Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Tom Keen with Paul Sweeni and Bloomberg's Alexis Cristars.
Speaker 4: Right, guys, let's start with IBM. It is up about
Speaker 4: two percent here this morning. It says it has the
Speaker 4: blueprint for the next generation of tiny but mighty AI chips.
Speaker 4: It says it can deliver chips with fifty percent better
Speaker 4: performance and dramatically lower power consumption. To give you an
Speaker 4: idea of what this is all about, it says that
Speaker 4: it can cram more computing power into these smaller devices
Speaker 4: and pack about one hundred billion transistors onto a chip
Speaker 4: the size of a fingernail.
Speaker 1: I don't know what these people are doing, well, Seid
Speaker 1: and is there anybody not putting out these press releases
Speaker 1: like everybody's got the new wizbang use it technology on
Speaker 1: a pin of a needle.
Speaker 4: Currently this is the smallest and fastest, so it's amazing.
Speaker 5: I at least till Friday, has so many patents They
Speaker 5: come up with so much new technology even today. I
Speaker 5: mean they do it year in and year out. You
Speaker 5: talk about all the new tech companies out there, but
Speaker 5: IBM from a research perspective, they just crush it.
Speaker 4: But I do have to say that it's not ready
Speaker 4: for industrial use yet. They said they see a path
Speaker 4: to production in about five years, and they say what
Speaker 4: does this mean? Because I'm like, okay, well what does
Speaker 4: this really mean. More transistors mean faster and more powerful
Speaker 4: computing can help drive advances like faster smartphones, laptops, more
Speaker 4: efficient data centers, better self driving cars, all that good stuff.
Speaker 3: The chart from till twenty twenty two, they're sleep and
Speaker 3: then boom up they go.
Speaker 4: Exactly and then the stock is down eleven percent year
Speaker 4: to date. So that's not accounting for this rise we're
Speaker 4: seeing pre market. We have got McCormick. Let's move over
Speaker 4: to the spices world. McCormick. It was up earlier this morning.
Speaker 4: It's now up about one percent, but down thirty percent
Speaker 4: year to date, so it's been a tough twenty twenty
Speaker 4: six from McCormick. This is, of course, the Spit spices
Speaker 4: and seasonings maker. It makes Chilulu hot sauce, Chilula Chilula
Speaker 4: hot sauce. The red and green French is Mustard Frank's
Speaker 4: Red Hot. I like that. Said, Adjusted earnings per share
Speaker 4: reached eighty cents. That topped estimates. It set a tara
Speaker 4: free fund helped to reduce costs of goods by twenty
Speaker 4: eight million dollars. We're hearing more and more of that
Speaker 4: now from companies talking about those tariffree funds and what
Speaker 4: it meant to their bottom line. Also, McCormick reaffirmed its
Speaker 4: full year guidance. The company saw slower growth, though in
Speaker 4: spices and seasonings because quote, people were using more of
Speaker 4: what's in their pantry. You know one thing about it.
Speaker 4: How long do you have your spices?
Speaker 2: Fortson for divorce forever?
Speaker 3: Oh my god? She throws them.
Speaker 5: Out, Well is it less going?
Speaker 3: Looks like the expiration and goes this this, you know,
Speaker 3: some unpronounceable spice. Right, it is like three years has
Speaker 3: cell date.
Speaker 5: It's fine, I'll go it's fine. We can use the
Speaker 5: hot sauce. Maybe not as potent. Yeah, I don't understand
Speaker 5: the hot sauce wave. All the kids they have it
Speaker 5: at their desk, they have it with them it's almost
Speaker 5: like their water bottle and sauce. And so you go
Speaker 5: to a restaurant and there's not a ketchup on the table,
Speaker 5: there's hot sauces.
Speaker 3: It's good if I walk around with a water bottle,
Speaker 3: it has a martinianuse.
Speaker 1: They can do that as a hydration.
Speaker 5: Yeah, we do that at Patria.
Speaker 3: Next.
Speaker 4: All right, what else? Oh, let's stick with food darden restaurants.
Speaker 2: All right?
Speaker 4: This stop taking it on the chin here. Down three
Speaker 4: and a half percent in the pre market same store
Speaker 4: sales at Olive Garden, trailing expectations, and they say it's
Speaker 4: raising questions about demand at the company's largest chain. And
Speaker 4: it actually overshadowed really an earnings report that was better
Speaker 4: than expected. Overall, so Olive Garden fourth quarter same store
Speaker 4: sales growth two point four percent, a four percentage lower
Speaker 4: than expected. U. This suggests that promotions and lighter portions
Speaker 4: were not enough to offset pressure on lower and middle
Speaker 4: income consumers. You remember they used to have those humongous
Speaker 4: portions which were in some ways on appetizing. Yeah, they
Speaker 4: actually pulled back on that.
Speaker 2: Yeah.
Speaker 5: I've seen a lot of on air stuff of European
Speaker 5: soccer fans in the US being interviewed. Yeah, and one
Speaker 5: thing they always say is all your portions here are.
Speaker 4: Big, because they are. But I do want to point
Speaker 4: out Longhorn Steakhouse doing really well, continuing to benefit from
Speaker 4: strong demand, even those stake prices you're so high. So
Speaker 4: that's what sort of buttress starred.
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