1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,960 Speaker 1: I'm Tim Stenebeck along with Carol Master. Let's take a 5 00:00:18,960 --> 00:00:21,000 Speaker 1: look at some stocks on the move today. We're joined 6 00:00:21,040 --> 00:00:24,040 Speaker 1: by Bloomberg News earning specialist Rachel Qua. She joins us 7 00:00:24,560 --> 00:00:28,720 Speaker 1: here on this Monday afternoon. There were so many stocks. 8 00:00:28,920 --> 00:00:31,680 Speaker 3: I know, it's a month that there's a lot stories. 9 00:00:31,240 --> 00:00:33,520 Speaker 1: Today it was like an embarrassment of riches for anyone 10 00:00:33,560 --> 00:00:36,680 Speaker 1: who was looking for stories about individual movers. What did 11 00:00:36,680 --> 00:00:37,280 Speaker 1: you set along? 12 00:00:37,479 --> 00:00:40,120 Speaker 3: Yeah, so I think the biggest name today was Oracle, 13 00:00:40,479 --> 00:00:43,080 Speaker 3: Tika or r c L. You know, the show's kind 14 00:00:43,120 --> 00:00:46,319 Speaker 3: of went up today after one of Jana's, David from 15 00:00:46,680 --> 00:00:50,080 Speaker 3: DA Davidson, upgraded a stock to a buy. It says, 16 00:00:50,120 --> 00:00:51,919 Speaker 3: you know, it's kind of he's been talking a bit 17 00:00:51,920 --> 00:00:54,800 Speaker 3: about open AI. You know, you know, we know that 18 00:00:55,120 --> 00:00:58,040 Speaker 3: Oracle has been building data centers for them, and you 19 00:00:58,080 --> 00:01:00,440 Speaker 3: know that's been what were used about open AI, you know, 20 00:01:00,640 --> 00:01:04,520 Speaker 3: the competition between them and Traffic and Google, and so 21 00:01:05,000 --> 00:01:07,240 Speaker 3: they kind of see that like Opening I still has 22 00:01:07,360 --> 00:01:10,240 Speaker 3: kind of quite a runway to go, and it's planning 23 00:01:10,280 --> 00:01:12,720 Speaker 3: to raise more cash, and so you know, Oracle should 24 00:01:12,760 --> 00:01:15,800 Speaker 3: be okay. And they also feel that, you know, all 25 00:01:15,840 --> 00:01:19,360 Speaker 3: the worries about software products people not wanting them because 26 00:01:19,360 --> 00:01:21,520 Speaker 3: of AI. Uh, you know, people are not going to 27 00:01:21,880 --> 00:01:26,160 Speaker 3: just suddenly like be vibe coding. So you know, Oracle, 28 00:01:26,160 --> 00:01:28,480 Speaker 3: which also produces a lot of software, should still kind 29 00:01:28,480 --> 00:01:29,039 Speaker 3: of be okay. 30 00:01:29,360 --> 00:01:30,639 Speaker 1: Have you done any vibe coding? 31 00:01:32,000 --> 00:01:37,399 Speaker 3: Me? Yeah, no, no, yeah, I think I need to. 32 00:01:37,440 --> 00:01:38,760 Speaker 1: I just need to figure out what I need to 33 00:01:38,800 --> 00:01:41,080 Speaker 1: code and try it out. I would love to try this, 34 00:01:41,200 --> 00:01:41,520 Speaker 1: would you. 35 00:01:41,760 --> 00:01:41,960 Speaker 3: Yeah? 36 00:01:42,080 --> 00:01:45,160 Speaker 1: Oh, figure out what Joe Wisenthal on ad lots did, 37 00:01:45,200 --> 00:01:46,720 Speaker 1: like a big one and what did you do? I 38 00:01:46,720 --> 00:01:48,320 Speaker 1: don't know, I can I don't understand it. 39 00:01:48,320 --> 00:01:51,080 Speaker 4: It was over my head, Like okay, no, it is 40 00:01:51,160 --> 00:01:53,000 Speaker 4: kind of fascinating what you can do. I'm just gonna 41 00:01:53,040 --> 00:01:56,760 Speaker 4: say that overwhelmingly, there's seventy six percent of the analysts 42 00:01:57,040 --> 00:01:59,840 Speaker 4: who follow Oracle have by ratings, So there's thirty nine 43 00:02:00,360 --> 00:02:03,120 Speaker 4: eleven holds in just one cell an Oracle. So still 44 00:02:03,160 --> 00:02:05,600 Speaker 4: pretty overwhelmingly upbeat on this one. 45 00:02:06,440 --> 00:02:08,720 Speaker 3: All right, from Oracle to work day we go, Yeah, 46 00:02:08,840 --> 00:02:11,800 Speaker 3: so this is yeah, this software stock. There's also been 47 00:02:11,800 --> 00:02:14,040 Speaker 3: a little bit hammered by all the worries about AI, 48 00:02:14,440 --> 00:02:18,359 Speaker 3: and today it kind of sall shares fall again by 49 00:02:18,360 --> 00:02:22,720 Speaker 3: nearly ten percent because it's actually replacing a CEO, Cayl. Eschenbach, 50 00:02:22,840 --> 00:02:25,120 Speaker 3: with co founder and someone who used to lead the 51 00:02:25,160 --> 00:02:28,920 Speaker 3: company with a new Buschy. You know, people are just 52 00:02:29,000 --> 00:02:31,400 Speaker 3: kind of not sure what's the new direction Bushy you 53 00:02:31,400 --> 00:02:34,120 Speaker 3: would take. They were happy with Eschenbach, even though the 54 00:02:34,200 --> 00:02:37,880 Speaker 3: stock has been hammered. Bloomberg Intelligence said they think Bushie 55 00:02:38,040 --> 00:02:41,119 Speaker 3: might push into further into AI products, but I think 56 00:02:41,120 --> 00:02:43,399 Speaker 3: for now there's still just some concerns about the transition. 57 00:02:44,800 --> 00:02:48,400 Speaker 4: Gosh, this is what a The stock was what like 58 00:02:48,480 --> 00:02:52,280 Speaker 4: two seventy back in twenty twenty one. 59 00:02:52,720 --> 00:02:55,840 Speaker 1: No, this move has been white, it's really been. It's down. 60 00:02:55,960 --> 00:02:58,919 Speaker 1: It's down forty five percent from twenty twenty five high 61 00:02:59,080 --> 00:03:04,600 Speaker 1: from twenty twenty four highs sorry, twenty four highs forty 62 00:03:04,639 --> 00:03:05,760 Speaker 1: five percent just last year. 63 00:03:05,880 --> 00:03:10,560 Speaker 4: Yeah, all right, so transition or yeah, definitely some new 64 00:03:10,560 --> 00:03:11,480 Speaker 4: folks in the c suite. 65 00:03:11,560 --> 00:03:14,640 Speaker 1: Okay, speaking of a big decliner, Kindrel having its worst 66 00:03:14,840 --> 00:03:15,480 Speaker 1: day ever. 67 00:03:15,800 --> 00:03:19,160 Speaker 3: Yeah, it's been the worst performer of the SMP MidCap index. 68 00:03:19,240 --> 00:03:21,480 Speaker 3: So I think most of us don't know what had 69 00:03:21,520 --> 00:03:24,600 Speaker 3: never heard this company as tickers KD. It's actually a 70 00:03:24,600 --> 00:03:27,280 Speaker 3: company that was spun out of IBM about five years ago, 71 00:03:27,400 --> 00:03:30,800 Speaker 3: kind of doing its infrastructure services business. So it shares 72 00:03:30,880 --> 00:03:34,079 Speaker 3: more than half after the company said it is investigating 73 00:03:34,120 --> 00:03:37,440 Speaker 3: its accounting practices. How a manaus is cash it discloses 74 00:03:37,480 --> 00:03:39,600 Speaker 3: its financials. I think this is is a huge of 75 00:03:39,640 --> 00:03:40,080 Speaker 3: the public. 76 00:03:40,760 --> 00:03:40,880 Speaker 2: You know. 77 00:03:40,880 --> 00:03:43,880 Speaker 3: The company also said that several of its senior executives, 78 00:03:43,920 --> 00:03:47,960 Speaker 3: including as CFO, have left as well, so question marks 79 00:03:47,960 --> 00:03:51,320 Speaker 3: over remain over this company just getting killed. 80 00:03:51,960 --> 00:03:54,200 Speaker 1: Wow, it's a big job move today, was I mean 81 00:03:54,240 --> 00:03:59,040 Speaker 1: there were there were like volatility pauses on the downside, Yeah. 82 00:03:58,920 --> 00:04:01,760 Speaker 4: Yeah, absolutely yes, some stoppage in terms of trading. 83 00:04:01,920 --> 00:04:04,520 Speaker 1: Okay, should we talk groceries, Yeah, what's going on a Kroger. 84 00:04:04,600 --> 00:04:06,240 Speaker 3: Yeah, so maybe a little bit more of a good 85 00:04:06,240 --> 00:04:09,680 Speaker 3: news and management changes. Kroger's shares are a little bit higher 86 00:04:09,680 --> 00:04:12,960 Speaker 3: today after the name a new CEO, Greg Foruan Uh. 87 00:04:13,080 --> 00:04:16,240 Speaker 3: He used to head Walmart's US business. And this is 88 00:04:16,279 --> 00:04:18,600 Speaker 3: good news for Kroger's investors because they have been kind 89 00:04:18,600 --> 00:04:21,680 Speaker 3: of looking for stability at Kroger's company. You know had 90 00:04:21,680 --> 00:04:26,200 Speaker 3: a huge felt merger Albertson's. It's the former CEO had 91 00:04:26,240 --> 00:04:29,280 Speaker 3: to lead because of personal conduct, and a lot of 92 00:04:29,279 --> 00:04:32,160 Speaker 3: investors are happy for him because he helped to turn Walmart's 93 00:04:32,240 --> 00:04:36,000 Speaker 3: US operations around back then. So people optimistic about him. 94 00:04:36,080 --> 00:04:38,600 Speaker 3: But we also know that, you know, grocery it's a 95 00:04:38,640 --> 00:04:42,359 Speaker 3: pretty tough sector right now, you know. And Kroger is 96 00:04:42,440 --> 00:04:46,400 Speaker 3: much more complex, and Walmart it has multiple chains, for example. 97 00:04:47,640 --> 00:04:51,680 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 98 00:04:51,760 --> 00:04:54,320 Speaker 2: us throughout the day for the latest roundup of companies 99 00:04:54,400 --> 00:04:57,480 Speaker 2: making news on Wall Street and for the latest market 100 00:04:57,520 --> 00:05:01,960 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 101 00:05:02,080 --> 00:05:05,560 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 102 00:05:05,640 --> 00:05:07,119 Speaker 2: the Bloomberg Business app.