May 14, 2025 • 6 mins
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
- EToro (ETOR) shares rose 29% in its first session as a public company, after the trading and investment platform and some of its backers raised nearly $620 million in an upsized IPO.Shares of the Israel-based firm closed at $67 on Wednesday, above the initial public offering price of $52 apiece. The trading gives EToro a market value of more than $5.5 billion, based on the outstanding shares listed in an earlier filing. EToro’s listing cements a rebound in US IPOs, as companies that put first-time share sale plans on hold amid tariff-related stock volatility resume their preparations. The company was among those delaying IPO plans after President Donald Trump’s April 2 tariff announcements.
- Super Micro (SMCI) shares rose as much as 20% in Wednesday's trade, extending Tuesday’s 16% rally, after Saudi Arabia-based data center company DataVolt signed a multi-year partnership agreement with the beleaguered US server company. The stock has rallied about 43% this week, on track for the best week since November.
- American Eagle Outfitters (AEO) pulled its guidance for the full year following a first quarter that was marred by discounting and a write-down of inventory, sending the stock down in New York trading. In a preliminary earnings release, the apparel chain said comparable sales are expected to be down about 3% in the three-month period ended May 3. Revenue is projected to be about $1.1 billion, a decline of roughly 5% from a year earlier. The stock has declined 24% this year through Tuesday’s close and closed lower in Wednesday trading.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio News.
Speaker 2 (00:08):
The Stock Movers Report, your roundup of companies making moves
in the stock market. Harnessing the power of Bloomberg Data.
Speaker 3 (00:17):
Maybe a positive sign.
Speaker 4 (00:18):
We actually had an IPO that did really well today.
Speaker 3 (00:21):
I know exactly exactly.
Speaker 4 (00:24):
It's like opportunity come to market e toro. This one
at its highs up almost forty three percent today session
its first day of trading as a public entity, closing
with just shy of a twenty nine percent gain. We
should put out the trading and investment platform and some
of its backers raising nearly six hundred twenty million dollars.
Speaker 3 (00:42):
It was an.
Speaker 4 (00:43):
Upsized IPO, so that was also another positive sign.
Speaker 3 (00:46):
I'm going to move on to super Micro because.
Speaker 4 (00:48):
This one, it is your biggest gainer in the S
and P five hundred, and it was also active in
the Nasdaq one hundred, a gain of about almost sixteen percent.
Here this after after Saudi Arabia based data center company
data Volt signs a multi year partnership agreement with the company.
Stock has rallied like more than forty percent this week.
(01:10):
It's on track for its best week since November. So
a lot of attention on that one, and so yeah,
popping to the pside another name that plays certainly into
the tech space.
Speaker 3 (01:21):
We're talking about AMD.
Speaker 4 (01:22):
This is your second biggest gainer in the Nasdaq one hundred,
and it is your second biggest gainer I believe, no,
fourth biggest gainer in the S.
Speaker 3 (01:30):
And P five hundred.
Speaker 4 (01:31):
So again a now performer, up about four point seven
percent today, the company's board approving a six billion dollars
share buyback plan, about three point three percent of the
company's current market value according to our Bloomberg data, So
that was a big deal. I also want to point
out BAA saying and Vidia and AMD a big opportunity
related to AI infrastructure projects with Saudi Arabia, all that
(01:52):
news out of the Middle East, a lot of it
has had to do with chips and AI developments.
Speaker 3 (01:56):
And one more I just want to mention.
Speaker 4 (01:57):
Because Alphabet it was also a top gainer in the
S and P and Nasdaq. It was up about three
point seven percent in today's session. In terms of news,
Benzinga highlighting Davidson, analyst who said in an interview with
Yahoo Finance, there's a whiteboard on that one proposing that
Alphabet should contemplate splitting up Google's various businesses to enhance
its overall value, and said that the value could skyrocket
(02:20):
to three over three trillion dollars with a Google Big
Band breakup over isolated spin offs. So, I don't know,
just some interesting speculation there.
Speaker 1 (02:29):
You had an easy job at the Gainers today. I
had to search far and wide to find a few stocks.
What'd you say, Scarlett, I scrounched them up.
Speaker 3 (02:37):
I did.
Speaker 1 (02:37):
I scrounched them up. You have to explain a few
of them. I want to start with Lockheed Martin shares
felling after the company's management set and an industry conference
earlier today that they see some quote additional cost pressure
on their classified aeronautics program. That's all we know because
it's classified. It's down about two point three percent on
the day today. American Eagle Outfitters also falling today. We're
(02:58):
getting more retail stocks this week, and we'll hear from
Walmart tomorrow. Before that, though, American Eagle Outfitters falling after
the company pulled its guidance for the full year due
to a disappointing first quarter with a three percent decline
in comp sales, a five percent decline in revenue from
a year earlier. They're also registering a seventy five million
dollars charge related to a write down of spring and
summer merchandise. They withdrew their outlook due to macro uncertainty,
(03:22):
which I didn't call that tariff specifically with that withdrawing
of the outlook, but I guess you could throw a
word for yes. Right, that's what we talked about a
little earlier too. Yeah, it kind of means all the
same thing. And finally, KinderCare ticker KLCUS down eight and
a half percent today. It's an Oregon based early childhood
education and childcare services company. They shares fell as much
(03:43):
as fifteen percent in the session, ended off its lows.
The company reported first quarter revenue that missed estimates. Operating income,
though did beat analyst estimates, and the company maintained its
full year twenty twenty five guidance. Analysts flagged to delay
in new customer enrollments as the main driver for the
revenue miss.
Speaker 5 (04:00):
All right, guys, I want to go to the bond market,
because if you're bored by the equity market, just go
ahead and look at the bond market, because that actually
fun things did stuff there. You had the front end
bond market up by about five basis points, that back
end up as well about six basis points. So the
whole curve hasn't gotten any steeper, but the whole curve
is rerating a bit higher. I kept hearing how four
was going to be that top on the two year,
(04:22):
but we're above that now, both of them, for the
two and the ten, they're at the highest level since
the end of February. And is that a reaction to
the to the GOP tax bill in Washington or is
that just some sort of rebalancing, or is that position
resizing as we continue to get this data coming through.
Speaker 4 (04:40):
All right, guys, let's get to some earnings crossing. We're
talking about Cisco. Let's go right to the red sticky
because it's about the outlook. So the company sees fiscally
your revenue fifty six point five to fifty six point
seven billion dollars. It had seen fifty six to fifty
six point five, so a little bit of a movement
to the upside. The stock is moving just a little
bit higher as well, up a two tenths of a percent.
(05:01):
The company also seeing fiscal year adjusted EPs a three
dollars seventy seven cents to three dollars seventy nine cents
a share it had seen three sixty eight to three
seventy four. So again a bump to the upside, and
again the stock moving just a little bit higher, up
about eight tens ofven percent here in the aftermarket.
Speaker 1 (05:18):
Okay, I'm watching core Weave, which in the after hours
is moving higher. This is relatively new company to go public.
It operates in the data and AI data management space.
Core Weaves first quarter revenue coming in at nine hundred
and eighty one point six million dollars, first quarter adjusted
EBADEC coming in at six hundred and six point one
million dollars, first quarter adjusted ebite margin of sixty two percent,
(05:41):
first quarter lost per share of one dollar and forty
nine cents. The company did hit a record high ahead
of that first earnings report. Shares in the after hours
right now hire by about three percent.
Speaker 6 (05:52):
Yeah, but it's really going to depend on what kind
of commentary they give in their outlook, because people are
really looking at Core Weave as perhaps a barometer for
and willingness of companies to spend on building out those
data centers. So it's going to be the big read
on AI spending until we get to Nvidia in a
couple of weeks.
Speaker 2 (06:10):
The Stockmover's 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.
Bloomberg Audio Studios, podcasts, radio News.
Speaker 2 (00:08):
The Stock Movers Report, your roundup of companies making moves
in the stock market. Harnessing the power of Bloomberg Data.
Speaker 3 (00:17):
Maybe a positive sign.
Speaker 4 (00:18):
We actually had an IPO that did really well today.
Speaker 3 (00:21):
I know exactly exactly.
Speaker 4 (00:24):
It's like opportunity come to market e toro. This one
at its highs up almost forty three percent today session
its first day of trading as a public entity, closing
with just shy of a twenty nine percent gain. We
should put out the trading and investment platform and some
of its backers raising nearly six hundred twenty million dollars.
Speaker 3 (00:42):
It was an.
Speaker 4 (00:43):
Upsized IPO, so that was also another positive sign.
Speaker 3 (00:46):
I'm going to move on to super Micro because.
Speaker 4 (00:48):
This one, it is your biggest gainer in the S
and P five hundred, and it was also active in
the Nasdaq one hundred, a gain of about almost sixteen percent.
Here this after after Saudi Arabia based data center company
data Volt signs a multi year partnership agreement with the company.
Stock has rallied like more than forty percent this week.
(01:10):
It's on track for its best week since November. So
a lot of attention on that one, and so yeah,
popping to the pside another name that plays certainly into
the tech space.
Speaker 3 (01:21):
We're talking about AMD.
Speaker 4 (01:22):
This is your second biggest gainer in the Nasdaq one hundred,
and it is your second biggest gainer I believe, no,
fourth biggest gainer in the S.
Speaker 3 (01:30):
And P five hundred.
Speaker 4 (01:31):
So again a now performer, up about four point seven
percent today, the company's board approving a six billion dollars
share buyback plan, about three point three percent of the
company's current market value according to our Bloomberg data, So
that was a big deal. I also want to point
out BAA saying and Vidia and AMD a big opportunity
related to AI infrastructure projects with Saudi Arabia, all that
(01:52):
news out of the Middle East, a lot of it
has had to do with chips and AI developments.
Speaker 3 (01:56):
And one more I just want to mention.
Speaker 4 (01:57):
Because Alphabet it was also a top gainer in the
S and P and Nasdaq. It was up about three
point seven percent in today's session. In terms of news,
Benzinga highlighting Davidson, analyst who said in an interview with
Yahoo Finance, there's a whiteboard on that one proposing that
Alphabet should contemplate splitting up Google's various businesses to enhance
its overall value, and said that the value could skyrocket
(02:20):
to three over three trillion dollars with a Google Big
Band breakup over isolated spin offs. So, I don't know,
just some interesting speculation there.
Speaker 1 (02:29):
You had an easy job at the Gainers today. I
had to search far and wide to find a few stocks.
What'd you say, Scarlett, I scrounched them up.
Speaker 3 (02:37):
I did.
Speaker 1 (02:37):
I scrounched them up. You have to explain a few
of them. I want to start with Lockheed Martin shares
felling after the company's management set and an industry conference
earlier today that they see some quote additional cost pressure
on their classified aeronautics program. That's all we know because
it's classified. It's down about two point three percent on
the day today. American Eagle Outfitters also falling today. We're
(02:58):
getting more retail stocks this week, and we'll hear from
Walmart tomorrow. Before that, though, American Eagle Outfitters falling after
the company pulled its guidance for the full year due
to a disappointing first quarter with a three percent decline
in comp sales, a five percent decline in revenue from
a year earlier. They're also registering a seventy five million
dollars charge related to a write down of spring and
summer merchandise. They withdrew their outlook due to macro uncertainty,
(03:22):
which I didn't call that tariff specifically with that withdrawing
of the outlook, but I guess you could throw a
word for yes. Right, that's what we talked about a
little earlier too. Yeah, it kind of means all the
same thing. And finally, KinderCare ticker KLCUS down eight and
a half percent today. It's an Oregon based early childhood
education and childcare services company. They shares fell as much
(03:43):
as fifteen percent in the session, ended off its lows.
The company reported first quarter revenue that missed estimates. Operating income,
though did beat analyst estimates, and the company maintained its
full year twenty twenty five guidance. Analysts flagged to delay
in new customer enrollments as the main driver for the
revenue miss.
Speaker 5 (04:00):
All right, guys, I want to go to the bond market,
because if you're bored by the equity market, just go
ahead and look at the bond market, because that actually
fun things did stuff there. You had the front end
bond market up by about five basis points, that back
end up as well about six basis points. So the
whole curve hasn't gotten any steeper, but the whole curve
is rerating a bit higher. I kept hearing how four
was going to be that top on the two year,
(04:22):
but we're above that now, both of them, for the
two and the ten, they're at the highest level since
the end of February. And is that a reaction to
the to the GOP tax bill in Washington or is
that just some sort of rebalancing, or is that position
resizing as we continue to get this data coming through.
Speaker 4 (04:40):
All right, guys, let's get to some earnings crossing. We're
talking about Cisco. Let's go right to the red sticky
because it's about the outlook. So the company sees fiscally
your revenue fifty six point five to fifty six point
seven billion dollars. It had seen fifty six to fifty
six point five, so a little bit of a movement
to the upside. The stock is moving just a little
bit higher as well, up a two tenths of a percent.
(05:01):
The company also seeing fiscal year adjusted EPs a three
dollars seventy seven cents to three dollars seventy nine cents
a share it had seen three sixty eight to three
seventy four. So again a bump to the upside, and
again the stock moving just a little bit higher, up
about eight tens ofven percent here in the aftermarket.
Speaker 1 (05:18):
Okay, I'm watching core Weave, which in the after hours
is moving higher. This is relatively new company to go public.
It operates in the data and AI data management space.
Core Weaves first quarter revenue coming in at nine hundred
and eighty one point six million dollars, first quarter adjusted
EBADEC coming in at six hundred and six point one
million dollars, first quarter adjusted ebite margin of sixty two percent,
(05:41):
first quarter lost per share of one dollar and forty
nine cents. The company did hit a record high ahead
of that first earnings report. Shares in the after hours
right now hire by about three percent.
Speaker 6 (05:52):
Yeah, but it's really going to depend on what kind
of commentary they give in their outlook, because people are
really looking at Core Weave as perhaps a barometer for
and willingness of companies to spend on building out those
data centers. So it's going to be the big read
on AI spending until we get to Nvidia in a
couple of weeks.
Speaker 2 (06:10):
The Stockmover's 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.
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