:46.600 --> 0:02:48.880
<v Speaker 1>those who don't know demnimous, that was an exemption that

0:02:48.919 --> 0:02:52.560
<v Speaker 1>applied to small packages shipped directly to US consumers from

0:02:52.840 --> 0:02:55.520
<v Speaker 1>retailers abroad. If they were under a certain size, under

0:02:55.560 --> 0:02:58.799
<v Speaker 1>a certain value, they didn't need a customs declaration and duties.

0:02:59.040 --> 0:03:02.360
<v Speaker 1>That exemption ended at the end of August, and so

0:03:02.560 --> 0:03:05.160
<v Speaker 1>now a lot of analysts are thinking these will be

0:03:05.400 --> 0:03:08.720
<v Speaker 1>you know, shares like UPS FedEx also suffering. Will be

0:03:08.760 --> 0:03:13.079
<v Speaker 1>the ones that really suffer. Interestingly, it's not a widespread

0:03:13.160 --> 0:03:16.600
<v Speaker 1>vidya that UPS is you know, an automatic cell because

0:03:16.600 --> 0:03:18.800
<v Speaker 1>of this news. It's actually just you know, the bulk

0:03:18.800 --> 0:03:20.960
<v Speaker 1>of analysts still divided whether the stock is a buyer

0:03:21.000 --> 0:03:25.040
<v Speaker 1>hold but not certainly certainly not good news. The end

0:03:25.040 --> 0:03:26.400
<v Speaker 1>of that exemption for it is company.

0:03:27.240 --> 0:03:31.280
<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

0:03:31.360 --> 0:03:33.960
<v Speaker 2>us throughout the day for the latest roundup of companies

0:03:34.000 --> 0:03:37.080
<v Speaker 2>making news on Wall Street and for the latest market

0:03:37.120 --> 0:03:41.600
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:03:41.680 --> 0:03:45.200
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:03:45.280 --> 0:03:46.760
<v Speaker 2>the Bloomberg Business app.