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: I'm Tim Stenebeck along with Carol Master. Let's take a
Speaker 1: look at some stocks on the move today. We're joined
Speaker 1: by Bloomberg News earning specialist Rachel Qua. She joins us
Speaker 1: here on this Monday afternoon. There were so many stocks.
Speaker 3: I know, it's a month that there's a lot stories.
Speaker 1: Today it was like an embarrassment of riches for anyone
Speaker 1: who was looking for stories about individual movers. What did
Speaker 1: you set along?
Speaker 3: Yeah, so I think the biggest name today was Oracle,
Speaker 3: Tika or r c L. You know, the show's kind
Speaker 3: of went up today after one of Jana's, David from
Speaker 3: DA Davidson, upgraded a stock to a buy. It says,
Speaker 3: you know, it's kind of he's been talking a bit
Speaker 3: about open AI. You know, you know, we know that
Speaker 3: Oracle has been building data centers for them, and you
Speaker 3: know that's been what were used about open AI, you know,
Speaker 3: the competition between them and Traffic and Google, and so
Speaker 3: they kind of see that like Opening I still has
Speaker 3: kind of quite a runway to go, and it's planning
Speaker 3: to raise more cash, and so you know, Oracle should
Speaker 3: be okay. And they also feel that, you know, all
Speaker 3: the worries about software products people not wanting them because
Speaker 3: of AI. Uh, you know, people are not going to
Speaker 3: just suddenly like be vibe coding. So you know, Oracle,
Speaker 3: which also produces a lot of software, should still kind
Speaker 3: of be okay.
Speaker 1: Have you done any vibe coding?
Speaker 3: Me? Yeah, no, no, yeah, I think I need to.
Speaker 1: I just need to figure out what I need to
Speaker 1: code and try it out. I would love to try this,
Speaker 1: would you.
Speaker 3: Yeah?
Speaker 1: Oh, figure out what Joe Wisenthal on ad lots did,
Speaker 1: like a big one and what did you do? I
Speaker 1: don't know, I can I don't understand it.
Speaker 4: It was over my head, Like okay, no, it is
Speaker 4: kind of fascinating what you can do. I'm just gonna
Speaker 4: say that overwhelmingly, there's seventy six percent of the analysts
Speaker 4: who follow Oracle have by ratings, So there's thirty nine
Speaker 4: eleven holds in just one cell an Oracle. So still
Speaker 4: pretty overwhelmingly upbeat on this one.
Speaker 3: All right, from Oracle to work day we go, Yeah,
Speaker 3: so this is yeah, this software stock. There's also been
Speaker 3: a little bit hammered by all the worries about AI,
Speaker 3: and today it kind of sall shares fall again by
Speaker 3: nearly ten percent because it's actually replacing a CEO, Cayl. Eschenbach,
Speaker 3: with co founder and someone who used to lead the
Speaker 3: company with a new Buschy. You know, people are just
Speaker 3: kind of not sure what's the new direction Bushy you
Speaker 3: would take. They were happy with Eschenbach, even though the
Speaker 3: stock has been hammered. Bloomberg Intelligence said they think Bushie
Speaker 3: might push into further into AI products, but I think
Speaker 3: for now there's still just some concerns about the transition.
Speaker 4: Gosh, this is what a The stock was what like
Speaker 4: two seventy back in twenty twenty one.
Speaker 1: No, this move has been white, it's really been. It's down.
Speaker 1: It's down forty five percent from twenty twenty five high
Speaker 1: from twenty twenty four highs sorry, twenty four highs forty
Speaker 1: five percent just last year.
Speaker 4: Yeah, all right, so transition or yeah, definitely some new
Speaker 4: folks in the c suite.
Speaker 1: Okay, speaking of a big decliner, Kindrel having its worst
Speaker 1: day ever.
Speaker 3: Yeah, it's been the worst performer of the SMP MidCap index.
Speaker 3: So I think most of us don't know what had
Speaker 3: never heard this company as tickers KD. It's actually a
Speaker 3: company that was spun out of IBM about five years ago,
Speaker 3: kind of doing its infrastructure services business. So it shares
Speaker 3: more than half after the company said it is investigating
Speaker 3: its accounting practices. How a manaus is cash it discloses
Speaker 3: its financials. I think this is is a huge of
Speaker 3: the public.
Speaker 2: You know.
Speaker 3: The company also said that several of its senior executives,
Speaker 3: including as CFO, have left as well, so question marks
Speaker 3: over remain over this company just getting killed.
Speaker 1: Wow, it's a big job move today, was I mean
Speaker 1: there were there were like volatility pauses on the downside, Yeah.
Speaker 4: Yeah, absolutely yes, some stoppage in terms of trading.
Speaker 1: Okay, should we talk groceries, Yeah, what's going on a Kroger.
Speaker 3: Yeah, so maybe a little bit more of a good
Speaker 3: news and management changes. Kroger's shares are a little bit higher
Speaker 3: today after the name a new CEO, Greg Foruan Uh.
Speaker 3: He used to head Walmart's US business. And this is
Speaker 3: good news for Kroger's investors because they have been kind
Speaker 3: of looking for stability at Kroger's company. You know had
Speaker 3: a huge felt merger Albertson's. It's the former CEO had
Speaker 3: to lead because of personal conduct, and a lot of
Speaker 3: investors are happy for him because he helped to turn Walmart's
Speaker 3: US operations around back then. So people optimistic about him.
Speaker 3: But we also know that, you know, grocery it's a
Speaker 3: pretty tough sector right now, you know. And Kroger is
Speaker 3: much more complex, and Walmart it has multiple chains, for example.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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Speaker 2: making news on Wall Street and for the latest market
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