1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,720 --> 00:00:19,560 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,560 --> 00:00:22,720 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Pretty Gooped on a 6 00:00:23,079 --> 00:00:26,759 Speaker 1: fairly busy morning, Critty. When it comes to earnings, we've 7 00:00:26,760 --> 00:00:30,680 Speaker 1: got some movement for Xpedia. Tell us more good morning. 8 00:00:30,680 --> 00:00:33,520 Speaker 3: Good morning, Nathan. If you had any concern of whether 9 00:00:33,640 --> 00:00:36,599 Speaker 3: or not people were traveling to the United States, this 10 00:00:36,680 --> 00:00:39,280 Speaker 3: is a great example to say things are rough in 11 00:00:39,320 --> 00:00:42,440 Speaker 3: the travel space, and that's where Expedia numbers are coming 12 00:00:42,960 --> 00:00:46,520 Speaker 3: pretty pretty brutal here, down about nine point seven percent 13 00:00:46,560 --> 00:00:50,400 Speaker 3: for the stock expe trading at one hundred and fifty 14 00:00:50,479 --> 00:00:53,920 Speaker 3: two dollars a share. Now, Expedia cut their full year 15 00:00:53,960 --> 00:00:56,880 Speaker 3: outlook again, really saying that this is coming from a 16 00:00:57,000 --> 00:01:00,400 Speaker 3: faltering US demand story. They're saying their gross bookings numbers 17 00:01:00,400 --> 00:01:04,440 Speaker 3: and revenue numbers are seeing some pressure weaker than expected 18 00:01:04,440 --> 00:01:07,440 Speaker 3: domestic and inbound travel in the United States. I've already 19 00:01:07,440 --> 00:01:09,080 Speaker 3: seen evidence of that in the start of the year, 20 00:01:09,280 --> 00:01:12,680 Speaker 3: and I expect that to to continue into the rest 21 00:01:12,800 --> 00:01:15,520 Speaker 3: of twenty twenty five as well. They're also pointing out 22 00:01:15,520 --> 00:01:19,000 Speaker 3: that two thirds of their business comes from the United 23 00:01:19,040 --> 00:01:22,080 Speaker 3: States as well, so even externally, the demand going into 24 00:01:22,160 --> 00:01:24,120 Speaker 3: the US was weak, but so with some of the 25 00:01:24,200 --> 00:01:27,520 Speaker 3: domestic demand as well. But this does come in line 26 00:01:27,600 --> 00:01:29,399 Speaker 3: or in contrast to the way you're hearing from the likes 27 00:01:29,400 --> 00:01:32,440 Speaker 3: of booking dot Com and Airbnb as well. They actually 28 00:01:32,440 --> 00:01:35,560 Speaker 3: both beat their estimates, but also issued some similar warnings, 29 00:01:35,560 --> 00:01:38,039 Speaker 3: So that's kind of a double whaemi there for Expedia. 30 00:01:38,120 --> 00:01:41,680 Speaker 3: EXPE down now almost ten percent this morning, trading at 31 00:01:41,680 --> 00:01:44,679 Speaker 3: one hundred and fifty two dollars a share. Nathan, in 32 00:01:44,760 --> 00:01:46,960 Speaker 3: terms of big swings, I've got another one for you here, 33 00:01:47,319 --> 00:01:50,600 Speaker 3: and that is lift actually moving to the upside quite 34 00:01:50,640 --> 00:01:54,280 Speaker 3: a bit lyft is your ticker high by eleven and 35 00:01:54,320 --> 00:01:58,200 Speaker 3: a half percent, trading at fourteen dollars and change. They 36 00:01:58,320 --> 00:02:01,200 Speaker 3: report a surprise first quarter fish, I'm a double digit 37 00:02:01,280 --> 00:02:04,480 Speaker 3: gross bookings growth. You. I'd think that's all real a 38 00:02:04,480 --> 00:02:07,080 Speaker 3: bit of a tailwind for the stock. On top of that, 39 00:02:07,480 --> 00:02:10,600 Speaker 3: getting a big pat on the back from none other 40 00:02:10,639 --> 00:02:14,959 Speaker 3: than Goldman Sachs upgrading the company from neutral to a buy, 41 00:02:15,160 --> 00:02:18,360 Speaker 3: installing a twenty dollars price target. So Nathan trading just 42 00:02:18,360 --> 00:02:21,200 Speaker 3: shy fifteen dollars a share at the moment. That's with 43 00:02:21,320 --> 00:02:24,360 Speaker 3: it's eleven percent surge Goldman Sachs saying it has about 44 00:02:24,360 --> 00:02:27,079 Speaker 3: five dollars more to go, and so a real vote 45 00:02:27,080 --> 00:02:28,200 Speaker 3: of confidence. 46 00:02:27,760 --> 00:02:28,840 Speaker 1: For lift shares. 47 00:02:28,960 --> 00:02:31,920 Speaker 3: Yeah. Absolutely. Let's talk about Pindrest as well, because they 48 00:02:31,919 --> 00:02:35,400 Speaker 3: are also having a good day. Pi ns is your ticker, 49 00:02:35,639 --> 00:02:39,000 Speaker 3: hired by about thirteen percent this morning, trading at thirty 50 00:02:39,040 --> 00:02:43,359 Speaker 3: one dollars and change. They are surging because they used 51 00:02:43,639 --> 00:02:47,440 Speaker 3: the magic word in technology, which is two magic words, 52 00:02:47,480 --> 00:02:50,239 Speaker 3: which is artificial intel. It's almost got there. Yeah, that 53 00:02:50,639 --> 00:02:52,440 Speaker 3: that I was gonna say, Ai, I tried. 54 00:02:52,600 --> 00:02:53,200 Speaker 2: It's Friday. 55 00:02:53,240 --> 00:02:55,840 Speaker 3: Give me some give me some some slack if you will, no, 56 00:02:56,000 --> 00:02:59,359 Speaker 3: I will thank you. This is this is exactly what 57 00:03:00,040 --> 00:03:02,519 Speaker 3: worked for their for their favor. When it comes to 58 00:03:02,560 --> 00:03:05,000 Speaker 3: their earnings picture, they're talking about second quarter revenue guidance 59 00:03:05,240 --> 00:03:08,400 Speaker 3: that topped estimates at their midpoint. So a lot of 60 00:03:08,400 --> 00:03:10,880 Speaker 3: the concerns you saw on the likes of Alphabet, for example, 61 00:03:10,960 --> 00:03:13,639 Speaker 3: or Meta that if you're worried about a recession or 62 00:03:13,680 --> 00:03:16,600 Speaker 3: slow down in business investment or slow down in advertising 63 00:03:17,000 --> 00:03:20,240 Speaker 3: pindrast is saying they're not actually that concerned about the 64 00:03:20,280 --> 00:03:22,640 Speaker 3: read through there because some of those AI efforts are 65 00:03:22,680 --> 00:03:25,720 Speaker 3: going to offset any sort of growth hits that may 66 00:03:25,720 --> 00:03:27,840 Speaker 3: come down the pike. The revenue they're now talking about 67 00:03:27,840 --> 00:03:30,160 Speaker 3: a second quarter expected to be from nine hundred and 68 00:03:30,200 --> 00:03:32,520 Speaker 3: sixty million to nine hundred and eighty millions, so that 69 00:03:32,600 --> 00:03:36,040 Speaker 3: is actually a boost from their previously their previous numbers 70 00:03:36,080 --> 00:03:38,880 Speaker 3: that they had talked about as well. And then they 71 00:03:38,880 --> 00:03:41,640 Speaker 3: are just really building out their online search and discovery 72 00:03:41,680 --> 00:03:44,360 Speaker 3: site business as well. So good things for the for 73 00:03:44,480 --> 00:03:46,200 Speaker 3: Wall Street to hear, and that's why you're seeing such 74 00:03:46,200 --> 00:03:48,840 Speaker 3: a boost in that stock as well. Pi NS hired 75 00:03:48,840 --> 00:03:52,400 Speaker 3: by about thirty percent, training at about thirty one dollars 76 00:03:52,400 --> 00:03:53,840 Speaker 3: in change. Anything. I just want to give you a 77 00:03:53,920 --> 00:03:56,120 Speaker 3: quick check on Coinbase here because we do know that 78 00:03:56,120 --> 00:03:59,720 Speaker 3: bitcoin has been on the move over overnight. So you 79 00:03:59,760 --> 00:04:04,400 Speaker 3: are Bitcoin trading at a one hundred and two thousand 80 00:04:04,360 --> 00:04:07,680 Speaker 3: dollars handle. I believe Coinbase, however, down by about one 81 00:04:07,680 --> 00:04:10,360 Speaker 3: point three percent, and that's an earning story pressure as well. 82 00:04:11,640 --> 00:04:15,960 Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us 83 00:04:16,000 --> 00:04:18,919 Speaker 2: throughout the day for the latest roundup. Of companies making 84 00:04:19,000 --> 00:04:22,600 Speaker 2: news on Wall Street, and for the latest market moving headlines. 85 00:04:22,720 --> 00:04:26,680 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 86 00:04:26,720 --> 00:04:29,520 Speaker 2: dot com, and on Applecarplay and Android Auto with the 87 00:04:29,520 --> 00:04:30,919 Speaker 2: Bloomberg Business App.