1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,280 --> 00:00:19,560 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,840 --> 00:00:23,639 Speaker 3: I'm Tim Keen with Paul Sweeni and Bloomberg's Lisa Montelier 6 00:00:24,079 --> 00:00:27,520 Speaker 3: or Stock Moowers. It's a wonderful podcast. Lisa, I'm guessing 7 00:00:27,840 --> 00:00:28,920 Speaker 3: what will you start with. 8 00:00:29,240 --> 00:00:31,720 Speaker 4: I'm starting with discount retailers. Okay, we're gonna start with 9 00:00:31,840 --> 00:00:35,360 Speaker 4: Dollar General ticker DG because their shares have been up 10 00:00:35,360 --> 00:00:37,919 Speaker 4: more as much as six percent. So the main thing 11 00:00:38,000 --> 00:00:39,919 Speaker 4: is that they raise their full year out look. If 12 00:00:39,960 --> 00:00:42,800 Speaker 4: you look at the breakdown, shares gaining in both consumable 13 00:00:42,880 --> 00:00:46,639 Speaker 4: non consumable categories, growth and seasonal goods, home products, apparel. 14 00:00:46,960 --> 00:00:48,839 Speaker 4: But it just goes to show you retailers that are 15 00:00:48,880 --> 00:00:52,320 Speaker 4: offering these low cost goods attracting consumers that are just 16 00:00:52,440 --> 00:00:56,280 Speaker 4: looking for deals. I mean, they also attracting wealthy customers. 17 00:00:56,280 --> 00:00:59,040 Speaker 4: That's what Dollar General is saying. But Bloomberg Intelligence is 18 00:00:59,080 --> 00:01:02,240 Speaker 4: saying whether those new customers will stick around, that remains 19 00:01:02,280 --> 00:01:05,199 Speaker 4: to be seen. But what's also interesting about Dollar General 20 00:01:05,240 --> 00:01:07,880 Speaker 4: is that it has a large selection of grocery products 21 00:01:07,920 --> 00:01:10,520 Speaker 4: and that makes it less susceptible to tariffs. 22 00:01:10,680 --> 00:01:14,360 Speaker 1: Looking you're to date Lisa Dollar General a forty dollar 23 00:01:14,440 --> 00:01:16,720 Speaker 1: tree of fifty dollars doing it. 24 00:01:17,240 --> 00:01:19,720 Speaker 4: You look at them, look at Kohl's, look at TJX, 25 00:01:19,720 --> 00:01:22,040 Speaker 4: like those are some other ones that also had some 26 00:01:22,080 --> 00:01:25,560 Speaker 4: good results. But they've been doing things to improve their performance. 27 00:01:25,560 --> 00:01:29,320 Speaker 4: They're providing cleaner stores, enough inventory, staffing levels, things like that. 28 00:01:29,319 --> 00:01:31,520 Speaker 1: That's what John Tucker was talking about, because John Tucker 29 00:01:31,560 --> 00:01:33,000 Speaker 1: was saying, you got to clean up the stores and 30 00:01:33,040 --> 00:01:34,080 Speaker 1: make it a better experience. 31 00:01:34,200 --> 00:01:36,800 Speaker 4: Yeah, and that's yeah, let's see, and they did that 32 00:01:36,840 --> 00:01:38,200 Speaker 4: and it seems to be working for them. 33 00:01:38,600 --> 00:01:39,039 Speaker 1: Good for them. 34 00:01:39,280 --> 00:01:41,480 Speaker 4: So we go from retail to tech. All right, I 35 00:01:41,520 --> 00:01:44,920 Speaker 4: want to point out Snowflake. It's ticker snow Uh. Their 36 00:01:44,959 --> 00:01:48,040 Speaker 4: shares have fallen as much as nine percent. So what 37 00:01:48,200 --> 00:01:51,919 Speaker 4: they do they basically make software that helps organize, analyze 38 00:01:52,200 --> 00:01:53,600 Speaker 4: store corporate data in the cloud. 39 00:01:53,920 --> 00:01:54,040 Speaker 3: Uh. 40 00:01:54,080 --> 00:01:56,600 Speaker 4: They gave an outlook for operating margin that fell short 41 00:01:56,600 --> 00:01:59,360 Speaker 4: of estimates and that made a little investors a little 42 00:01:59,400 --> 00:02:03,640 Speaker 4: uneasy about profitability of new AI based tools. Analysts said 43 00:02:03,680 --> 00:02:06,280 Speaker 4: they're happy and encouraged by that company's innovation. They have 44 00:02:06,320 --> 00:02:09,280 Speaker 4: a new CEO, but they're just concerned that competition is 45 00:02:09,400 --> 00:02:12,600 Speaker 4: increasing in that core market. It did make an announcement 46 00:02:12,639 --> 00:02:15,960 Speaker 4: to a two hundred million dollar partnership with Anthropic and 47 00:02:16,000 --> 00:02:18,440 Speaker 4: that's going to make its cloud Ai models available in 48 00:02:18,520 --> 00:02:22,680 Speaker 4: the Snowflake platform claud Ai models. But Snowflake has agreed 49 00:02:22,720 --> 00:02:24,679 Speaker 4: to four acquisitions so far this year. 50 00:02:24,760 --> 00:02:27,639 Speaker 1: Stock is up seventy percent year today. Notes down nine 51 00:02:27,639 --> 00:02:30,280 Speaker 1: percent today, But it's had a great run, so good 52 00:02:30,280 --> 00:02:32,320 Speaker 1: for them. It definitely a company too. I didn't know 53 00:02:32,360 --> 00:02:36,799 Speaker 1: that as well. Ninety billion market cap go figure. Yeah, yep, 54 00:02:37,400 --> 00:02:38,200 Speaker 1: so much money beat me. 55 00:02:39,040 --> 00:02:42,040 Speaker 4: And finally I have a few quick mentions. Uh this 56 00:02:42,160 --> 00:02:46,320 Speaker 4: one yep, yep. Poor Mels spam hr you can think 57 00:02:46,360 --> 00:02:48,480 Speaker 4: of that. There share U up as much as six 58 00:02:48,520 --> 00:02:51,480 Speaker 4: percent third quarter justityps forecast. It beat the company's recently 59 00:02:51,560 --> 00:02:53,720 Speaker 4: lowered guidance, also beat expectations. 60 00:02:54,040 --> 00:02:54,160 Speaker 3: Uh. 61 00:02:54,400 --> 00:02:57,720 Speaker 4: For for Wall Street as well. We talk software companies 62 00:02:57,760 --> 00:03:01,600 Speaker 4: like Snowflake. We also have apany called Guideware. Their shares 63 00:03:01,600 --> 00:03:03,720 Speaker 4: have been up as much as five percent on first 64 00:03:03,800 --> 00:03:07,200 Speaker 4: quarter results, second quarter revenue top estimates. And then there's 65 00:03:07,400 --> 00:03:10,919 Speaker 4: UI Path it's p A t H. It's processed automation 66 00:03:11,160 --> 00:03:14,760 Speaker 4: software company. It's a lot of software today. Formal, she 67 00:03:14,840 --> 00:03:16,560 Speaker 4: did my spam the spam? 68 00:03:16,600 --> 00:03:19,560 Speaker 5: Okay, why why are you giving less weight to spa? 69 00:03:19,760 --> 00:03:23,919 Speaker 5: It's a pun less weight to spam versus flake. 70 00:03:24,639 --> 00:03:30,519 Speaker 1: Austin, Minnesota, Hormal Foods twenty thousand employees, thirteen billion dollar 71 00:03:31,000 --> 00:03:34,480 Speaker 1: market cap here I mean this is that's sorry. 72 00:03:34,639 --> 00:03:37,520 Speaker 5: I spam, spam and bilvo or two of the four 73 00:03:37,560 --> 00:03:41,400 Speaker 5: food groups ye have. The mateosol is a can of spam. 74 00:03:41,640 --> 00:03:43,840 Speaker 5: Never entered the mateo Actually, it. 75 00:03:43,720 --> 00:03:46,960 Speaker 4: Was like a staple, like you chopping up on your 76 00:03:46,960 --> 00:03:48,400 Speaker 4: Friday in a pan. You had some rice to it, 77 00:03:48,440 --> 00:03:52,640 Speaker 4: and you're good. Dinner, sinner served. 78 00:03:54,400 --> 00:03:57,320 Speaker 5: Now they have like spam and pineapple and spam and 79 00:03:57,360 --> 00:04:02,080 Speaker 5: this spam comet in the Upper there's a restaurant on 80 00:04:02,120 --> 00:04:06,360 Speaker 5: the Upper West Side that just specializes in like eighteen 81 00:04:07,600 --> 00:04:10,440 Speaker 5: is it really yeah, types of spam. We should have 82 00:04:10,440 --> 00:04:11,200 Speaker 5: a remote from there. 83 00:04:11,280 --> 00:04:12,840 Speaker 1: Yeah, I'm looking at it right now. There's a lot 84 00:04:12,880 --> 00:04:13,880 Speaker 1: of good stuff there. 85 00:04:15,360 --> 00:04:19,400 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 86 00:04:19,480 --> 00:04:22,040 Speaker 2: us throughout the day for the latest roundup of companies 87 00:04:22,120 --> 00:04:25,200 Speaker 2: making news on Wall Street. And for the latest market 88 00:04:25,240 --> 00:04:29,719 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 89 00:04:29,800 --> 00:04:33,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 90 00:04:33,360 --> 00:04:34,839 Speaker 2: the Bloomberg Business app.