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.
A Paul Sweeney alongside Normal Linda and we're joined by Bloomberg's Needs us so, COVID they needs. What are you looking at? Let's start with Microsoft. It's been the big story of the morning, shares for sliding after The Information reported that the software maker has lowered expectations for getting business customers to spend money on AI. Now, just recently we said we have Microsoft's response. The company says it
has not lowered sales quotas or targets for salespeople. Yet the stock is still down about one point seven percent. It fell as much as three percent in earlier trading, so definitely seeing.
Some relief there.
The ticker, of course as MSFT. The report says that several divisions of Microsoft will have lowered the quotas. There was one very interesting number, for example, for their product Calde Foundry. Salespeople had increased customer spending about fifty percent. In the last piece fiscal quarter, but fewer than one fifth of the salespeople actually met those targets. So now that goal is about twenty five percent growth, so they
slashed it in house. Obviously, you don't have much information about how this is working on all the divisions, and Microsoft at the moment is saying it's not true, but it speaks to that question. Everyone has been asking, especially since October, about the price of all those deals that are happening all the time, and companies have been spending massively on chip servers other expenses, and investors are starting to punish some of that spending, or at least to
look at it with a more cotient side. Yep, that's absolutely the case.
What else we got we have?
CrowdStrike shares are down about two percent. It's interesting because the Soultware Company has the pretty strong third quarter results. Anlysts, we're pretty excited about their annual recurring revenue number. That said, they're debating the outlook, so potentially we're seeing some of the downside from there. The ticker is CRWD. The company erased its fiscal twenty twenty six guidance, signaling resilient demand for the company's expanding portfoliotificial intelligence. Of course, this has
been a big ear for cybersecurity. Corporations have been facing so much stread and another thing with the growth of AI is that those campaigns are getting more sophisticated, so companies are spending more and more. That said, ever Core said the results were solid and broadly consistent with last quarter narrative, but there is no meaningful upside surprise. So perhaps with the whole AI climate, that's why investors are
not seeing being too euphoric about the stock. Yeah shares with that company up about forty seven percent of our year today.
You've also got your eyes on Macy's.
What's going on. It's an interesting case. The company sort in earlier training and now it's actually down. The ticker is m Shares the client after its profit forecast for the current quarter disappointed investors over showing a solid lead up to the holiday seasons. Despite posting better than expected results, the company pointed to potential for soft demand. We're seeing this kind of a case shape recovery again. They're seeing not so much remain from low income shoppers, but then
the mid and upper income are stepping in. They've snapped the fashionable styles despite higher prices. That's what the company is saying. Macy has been increasing prices on some items because of obviously higher tires has been one big thing, and the company is up about thirty four percent this year before the earnings results, so it's been doing well. But today definitely some coshent from investors.
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