1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock mover's report 3 00:00:13,760 --> 00:00:16,720 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,400 Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik, and Katie Greifel. 5 00:00:22,360 --> 00:00:24,520 Speaker 3: All right, let me get to some of the individual gainers. 6 00:00:24,640 --> 00:00:27,840 Speaker 4: Vertex Pharmaceuticals closing out more than eight percent, best day 7 00:00:27,920 --> 00:00:31,000 Speaker 4: since December of twenty twenty three, top performer in both 8 00:00:31,000 --> 00:00:32,560 Speaker 4: the S and P and Nasdaq one hundred. 9 00:00:32,600 --> 00:00:33,919 Speaker 3: The biotech company. 10 00:00:33,680 --> 00:00:35,959 Speaker 4: Said it's drug to treat a kidney disorder met its 11 00:00:36,000 --> 00:00:39,000 Speaker 4: goal in a late stage trial, providing a boost to 12 00:00:39,040 --> 00:00:43,440 Speaker 4: its strategy a moving beyond cystic fibrosis treatments. RBC Capital 13 00:00:44,040 --> 00:00:46,760 Speaker 4: Markets weighing in and said the positive data showed exactly 14 00:00:46,760 --> 00:00:50,400 Speaker 4: what was necessary to confirm the drug's high potential and 15 00:00:50,440 --> 00:00:52,800 Speaker 4: gets the company pass their key unknown for twenty twenty six. 16 00:00:52,800 --> 00:00:55,440 Speaker 4: He estimates the drug could eventually generate about five billion 17 00:00:55,520 --> 00:00:59,480 Speaker 4: dollars in sales if it can win approval in multiple conditions. 18 00:01:00,080 --> 00:01:02,240 Speaker 4: Vienna a top performer two in the S and P 19 00:01:02,360 --> 00:01:05,520 Speaker 4: five hundred. That one gaining ground as well, up about 20 00:01:05,560 --> 00:01:08,600 Speaker 4: six percent. It's a forty eight billion dollars market cap 21 00:01:08,880 --> 00:01:13,200 Speaker 4: communications equipment company. A couple things that play. Analysts raising 22 00:01:13,280 --> 00:01:15,600 Speaker 4: price targets for this one since the company reported earnings 23 00:01:15,680 --> 00:01:18,760 Speaker 4: last week on March fifth, twelve, analysts raising price targets 24 00:01:18,760 --> 00:01:21,480 Speaker 4: by an average of twenty four percent. Need a analyst 25 00:01:21,520 --> 00:01:25,600 Speaker 4: Ryan Coons saying several networking and optical technology companies position 26 00:01:25,720 --> 00:01:29,880 Speaker 4: to benefit from rising hyperscale cloud spending as AI infrastructure 27 00:01:29,920 --> 00:01:32,600 Speaker 4: continues to expand, and Heed did identify Sienna along with 28 00:01:32,640 --> 00:01:35,319 Speaker 4: a few other companies as a result. One more for you, 29 00:01:35,520 --> 00:01:39,240 Speaker 4: Rivian rallying td cowen coming out upgrading the automaker to 30 00:01:39,240 --> 00:01:42,640 Speaker 4: buy from hold. The analyst there positive on the stocks 31 00:01:42,800 --> 00:01:45,000 Speaker 4: risk profile going into the launch of its R two 32 00:01:45,080 --> 00:01:47,720 Speaker 4: mid size suv that stock up more than four percent. 33 00:01:47,840 --> 00:01:51,600 Speaker 4: Rivian that is price target to twenty from seventeen. Stock 34 00:01:51,680 --> 00:01:54,240 Speaker 4: still down about fourteen percent year to day. Nearly sixteen 35 00:01:54,280 --> 00:01:54,800 Speaker 4: percent of the. 36 00:01:54,720 --> 00:01:55,480 Speaker 3: Float is short. 37 00:01:55,680 --> 00:01:58,240 Speaker 4: And keep in mind this one is still down ninety percent. 38 00:01:58,360 --> 00:02:00,320 Speaker 4: It's a high back in November of twenty two one, 39 00:02:00,360 --> 00:02:03,320 Speaker 4: but tdcow and liking it investors too, pushing it up 40 00:02:03,320 --> 00:02:04,360 Speaker 4: about four percent today. 41 00:02:04,400 --> 00:02:06,880 Speaker 5: Guys, Well, let's take into some of the decliners on 42 00:02:06,920 --> 00:02:09,280 Speaker 5: the day, we're looking at shares of Boeing down more 43 00:02:09,320 --> 00:02:11,320 Speaker 5: than three percent at the closing bell. This is the 44 00:02:11,360 --> 00:02:14,400 Speaker 5: biggest drop since November for the stock. This is after 45 00:02:14,440 --> 00:02:17,000 Speaker 5: a Boeing said that a wiring flaw found on its 46 00:02:17,040 --> 00:02:20,280 Speaker 5: seven thirty seven Max will delay some deliveries of the jet, 47 00:02:20,600 --> 00:02:22,919 Speaker 5: this of course setting shares lower at the closing bell. 48 00:02:23,000 --> 00:02:25,880 Speaker 5: The company said it's overall delivery target of roughly five 49 00:02:26,000 --> 00:02:28,280 Speaker 5: hundred of the seven thirty seven jets for the year 50 00:02:28,320 --> 00:02:32,040 Speaker 5: remains unchanged despite the quality lapse. But clearly the street 51 00:02:32,080 --> 00:02:33,840 Speaker 5: is not really liking this news. We know that the 52 00:02:33,880 --> 00:02:36,839 Speaker 5: stock did rebound in twenty twenty five year to date 53 00:02:37,120 --> 00:02:39,880 Speaker 5: after having a pretty dismal twenty twenty four down about 54 00:02:39,919 --> 00:02:42,160 Speaker 5: thirty two percent, But if we look at the activity 55 00:02:42,400 --> 00:02:45,200 Speaker 5: for this year alone, it's up just about one percent. 56 00:02:45,280 --> 00:02:47,480 Speaker 5: So it seems as though Boeing is really trying to 57 00:02:47,520 --> 00:02:50,320 Speaker 5: buy to get a lot of its investors back on 58 00:02:50,400 --> 00:02:54,640 Speaker 5: board here. Moving from there, let's go to West Pharmaceutical Services. 59 00:02:54,960 --> 00:02:57,720 Speaker 5: This company has struggled this year. Today we're seeing the 60 00:02:57,760 --> 00:02:59,960 Speaker 5: stock down more than five percent for its worst day 61 00:03:00,120 --> 00:03:02,880 Speaker 5: since February of twenty twenty five. The stock is down 62 00:03:02,919 --> 00:03:06,080 Speaker 5: about fifteen percent this year, but today we're seeing it 63 00:03:06,120 --> 00:03:09,919 Speaker 5: lower after the company said that long term CEO, Eric Green, 64 00:03:10,320 --> 00:03:13,680 Speaker 5: plans to retire. This marking the second recent exec change 65 00:03:13,919 --> 00:03:17,399 Speaker 5: after announcing the hiring of a new CFO last year. 66 00:03:17,440 --> 00:03:20,400 Speaker 5: So some of those management changes weighing on sentiment in 67 00:03:20,480 --> 00:03:24,320 Speaker 5: the trade. Lastly, let's wrap things up with centeen. This 68 00:03:24,680 --> 00:03:27,560 Speaker 5: is seeing its worst day since July of twenty twenty five. 69 00:03:27,600 --> 00:03:31,160 Speaker 5: This company's about eighteen billion dollars in marketcap, a healthcare 70 00:03:31,240 --> 00:03:34,480 Speaker 5: managed care company based in Saint Louis. We did see 71 00:03:34,520 --> 00:03:37,160 Speaker 5: that shares we're seeking the companies that it expects enrollment 72 00:03:37,200 --> 00:03:40,880 Speaker 5: in the ACA marketplace to decline by about thirty five 73 00:03:41,000 --> 00:03:44,720 Speaker 5: percent or more across the industry after some federal ACA 74 00:03:44,800 --> 00:03:48,040 Speaker 5: subsidies did expire, So not great news for the company. 75 00:03:48,120 --> 00:03:50,160 Speaker 5: Shares down about sixteen percent on the day. 76 00:03:50,200 --> 00:03:52,000 Speaker 1: All right, let's take a quick look at yields here. 77 00:03:52,040 --> 00:03:54,000 Speaker 1: We did see a lot of volatility in that space, 78 00:03:54,000 --> 00:03:56,360 Speaker 1: but the net effect is yields higher on the day. 79 00:03:56,400 --> 00:03:59,400 Speaker 1: Your tenure yield for a six day in the past 80 00:03:59,440 --> 00:04:02,080 Speaker 1: seven up about five basis points. A two year yield 81 00:04:02,320 --> 00:04:04,480 Speaker 1: up for a fifth day in the past seven up 82 00:04:04,520 --> 00:04:06,720 Speaker 1: about five basis points, and the longer end of the 83 00:04:06,760 --> 00:04:08,520 Speaker 1: curve you don't have up there. Oh there it is 84 00:04:08,520 --> 00:04:11,360 Speaker 1: a thirty year yield is saw the most activity there 85 00:04:11,560 --> 00:04:14,080 Speaker 1: in terms of the selloff, with pushing yields higher by 86 00:04:14,120 --> 00:04:15,720 Speaker 1: about seven basis points. 87 00:04:15,760 --> 00:04:18,800 Speaker 4: All right, of course, we are waiting Oracles earning, so 88 00:04:19,040 --> 00:04:21,040 Speaker 4: just kind of glued to our Bloomberg and we'll bring 89 00:04:21,120 --> 00:04:23,200 Speaker 4: you those results as soon as they cross. 90 00:04:23,800 --> 00:04:25,200 Speaker 3: There we go, stocks moving. 91 00:04:25,080 --> 00:04:28,480 Speaker 1: Up, oracleture, Oracle earnings out crossing the wire right now. 92 00:04:28,600 --> 00:04:31,640 Speaker 1: Three Q adjusted revenue does appear to have beaten estimates. 93 00:04:31,640 --> 00:04:33,919 Speaker 1: The company is saying that it's all twenty two percent 94 00:04:33,960 --> 00:04:37,000 Speaker 1: growth to about seventeen point one nine billion dollars. The 95 00:04:37,000 --> 00:04:39,760 Speaker 1: street was looking for about sixteen point eight nine billion 96 00:04:39,800 --> 00:04:42,719 Speaker 1: dollars on a constant currency basis, up about eighteen percent. 97 00:04:42,760 --> 00:04:45,440 Speaker 1: Cloud revenue up forty four percent to eight point nine 98 00:04:45,480 --> 00:04:49,200 Speaker 1: billion dollars, in cloud application revenue up eleven percent to 99 00:04:49,320 --> 00:04:53,080 Speaker 1: four billion dollars, roughly in line with estimate. Software revenue 100 00:04:53,120 --> 00:04:56,719 Speaker 1: also higher. Here off of those numbers, and still looking 101 00:04:56,760 --> 00:04:59,160 Speaker 1: here and here is your revenue guidance. The company says 102 00:04:59,160 --> 00:05:02,880 Speaker 1: that for its total revenue guidance is now being boosted 103 00:05:02,920 --> 00:05:05,560 Speaker 1: to about ninety billion dollars. I need to take a 104 00:05:05,560 --> 00:05:07,880 Speaker 1: closer look at that comparison here, and we need to 105 00:05:07,920 --> 00:05:10,200 Speaker 1: dive in a little bit deeper into that CAPEX number, 106 00:05:10,600 --> 00:05:13,320 Speaker 1: which is going to be very deeper into the release. 107 00:05:13,520 --> 00:05:16,839 Speaker 6: Yeah, still looking for CAPEX, still looking for their cash 108 00:05:16,839 --> 00:05:19,000 Speaker 6: flow as well, that was negative to the tune about 109 00:05:19,200 --> 00:05:21,680 Speaker 6: ten billion dollars last quarter. You can see shares though, 110 00:05:21,920 --> 00:05:25,040 Speaker 6: popping right now, higher by about four percent. But Carol, 111 00:05:25,080 --> 00:05:28,000 Speaker 6: it's important to know how low the bar was heading 112 00:05:28,000 --> 00:05:31,080 Speaker 6: into these earnings. Their last high was on September tenth, 113 00:05:31,160 --> 00:05:34,760 Speaker 6: and through today's close, down more than fifty percent since then. 114 00:05:35,080 --> 00:05:36,240 Speaker 3: Yeah, interesting to see. 115 00:05:36,279 --> 00:05:38,159 Speaker 4: I was just kind of going through the press relief 116 00:05:38,279 --> 00:05:40,839 Speaker 4: looking for a little bit more in terms of capital expenditures. 117 00:05:41,600 --> 00:05:43,839 Speaker 4: But what's interesting is you are seeing this stock up 118 00:05:43,880 --> 00:05:47,200 Speaker 4: about four percent here in the aftermarket, So investors at 119 00:05:47,240 --> 00:05:49,600 Speaker 4: least initially liking what they got here, Nora. 120 00:05:49,600 --> 00:05:51,799 Speaker 5: Right, And it seems as though, you know, Oracle needed 121 00:05:51,800 --> 00:05:54,359 Speaker 5: this win. As Katie was saying earlier, the bar was 122 00:05:54,560 --> 00:05:57,040 Speaker 5: pretty low, but I mean investors will really be focused 123 00:05:57,080 --> 00:05:59,240 Speaker 5: as I was hearing from some of my sources on 124 00:05:59,360 --> 00:06:02,480 Speaker 5: the cloud business and not specifically how quickly Oracle could 125 00:06:02,560 --> 00:06:06,520 Speaker 5: turn major bookings from customers like open Ai into actual revenue. 126 00:06:06,839 --> 00:06:08,520 Speaker 1: Yeah, and there was a lot of discussion here coming 127 00:06:08,560 --> 00:06:11,760 Speaker 1: into this. I mean, remember we had seen reports about Bloomberg, 128 00:06:12,080 --> 00:06:15,000 Speaker 1: about the company scaling back in terms of headcounts, scaling 129 00:06:15,040 --> 00:06:16,839 Speaker 1: back in terms of some of its spending plans with 130 00:06:16,880 --> 00:06:19,839 Speaker 1: the guards to that stargate center down there in Texas, 131 00:06:19,839 --> 00:06:22,800 Speaker 1: and the idea they're coming into this report, investors really 132 00:06:22,839 --> 00:06:25,880 Speaker 1: wanted to see what that cappex number could be or 133 00:06:25,920 --> 00:06:27,880 Speaker 1: would be, and whether they would raise it or maybe 134 00:06:27,960 --> 00:06:30,000 Speaker 1: even for tailing. We are now starting to get a 135 00:06:30,040 --> 00:06:32,080 Speaker 1: little bit of a trickle here about the forecast. The 136 00:06:32,120 --> 00:06:34,400 Speaker 1: company is saying that were the current quarter, the fiscal 137 00:06:34,440 --> 00:06:37,760 Speaker 1: fourth quarter, it expects revenue to grow from eighteen percent 138 00:06:37,800 --> 00:06:41,320 Speaker 1: to twenty percent on a constant currency basis. The company 139 00:06:41,560 --> 00:06:44,360 Speaker 1: they're guiding, so I guess slightly higher than I guess 140 00:06:44,400 --> 00:06:45,400 Speaker 1: what the street was looking for. 141 00:06:45,600 --> 00:06:48,480 Speaker 6: Yeah. Absolutely, that revenue guidance too again up to ninety 142 00:06:48,520 --> 00:06:53,080 Speaker 6: billion dollars, certainly catching the attention of the after hours trade. 143 00:06:53,120 --> 00:06:55,080 Speaker 6: It's going to be interesting too to see how this 144 00:06:55,200 --> 00:06:57,960 Speaker 6: is reflected when it comes to the debt markets. Obviously 145 00:06:58,200 --> 00:07:00,760 Speaker 6: very much in focus when it comes to heading into 146 00:07:00,800 --> 00:07:02,840 Speaker 6: this report. You consider that when it comes to their 147 00:07:02,880 --> 00:07:06,960 Speaker 6: five year CDs at the highest level since January two 148 00:07:07,000 --> 00:07:07,720 Speaker 6: thousand and nine. 149 00:07:08,000 --> 00:07:09,680 Speaker 1: All right, so I just want to go back here 150 00:07:09,760 --> 00:07:11,720 Speaker 1: to those numbers they are just diving through their release, 151 00:07:11,760 --> 00:07:13,920 Speaker 1: the company says if for the full fiscal year, which 152 00:07:13,920 --> 00:07:17,480 Speaker 1: basically ends this quarter, they're expecting capital expenditures of about 153 00:07:17,520 --> 00:07:21,520 Speaker 1: fifty billion dollars, that's unchanged from its previous guidance for 154 00:07:21,600 --> 00:07:24,600 Speaker 1: the fiscal twenty twenty seven. The company says it is 155 00:07:24,760 --> 00:07:28,280 Speaker 1: raising its total revenue guidance to that ninety billion dollar number, 156 00:07:28,400 --> 00:07:30,280 Speaker 1: but it is not, at least not in the press release, 157 00:07:30,320 --> 00:07:32,880 Speaker 1: providing a capex figure, So maybe we have to wait 158 00:07:32,920 --> 00:07:34,640 Speaker 1: for that until the conference call. 159 00:07:34,760 --> 00:07:36,320 Speaker 4: Yeah, it sounds like that's going to be something that's 160 00:07:36,320 --> 00:07:38,679 Speaker 4: certainly going to be asked about. But again, we continue 161 00:07:38,680 --> 00:07:41,240 Speaker 4: to see this stock now up about seven percent here 162 00:07:41,280 --> 00:07:43,760 Speaker 4: in the aftermarket, so we're definitely seeing a pop to 163 00:07:43,800 --> 00:07:44,960 Speaker 4: the pside. 164 00:07:45,760 --> 00:07:49,800 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 165 00:07:49,880 --> 00:07:52,440 Speaker 2: us throughout the day for the latest roundup of companies 166 00:07:52,520 --> 00:07:55,640 Speaker 2: making news on Wall Street and for the latest market 167 00:07:55,640 --> 00:08:00,200 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 168 00:08:00,240 --> 00:08:03,720 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 169 00:08:03,800 --> 00:08:05,200 Speaker 2: the Bloomberg Business app 170 00:08:09,600 --> 00:08:09,920 Speaker 1: MHM.