1 00:00:02,520 --> 00:00:07,320 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock movers report 3 00:00:13,600 --> 00:00:16,560 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,319 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Fool. 5 00:00:22,079 --> 00:00:24,280 Speaker 3: All right, so let's get to some of the individual gainers. 6 00:00:24,280 --> 00:00:27,080 Speaker 4: Hey, Oracle, that is your number one gainer in the 7 00:00:27,120 --> 00:00:29,560 Speaker 4: S and P five hundred, finishing the day with a 8 00:00:29,600 --> 00:00:32,240 Speaker 4: gain of more than thirteen percent. Company reported fourth quarter 9 00:00:32,240 --> 00:00:36,440 Speaker 4: results that beat expectations, and they projected a seventy percent 10 00:00:36,479 --> 00:00:39,319 Speaker 4: gain in cloud infrastructure sales this fiscal year. 11 00:00:39,360 --> 00:00:42,680 Speaker 3: So really giving a bullish outlook. Okay, yep, all good, 12 00:00:42,720 --> 00:00:43,559 Speaker 3: All right, good. 13 00:00:43,520 --> 00:00:45,479 Speaker 4: No, that's okay, giving a bullish outlook for the closely 14 00:00:45,479 --> 00:00:47,040 Speaker 4: watched business. Stock by the way, is up more than 15 00:00:47,080 --> 00:00:49,360 Speaker 4: twenty percent year to date, so definitely an outperformer. 16 00:00:50,159 --> 00:00:52,199 Speaker 3: Data Dog. I don't know. For some reason, when I 17 00:00:52,200 --> 00:00:54,880 Speaker 3: say data dog, I think of you, Romaine. Don't you 18 00:00:55,040 --> 00:00:55,640 Speaker 3: like this name? 19 00:00:57,440 --> 00:00:58,880 Speaker 4: Wow? I don't know what he's doing with that. 20 00:00:59,280 --> 00:01:02,800 Speaker 3: Okay, let's get to dog. You always talk about data Dog. No, 21 00:01:02,920 --> 00:01:03,560 Speaker 3: I didn't mean it. 22 00:01:03,640 --> 00:01:06,080 Speaker 4: Do not read anything into that I read? I know, 23 00:01:06,200 --> 00:01:08,840 Speaker 4: I know, No, No, no, sometimes he has a dog. 24 00:01:08,959 --> 00:01:11,480 Speaker 3: Cigar has a dog. Yeah, okay, wonderful. 25 00:01:11,520 --> 00:01:16,760 Speaker 4: So maybe that's all data on Carol number one gator 26 00:01:16,800 --> 00:01:19,240 Speaker 4: than NASDAQ one hundred. All right, moving along, moving along, 27 00:01:19,280 --> 00:01:21,080 Speaker 4: up about three and a half percent in today's session. 28 00:01:21,120 --> 00:01:25,080 Speaker 4: Wolf Research upgraded the software company to outperform from peer perform. 29 00:01:25,200 --> 00:01:27,440 Speaker 4: They say it's one of the best position names and 30 00:01:27,480 --> 00:01:31,160 Speaker 4: their coverage to benefit from AI adoption from both an 31 00:01:31,200 --> 00:01:34,199 Speaker 4: adjacent more workloads to be observed and direct new AI 32 00:01:34,319 --> 00:01:35,720 Speaker 4: offerings point of view. 33 00:01:35,959 --> 00:01:38,200 Speaker 3: According to the analyst Alex Zuken. 34 00:01:38,319 --> 00:01:41,560 Speaker 4: Price target at one point fifty a share and so 35 00:01:41,720 --> 00:01:44,120 Speaker 4: the stock closed at one twenty two and change, so 36 00:01:44,120 --> 00:01:47,920 Speaker 4: so upside certainly there According to Wolf Research, Cardinal Health 37 00:01:47,920 --> 00:01:49,720 Speaker 4: four and a half percent. This was a top gainer 38 00:01:49,840 --> 00:01:52,520 Speaker 4: in the S and P five hundred shares hit a 39 00:01:52,560 --> 00:01:56,440 Speaker 4: record here today after the healthcare distributor boosted adjusted earnings 40 00:01:56,440 --> 00:01:58,680 Speaker 4: per share guidance for the full year and gave long 41 00:01:58,760 --> 00:02:01,640 Speaker 4: term growth targets that impressed street stocks up about thirty 42 00:02:01,640 --> 00:02:02,520 Speaker 4: five percent yere to date. 43 00:02:02,560 --> 00:02:05,680 Speaker 3: I know it was a record intraday, So yeah, okay. 44 00:02:05,440 --> 00:02:07,040 Speaker 1: Can I just add a couple of honorable mentions? 45 00:02:07,040 --> 00:02:12,680 Speaker 4: No, No, I have one more Wow, Shine Financial. I 46 00:02:12,720 --> 00:02:14,560 Speaker 4: was assuming you were going to get in there, so 47 00:02:14,880 --> 00:02:18,079 Speaker 4: I asked Faith Finley rather, if I could add this 48 00:02:18,160 --> 00:02:20,600 Speaker 4: into I know that was that was going back Finley, 49 00:02:20,919 --> 00:02:22,079 Speaker 4: if I could add a fourth name. 50 00:02:22,120 --> 00:02:22,919 Speaker 3: Shine Financial. 51 00:02:22,960 --> 00:02:26,160 Speaker 4: Guys up as much as sixty six percent in IPO today, 52 00:02:26,520 --> 00:02:28,560 Speaker 4: finishing the day with a thirty seven percent gain. 53 00:02:29,200 --> 00:02:30,440 Speaker 3: We're talking about. 54 00:02:30,200 --> 00:02:34,000 Speaker 4: An IPO that went pretty well, priced above a marketed range. 55 00:02:34,080 --> 00:02:36,680 Speaker 3: So yeah, doing pretty well. What do you what are 56 00:02:36,680 --> 00:02:37,240 Speaker 3: you going to add? 57 00:02:37,320 --> 00:02:39,440 Speaker 1: I'll add another honorable men, that was my honorable mention. 58 00:02:39,560 --> 00:02:41,560 Speaker 1: By the way, I'll just add MBA Materials having a 59 00:02:41,560 --> 00:02:43,960 Speaker 1: great day. I'll fourteen percent on the back of that 60 00:02:44,000 --> 00:02:46,520 Speaker 1: news about a potential loosening of rare earth rules here 61 00:02:46,520 --> 00:02:46,959 Speaker 1: in the US. 62 00:02:47,160 --> 00:02:49,720 Speaker 5: Jim, all right, let's do you decliners. I got my 63 00:02:49,760 --> 00:02:52,720 Speaker 5: eyes squarely focused on the tragedy that happened in India 64 00:02:52,760 --> 00:02:55,600 Speaker 5: earlier today, watching chairs of Boeing down four point eight 65 00:02:55,680 --> 00:02:57,359 Speaker 5: percent on the day, fell as much as close to 66 00:02:57,440 --> 00:03:00,920 Speaker 5: six percent earlier in the session. Seven eighty seven dreamliner 67 00:03:01,040 --> 00:03:04,600 Speaker 5: traveling from India to London's Gatwick Airport crash just shortly 68 00:03:04,600 --> 00:03:08,239 Speaker 5: after taking off. This was the first ever complete loss 69 00:03:08,520 --> 00:03:11,320 Speaker 5: of a whole of a seven eighty seven. It's a 70 00:03:11,360 --> 00:03:13,800 Speaker 5: plane that's more than a decade old. It's got advanced 71 00:03:13,880 --> 00:03:18,840 Speaker 5: lightweight composite materials that improve fuel efficiency. There's about eleven 72 00:03:19,000 --> 00:03:21,560 Speaker 5: hundred and fifty of these jets in service. Just an 73 00:03:21,600 --> 00:03:24,959 Speaker 5: absolute tragedy. Twenty twenty five is right now one of 74 00:03:25,000 --> 00:03:27,919 Speaker 5: the deadliest years in the past decade when it comes 75 00:03:27,960 --> 00:03:29,320 Speaker 5: to civil aviation. 76 00:03:29,760 --> 00:03:33,160 Speaker 1: Also EFFECTUTEMP are actually waiting for a press conference from 77 00:03:33,160 --> 00:03:36,440 Speaker 1: the US Transportation Secretary Sean Duffy on them. 78 00:03:36,520 --> 00:03:38,440 Speaker 5: Yeah, we're going to dip into that one on Radio 79 00:03:38,520 --> 00:03:41,040 Speaker 5: two when he does start to speak. Shares of General 80 00:03:41,080 --> 00:03:44,840 Speaker 5: Electric now doing business as GE Aerospace, the engine manufacturer, 81 00:03:44,880 --> 00:03:48,320 Speaker 5: down two point three percent. These were the engines that 82 00:03:48,600 --> 00:03:51,440 Speaker 5: powered that seven eighty seven Dreamline. They're the Gen X 83 00:03:51,480 --> 00:03:54,520 Speaker 5: one B engines. GE Aerospace actually is going to put 84 00:03:54,560 --> 00:03:56,280 Speaker 5: together a team. They're going to go to India to 85 00:03:56,320 --> 00:03:59,520 Speaker 5: analyze the cockpit data of that seven eighty seven Dreamliner. 86 00:04:00,120 --> 00:04:03,360 Speaker 5: This according to a report earlier from CNBC. Once again, 87 00:04:03,800 --> 00:04:08,080 Speaker 5: GE shares down two point three percent today. And finally, 88 00:04:08,160 --> 00:04:11,640 Speaker 5: how about some Pokemon trading cards, because that's what game 89 00:04:11,720 --> 00:04:15,200 Speaker 5: Stop is saying, is the future shareholders not loving it, 90 00:04:15,320 --> 00:04:17,960 Speaker 5: falling twenty two and a half percent. What's that not bigcoin, 91 00:04:18,279 --> 00:04:21,919 Speaker 5: not bitcoin? I guess this week it's growing trading card business. 92 00:04:22,320 --> 00:04:24,720 Speaker 5: Ryan Cohen said at the company's annual shareholder meeting. He's 93 00:04:24,720 --> 00:04:27,760 Speaker 5: the CEO that GameStop will focus on growing its trading 94 00:04:27,760 --> 00:04:30,839 Speaker 5: card business. The business of pokemon and sports trading cards 95 00:04:30,880 --> 00:04:32,920 Speaker 5: is in line with our heritage. It fits our trade 96 00:04:32,920 --> 00:04:35,200 Speaker 5: in model, it appears to our core customer base, and 97 00:04:35,240 --> 00:04:37,160 Speaker 5: it's deeply embedded in fistful retail. 98 00:04:37,240 --> 00:04:39,680 Speaker 1: Adobe RNA is crossing the wire looks like a beaten raise. 99 00:04:39,760 --> 00:04:42,640 Speaker 1: Quarter revenue up about eleven percent here at five point 100 00:04:42,720 --> 00:04:44,839 Speaker 1: eight seven billion, the street was looking for five point 101 00:04:44,839 --> 00:04:47,760 Speaker 1: eight even adjusted EPs coming in at five dollars and 102 00:04:47,880 --> 00:04:50,120 Speaker 1: six cents a year, the street was looking for for 103 00:04:50,520 --> 00:04:53,599 Speaker 1: ninety eight. The company's guidance here for the third quarter, 104 00:04:53,640 --> 00:04:55,760 Speaker 1: this says revenue we'll be in a range a five 105 00:04:55,800 --> 00:04:58,040 Speaker 1: point eight eight to five point nine to three billion. 106 00:04:58,080 --> 00:05:00,159 Speaker 1: The low end of that range is the average of 107 00:05:00,279 --> 00:05:03,560 Speaker 1: street estimates. The company also says digital media revenue a 108 00:05:03,640 --> 00:05:06,200 Speaker 1: key metric now, of course, given everything going on with 109 00:05:06,240 --> 00:05:08,960 Speaker 1: AI four point three seven to four point four billion, 110 00:05:09,120 --> 00:05:11,599 Speaker 1: and once again the low end of that range is 111 00:05:11,640 --> 00:05:14,599 Speaker 1: effectively the average of analyst estimates. You see that reaction 112 00:05:14,680 --> 00:05:15,920 Speaker 1: in the shares up six percent. 113 00:05:16,160 --> 00:05:19,160 Speaker 6: So the big question is really how the company really 114 00:05:19,279 --> 00:05:22,400 Speaker 6: frames what's going to happen once its price increase comes 115 00:05:22,440 --> 00:05:24,960 Speaker 6: into effect and announced it back in May, it takes effect, 116 00:05:25,240 --> 00:05:28,080 Speaker 6: or took effect June seventeen, it takes effect June seventeen. 117 00:05:28,120 --> 00:05:30,120 Speaker 6: I'm getting my dates all wrong, But that's a big 118 00:05:30,200 --> 00:05:32,880 Speaker 6: question mark because you've got upstarts like Figma and Canva 119 00:05:32,960 --> 00:05:36,000 Speaker 6: that can take away some of the casual users, but 120 00:05:36,120 --> 00:05:40,600 Speaker 6: the enterprise users will probably stick with Adobe. And how 121 00:05:40,680 --> 00:05:44,240 Speaker 6: much will we see that really jump in the revenue line? 122 00:05:44,400 --> 00:05:46,200 Speaker 7: All right, guys, just quick chicking here on the bond 123 00:05:46,240 --> 00:05:48,039 Speaker 7: market as we're waiting for more earnings to come out 124 00:05:48,240 --> 00:05:50,880 Speaker 7: our h one of them is Adobe trickles out as. 125 00:05:50,800 --> 00:05:52,400 Speaker 3: Well buying across the curve. 126 00:05:52,480 --> 00:05:54,680 Speaker 7: What was really interesting here is that we are off 127 00:05:54,720 --> 00:05:56,200 Speaker 7: the lows of the session when it comes to the 128 00:05:56,200 --> 00:05:59,520 Speaker 7: two year, despite those jobless claims and continuing claims as 129 00:05:59,560 --> 00:06:03,120 Speaker 7: well as softer PPI. Also on the back end, we 130 00:06:03,200 --> 00:06:05,320 Speaker 7: had that thirty year auction went all right, We got 131 00:06:05,320 --> 00:06:07,160 Speaker 7: through the auctions this week. Everything worked out. 132 00:06:07,160 --> 00:06:11,120 Speaker 4: Okay, Yeah, so interesting to see. Hey Rih, just starting 133 00:06:11,120 --> 00:06:14,120 Speaker 4: to cross the Bloomberg terminal Companies saying it still sees 134 00:06:14,160 --> 00:06:17,239 Speaker 4: fiscally your revenue of up ten percent to up thirteen percent. 135 00:06:17,320 --> 00:06:19,200 Speaker 4: Keep in mind as we wait for some more numbers 136 00:06:19,240 --> 00:06:21,520 Speaker 4: to come out, this one's been beaten up big time 137 00:06:22,279 --> 00:06:24,440 Speaker 4: here to dates, down about fifty five percent with almost 138 00:06:24,440 --> 00:06:27,880 Speaker 4: twenty one percent of the float shortage. So any our performance, 139 00:06:27,920 --> 00:06:30,279 Speaker 4: we could see some shortcovering, but we'll seek us. Right now, 140 00:06:30,680 --> 00:06:33,160 Speaker 4: we are seeing the stock bouncing around, just up about 141 00:06:33,160 --> 00:06:34,040 Speaker 4: four tensive a percent. 142 00:06:36,000 --> 00:06:40,040 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 143 00:06:40,120 --> 00:06:42,680 Speaker 2: us throughout the day for the latest roundup of companies 144 00:06:42,760 --> 00:06:45,839 Speaker 2: making news on Wall Street and for the latest market 145 00:06:45,880 --> 00:06:50,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 146 00:06:50,440 --> 00:06:53,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 147 00:06:54,000 --> 00:06:55,520 Speaker 2: the Bloomberg Business app.