Bloomberg Audio Studios, podcasts, radio news.
The Stock Movers Report, your roundup of companies making moves in the stock market harnessing the power of Bloomberg Data.
Let's take a look at some of the stocks on the move today. Am Paul swinging alongside Scarlet bluemore't joined by Bloomberg's it needs a oh, but they need to. What are you looking at today?
Let's start with Hewlett percart pretty rough data data tacorious. HP stockfell eight percent and more in earlier training. The company gave an outlook for profiting cash flow for the upcoming year that fell short by a large margin. Earning excluding some items will be two doors and twenty cents to two doors and forty cents. This is way lower
than what the street was expecting. And more importantly, the cash flow number was between one point five billion and two billion projection and that was the result in The projection was two point four billion, so massive gap. Huge Pacarda is dealing with tighter margin. A part of this is the company has been building servers with expensive AI chips. HP is betting on networking as a major area of growth. The company intends to achieve greater profitability in the future,
but it has seen a big drop today. The company is still up seven percent ere to date, but some pressure on this high AI spending we're seeing from the company, all.
Right, and HPE is the check her there for Heili HACKERD.
Let's move on to Salesforce, which did not report earnings because its earnings report is not due until later on.
But I guess it gave guidance.
Yeah, guidance, and we're seeing quite the reaction there. The stock is up nearly seven percent. The company forecast that revenue growth will accelerate to double digit. Sale Force expect sixty billion in annual revenue. This of course exclusive some numbers, but this is by January twenty thirty. Sales us Force has had a really tough ear It was down about
twenty nine percent coming into this. Salesforce, of course, is a leadering customer management software, but it seems like the street has been cooling on that part of the industry. Salesforce has been going through a period of slower revenue growth. It's been going into those single digits, and now there
is potentially some growth there and investors are pretty excited. Still, there is a concern that customers are spending more money on artificial intelligence toos from startups rather than those big traditional vendors like Salesforce. Theys, of course have a major growth bed like agent Force. So some optimism there, but still here today down more than twenty percent, So even today's optimism is not enough to get it anywhere close to gains.
All right.
The next one you've got here is one of the first stocks I traded as a professional trader back in the eighties. JBHT JP Hunt Trucking Company stocks ripping today.
It's not going back to the eighties, but it's the best introdaate jumps since nineteen ninety eight. It's up eighteen percent. The ticker is JVHT. The Transportational Logistic Company reported third or third quarter earnings and it's beating the average channel listimate by a large margin, so that the the analysts we're expecting one door forty six cent and what we got is one door seventy six cent. And the optimism
about Logistic is way beyond just the company. We're seeing night Swift, Old Dominion, Saia, so many companies jumping off the news, and Soviets has been the best day nearly thirty years. Stock is still down here today despite the massive jump. The results are positive sign for the industry. It's obviously there have been quite a few years of week shipping demand, access tracking capacity, so we're perhaps seeing some of those issues being mitigated. And yeah, a lot
of optimism from didancing. We saw so many upgrades today, Truists and many.
Others the Stock Mover Report from Bloomberg 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.