WEBVTT - JB Hunt Soars, Hewlett Packard Falls, F5 Sinks on Breach by Chinese Hackers

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I am Carol Messer along my data girl. Let's get

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<v Speaker 1>a check on some of the stocks on the move,

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<v Speaker 1>Bloomberg News Senior reporter and deputy team leader for US

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<v Speaker 1>Equity's just meant and here with us in a market

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<v Speaker 1>wheather feels like let's running out of a little bit

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<v Speaker 1>of steam. We do have some that have really outperformed today.

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<v Speaker 3>Yes, so we're going to point out to the best

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<v Speaker 3>performer in the S and P five hundred, so JB Hunt.

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<v Speaker 3>The ticker is JBHT. So this is important because not

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<v Speaker 3>only is it a trucking and logistics company, but it's

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<v Speaker 3>a bellweather for the US free market. So it's up

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<v Speaker 3>almost twenty two percent so on presports, best day since

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<v Speaker 3>January of nineteen ninety eight. So that's some big size

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<v Speaker 3>and scope there. So it's its biggest ninety eight rope.

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<v Speaker 1>Yes, no years ago, that's a long time I was.

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<v Speaker 3>Alive then, believe it. I don't trying to ask me

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<v Speaker 3>that question.

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<v Speaker 1>Just barely posting.

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<v Speaker 3>Together record out probably almost really yeah, a big surprise

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<v Speaker 3>suppress a kid I really put in context though, So

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<v Speaker 3>this stuff, even though really big size and scope, there's

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<v Speaker 3>still down nineteen percent your day through yesterday's close, So

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<v Speaker 3>if you look at today's gains, that still puts it

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<v Speaker 3>down just roughly close to about two percent for this year.

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<v Speaker 3>So really on the back of better than expected quarterly results.

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<v Speaker 3>Also some cost controls there that are boosting that, so

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<v Speaker 3>that's important too.

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<v Speaker 1>And if you look at excess capacity, they've been really

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<v Speaker 1>working off over the last couple of years.

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<v Speaker 3>And the big thing is and to your point, Carol,

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<v Speaker 3>back in January, they had actually warned that this could

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<v Speaker 3>be another year where they lose as far as what

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<v Speaker 3>happened with cargo, and basically it actually broke with this

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<v Speaker 3>tradition of giving that forward guidance at the beginning of

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<v Speaker 3>the year, so saying that analysts need to bring down

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<v Speaker 3>some of the earnings estimates. But the fact that you

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<v Speaker 3>have a bell weather like this a few quarters later

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<v Speaker 3>coming in better than expected, that's helpful for the market.

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<v Speaker 3>So if you look over at some of its peers,

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<v Speaker 3>whether it's Schneid or National Warner Enterprises, night Swift or

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<v Speaker 3>seeing all those stocks taking a boost here today.

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<v Speaker 1>Nineteen nine day, I was not quite yet a Bloomberg,

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<v Speaker 1>but I was almost at Bloomberg.

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<v Speaker 3>Middle school, middle school. Love you, David. All right, where

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<v Speaker 3>do we go next? So I'm going to look on

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<v Speaker 3>the other side of things here with the MV function

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<v Speaker 3>and the terminal and so looking at HPE here, So

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<v Speaker 3>Hewlett Packard Enterprises, the ticker is HPE. If you look

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<v Speaker 3>at this stock and how it's moving today, down almost

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<v Speaker 3>ten percent so on pacepert, its worst day since April third.

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<v Speaker 3>So of course this is one of the largest makers

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<v Speaker 3>of computer equipment. So looking at this unfortunately it's annual

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<v Speaker 3>profit forecasts miss estimates. It's having an issue with some

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<v Speaker 3>of that margin crunch. Also, the stock had gained about

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<v Speaker 3>seventeen percent your date through yesterday's close, so still when

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<v Speaker 3>you're comparing that to some of its peers US better

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<v Speaker 3>than expected. But also if you're looking at the industry

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<v Speaker 3>group where it houses a lot of those technology hardware

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<v Speaker 3>in storage companies Martin.

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<v Speaker 1>Crunch and with the AI spend even.

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<v Speaker 3>Despite some of that, So it is interesting because unfortunately

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<v Speaker 3>it's underwhelding guidance for the fiscal year that is about

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<v Speaker 3>basically the end of next October, so it's adjusted orn

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<v Speaker 3>it's per share. It was expecting it to come in

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<v Speaker 3>between about two dollars and twenty cents and two forty

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<v Speaker 3>so the analysts consensus estimate was closer towards the high

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<v Speaker 3>end of that range, but its revenue growth range was

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<v Speaker 3>between five and ten percent, so analysts had actually antiparticipated

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<v Speaker 3>more than that of closer to seventeen percent. So that's

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<v Speaker 3>why you're seeing some of those shares pressure there. But

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<v Speaker 3>if you're looking at some of its industry peers and

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<v Speaker 3>how they're performing in the sub industry group in the

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<v Speaker 3>S and P five hundred, that groups down about one percent, right.

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<v Speaker 2>Yeah, still going through some growing pains with that merger

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<v Speaker 2>with Juniper Networks as well, I think figuring out how

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<v Speaker 2>to align both those companies together.

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<v Speaker 3>And then of course also one of the worst performers

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<v Speaker 3>though in the S and P five hundred is five inc.

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<v Speaker 3>FFIV is the ticker on. I was just going to

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<v Speaker 3>quickly point that out just because that's down eleven percent today.

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<v Speaker 3>So if you look over the last two days, especially

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<v Speaker 3>on the back of what it was talking about where

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<v Speaker 3>it did warn about the scatch trophic hacks yesterday. Actually

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<v Speaker 3>that stocks down close to fifteen percent over the last

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<v Speaker 3>two trading sessions, so that would be its worst two

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<v Speaker 3>day span since April of twenty twenty two. So that

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<v Speaker 3>was just some quickly size and scope for another underperformer here.

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<v Speaker 1>It's become an ugly chart.

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<v Speaker 3>Yes it is Micron, Yes, Micron, So I wanted to

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<v Speaker 3>look at some other potential bright spots though even though

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<v Speaker 3>I got through some of the underperformers here. So Micron

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<v Speaker 3>Technology MU is the ticker up about five percent on

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<v Speaker 3>pace for it's best day since not that long ago

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<v Speaker 3>October thirteenth. If you're looking at that though in the

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<v Speaker 3>Nasdaq one hundred and the movie function, that is the

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<v Speaker 3>best performer in that index, and so UBS actually raised

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<v Speaker 3>its price target. So it's said that Micron will get

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<v Speaker 3>a boost from its memory chip storage. Of course that's

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<v Speaker 3>really important when you're thinking about chip makers, obviously is

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<v Speaker 3>on the memory side. It's a little bit different than

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<v Speaker 3>what obviously in Video is doing. But this stock actually

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<v Speaker 3>had already surged actually around one hundred and forty percent

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<v Speaker 3>this year, so it was well over one hundred percent

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<v Speaker 3>gains year to date even before this upgrade came out,

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<v Speaker 3>and so then you have City Research Channel. As Christopher Danley,

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<v Speaker 3>he actually still sees more gains in site despite what

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<v Speaker 3>the stock has done, so not surprisingly on high AI demand.

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<v Speaker 3>So you're still seeing some bullish targets there. And then

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<v Speaker 3>the Socks though not really doing a whole lot, even

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<v Speaker 3>though it houses some other tickers like Nvidia in there

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<v Speaker 3>and Intel, but still nonetheless you're seeing a Micron Technology.

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<v Speaker 1>Socks is up almost to day, I mean.

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<v Speaker 3>Over the socks in those names.

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<v Speaker 1>Jess, thanks so much, Bloomberg News Senior reporter and deputy

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<v Speaker 1>team leader for you Secrate's Jess Mattin right here.

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<v Speaker 2>In studio the Stock Mover's Report from Bloomberg Radio. Check

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<v Speaker 2>back with us throughout the day for the latest roundup

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<v Speaker 2>of companies making news on Wall Street and for the

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<v Speaker 3>H