1
00:00:02,520 --> 00:00:08,720
Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:15,880
Speaker 2: the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,800 --> 00:00:19,120
Speaker 1: I am Carol Messer along my data girl. Let's get

5
00:00:19,160 --> 00:00:20,960
Speaker 1: a check on some of the stocks on the move,

6
00:00:20,960 --> 00:00:23,640
Speaker 1: Bloomberg News Senior reporter and deputy team leader for US

7
00:00:23,680 --> 00:00:27,040
Speaker 1: Equity's just meant and here with us in a market

8
00:00:27,080 --> 00:00:29,760
Speaker 1: wheather feels like let's running out of a little bit

9
00:00:29,800 --> 00:00:32,520
Speaker 1: of steam. We do have some that have really outperformed today.

10
00:00:32,600 --> 00:00:34,280
Speaker 3: Yes, so we're going to point out to the best

11
00:00:34,280 --> 00:00:36,800
Speaker 3: performer in the S and P five hundred, so JB Hunt.

12
00:00:36,840 --> 00:00:40,599
Speaker 3: The ticker is JBHT. So this is important because not

13
00:00:40,640 --> 00:00:42,879
Speaker 3: only is it a trucking and logistics company, but it's

14
00:00:42,880 --> 00:00:45,239
Speaker 3: a bellweather for the US free market. So it's up

15
00:00:45,600 --> 00:00:49,000
Speaker 3: almost twenty two percent so on presports, best day since

16
00:00:49,080 --> 00:00:53,280
Speaker 3: January of nineteen ninety eight. So that's some big size

17
00:00:53,280 --> 00:00:55,959
Speaker 3: and scope there. So it's its biggest ninety eight rope.

18
00:00:56,080 --> 00:01:00,240
Speaker 1: Yes, no years ago, that's a long time I was.

19
00:01:00,240 --> 00:01:03,760
Speaker 3: Alive then, believe it. I don't trying to ask me

20
00:01:03,800 --> 00:01:04,319
Speaker 3: that question.

21
00:01:04,640 --> 00:01:07,200
Speaker 1: Just barely posting.

22
00:01:06,880 --> 00:01:14,120
Speaker 3: Together record out probably almost really yeah, a big surprise

23
00:01:14,160 --> 00:01:20,400
Speaker 3: suppress a kid I really put in context though, So

24
00:01:20,560 --> 00:01:23,760
Speaker 3: this stuff, even though really big size and scope, there's

25
00:01:23,800 --> 00:01:27,320
Speaker 3: still down nineteen percent your day through yesterday's close, So

26
00:01:27,319 --> 00:01:29,039
Speaker 3: if you look at today's gains, that still puts it

27
00:01:29,080 --> 00:01:32,440
Speaker 3: down just roughly close to about two percent for this year.

28
00:01:32,560 --> 00:01:35,880
Speaker 3: So really on the back of better than expected quarterly results.

29
00:01:35,920 --> 00:01:39,360
Speaker 3: Also some cost controls there that are boosting that, so

30
00:01:39,400 --> 00:01:40,319
Speaker 3: that's important too.

31
00:01:40,400 --> 00:01:42,480
Speaker 1: And if you look at excess capacity, they've been really

32
00:01:42,480 --> 00:01:43,920
Speaker 1: working off over the last couple of years.

33
00:01:43,920 --> 00:01:45,639
Speaker 3: And the big thing is and to your point, Carol,

34
00:01:45,680 --> 00:01:48,640
Speaker 3: back in January, they had actually warned that this could

35
00:01:48,640 --> 00:01:51,440
Speaker 3: be another year where they lose as far as what

36
00:01:51,600 --> 00:01:54,640
Speaker 3: happened with cargo, and basically it actually broke with this

37
00:01:54,800 --> 00:01:57,040
Speaker 3: tradition of giving that forward guidance at the beginning of

38
00:01:57,080 --> 00:01:59,640
Speaker 3: the year, so saying that analysts need to bring down

39
00:01:59,680 --> 00:02:01,520
Speaker 3: some of the earnings estimates. But the fact that you

40
00:02:01,520 --> 00:02:04,520
Speaker 3: have a bell weather like this a few quarters later

41
00:02:04,680 --> 00:02:07,400
Speaker 3: coming in better than expected, that's helpful for the market.

42
00:02:07,400 --> 00:02:09,000
Speaker 3: So if you look over at some of its peers,

43
00:02:09,160 --> 00:02:12,959
Speaker 3: whether it's Schneid or National Warner Enterprises, night Swift or

44
00:02:13,000 --> 00:02:15,480
Speaker 3: seeing all those stocks taking a boost here today.

45
00:02:15,320 --> 00:02:17,399
Speaker 1: Nineteen nine day, I was not quite yet a Bloomberg,

46
00:02:17,440 --> 00:02:19,639
Speaker 1: but I was almost at Bloomberg.

47
00:02:19,960 --> 00:02:25,160
Speaker 3: Middle school, middle school. Love you, David. All right, where

48
00:02:25,160 --> 00:02:26,800
Speaker 3: do we go next? So I'm going to look on

49
00:02:26,800 --> 00:02:29,239
Speaker 3: the other side of things here with the MV function

50
00:02:29,280 --> 00:02:32,720
Speaker 3: and the terminal and so looking at HPE here, So

51
00:02:32,800 --> 00:02:36,000
Speaker 3: Hewlett Packard Enterprises, the ticker is HPE. If you look

52
00:02:36,040 --> 00:02:39,560
Speaker 3: at this stock and how it's moving today, down almost

53
00:02:39,560 --> 00:02:42,560
Speaker 3: ten percent so on pacepert, its worst day since April third.

54
00:02:42,919 --> 00:02:44,840
Speaker 3: So of course this is one of the largest makers

55
00:02:44,880 --> 00:02:48,240
Speaker 3: of computer equipment. So looking at this unfortunately it's annual

56
00:02:48,360 --> 00:02:51,400
Speaker 3: profit forecasts miss estimates. It's having an issue with some

57
00:02:51,440 --> 00:02:54,239
Speaker 3: of that margin crunch. Also, the stock had gained about

58
00:02:54,280 --> 00:02:58,040
Speaker 3: seventeen percent your date through yesterday's close, so still when

59
00:02:58,040 --> 00:03:00,280
Speaker 3: you're comparing that to some of its peers US better

60
00:03:00,320 --> 00:03:02,680
Speaker 3: than expected. But also if you're looking at the industry

61
00:03:02,760 --> 00:03:06,920
Speaker 3: group where it houses a lot of those technology hardware

62
00:03:07,280 --> 00:03:09,279
Speaker 3: in storage companies Martin.

63
00:03:09,040 --> 00:03:12,120
Speaker 1: Crunch and with the AI spend even.

64
00:03:11,840 --> 00:03:14,880
Speaker 3: Despite some of that, So it is interesting because unfortunately

65
00:03:14,960 --> 00:03:18,080
Speaker 3: it's underwhelding guidance for the fiscal year that is about

66
00:03:18,080 --> 00:03:21,320
Speaker 3: basically the end of next October, so it's adjusted orn

67
00:03:21,360 --> 00:03:23,200
Speaker 3: it's per share. It was expecting it to come in

68
00:03:23,240 --> 00:03:25,720
Speaker 3: between about two dollars and twenty cents and two forty

69
00:03:25,760 --> 00:03:28,519
Speaker 3: so the analysts consensus estimate was closer towards the high

70
00:03:28,560 --> 00:03:30,840
Speaker 3: end of that range, but its revenue growth range was

71
00:03:30,880 --> 00:03:34,240
Speaker 3: between five and ten percent, so analysts had actually antiparticipated

72
00:03:34,280 --> 00:03:36,680
Speaker 3: more than that of closer to seventeen percent. So that's

73
00:03:36,680 --> 00:03:38,880
Speaker 3: why you're seeing some of those shares pressure there. But

74
00:03:38,880 --> 00:03:40,880
Speaker 3: if you're looking at some of its industry peers and

75
00:03:40,920 --> 00:03:43,320
Speaker 3: how they're performing in the sub industry group in the

76
00:03:43,360 --> 00:03:45,520
Speaker 3: S and P five hundred, that groups down about one percent, right.

77
00:03:45,440 --> 00:03:47,640
Speaker 2: Yeah, still going through some growing pains with that merger

78
00:03:47,640 --> 00:03:50,160
Speaker 2: with Juniper Networks as well, I think figuring out how

79
00:03:50,200 --> 00:03:52,040
Speaker 2: to align both those companies together.

80
00:03:52,240 --> 00:03:55,000
Speaker 3: And then of course also one of the worst performers

81
00:03:55,000 --> 00:03:57,600
Speaker 3: though in the S and P five hundred is five inc.

82
00:03:57,800 --> 00:04:00,520
Speaker 3: FFIV is the ticker on. I was just going to

83
00:04:00,640 --> 00:04:04,160
Speaker 3: quickly point that out just because that's down eleven percent today.

84
00:04:04,200 --> 00:04:07,320
Speaker 3: So if you look over the last two days, especially

85
00:04:07,360 --> 00:04:09,600
Speaker 3: on the back of what it was talking about where

86
00:04:09,600 --> 00:04:13,760
Speaker 3: it did warn about the scatch trophic hacks yesterday. Actually

87
00:04:13,760 --> 00:04:16,000
Speaker 3: that stocks down close to fifteen percent over the last

88
00:04:16,000 --> 00:04:18,000
Speaker 3: two trading sessions, so that would be its worst two

89
00:04:18,040 --> 00:04:21,120
Speaker 3: day span since April of twenty twenty two. So that

90
00:04:21,200 --> 00:04:23,480
Speaker 3: was just some quickly size and scope for another underperformer here.

91
00:04:23,480 --> 00:04:24,440
Speaker 1: It's become an ugly chart.

92
00:04:24,520 --> 00:04:28,680
Speaker 3: Yes it is Micron, Yes, Micron, So I wanted to

93
00:04:28,680 --> 00:04:31,520
Speaker 3: look at some other potential bright spots though even though

94
00:04:31,520 --> 00:04:34,200
Speaker 3: I got through some of the underperformers here. So Micron

95
00:04:34,480 --> 00:04:38,080
Speaker 3: Technology MU is the ticker up about five percent on

96
00:04:38,120 --> 00:04:40,120
Speaker 3: pace for it's best day since not that long ago

97
00:04:40,160 --> 00:04:42,839
Speaker 3: October thirteenth. If you're looking at that though in the

98
00:04:42,920 --> 00:04:45,039
Speaker 3: Nasdaq one hundred and the movie function, that is the

99
00:04:45,040 --> 00:04:48,520
Speaker 3: best performer in that index, and so UBS actually raised

100
00:04:48,520 --> 00:04:50,440
Speaker 3: its price target. So it's said that Micron will get

101
00:04:50,440 --> 00:04:52,800
Speaker 3: a boost from its memory chip storage. Of course that's

102
00:04:52,839 --> 00:04:55,760
Speaker 3: really important when you're thinking about chip makers, obviously is

103
00:04:55,800 --> 00:04:57,600
Speaker 3: on the memory side. It's a little bit different than

104
00:04:57,800 --> 00:05:00,440
Speaker 3: what obviously in Video is doing. But this stock actually

105
00:05:00,839 --> 00:05:03,680
Speaker 3: had already surged actually around one hundred and forty percent

106
00:05:03,800 --> 00:05:05,839
Speaker 3: this year, so it was well over one hundred percent

107
00:05:05,880 --> 00:05:08,720
Speaker 3: gains year to date even before this upgrade came out,

108
00:05:08,760 --> 00:05:11,000
Speaker 3: and so then you have City Research Channel. As Christopher Danley,

109
00:05:11,000 --> 00:05:14,560
Speaker 3: he actually still sees more gains in site despite what

110
00:05:14,600 --> 00:05:17,680
Speaker 3: the stock has done, so not surprisingly on high AI demand.

111
00:05:17,720 --> 00:05:20,440
Speaker 3: So you're still seeing some bullish targets there. And then

112
00:05:20,480 --> 00:05:22,360
Speaker 3: the Socks though not really doing a whole lot, even

113
00:05:22,400 --> 00:05:25,000
Speaker 3: though it houses some other tickers like Nvidia in there

114
00:05:25,040 --> 00:05:28,440
Speaker 3: and Intel, but still nonetheless you're seeing a Micron Technology.

115
00:05:27,960 --> 00:05:30,960
Speaker 1: Socks is up almost to day, I mean.

116
00:05:32,839 --> 00:05:35,000
Speaker 3: Over the socks in those names.

117
00:05:35,640 --> 00:05:37,919
Speaker 1: Jess, thanks so much, Bloomberg News Senior reporter and deputy

118
00:05:37,960 --> 00:05:40,600
Speaker 1: team leader for you Secrate's Jess Mattin right here.

119
00:05:40,240 --> 00:05:45,880
Speaker 2: In studio the Stock Mover's Report from Bloomberg Radio. Check

120
00:05:45,920 --> 00:05:48,279
Speaker 2: back with us throughout the day for the latest roundup

121
00:05:48,279 --> 00:05:51,240
Speaker 2: of companies making news on Wall Street and for the

122
00:05:51,320 --> 00:05:55,760
Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch

123
00:05:55,839 --> 00:05:59,280
Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and

124
00:05:59,279 --> 00:06:01,680
Speaker 2: Android Auto with the Bloomberg Business app.

125
00:06:06,320 --> 00:06:06,360
Speaker 3: H