WEBVTT - AMD Lower; Disney Climbs; Shopify Soars

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

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<v Speaker 2>This Stock Movers report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Tom Keen with Paul Sweeney and Bloomberg's Alexis Christopher's

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<v Speaker 1>stock Movers.

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<v Speaker 3>What do you have, guys? It is coming fast and

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<v Speaker 3>furious this morning. I want to start though with Disney

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<v Speaker 3>because it looks like it founded some magic again. A

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<v Speaker 3>surge and streaming, a strength in its theme park business

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<v Speaker 3>helped overall results last quarter, and the stock is getting

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<v Speaker 3>rewarded shares of Disney or hired this morning. So here

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<v Speaker 3>are some highlights from the earnings called Just Moments Ago,

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<v Speaker 3>with plans to add merchandise, games, and experiences to its

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<v Speaker 3>Disney Plus streaming service in the spring, and CEO Josh DeMarco,

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<v Speaker 3>which I have to get used to saying that now

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<v Speaker 3>with no more Bob Iger, he says, the NBA Finals

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<v Speaker 3>and the NHL of ESPN to its strongest Q three

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<v Speaker 3>viewership in about a decade. So they say. Disney says

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<v Speaker 3>it's highly focused on continuing to reduce costs, that. We

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<v Speaker 3>know they've had a number of job cut announcements over

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<v Speaker 3>the past couple of years. It seems like that's going

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<v Speaker 3>to continue as they try to rein in expenses and

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<v Speaker 3>also sort of buried in all of this, Disney said

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<v Speaker 3>it recorded a tariff refund of about one hundred million dollars,

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<v Speaker 3>so that's interesting. And if you remember, its rival, Comcast

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<v Speaker 3>came out with earnings recently and its Universal Resorts in

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<v Speaker 3>Orlando did not do very well. Yes, so it's a

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<v Speaker 3>little bit of a difference there. So Disney is definitely

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<v Speaker 3>doing something right. Okay, so let's move on to AMD

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<v Speaker 3>because that stock is up one hundred and forty two

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<v Speaker 3>percent so far this year, and this morning here in

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<v Speaker 3>the pre market down about nine percent. You know, every

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<v Speaker 3>metric it beat, and it beat big revenue and profits,

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<v Speaker 3>but apparently not enough to satisfy Wall streets, you know,

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<v Speaker 3>hunger for these you know these law numbers, and also

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<v Speaker 3>I guess hurting the stock a bit. Elon Musk came

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<v Speaker 3>out and said, you know what, SpaceX not going to

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<v Speaker 3>buy its chips from AMD anymore. They're going to go

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<v Speaker 3>over to rival in Vidia. He didn't really say why, though,

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<v Speaker 3>maybe they were more competitive on pricing.

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<v Speaker 1>I don't want to do buy hot cell here, That's

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<v Speaker 1>not our mandate. But I do want to remember Paul

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<v Speaker 1>Di Facebook cratered for a year after their IPO, and

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<v Speaker 1>then when they find their footing in a way, we go.

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<v Speaker 3>I'm not saying that could be a SpaceX so.

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<v Speaker 1>I'm not saying that. I'm just observing. If Facebook's IPO

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<v Speaker 1>was a crator for a year.

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<v Speaker 3>Well, you want to know lofty talk about lofty expectations.

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<v Speaker 3>Musk says he wants revenue where he believes revenue will

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<v Speaker 3>hit a trillion dollars by twenty thirty. Twenty thirty, yeah,

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<v Speaker 3>and he says AI is going to get them there. O,

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<v Speaker 3>let's go to pins. Is the ticker symbol we're talking Pinterest.

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<v Speaker 3>That is the image sharing platform that we know Tom

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<v Speaker 3>Keen is on all the time. We have to try

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<v Speaker 3>to get him off it delivering it. It's delivering eighteen

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<v Speaker 3>percent revenue growth, record users, six hundred and forty million

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<v Speaker 3>people on the pinterest. But the stock is sharply lower

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<v Speaker 3>this morning. Lukewarm sales guidance. That's what's tripping it up.

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<v Speaker 3>A lot of competition had said for digital advertising which

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<v Speaker 3>is basically its backbone, right, including from companies like Meta,

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<v Speaker 3>because a lot of the business that would go to

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<v Speaker 3>pinterest goes over to Meta's Instagram yep. Also during the call,

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<v Speaker 3>Pinterests CEO is saying that the World Cup ending and

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<v Speaker 3>Amazon's Prime Day moving to the second quarter actually impacted

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<v Speaker 3>its brand spending and thus its third quarter guidance. Yes,

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<v Speaker 3>so there you go the digital advertising them, and there's

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<v Speaker 3>a couple of monster monster platforms, and then everybody else

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<v Speaker 3>trying to fight for the crumbs. Yeah, and whatever the

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<v Speaker 3>crumbs are left, and everybody fights for the crumbs. All right,

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<v Speaker 3>let's talk Shopify shares jumping here. This is a Canadian

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<v Speaker 3>based e commerce giant reporting sharp growth in the second

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<v Speaker 3>quarter a more aggressive than expected forecast for the third quarter,

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<v Speaker 3>driven by gains both at subscription software and merchant services units.

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<v Speaker 3>So that's good. Free ash flow margin expected to be

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<v Speaker 3>in the high teens as well, So shares her up

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<v Speaker 3>twenty four percent right now in Shopify.

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<v Speaker 2>This stockmovers report from Bloomberg Radio. Check back with us

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