1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,840 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. Let's 4 00:00:16,840 --> 00:00:19,040 Speaker 2: take a look at some stocks on the move today. 5 00:00:19,040 --> 00:00:22,560 Speaker 2: Bloomberg News earnings reporter Red Brown is adjoining us. 6 00:00:22,880 --> 00:00:26,760 Speaker 3: Red. Before we get to his list, we just got to. 7 00:00:26,800 --> 00:00:30,880 Speaker 1: Mention, Oh, I'm sorry, that's okay. I'm just so excited 8 00:00:30,880 --> 00:00:31,440 Speaker 1: to see Red. 9 00:00:31,480 --> 00:00:33,640 Speaker 3: I know we are, and I know Red's been looking 10 00:00:33,640 --> 00:00:35,400 Speaker 3: at this, but you know he's going to give us 11 00:00:35,960 --> 00:00:38,519 Speaker 3: some names. But we just got to mention that Meta 12 00:00:38,600 --> 00:00:41,839 Speaker 3: is soaring in the aftermarket, up about eight nine percent 13 00:00:41,960 --> 00:00:44,720 Speaker 3: here after topping projections for second quarter sales, giving us 14 00:00:44,720 --> 00:00:47,919 Speaker 3: stronger than expected forecast for the current period. And they 15 00:00:47,960 --> 00:00:51,159 Speaker 3: talked a lot about their advertising business still growing quickly. 16 00:00:51,320 --> 00:00:53,680 Speaker 3: And then you've got of course Microsoft tim it's up 17 00:00:53,800 --> 00:00:55,080 Speaker 3: more than seven percent. 18 00:00:54,920 --> 00:00:57,959 Speaker 1: Cloud sales beat, and Azure cloud sales hit seventy five 19 00:00:58,000 --> 00:00:59,880 Speaker 1: billion dollars for the first time. 20 00:01:00,080 --> 00:01:01,120 Speaker 3: Now to the lovely Red Brown. 21 00:01:01,200 --> 00:01:02,639 Speaker 4: Yeah, I must be the only person that doesn't want 22 00:01:02,640 --> 00:01:06,319 Speaker 4: to talk about tech herdings, right, but yeah, we will 23 00:01:06,360 --> 00:01:09,360 Speaker 4: shift gears. I guess pretty pretty uh, rapidly. 24 00:01:09,400 --> 00:01:09,560 Speaker 3: Here. 25 00:01:09,760 --> 00:01:11,880 Speaker 4: One of the stocks on my radars Generac. They don't 26 00:01:11,880 --> 00:01:13,880 Speaker 4: do anything with tech. They make well, actually, maybe that's 27 00:01:13,880 --> 00:01:16,080 Speaker 4: not true. They make they make generator. 28 00:01:15,760 --> 00:01:18,839 Speaker 1: They do electricity. They need electricity to run that tech. 29 00:01:18,840 --> 00:01:21,840 Speaker 4: Apparently you need electricity to run a lot of data centers. 30 00:01:21,880 --> 00:01:23,720 Speaker 3: So our editorial team, could you come in here and 31 00:01:23,800 --> 00:01:26,080 Speaker 3: talk to red off the rails. 32 00:01:26,959 --> 00:01:29,160 Speaker 4: The company's doing really well and partially because of the 33 00:01:29,440 --> 00:01:33,280 Speaker 4: demand that's coming from data center companies who are like 34 00:01:33,560 --> 00:01:36,360 Speaker 4: they need diesel generators to just as a backup. So 35 00:01:36,400 --> 00:01:39,800 Speaker 4: apparently the company received one hundred and fifty million dollars 36 00:01:39,840 --> 00:01:43,440 Speaker 4: worth of sales from just those customers alone this year, 37 00:01:43,640 --> 00:01:45,640 Speaker 4: and management also set effecting to see more of that 38 00:01:45,680 --> 00:01:47,120 Speaker 4: coming in. So I think, you know, thinking about like 39 00:01:47,319 --> 00:01:49,880 Speaker 4: data center plays like Texas, which there's like really high 40 00:01:49,880 --> 00:01:53,720 Speaker 4: profile grid miildowns during from like a dusting of snow. 41 00:01:54,840 --> 00:01:59,120 Speaker 1: So like I think, as Pennsylvanian says, right right with 42 00:01:58,840 --> 00:01:59,760 Speaker 1: a laugh. 43 00:02:00,200 --> 00:02:02,440 Speaker 3: So, but I think about this with climate change and 44 00:02:02,480 --> 00:02:04,600 Speaker 3: like how hot it's been and man if our power 45 00:02:04,640 --> 00:02:06,560 Speaker 3: went out, like I would want a generator. 46 00:02:06,720 --> 00:02:08,760 Speaker 1: Oh yeah, well they do. So so I read as 47 00:02:08,760 --> 00:02:12,280 Speaker 1: you're talking about there's residential product sales right, which were up, 48 00:02:12,280 --> 00:02:14,880 Speaker 1: and then also commercial and industrial sales which were up 49 00:02:14,919 --> 00:02:16,160 Speaker 1: more than five percent. 50 00:02:15,919 --> 00:02:17,639 Speaker 4: Right, and and all of their end markers are doing 51 00:02:17,639 --> 00:02:20,679 Speaker 4: really well. To your point, Tim, residentials up seven percent 52 00:02:20,760 --> 00:02:23,000 Speaker 4: last quarter. Before that, they were growing like at high 53 00:02:23,040 --> 00:02:26,360 Speaker 4: double digits for for a few quarters prior to that. 54 00:02:26,520 --> 00:02:30,040 Speaker 4: So yeah, I think a good Christmas present, maybe totally. 55 00:02:30,080 --> 00:02:31,600 Speaker 3: And just so you know that we get you were 56 00:02:31,600 --> 00:02:33,880 Speaker 3: on the same plane. We've got the CEO on on 57 00:02:33,960 --> 00:02:35,080 Speaker 3: Monday at two forty pm. 58 00:02:35,240 --> 00:02:35,560 Speaker 4: Very nice. 59 00:02:35,639 --> 00:02:36,600 Speaker 3: Yeah, see, so we're with you. 60 00:02:37,000 --> 00:02:39,399 Speaker 1: Let's start gaming, because every time I walk by Carol's desk, 61 00:02:39,520 --> 00:02:42,400 Speaker 1: she is just like you were playing games, which I 62 00:02:42,400 --> 00:02:44,800 Speaker 1: don't even grank. Theft author is what she's playing? Is 63 00:02:44,800 --> 00:02:45,320 Speaker 1: that what you're doing? 64 00:02:45,360 --> 00:02:46,200 Speaker 3: Tell anyone? 65 00:02:46,720 --> 00:02:48,200 Speaker 1: What's that first person friend? 66 00:02:48,280 --> 00:02:48,440 Speaker 3: Yeah? 67 00:02:48,440 --> 00:02:48,760 Speaker 2: I don't know. 68 00:02:48,800 --> 00:02:53,360 Speaker 4: There's so many, There's so many afterwards. But those shares 69 00:02:53,400 --> 00:02:55,160 Speaker 4: were up today off of strong earning results. 70 00:02:55,160 --> 00:02:57,200 Speaker 1: Were trying electronic arts electronic. 71 00:02:56,800 --> 00:02:59,520 Speaker 4: Art excuse me sorry, electronic arts tickers. EA, we're up 72 00:02:59,520 --> 00:03:01,920 Speaker 4: as much as eight percent, whether that would have been 73 00:03:01,919 --> 00:03:04,760 Speaker 4: their best performance since twenty twenty two, but you know, 74 00:03:04,760 --> 00:03:08,880 Speaker 4: settled in around six percent. They company solid, solid booking 75 00:03:08,960 --> 00:03:11,640 Speaker 4: rates beat expectations in the second quarter. They did have 76 00:03:11,639 --> 00:03:14,280 Speaker 4: guidance that was a little bit lighter than than was expected, 77 00:03:14,280 --> 00:03:16,760 Speaker 4: but it didn't really spook investors. I think meant probably 78 00:03:16,800 --> 00:03:19,000 Speaker 4: the commentary about just the kind of the demand that 79 00:03:19,000 --> 00:03:21,640 Speaker 4: they're expecting for some of their games that are gonna 80 00:03:21,639 --> 00:03:23,840 Speaker 4: be coming out in the next couple of months, including 81 00:03:23,919 --> 00:03:28,080 Speaker 4: their first person shooter Battlefield. So there you go, Carol, 82 00:03:28,160 --> 00:03:29,760 Speaker 4: the game circle your calendar. 83 00:03:30,760 --> 00:03:31,240 Speaker 2: But yeah, this. 84 00:03:31,639 --> 00:03:34,839 Speaker 4: Compedy doing quite well and having some good success within 85 00:03:34,920 --> 00:03:37,640 Speaker 4: its its sporting divisions as well. 86 00:03:39,280 --> 00:03:43,320 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 87 00:03:43,400 --> 00:03:46,000 Speaker 2: us throughout the day for the latest roundup of companies 88 00:03:46,040 --> 00:03:49,120 Speaker 2: making news on Wall Street and for the latest market 89 00:03:49,160 --> 00:03:53,640 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 90 00:03:53,720 --> 00:03:57,240 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 91 00:03:57,320 --> 00:03:58,800 Speaker 2: the Bloomberg Business app.