Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock mover's report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Master, Tim Stenebeck, Romain Bostik, and Scarlett fu Well.
Speaker 3: Let me take you through some of the gainers that
Speaker 3: I was watching over the course of the day. Netflix
Speaker 3: is one of them. NFLX, of course, and Greg Peters,
Speaker 3: the co CEO of that company, speaking at a Wall
Speaker 3: Street Journal event in London, expressing some optimism to hear
Speaker 3: about that company's ability to kind of weather the uncertainty
Speaker 3: that we're seeing all around the world because of trade talks.
Speaker 3: Of course, the President threatened to impose new tariffs on
Speaker 3: the filmmaking and movie making industry as well. He sag
Speaker 3: Netflix continues to be optimistic. It's going to make those
Speaker 3: movies overseas. It's going to stay the course, makes a
Speaker 3: lot of them in the United Kingdom where he was speaking,
Speaker 3: plans to invest more than a billion dollars over the
Speaker 3: next four years on shows and movies that are shot
Speaker 3: in Spain, continuing its focus on games. Golden another one
Speaker 3: I've been watching over the course of the day. Bank
Speaker 3: of America maintaining a buy on Goldben Sachs with a
Speaker 3: price target of seven hundred dollars. Again, the theme here
Speaker 3: is resilience in an uncertain environment and attributing a particular
Speaker 3: promise to its asset and wealth management business. The last
Speaker 3: gainer I'm flagging here is McKesson, it raising it's earning
Speaker 3: focus work forecast because of broad based operational momentum. Morgan
Speaker 3: Stanley maintain and overweight on McKesson, racing its price target
Speaker 3: from seven forty five to seven seventy again saying it's
Speaker 3: well positioned to manage risks.
Speaker 1: Kind I just had a couple of honorable mentions. Ochlo
Speaker 1: having a great day, their best day going back basically
Speaker 1: since they back to their highest levels, I should say,
Speaker 1: since they went public, and that's on the back of
Speaker 1: an announcement that they are going to be at the
Speaker 1: intended awardee of a new US Department of Defense contract.
Speaker 1: And also Voyager it went public today.
Speaker 4: Guys, really big name. I mean, we were seeing a
Speaker 4: lot of the shares surging today for a really good IPO.
Speaker 4: But let's look at some of the names that are
Speaker 4: in the red today. I had eyes on Lockheed Martin.
Speaker 4: This is, of course, of the US defense contractor. We
Speaker 4: saw shares down four point two percent. That's the biggest
Speaker 4: drop since April. And this is after the Bloomberg reported
Speaker 4: that the Air Force had cut its request in half
Speaker 4: its request to Congress for F thirty five jets. Of course,
Speaker 4: this is really weighing on defense contractors, not only Lockheed,
Speaker 4: but we were seeing some of its peers down as well.
Speaker 4: But I'm also looking at Chewy now. We saw shares
Speaker 4: of this company falling for their worst daily performance since
Speaker 4: August twenty twenty three. That's down eleven percent. This is
Speaker 4: an online pet food pet retailer, a lot of different
Speaker 4: foods that you can get there for your pets.
Speaker 5: But this is a companies too.
Speaker 1: Don't forget the treats.
Speaker 2: So see, I don't have a pet.
Speaker 4: I'm sorry. My pets are back in Virginia with the parents.
Speaker 4: But we did see gross margin and free cash flow
Speaker 4: falling short of expectations here, but it did reiterate its
Speaker 4: annual sales target. And lastly, another person, I'm a little
Speaker 4: bit of both. I'm not gonna lie, you know, I
Speaker 4: split I split the line here.
Speaker 1: I'm a dog person. I think Scarlett's dog person and
Speaker 1: you are Tim welcome coming. That was a was Alex
Speaker 1: Steele letting you know who what side she's on.
Speaker 4: I love it, I love it well. Also Vera Bradley,
Speaker 4: this is a name that a lot of people know
Speaker 4: in the retail space. We're seeing shares of that company
Speaker 4: falling for their worst stay since the pandemic twenty twenty,
Speaker 4: down for double digit losses, down nineteen percent. The company
Speaker 4: suspended as guidance, but also announced the departure of its CEO,
Speaker 4: So that polled guidance is really reflecting executive and board
Speaker 4: leadership changes and significant uncertainty consumer concerning the consumer environment
Speaker 4: there and.
Speaker 5: No surprise here, oklow is going to offer some stock?
Speaker 5: Makes sense, great day Bessons's ibo. Why not those bankers
Speaker 5: making some money on that. Okay, let's go to the
Speaker 5: bond market here. So buying all across the curve, less
Speaker 5: in the back end, more on the front end, the
Speaker 5: two year yield down by about seven basis points below
Speaker 5: that four percent level, you wind up having that benign
Speaker 5: CPI stops couldn't catch a sustained bid, but bonds could
Speaker 5: as yields move lower. The dollar though couldn't either, So
Speaker 5: that was a quite interesting dynamic.
Speaker 1: Yeah, kind of interesting too. We should point out as well,
Speaker 1: of course, you know, obviously the economic data that we're
Speaker 1: going to keep an eye on for the rest of
Speaker 1: the week with PPI tomorrow, and of course the consumer
Speaker 1: sent data coming out at the end of the week
Speaker 1: out of you miss but don't forget, we get some
Speaker 1: earnings too out of Oracle as well, So maybe another
Speaker 1: read after the bill today here on the AI trade, And.
Speaker 6: Don't forget you also have the third year bond auction
Speaker 6: tomorrow as well, which.
Speaker 3: Is going to be a big one.
Speaker 1: Yeah, well, did you see the ten year bond auction today?
Speaker 1: I was kind of that did come in a little
Speaker 1: bit less than what you saw coming into that as well. Here,
Speaker 1: I think Oracle guys is now crossing the wire. Let's
Speaker 1: get right to it. Here Oracle shares at least the
Speaker 1: knee jerk reaction, you see that right now to the upside.
Speaker 1: With fourth quarter adjusted EPs at a dollar seventy a share,
Speaker 1: that is a beat the street was looking for a
Speaker 1: dollar sixty four. Revenue also looks like it came in
Speaker 1: above street estimates fifteen point nine billion. The street was
Speaker 1: looking for fifteen point six cloud infrastructure in the most
Speaker 1: recent period, coming in just a touch light three billion dollars.
Speaker 1: The street was looking for three point seven billion dollars,
Speaker 1: and we should just point out margin in the most
Speaker 1: recent quarter that came in pretty much on the nose, guys,
Speaker 1: at forty four percent.
Speaker 6: All right, let's also get you a read on the
Speaker 6: consumer here. We're taking a look at Oxford Industries and
Speaker 6: I'm going to pull up the earnings right now OXFD.
Speaker 6: The results are as follows. Actually you know what, no, OhFM,
Speaker 6: Sorry guys, OXM Equity, this is really sard Yeah good,
Speaker 6: the more good were good? Okay. Oxford Industries first quarter
Speaker 6: justed EPs a dollar eighty two, beating the consensus assessment
Speaker 6: by one penny. In terms of the outlook here, second
Speaker 6: quarter net sales will be anywhere from three hundred ninety
Speaker 6: five to four hundred and fifteen million. Analysts we're looking
Speaker 6: for on average four hundred eleven million, and Oxford says
Speaker 6: it sees second quarter adjusted EPs of as much as
Speaker 6: a dollar twenty five, whereas analysts we're looking for two
Speaker 6: dollars and twenty one cents. I'm not sure if we're
Speaker 6: comparing likewood like here. But if we are that is
Speaker 6: a big miss on that outlook for the second quarter
Speaker 6: adjusted EPs said, you can see the stock right now
Speaker 6: down eight and a half percent in after our trading,
Speaker 6: And of course Oxford includes brands like Lilid, Pulitzer and
Speaker 6: Tommy Bahama.
Speaker 5: All right, going back to Oracle for a second, guys,
Speaker 5: because the stock is lower, But I mean the numbers
Speaker 5: are pretty good. And the CEO saying riy Elson that look,
Speaker 5: twenty twenty five was actually very good year, but they
Speaker 5: think twenty twenty six will be even better. Their cloud
Speaker 5: infrastructure growth rates expected to increase from fifty percent for
Speaker 5: its full year twenty twenty five to over seventy percent
Speaker 5: in the full year twenty.
Speaker 3: Six stood out to me as well. I was just
Speaker 3: going to pile on there and say that they're optimism.
Speaker 3: They're about the growth of cloud computing certainly coming through
Speaker 3: here in these earnings that we got this afternoon.
Speaker 4: Definitely, I mean, we're seeing a lot of these tech
Speaker 4: names really just roaring. I mean, I think we see
Speaker 4: Oracle as we're digesting a lot of these results. Focus
Speaker 4: is really on tech here.
Speaker 1: The focus is on tech here, and let's walk through
Speaker 1: some of the individual segments there, because that gives you,
Speaker 1: i think why maybe a little bit more of a
Speaker 1: sense of why we're seeing them down when we talk
Speaker 1: about that cloud service has been so it was still
Speaker 1: a growth rate of about fourteen percent, but some of
Speaker 1: the whisper numbers coming in was looking for something closer
Speaker 1: to twenty percent. Cloud licensed revenue that was up about
Speaker 1: nine point two percent. Hardware revenue, I'm not sure how
Speaker 1: much of important that is. That was up about a percent,
Speaker 1: but the services revenue was down and that was down
Speaker 1: about one point eight percent. That also came in below
Speaker 1: street estimates as well.
Speaker 6: And there's a comment here from Saffracast, the CEO, saying
Speaker 6: that fiscal year twenty twenty five was a very good year,
Speaker 6: but we believe twenty twenty six will be even better
Speaker 6: as our revenue growth rates will be dramatically higher. Again,
Speaker 6: dramatically higher. They're looking at total cloud growth rate applications
Speaker 6: plus infrastructure increasing from twenty four percent in fiscal year
Speaker 6: twenty five to over forty percent the next year.
Speaker 1: All right, of course, so we're gonna have to wait
Speaker 1: up for the earning's conference call to get a better
Speaker 1: read on the guidance going forward, as that of course,
Speaker 1: is not included fully into the release.
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