Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 1: Back to the markets for a moment here and bring
Speaker 1: in Matthew Griffin. He is our equities reporter and he's
Speaker 1: going to take a look at some of the stocks
Speaker 1: on the move here in this eleven am Wall Street
Speaker 1: Time Hour. Matt, what do you have?
Speaker 3: Well, Scarlett, thanks for having me on. And one stock
Speaker 3: I have had on my screen all morning is UPS,
Speaker 3: the parcel carrier ticker also UPS shares currently down more
Speaker 3: than four percent after the company did beat expectations overall,
Speaker 3: but it left its full year guidance unchanged. That was
Speaker 3: disappointing investors who wanted more. They also reported margins that
Speaker 3: were weaker than expected in their US parcel business. The
Speaker 3: adjusted margin there was four percent analysts wanted nearly five percent.
Speaker 3: And that's just the last thing investors want to see
Speaker 3: from UPS right now. They are questioning this company's plan
Speaker 3: to cut its less profitable business, for example with Amazon,
Speaker 3: and so to see this pain in the US right
Speaker 3: now raises more questions about how that's going The company
Speaker 3: did say on the earnings call that there were some
Speaker 3: one time items weather, for example, but that's not really
Speaker 3: helping shares down as much as seven point two percent today.
Speaker 3: That's their worst day since July. All right, how about
Speaker 3: the Hilton. Yeah, so Hilton, the hotel chain. That's a
Speaker 3: stock I was actually watching before they reported earnings today.
Speaker 3: They were trading at all time highs last week, even
Speaker 3: during the war in Iran, which of course has disrupted travels.
Speaker 3: So this was a closely watched report. Investors a little
Speaker 3: bit disappointed that stock ticker HLT trying to claw its
Speaker 3: way back into the green, but still down about a percent.
Speaker 3: The hotel chain raised its full year outlook, but less
Speaker 3: than analysts wanted, and it said it's going to see
Speaker 3: some effects from the war in the second quarter, for example,
Speaker 3: a hit to its revenue peractive room, which is a
Speaker 3: key metric for hotels.
Speaker 1: All right, car rep card, Yes, yes, yes, yes, yes,
Speaker 1: that's what the analysts call it. For sure. Verdive is
Speaker 1: your last stock?
Speaker 3: Yes, so this vertive tick or VRT. Maybe not as
Speaker 3: big a name as an Nvidia, for example, but a
Speaker 3: major stock in the sort of AI infrastructure trade. They're
Speaker 3: down eight percent today almost eight percent. It's sort of
Speaker 3: one of the second order impacts of this Wall Street
Speaker 3: Journal report about open ai missing some of its own
Speaker 3: internal metrics. This company makes power equipment and cooling equipment,
Speaker 3: gets eighty percent of its revenue from data centers, and
Speaker 3: IT shares are up about one thousand percent over the
Speaker 3: last five years. So when you have anything that calls
Speaker 3: into question the profitability of AI, the need for AI spending,
Speaker 3: that's going to hit a name like this, and that's
Speaker 3: why you see this weakness today.
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