00:00 Speaker A
Now it’s time for some of today’s trending tickers. We are watching Meta and Google, BJ’s Wholesale, and Zoom. First up, Meta and Google inking a $10 billion deal. Google winning the multi-billion dollar cloud contract from Meta. It’ll span over six years. The information reporting the news and the deal, which comes as Alphabet looks to ramp up big cloud contracts to compete with Amazon and Microsoft. Next up, BJ’s wholesale lifting its profit forecast for the year. While earnings per share were strong, comparable club sales excluding gas did miss expectations. City analysts, who have a buy rating on the stock, said the print should calm investors that, quote, nothing is broken with the business except some macro choppiness. Finally, Zoom topping second quarter expectations with revenue up nearly 5% year over year. The video conferencing company also raised its full year revenue guidance on demand for AI tools. Its AI companion feature now has, quote, millions of monthly active users, up four times compared with the prior year. You can scan the QR code below to track the best and worst performing stocks with Yahoo Finance’s trending tickers page.
