Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Tim Keen with Paul Sweeni and Bloomberg's Lisa Montelier
Speaker 3: or Stock Moowers. It's a wonderful podcast. Lisa, I'm guessing
Speaker 3: what will you start with.
Speaker 4: I'm starting with discount retailers. Okay, we're gonna start with
Speaker 4: Dollar General ticker DG because their shares have been up
Speaker 4: more as much as six percent. So the main thing
Speaker 4: is that they raise their full year out look. If
Speaker 4: you look at the breakdown, shares gaining in both consumable
Speaker 4: non consumable categories, growth and seasonal goods, home products, apparel.
Speaker 4: But it just goes to show you retailers that are
Speaker 4: offering these low cost goods attracting consumers that are just
Speaker 4: looking for deals. I mean, they also attracting wealthy customers.
Speaker 4: That's what Dollar General is saying. But Bloomberg Intelligence is
Speaker 4: saying whether those new customers will stick around, that remains
Speaker 4: to be seen. But what's also interesting about Dollar General
Speaker 4: is that it has a large selection of grocery products
Speaker 4: and that makes it less susceptible to tariffs.
Speaker 1: Looking you're to date Lisa Dollar General a forty dollar
Speaker 1: tree of fifty dollars doing it.
Speaker 4: You look at them, look at Kohl's, look at TJX,
Speaker 4: like those are some other ones that also had some
Speaker 4: good results. But they've been doing things to improve their performance.
Speaker 4: They're providing cleaner stores, enough inventory, staffing levels, things like that.
Speaker 1: That's what John Tucker was talking about, because John Tucker
Speaker 1: was saying, you got to clean up the stores and
Speaker 1: make it a better experience.
Speaker 4: Yeah, and that's yeah, let's see, and they did that
Speaker 4: and it seems to be working for them.
Speaker 1: Good for them.
Speaker 4: So we go from retail to tech. All right, I
Speaker 4: want to point out Snowflake. It's ticker snow Uh. Their
Speaker 4: shares have fallen as much as nine percent. So what
Speaker 4: they do they basically make software that helps organize, analyze
Speaker 4: store corporate data in the cloud.
Speaker 3: Uh.
Speaker 4: They gave an outlook for operating margin that fell short
Speaker 4: of estimates and that made a little investors a little
Speaker 4: uneasy about profitability of new AI based tools. Analysts said
Speaker 4: they're happy and encouraged by that company's innovation. They have
Speaker 4: a new CEO, but they're just concerned that competition is
Speaker 4: increasing in that core market. It did make an announcement
Speaker 4: to a two hundred million dollar partnership with Anthropic and
Speaker 4: that's going to make its cloud Ai models available in
Speaker 4: the Snowflake platform claud Ai models. But Snowflake has agreed
Speaker 4: to four acquisitions so far this year.
Speaker 1: Stock is up seventy percent year today. Notes down nine
Speaker 1: percent today, But it's had a great run, so good
Speaker 1: for them. It definitely a company too. I didn't know
Speaker 1: that as well. Ninety billion market cap go figure. Yeah, yep,
Speaker 1: so much money beat me.
Speaker 4: And finally I have a few quick mentions. Uh this
Speaker 4: one yep, yep. Poor Mels spam hr you can think
Speaker 4: of that. There share U up as much as six
Speaker 4: percent third quarter justityps forecast. It beat the company's recently
Speaker 4: lowered guidance, also beat expectations.
Speaker 3: Uh.
Speaker 4: For for Wall Street as well. We talk software companies
Speaker 4: like Snowflake. We also have apany called Guideware. Their shares
Speaker 4: have been up as much as five percent on first
Speaker 4: quarter results, second quarter revenue top estimates. And then there's
Speaker 4: UI Path it's p A t H. It's processed automation
Speaker 4: software company. It's a lot of software today. Formal, she
Speaker 4: did my spam the spam?
Speaker 5: Okay, why why are you giving less weight to spa?
Speaker 5: It's a pun less weight to spam versus flake.
Speaker 1: Austin, Minnesota, Hormal Foods twenty thousand employees, thirteen billion dollar
Speaker 1: market cap here I mean this is that's sorry.
Speaker 5: I spam, spam and bilvo or two of the four
Speaker 5: food groups ye have. The mateosol is a can of spam.
Speaker 5: Never entered the mateo Actually, it.
Speaker 4: Was like a staple, like you chopping up on your
Speaker 4: Friday in a pan. You had some rice to it,
Speaker 4: and you're good. Dinner, sinner served.
Speaker 5: Now they have like spam and pineapple and spam and
Speaker 5: this spam comet in the Upper there's a restaurant on
Speaker 5: the Upper West Side that just specializes in like eighteen
Speaker 5: is it really yeah, types of spam. We should have
Speaker 5: a remote from there.
Speaker 1: Yeah, I'm looking at it right now. There's a lot
Speaker 1: of good stuff there.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
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