1
00:00:02,520 --> 00:00:08,720
Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:15,880
Speaker 2: the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,640 --> 00:00:19,000
Speaker 1: I'm Carol Masser along with Tim Stanevek. Let's take a

5
00:00:19,000 --> 00:00:21,079
Speaker 1: look at some stocks on the move today. Bloomberg News

6
00:00:21,079 --> 00:00:23,759
Speaker 1: Earning specialist Rachel Pua with us with Stockmovers.

7
00:00:24,400 --> 00:00:27,120
Speaker 3: Yeah, so today we saw Goldman and Morgan Sandy both

8
00:00:27,160 --> 00:00:30,360
Speaker 3: having pretty good DASA, ending a pretty good streak for

9
00:00:30,520 --> 00:00:33,960
Speaker 3: Wall Street's biggas banks. We saw Goldman Sex posting record

10
00:00:33,960 --> 00:00:38,280
Speaker 3: revenue in its equities trading business, easily beating expectations. Is

11
00:00:38,280 --> 00:00:41,200
Speaker 3: Global Banking and Markets division also noted a full year

12
00:00:41,240 --> 00:00:44,760
Speaker 3: record over at Morgan Stany's strength and debt underwriting help

13
00:00:44,840 --> 00:00:47,320
Speaker 3: the business set a record in debt business as well.

14
00:00:47,520 --> 00:00:49,720
Speaker 3: So Morgan Sandy end of the day about six percent

15
00:00:49,800 --> 00:00:52,360
Speaker 3: higher and Goldman right behind up five percent.

16
00:00:52,720 --> 00:00:53,880
Speaker 4: Can we talk about skiing?

17
00:00:55,040 --> 00:00:58,480
Speaker 1: Oh wait, Tim Stanovic wants to talk about skiing.

18
00:00:58,880 --> 00:01:03,320
Speaker 4: Understatement Vale Resorts ticker MTN out with some news today

19
00:01:03,440 --> 00:01:04,360
Speaker 4: not so good for the stock.

20
00:01:04,760 --> 00:01:06,919
Speaker 3: Yeah, so, you know, one of the largest ski resort

21
00:01:06,959 --> 00:01:11,399
Speaker 3: operators in the world didn't look so good. It's a guidance.

22
00:01:11,680 --> 00:01:14,199
Speaker 3: The company kind of cut its out look today after

23
00:01:14,319 --> 00:01:18,080
Speaker 3: one of the weakest early ski seasons and decades. Snow

24
00:01:18,120 --> 00:01:20,880
Speaker 3: at its western US resort areas like the Rockies and

25
00:01:20,920 --> 00:01:24,000
Speaker 3: Tahoe are kind of running far below average, and so

26
00:01:24,080 --> 00:01:26,200
Speaker 3: does it kind of you know, some skiers are kind

27
00:01:26,240 --> 00:01:28,279
Speaker 3: of avoiding going down the hills.

28
00:01:28,360 --> 00:01:28,520
Speaker 2: You know.

29
00:01:29,480 --> 00:01:32,200
Speaker 3: They say that visits in North America were down twenty

30
00:01:32,200 --> 00:01:35,440
Speaker 3: percent to early jen and now it says earnings could

31
00:01:35,480 --> 00:01:38,760
Speaker 3: fall below prior guidance even if snowfall improves date to

32
00:01:38,840 --> 00:01:39,280
Speaker 3: this winter.

33
00:01:39,800 --> 00:01:42,399
Speaker 4: Yeah, it's really really bad out there. I mean if

34
00:01:42,400 --> 00:01:44,240
Speaker 4: you I have actually had some friends send me a

35
00:01:44,240 --> 00:01:49,840
Speaker 4: photo recently doing a bike ride that you typically can

36
00:01:49,880 --> 00:01:53,760
Speaker 4: only do outside of winter that he was able to do.

37
00:01:53,960 --> 00:01:56,840
Speaker 4: He said, I've never done this ride in the winter before,

38
00:01:57,000 --> 00:01:58,600
Speaker 4: and he like sent this photo to me and he's

39
00:01:58,600 --> 00:02:00,720
Speaker 4: like on a dirt road area that should have a

40
00:02:00,760 --> 00:02:01,280
Speaker 4: lot of snow.

41
00:02:01,360 --> 00:02:02,600
Speaker 1: Wow, that's really bad.

42
00:02:02,800 --> 00:02:04,280
Speaker 4: So the thing that we have to remember about a

43
00:02:04,280 --> 00:02:07,040
Speaker 4: company like Ville Resorts is it's not just lift tickets.

44
00:02:07,040 --> 00:02:09,200
Speaker 4: I mean, that's certainly an important part of their business,

45
00:02:09,200 --> 00:02:12,600
Speaker 4: but if people aren't skiing, they're not buying burgers and

46
00:02:12,639 --> 00:02:15,440
Speaker 4: beers on the mountain. They're not signing up for ski

47
00:02:15,520 --> 00:02:18,520
Speaker 4: school and paying those exhort what many people say are

48
00:02:18,560 --> 00:02:21,679
Speaker 4: exorbitant rates for ski school. They're not renting as much

49
00:02:21,680 --> 00:02:24,799
Speaker 4: equipment from stores that vill Resorts owns. They're not staying

50
00:02:24,800 --> 00:02:28,519
Speaker 4: in the hotels or on the property. The whole ecosystem

51
00:02:28,560 --> 00:02:31,880
Speaker 4: revolves around the snow and the snow being good. Look,

52
00:02:32,080 --> 00:02:35,919
Speaker 4: it's still early in the season. The resorts spokespeople came

53
00:02:35,919 --> 00:02:38,200
Speaker 4: out and said recently, just a reminder that it's kind

54
00:02:38,200 --> 00:02:40,440
Speaker 4: of like a little later in the season is when

55
00:02:40,480 --> 00:02:43,320
Speaker 4: we typically get the most snow. So although this month,

56
00:02:43,400 --> 00:02:46,160
Speaker 4: in the remainder of this month doesn't look good, stay

57
00:02:46,200 --> 00:02:48,679
Speaker 4: tuned for what happens next. It's all out of their control, though,

58
00:02:48,720 --> 00:02:49,240
Speaker 4: so you know.

59
00:02:49,200 --> 00:02:49,640
Speaker 2: Who knows.

60
00:02:49,880 --> 00:02:52,320
Speaker 1: All right, let's get to a stock that actually hit

61
00:02:52,360 --> 00:02:55,760
Speaker 1: a fifty two week high in the regular session, but

62
00:02:56,120 --> 00:02:58,399
Speaker 1: in the aftermarket not so great.

63
00:02:58,480 --> 00:03:01,760
Speaker 3: Rachel, Yeah, so I think there were quite lofty expectations

64
00:03:01,760 --> 00:03:06,200
Speaker 3: for Jbehunt Taker JBHT. The truck carriager just kind of

65
00:03:06,200 --> 00:03:09,480
Speaker 3: reported fourth quarter revenue that's just kind of shy of estimate,

66
00:03:09,880 --> 00:03:11,920
Speaker 3: but it kind of shows that, you know, free demand

67
00:03:12,000 --> 00:03:14,680
Speaker 3: is still soft. You know, volumes are still down. People

68
00:03:14,720 --> 00:03:17,280
Speaker 3: are still maybe not buying as much as they were

69
00:03:17,360 --> 00:03:21,840
Speaker 3: just during the pandemic. Jbehunt actually reported profits that beat expectations,

70
00:03:21,840 --> 00:03:24,720
Speaker 3: which were based on cost cuts. But I think just

71
00:03:24,840 --> 00:03:27,760
Speaker 3: you know, It's stock was rallying since October when this

72
00:03:27,880 --> 00:03:31,079
Speaker 3: last report had surprise investors, so this time rounding investors

73
00:03:31,080 --> 00:03:34,000
Speaker 3: were just not as you know, just wasn't as.

74
00:03:33,840 --> 00:03:39,360
Speaker 2: Excited this stock movers report from Bloomberg Radio. Check back

75
00:03:39,360 --> 00:03:41,600
Speaker 2: with us throughout the day for the latest roundup of

76
00:03:41,640 --> 00:03:44,960
Speaker 2: companies making news on Wall Street and for the latest

77
00:03:44,960 --> 00:03:49,200
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

78
00:03:49,200 --> 00:03:52,920
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

79
00:03:52,960 --> 00:03:54,960
Speaker 2: Auto with the Bloomberg Business app.