Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 2: I'm Emily Grafeo with David Gera, and we're joined by
Speaker 2: Bloomberg News Equities reporter Alexandra Semenova for stocks on the move.
Speaker 3: Alex what are you looking at? Hey, guys, Great to
Speaker 3: be on with you. I'm taking a look at a
Speaker 3: really fun one, actually, Kwave Media that is a company
Speaker 3: focused on k pop short for Korean popular music. It
Speaker 3: is soaring today, up one hundred and thirty four percent
Speaker 3: right now, after saying it would sell up to five
Speaker 3: hundred million dollars worth of shares to buy bitcoin. The
Speaker 3: company at some point was up as much as two
Speaker 3: hundred and thirty six percent today. They say that they
Speaker 3: plan to become the meta planet of Korea, and actually,
Speaker 3: funny enough, they're following the same strategy as Michael Saylor's
Speaker 3: company sty where they sell shares of the company to
Speaker 3: buy the cryptocurrency. Really interesting. Investors are really liking this.
Speaker 4: This is becoming like a model. I think maybe not
Speaker 4: a widely spread model.
Speaker 2: I guess the other companies can make a lot of
Speaker 2: money doing certain dan.
Speaker 3: And just a broader testament to risk investment fully back
Speaker 3: on the risk mood is obviously very high with companies
Speaker 3: like this doing so well. They also went public last
Speaker 3: month through a blink check companies sounding a little bit
Speaker 3: like twenty twenty one.
Speaker 4: Again, here we are, that's kwn. What else are you
Speaker 4: watching this afteroon?
Speaker 3: Also looking at dollar a tree, just taking a look
Speaker 3: at the move right now. It's down more than eight percent.
Speaker 3: It warned its second quarter profit maybe down fifty percent
Speaker 3: from a year ago, citing, of course, terraff related costs
Speaker 3: that also includes the one hundred and forty five percent
Speaker 3: levies on China. The company did say that it expects
Speaker 3: to a profits to re accelerate in the second half
Speaker 3: of the year, but obviously that wasn't enough to please investors.
Speaker 3: It said that it's sale of Family Dollar for about
Speaker 3: a billion dollars earlier this year will allow to focus
Speaker 3: on its dollar store chains, but it is navigating what
Speaker 3: it says it is called a rapidly evolving environment.
Speaker 4: Still lessing at the fact that, like I was on
Speaker 4: surveillance yesterday and John Tucker positive the time King had
Speaker 4: never been in a Dollar Tree store before, which may
Speaker 4: be in fact true, and he's not here to defend himself.
Speaker 4: But how much is this like part and parcelvat theme
Speaker 4: that we're seeing among retailers just kind of expressing concern about, Yes,
Speaker 4: the uncertainty but in that Taiff policy work.
Speaker 3: Yeah, I mean, uncertainty has been the name of the
Speaker 3: game in all these corporate earnings. One of my colleagues
Speaker 3: did a story about how mentions of the word uncertainty
Speaker 3: reached more than three thousand this earning season. So investors
Speaker 3: are really you know, companies are trying to navigate it.
Speaker 3: Investors are trying to navigate it. But something fascinating is
Speaker 3: Deutsche Bank actually said that the earnings hit is going
Speaker 3: to be a third of what initially projected because Trump
Speaker 3: has been backpedaling on his trade policy so much so
Speaker 3: it may not actually be as bad as a lot
Speaker 3: of companies are saying.
Speaker 2: Okay, and so Dollar Tree Tacker dlt R down as
Speaker 2: much as eleven percent today, it's still pretty much holding
Speaker 2: onto those losses, down about eight percent right now.
Speaker 3: Taking quite a hit right now.
Speaker 2: What else.
Speaker 3: Last one I'm looking at is CrowdStrike, also having a
Speaker 3: bad day today, down about five percent right now. They
Speaker 3: projected revenue for the current quarter that came in below
Speaker 3: Wall Street estimates. They expect sales of one point one
Speaker 3: five billion dollars in despite actually beating their earnings, their
Speaker 3: stock is down. It was down as much as nine
Speaker 3: percent earlier in the day. So they've also been struggling
Speaker 3: with facing investigations by prosecutors and regulators over a deal
Speaker 3: with Carosoft Technology, and so they're dealing kind of with
Speaker 3: a lot of problems right now.
Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street and for the latest market
Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 1: the Bloomberg Business app.