Week Ahead: Oracle, Adobe, and Macy’s

0:00Some people treat Chachy PT like some kind of smart search engine, and some use it to get work done. Chachy PT work is a new way of working in Chachy PT that can take action across your apps and files, stay with a project for hours if needed, and turn a goal into finished work. It's designed to help you move from a chaotic starting point to a reviewable first version. So all the source materials, briefs, and scattered information that you have to grind through to turn into something useful can just become something useful. Put Chachy PT to work on your most ambitious ideas and projects. Get started at chachypt.com by selecting Work Mode, available on plus and pro plans. Bloomberg Audio Studios, podcasts, radio, news. The Stock Movers Report, your round up of companies making moves in the stock market, harnessing the power of Bloomberg data. Let's take a look now at some stocks making news in the week ahead.

1:02I'm Nathan Hager with Bloomberg Equities Reporter Carmen Reinecke. I say week ahead, Carmen, but it seems like everything stacked on Thursday, because we're going to hear from a bunch of names just that day alone, maybe the biggest earning story that day is going to be Oracle. What are we expecting from this company that's going to become an AI bellweather, right? I was going to say exactly the same thing. Thursday is the day to be watching for next week. Your right Oracle is one of the premier names. This is ticker ORC. It's going to report results on Thursday. The stock has been on a little bit of a down slide. Shares around about 40% from the start of June and down more than 20% so far this year, which is out-and-track for its worst annual performance since 2001. I think this earnings report is going to be really important to maybe potentially reverse some of this downward selling that we're seeing. Analysts are overwhelmingly bullish here and they expect adjusted earnings per share to grow. 18% in the quarter-end revenue to grow. 28% to 19 billion.

2:02Bloomberg intelligence is looking for strong results here and saying that strong results from hyper-scale cloud providers and the new clouds point to better end markets for AI infrastructure. It suggests that Oracle cloud infrastructure could have a solid fiscal 2027 gross guidance that could exceed the consensus. That's really important and it's what investors will be watching for on- Is part of the story here that just the fact that Oracle's been on such a down slide that any positivity is just going to move the stock higher? Is that what analysts are thinking right now? I think it's a little bit more complicated than that just because we've seen such high-barred environment for earnings lately that good news isn't always rewarded. I think that good news could really help the stock here. It's been really beaten down but it's going to have to sort of swage a lot of concerns that are in the market right now. So, obviously, we're going to hear from Oracle but we're also going to hear this week on Thursday from

3:05Adobe, a company that there'd been some SaaS apocalypse fears around, I think, a while back. Is that still overshadowing Adobe, Kermit? That is such a good question here from Adobe. This is ticker ADBE. This stock has really been on a tear lately. It actually shares up 45% from the end of June. A lot of it is because of this rebound in software stocks as some of these SaaS apocalypse fears go away. So, earnings are going to be really important here to keep this rally potentially going. The stock is still really beaten down if you look back over the last few years. So, earnings could be a great catalyst. Analysts are expecting adjusted EPS of about $6 a share. 14% jump from the same period a year ago. Revenue about the same jump to 6.7 billion. So, what's big here is just AI disrupting these companies as much as investors

4:05had initially feared, which is what really brought down a lot of the software stocks. After Salesforce earnings last week, I think there's more positivity in the market. People are looking for proof that these companies can integrate AI and it can help them instead of disrupt their business. Aside from tech, we're also going to hear on Thursday from Macy's way apart from big tech. We go to big department stores. What are we expecting along 34th Street? I know. A very different part of the market indeed. So, this will be really interesting. Analysts are expecting pretty flat revenue growth. So, almost like no revenue growth from the same quarter last year, 4.8 billion revenue in the quarter and adjusted earnings of $0.36 per share, which is actually a little bit down from the same quarter last year. I think what's most important is looking for the impacts of things like tariff refunds against sales expectations. So, we've seen some weakness in retailer results last week.

5:08Coals reported and those results were mixed. So, looking for the health of retailers and the health of consumers is going to be really important. And this stock has also been a little bit weak lately. So, shares are down about 15% from an early August peak. So, earnings are always an important catalyst. But again, here, solid results could maybe reverse some of this decline while if there is sort of a negative reaction we could see more selling ahead. Well, it has to be said. I mean, Macy's over the last several quarters have managed to beat expectations. And most of its last few reports are analysts feeling kind of positive again this time around when it comes to what we get, you know, heading into the holidays as well. And thinking about the, you know, Thanksgiving parade. It's not too soon to think about that, I guess. You know, I think that's a great question. And there are a lot of overhangs. I will say they're going into the end of the year and sort of this holiday season. So, I think the bar has been sort of raised for Macy's having some really solid earnings

6:10reports in the last few quarters. And so, what they say about that forward guidance is going to be really important. This stock movers report from Bloomberg Radio. Check back with us throughout the day for the latest round up of companies making news on Wall Street. And for the latest market moving headlines, listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business app. Some people treat Chachy PT like some kind of smart search engine. And some use it to get work done. Chachy PT work is a new way of working in Chachy PT that can take action across your apps and files, stay with a project for hours if needed, and turn a goal into finished work. It's designed to help you move from a chaotic starting point to a reviewable first version. So, all the source materials, briefs, and scattered information that you have to grind through to turn into something useful can just become something useful.

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