WEBVTT - Salesforce Sales Concerns; HPE Tariffs; American Eagle Soars

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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 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel on a

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<v Speaker 3>morning where a lot of stocks in the tech space

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<v Speaker 3>are moving, which is kind of interesting given that a

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<v Speaker 3>lot of tech CEOs are going to be in Washington today.

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<v Speaker 1>Valerie, good morning, Good morning, Nathan. Yeah, that's right. Let's

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<v Speaker 1>start with Meta up one point six percent in pre

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<v Speaker 1>market trade. Not a lot of new news here, which

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<v Speaker 1>is kind of shocking to see the shock that stock

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<v Speaker 1>jump by such magnitude. But we do know that metas

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<v Speaker 1>Mark Zuckerberg, Apples, Tim Cook, and Microsoft's Satyaanadella will be

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<v Speaker 1>meeting with the President later today. Maybe that's the reason

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<v Speaker 1>for the enthusiasm around the stock. We saw what happened

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<v Speaker 1>to Intel when the CEO had a successful meeting with

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<v Speaker 1>the president. But they will be attending an AI event

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<v Speaker 1>hosted by the First Lady and then joined President Trump

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<v Speaker 1>for an evening reception in the newly renovated Rose garden.

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<v Speaker 3>Okay, So we'll be keeping an eye on that, I imagine

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<v Speaker 3>later on this evening. In the meantime, let's keep an

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<v Speaker 3>eye on what's happening in the tech space as well.

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<v Speaker 3>When it comes to earnings. A lot of movement there

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<v Speaker 3>for Salesforce to start.

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<v Speaker 1>Yeah, for Salesforce, the stock is down nearly seven percent

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<v Speaker 1>in pre market trade, failing to impress and giving an

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<v Speaker 1>underwhelming outlook when it comes to sales growth or AI

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<v Speaker 1>products it's invested in aren't paying off as quickly as

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<v Speaker 1>investors had hoped, and generally it's making us a bit

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<v Speaker 1>concern that these incumbent software makers like Salesforce could be

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<v Speaker 1>outshine and beaten to the punch by newly AI vendors.

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<v Speaker 1>So Salesforce is in the red after their earnings down

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<v Speaker 1>six point eight percent. We also heard from Hewlett Packard

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<v Speaker 1>Enterprises more of a positive story here. The stock is

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<v Speaker 1>up two and a half percent. They beat on most metrics,

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<v Speaker 1>and most importantly the CEO who did warn that profits

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<v Speaker 1>margins were slimmed in the previous quarter. In the next quarter,

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<v Speaker 1>they expect them to be boosted back to what they

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<v Speaker 1>say is their normal run rate of ten percent. So

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<v Speaker 1>weathering a storm on their profit margins pretty decently. When

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<v Speaker 1>it comes to the next era of AI driven demand,

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<v Speaker 1>analysts also expect a rebound and free cash flow now

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<v Speaker 1>that the acquisition of Jupiter Networks has been completed for

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<v Speaker 1>Hewlett Packard.

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<v Speaker 3>Well, speaking of rebounds, let's take a look at American Eagle.

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<v Speaker 3>I mean, this stock has been under a lot of

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<v Speaker 3>attention even before the earnings that just came.

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<v Speaker 1>Out, flying off the shelves, just like their Sydney Sweeney

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<v Speaker 1>Jean's American Eagle of twenty five and a half percent

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<v Speaker 1>in pre market strong sales on the back of their

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<v Speaker 1>successful ad campaign with Sidney Sweeney. Listen to this. Nathan,

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<v Speaker 1>their chief marketing officer, said that they gained a customer

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<v Speaker 1>in every single county in the US off the back

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<v Speaker 1>of this ad campaign, and the success might not end there.

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<v Speaker 1>They've now recently partnered with NFL footballer and most iportantly,

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<v Speaker 1>Taylor Swift's new fiance, Travis Kelcey with his brand as well.

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<v Speaker 1>So American Eagle really outshining when it comes to their

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<v Speaker 1>shales figures up twenty five percent in pre.

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<v Speaker 3>Marketing and the Travis kelce deal, there was that as well.

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<v Speaker 3>Let's close out with Figma because this stock is tanking

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<v Speaker 3>this morning.

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<v Speaker 1>Now, yeah, just quickly, Figma down fourteen percent. It's their

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<v Speaker 1>first set of earnings since this software design company went

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<v Speaker 1>public in late July. It has doubled since its IPO, Nathan,

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<v Speaker 1>but it gave an inline forecast, and this is the

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<v Speaker 1>beating it's getting punished for, down fourteen percent for an

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<v Speaker 1>inline reading on its earnings. That's Pigma down fourteen percent.

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<v Speaker 2>This stock movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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