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Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
We want to get some more stocks on the move today. Let's bring in our own Denitza Takova to take a look at some of the big movers. And the biggest mover that we're going to start with here is Dell, for sure.
Dell.
Obviously some of the earlier gains are fading, but still the stock is up two percent today.
It was up as much as six percent today.
It's not only Dell moving higher on the news we had it's super Microcomputer and HP as well getting a boost out of this, despite more broadly stocks seeing some exhaustion today. Of course, it comes off the news that they'll roughly doubled this growth estimate. The company unveiled a long term financial framework that cos for sales surize at a pace of seven to nine percent annually for the next four years. The new financial framework underscores deals bet on.
Its position as suppliers.
Of servers and the AI business has been crucial for the growth we're seeing of the company. It has grown to twenty billion in just two years, and you can see that reflected in the stock. The stock is a thirty percent year today, really strong and one of the big beneficiarcy. Of course, the company has contracts with COREWVE and ax Musk's XAI, so these are some of the big partnership. Investors are potentially seeing some big potential going forward.
Intercontinental Exchange, yes crypto means traditional finance, and Intercontinential Exchange plans to invest as much as two billion in cash in poly Market.
That's quite a turnaround story for poly Market. Now it's it's around eight billion in value. Of course, just a few years back, things for very different. Poly Market was kicked offshore by federal regulators. Kyleshy Polymarket, those companies got a lot of popularity when it comes to betting on
election outcomes. But Polymarket is now back. It came after it acquired a kind of little known derivative exchange code qc X. Of course it has it has been favored by regulation that's a lot more permissive to those bets.
But that's clearly a fast growing business.
We obviously saw Citadel yesterday hinting that potentially they have some interest in that field in that.
Space, and it's growing very fast.
Then Intercontinental Exchange is getting a boost out of it. It's up more than one percent today and the ticker is ICE.
And AVE may very well be a sign of more of these tie ups between traditional market players and the crypto native ones. All right, final stock that you're keeping an eye on is Dollar Tree. Door Tree is having a rough day to day. The ticker is d LTR. The stock is about two point five percent. It felt even more in earlier training. It's coming off a downgrade from Jeffries. Currently it's underperformed.
The price tie downgrade is actually pretty bad.
It's currently seventy doors from one hundred and ten. Price stack's Walmart is involved in this. They're saying that doorstree is long standing competitive advantage, which is like simple bargain may have all but evaporated. Jeffries found that the shopping bills at Walmart were lower than those a door Tree, so we're seeing some pressure there. Obviously, consumer is not necessarily doing so well. We're having some worries there inflation and pressure on the consumer, and that's definitely.
Weighing on the stock. And it's not only that.
Actually door General is now five below is down today, So a lot of pressure on those retailers today and without too much economic data this week, but obviously we're looking at all those consumer facing brands and the pressure they're feeling.
The Stock Mover's report from blue Burg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.