WEBVTT - Oracle, Kroger Jump; Workday Drops

0:00:02.520 --> 0:00:07.000
<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.720 --> 0:00:18.960
<v Speaker 1>I'm Tim Stenebeck along with Carol Master. Let's take a

0:00:18.960 --> 0:00:21.000
<v Speaker 1>look at some stocks on the move today. We're joined

0:00:21.040 --> 0:00:24.040
<v Speaker 1>by Bloomberg News earning specialist Rachel Qua. She joins us

0:00:24.560 --> 0:00:28.720
<v Speaker 1>here on this Monday afternoon. There were so many stocks.

0:00:28.920 --> 0:00:31.680
<v Speaker 3>I know, it's a month that there's a lot stories.

0:00:31.240 --> 0:00:33.520
<v Speaker 1>Today it was like an embarrassment of riches for anyone

0:00:33.560 --> 0:00:36.680
<v Speaker 1>who was looking for stories about individual movers. What did

0:00:36.680 --> 0:00:37.280
<v Speaker 1>you set along?

0:00:37.479 --> 0:00:40.120
<v Speaker 3>Yeah, so I think the biggest name today was Oracle,

0:00:40.479 --> 0:00:43.080
<v Speaker 3>Tika or r c L. You know, the show's kind

0:00:43.120 --> 0:00:46.319
<v Speaker 3>of went up today after one of Jana's, David from

0:00:46.680 --> 0:00:50.080
<v Speaker 3>DA Davidson, upgraded a stock to a buy. It says,

0:00:50.120 --> 0:00:51.919
<v Speaker 3>you know, it's kind of he's been talking a bit

0:00:51.920 --> 0:00:54.800
<v Speaker 3>about open AI. You know, you know, we know that

0:00:55.120 --> 0:00:58.040
<v Speaker 3>Oracle has been building data centers for them, and you

0:00:58.080 --> 0:01:00.440
<v Speaker 3>know that's been what were used about open AI, you know,

0:01:00.640 --> 0:01:04.520
<v Speaker 3>the competition between them and Traffic and Google, and so

0:01:05.000 --> 0:01:07.240
<v Speaker 3>they kind of see that like Opening I still has

0:01:07.360 --> 0:01:10.240
<v Speaker 3>kind of quite a runway to go, and it's planning

0:01:10.280 --> 0:01:12.720
<v Speaker 3>to raise more cash, and so you know, Oracle should

0:01:12.760 --> 0:01:15.800
<v Speaker 3>be okay. And they also feel that, you know, all

0:01:15.840 --> 0:01:19.360
<v Speaker 3>the worries about software products people not wanting them because

0:01:19.360 --> 0:01:21.520
<v Speaker 3>of AI. Uh, you know, people are not going to

0:01:21.880 --> 0:01:26.160
<v Speaker 3>just suddenly like be vibe coding. So you know, Oracle,

0:01:26.160 --> 0:01:28.480
<v Speaker 3>which also produces a lot of software, should still kind

0:01:28.480 --> 0:01:29.039
<v Speaker 3>of be okay.

0:01:29.360 --> 0:01:30.639
<v Speaker 1>Have you done any vibe coding?

0:01:32.000 --> 0:01:37.399
<v Speaker 3>Me? Yeah, no, no, yeah, I think I need to.

0:01:37.440 --> 0:01:38.760
<v Speaker 1>I just need to figure out what I need to

0:01:38.800 --> 0:01:41.080
<v Speaker 1>code and try it out. I would love to try this,

0:01:41.200 --> 0:01:41.520
<v Speaker 1>would you.

0:01:41.760 --> 0:01:41.960
<v Speaker 3>Yeah?

0:01:42.080 --> 0:01:45.160
<v Speaker 1>Oh, figure out what Joe Wisenthal on ad lots did,

0:01:45.200 --> 0:01:46.720
<v Speaker 1>like a big one and what did you do? I

0:01:46.720 --> 0:01:48.320
<v Speaker 1>don't know, I can I don't understand it.

0:01:48.320 --> 0:01:51.080
<v Speaker 4>It was over my head, Like okay, no, it is

0:01:51.160 --> 0:01:53.000
<v Speaker 4>kind of fascinating what you can do. I'm just gonna

0:01:53.040 --> 0:01:56.760
<v Speaker 4>say that overwhelmingly, there's seventy six percent of the analysts

0:01:57.040 --> 0:01:59.840
<v Speaker 4>who follow Oracle have by ratings, So there's thirty nine

0:02:00.360 --> 0:02:03.120
<v Speaker 4>eleven holds in just one cell an Oracle. So still

0:02:03.160 --> 0:02:05.600
<v Speaker 4>pretty overwhelmingly upbeat on this one.

0:02:06.440 --> 0:02:08.720
<v Speaker 3>All right, from Oracle to work day we go, Yeah,

0:02:08.840 --> 0:02:11.800
<v Speaker 3>so this is yeah, this software stock. There's also been

0:02:11.800 --> 0:02:14.040
<v Speaker 3>a little bit hammered by all the worries about AI,

0:02:14.440 --> 0:02:18.359
<v Speaker 3>and today it kind of sall shares fall again by

0:02:18.360 --> 0:02:22.720
<v Speaker 3>nearly ten percent because it's actually replacing a CEO, Cayl. Eschenbach,

0:02:22.840 --> 0:02:25.120
<v Speaker 3>with co founder and someone who used to lead the

0:02:25.160 --> 0:02:28.920
<v Speaker 3>company with a new Buschy. You know, people are just

0:02:29.000 --> 0:02:31.400
<v Speaker 3>kind of not sure what's the new direction Bushy you

0:02:31.400 --> 0:02:34.120
<v Speaker 3>would take. They were happy with Eschenbach, even though the

0:02:34.200 --> 0:02:37.880
<v Speaker 3>stock has been hammered. Bloomberg Intelligence said they think Bushie

0:02:38.040 --> 0:02:41.119
<v Speaker 3>might push into further into AI products, but I think

0:02:41.120 --> 0:02:43.399
<v Speaker 3>for now there's still just some concerns about the transition.

0:02:44.800 --> 0:02:48.400
<v Speaker 4>Gosh, this is what a The stock was what like

0:02:48.480 --> 0:02:52.280
<v Speaker 4>two seventy back in twenty twenty one.

0:02:52.720 --> 0:02:55.840
<v Speaker 1>No, this move has been white, it's really been. It's down.

0:02:55.960 --> 0:02:58.919
<v Speaker 1>It's down forty five percent from twenty twenty five high

0:02:59.080 --> 0:03:04.600
<v Speaker 1>from twenty twenty four highs sorry, twenty four highs forty

0:03:04.639 --> 0:03:05.760
<v Speaker 1>five percent just last year.

0:03:05.880 --> 0:03:10.560
<v Speaker 4>Yeah, all right, so transition or yeah, definitely some new

0:03:10.560 --> 0:03:11.480
<v Speaker 4>folks in the c suite.

0:03:11.560 --> 0:03:14.640
<v Speaker 1>Okay, speaking of a big decliner, Kindrel having its worst

0:03:14.840 --> 0:03:15.480
<v Speaker 1>day ever.

0:03:15.800 --> 0:03:19.160
<v Speaker 3>Yeah, it's been the worst performer of the SMP MidCap index.

0:03:19.240 --> 0:03:21.480
<v Speaker 3>So I think most of us don't know what had

0:03:21.520 --> 0:03:24.600
<v Speaker 3>never heard this company as tickers KD. It's actually a

0:03:24.600 --> 0:03:27.280
<v Speaker 3>company that was spun out of IBM about five years ago,

0:03:27.400 --> 0:03:30.800
<v Speaker 3>kind of doing its infrastructure services business. So it shares

0:03:30.880 --> 0:03:34.079
<v Speaker 3>more than half after the company said it is investigating

0:03:34.120 --> 0:03:37.440
<v Speaker 3>its accounting practices. How a manaus is cash it discloses

0:03:37.480 --> 0:03:39.600
<v Speaker 3>its financials. I think this is is a huge of

0:03:39.640 --> 0:03:40.080
<v Speaker 3>the public.

0:03:40.760 --> 0:03:40.880
<v Speaker 2>You know.

0:03:40.880 --> 0:03:43.880
<v Speaker 3>The company also said that several of its senior executives,

0:03:43.920 --> 0:03:47.960
<v Speaker 3>including as CFO, have left as well, so question marks

0:03:47.960 --> 0:03:51.320
<v Speaker 3>over remain over this company just getting killed.

0:03:51.960 --> 0:03:54.200
<v Speaker 1>Wow, it's a big job move today, was I mean

0:03:54.240 --> 0:03:59.040
<v Speaker 1>there were there were like volatility pauses on the downside, Yeah.

0:03:58.920 --> 0:04:01.760
<v Speaker 4>Yeah, absolutely yes, some stoppage in terms of trading.

0:04:01.920 --> 0:04:04.520
<v Speaker 1>Okay, should we talk groceries, Yeah, what's going on a Kroger.

0:04:04.600 --> 0:04:06.240
<v Speaker 3>Yeah, so maybe a little bit more of a good

0:04:06.240 --> 0:04:09.680
<v Speaker 3>news and management changes. Kroger's shares are a little bit higher

0:04:09.680 --> 0:04:12.960
<v Speaker 3>today after the name a new CEO, Greg Foruan Uh.

0:04:13.080 --> 0:04:16.240
<v Speaker 3>He used to head Walmart's US business. And this is

0:04:16.279 --> 0:04:18.600
<v Speaker 3>good news for Kroger's investors because they have been kind

0:04:18.600 --> 0:04:21.680
<v Speaker 3>of looking for stability at Kroger's company. You know had

0:04:21.680 --> 0:04:26.200
<v Speaker 3>a huge felt merger Albertson's. It's the former CEO had

0:04:26.240 --> 0:04:29.280
<v Speaker 3>to lead because of personal conduct, and a lot of

0:04:29.279 --> 0:04:32.160
<v Speaker 3>investors are happy for him because he helped to turn Walmart's

0:04:32.240 --> 0:04:36.000
<v Speaker 3>US operations around back then. So people optimistic about him.

0:04:36.080 --> 0:04:38.600
<v Speaker 3>But we also know that, you know, grocery it's a

0:04:38.640 --> 0:04:42.359
<v Speaker 3>pretty tough sector right now, you know. And Kroger is

0:04:42.440 --> 0:04:46.400
<v Speaker 3>much more complex, and Walmart it has multiple chains, for example.

0:04:47.640 --> 0:04:51.680
<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

0:04:51.760 --> 0:04:54.320
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:54.400 --> 0:04:57.480
<v Speaker 2>making news on Wall Street and for the latest market

0:04:57.520 --> 0:05:01.960
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:05:02.080 --> 0:05:05.560
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:05:05.640 --> 0:05:07.119
<v Speaker 2>the Bloomberg Business app.