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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of the stocks on

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Speaker 3: the move today. I'm Paul Sweeney with Norma Linda and

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Speaker 3: we are joined by bloombergs. You know, Christine, what do

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Speaker 3: you mean it?

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Speaker 1: Well, Paul, let's take a look at the biggest accliner

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Speaker 1: on the S and P five hundred today. That is

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Speaker 1: Equinix ticker eqi X. The client is currently now up

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Speaker 1: to more than thirteen percent one three percent, So if

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Speaker 1: that continues, that's going to be the biggest one day

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Speaker 1: decline since twenty ten. And so that is because it's

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Speaker 1: a data center read and it provided a long term

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Speaker 1: outlook at an Investor Day earlier this week. They plan

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Speaker 1: to be about capacity through twenty twenty nine, but looks

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Speaker 1: like a lot of that will be from upfront debt issuance,

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Speaker 1: so they're facing higher interest expenses. So they've seen two downgrades,

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Speaker 1: Raymond James cutting their rating to Mare could perform from

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Speaker 1: strong by and they're saying that the company is going

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Speaker 1: through a period of adjustment, and then BMO also cutting

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Speaker 1: their rating to market perform from outperform, also cutting their

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Speaker 1: price target to eight hundred and fifty from one thy

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Speaker 1: forty five, and again analysts are saying that near term

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Speaker 1: growth is going to be subdued even if growth accelerates.

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Speaker 4: Interesting, I mean, this is a stock that I actually

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Speaker 4: cover super closely. I mean I go to week every year,

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Speaker 4: which is the week it's here in New York City.

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Speaker 4: They also have it out in the West Coast as well,

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Speaker 4: but it happens in June, and it's one of the

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Speaker 4: most popular reates. So you see the room packed out.

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Speaker 4: But I'm also looking at Digital Realty Trusts, which is

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Speaker 4: a peer down as well today on the news. But

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Speaker 4: what else are you keeping an eye on?

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Speaker 1: Looking at McCormick as well today, Nora, that's tick her

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Speaker 1: MKC gains around four percents at the moment, so paying

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Speaker 1: some of those opening gains there. And so they reported

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Speaker 1: before the bill second quarter EPs topping estimates and management

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Speaker 1: also reaffirming its profit and sales guidance, and so analysts

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Speaker 1: really liking that, especially because their outlook also reflecting a

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Speaker 1: plan to offset costs related to terriffs. So they're currently

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Speaker 1: in place, they're assuming it's a ten percent tariff and

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Speaker 1: all imported US goods at incremental tariff on goods from

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Speaker 1: China into the US. And so you know, analyst from

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Speaker 1: Barclay saying that, you know the fact that they reaffirmed

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Speaker 1: their guidance despite the incremental impact from tariffs, that eases

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Speaker 1: some investor concerns.

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Speaker 3: Recently are McCormick's based in Huntville, Hunt Valley, Maryland, right

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Speaker 3: outside of Baltimore, home to my my favorite off courses,

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Speaker 3: Caves Valley. But you look at McCormack over the last

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Speaker 3: five years, the stock price on a compoundent basis negative

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Speaker 3: zero point seventy five percent. This thing's been dead flat

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Speaker 3: for the last five years. Worth the SPS up about

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Speaker 3: seventeen percent compound, and annually there's this I don't know

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Speaker 3: what you do with this stock or these these types

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Speaker 3: of companies. I mean, you know, there's this no catalyst

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Speaker 3: at all for these kinds of names. Here, what else

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Speaker 3: are you looking at?

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Speaker 1: Looking at en phase that is the strongest performance in

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Speaker 1: the S and P five hundred at the moment, took

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Speaker 1: her e nph and currently gains accelerating to more than

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Speaker 1: nine percent, So really it's just kind of a continuous

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Speaker 1: what we've seen this week. It's been a strong week

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Speaker 1: for this solar sector, in particular because we did get

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Speaker 1: news that some Senate Republicans are looking to discuss some

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Speaker 1: changes to a provision and the Broad Spending Bill. So

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Speaker 1: initially the House version of that would propose to and

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Speaker 1: tax credits for rooftop solar panels earlier, and so Senate

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Speaker 1: Republicans potentially softening that provision that we did get someone

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Speaker 1: else from Bloomberg Intelligence this week. If we do get

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Speaker 1: that provision from the bill, that could crimp some of

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Speaker 1: the margins and inface one of the potential victims of that,

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Speaker 1: I think they're looking at margins falling to twenty five

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Speaker 1: to thirty percent, which would be back to the levels

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Speaker 1: before the Inflation Reduction Act.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 2: with the Bloomberg Business app. Mm hmm