Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I am Carol Messer along my data girl. Let's get
Speaker 1: a check on some of the stocks on the move,
Speaker 1: Bloomberg News Senior reporter and deputy team leader for US
Speaker 1: Equity's just meant and here with us in a market
Speaker 1: wheather feels like let's running out of a little bit
Speaker 1: of steam. We do have some that have really outperformed today.
Speaker 3: Yes, so we're going to point out to the best
Speaker 3: performer in the S and P five hundred, so JB Hunt.
Speaker 3: The ticker is JBHT. So this is important because not
Speaker 3: only is it a trucking and logistics company, but it's
Speaker 3: a bellweather for the US free market. So it's up
Speaker 3: almost twenty two percent so on presports, best day since
Speaker 3: January of nineteen ninety eight. So that's some big size
Speaker 3: and scope there. So it's its biggest ninety eight rope.
Speaker 1: Yes, no years ago, that's a long time I was.
Speaker 3: Alive then, believe it. I don't trying to ask me
Speaker 3: that question.
Speaker 1: Just barely posting.
Speaker 3: Together record out probably almost really yeah, a big surprise
Speaker 3: suppress a kid I really put in context though, So
Speaker 3: this stuff, even though really big size and scope, there's
Speaker 3: still down nineteen percent your day through yesterday's close, So
Speaker 3: if you look at today's gains, that still puts it
Speaker 3: down just roughly close to about two percent for this year.
Speaker 3: So really on the back of better than expected quarterly results.
Speaker 3: Also some cost controls there that are boosting that, so
Speaker 3: that's important too.
Speaker 1: And if you look at excess capacity, they've been really
Speaker 1: working off over the last couple of years.
Speaker 3: And the big thing is and to your point, Carol,
Speaker 3: back in January, they had actually warned that this could
Speaker 3: be another year where they lose as far as what
Speaker 3: happened with cargo, and basically it actually broke with this
Speaker 3: tradition of giving that forward guidance at the beginning of
Speaker 3: the year, so saying that analysts need to bring down
Speaker 3: some of the earnings estimates. But the fact that you
Speaker 3: have a bell weather like this a few quarters later
Speaker 3: coming in better than expected, that's helpful for the market.
Speaker 3: So if you look over at some of its peers,
Speaker 3: whether it's Schneid or National Warner Enterprises, night Swift or
Speaker 3: seeing all those stocks taking a boost here today.
Speaker 1: Nineteen nine day, I was not quite yet a Bloomberg,
Speaker 1: but I was almost at Bloomberg.
Speaker 3: Middle school, middle school. Love you, David. All right, where
Speaker 3: do we go next? So I'm going to look on
Speaker 3: the other side of things here with the MV function
Speaker 3: and the terminal and so looking at HPE here, So
Speaker 3: Hewlett Packard Enterprises, the ticker is HPE. If you look
Speaker 3: at this stock and how it's moving today, down almost
Speaker 3: ten percent so on pacepert, its worst day since April third.
Speaker 3: So of course this is one of the largest makers
Speaker 3: of computer equipment. So looking at this unfortunately it's annual
Speaker 3: profit forecasts miss estimates. It's having an issue with some
Speaker 3: of that margin crunch. Also, the stock had gained about
Speaker 3: seventeen percent your date through yesterday's close, so still when
Speaker 3: you're comparing that to some of its peers US better
Speaker 3: than expected. But also if you're looking at the industry
Speaker 3: group where it houses a lot of those technology hardware
Speaker 3: in storage companies Martin.
Speaker 1: Crunch and with the AI spend even.
Speaker 3: Despite some of that, So it is interesting because unfortunately
Speaker 3: it's underwhelding guidance for the fiscal year that is about
Speaker 3: basically the end of next October, so it's adjusted orn
Speaker 3: it's per share. It was expecting it to come in
Speaker 3: between about two dollars and twenty cents and two forty
Speaker 3: so the analysts consensus estimate was closer towards the high
Speaker 3: end of that range, but its revenue growth range was
Speaker 3: between five and ten percent, so analysts had actually antiparticipated
Speaker 3: more than that of closer to seventeen percent. So that's
Speaker 3: why you're seeing some of those shares pressure there. But
Speaker 3: if you're looking at some of its industry peers and
Speaker 3: how they're performing in the sub industry group in the
Speaker 3: S and P five hundred, that groups down about one percent, right.
Speaker 2: Yeah, still going through some growing pains with that merger
Speaker 2: with Juniper Networks as well, I think figuring out how
Speaker 2: to align both those companies together.
Speaker 3: And then of course also one of the worst performers
Speaker 3: though in the S and P five hundred is five inc.
Speaker 3: FFIV is the ticker on. I was just going to
Speaker 3: quickly point that out just because that's down eleven percent today.
Speaker 3: So if you look over the last two days, especially
Speaker 3: on the back of what it was talking about where
Speaker 3: it did warn about the scatch trophic hacks yesterday. Actually
Speaker 3: that stocks down close to fifteen percent over the last
Speaker 3: two trading sessions, so that would be its worst two
Speaker 3: day span since April of twenty twenty two. So that
Speaker 3: was just some quickly size and scope for another underperformer here.
Speaker 1: It's become an ugly chart.
Speaker 3: Yes it is Micron, Yes, Micron, So I wanted to
Speaker 3: look at some other potential bright spots though even though
Speaker 3: I got through some of the underperformers here. So Micron
Speaker 3: Technology MU is the ticker up about five percent on
Speaker 3: pace for it's best day since not that long ago
Speaker 3: October thirteenth. If you're looking at that though in the
Speaker 3: Nasdaq one hundred and the movie function, that is the
Speaker 3: best performer in that index, and so UBS actually raised
Speaker 3: its price target. So it's said that Micron will get
Speaker 3: a boost from its memory chip storage. Of course that's
Speaker 3: really important when you're thinking about chip makers, obviously is
Speaker 3: on the memory side. It's a little bit different than
Speaker 3: what obviously in Video is doing. But this stock actually
Speaker 3: had already surged actually around one hundred and forty percent
Speaker 3: this year, so it was well over one hundred percent
Speaker 3: gains year to date even before this upgrade came out,
Speaker 3: and so then you have City Research Channel. As Christopher Danley,
Speaker 3: he actually still sees more gains in site despite what
Speaker 3: the stock has done, so not surprisingly on high AI demand.
Speaker 3: So you're still seeing some bullish targets there. And then
Speaker 3: the Socks though not really doing a whole lot, even
Speaker 3: though it houses some other tickers like Nvidia in there
Speaker 3: and Intel, but still nonetheless you're seeing a Micron Technology.
Speaker 1: Socks is up almost to day, I mean.
Speaker 3: Over the socks in those names.
Speaker 1: Jess, thanks so much, Bloomberg News Senior reporter and deputy
Speaker 1: team leader for you Secrate's Jess Mattin right here.
Speaker 2: In studio the Stock Mover's Report from Bloomberg Radio. Check
Speaker 2: back with us throughout the day for the latest roundup
Speaker 2: of companies making news on Wall Street and for the
Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch
Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and
Speaker 2: Android Auto with the Bloomberg Business app.
Speaker 3: H