Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Jim Stanteveeck along with Christina Raffini. We're joined by
Speaker 3: Bloomberg Television, Market sportspondent Nora and Melinda. For some stocks
Speaker 3: on the.
Speaker 4: Move, Hey, no happy Friday. I'm looking at the best
Speaker 4: performing stock in the S and P five hundred that
Speaker 4: belongs to Dell. This stock is up more than thirty
Speaker 4: percent so far today. We're seeing the outlook for its
Speaker 4: annual sales far surpassing estimates. So they're essentially seeing a
Speaker 4: lot of demand for servers that power AI work. So
Speaker 4: when you think about that aiplay, everyone's looking for a
Speaker 4: way to diversify their portfolio. Whatever company can kind of
Speaker 4: integrate and utilize artificial intelligence. Of course, you're going to
Speaker 4: see some strong gains here as we think about that
Speaker 4: more broadly. They so they expect one hundred and sixty
Speaker 4: seven billion dollars in revenue. Analysts we're expecting on in
Speaker 4: a forty two billion so far beating estimates, blowing it
Speaker 4: out of the water. You're seeing a stock being rewarded. Today.
Speaker 4: The stock is up about two and thirty percent roughly
Speaker 4: so far this year.
Speaker 3: It's amazing.
Speaker 1: You say, dude got to get all.
Speaker 3: I mean, dude, you're getting a dolt nice a few
Speaker 3: Dell was struggling a few years ago, and I remember that.
Speaker 3: I wrote this story years ago, like more than ten
Speaker 3: years ago.
Speaker 4: And you remember it.
Speaker 3: I remember it, yeah, I mean you always remember the
Speaker 3: stories you write. I don't always remember what I say.
Speaker 3: But he he was on this like ad campaign, this
Speaker 3: guy who the dude, you're getting a Dell guy, and
Speaker 3: he was trying to get Dell to bring him back
Speaker 3: to sell. Wait, I remember that more than a decade ago.
Speaker 3: I mean, the company today is a completely different company
Speaker 3: than it was then. But it's just funny because if
Speaker 3: you are of a certain age, that's what you remember
Speaker 3: from I remember this company competed with Gateway back in
Speaker 3: the day. Gateway is no longer around the seventh wealthiest
Speaker 3: person in the world now as a result of what
Speaker 3: he's done over at Dell. Okay, we had a great
Speaker 3: chat with Wujinhau earlier from Bloomberg Intelligence. Check it out
Speaker 3: on our podcast feed about the Dell results. What else
Speaker 3: are you watching?
Speaker 4: Also, he had shares of Gap. So the stock is
Speaker 4: down today, on track for its worst day and nearly
Speaker 4: a year. We did have the CEO on Bloomberg Television earlier.
Speaker 4: Today we're seeing sharers of the company plunging after the
Speaker 4: company lowered its sales outlook. Essentially this is due to
Speaker 4: the struggles with its product mix. So we do see
Speaker 4: some strength when it comes to Gap the brand, but
Speaker 4: Athleta not doing too hot. Banana Republic, Old Navy all
Speaker 4: three of those brands missing analyst estimates. I don't know
Speaker 4: if you guys shop at any of these names, but
Speaker 4: seems as though Gap is the one that's performing pretty
Speaker 4: well in terms of brand recognition progress the other three.
Speaker 1: Kind of this is really ironic because for a while
Speaker 1: it was those brands were lagging and Old Navy was
Speaker 1: the flagship. Lay was where they were constantly doing.
Speaker 3: We addressed my son in all Old Navy.
Speaker 1: Down. It was affordable, it was had a very strong,
Speaker 1: like loyal family vibe. And they've reinvested. I know they've
Speaker 1: got new creative directors. It's some of those other brands,
Speaker 1: including Gap, which now currently is doing better and it's
Speaker 1: old Navy which is lagging behind.
Speaker 4: Right, very interesting, especially when you think about people's brand
Speaker 4: loyalty more broadly.
Speaker 3: All right, what about Ford last one?
Speaker 4: So Ford ticker F making it pretty simple, They're set
Speaker 4: for its best monthly gain in seventeen years. This is
Speaker 4: the name that I'm like, wow on a tear up
Speaker 4: thirty five percent a year to date, but clearly the
Speaker 4: monthly scope looking pretty impressive. This essentially is as the
Speaker 4: company people see the companies a potential beneficiary of the
Speaker 4: AI boom. So AI is still in discussion just about
Speaker 4: which companies are benefiting from it, and of course the
Speaker 4: AI iscared that we still have as a cloud more broadly,
Speaker 4: but this really is sparking investor enthusiasm. So you're seeing
Speaker 4: Ford shares up on the day.
Speaker 3: Who would think board AI plan?
Speaker 2: Right? This stock mover's report from Bloomberg Radio. Check back
Speaker 2: with us throughout the day for the latest roundup of
Speaker 2: companies making news on Wall Street and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android
Speaker 2: Auto with the Bloomberg Business app.