Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik, and Katie Greifel.
Speaker 3: All right, let me get to some of the individual gainers.
Speaker 4: Vertex Pharmaceuticals closing out more than eight percent, best day
Speaker 4: since December of twenty twenty three, top performer in both
Speaker 4: the S and P and Nasdaq one hundred.
Speaker 3: The biotech company.
Speaker 4: Said it's drug to treat a kidney disorder met its
Speaker 4: goal in a late stage trial, providing a boost to
Speaker 4: its strategy a moving beyond cystic fibrosis treatments. RBC Capital
Speaker 4: Markets weighing in and said the positive data showed exactly
Speaker 4: what was necessary to confirm the drug's high potential and
Speaker 4: gets the company pass their key unknown for twenty twenty six.
Speaker 4: He estimates the drug could eventually generate about five billion
Speaker 4: dollars in sales if it can win approval in multiple conditions.
Speaker 4: Vienna a top performer two in the S and P
Speaker 4: five hundred. That one gaining ground as well, up about
Speaker 4: six percent. It's a forty eight billion dollars market cap
Speaker 4: communications equipment company. A couple things that play. Analysts raising
Speaker 4: price targets for this one since the company reported earnings
Speaker 4: last week on March fifth, twelve, analysts raising price targets
Speaker 4: by an average of twenty four percent. Need a analyst
Speaker 4: Ryan Coons saying several networking and optical technology companies position
Speaker 4: to benefit from rising hyperscale cloud spending as AI infrastructure
Speaker 4: continues to expand, and Heed did identify Sienna along with
Speaker 4: a few other companies as a result. One more for you,
Speaker 4: Rivian rallying td cowen coming out upgrading the automaker to
Speaker 4: buy from hold. The analyst there positive on the stocks
Speaker 4: risk profile going into the launch of its R two
Speaker 4: mid size suv that stock up more than four percent.
Speaker 4: Rivian that is price target to twenty from seventeen. Stock
Speaker 4: still down about fourteen percent year to day. Nearly sixteen
Speaker 4: percent of the.
Speaker 3: Float is short.
Speaker 4: And keep in mind this one is still down ninety percent.
Speaker 4: It's a high back in November of twenty two one,
Speaker 4: but tdcow and liking it investors too, pushing it up
Speaker 4: about four percent today.
Speaker 5: Guys, Well, let's take into some of the decliners on
Speaker 5: the day, we're looking at shares of Boeing down more
Speaker 5: than three percent at the closing bell. This is the
Speaker 5: biggest drop since November for the stock. This is after
Speaker 5: a Boeing said that a wiring flaw found on its
Speaker 5: seven thirty seven Max will delay some deliveries of the jet,
Speaker 5: this of course setting shares lower at the closing bell.
Speaker 5: The company said it's overall delivery target of roughly five
Speaker 5: hundred of the seven thirty seven jets for the year
Speaker 5: remains unchanged despite the quality lapse. But clearly the street
Speaker 5: is not really liking this news. We know that the
Speaker 5: stock did rebound in twenty twenty five year to date
Speaker 5: after having a pretty dismal twenty twenty four down about
Speaker 5: thirty two percent, But if we look at the activity
Speaker 5: for this year alone, it's up just about one percent.
Speaker 5: So it seems as though Boeing is really trying to
Speaker 5: buy to get a lot of its investors back on
Speaker 5: board here. Moving from there, let's go to West Pharmaceutical Services.
Speaker 5: This company has struggled this year. Today we're seeing the
Speaker 5: stock down more than five percent for its worst day
Speaker 5: since February of twenty twenty five. The stock is down
Speaker 5: about fifteen percent this year, but today we're seeing it
Speaker 5: lower after the company said that long term CEO, Eric Green,
Speaker 5: plans to retire. This marking the second recent exec change
Speaker 5: after announcing the hiring of a new CFO last year.
Speaker 5: So some of those management changes weighing on sentiment in
Speaker 5: the trade. Lastly, let's wrap things up with centeen. This
Speaker 5: is seeing its worst day since July of twenty twenty five.
Speaker 5: This company's about eighteen billion dollars in marketcap, a healthcare
Speaker 5: managed care company based in Saint Louis. We did see
Speaker 5: that shares we're seeking the companies that it expects enrollment
Speaker 5: in the ACA marketplace to decline by about thirty five
Speaker 5: percent or more across the industry after some federal ACA
Speaker 5: subsidies did expire, So not great news for the company.
Speaker 5: Shares down about sixteen percent on the day.
Speaker 1: All right, let's take a quick look at yields here.
Speaker 1: We did see a lot of volatility in that space,
Speaker 1: but the net effect is yields higher on the day.
Speaker 1: Your tenure yield for a six day in the past
Speaker 1: seven up about five basis points. A two year yield
Speaker 1: up for a fifth day in the past seven up
Speaker 1: about five basis points, and the longer end of the
Speaker 1: curve you don't have up there. Oh there it is
Speaker 1: a thirty year yield is saw the most activity there
Speaker 1: in terms of the selloff, with pushing yields higher by
Speaker 1: about seven basis points.
Speaker 4: All right, of course, we are waiting Oracles earning, so
Speaker 4: just kind of glued to our Bloomberg and we'll bring
Speaker 4: you those results as soon as they cross.
Speaker 3: There we go, stocks moving.
Speaker 1: Up, oracleture, Oracle earnings out crossing the wire right now.
Speaker 1: Three Q adjusted revenue does appear to have beaten estimates.
Speaker 1: The company is saying that it's all twenty two percent
Speaker 1: growth to about seventeen point one nine billion dollars. The
Speaker 1: street was looking for about sixteen point eight nine billion
Speaker 1: dollars on a constant currency basis, up about eighteen percent.
Speaker 1: Cloud revenue up forty four percent to eight point nine
Speaker 1: billion dollars, in cloud application revenue up eleven percent to
Speaker 1: four billion dollars, roughly in line with estimate. Software revenue
Speaker 1: also higher. Here off of those numbers, and still looking
Speaker 1: here and here is your revenue guidance. The company says
Speaker 1: that for its total revenue guidance is now being boosted
Speaker 1: to about ninety billion dollars. I need to take a
Speaker 1: closer look at that comparison here, and we need to
Speaker 1: dive in a little bit deeper into that CAPEX number,
Speaker 1: which is going to be very deeper into the release.
Speaker 6: Yeah, still looking for CAPEX, still looking for their cash
Speaker 6: flow as well, that was negative to the tune about
Speaker 6: ten billion dollars last quarter. You can see shares though,
Speaker 6: popping right now, higher by about four percent. But Carol,
Speaker 6: it's important to know how low the bar was heading
Speaker 6: into these earnings. Their last high was on September tenth,
Speaker 6: and through today's close, down more than fifty percent since then.
Speaker 3: Yeah, interesting to see.
Speaker 4: I was just kind of going through the press relief
Speaker 4: looking for a little bit more in terms of capital expenditures.
Speaker 4: But what's interesting is you are seeing this stock up
Speaker 4: about four percent here in the aftermarket, So investors at
Speaker 4: least initially liking what they got here, Nora.
Speaker 5: Right, And it seems as though, you know, Oracle needed
Speaker 5: this win. As Katie was saying earlier, the bar was
Speaker 5: pretty low, but I mean investors will really be focused
Speaker 5: as I was hearing from some of my sources on
Speaker 5: the cloud business and not specifically how quickly Oracle could
Speaker 5: turn major bookings from customers like open Ai into actual revenue.
Speaker 1: Yeah, and there was a lot of discussion here coming
Speaker 1: into this. I mean, remember we had seen reports about Bloomberg,
Speaker 1: about the company scaling back in terms of headcounts, scaling
Speaker 1: back in terms of some of its spending plans with
Speaker 1: the guards to that stargate center down there in Texas,
Speaker 1: and the idea they're coming into this report, investors really
Speaker 1: wanted to see what that cappex number could be or
Speaker 1: would be, and whether they would raise it or maybe
Speaker 1: even for tailing. We are now starting to get a
Speaker 1: little bit of a trickle here about the forecast. The
Speaker 1: company is saying that were the current quarter, the fiscal
Speaker 1: fourth quarter, it expects revenue to grow from eighteen percent
Speaker 1: to twenty percent on a constant currency basis. The company
Speaker 1: they're guiding, so I guess slightly higher than I guess
Speaker 1: what the street was looking for.
Speaker 6: Yeah. Absolutely, that revenue guidance too again up to ninety
Speaker 6: billion dollars, certainly catching the attention of the after hours trade.
Speaker 6: It's going to be interesting too to see how this
Speaker 6: is reflected when it comes to the debt markets. Obviously
Speaker 6: very much in focus when it comes to heading into
Speaker 6: this report. You consider that when it comes to their
Speaker 6: five year CDs at the highest level since January two
Speaker 6: thousand and nine.
Speaker 1: All right, so I just want to go back here
Speaker 1: to those numbers they are just diving through their release,
Speaker 1: the company says if for the full fiscal year, which
Speaker 1: basically ends this quarter, they're expecting capital expenditures of about
Speaker 1: fifty billion dollars, that's unchanged from its previous guidance for
Speaker 1: the fiscal twenty twenty seven. The company says it is
Speaker 1: raising its total revenue guidance to that ninety billion dollar number,
Speaker 1: but it is not, at least not in the press release,
Speaker 1: providing a capex figure, So maybe we have to wait
Speaker 1: for that until the conference call.
Speaker 4: Yeah, it sounds like that's going to be something that's
Speaker 4: certainly going to be asked about. But again, we continue
Speaker 4: to see this stock now up about seven percent here
Speaker 4: in the aftermarket, so we're definitely seeing a pop to
Speaker 4: the pside.
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