WEBVTT - Dell Soars, Gap Slides, Ford Climbs

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Jim Stanteveeck along with Christina Raffini. We're joined by

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<v Speaker 3>Bloomberg Television, Market sportspondent Nora and Melinda. For some stocks

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<v Speaker 3>on the.

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<v Speaker 4>Move, Hey, no happy Friday. I'm looking at the best

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<v Speaker 4>performing stock in the S and P five hundred that

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<v Speaker 4>belongs to Dell. This stock is up more than thirty

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<v Speaker 4>percent so far today. We're seeing the outlook for its

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<v Speaker 4>annual sales far surpassing estimates. So they're essentially seeing a

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<v Speaker 4>lot of demand for servers that power AI work. So

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<v Speaker 4>when you think about that aiplay, everyone's looking for a

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<v Speaker 4>way to diversify their portfolio. Whatever company can kind of

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<v Speaker 4>integrate and utilize artificial intelligence. Of course, you're going to

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<v Speaker 4>see some strong gains here as we think about that

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<v Speaker 4>more broadly. They so they expect one hundred and sixty

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<v Speaker 4>seven billion dollars in revenue. Analysts we're expecting on in

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<v Speaker 4>a forty two billion so far beating estimates, blowing it

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<v Speaker 4>out of the water. You're seeing a stock being rewarded. Today.

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<v Speaker 4>The stock is up about two and thirty percent roughly

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<v Speaker 4>so far this year.

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<v Speaker 3>It's amazing.

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<v Speaker 1>You say, dude got to get all.

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<v Speaker 3>I mean, dude, you're getting a dolt nice a few

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<v Speaker 3>Dell was struggling a few years ago, and I remember that.

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<v Speaker 3>I wrote this story years ago, like more than ten

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<v Speaker 3>years ago.

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<v Speaker 4>And you remember it.

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<v Speaker 3>I remember it, yeah, I mean you always remember the

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<v Speaker 3>stories you write. I don't always remember what I say.

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<v Speaker 3>But he he was on this like ad campaign, this

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<v Speaker 3>guy who the dude, you're getting a Dell guy, and

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<v Speaker 3>he was trying to get Dell to bring him back

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<v Speaker 3>to sell. Wait, I remember that more than a decade ago.

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<v Speaker 3>I mean, the company today is a completely different company

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<v Speaker 3>than it was then. But it's just funny because if

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<v Speaker 3>you are of a certain age, that's what you remember

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<v Speaker 3>from I remember this company competed with Gateway back in

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<v Speaker 3>the day. Gateway is no longer around the seventh wealthiest

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<v Speaker 3>person in the world now as a result of what

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<v Speaker 3>he's done over at Dell. Okay, we had a great

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<v Speaker 3>chat with Wujinhau earlier from Bloomberg Intelligence. Check it out

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<v Speaker 3>on our podcast feed about the Dell results. What else

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<v Speaker 3>are you watching?

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<v Speaker 4>Also, he had shares of Gap. So the stock is

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<v Speaker 4>down today, on track for its worst day and nearly

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<v Speaker 4>a year. We did have the CEO on Bloomberg Television earlier.

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<v Speaker 4>Today we're seeing sharers of the company plunging after the

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<v Speaker 4>company lowered its sales outlook. Essentially this is due to

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<v Speaker 4>the struggles with its product mix. So we do see

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<v Speaker 4>some strength when it comes to Gap the brand, but

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<v Speaker 4>Athleta not doing too hot. Banana Republic, Old Navy all

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<v Speaker 4>three of those brands missing analyst estimates. I don't know

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<v Speaker 4>if you guys shop at any of these names, but

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<v Speaker 4>seems as though Gap is the one that's performing pretty

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<v Speaker 4>well in terms of brand recognition progress the other three.

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<v Speaker 1>Kind of this is really ironic because for a while

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<v Speaker 1>it was those brands were lagging and Old Navy was

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<v Speaker 1>the flagship. Lay was where they were constantly doing.

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<v Speaker 3>We addressed my son in all Old Navy.

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<v Speaker 1>Down. It was affordable, it was had a very strong,

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<v Speaker 1>like loyal family vibe. And they've reinvested. I know they've

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<v Speaker 1>got new creative directors. It's some of those other brands,

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<v Speaker 1>including Gap, which now currently is doing better and it's

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<v Speaker 1>old Navy which is lagging behind.

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<v Speaker 4>Right, very interesting, especially when you think about people's brand

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<v Speaker 4>loyalty more broadly.

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<v Speaker 3>All right, what about Ford last one?

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<v Speaker 4>So Ford ticker F making it pretty simple, They're set

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<v Speaker 4>for its best monthly gain in seventeen years. This is

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<v Speaker 4>the name that I'm like, wow on a tear up

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<v Speaker 4>thirty five percent a year to date, but clearly the

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<v Speaker 4>monthly scope looking pretty impressive. This essentially is as the

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<v Speaker 4>company people see the companies a potential beneficiary of the

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<v Speaker 4>AI boom. So AI is still in discussion just about

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<v Speaker 4>which companies are benefiting from it, and of course the

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<v Speaker 4>AI iscared that we still have as a cloud more broadly,

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<v Speaker 4>but this really is sparking investor enthusiasm. So you're seeing

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<v Speaker 4>Ford shares up on the day.

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<v Speaker 3>Who would think board AI plan?

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<v Speaker 2>Right? This stock mover's report from Bloomberg Radio. Check back

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