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 00:00:16,520 --> 00:00:18,439 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,520 --> 00:00:21,840 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a 6 00:00:21,920 --> 00:00:24,480 Speaker 3: morning where a lot of stocks in the tech space 7 00:00:24,520 --> 00:00:26,680 Speaker 3: are moving, which is kind of interesting given that a 8 00:00:26,760 --> 00:00:29,680 Speaker 3: lot of tech CEOs are going to be in Washington today. 9 00:00:29,760 --> 00:00:32,680 Speaker 1: Valerie, good morning, Good morning, Nathan. Yeah, that's right. Let's 10 00:00:32,680 --> 00:00:35,440 Speaker 1: start with Meta up one point six percent in pre 11 00:00:35,560 --> 00:00:37,880 Speaker 1: market trade. Not a lot of new news here, which 12 00:00:37,920 --> 00:00:40,240 Speaker 1: is kind of shocking to see the shock that stock 13 00:00:40,360 --> 00:00:43,479 Speaker 1: jump by such magnitude. But we do know that metas 14 00:00:43,640 --> 00:00:48,280 Speaker 1: Mark Zuckerberg, Apples, Tim Cook, and Microsoft's Satyaanadella will be 15 00:00:48,400 --> 00:00:51,320 Speaker 1: meeting with the President later today. Maybe that's the reason 16 00:00:51,440 --> 00:00:53,920 Speaker 1: for the enthusiasm around the stock. We saw what happened 17 00:00:53,920 --> 00:00:56,760 Speaker 1: to Intel when the CEO had a successful meeting with 18 00:00:56,840 --> 00:00:59,800 Speaker 1: the president. But they will be attending an AI event 19 00:01:00,000 --> 00:01:02,720 Speaker 1: hosted by the First Lady and then joined President Trump 20 00:01:02,720 --> 00:01:05,839 Speaker 1: for an evening reception in the newly renovated Rose garden. 21 00:01:06,240 --> 00:01:08,960 Speaker 3: Okay, So we'll be keeping an eye on that, I imagine 22 00:01:08,840 --> 00:01:11,920 Speaker 3: later on this evening. In the meantime, let's keep an 23 00:01:11,920 --> 00:01:14,200 Speaker 3: eye on what's happening in the tech space as well. 24 00:01:14,200 --> 00:01:16,880 Speaker 3: When it comes to earnings. A lot of movement there 25 00:01:17,000 --> 00:01:18,920 Speaker 3: for Salesforce to start. 26 00:01:19,280 --> 00:01:22,360 Speaker 1: Yeah, for Salesforce, the stock is down nearly seven percent 27 00:01:22,440 --> 00:01:25,440 Speaker 1: in pre market trade, failing to impress and giving an 28 00:01:25,520 --> 00:01:29,040 Speaker 1: underwhelming outlook when it comes to sales growth or AI 29 00:01:29,120 --> 00:01:32,880 Speaker 1: products it's invested in aren't paying off as quickly as 30 00:01:32,920 --> 00:01:36,399 Speaker 1: investors had hoped, and generally it's making us a bit 31 00:01:36,440 --> 00:01:40,560 Speaker 1: concern that these incumbent software makers like Salesforce could be 32 00:01:40,640 --> 00:01:44,360 Speaker 1: outshine and beaten to the punch by newly AI vendors. 33 00:01:44,360 --> 00:01:46,440 Speaker 1: So Salesforce is in the red after their earnings down 34 00:01:46,480 --> 00:01:49,600 Speaker 1: six point eight percent. We also heard from Hewlett Packard 35 00:01:49,720 --> 00:01:52,440 Speaker 1: Enterprises more of a positive story here. The stock is 36 00:01:52,480 --> 00:01:56,240 Speaker 1: up two and a half percent. They beat on most metrics, 37 00:01:56,240 --> 00:01:59,800 Speaker 1: and most importantly the CEO who did warn that profits 38 00:02:00,120 --> 00:02:03,559 Speaker 1: margins were slimmed in the previous quarter. In the next quarter, 39 00:02:03,880 --> 00:02:07,000 Speaker 1: they expect them to be boosted back to what they 40 00:02:07,040 --> 00:02:09,760 Speaker 1: say is their normal run rate of ten percent. So 41 00:02:09,800 --> 00:02:13,520 Speaker 1: weathering a storm on their profit margins pretty decently. When 42 00:02:13,520 --> 00:02:16,400 Speaker 1: it comes to the next era of AI driven demand, 43 00:02:16,480 --> 00:02:19,720 Speaker 1: analysts also expect a rebound and free cash flow now 44 00:02:19,720 --> 00:02:22,720 Speaker 1: that the acquisition of Jupiter Networks has been completed for 45 00:02:22,800 --> 00:02:23,480 Speaker 1: Hewlett Packard. 46 00:02:23,680 --> 00:02:26,680 Speaker 3: Well, speaking of rebounds, let's take a look at American Eagle. 47 00:02:26,760 --> 00:02:28,960 Speaker 3: I mean, this stock has been under a lot of 48 00:02:29,000 --> 00:02:31,959 Speaker 3: attention even before the earnings that just came. 49 00:02:31,840 --> 00:02:35,079 Speaker 1: Out, flying off the shelves, just like their Sydney Sweeney 50 00:02:35,160 --> 00:02:39,000 Speaker 1: Jean's American Eagle of twenty five and a half percent 51 00:02:39,120 --> 00:02:41,920 Speaker 1: in pre market strong sales on the back of their 52 00:02:42,000 --> 00:02:45,400 Speaker 1: successful ad campaign with Sidney Sweeney. Listen to this. Nathan, 53 00:02:45,440 --> 00:02:49,320 Speaker 1: their chief marketing officer, said that they gained a customer 54 00:02:49,480 --> 00:02:53,200 Speaker 1: in every single county in the US off the back 55 00:02:53,280 --> 00:02:57,079 Speaker 1: of this ad campaign, and the success might not end there. 56 00:02:57,200 --> 00:03:00,360 Speaker 1: They've now recently partnered with NFL footballer and most iportantly, 57 00:03:00,400 --> 00:03:04,120 Speaker 1: Taylor Swift's new fiance, Travis Kelcey with his brand as well. 58 00:03:04,160 --> 00:03:06,760 Speaker 1: So American Eagle really outshining when it comes to their 59 00:03:06,800 --> 00:03:08,960 Speaker 1: shales figures up twenty five percent in pre. 60 00:03:08,919 --> 00:03:12,200 Speaker 3: Marketing and the Travis kelce deal, there was that as well. 61 00:03:12,520 --> 00:03:15,200 Speaker 3: Let's close out with Figma because this stock is tanking 62 00:03:15,240 --> 00:03:15,720 Speaker 3: this morning. 63 00:03:15,720 --> 00:03:19,160 Speaker 1: Now, yeah, just quickly, Figma down fourteen percent. It's their 64 00:03:19,200 --> 00:03:22,359 Speaker 1: first set of earnings since this software design company went 65 00:03:22,440 --> 00:03:26,320 Speaker 1: public in late July. It has doubled since its IPO, Nathan, 66 00:03:26,440 --> 00:03:28,600 Speaker 1: but it gave an inline forecast, and this is the 67 00:03:28,600 --> 00:03:32,320 Speaker 1: beating it's getting punished for, down fourteen percent for an 68 00:03:32,360 --> 00:03:36,320 Speaker 1: inline reading on its earnings. That's Pigma down fourteen percent. 69 00:03:37,480 --> 00:03:41,520 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 70 00:03:41,600 --> 00:03:44,160 Speaker 2: us throughout the day for the latest roundup of companies 71 00:03:44,240 --> 00:03:47,360 Speaker 2: making news on Wall Street and for the latest market 72 00:03:47,360 --> 00:03:51,840 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:03:51,920 --> 00:03:55,440 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:03:55,520 --> 00:03:57,000 Speaker 2: the Bloomberg Business app.