00:00My first stock is Dell, and the stock is soaring here in the pre-market. It's up 34%,
00:05but guess what? It was doing better even earlier when it was up 40%. So after yesterday's closing
00:11bell, Dell came out with earnings and sales that were much better than expected. In fact,
00:16sales were up 88% year-over-year growth. I think that's the best sales year since the
00:22company went public again. Remember that back in 2018? Now, Dell also out with an annual sales
00:28outlook that far surpassed analyst estimates. And you know what's fueling it? Because when I think
00:33Dell, I don't know about you, but I think PCs, right? Nope. Servers that are firing up AI. So
00:39even Dell is now an artificial intelligence play. My brother is a big shot in this. And he said,
00:47the single biggest thing is you must buy computing power. Oh yeah, to be in the game.
00:54Every house. It's a SaaS hour house. They're buying three Apple products this month. I'm no
00:59stranger to compute, Tom. I mean, we have a lot of different devices around. I think I'm paying for
01:05like half of, I don't know, whatever. The lights do. Between that and the streaming services. I don't
01:10know. Exactly. Next. Okay. Let's go to Gap, shall we? Because not a great day for Gap shareholders.
01:17The stock is down about 16%. And remember, it's much more than just Gap. And by the way,
01:21it's not the Gap. I know people go, I'm going to go to the Gap. It's Gap. Fall into the
01:26Gap.
01:26Remember that campaign? We call it the Gap. All right. You know, I like to be correct.
01:31So what happened? So, all right. Gap owns Banana Republic,
01:34Old Navy, and Athleta. And the problem here has been Old Navy. Revenue outlook,
01:40one to 2% growth after sales in the Old Navy brand slowed down. They said people are just not
01:46connecting with a lot of the merchandise. They thought there would be better sales of some of its
01:50spring and dresses. That is not happening. And also Athleta, that's that athleisure
01:57retailer. Sales there down 11% last quarter. Gap itself actually saw sales jump 10%. And Banana
02:05Republic doing okay for the company. But overall, Old Navy continues to be a drag on Gap. And we're
02:11seeing that in the stock price today. Stock is also down about 2% year to date.
02:15We should get Dana Telsey back in here. I mean, I see right now, yeah,
02:17shares of competitor American Eagle Outfitters has also just had a double digit drop. So I guess
02:22it's kind of spreading out into the wider sector. Yeah, the earnings were just not spectacular from
02:25these companies. All right, let's move over back to tech. NetApp rallying 20%. This is the data
02:31storage provider reported its latest earnings with a strong print showing strong growth. The stock jumped
02:38after the enterprise data storage company reported results that were better not only on the top and
02:43bottom lines, but also its outlook. And that's really right. What we're what we're always focusing
02:47on is what are you going to do for me in the future? And that's also strong. It's up 40
02:51% since the Red
02:52Sox went three in a row. I mean, I can't I just can't keep up. Good morning, San Jose, 11
03:00,700.
03:01Like, what's their starting salary? Like 300,000 a year? Oh, is that it? It's got to be it's got
03:06to
03:06be something crazy. It's got a George Curie and if Rob Schiffman, oh, no net app. I love that you
03:12do
03:12this, Alexis. I mean, the net app. I mean, the bottom line is this is what our guests are talking
03:18about. What do you do after you own the top seven stocks? I mean, right. And a lot of people
03:24are saying
03:24this thing this rally needs to broaden out. But just really quick on net app earnings up 26% year
03:29over
03:29year sales up 12%. And it expects sales of 1.8 billion in the current quarter. So enviable
03:36position there for net app. Do you want one more trick? Autodesk. All right. Autodesk down 7%.
03:43It's an engineering software maker. It agreed to buy maintain X. This is a cash deal worth $3.6 billion.
03:52They're going to use about 1.6 billion in cash and then borrow the rest. But Wall Street says, look,
03:57it's an expensive deal, but this is a strong strategic move for Autodesk.
04:01I'm surprised you didn't do all Greek stocks.
04:03Well, you know, Autodesk.
04:05Oh, it's coming.
04:06Autodesk ticker symbol ADSK. If you say ADSK to anybody who's ever worked at Bloomberg,
04:11the ADESK, you should, you know, people have the scars to show for it.
04:15It's a podcast. Alexis Christophorus, thank you so much.
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