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Let's take a look. Now, it's some stocks making news in the week ahead. I'm Nathan Hager with Bloomberg Equities. Reported in Italia Kanijevich, and it looks like this Wednesday is going to be the day we see a lot of news with a bunch of companies reporting, including Broadcom. More of the software story to be told, eh, Natalia.
That's right, So yes, Broadcom reports earnings on dun third the tickets avgo. You know, lots of expectations, of course for this earnings report, because we've heard from CEO who said that the company expects to see sales above one hundred billion dollars next year. They also said that AI Chip revenue will be at around ten point seven billion dollars. And then if we look back at the latest earnings report, we saw that the company posted better than expected quarterly outlook.
They also announced a pretty solid stock buyback program of as much as ten billion dollars. We know that companies have been buying back their own stocks pretty aggressively this year. Analysts are of course, really excited by the company's AI related revenue. We know that Broadcom expanded agreements with companies like Google and Anthropic, and it's also you know, a
good addition to multi year visibility and contracts. And we also saw you know, some optimism across Wall Street analysts because on Thursday, Susquehanna analysts also erased the price target on Broadcom to four hundred and ninety from four hundred and fifty dollars. And the stock has doing really well this year. On the year today basis as of Thursday, the stock was up by twenty three percent, so it's a pretty solid run.
Yeah, a nice little run there for that stock. So we'll be definitely keeping an eye on that one, along with another pretty big tech name that's had an even better run. This is CrowdStrike, also reporting Wednesday.
That's right, Yes, CrowdStrike valuation of course have searched this year, helped by deals to make custom chips for companies like open Ai and Anthropic. And again I'm going to cite the latest Earnix report because CrowdStrike shares kind of fluctuated a little bit, but the software company reported results that were in line with expectations. And we know that this stock, among other software peers, were really volatile this year because
investors were debating potential disruptions coming from AI. Cybersecurity stocks in particular, really volatile because Anthropic announced features in its cloud AI model that can scan different codes for vulnerabilities. So lots of debates about the sustainability of the software sector here in the United States. Nevertheless, we also see
some optimism on Wall Street. On May twenty seventh, web Bush analyst Dan Ives raised the price target to crowd Strike Hollings to seven one hundred dollars from five hundred and fifty. He maintained outperform rating, and as of Thursday, as you mentioned, the stock has been doing really well this year. The stock was up by about forty three percent, so definitely outperforming broader markets.
Yeah, well, we know how bullish Dan Ives of Webbush is across the AI story, so his perspective definitely one to pay attention to. Now, before these tech and software companies report, we're going to hear from a big name in retail before the bell on Wednesday in Macy's how are things at Harold Square these days to Talia.
Yes, so you know, I actually also go to mass pretty regularly. When you go to the department store, it's very crowded, no signs of you know, any consumer concerns or recession, but the stock is flat year to date. We of course keep an eye on Maces because it's also a bell weather because it's such a huge presence
across the United States. So Bloomberg Intelligence analysts expect that sales may meet consensus based on transaction data, comparable sales could be somewhere at around one point three percent EPs could top expectations. Now Bloomingdale Sales, which is around the corner from Bloomberg office, yes, yes, so they expected that sales have risen to low to smid single digits on
the earning skull. Of course, people will be watching whatever macy says about the progress because they including two hundred revitalized stores, all things on consumer trends, luxury spending, teriff free funds, and of course the outlook. You know, it's interesting because Macy's management also introduced a new letter for
the shape of US economic growth. They expect e shaped economic recovery where you know, wealthy consumers are doing well, middle income consumers hanging in and lower income consumers are struggling. So anyway, Late Stars report. By the way, it was really good. The company reported better than expected results, but it did not help the stock price. Maybe there are lots of concerns about consumer trends going forward, maybe something that we have not seen yet.
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