Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenovak, Romain, Bostik, and Scarlet Flu.
Speaker 3: Three hundred and eighty nine names in the S and
Speaker 3: P five hundred hired today, one hundred and thirteen to
Speaker 3: the downside, and Katie won unchanged.
Speaker 4: Let's take a look at the sector level here broad
Speaker 4: Breath overall nine of eleven sectors finishing in the green.
Speaker 4: You can see that big tech finish just a hair higher.
Speaker 4: It was industrials really though, that stole the show, up
Speaker 4: by one point eight percent as a sector, followed by
Speaker 4: materials and consumer discretionary. In terms of what didn't perform
Speaker 4: on this sped day Wednesday, Utilities down about a ten
Speaker 4: percent and consumer staples pretty much flat on the day
Speaker 4: but slightly red.
Speaker 3: Carol, all right, let's go to some of the individual gainers.
Speaker 3: Jeevrnova shares climbing sixteen percent, biggest one day gain on record.
Speaker 3: So this stock soaring. It's the top performing stock in
Speaker 3: the S and P five hundred today, the company doubling
Speaker 3: its dividend increase, the scope for share buybacks, and raised
Speaker 3: earnings projections. Keep in mind, this is a company we've
Speaker 3: been talking about this here right that it has really
Speaker 3: benefited for the soaring US demand for electricity, whether it's
Speaker 3: data centers, AI largely and just really the overall electrification
Speaker 3: of the economy. That stock is up about one hundred
Speaker 3: and eighteen percent year to date and so quite some
Speaker 3: outperformance there. Let's go to Warner Brothers Discovery because this
Speaker 3: one certainly on my list. I think it was a
Speaker 3: top gainer in the Nasdaq one hundred four and a
Speaker 3: half percent to the upside. We just got some comments
Speaker 3: from President Trump saying that any deal for Warner Brothers
Speaker 3: Discovery must include CNN, and as we pointed out that
Speaker 3: that deal, the offers that we've gotten paramount includes the
Speaker 3: CNN property. The Netflix deal does not. But nonetheless Warner
Speaker 3: Brothers Discovery. It's up about four days in a row,
Speaker 3: again of about sixteen percent of one hundred and thirty
Speaker 3: five percent since September tenth. And just for something different,
Speaker 3: David Busters, I know it's a small cap company, plays
Speaker 3: the ticker up about thirteen percent in today's session. This
Speaker 3: is Wall Street analysts highlight improving comp sales trends in October.
Speaker 3: November just bite a third quarter miss, and during the
Speaker 3: conference call, the company did come out and say that
Speaker 3: traffic at its dining rooms late in the quarter was
Speaker 3: meaningful up year over year, with October samestore food sales
Speaker 3: being the best month of the year and improving in November.
Speaker 3: Stock is down about thirty one percent year today thirty
Speaker 3: eight percent of the float is short.
Speaker 1: So I just want to add an honorable mention in
Speaker 1: there to Carol. I'll keep an eye on shares a Cisco,
Speaker 1: which have been rallying now for seven straight days, adding
Speaker 1: nine tens of our percent on the day, and that's
Speaker 1: actually going to be good enough for a record high,
Speaker 1: and significant because it hasn't hit a record high since
Speaker 1: the dot com bubble burst all the way back in
Speaker 1: twenty twenty, the first record high for Cisco in twenty
Speaker 1: five years. And I bring that up as well, because,
Speaker 1: of course we talk about some of these old tech
Speaker 1: stocks that have found some new life here in the
Speaker 1: AI era. We are expected to get earning it a
Speaker 1: little bit later today from Oracle, which of course hit
Speaker 1: a record high back in September.
Speaker 5: Well, before we get those earnings, let's go over some
Speaker 5: of the other movers to the downside today on the dad,
Speaker 5: do you want to start with? Shares of Netflix down
Speaker 5: four point two percent today, six session in a row
Speaker 5: to the downside. This is the longest losing streak going
Speaker 5: back to January. Now over this time, the last six days,
Speaker 5: it's fallen fifteen percent. That's the worst since twenty twenty two.
Speaker 5: This all is the bidding war for Warner Brothers, Discovery
Speaker 5: heats up, and just a reminder of what we heard
Speaker 5: from the President moments ago at the White House. He
Speaker 5: says that any Warner Brothers deal must include the sale
Speaker 5: of CNN. Also, Paramount out with some headlines too, saying
Speaker 5: that the Netflix cash component is about seven dollars a
Speaker 5: share lower. Paramount also says in a letter that it's
Speaker 5: thirty dollars a share offer is superior. So, like Katie said,
Speaker 5: this story is one that continues, but Netflix has taken
Speaker 5: a hit over the last few days as a result. Also,
Speaker 5: large hospital chains, including HCA Healthcare and Tenant Healthcare fell
Speaker 5: today after reports indicated that Republican congressional leaders are considering
Speaker 5: a Medicare pay cut for hospitals as counterproposal to Democrats
Speaker 5: demand to renew Obamacare subsidies. HCA Healthcare ticker HCA fell
Speaker 5: four percent today. That policy was included in a list
Speaker 5: of healthcare options percented to Republican House members in a
Speaker 5: meeting today. This according to a document viewed by Bloomberg,
Speaker 5: it could lower cost O patients and save the Medicare
Speaker 5: program substantial amounts of money, but it has been opposed
Speaker 5: to hospitals due to the higher overhead costs. And finally,
Speaker 5: the parent company of Instacart Maple Bear down six percent today.
Speaker 5: It was one of the numerous online gig economy stocks
Speaker 5: that took a hit, including Lift, Uber, Door, Dash, and more.
Speaker 5: This after Amazon said it's expanded same day delivery offering
Speaker 5: for perishable groceries to over twenty three hundred cities in
Speaker 5: towns from me.
Speaker 1: Local Earning's crossing the wire right now, Let's get right
Speaker 1: to it here. It does look like the top and
Speaker 1: bottom lines are meeting. Second quarter numbers up about fourteen
Speaker 1: percent on the revenue side to roughly sixteen billion dollars.
Speaker 1: Though that does look like it's just a tad light
Speaker 1: The street was looking for sixteen point two billion dollars
Speaker 1: revenue on a constant currency basis up thirteen percent.
Speaker 2: That's also light.
Speaker 1: The street was looking for roughly about fourteen points six
Speaker 1: will round that up to fifteen percent EPs in the quarter.
Speaker 1: Two dollars and twenty six cents a share. That is
Speaker 1: a beat, a sizeable beat. The street was looking for
Speaker 1: a dollar sixty four here. I'm not seeing a guidance
Speaker 1: just yet here, but we should point out that cloud
Speaker 1: revenue was up thirty six percent in the most recent quarter,
Speaker 1: Cloud infrastructure revenue a separate category that was up seventy
Speaker 1: one percent in the most recent quarter, and cloud application
Speaker 1: revenue was up about eleven percent.
Speaker 4: All right, let's take a quick look at Adobe. Those
Speaker 4: earnings also crossing the wire here. Adobe shares hired by
Speaker 4: about two percent after reporting that fourth quarter adjusted EPs
Speaker 4: beat the estimate. The numbers there for fourth quarter adjusted
Speaker 4: EPs coming in at five dollars and fifty cents. The
Speaker 4: estimate had been for five dollars and thirty nine cents. Also,
Speaker 4: fourth quarter revenue coming in ahead of expectations as well.
Speaker 4: You take a look at the guide here, they see
Speaker 4: first quarter revenue between six point two five billion dollars
Speaker 4: and six point three billion dollars. The estimate had been
Speaker 4: for six point twenty four billion dollars, so the midpoint
Speaker 4: of that range comfortable ahead of the estimate. They also
Speaker 4: see first quarter adjusted EPs between five dollars and eighty
Speaker 4: five cents to five dollars and ninety cents. The estimate
Speaker 4: had been for five dollars and sixty six cents. So
Speaker 4: looks like a beat and raised quarter there. You can
Speaker 4: see that reflected in Adobe shares after our hire by
Speaker 4: about two percent. We know this company has been pretty
Speaker 4: beaten up in the stock market this year.
Speaker 5: I'm getting back to Oracle and looking at the commentary.
Speaker 5: Lots of commentary coming from executives at the company. Oracle
Speaker 5: CEO Mike ccilia is saying that AI training and selling
Speaker 5: AI models are very big business, but we think there's
Speaker 5: an even larger opportunity embedding AI in a variety of
Speaker 5: different products. Oracle is in a unique position to embed
Speaker 5: AI and all three layers of our software products cloud
Speaker 5: data center software, autonomous database and analytics software, and our
Speaker 5: application software. Shares Oracle down about close to six percent
Speaker 5: in the after hours.
Speaker 3: All right, let's get to the application software company synopsis.
Speaker 3: It is also reporting its results and into the outlook.
Speaker 3: Let's start there. Sees first quote a revenue of two
Speaker 3: point three seven billion to two point forty two billion.
Speaker 3: The estimate on the street is two point thirty six billion.
Speaker 3: First quarter just aed EPs again to the outlook, three
Speaker 3: point fifty two is shared to three fifty eight a share.
Speaker 3: Estimate on the street is three forty six, So it
Speaker 3: does look like it's bumping that higher, and we do
Speaker 3: see the stock up two point six percent in the
Speaker 3: after market. Twenty twenty six revenue nine point five six
Speaker 3: billion to nine point sixty six billion. That compares with
Speaker 3: nine point sixty three billion in terms of the estimate,
Speaker 3: and it sees twenty twenty six adjusted EPs of fourteen
Speaker 3: thirty two is shared to fourteen forty. That two is
Speaker 3: handily above the street estimate of fourteen eleven. So again
Speaker 3: that's stock up about two percent in the after market,
Speaker 3: and fourth quarter revenue just for some growth year over
Speaker 3: year up thirty eight percent and fourth quarter adjusted EPs,
Speaker 3: so I look back at the quarter that was two
Speaker 3: ninety versus three forty year over year, but nonetheless tempering
Speaker 3: some of its gains in the aftermarket will still up
Speaker 3: you guys, about one percent.
Speaker 1: HEREHILLI and we go back two. Of course, Oracle, which
Speaker 1: obviously sort of is kind of the full chrome for
Speaker 1: everything that we're reading now with regards to Synopsis, Adobe
Speaker 1: and the rest of that AI trade. And I was
Speaker 1: looking through their presentation on their website and they talk
Speaker 1: a lot about the new customers that they've signed up
Speaker 1: in the most recent quarter for the services. But a
Speaker 1: big part of this, and a big part of why
Speaker 1: you're seeing the shares down, there's a lot of concern
Speaker 1: about Oracle's ability to fund that. Remember, Unlike some of
Speaker 1: the hyperscalers and the others that we've talked about who
Speaker 1: have been able to fund their AI dreams primarily with
Speaker 1: their own cash on the balance sheet, Oracle has relied
Speaker 1: on a big way on the debt markets. And the
Speaker 1: expectation is they will return to the debt market debt
Speaker 1: markets to fulfill some of those obligations. And some big
Speaker 1: questions here about whether that erodes profitability.
Speaker 5: You guys are talking tech. I'm also looking at what's
Speaker 5: happening in the ski business. Ville Resorts reporting down just
Speaker 5: about one percent in the after hours first Quarternet revenue
Speaker 5: missed estimates. First quarter total skier visits came in above estimates.
Speaker 5: First quarter loss for share came in slightly above estimates
Speaker 5: at five dollars and twenty cents. Once again shares Avila Resort.
Speaker 5: It's done about one point one percent in the.
Speaker 3: After hours, all right, and back to Adobe. It is
Speaker 3: up about two point six percent here in the aftermarket,
Speaker 3: and we're looking at Oracle under pressure, continuing to see
Speaker 3: trade lower here in the aftermarket. It is down about
Speaker 3: five point one percent.
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
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