Burlington Lower; Dollar Tree and Snowflake Jump | Stock Movers

Hinzugefügt: 2026-05-30

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[00:00:08]>> The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

[00:00:16]>> Let's take a look at some stocks on the move today. I'm Nathan Hager, [music] joined by Bloomberg's Dan Curtis keeping an eye on earnings this morning, not just in tech, but we got results from uh couple of uh retail names. I I want to call them Burlington Coat Factory, but I know they're called Burlington [music] Stores. Um how'd they do this morning, Dan? Good morning.

[00:00:34]>> Good morning, Nathan. That's right.

[00:00:36]Burlington Stores, uh ticker BURL. Those shares are down about 2 and 1/2% in premarket after earnings. I will put a bit of a caveat in that one. Trading has been relatively light. We've got a few trades since uh since the earnings came out, but the markets are still digesting that, so we're looking for those shares to bounce around a bit in the premarket.

[00:00:53]However, first quarter top and bottom line beat estimates. The company is boosting its adjusted earnings per share outlook for the year. It sees a low end range of a $1.45 near S which is around estimates, top end well above estimates.

[00:01:07]However, comparable sales for this year 2 to 4%. Wall Street was looking for a little bit more, uh around 3.2%. So, the comparable sales growth this year looks a little bit light when looking at that midpoint.

[00:01:19]>> Well, it looks like we're seeing a lot more volume for Dollar Tree after their results. This stock is soaring premarket.

[00:01:25]>> Oh, yeah. Up 10% as the uh discount retail store posted first quarter net sales that meet estimates. Earnings came out ahead of what Wall Street was looking for. Second quarter guidance was stronger than Wall Street was expecting, and the company is raising its full year adjusted EPS outlook while maintaining that sales forecast. Dollar Tree's looking to continue to expand. So, in the past quarter, it added 113 new stores. It plans to add 400 for the entire year. So, DLTR up over 10% in the premarket. They are uh investors are welcoming that news.

[00:01:58]>> Well, as if uh 10% gain weren't enough, we've got to talk about Snowflake. This this stock is just off the chain this morning.

[00:02:07]>> Absolutely. It is just absolutely up in the sky. Snowflake, it's a software company and it is giving stronger than expected outlook for the current fiscal year. That has shares up 36% in pre-market under ticker Snow S N O W.

[00:02:22]Company also announced a $6 billion multi-year agreement to use Amazon's cloud services and chips and Snowflake Snowflake is seeing increased demand for its main data products. It has developed AI focused tools to push back against you know, kind of this AI is going to kill software theme that we've been reading about a lot. It has customers using AI assisted coding tools and the number of clients doing that has doubled from the past quarter. So as it weaves AI into its software, it is definitely seeing a strong response from clients on that front.

[00:02:53]>> Well, there is of course another side of the coin to the software story.

[00:02:58]Salesforce not doing so hot.

[00:03:01]>> Yeah, again, AI adoption is playing out here. Salesforce is down about 1% in the pre-market ticker CRM. The company is forecasting revenue for the current period of 11.3 billion dollars and that is shy of Wall Street estimates. That's unnerving investors concerned about AI disruption. It beat first quarter top and bottom line estimates but remaining performance obligations and that's a measure of future sales was slightly below estimates reinforcing concerns over the outlook. So a lot of this is coming down to how well are these software companies integrating AI? Are they be able to monetize it? And that is the concern around Salesforce.

[00:03:39]Salesforce has been promoting its own AI tool. It's called Agent Force. The company says it's on track to contribute $1.2 billion in fiscal revenue this year but still not [music] quite what investors were looking for.

[00:03:50]>> This stock movers report from Bloomberg Radio. Check back with us throughout the day for the latest [music] roundup of companies making news on Wall Street.

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