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 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a
Speaker 3: morning where a lot of stocks in the tech space
Speaker 3: are moving, which is kind of interesting given that a
Speaker 3: lot of tech CEOs are going to be in Washington today.
Speaker 1: Valerie, good morning, Good morning, Nathan. Yeah, that's right. Let's
Speaker 1: start with Meta up one point six percent in pre
Speaker 1: market trade. Not a lot of new news here, which
Speaker 1: is kind of shocking to see the shock that stock
Speaker 1: jump by such magnitude. But we do know that metas
Speaker 1: Mark Zuckerberg, Apples, Tim Cook, and Microsoft's Satyaanadella will be
Speaker 1: meeting with the President later today. Maybe that's the reason
Speaker 1: for the enthusiasm around the stock. We saw what happened
Speaker 1: to Intel when the CEO had a successful meeting with
Speaker 1: the president. But they will be attending an AI event
Speaker 1: hosted by the First Lady and then joined President Trump
Speaker 1: for an evening reception in the newly renovated Rose garden.
Speaker 3: Okay, So we'll be keeping an eye on that, I imagine
Speaker 3: later on this evening. In the meantime, let's keep an
Speaker 3: eye on what's happening in the tech space as well.
Speaker 3: When it comes to earnings. A lot of movement there
Speaker 3: for Salesforce to start.
Speaker 1: Yeah, for Salesforce, the stock is down nearly seven percent
Speaker 1: in pre market trade, failing to impress and giving an
Speaker 1: underwhelming outlook when it comes to sales growth or AI
Speaker 1: products it's invested in aren't paying off as quickly as
Speaker 1: investors had hoped, and generally it's making us a bit
Speaker 1: concern that these incumbent software makers like Salesforce could be
Speaker 1: outshine and beaten to the punch by newly AI vendors.
Speaker 1: So Salesforce is in the red after their earnings down
Speaker 1: six point eight percent. We also heard from Hewlett Packard
Speaker 1: Enterprises more of a positive story here. The stock is
Speaker 1: up two and a half percent. They beat on most metrics,
Speaker 1: and most importantly the CEO who did warn that profits
Speaker 1: margins were slimmed in the previous quarter. In the next quarter,
Speaker 1: they expect them to be boosted back to what they
Speaker 1: say is their normal run rate of ten percent. So
Speaker 1: weathering a storm on their profit margins pretty decently. When
Speaker 1: it comes to the next era of AI driven demand,
Speaker 1: analysts also expect a rebound and free cash flow now
Speaker 1: that the acquisition of Jupiter Networks has been completed for
Speaker 1: Hewlett Packard.
Speaker 3: Well, speaking of rebounds, let's take a look at American Eagle.
Speaker 3: I mean, this stock has been under a lot of
Speaker 3: attention even before the earnings that just came.
Speaker 1: Out, flying off the shelves, just like their Sydney Sweeney
Speaker 1: Jean's American Eagle of twenty five and a half percent
Speaker 1: in pre market strong sales on the back of their
Speaker 1: successful ad campaign with Sidney Sweeney. Listen to this. Nathan,
Speaker 1: their chief marketing officer, said that they gained a customer
Speaker 1: in every single county in the US off the back
Speaker 1: of this ad campaign, and the success might not end there.
Speaker 1: They've now recently partnered with NFL footballer and most iportantly,
Speaker 1: Taylor Swift's new fiance, Travis Kelcey with his brand as well.
Speaker 1: So American Eagle really outshining when it comes to their
Speaker 1: shales figures up twenty five percent in pre.
Speaker 3: Marketing and the Travis kelce deal, there was that as well.
Speaker 3: Let's close out with Figma because this stock is tanking
Speaker 3: this morning.
Speaker 1: Now, yeah, just quickly, Figma down fourteen percent. It's their
Speaker 1: first set of earnings since this software design company went
Speaker 1: public in late July. It has doubled since its IPO, Nathan,
Speaker 1: but it gave an inline forecast, and this is the
Speaker 1: beating it's getting punished for, down fourteen percent for an
Speaker 1: inline reading on its earnings. That's Pigma down fourteen percent.
Speaker 2: This stock movers report from Bloomberg Radio. Check back with
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