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.
Christina Quino is here with our Stocks on the Move today. Christine, you know about Pokemon. I know about Pokemon. I used to go Pokemon hunting with the Pokemon Go app. It was a great way to get a walk.
All right, let's talk about the stocks on the move.
We're gonna start with Oracle, which was a big mover yesterday. Absolutely scarlets so thinking a bit of a breather today Oracle o RCL shares her down more than three percent. But let's put that into context, right, We did get that record surge yesterday, up nearly thirty six percent. It added eighty nine billion dollars to Larry Ellison's coffers in one day, put him right about Elonos to be the
world's richest person. So not too shabby. Now. The thing to really focus on, according to Bloomberg Intelligence, that the dust is selling a little bit is really that backlog order size four hundred and fifty five billion that exceeds the orders for Microsoft Aws, Google Clouds, and it really highlights that Oracle has positioned itself uniquely by focusing on training AI training workloads rather than some of its arrivals. We're focusing on provisioning clouds and so basically, you know,
it's focused on fine tuning lms with enterprise data. That's what gives it the edge in capturing those training workloads according to Bloomberg Intelligence, and potentially some longevity in the market. You're also looking at seventeen what's going on there, absolutely top performer today, so ticker CNC shares are currently up more than twelve percent. And so the health insurer getting some good news because it gave positive views of its Medicare star ratings and it said that it expects costs
to improve in its Medicaid business. So remember right, the Medicare system, it has a star rating system. The higher stars you have for the plans that you provide, the more incentives that you get from the government. That's basically how it works. And so a lot of health insurance want to be want to have customers up in those
higher rated plans so they can get more incentives. And Scenting also reaffirming it's adjusted EPs forecast for the full year one seventy five per share versus an estimate of one sixty four. So also some good news there. I've been caught many conversations with elderly people about how many stars program has.
They're very, very concerned about it. All right, let's talk about UPS.
UPS not doing too shabby. Today shares up four tens of one percent, but earlier it was down more than two percent, and that is because it was cut to underperform a Bank of America and the analysts they are assigning the end to the de Minimous exemption. So for those who don't know demnimous, that was an exemption that applied to small packages shipped directly to US consumers from
retailers abroad. If they were under a certain size, under a certain value, they didn't need a customs declaration and duties. That exemption ended at the end of August, and so now a lot of analysts are thinking these will be you know, shares like UPS FedEx also suffering. Will be the ones that really suffer. Interestingly, it's not a widespread vidya that UPS is you know, an automatic cell because
of this news. It's actually just you know, the bulk of analysts still divided whether the stock is a buyer hold but not certainly certainly not good news. The end of that exemption for it is company.
The Stock Movers 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.