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 3: Let's take a look at some of the stocks on
Speaker 3: the move today. Am Paul swinging alongside Scarlet bluemore't joined
Speaker 3: by Bloomberg's it needs a oh, but they need to.
Speaker 3: What are you looking at today?
Speaker 1: Let's start with Hewlett percart pretty rough data data tacorious.
Speaker 1: HP stockfell eight percent and more in earlier training. The
Speaker 1: company gave an outlook for profiting cash flow for the
Speaker 1: upcoming year that fell short by a large margin. Earning
Speaker 1: excluding some items will be two doors and twenty cents
Speaker 1: to two doors and forty cents. This is way lower
Speaker 1: than what the street was expecting. And more importantly, the
Speaker 1: cash flow number was between one point five billion and
Speaker 1: two billion projection and that was the result in The
Speaker 1: projection was two point four billion, so massive gap. Huge
Speaker 1: Pacarda is dealing with tighter margin. A part of this
Speaker 1: is the company has been building servers with expensive AI chips.
Speaker 1: HP is betting on networking as a major area of growth.
Speaker 1: The company intends to achieve greater profitability in the future,
Speaker 1: but it has seen a big drop today. The company
Speaker 1: is still up seven percent ere to date, but some
Speaker 1: pressure on this high AI spending we're seeing from the company, all.
Speaker 2: Right, and HPE is the check her there for Heili HACKERD.
Speaker 1: Let's move on to Salesforce, which did not report earnings
Speaker 1: because its earnings report is not due until later on.
Speaker 2: But I guess it gave guidance.
Speaker 1: Yeah, guidance, and we're seeing quite the reaction there. The
Speaker 1: stock is up nearly seven percent. The company forecast that
Speaker 1: revenue growth will accelerate to double digit. Sale Force expect
Speaker 1: sixty billion in annual revenue. This of course exclusive some numbers,
Speaker 1: but this is by January twenty thirty. Sales us Force
Speaker 1: has had a really tough ear It was down about
Speaker 1: twenty nine percent coming into this. Salesforce, of course, is
Speaker 1: a leadering customer management software, but it seems like the
Speaker 1: street has been cooling on that part of the industry.
Speaker 1: Salesforce has been going through a period of slower revenue growth.
Speaker 1: It's been going into those single digits, and now there
Speaker 1: is potentially some growth there and investors are pretty excited. Still,
Speaker 1: there is a concern that customers are spending more money
Speaker 1: on artificial intelligence toos from startups rather than those big
Speaker 1: traditional vendors like Salesforce. Theys, of course have a major
Speaker 1: growth bed like agent Force. So some optimism there, but
Speaker 1: still here today down more than twenty percent, So even
Speaker 1: today's optimism is not enough to get it anywhere close
Speaker 1: to gains.
Speaker 2: All right.
Speaker 3: The next one you've got here is one of the
Speaker 3: first stocks I traded as a professional trader back in
Speaker 3: the eighties. JBHT JP Hunt Trucking Company stocks ripping today.
Speaker 1: It's not going back to the eighties, but it's the
Speaker 1: best introdaate jumps since nineteen ninety eight. It's up eighteen percent.
Speaker 1: The ticker is JVHT. The Transportational Logistic Company reported third
Speaker 1: or third quarter earnings and it's beating the average channel
Speaker 1: listimate by a large margin, so that the the analysts
Speaker 1: we're expecting one door forty six cent and what we
Speaker 1: got is one door seventy six cent. And the optimism
Speaker 1: about Logistic is way beyond just the company. We're seeing
Speaker 1: night Swift, Old Dominion, Saia, so many companies jumping off
Speaker 1: the news, and Soviets has been the best day nearly
Speaker 1: thirty years. Stock is still down here today despite the
Speaker 1: massive jump. The results are positive sign for the industry.
Speaker 1: It's obviously there have been quite a few years of
Speaker 1: week shipping demand, access tracking capacity, so we're perhaps seeing
Speaker 1: some of those issues being mitigated. And yeah, a lot
Speaker 1: of optimism from didancing. We saw so many upgrades today,
Speaker 1: Truists and many.
Speaker 2: Others the Stock Mover Report from Bloomberg Radio. Check back
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