WEBVTT - Closing Bell: Memory Chips Rise, Workday Soars, Hertz Tumbles

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>This is the closing bell on this stock movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>Hey, I'm going to go to some of the gainers

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<v Speaker 3>in today's session. Here's one group, sand Disk, Western Digital, Micron,

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<v Speaker 3>Seagate Technology. These were top in the S and P

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<v Speaker 3>five hundred and the NOWS deck one hundred. Sand Disk

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<v Speaker 3>alone was up thirteen point seven percent. You've got Western

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<v Speaker 3>Digital up more than seven percent, You've got Micron up

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<v Speaker 3>more than four percent, and Seagate Technology up almost five percent.

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<v Speaker 3>You did have Sandesk come out the computer hardware and

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<v Speaker 3>storage company jumping to a session high. Might even be

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<v Speaker 3>a close high, but I have to check on that.

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<v Speaker 3>After it announced its financial model for the year's twenty

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<v Speaker 3>twenty eight through twenty thirty at its twenty twenty six

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<v Speaker 3>investor day, send us targeting the following as part of

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<v Speaker 3>its outlook. Revenue growth in the mid to high teens

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<v Speaker 3>during that period. These non gap gross margins at about

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<v Speaker 3>eighty percent, target's non gap operating margin of about seventy

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<v Speaker 3>five percent. It goes on and on, but nonetheless, the

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<v Speaker 3>whole sector we saw higher. I got to mention Workday

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<v Speaker 3>as well, shares jumping intra day high of about thirty

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<v Speaker 3>percent after our Roy's report that private equity firm silver

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<v Speaker 3>Lake is and talks to purchase the software provider. So

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<v Speaker 3>again we saw this one moving dramatically. And then I'm

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<v Speaker 3>just going to throw in Birkenstocks, just something different, rallying

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<v Speaker 3>after the footwear maker boosted it's adjusted ebit of forecast

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<v Speaker 3>for the full year, and so we did see that

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<v Speaker 3>one also up just shy of twelve percent in today's session.

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<v Speaker 4>Okay, let's go to some of the decliners on the

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<v Speaker 4>day today. Cisco system shares down eight point four percent,

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<v Speaker 4>the biggest decline going back to earlier this year. Tick

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<v Speaker 4>our cs COO. This after the company projected seven and

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<v Speaker 4>a half billion dollars in aid data center salves school

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<v Speaker 4>year that disappointed investors. We talked to Wu Jinho from

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<v Speaker 4>Bloomberg Intelligence a little earlier. He said, for him, he

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<v Speaker 4>didn't think it was the aid data center sales out look.

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<v Speaker 4>He said it was more weakness in the company's product

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<v Speaker 4>in the product gross margin, but Nonetheless, Cisco Shriffes did

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<v Speaker 4>fall today by eight point four percent. I also want

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<v Speaker 4>to talk a little about Hurtz. Hurts Sharre is just

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<v Speaker 4>getting crushed today, down more than sixteen percent. This after

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<v Speaker 4>Pershing Square's chief investment opera the firm has sold at

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<v Speaker 4>stake in Hurtz. Pershing lost confidence in Hurston's management after

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<v Speaker 4>the firm andounts of funding plan that quote we did

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<v Speaker 4>not think was necessary. This is Ryan Israel over at

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<v Speaker 4>Pershing Square saying that the doctor op snaps a run

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<v Speaker 4>up for the last six six sessions after Wednesday's close.

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<v Speaker 4>Hertz's stocks has seen some wild swings over the course

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<v Speaker 4>of twenty twenty six, so some movement there, down sixteen percent.

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<v Speaker 4>And finally, let's talk ticketing and stub Hub stop hub

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<v Speaker 4>shares falling after the company set earnings per share for

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<v Speaker 4>the second quarter missed the average analyst estimate. The challenge

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<v Speaker 4>Heromain was with the World Cup. The company's forecast for

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<v Speaker 4>the full year underwhelmed, But I guess they had a

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<v Speaker 4>lot of ticketing challenges for the World Cup and people

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<v Speaker 4>weren't able to get access to tickets that they somehow

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<v Speaker 4>bought months in advance and stub Hub says that was

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<v Speaker 4>an issue with FIFA and now there are a lot

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<v Speaker 4>of customers complaining about this.

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<v Speaker 1>Yeah, I remember seeing all that online. I mean, who's

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<v Speaker 1>the blame? Who knows, but obviously still Hub taking the

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<v Speaker 1>blame at least based on the reaction and the shares today.

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<v Speaker 1>A quick look at yields, they are down across the

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<v Speaker 1>board here, down about four basis points on the long end,

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<v Speaker 1>five basis points on the short end. That benign PPI

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<v Speaker 1>report following a benign CPI report, giving the investors a

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<v Speaker 1>little bit of hope here for a bit more of

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<v Speaker 1>a bond rally. But keep in mind we also had

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<v Speaker 1>that thirty year auction today where the Treasury had to

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<v Speaker 1>pay up its highest yield on a thirty year auction

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<v Speaker 1>since two thousand and one.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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