1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,600 --> 00:00:16,560 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:22,680 Speaker 2: with Carol Master, Tim Stenebeck, Romain Bostik, and Scarlett fu Well. 5 00:00:22,760 --> 00:00:24,000 Speaker 3: Let me take you through some of the gainers that 6 00:00:24,040 --> 00:00:25,840 Speaker 3: I was watching over the course of the day. Netflix 7 00:00:26,120 --> 00:00:28,560 Speaker 3: is one of them. NFLX, of course, and Greg Peters, 8 00:00:28,560 --> 00:00:30,280 Speaker 3: the co CEO of that company, speaking at a Wall 9 00:00:30,320 --> 00:00:33,400 Speaker 3: Street Journal event in London, expressing some optimism to hear 10 00:00:33,400 --> 00:00:36,159 Speaker 3: about that company's ability to kind of weather the uncertainty 11 00:00:36,200 --> 00:00:38,840 Speaker 3: that we're seeing all around the world because of trade talks. 12 00:00:38,880 --> 00:00:41,280 Speaker 3: Of course, the President threatened to impose new tariffs on 13 00:00:41,320 --> 00:00:44,560 Speaker 3: the filmmaking and movie making industry as well. He sag 14 00:00:44,640 --> 00:00:47,600 Speaker 3: Netflix continues to be optimistic. It's going to make those 15 00:00:47,600 --> 00:00:49,960 Speaker 3: movies overseas. It's going to stay the course, makes a 16 00:00:49,960 --> 00:00:51,920 Speaker 3: lot of them in the United Kingdom where he was speaking, 17 00:00:52,120 --> 00:00:54,200 Speaker 3: plans to invest more than a billion dollars over the 18 00:00:54,200 --> 00:00:56,600 Speaker 3: next four years on shows and movies that are shot 19 00:00:56,960 --> 00:01:00,720 Speaker 3: in Spain, continuing its focus on games. Golden another one 20 00:01:00,720 --> 00:01:02,720 Speaker 3: I've been watching over the course of the day. Bank 21 00:01:02,760 --> 00:01:05,040 Speaker 3: of America maintaining a buy on Goldben Sachs with a 22 00:01:05,080 --> 00:01:07,480 Speaker 3: price target of seven hundred dollars. Again, the theme here 23 00:01:07,600 --> 00:01:12,240 Speaker 3: is resilience in an uncertain environment and attributing a particular 24 00:01:12,240 --> 00:01:15,280 Speaker 3: promise to its asset and wealth management business. The last 25 00:01:15,319 --> 00:01:18,160 Speaker 3: gainer I'm flagging here is McKesson, it raising it's earning 26 00:01:18,160 --> 00:01:22,280 Speaker 3: focus work forecast because of broad based operational momentum. Morgan 27 00:01:22,360 --> 00:01:25,119 Speaker 3: Stanley maintain and overweight on McKesson, racing its price target 28 00:01:25,200 --> 00:01:28,039 Speaker 3: from seven forty five to seven seventy again saying it's 29 00:01:28,040 --> 00:01:29,800 Speaker 3: well positioned to manage risks. 30 00:01:29,880 --> 00:01:31,839 Speaker 1: Kind I just had a couple of honorable mentions. Ochlo 31 00:01:31,959 --> 00:01:34,920 Speaker 1: having a great day, their best day going back basically 32 00:01:35,040 --> 00:01:37,600 Speaker 1: since they back to their highest levels, I should say, 33 00:01:37,760 --> 00:01:39,640 Speaker 1: since they went public, and that's on the back of 34 00:01:39,680 --> 00:01:41,280 Speaker 1: an announcement that they are going to be at the 35 00:01:41,319 --> 00:01:44,600 Speaker 1: intended awardee of a new US Department of Defense contract. 36 00:01:44,880 --> 00:01:46,760 Speaker 1: And also Voyager it went public today. 37 00:01:46,560 --> 00:01:48,840 Speaker 4: Guys, really big name. I mean, we were seeing a 38 00:01:48,840 --> 00:01:51,880 Speaker 4: lot of the shares surging today for a really good IPO. 39 00:01:51,880 --> 00:01:53,160 Speaker 4: But let's look at some of the names that are 40 00:01:53,160 --> 00:01:56,280 Speaker 4: in the red today. I had eyes on Lockheed Martin. 41 00:01:56,320 --> 00:01:58,880 Speaker 4: This is, of course, of the US defense contractor. We 42 00:01:58,960 --> 00:02:02,320 Speaker 4: saw shares down four point two percent. That's the biggest 43 00:02:02,440 --> 00:02:05,320 Speaker 4: drop since April. And this is after the Bloomberg reported 44 00:02:05,320 --> 00:02:08,120 Speaker 4: that the Air Force had cut its request in half 45 00:02:08,200 --> 00:02:11,360 Speaker 4: its request to Congress for F thirty five jets. Of course, 46 00:02:11,360 --> 00:02:13,919 Speaker 4: this is really weighing on defense contractors, not only Lockheed, 47 00:02:13,960 --> 00:02:16,239 Speaker 4: but we were seeing some of its peers down as well. 48 00:02:16,440 --> 00:02:18,880 Speaker 4: But I'm also looking at Chewy now. We saw shares 49 00:02:18,919 --> 00:02:22,440 Speaker 4: of this company falling for their worst daily performance since 50 00:02:22,520 --> 00:02:26,040 Speaker 4: August twenty twenty three. That's down eleven percent. This is 51 00:02:26,080 --> 00:02:29,480 Speaker 4: an online pet food pet retailer, a lot of different 52 00:02:29,480 --> 00:02:31,200 Speaker 4: foods that you can get there for your pets. 53 00:02:31,360 --> 00:02:32,600 Speaker 5: But this is a companies too. 54 00:02:32,960 --> 00:02:33,799 Speaker 1: Don't forget the treats. 55 00:02:34,200 --> 00:02:35,640 Speaker 2: So see, I don't have a pet. 56 00:02:35,680 --> 00:02:38,440 Speaker 4: I'm sorry. My pets are back in Virginia with the parents. 57 00:02:38,480 --> 00:02:42,079 Speaker 4: But we did see gross margin and free cash flow 58 00:02:42,120 --> 00:02:45,480 Speaker 4: falling short of expectations here, but it did reiterate its 59 00:02:45,480 --> 00:02:50,120 Speaker 4: annual sales target. And lastly, another person, I'm a little 60 00:02:50,120 --> 00:02:51,800 Speaker 4: bit of both. I'm not gonna lie, you know, I 61 00:02:51,880 --> 00:02:53,240 Speaker 4: split I split the line here. 62 00:02:53,520 --> 00:02:55,760 Speaker 1: I'm a dog person. I think Scarlett's dog person and 63 00:02:55,840 --> 00:02:58,400 Speaker 1: you are Tim welcome coming. That was a was Alex 64 00:02:58,440 --> 00:03:00,880 Speaker 1: Steele letting you know who what side she's on. 65 00:03:01,160 --> 00:03:03,760 Speaker 4: I love it, I love it well. Also Vera Bradley, 66 00:03:03,800 --> 00:03:05,280 Speaker 4: this is a name that a lot of people know 67 00:03:05,360 --> 00:03:07,720 Speaker 4: in the retail space. We're seeing shares of that company 68 00:03:07,800 --> 00:03:10,280 Speaker 4: falling for their worst stay since the pandemic twenty twenty, 69 00:03:10,480 --> 00:03:13,440 Speaker 4: down for double digit losses, down nineteen percent. The company 70 00:03:13,520 --> 00:03:17,040 Speaker 4: suspended as guidance, but also announced the departure of its CEO, 71 00:03:17,400 --> 00:03:20,160 Speaker 4: So that polled guidance is really reflecting executive and board 72 00:03:20,200 --> 00:03:24,840 Speaker 4: leadership changes and significant uncertainty consumer concerning the consumer environment 73 00:03:24,880 --> 00:03:25,320 Speaker 4: there and. 74 00:03:25,320 --> 00:03:27,320 Speaker 5: No surprise here, oklow is going to offer some stock? 75 00:03:27,639 --> 00:03:31,880 Speaker 5: Makes sense, great day Bessons's ibo. Why not those bankers 76 00:03:32,080 --> 00:03:33,480 Speaker 5: making some money on that. Okay, let's go to the 77 00:03:33,520 --> 00:03:35,920 Speaker 5: bond market here. So buying all across the curve, less 78 00:03:35,920 --> 00:03:37,120 Speaker 5: in the back end, more on the front end, the 79 00:03:37,120 --> 00:03:39,520 Speaker 5: two year yield down by about seven basis points below 80 00:03:39,840 --> 00:03:42,440 Speaker 5: that four percent level, you wind up having that benign 81 00:03:42,560 --> 00:03:46,240 Speaker 5: CPI stops couldn't catch a sustained bid, but bonds could 82 00:03:46,480 --> 00:03:49,680 Speaker 5: as yields move lower. The dollar though couldn't either, So 83 00:03:49,680 --> 00:03:51,080 Speaker 5: that was a quite interesting dynamic. 84 00:03:51,240 --> 00:03:53,640 Speaker 1: Yeah, kind of interesting too. We should point out as well, 85 00:03:53,880 --> 00:03:55,920 Speaker 1: of course, you know, obviously the economic data that we're 86 00:03:55,920 --> 00:03:57,520 Speaker 1: going to keep an eye on for the rest of 87 00:03:57,560 --> 00:03:59,680 Speaker 1: the week with PPI tomorrow, and of course the consumer 88 00:03:59,680 --> 00:04:02,280 Speaker 1: sent data coming out at the end of the week 89 00:04:02,400 --> 00:04:04,080 Speaker 1: out of you miss but don't forget, we get some 90 00:04:04,080 --> 00:04:06,280 Speaker 1: earnings too out of Oracle as well, So maybe another 91 00:04:06,320 --> 00:04:10,200 Speaker 1: read after the bill today here on the AI trade, And. 92 00:04:10,120 --> 00:04:12,120 Speaker 6: Don't forget you also have the third year bond auction 93 00:04:12,200 --> 00:04:13,360 Speaker 6: tomorrow as well, which. 94 00:04:13,200 --> 00:04:13,960 Speaker 3: Is going to be a big one. 95 00:04:14,080 --> 00:04:16,120 Speaker 1: Yeah, well, did you see the ten year bond auction today? 96 00:04:16,120 --> 00:04:17,640 Speaker 1: I was kind of that did come in a little 97 00:04:17,680 --> 00:04:20,920 Speaker 1: bit less than what you saw coming into that as well. Here, 98 00:04:21,040 --> 00:04:23,880 Speaker 1: I think Oracle guys is now crossing the wire. Let's 99 00:04:23,880 --> 00:04:26,240 Speaker 1: get right to it. Here Oracle shares at least the 100 00:04:26,320 --> 00:04:29,360 Speaker 1: knee jerk reaction, you see that right now to the upside. 101 00:04:29,360 --> 00:04:33,200 Speaker 1: With fourth quarter adjusted EPs at a dollar seventy a share, 102 00:04:33,200 --> 00:04:34,880 Speaker 1: that is a beat the street was looking for a 103 00:04:34,920 --> 00:04:37,839 Speaker 1: dollar sixty four. Revenue also looks like it came in 104 00:04:37,880 --> 00:04:40,920 Speaker 1: above street estimates fifteen point nine billion. The street was 105 00:04:40,920 --> 00:04:44,080 Speaker 1: looking for fifteen point six cloud infrastructure in the most 106 00:04:44,080 --> 00:04:47,440 Speaker 1: recent period, coming in just a touch light three billion dollars. 107 00:04:47,440 --> 00:04:50,800 Speaker 1: The street was looking for three point seven billion dollars, 108 00:04:50,960 --> 00:04:52,960 Speaker 1: and we should just point out margin in the most 109 00:04:52,960 --> 00:04:55,920 Speaker 1: recent quarter that came in pretty much on the nose, guys, 110 00:04:56,000 --> 00:04:57,440 Speaker 1: at forty four percent. 111 00:04:57,560 --> 00:04:59,279 Speaker 6: All right, let's also get you a read on the 112 00:04:59,320 --> 00:05:02,440 Speaker 6: consumer here. We're taking a look at Oxford Industries and 113 00:05:02,440 --> 00:05:05,400 Speaker 6: I'm going to pull up the earnings right now OXFD. 114 00:05:05,560 --> 00:05:09,960 Speaker 6: The results are as follows. Actually you know what, no, OhFM, 115 00:05:10,080 --> 00:05:14,080 Speaker 6: Sorry guys, OXM Equity, this is really sard Yeah good, 116 00:05:14,279 --> 00:05:16,640 Speaker 6: the more good were good? Okay. Oxford Industries first quarter 117 00:05:16,839 --> 00:05:19,600 Speaker 6: justed EPs a dollar eighty two, beating the consensus assessment 118 00:05:19,640 --> 00:05:23,360 Speaker 6: by one penny. In terms of the outlook here, second 119 00:05:23,440 --> 00:05:25,880 Speaker 6: quarter net sales will be anywhere from three hundred ninety 120 00:05:25,920 --> 00:05:28,720 Speaker 6: five to four hundred and fifteen million. Analysts we're looking 121 00:05:28,720 --> 00:05:32,159 Speaker 6: for on average four hundred eleven million, and Oxford says 122 00:05:32,160 --> 00:05:35,320 Speaker 6: it sees second quarter adjusted EPs of as much as 123 00:05:35,360 --> 00:05:37,960 Speaker 6: a dollar twenty five, whereas analysts we're looking for two 124 00:05:38,000 --> 00:05:39,760 Speaker 6: dollars and twenty one cents. I'm not sure if we're 125 00:05:39,760 --> 00:05:42,320 Speaker 6: comparing likewood like here. But if we are that is 126 00:05:42,360 --> 00:05:44,520 Speaker 6: a big miss on that outlook for the second quarter 127 00:05:44,520 --> 00:05:47,040 Speaker 6: adjusted EPs said, you can see the stock right now 128 00:05:47,080 --> 00:05:49,320 Speaker 6: down eight and a half percent in after our trading, 129 00:05:49,320 --> 00:05:52,120 Speaker 6: And of course Oxford includes brands like Lilid, Pulitzer and 130 00:05:52,160 --> 00:05:53,040 Speaker 6: Tommy Bahama. 131 00:05:53,120 --> 00:05:54,840 Speaker 5: All right, going back to Oracle for a second, guys, 132 00:05:54,880 --> 00:05:57,240 Speaker 5: because the stock is lower, But I mean the numbers 133 00:05:57,240 --> 00:05:59,880 Speaker 5: are pretty good. And the CEO saying riy Elson that look, 134 00:06:00,880 --> 00:06:02,960 Speaker 5: twenty twenty five was actually very good year, but they 135 00:06:02,960 --> 00:06:05,880 Speaker 5: think twenty twenty six will be even better. Their cloud 136 00:06:05,880 --> 00:06:08,840 Speaker 5: infrastructure growth rates expected to increase from fifty percent for 137 00:06:08,880 --> 00:06:11,599 Speaker 5: its full year twenty twenty five to over seventy percent 138 00:06:11,920 --> 00:06:13,480 Speaker 5: in the full year twenty. 139 00:06:13,160 --> 00:06:15,400 Speaker 3: Six stood out to me as well. I was just 140 00:06:15,400 --> 00:06:16,960 Speaker 3: going to pile on there and say that they're optimism. 141 00:06:16,960 --> 00:06:19,880 Speaker 3: They're about the growth of cloud computing certainly coming through 142 00:06:19,920 --> 00:06:21,400 Speaker 3: here in these earnings that we got this afternoon. 143 00:06:21,560 --> 00:06:23,360 Speaker 4: Definitely, I mean, we're seeing a lot of these tech 144 00:06:23,400 --> 00:06:26,000 Speaker 4: names really just roaring. I mean, I think we see 145 00:06:26,000 --> 00:06:28,960 Speaker 4: Oracle as we're digesting a lot of these results. Focus 146 00:06:29,080 --> 00:06:30,000 Speaker 4: is really on tech here. 147 00:06:30,240 --> 00:06:32,640 Speaker 1: The focus is on tech here, and let's walk through 148 00:06:32,880 --> 00:06:35,640 Speaker 1: some of the individual segments there, because that gives you, 149 00:06:35,680 --> 00:06:37,200 Speaker 1: i think why maybe a little bit more of a 150 00:06:37,240 --> 00:06:39,040 Speaker 1: sense of why we're seeing them down when we talk 151 00:06:39,040 --> 00:06:40,880 Speaker 1: about that cloud service has been so it was still 152 00:06:40,920 --> 00:06:43,160 Speaker 1: a growth rate of about fourteen percent, but some of 153 00:06:43,160 --> 00:06:45,440 Speaker 1: the whisper numbers coming in was looking for something closer 154 00:06:45,440 --> 00:06:48,160 Speaker 1: to twenty percent. Cloud licensed revenue that was up about 155 00:06:48,240 --> 00:06:51,200 Speaker 1: nine point two percent. Hardware revenue, I'm not sure how 156 00:06:51,279 --> 00:06:53,520 Speaker 1: much of important that is. That was up about a percent, 157 00:06:53,680 --> 00:06:55,719 Speaker 1: but the services revenue was down and that was down 158 00:06:55,720 --> 00:06:58,320 Speaker 1: about one point eight percent. That also came in below 159 00:06:58,320 --> 00:06:59,960 Speaker 1: street estimates as well. 160 00:07:00,120 --> 00:07:02,880 Speaker 6: And there's a comment here from Saffracast, the CEO, saying 161 00:07:02,880 --> 00:07:05,080 Speaker 6: that fiscal year twenty twenty five was a very good year, 162 00:07:05,160 --> 00:07:07,560 Speaker 6: but we believe twenty twenty six will be even better 163 00:07:07,560 --> 00:07:10,920 Speaker 6: as our revenue growth rates will be dramatically higher. Again, 164 00:07:11,000 --> 00:07:14,200 Speaker 6: dramatically higher. They're looking at total cloud growth rate applications 165 00:07:14,200 --> 00:07:18,040 Speaker 6: plus infrastructure increasing from twenty four percent in fiscal year 166 00:07:18,080 --> 00:07:20,400 Speaker 6: twenty five to over forty percent the next year. 167 00:07:20,520 --> 00:07:21,920 Speaker 1: All right, of course, so we're gonna have to wait 168 00:07:22,000 --> 00:07:23,800 Speaker 1: up for the earning's conference call to get a better 169 00:07:23,840 --> 00:07:26,360 Speaker 1: read on the guidance going forward, as that of course, 170 00:07:26,480 --> 00:07:29,680 Speaker 1: is not included fully into the release. 171 00:07:30,800 --> 00:07:34,840 Speaker 2: This stock mover's report from Bloomberg Radio. 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