WEBVTT - K Wave Media Rises, Dollar Tree Warning, CrowdStrike Drops

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stock Movers podcast,

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<v Speaker 1>your roundup of companies making moves in the stock market

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some stocks on the move today.

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<v Speaker 2>I'm Emily Grafeo with David Gera, and we're joined by

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<v Speaker 2>Bloomberg News Equities reporter Alexandra Semenova for stocks on the move.

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<v Speaker 3>Alex what are you looking at? Hey, guys, Great to

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<v Speaker 3>be on with you. I'm taking a look at a

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<v Speaker 3>really fun one, actually, Kwave Media that is a company

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<v Speaker 3>focused on k pop short for Korean popular music. It

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<v Speaker 3>is soaring today, up one hundred and thirty four percent

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<v Speaker 3>right now, after saying it would sell up to five

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<v Speaker 3>hundred million dollars worth of shares to buy bitcoin. The

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<v Speaker 3>company at some point was up as much as two

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<v Speaker 3>hundred and thirty six percent today. They say that they

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<v Speaker 3>plan to become the meta planet of Korea, and actually,

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<v Speaker 3>funny enough, they're following the same strategy as Michael Saylor's

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<v Speaker 3>company sty where they sell shares of the company to

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<v Speaker 3>buy the cryptocurrency. Really interesting. Investors are really liking this.

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<v Speaker 4>This is becoming like a model. I think maybe not

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<v Speaker 4>a widely spread model.

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<v Speaker 2>I guess the other companies can make a lot of

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<v Speaker 2>money doing certain dan.

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<v Speaker 3>And just a broader testament to risk investment fully back

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<v Speaker 3>on the risk mood is obviously very high with companies

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<v Speaker 3>like this doing so well. They also went public last

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<v Speaker 3>month through a blink check companies sounding a little bit

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<v Speaker 3>like twenty twenty one.

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<v Speaker 4>Again, here we are, that's kwn. What else are you

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<v Speaker 4>watching this afteroon?

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<v Speaker 3>Also looking at dollar a tree, just taking a look

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<v Speaker 3>at the move right now. It's down more than eight percent.

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<v Speaker 3>It warned its second quarter profit maybe down fifty percent

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<v Speaker 3>from a year ago, citing, of course, terraff related costs

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<v Speaker 3>that also includes the one hundred and forty five percent

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<v Speaker 3>levies on China. The company did say that it expects

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<v Speaker 3>to a profits to re accelerate in the second half

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<v Speaker 3>of the year, but obviously that wasn't enough to please investors.

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<v Speaker 3>It said that it's sale of Family Dollar for about

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<v Speaker 3>a billion dollars earlier this year will allow to focus

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<v Speaker 3>on its dollar store chains, but it is navigating what

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<v Speaker 3>it says it is called a rapidly evolving environment.

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<v Speaker 4>Still lessing at the fact that, like I was on

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<v Speaker 4>surveillance yesterday and John Tucker positive the time King had

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<v Speaker 4>never been in a Dollar Tree store before, which may

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<v Speaker 4>be in fact true, and he's not here to defend himself.

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<v Speaker 4>But how much is this like part and parcelvat theme

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<v Speaker 4>that we're seeing among retailers just kind of expressing concern about, Yes,

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<v Speaker 4>the uncertainty but in that Taiff policy work.

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<v Speaker 3>Yeah, I mean, uncertainty has been the name of the

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<v Speaker 3>game in all these corporate earnings. One of my colleagues

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<v Speaker 3>did a story about how mentions of the word uncertainty

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<v Speaker 3>reached more than three thousand this earning season. So investors

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<v Speaker 3>are really you know, companies are trying to navigate it.

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<v Speaker 3>Investors are trying to navigate it. But something fascinating is

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<v Speaker 3>Deutsche Bank actually said that the earnings hit is going

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<v Speaker 3>to be a third of what initially projected because Trump

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<v Speaker 3>has been backpedaling on his trade policy so much so

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<v Speaker 3>it may not actually be as bad as a lot

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<v Speaker 3>of companies are saying.

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<v Speaker 2>Okay, and so Dollar Tree Tacker dlt R down as

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<v Speaker 2>much as eleven percent today, it's still pretty much holding

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<v Speaker 2>onto those losses, down about eight percent right now.

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<v Speaker 3>Taking quite a hit right now.

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<v Speaker 2>What else.

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<v Speaker 3>Last one I'm looking at is CrowdStrike, also having a

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<v Speaker 3>bad day today, down about five percent right now. They

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<v Speaker 3>projected revenue for the current quarter that came in below

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<v Speaker 3>Wall Street estimates. They expect sales of one point one

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<v Speaker 3>five billion dollars in despite actually beating their earnings, their

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<v Speaker 3>stock is down. It was down as much as nine

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<v Speaker 3>percent earlier in the day. So they've also been struggling

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<v Speaker 3>with facing investigations by prosecutors and regulators over a deal

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<v Speaker 3>with Carosoft Technology, and so they're dealing kind of with

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<v Speaker 3>a lot of problems right now.

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<v Speaker 1>The Stock Movers podcast from Bloomberg Radio. Check back with

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