1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:16,239 Speaker 2: in the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:18,720 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,760 --> 00:00:21,840 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis on a 6 00:00:21,880 --> 00:00:26,480 Speaker 1: morning where bank earnings continue in the regionals. We heard 7 00:00:26,480 --> 00:00:30,640 Speaker 1: from PNC Bank this morning. Dan had to look morning, Nathan. 8 00:00:30,760 --> 00:00:34,080 Speaker 3: Yeah, the PNC came out with fourth quarter earnings. The 9 00:00:34,200 --> 00:00:37,000 Speaker 3: six point one billion dollars in revenue, the four dollars 10 00:00:37,000 --> 00:00:41,800 Speaker 3: in eighty eight per share earnings both beat estimates. That's 11 00:00:41,880 --> 00:00:44,440 Speaker 3: driving the stock hire just under two percent in the 12 00:00:44,479 --> 00:00:47,400 Speaker 3: pre market. The revenue was driven by a strong deal 13 00:00:47,440 --> 00:00:50,479 Speaker 3: making and financing for so called middle market customers, and 14 00:00:50,479 --> 00:00:53,880 Speaker 3: that's just a fancy name for mid sized businesses. CEO 15 00:00:53,880 --> 00:00:57,040 Speaker 3: commented last month that middle market activity is expanding, and 16 00:00:57,080 --> 00:01:00,000 Speaker 3: that's after months and months of those companies getting sideline 17 00:01:00,400 --> 00:01:04,679 Speaker 3: because of terrace Tariff's expenses just slightly higher than estimates. 18 00:01:04,880 --> 00:01:06,880 Speaker 3: That's an area that's been under scrutiny this week. I'm 19 00:01:06,880 --> 00:01:09,039 Speaker 3: in all the bank earnings we've been talking about every morning, 20 00:01:09,160 --> 00:01:12,120 Speaker 3: but traders giving that stock of pass giving a nice 21 00:01:12,160 --> 00:01:13,160 Speaker 3: lift in the pre market. 22 00:01:13,360 --> 00:01:16,759 Speaker 1: We also got earnings from JB Hunt. A different story there. 23 00:01:17,440 --> 00:01:19,840 Speaker 3: Yeah, so that's a trucking company. If you're listening to 24 00:01:19,880 --> 00:01:21,600 Speaker 3: this on your morning commute, you may see one of 25 00:01:21,640 --> 00:01:24,560 Speaker 3: those trucks around you. Those shares are down five percent. 26 00:01:24,600 --> 00:01:29,240 Speaker 3: Tiger JBHT. The company reported third quarter fiscal third quarter 27 00:01:30,040 --> 00:01:32,800 Speaker 3: sales yesterday of three point one billion dollars. That was 28 00:01:33,000 --> 00:01:36,440 Speaker 3: just short of estimates. The company handled fewer long haul 29 00:01:36,520 --> 00:01:39,240 Speaker 3: coast to coast shipments, so there's weakness in the longer 30 00:01:39,319 --> 00:01:43,480 Speaker 3: distance shipping. There was some demand in the shorter routes. 31 00:01:43,880 --> 00:01:48,040 Speaker 3: Company has been cutting coughs that helped offset the offset 32 00:01:48,080 --> 00:01:50,600 Speaker 3: some of those costs and deliver an earnings beat. The 33 00:01:50,640 --> 00:01:54,040 Speaker 3: industry generally struggling with shops with soft shipping demand and 34 00:01:54,080 --> 00:01:57,080 Speaker 3: over supply of trucking. Jbhunt is a bell weather for 35 00:01:57,160 --> 00:02:00,840 Speaker 3: the industry. A few more competitors to come out. Competitor 36 00:02:00,880 --> 00:02:03,360 Speaker 3: Schneider Electric down just a little bit in pre market 37 00:02:03,360 --> 00:02:06,080 Speaker 3: off of this. JB Hunt down in this morning, but 38 00:02:06,280 --> 00:02:08,480 Speaker 3: it should be noted it's up over It's up fifty 39 00:02:08,480 --> 00:02:10,120 Speaker 3: percent since it last report earnings. 40 00:02:10,280 --> 00:02:12,440 Speaker 1: Now you got novin Ordisk on your list as well. 41 00:02:12,760 --> 00:02:15,680 Speaker 1: Some positive headlines for the wagovie maker. 42 00:02:16,280 --> 00:02:18,680 Speaker 3: That's right down, down for a few days. The ADR 43 00:02:18,760 --> 00:02:20,800 Speaker 3: is down for three straight days, and they are getting 44 00:02:20,800 --> 00:02:22,840 Speaker 3: a nice pop in the pre market, up five percent 45 00:02:22,919 --> 00:02:27,480 Speaker 3: underticker Envo. The UK regulator has approved a higher dose 46 00:02:27,520 --> 00:02:31,400 Speaker 3: of we goov for patients with obesity. Novo has also 47 00:02:31,440 --> 00:02:35,240 Speaker 3: gotten some positive analyst commentary. Barren bergsy's higher than expected 48 00:02:35,240 --> 00:02:38,680 Speaker 3: sales offsetting US price cuts. Bank of America is optimistic 49 00:02:38,720 --> 00:02:40,800 Speaker 3: that the new we govy pill launched and the stronger 50 00:02:40,840 --> 00:02:45,560 Speaker 3: injectable version quote may shift sentiment end quote. Novo does 51 00:02:45,600 --> 00:02:48,200 Speaker 3: have the competitor Eli Lilly, and this strong news for 52 00:02:48,240 --> 00:02:50,920 Speaker 3: Novo's setting. Eli Lily shares down about one percent in 53 00:02:50,960 --> 00:02:51,600 Speaker 3: the pre market. 54 00:02:51,800 --> 00:02:54,080 Speaker 1: Now, we've seen a lift to the AI trade in 55 00:02:54,120 --> 00:02:56,880 Speaker 1: recent days, but it looks like analysts are giving at 56 00:02:56,960 --> 00:02:58,839 Speaker 1: least one tech company a second look. 57 00:02:59,680 --> 00:03:03,480 Speaker 3: Yeah, so that's Hewlett Packard HP. That's the computer maker 58 00:03:03,800 --> 00:03:07,840 Speaker 3: it was cut to sell out. CFRA sees anemic growth 59 00:03:07,960 --> 00:03:12,080 Speaker 3: for the business. CFRA also is noting margin compression from 60 00:03:12,160 --> 00:03:16,560 Speaker 3: higher memory price prices and says that that could really 61 00:03:16,639 --> 00:03:18,920 Speaker 3: hurt what the companies are taking home beyond what the 62 00:03:18,960 --> 00:03:21,600 Speaker 3: current guidance is. And that also brings me to two 63 00:03:21,680 --> 00:03:24,840 Speaker 3: other movers in the market, sand Disk Micron, both of 64 00:03:24,880 --> 00:03:27,240 Speaker 3: those up five percent. I feel like I'm talking about 65 00:03:27,240 --> 00:03:29,840 Speaker 3: this every morning. Every morning, They're more and more. It's 66 00:03:30,240 --> 00:03:32,720 Speaker 3: just a narrative that will not stop. So those are 67 00:03:32,800 --> 00:03:35,480 Speaker 3: making the memory chips, they are getting, you know, the 68 00:03:35,520 --> 00:03:37,880 Speaker 3: benefit of the higher prices that they are passing along 69 00:03:37,920 --> 00:03:42,240 Speaker 3: to companies like HP five percent in pre market, sand 70 00:03:42,280 --> 00:03:44,600 Speaker 3: discs seventy two percent year to date. This is the 71 00:03:44,680 --> 00:03:46,560 Speaker 3: best stock in the S and P five hundred so far. 72 00:03:46,560 --> 00:03:51,080 Speaker 2: All right, Jern, This stock Movers report from Bloomberg Radio. 73 00:03:51,600 --> 00:03:53,720 Speaker 2: Check back with us throughout the day for the latest 74 00:03:53,800 --> 00:03:57,000 Speaker 2: roundup of companies making news on Wall Street and for 75 00:03:57,080 --> 00:04:01,000 Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live, 76 00:04:01,400 --> 00:04:05,000 Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay 77 00:04:05,040 --> 00:04:07,640 Speaker 2: and Android Auto with the Bloomberg Business app.