Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some of the stocks on
Speaker 1: the move today. I'm Paulsuni alongside Alexis Christophers and Bloomberg's
Speaker 1: Lisa Matael Lisa, what are you got for s?
Speaker 3: All right? I want to start with FedEx. Take our FDx.
Speaker 3: Their shares have been up as much as five percent
Speaker 3: before the bell. They've kind of slipped back a bet
Speaker 3: a bit too, about one percent. So the big news
Speaker 3: is that they expect this one billion dollars hit from
Speaker 3: trade volatility President Trump Tariff's one thing, but also the
Speaker 3: loss of that key exemption for low value goods. Remember
Speaker 3: that demnimous.
Speaker 4: Rule to Minimus.
Speaker 3: Yes, yes, yes, okay, So a big part of the
Speaker 3: reduction to adjusted operating profit comes from lower shipments from
Speaker 3: China to the US. The CFO put it out there,
Speaker 3: he said about it three hundred million dollars due to
Speaker 3: the higher cost of clearing goods through customs. So that
Speaker 3: was the kind of netive side On the positive side, though,
Speaker 3: they did reinstate their profit and sales forecasts. They said
Speaker 3: revenue is going to grow by four to six percent
Speaker 3: in the current fiscal year. So despite trade pressure, the
Speaker 3: results were kind of enough to kind of boost those
Speaker 3: shares a bit higher. Like I said, they are starting
Speaker 3: to pair back up about one percent. But FedEx is
Speaker 3: just like seen as this predictor where the large economy
Speaker 3: is headed.
Speaker 4: That's what they're seen as a billweather for Shure Weather
Speaker 4: exactly exactly, just like Leonard Okay, for the housing market.
Speaker 3: L e N as the ticker, their shares have been
Speaker 3: down as much as three percent. So it's really the
Speaker 3: sign of a challenging market for home builders. That's what
Speaker 3: they showed. This was despite you had a recent drop
Speaker 3: in mortgaget rates too, so this is kind of showing you,
Speaker 3: you know, the forecast for quarterly home orders they missed
Speaker 3: those estimates. Affordability concerns, unsteady job market, they say, that's
Speaker 3: keeping buyers on the sidelines. Another thing they said builders
Speaker 3: are facing a lot of competition. Also something the supply
Speaker 3: of available resale homes they say have been growing, so
Speaker 3: don't want as many new homes because they have the
Speaker 3: resale ones and in some areas of the Sun Belt markets,
Speaker 3: that's where builders are really busy. The prices are starting
Speaker 3: to drop.
Speaker 1: So those have heard that in Texas. I've heard that
Speaker 1: in Florida. We had some folks. Somebody was in here,
Speaker 1: Daniel D. Martino booth from She's down in Dallas, Texas.
Speaker 1: She was saying, finally, finally, price it's starting to break
Speaker 1: the little bit. Prices are starting the fall.
Speaker 4: There places like Austin, right, which was red hot.
Speaker 1: Yep, yep. In South Florida somebody. Yeah, but we've seen that.
Speaker 1: I mean, that's just kind of the not boom and bus,
Speaker 1: but it's just kind of the syclicality of the real
Speaker 1: estate market.
Speaker 4: I guess it's normalizing. It's normalizing just a.
Speaker 2: Bit, all right.
Speaker 3: And we have to bring out the Intel because it
Speaker 3: was a big story yesterday, right Take her I INTC.
Speaker 3: Yesterday they had a twenty three percent rally word of
Speaker 3: n videos, you know, five billion dollar investment in the company.
Speaker 3: So basically the two companies going to co develop chips
Speaker 3: for PCs and data centers. But ahead of the bell,
Speaker 3: their shares have been lower down about half a percent,
Speaker 3: so the excitement may be starting to fade. You also
Speaker 3: had City Group. They downgraded the stock to sell from
Speaker 3: neutral and they pointed to a kind of their rich valuation.
Speaker 3: So it's kind of a big difference from yesterday to today.
Speaker 4: But you know what, guys at the government right made
Speaker 4: that nearly ten billion dollar investment in Intel last month,
Speaker 4: So based on yesterday's big stock rally, the government has
Speaker 4: made about four billion dollars at least on payper Not
Speaker 4: bad for a day's work, right, I'm too bad, And.
Speaker 3: It's kind of like showing how that's a different world
Speaker 3: out there. So Scholastic is the last one. It's taker
Speaker 3: schl and their shoes really taken a hit down about
Speaker 3: ten percent before the bell a wider loss last quarter.
Speaker 3: So this is what we were talking about schools delaying, pulling
Speaker 3: back on the purchases because they just don't know about
Speaker 3: federal and state funding. That's really been in the headlines lately.
Speaker 3: So you had their Education solutions revenue, it dropped about
Speaker 3: twenty eight percent. I didn't realize there were so many
Speaker 3: areas to Scholastic, Like you have the book publishing distribution.
Speaker 3: That revenue rose, book fairs revenue climbed, but you had
Speaker 3: book club's revenue that fell and their entertainment revenue which
Speaker 3: I didnt even think about that fell also because of
Speaker 3: production delays.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
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