1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,119 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,160 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,480 --> 00:00:19,160 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,160 --> 00:00:21,599 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Pretty Goop. Does you 6 00:00:21,640 --> 00:00:23,800 Speaker 3: get ready to come back to work after the June 7 00:00:23,800 --> 00:00:26,599 Speaker 3: teenth holiday? We've had a couple of stocks report earnings 8 00:00:26,960 --> 00:00:31,639 Speaker 3: ahead of this morning's bell. Big pop for CarMax, Critty, good. 9 00:00:31,440 --> 00:00:34,720 Speaker 1: Morning, Good morning, Nathan. Yeah, a couple earnings, a little 10 00:00:34,720 --> 00:00:36,639 Speaker 1: bit of a slow day on the macro front, outside 11 00:00:36,760 --> 00:00:38,680 Speaker 1: of course, of the geopolitical volatility we're seeing in the 12 00:00:38,680 --> 00:00:40,920 Speaker 1: Middle East, and because of the holiday yesterday, you are 13 00:00:40,960 --> 00:00:42,480 Speaker 1: seeing a bit of a catchup trade. But I'm gonna 14 00:00:42,479 --> 00:00:45,440 Speaker 1: start with earnings for a stock we don't lug every often, 15 00:00:45,560 --> 00:00:49,360 Speaker 1: which is CarMax. KMX is your ticker this morning. TRD 16 00:00:49,400 --> 00:00:51,360 Speaker 1: and just I have sixty nine dollars a share, hire 17 00:00:51,400 --> 00:00:54,560 Speaker 1: by about six and a half percent this morning. Now 18 00:00:54,640 --> 00:00:56,560 Speaker 1: it looks like they came their numbers came in a 19 00:00:56,600 --> 00:00:59,120 Speaker 1: little bit higher than estimates. Not a massive be here, 20 00:00:59,120 --> 00:01:01,800 Speaker 1: but enough to impress these markets. We're looking at first 21 00:01:01,840 --> 00:01:05,120 Speaker 1: quarter used vehicle sales about six point one billion dollars. 22 00:01:05,160 --> 00:01:07,959 Speaker 1: The estimate was about six billion on the dot. So 23 00:01:08,000 --> 00:01:10,480 Speaker 1: again those first quarter EPs beating as well. We're looking 24 00:01:10,480 --> 00:01:13,080 Speaker 1: at about a dollars thirty eight for the first quarter. 25 00:01:13,160 --> 00:01:16,280 Speaker 1: The consensus was a dollar seventeen. So the combination of 26 00:01:16,319 --> 00:01:19,720 Speaker 1: those two headlines certainly moving the market to the upside 27 00:01:19,840 --> 00:01:21,720 Speaker 1: this morning. But Nathan, as I said, it's a little 28 00:01:21,720 --> 00:01:23,800 Speaker 1: bit of a catshup trade in these markets as well 29 00:01:24,360 --> 00:01:26,760 Speaker 1: when it comes to the crypto market, and this is 30 00:01:26,800 --> 00:01:28,760 Speaker 1: again non an area I talk about very often in 31 00:01:28,800 --> 00:01:31,720 Speaker 1: this segment, but it's worth hitting because about two nights ago, 32 00:01:32,080 --> 00:01:34,319 Speaker 1: i want to say, thirty six hours ago, we heard 33 00:01:34,319 --> 00:01:36,800 Speaker 1: some news coming out of the Senate in fact, when 34 00:01:36,840 --> 00:01:38,800 Speaker 1: it comes to the stable coin bill and getting a 35 00:01:38,800 --> 00:01:40,080 Speaker 1: little bit of approval there in a bit of a 36 00:01:40,120 --> 00:01:42,840 Speaker 1: green light that is now starting to show up in 37 00:01:42,880 --> 00:01:44,959 Speaker 1: some of those crypto exposed names. Let me walk you 38 00:01:45,000 --> 00:01:47,160 Speaker 1: through a couple of them. Circle is going to be 39 00:01:47,200 --> 00:01:49,360 Speaker 1: the key one that you want to watch. See ourcl 40 00:01:49,880 --> 00:01:52,760 Speaker 1: is your ticker. They're the ones that actually talked about 41 00:01:52,760 --> 00:01:55,520 Speaker 1: issuing the stable coins in the first place. So massive 42 00:01:55,520 --> 00:01:57,840 Speaker 1: move here in the pre market, even though the news 43 00:01:58,000 --> 00:02:01,720 Speaker 1: is coming from about Wednesday night. CrCL hire by nine 44 00:02:01,760 --> 00:02:04,760 Speaker 1: percent this morning, trading at two hundred and seventeen dollars 45 00:02:04,760 --> 00:02:06,400 Speaker 1: a share. But you're seeing that in all of the 46 00:02:06,440 --> 00:02:10,600 Speaker 1: cryptocurrency exposed names, for example, So Coinbase is another COI 47 00:02:10,800 --> 00:02:12,880 Speaker 1: n catching up big this morning, hired by one point 48 00:02:12,880 --> 00:02:15,000 Speaker 1: two percent and officially part of the S and P 49 00:02:15,120 --> 00:02:17,560 Speaker 1: five hundred as well. So really keep an eye on 50 00:02:17,600 --> 00:02:20,760 Speaker 1: that stock now that it is officially a large cap 51 00:02:21,080 --> 00:02:24,560 Speaker 1: company pitpoint as well. From a broad standpoint, Hi by 52 00:02:24,560 --> 00:02:26,640 Speaker 1: about one point six percent to all of them moving 53 00:02:26,680 --> 00:02:29,480 Speaker 1: in line with that macro story. So M and A 54 00:02:29,960 --> 00:02:32,560 Speaker 1: on the docket as well, Nathan. When it comes to 55 00:02:33,320 --> 00:02:36,880 Speaker 1: home Depot of all plays, yes, yeah, they've got some 56 00:02:37,440 --> 00:02:42,520 Speaker 1: interest here. When it comes to QXO, which, folks, we 57 00:02:42,520 --> 00:02:44,160 Speaker 1: don't really talk about this one much, but it is 58 00:02:44,200 --> 00:02:47,360 Speaker 1: a company that operates in logistics. It's one of the 59 00:02:47,680 --> 00:02:51,160 Speaker 1: crown jewels of Brad Jacobs. It looks like GMS shares 60 00:02:51,200 --> 00:02:54,280 Speaker 1: are now jumping on the report of Home Depot's challenge 61 00:02:54,560 --> 00:02:58,160 Speaker 1: to the QXO bid. So there's plenty going on. Their 62 00:02:58,200 --> 00:03:00,680 Speaker 1: GMS shares as high as much high by as much 63 00:03:00,680 --> 00:03:03,919 Speaker 1: as twenty two percent in the pre market. Home depot 64 00:03:03,960 --> 00:03:06,760 Speaker 1: shares seeing a little bit of volatility as well. Remember, 65 00:03:06,760 --> 00:03:09,640 Speaker 1: home depots are reported earnings recently, they're trying to navigate 66 00:03:09,639 --> 00:03:12,799 Speaker 1: where their new consumer bases. Their shares are down this morning, 67 00:03:12,960 --> 00:03:15,320 Speaker 1: down by about six tenths of one percent, but that's 68 00:03:15,360 --> 00:03:17,640 Speaker 1: again very normal when you're talking about some M and 69 00:03:17,680 --> 00:03:20,919 Speaker 1: A action there. So home depot shares moving the market 70 00:03:20,919 --> 00:03:23,400 Speaker 1: a little bit lower. The next one, the last one 71 00:03:23,400 --> 00:03:25,960 Speaker 1: I'm gonna mention is Mandalis and again it's slim pickings. 72 00:03:26,000 --> 00:03:29,120 Speaker 1: I'm talking about some non traditional stocks usually in this segment, 73 00:03:29,160 --> 00:03:32,560 Speaker 1: in the segment, but Mandali's is actually higher by about 74 00:03:32,560 --> 00:03:35,960 Speaker 1: one percent MDLC. They are the makers of oreos. For 75 00:03:36,000 --> 00:03:38,600 Speaker 1: those who don't who don't know Wells Fargo, Oh I 76 00:03:38,640 --> 00:03:43,600 Speaker 1: know them. We all know we're very similar. Mondoley's getting 77 00:03:43,600 --> 00:03:45,640 Speaker 1: an upgrade from Wells Fargo thinking that the Bowld case 78 00:03:45,680 --> 00:03:48,800 Speaker 1: for them is more probable and more tangible. So a 79 00:03:48,840 --> 00:03:50,600 Speaker 1: sample of approval look for at Wells Fargo. 80 00:03:52,000 --> 00:03:56,120 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 81 00:03:56,200 --> 00:03:59,280 Speaker 2: us throughout today for the latest roundup of companies making 82 00:03:59,360 --> 00:04:02,920 Speaker 2: news on Wall Street and for the latest market moving headlines. 83 00:04:03,080 --> 00:04:07,040 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 84 00:04:07,080 --> 00:04:09,880 Speaker 2: dot com, and on Applecarplay and Android Auto with the 85 00:04:09,920 --> 00:04:11,280 Speaker 2: Bloomberg Business app.