WEBVTT - Dollar General Boosts Guidance, Snowflake Slumps; Hormel Earnings Better-Than-Feared

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

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<v Speaker 2>The 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 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Tim Keen with Paul Sweeni and Bloomberg's Lisa Montelier

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<v Speaker 3>or Stock Moowers. It's a wonderful podcast. Lisa, I'm guessing

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<v Speaker 3>what will you start with.

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<v Speaker 4>I'm starting with discount retailers. Okay, we're gonna start with

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<v Speaker 4>Dollar General ticker DG because their shares have been up

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<v Speaker 4>more as much as six percent. So the main thing

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<v Speaker 4>is that they raise their full year out look. If

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<v Speaker 4>you look at the breakdown, shares gaining in both consumable

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<v Speaker 4>non consumable categories, growth and seasonal goods, home products, apparel.

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<v Speaker 4>But it just goes to show you retailers that are

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<v Speaker 4>offering these low cost goods attracting consumers that are just

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<v Speaker 4>looking for deals. I mean, they also attracting wealthy customers.

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<v Speaker 4>That's what Dollar General is saying. But Bloomberg Intelligence is

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<v Speaker 4>saying whether those new customers will stick around, that remains

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<v Speaker 4>to be seen. But what's also interesting about Dollar General

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<v Speaker 4>is that it has a large selection of grocery products

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<v Speaker 4>and that makes it less susceptible to tariffs.

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<v Speaker 1>Looking you're to date Lisa Dollar General a forty dollar

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<v Speaker 1>tree of fifty dollars doing it.

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<v Speaker 4>You look at them, look at Kohl's, look at TJX,

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<v Speaker 4>like those are some other ones that also had some

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<v Speaker 4>good results. But they've been doing things to improve their performance.

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<v Speaker 4>They're providing cleaner stores, enough inventory, staffing levels, things like that.

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<v Speaker 1>That's what John Tucker was talking about, because John Tucker

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<v Speaker 1>was saying, you got to clean up the stores and

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<v Speaker 1>make it a better experience.

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<v Speaker 4>Yeah, and that's yeah, let's see, and they did that

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<v Speaker 4>and it seems to be working for them.

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<v Speaker 1>Good for them.

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<v Speaker 4>So we go from retail to tech. All right, I

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<v Speaker 4>want to point out Snowflake. It's ticker snow Uh. Their

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<v Speaker 4>shares have fallen as much as nine percent. So what

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<v Speaker 4>they do they basically make software that helps organize, analyze

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<v Speaker 4>store corporate data in the cloud.

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<v Speaker 3>Uh.

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<v Speaker 4>They gave an outlook for operating margin that fell short

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<v Speaker 4>of estimates and that made a little investors a little

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<v Speaker 4>uneasy about profitability of new AI based tools. Analysts said

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<v Speaker 4>they're happy and encouraged by that company's innovation. They have

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<v Speaker 4>a new CEO, but they're just concerned that competition is

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<v Speaker 4>increasing in that core market. It did make an announcement

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<v Speaker 4>to a two hundred million dollar partnership with Anthropic and

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<v Speaker 4>that's going to make its cloud Ai models available in

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<v Speaker 4>the Snowflake platform claud Ai models. But Snowflake has agreed

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<v Speaker 4>to four acquisitions so far this year.

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<v Speaker 1>Stock is up seventy percent year today. Notes down nine

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<v Speaker 1>percent today, But it's had a great run, so good

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<v Speaker 1>for them. It definitely a company too. I didn't know

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<v Speaker 1>that as well. Ninety billion market cap go figure. Yeah, yep,

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<v Speaker 1>so much money beat me.

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<v Speaker 4>And finally I have a few quick mentions. Uh this

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<v Speaker 4>one yep, yep. Poor Mels spam hr you can think

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<v Speaker 4>of that. There share U up as much as six

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<v Speaker 4>percent third quarter justityps forecast. It beat the company's recently

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<v Speaker 4>lowered guidance, also beat expectations.

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<v Speaker 3>Uh.

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<v Speaker 4>For for Wall Street as well. We talk software companies

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<v Speaker 4>like Snowflake. We also have apany called Guideware. Their shares

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<v Speaker 4>have been up as much as five percent on first

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<v Speaker 4>quarter results, second quarter revenue top estimates. And then there's

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<v Speaker 4>UI Path it's p A t H. It's processed automation

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<v Speaker 4>software company. It's a lot of software today. Formal, she

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<v Speaker 4>did my spam the spam?

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<v Speaker 5>Okay, why why are you giving less weight to spa?

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<v Speaker 5>It's a pun less weight to spam versus flake.

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<v Speaker 1>Austin, Minnesota, Hormal Foods twenty thousand employees, thirteen billion dollar

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<v Speaker 1>market cap here I mean this is that's sorry.

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<v Speaker 5>I spam, spam and bilvo or two of the four

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<v Speaker 5>food groups ye have. The mateosol is a can of spam.

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<v Speaker 5>Never entered the mateo Actually, it.

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<v Speaker 4>Was like a staple, like you chopping up on your

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<v Speaker 4>Friday in a pan. You had some rice to it,

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<v Speaker 4>and you're good. Dinner, sinner served.

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<v Speaker 5>Now they have like spam and pineapple and spam and

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<v Speaker 5>this spam comet in the Upper there's a restaurant on

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<v Speaker 5>the Upper West Side that just specializes in like eighteen

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<v Speaker 5>is it really yeah, types of spam. We should have

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<v Speaker 5>a remote from there.

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<v Speaker 1>Yeah, I'm looking at it right now. There's a lot

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<v Speaker 1>of good stuff there.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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