Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today, and Lisa Mitteo, we're joined by Bloomberg's
Speaker 2: Dan Curtis. All right, Dan, thanks for joining us. I
Speaker 2: got to start with Deer because their shares a fall
Speaker 2: in about five percent.
Speaker 3: That's right, Lisa. The tractor maker has come out with
Speaker 3: net income guidance for the current fiscal year. It was
Speaker 3: it's looking at about four to four point seventy five
Speaker 3: billion dollars. That's well below Wall Street's five point three
Speaker 3: billion dollar estimate. So while the guidance was weak, fiscal
Speaker 3: fourth quarter sales and revenues both topped estimates. It's been
Speaker 3: a really tough year for farmers and you know, something
Speaker 3: to keep in mind ahead of Thanksgiving as we give
Speaker 3: thanks for the crops. Crop prices have been low and
Speaker 3: there's and farmers have been caught up in the tariff
Speaker 3: uncertainty around US, around the US policies. There's been some
Speaker 3: breakthrough recently with you know, the deal with to get
Speaker 3: more US crop shipments to China, and dear CEO John
Speaker 3: May said, quote, we believe twenty twenty six will mark
Speaker 3: the bottom of the large agg cycle. So they are
Speaker 3: looking ahead and they are looking for a bottom to this.
Speaker 3: But right now their outlook for the next year is
Speaker 3: not as strong as Wall Street was expecting. And as
Speaker 3: you said, that share sending shares lower.
Speaker 2: All right, let's talk for retail, because yesterday you had
Speaker 2: Cold Abercomi and Fitch like their share stored on. Today
Speaker 2: Urban Outfitters.
Speaker 3: That's right, and Urban Outfitters is joining those shares in
Speaker 3: a pop. They're up almost twenty percent in pre market.
Speaker 3: The apparel company posted third quarter sales that topped analyst estimates.
Speaker 3: The strong results came from its namesake brand as Urban Outfitters,
Speaker 3: alongside Anthropology stores. The quarter announced includes you know, the
Speaker 3: back to school shopping season, so it shows a strong
Speaker 3: demand for you know, people going back to school spending
Speaker 3: around events. And that's very much in line with the
Speaker 3: trend that Goldman Sachs noted recently. US consumers have been
Speaker 3: showing up for these events. So Goldman says, you know,
Speaker 3: but in between these events, it's been a little week.
Speaker 3: But when you have something like back to school and
Speaker 3: then also very much of note Black Friday Cyber Monday
Speaker 3: coming up. The US consumer has been showing up, so
Speaker 3: more signed for more positive signs from the US retailers
Speaker 3: this morning.
Speaker 2: Now I already started my Black Friday early. Dan, All right,
Speaker 2: let's go to tech. How about Dell.
Speaker 3: Yeah, So Dell, it's raised its annual projection for the
Speaker 3: year and is really benefiting from a key AI server
Speaker 3: business that we've been talking about, the AI boom all year,
Speaker 3: and Dell is a beneficiarya of this. It shipped over
Speaker 3: five billion dollars worth of those machines. It booked twelve
Speaker 3: billion dollars of orders in the prior quarter. It's also
Speaker 3: up to its projections of those shipments. That's two twenty
Speaker 3: five billion dollars from twenty billion dollars, So a massive
Speaker 3: projection increase from them. Those shares up three percent in
Speaker 3: pre market.
Speaker 2: Now on the flip side, we have Hewlett Packard their
Speaker 2: shares down about five percent.
Speaker 3: Yeah, and Hewlett Packard they're really struggling with higher memory prices,
Speaker 3: something that's going on throughout the entire market. It delivered
Speaker 3: a profit outlook that fell short of estimate. And not
Speaker 3: only is it you know, is it under pressure there,
Speaker 3: it's also announced four to six thousand job cuts by
Speaker 3: the end of twenty twenty eight. The company is turning
Speaker 3: towards AI tools to reduce its headcount. It's trying to
Speaker 3: blunt the impact of higher memory prices. But again that
Speaker 3: is not quite convincing investors. Those shares are down five percent.
Speaker 3: That's down on top of the twenty five percent fall
Speaker 3: this year.
Speaker 2: All right, if ally a z scaler down about eighteen
Speaker 2: per z scaler, explain who this is?
Speaker 3: Yeah, so z Scaler. It's not something everyone has heard
Speaker 3: of because it's a cybersecurity company, so it tends to
Speaker 3: be a little bit more business business than business to consumer.
Speaker 3: But the company reported fiscal first quarter results well above forecast.
Speaker 3: Company also raised its guidance for the rest of the year.
Speaker 3: That said, the shares are down seven percent, so to
Speaker 3: try and you know figure that one out. RBC Capital
Speaker 3: node that despite the strong quarter and the raise in
Speaker 3: full year outlook, the outlook raise was not as strong
Speaker 3: as the beat this quarter, which does the know some
Speaker 3: potential weakness over the next three quarters.
Speaker 1: The stockmover's report from Bloomberg Radio check back with us
Speaker 1: throughout the day for the latest roundup of companies making
Speaker 1: news on Wall Street, and for the latest market moving headlines.
Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 1: dot com, and on Applecarplay and Android Auto with the
Speaker 1: Bloomberg Business app.