Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tom Keen with Paul Sweeney and Bloomberg's Alexis Christopher's
Speaker 1: stock Movers.
Speaker 3: What do you have, guys? It is coming fast and
Speaker 3: furious this morning. I want to start though with Disney
Speaker 3: because it looks like it founded some magic again. A
Speaker 3: surge and streaming, a strength in its theme park business
Speaker 3: helped overall results last quarter, and the stock is getting
Speaker 3: rewarded shares of Disney or hired this morning. So here
Speaker 3: are some highlights from the earnings called Just Moments Ago,
Speaker 3: with plans to add merchandise, games, and experiences to its
Speaker 3: Disney Plus streaming service in the spring, and CEO Josh DeMarco,
Speaker 3: which I have to get used to saying that now
Speaker 3: with no more Bob Iger, he says, the NBA Finals
Speaker 3: and the NHL of ESPN to its strongest Q three
Speaker 3: viewership in about a decade. So they say. Disney says
Speaker 3: it's highly focused on continuing to reduce costs, that. We
Speaker 3: know they've had a number of job cut announcements over
Speaker 3: the past couple of years. It seems like that's going
Speaker 3: to continue as they try to rein in expenses and
Speaker 3: also sort of buried in all of this, Disney said
Speaker 3: it recorded a tariff refund of about one hundred million dollars,
Speaker 3: so that's interesting. And if you remember, its rival, Comcast
Speaker 3: came out with earnings recently and its Universal Resorts in
Speaker 3: Orlando did not do very well. Yes, so it's a
Speaker 3: little bit of a difference there. So Disney is definitely
Speaker 3: doing something right. Okay, so let's move on to AMD
Speaker 3: because that stock is up one hundred and forty two
Speaker 3: percent so far this year, and this morning here in
Speaker 3: the pre market down about nine percent. You know, every
Speaker 3: metric it beat, and it beat big revenue and profits,
Speaker 3: but apparently not enough to satisfy Wall streets, you know,
Speaker 3: hunger for these you know these law numbers, and also
Speaker 3: I guess hurting the stock a bit. Elon Musk came
Speaker 3: out and said, you know what, SpaceX not going to
Speaker 3: buy its chips from AMD anymore. They're going to go
Speaker 3: over to rival in Vidia. He didn't really say why, though,
Speaker 3: maybe they were more competitive on pricing.
Speaker 1: I don't want to do buy hot cell here, That's
Speaker 1: not our mandate. But I do want to remember Paul
Speaker 1: Di Facebook cratered for a year after their IPO, and
Speaker 1: then when they find their footing in a way, we go.
Speaker 3: I'm not saying that could be a SpaceX so.
Speaker 1: I'm not saying that. I'm just observing. If Facebook's IPO
Speaker 1: was a crator for a year.
Speaker 3: Well, you want to know lofty talk about lofty expectations.
Speaker 3: Musk says he wants revenue where he believes revenue will
Speaker 3: hit a trillion dollars by twenty thirty. Twenty thirty, yeah,
Speaker 3: and he says AI is going to get them there. O,
Speaker 3: let's go to pins. Is the ticker symbol we're talking Pinterest.
Speaker 3: That is the image sharing platform that we know Tom
Speaker 3: Keen is on all the time. We have to try
Speaker 3: to get him off it delivering it. It's delivering eighteen
Speaker 3: percent revenue growth, record users, six hundred and forty million
Speaker 3: people on the pinterest. But the stock is sharply lower
Speaker 3: this morning. Lukewarm sales guidance. That's what's tripping it up.
Speaker 3: A lot of competition had said for digital advertising which
Speaker 3: is basically its backbone, right, including from companies like Meta,
Speaker 3: because a lot of the business that would go to
Speaker 3: pinterest goes over to Meta's Instagram yep. Also during the call,
Speaker 3: Pinterests CEO is saying that the World Cup ending and
Speaker 3: Amazon's Prime Day moving to the second quarter actually impacted
Speaker 3: its brand spending and thus its third quarter guidance. Yes,
Speaker 3: so there you go the digital advertising them, and there's
Speaker 3: a couple of monster monster platforms, and then everybody else
Speaker 3: trying to fight for the crumbs. Yeah, and whatever the
Speaker 3: crumbs are left, and everybody fights for the crumbs. All right,
Speaker 3: let's talk Shopify shares jumping here. This is a Canadian
Speaker 3: based e commerce giant reporting sharp growth in the second
Speaker 3: quarter a more aggressive than expected forecast for the third quarter,
Speaker 3: driven by gains both at subscription software and merchant services units.
Speaker 3: So that's good. Free ash flow margin expected to be
Speaker 3: in the high teens as well, So shares her up
Speaker 3: twenty four percent right now in Shopify.
Speaker 2: This stockmovers report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
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