WEBVTT - Accenture, Darden, QXO

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News, the Stock Movers podcast.

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<v Speaker 1>This is your roundup of companies making news on Wall

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<v Speaker 1>Street and beyond. Harnessing the power of Bloomberg Data. Let's

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<v Speaker 1>take a look at some of the stocks on the

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<v Speaker 1>move today, and with that, here's Bloomberg News Equities reporter

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<v Speaker 1>Billy Lipsheltz with Thursday's stock Movers. Where shall we begin, Bailly.

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<v Speaker 2>You'll start with the center, maybe a little bit of

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<v Speaker 2>calling out some doge cuts underperforming this morning and throughout

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<v Speaker 2>the day after really talking down thereforeward looking at expectations

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<v Speaker 2>in how the government really trying to tighten spending. Elon

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<v Speaker 2>Musk going in there and cutting jobs and forcing people

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<v Speaker 2>to justify why they're working and why if you're a

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<v Speaker 2>consultant you actually are going to get paid. That's something

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<v Speaker 2>that the management team really sounded the alarm on some analysts,

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<v Speaker 2>maybe a bit more bullish or saying this is kind

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<v Speaker 2>of the tone we've seen and heard for call it

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<v Speaker 2>three or four weeks from the company and from the industry,

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<v Speaker 2>but one of the worst performers in the SP five hundred,

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<v Speaker 2>worst day since March of twenty twenty four, closing at

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<v Speaker 2>the lowest level since sometime last year, So really seeing

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<v Speaker 2>investors kind of look and say, now that I think

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<v Speaker 2>about it, in what's been a choppy day, trappy market,

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<v Speaker 2>maybe we avoid a company that is talking down there

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<v Speaker 2>forward looking at expectations. And that's really been one of

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<v Speaker 2>the trends from a broader perspective that we've been keeping

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<v Speaker 2>an eye on so far as we wind through the

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<v Speaker 2>final stragglers of earning season and get ready for Deltay

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<v Speaker 2>too loudly big bank earnings in about two weeks now.

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<v Speaker 3>Yeah, I can't believe we're already there, Carol, the end

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<v Speaker 3>of this quarter, so we're going to start to hear soon,

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<v Speaker 3>but we're still hearing from some companies. Interesting, Bailey, to

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<v Speaker 3>also see companies talk about the effects of dog and

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<v Speaker 3>government cost cutting. You've also got your eye on the

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<v Speaker 3>restaurant space today. What's happened in there?

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<v Speaker 2>Garden Garden brands trading at one point on pace for

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<v Speaker 2>looking like what would be an all time high. This

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<v Speaker 2>is the owner of Texas Roadhouse, the owner of all

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<v Speaker 2>of Garden really beating expectations, and guys, I thought it

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<v Speaker 2>was quite interesting that Uber Eats is a big driver

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<v Speaker 2>of why they're bullish on the outlook, why they had

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<v Speaker 2>a strong quarter, really rolling that out that being one

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<v Speaker 2>of the growth levers that the company can pull. So

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<v Speaker 2>I don't know about you, I personally wouldn't really get

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<v Speaker 2>posted to go to be delivered, nor would I do

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<v Speaker 2>that with a steak. But looking at the earnings beating expectations,

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<v Speaker 2>talking up their ability to expand margins, that partnership with

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<v Speaker 2>Uber potentially continuing to be a creative for the company.

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<v Speaker 2>And another thing that analysts really called out was kind

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<v Speaker 2>of the broader offerings that they're rolling out at their restaurants.

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<v Speaker 2>Those are the two most well known franchises, and they've

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<v Speaker 2>really been ramping up what they can bring to a

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<v Speaker 2>consumer that, broadly speaking, is still feeling quite a pinch

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<v Speaker 2>here in the US.

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<v Speaker 3>All right, and there's another name, is it QXO that

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<v Speaker 3>you have on kind of your watch list.

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<v Speaker 2>UXO Beacon roofing QXO announcing that they have agreed to

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<v Speaker 2>acquire Beacon. So this is a saga that started earlier

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<v Speaker 2>this year. QXOS. Brad Jacobs kind of roll up machine,

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<v Speaker 2>if you will. He kind of created a company with

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<v Speaker 2>the goal of raising money to buy companies in kind

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<v Speaker 2>of the supply chain housing management, if you will, to

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<v Speaker 2>roll them up and be more efficient, saying that the

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<v Speaker 2>supply chain is weak. They're finally going to Beacon at

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<v Speaker 2>about eleven billion dollars total price tag. This is again

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<v Speaker 2>a deal that we've been talking about for a couple months.

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<v Speaker 2>At this point, would it have to go the hostile route?

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<v Speaker 2>How could Beacon protect protect itself if it wanted to,

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<v Speaker 2>And it does seem like they actually have the boards

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<v Speaker 2>aligned reading through some of the filings. This as a

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<v Speaker 2>company that was approached back in November, So when we

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<v Speaker 2>saw the initial announcement laid out, Beacon basically said they

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<v Speaker 2>were getting taken advantage of for being in a choppy

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<v Speaker 2>back drop from a market perspective with the uncertainty around tariffs. Well,

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<v Speaker 2>they changed their tune. They're agreeing to that deal. Both

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<v Speaker 2>shares closing in the green. It does seem like a

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<v Speaker 2>kind of saga that we were worried could linger on

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<v Speaker 2>for quite some time is going to be wrapped up

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<v Speaker 2>pretty efficiently.

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<v Speaker 1>The Stockmovers podcast from Bloomberg Radio. Check back with us

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<v Speaker 1>throughout the day for the latest roundup of companies making

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