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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: We want to take a look now at some of

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Speaker 3: the stocks on the move. Lisa Matteo here, joined by

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Speaker 3: Alexis Christopherus and we're joined now by Bloomberg's Christine Aquino. Christine,

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Speaker 3: we got to start with Dell because their share is

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Speaker 3: down ten percent, so not some good news from Dell.

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Speaker 1: Yeah, absolutely, Lisa, Dell TOKR DLL really taking a blow

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Speaker 1: here in terms of sharer move this morning, and that

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Speaker 1: is because we did get a look at their second

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Speaker 1: quarter of results. So head only, there's the slower AI

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Speaker 1: server orders. They booked five point six billion for this

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Speaker 1: period versus twelve point one billion in a previous period. Also,

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Speaker 1: operating margin missed estimates eight point eight percent below to

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Speaker 1: estimate for ten point three percent, so shareholders definitely looking

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Speaker 1: at these things as negatives. The silver lining though, is

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Speaker 1: that the company did boost its annual outlook and posted

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Speaker 1: quarterly sales and profit the top estimates. But it's really

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Speaker 1: those air server orders that are getting investors down. And

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Speaker 1: JP Morgan saying that the improvement in the margin trajectory

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Speaker 1: that the company is flagging will be an important watch point,

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Speaker 1: but the robust revenue race to a full year and

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Speaker 1: the outlook for the server revenues could be something that

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Speaker 1: will help shore out their growth outlook in a medium term.

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Speaker 3: Christine, want to talk a little Caterpillar, because it too

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Speaker 3: is getting beaten up today, down about three percent. Looks

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Speaker 3: like those tariffs are really taking a bite out of

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Speaker 3: the bottom line.

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Speaker 1: Absolutely, alexis a Caterpillar hick Er caad extending those opening

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Speaker 1: declines that, as you mentioned, down more than three percent

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Speaker 1: at the moment, is all about tariffs. So the company

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Speaker 1: is now warning that there will be a cost of

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Speaker 1: as much as one point eight billion for the full

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Speaker 1: year to the company from the impact of tariffs, and

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Speaker 1: then incremental tariff impact is expected to be run five

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Speaker 1: hundred million dollars to six hundred million in the third quarter.

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Speaker 1: So Blueberg Intelligence actually flagging that the update suggests terrorists

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Speaker 1: will be a bigger drag on profit than previously anticipated.

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Speaker 1: But the upside is they're still thinking that earnings will

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Speaker 1: bottom this year and that the revised outlook will apply

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Speaker 1: to operating margin will be near the bottom of its

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Speaker 1: target range.

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Speaker 3: You have no good news for us. All this down too.

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Speaker 1: I'm so sorry. I mean a dreary Friday.

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Speaker 3: I mean, are just people not spending on the beauty

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Speaker 3: as much anymore?

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Speaker 1: I mean, yeah, absolutely, Lisa. So the next stock I

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Speaker 1: want to talk about is Alta of course to Ulta,

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Speaker 1: that too is downshairs now extending the clients actually more

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Speaker 1: than four percent at the moment. So it's funny because

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Speaker 1: they did raise their sales outlook. They're saying that fiscal

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Speaker 1: for fiscal twenty twenty five sales will be twelve billion

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Speaker 1: to twelve point one billion, which is up from their

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Speaker 1: previous forecast of eleven point seven billion. The kickerto is

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Speaker 1: that Calm sales are expected to be flat or up

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Speaker 1: by a low single digit percent versus six point seven

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Speaker 1: percent in the second quarter. So we did hear from

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Speaker 1: Alta's CFO, Crystal AliOS, saying that it is prudent to

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Speaker 1: take a cautious approach because of uncertainty around consumer spending.

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Speaker 1: And you know that jives and what we've heard from

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Speaker 1: the University of Michigan sentiment survey for instance, right like,

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Speaker 1: there is just a lot of caution around the potential

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Speaker 1: for higher prices down the pipeline in the second half

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Speaker 1: of this year, and of course second half of the

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Speaker 1: year also tends to be a heavier spending period because

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Speaker 1: you have all the holidays that people are gearing up for.

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Speaker 1: And so yeah, maybe it is just a sense of

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Speaker 1: prudence among customers in terms of what they spend money on.

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Speaker 1: And maybe beauty is lower end the list.

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Speaker 3: I don't know, it's still high on my list. It's just.

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Speaker 2: The stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: the Bloomberg Business app. Mm hmm