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: Let's take a look at some stocks on the move today.
Speaker 3: I'm Tim Steneveec along with Carol Master, and we're joined
Speaker 3: by Bloomberg News Cross asset reporter Emily GRIFFEO, Emily, you
Speaker 3: got a lot to choose from in the after hours today.
Speaker 4: Oh yeah, there's a lot moving. Let's start with FedEx
Speaker 4: ticker FDx, because it was up seven percent in the postmarket.
Speaker 4: Now it's paired those gains ever so slightly, it's still
Speaker 4: up over six percent. They reinstated their full year profit outlook.
Speaker 4: So remember everyone was canceling their outlooks, were pulling guidance.
Speaker 4: They were saying there's too much uncertainty. FedEx was one
Speaker 4: of those companies that did that. They had previously withheld
Speaker 4: their full year profit forecast, citing an inability to predict
Speaker 4: how demand be shaped by tariffs. And now they said
Speaker 4: adjusted earnings will be seventeen dollars and twenty cents to
Speaker 4: nineteen dollars a share. We're back, So we're back. They
Speaker 4: said that there's still some uncertainty in shipping volumes when
Speaker 4: it comes to international export volumes, and that tariffs are
Speaker 4: weighing on that part of the business. So it's not
Speaker 4: like the terror risk has completely gone away, but this
Speaker 4: is definitely a sign that one company is seeing.
Speaker 5: A little bit of certainty in the future of their business.
Speaker 3: Going into this print, they were beat up, they were
Speaker 3: crossed twenty percent.
Speaker 2: Yeah, they was going.
Speaker 3: Into the air.
Speaker 4: They're kind of an economic bell weather. Like obviously if people,
Speaker 4: if consumers are pulling back spending, right, they're not.
Speaker 5: Going to be shipping ah things.
Speaker 1: So yeah, to come to come back and say from
Speaker 1: no visibility right or not willing to commit to all right,
Speaker 1: we got it, We're good. I should point out Ups
Speaker 1: also have two point six percent in the aftermarket, so
Speaker 1: lifting it. They're not the same exact companies, but it
Speaker 1: did definitely lift that one in the aftermarket.
Speaker 4: Yeah, finally some positive news IPO. Yeah, it's been hot recently.
Speaker 4: There's been a lot of IPOs. I feel like in
Speaker 4: the last couple of weeks. Bullish Klarna Netscope is the
Speaker 4: IPO of the day, so it was up eighteen percent
Speaker 4: on its first day trading as a public company. Their
Speaker 4: cloud security platform. They said that some of their customers
Speaker 4: are Colgate, Home Depot and Bayer. I feel like you
Speaker 4: usually don't get that information, like who are your customers?
Speaker 4: But they have.
Speaker 3: You can get it on the Bloomberg terminal.
Speaker 5: Yeah, there it is.
Speaker 4: That's true.
Speaker 5: You can get it on the Bloomberg terminal.
Speaker 4: In our favorite functions cloud security, they do PLC right, yes, yeah,
Speaker 4: that's one of my favorites.
Speaker 3: They do network transformation, security, modernization, framework solutions in financial
Speaker 3: services and insurance, legal, education, manufacturing, and public sectors.
Speaker 1: So cybersecurity.
Speaker 3: Yeah, eight and a half eight point six billion dollar
Speaker 3: market cap, now that's right.
Speaker 4: The IPO drew demand for more than twenty three times
Speaker 4: the available shares, according to what Bloomberg had reported on Tuesday,
Speaker 4: and it's given a lot of the early backers a
Speaker 4: pretty big windfall. Light Speed Venture Partners is one of
Speaker 4: those that they had invested in this company.
Speaker 5: A very long time ago, and so they made a
Speaker 5: lot of money. But now the company jumped in the IPO.
Speaker 1: And not to be confused with Netscape from way back when.
Speaker 3: No, not to be confused with Netscape market but you
Speaker 3: want to go there you do. I mean I always
Speaker 3: think of Netscape when I talk about Netscape. By the way,
Speaker 3: light Speed might be familiar to people because it was
Speaker 3: the first venture capital firm to invest in Snapchat and
Speaker 3: they made a lot of money.
Speaker 4: Right so net Scope NTSK.
Speaker 1: Okay, one taker we are so familiar with. We've talked
Speaker 1: about it a lot today. Are we going to go there?
Speaker 5: We're going to go there.
Speaker 4: Maybe I have more questions for you guys than you
Speaker 4: have questions for me. Talk about it so much. We're
Speaker 4: talking about Intel, tiker I NTC. It was up as
Speaker 4: much as thirty percent today. That's humongous. That's a really
Speaker 4: big jump for a company that has a market cap
Speaker 4: in the hundreds of billions. And it was up because
Speaker 4: Nvidia agreed to invest five billion dollars in Intel. This
Speaker 4: confused me, Like, this is like Burger King and McDonald's
Speaker 4: like teaming up.
Speaker 1: Have you met the technology sector their frenemies. Yeah, they
Speaker 1: kind of compete, but then they kind of work together.
Speaker 4: Then they work together. So this was really good for
Speaker 4: Intel's stock. They've obviously been a struggling chip maker and
Speaker 4: so this is a move that I guess the market
Speaker 4: sees as something that's going to prop them up.
Speaker 3: I just want to remind everybody that you're a taxpayer
Speaker 3: here in the US. You are an owner of Intel.
Speaker 3: That's right, because the US government is one of the
Speaker 3: largest shareholders. And in fact, if you go to HDS
Speaker 3: on the Bloomberg terminal, which I just did.
Speaker 1: I did this earlier, it blew my mind. The number
Speaker 1: three shareholder.
Speaker 3: Right after black Rock, after Vanguard United States of America
Speaker 3: kind of blew my mind.
Speaker 4: I don't think I've really ever seen that, right, I mean,
Speaker 4: I've I'm always running HDS on an ETF and so
Speaker 4: sometimes you'll see like a finish pension fund. But this
Speaker 4: is really wonderful to see. This is so interesting. I've
Speaker 4: just never seen that. So, yeah, black Rock, Vanguard USA,
Speaker 4: and Vidiot not up there.
Speaker 5: It was just five billion dollars in Intel. But we'll
Speaker 5: see what happens next.
Speaker 1: This also has to do it the general purpose processing chips,
Speaker 1: right that Intel is really involved in. And I think
Speaker 1: there's a way of like combining this with all of
Speaker 1: the I guess data center needs and what's interesting, it
Speaker 1: kind of makes some sense there.
Speaker 3: And Ludlow told us that this deal came together before
Speaker 3: the US's ownership interesting Intel came about.
Speaker 1: So, although like you know, it's interesting, it.
Speaker 3: Is interesting, Carol. Yeah, it's time to be covering the story.
Speaker 1: Yeah.
Speaker 5: We were right to be like purple. Yeah, so I
Speaker 5: thought there were competitors.
Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
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