WEBVTT - Hewlett Packard Enterprise Falls, Salesforce Rises, JB Hunt Climbs as Cost Controls Boost Earnings

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

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

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<v Speaker 2>in the stock market harnessing the power of Bloomberg Data.

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

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<v Speaker 3>the move today. Am Paul swinging alongside Scarlet bluemore't joined

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<v Speaker 3>by Bloomberg's it needs a oh, but they need to.

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<v Speaker 3>What are you looking at today?

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<v Speaker 1>Let's start with Hewlett percart pretty rough data data tacorious.

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<v Speaker 1>HP stockfell eight percent and more in earlier training. The

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<v Speaker 1>company gave an outlook for profiting cash flow for the

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<v Speaker 1>upcoming year that fell short by a large margin. Earning

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<v Speaker 1>excluding some items will be two doors and twenty cents

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<v Speaker 1>to two doors and forty cents. This is way lower

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<v Speaker 1>than what the street was expecting. And more importantly, the

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<v Speaker 1>cash flow number was between one point five billion and

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<v Speaker 1>two billion projection and that was the result in The

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<v Speaker 1>projection was two point four billion, so massive gap. Huge

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<v Speaker 1>Pacarda is dealing with tighter margin. A part of this

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<v Speaker 1>is the company has been building servers with expensive AI chips.

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<v Speaker 1>HP is betting on networking as a major area of growth.

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<v Speaker 1>The company intends to achieve greater profitability in the future,

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<v Speaker 1>but it has seen a big drop today. The company

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<v Speaker 1>is still up seven percent ere to date, but some

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<v Speaker 1>pressure on this high AI spending we're seeing from the company, all.

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<v Speaker 2>Right, and HPE is the check her there for Heili HACKERD.

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<v Speaker 1>Let's move on to Salesforce, which did not report earnings

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<v Speaker 1>because its earnings report is not due until later on.

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<v Speaker 2>But I guess it gave guidance.

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<v Speaker 1>Yeah, guidance, and we're seeing quite the reaction there. The

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<v Speaker 1>stock is up nearly seven percent. The company forecast that

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<v Speaker 1>revenue growth will accelerate to double digit. Sale Force expect

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<v Speaker 1>sixty billion in annual revenue. This of course exclusive some numbers,

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<v Speaker 1>but this is by January twenty thirty. Sales us Force

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<v Speaker 1>has had a really tough ear It was down about

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<v Speaker 1>twenty nine percent coming into this. Salesforce, of course, is

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<v Speaker 1>a leadering customer management software, but it seems like the

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<v Speaker 1>street has been cooling on that part of the industry.

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<v Speaker 1>Salesforce has been going through a period of slower revenue growth.

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<v Speaker 1>It's been going into those single digits, and now there

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<v Speaker 1>is potentially some growth there and investors are pretty excited. Still,

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<v Speaker 1>there is a concern that customers are spending more money

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<v Speaker 1>on artificial intelligence toos from startups rather than those big

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<v Speaker 1>traditional vendors like Salesforce. Theys, of course have a major

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<v Speaker 1>growth bed like agent Force. So some optimism there, but

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<v Speaker 1>still here today down more than twenty percent, So even

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<v Speaker 1>today's optimism is not enough to get it anywhere close

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<v Speaker 1>to gains.

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<v Speaker 2>All right.

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<v Speaker 3>The next one you've got here is one of the

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<v Speaker 3>first stocks I traded as a professional trader back in

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<v Speaker 3>the eighties. JBHT JP Hunt Trucking Company stocks ripping today.

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<v Speaker 1>It's not going back to the eighties, but it's the

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<v Speaker 1>best introdaate jumps since nineteen ninety eight. It's up eighteen percent.

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<v Speaker 1>The ticker is JVHT. The Transportational Logistic Company reported third

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<v Speaker 1>or third quarter earnings and it's beating the average channel

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<v Speaker 1>listimate by a large margin, so that the the analysts

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<v Speaker 1>we're expecting one door forty six cent and what we

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<v Speaker 1>got is one door seventy six cent. And the optimism

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<v Speaker 1>about Logistic is way beyond just the company. We're seeing

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<v Speaker 1>night Swift, Old Dominion, Saia, so many companies jumping off

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<v Speaker 1>the news, and Soviets has been the best day nearly

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<v Speaker 1>thirty years. Stock is still down here today despite the

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<v Speaker 1>massive jump. The results are positive sign for the industry.

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<v Speaker 1>It's obviously there have been quite a few years of

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<v Speaker 1>week shipping demand, access tracking capacity, so we're perhaps seeing

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<v Speaker 1>some of those issues being mitigated. And yeah, a lot

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<v Speaker 1>of optimism from didancing. We saw so many upgrades today,

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<v Speaker 1>Truists and many.

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<v Speaker 2>Others the Stock Mover Report from Bloomberg Radio. Check back

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