WEBVTT - FedEx Rises, Netskope Climbs in Debut, Intel Soars

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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>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Tim Steneveec along with Carol Master, and we're joined

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<v Speaker 3>by Bloomberg News Cross asset reporter Emily GRIFFEO, Emily, you

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<v Speaker 3>got a lot to choose from in the after hours today.

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<v Speaker 4>Oh yeah, there's a lot moving. Let's start with FedEx

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<v Speaker 4>ticker FDx, because it was up seven percent in the postmarket.

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<v Speaker 4>Now it's paired those gains ever so slightly, it's still

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<v Speaker 4>up over six percent. They reinstated their full year profit outlook.

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<v Speaker 4>So remember everyone was canceling their outlooks, were pulling guidance.

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<v Speaker 4>They were saying there's too much uncertainty. FedEx was one

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<v Speaker 4>of those companies that did that. They had previously withheld

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<v Speaker 4>their full year profit forecast, citing an inability to predict

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<v Speaker 4>how demand be shaped by tariffs. And now they said

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<v Speaker 4>adjusted earnings will be seventeen dollars and twenty cents to

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<v Speaker 4>nineteen dollars a share. We're back, So we're back. They

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<v Speaker 4>said that there's still some uncertainty in shipping volumes when

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<v Speaker 4>it comes to international export volumes, and that tariffs are

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<v Speaker 4>weighing on that part of the business. So it's not

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<v Speaker 4>like the terror risk has completely gone away, but this

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<v Speaker 4>is definitely a sign that one company is seeing.

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<v Speaker 5>A little bit of certainty in the future of their business.

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<v Speaker 3>Going into this print, they were beat up, they were

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<v Speaker 3>crossed twenty percent.

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<v Speaker 2>Yeah, they was going.

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<v Speaker 3>Into the air.

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<v Speaker 4>They're kind of an economic bell weather. Like obviously if people,

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<v Speaker 4>if consumers are pulling back spending, right, they're not.

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<v Speaker 5>Going to be shipping ah things.

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<v Speaker 1>So yeah, to come to come back and say from

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<v Speaker 1>no visibility right or not willing to commit to all right,

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<v Speaker 1>we got it, We're good. I should point out Ups

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<v Speaker 1>also have two point six percent in the aftermarket, so

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<v Speaker 1>lifting it. They're not the same exact companies, but it

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<v Speaker 1>did definitely lift that one in the aftermarket.

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<v Speaker 4>Yeah, finally some positive news IPO. Yeah, it's been hot recently.

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<v Speaker 4>There's been a lot of IPOs. I feel like in

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<v Speaker 4>the last couple of weeks. Bullish Klarna Netscope is the

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<v Speaker 4>IPO of the day, so it was up eighteen percent

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<v Speaker 4>on its first day trading as a public company. Their

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<v Speaker 4>cloud security platform. They said that some of their customers

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<v Speaker 4>are Colgate, Home Depot and Bayer. I feel like you

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<v Speaker 4>usually don't get that information, like who are your customers?

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<v Speaker 4>But they have.

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<v Speaker 3>You can get it on the Bloomberg terminal.

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<v Speaker 5>Yeah, there it is.

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<v Speaker 4>That's true.

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<v Speaker 5>You can get it on the Bloomberg terminal.

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<v Speaker 4>In our favorite functions cloud security, they do PLC right, yes, yeah,

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<v Speaker 4>that's one of my favorites.

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<v Speaker 3>They do network transformation, security, modernization, framework solutions in financial

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<v Speaker 3>services and insurance, legal, education, manufacturing, and public sectors.

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<v Speaker 1>So cybersecurity.

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<v Speaker 3>Yeah, eight and a half eight point six billion dollar

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<v Speaker 3>market cap, now that's right.

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<v Speaker 4>The IPO drew demand for more than twenty three times

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<v Speaker 4>the available shares, according to what Bloomberg had reported on Tuesday,

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<v Speaker 4>and it's given a lot of the early backers a

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<v Speaker 4>pretty big windfall. Light Speed Venture Partners is one of

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<v Speaker 4>those that they had invested in this company.

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<v Speaker 5>A very long time ago, and so they made a

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<v Speaker 5>lot of money. But now the company jumped in the IPO.

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<v Speaker 1>And not to be confused with Netscape from way back when.

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<v Speaker 3>No, not to be confused with Netscape market but you

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<v Speaker 3>want to go there you do. I mean I always

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<v Speaker 3>think of Netscape when I talk about Netscape. By the way,

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<v Speaker 3>light Speed might be familiar to people because it was

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<v Speaker 3>the first venture capital firm to invest in Snapchat and

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<v Speaker 3>they made a lot of money.

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<v Speaker 4>Right so net Scope NTSK.

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<v Speaker 1>Okay, one taker we are so familiar with. We've talked

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<v Speaker 1>about it a lot today. Are we going to go there?

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<v Speaker 5>We're going to go there.

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<v Speaker 4>Maybe I have more questions for you guys than you

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<v Speaker 4>have questions for me. Talk about it so much. We're

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<v Speaker 4>talking about Intel, tiker I NTC. It was up as

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<v Speaker 4>much as thirty percent today. That's humongous. That's a really

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<v Speaker 4>big jump for a company that has a market cap

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<v Speaker 4>in the hundreds of billions. And it was up because

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<v Speaker 4>Nvidia agreed to invest five billion dollars in Intel. This

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<v Speaker 4>confused me, Like, this is like Burger King and McDonald's

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<v Speaker 4>like teaming up.

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<v Speaker 1>Have you met the technology sector their frenemies. Yeah, they

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<v Speaker 1>kind of compete, but then they kind of work together.

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<v Speaker 4>Then they work together. So this was really good for

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<v Speaker 4>Intel's stock. They've obviously been a struggling chip maker and

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<v Speaker 4>so this is a move that I guess the market

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<v Speaker 4>sees as something that's going to prop them up.

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<v Speaker 3>I just want to remind everybody that you're a taxpayer

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<v Speaker 3>here in the US. You are an owner of Intel.

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<v Speaker 3>That's right, because the US government is one of the

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<v Speaker 3>largest shareholders. And in fact, if you go to HDS

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<v Speaker 3>on the Bloomberg terminal, which I just did.

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<v Speaker 1>I did this earlier, it blew my mind. The number

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<v Speaker 1>three shareholder.

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<v Speaker 3>Right after black Rock, after Vanguard United States of America

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<v Speaker 3>kind of blew my mind.

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<v Speaker 4>I don't think I've really ever seen that, right, I mean,

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<v Speaker 4>I've I'm always running HDS on an ETF and so

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<v Speaker 4>sometimes you'll see like a finish pension fund. But this

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<v Speaker 4>is really wonderful to see. This is so interesting. I've

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<v Speaker 4>just never seen that. So, yeah, black Rock, Vanguard USA,

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<v Speaker 4>and Vidiot not up there.

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<v Speaker 5>It was just five billion dollars in Intel. But we'll

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<v Speaker 5>see what happens next.

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<v Speaker 1>This also has to do it the general purpose processing chips,

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<v Speaker 1>right that Intel is really involved in. And I think

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<v Speaker 1>there's a way of like combining this with all of

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<v Speaker 1>the I guess data center needs and what's interesting, it

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<v Speaker 1>kind of makes some sense there.

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<v Speaker 3>And Ludlow told us that this deal came together before

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<v Speaker 3>the US's ownership interesting Intel came about.

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<v Speaker 1>So, although like you know, it's interesting, it.

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<v Speaker 3>Is interesting, Carol. Yeah, it's time to be covering the story.

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<v Speaker 1>Yeah.

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<v Speaker 5>We were right to be like purple. Yeah, so I

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<v Speaker 5>thought there were competitors.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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