1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,280 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,280 --> 00:00:18,759 Speaker 1: at some stocks in the move today. 5 00:00:18,960 --> 00:00:20,040 Speaker 2: Alexis gets a start. 6 00:00:20,239 --> 00:00:22,119 Speaker 3: You're buttering me up, Tom, all right. I want to 7 00:00:22,120 --> 00:00:25,079 Speaker 3: start with Delta because really, overall travel stocks are doing 8 00:00:25,200 --> 00:00:27,560 Speaker 3: very well today because of this slide and oil prices. 9 00:00:27,600 --> 00:00:29,720 Speaker 3: But I'm going to hone in on Delta here. Their 10 00:00:29,760 --> 00:00:32,640 Speaker 3: first quarter earnings report was well timed with this iron 11 00:00:32,800 --> 00:00:36,560 Speaker 3: ceasefire because of the boost we're seeing in travel stocks. 12 00:00:36,600 --> 00:00:39,000 Speaker 3: But even without the ceasefire, I think investors would have 13 00:00:39,040 --> 00:00:41,239 Speaker 3: liked what they heard from Delta. So the company has 14 00:00:41,240 --> 00:00:43,960 Speaker 3: had this really quick response to the spike and fuel costs. 15 00:00:44,200 --> 00:00:49,159 Speaker 3: It implemented search charges, higher fares, It raised its baggage 16 00:00:49,200 --> 00:00:51,720 Speaker 3: fees just yesterday. You know a lot of other airlines 17 00:00:51,720 --> 00:00:54,280 Speaker 3: have done that too. You take all that and you 18 00:00:54,360 --> 00:00:56,640 Speaker 3: couple it with strong travel demand, and it led to 19 00:00:56,640 --> 00:00:59,680 Speaker 3: profit and revenue that beat expectations. They also have a 20 00:00:59,800 --> 00:01:03,360 Speaker 3: very upbeat outlook. And also Delta, you may not realize, 21 00:01:03,400 --> 00:01:04,840 Speaker 3: has its own oil refinery. 22 00:01:04,880 --> 00:01:07,039 Speaker 2: I didn't know I did kind of know that it 23 00:01:07,080 --> 00:01:09,600 Speaker 2: was such a unique thing airline that has it. 24 00:01:10,120 --> 00:01:11,920 Speaker 3: They are and it just shows to show you. I mean, 25 00:01:11,920 --> 00:01:14,600 Speaker 3: that's true of their life blood, right is fuel. So 26 00:01:15,200 --> 00:01:16,720 Speaker 3: that helped me. The fact that they have their own 27 00:01:16,720 --> 00:01:19,119 Speaker 3: refinery help reduce fuel costs by more than two percent 28 00:01:19,160 --> 00:01:21,720 Speaker 3: per gallon and is actually expected to provide a three 29 00:01:21,800 --> 00:01:24,800 Speaker 3: hundred million dollar benefit to Delta in the current quarter. 30 00:01:24,880 --> 00:01:27,240 Speaker 3: So the stock is up twelve percent right now, shaving 31 00:01:27,240 --> 00:01:29,639 Speaker 3: its loss so far this year to about five percent. 32 00:01:30,360 --> 00:01:33,280 Speaker 3: Let's move on to Levi's, now up eleven percent. Today 33 00:01:33,959 --> 00:01:37,560 Speaker 3: raised its projections for the year better than expected quarterly results, 34 00:01:37,600 --> 00:01:40,720 Speaker 3: citing strong demand in all regions and also the fact 35 00:01:40,920 --> 00:01:44,440 Speaker 3: that it's bringing customers to its own stores and its 36 00:01:44,520 --> 00:01:47,360 Speaker 3: own website. So it's sort of holding on to the 37 00:01:47,360 --> 00:01:51,720 Speaker 3: whole ecosystem, if you will. For the retailer, and they're 38 00:01:51,760 --> 00:01:55,720 Speaker 3: focusing on more tops, new styles of genes. They say 39 00:01:55,720 --> 00:01:58,120 Speaker 3: these efforts seem to be paying off despite the broader 40 00:01:58,160 --> 00:02:00,120 Speaker 3: pullback that we're seeing in retail. 41 00:02:00,320 --> 00:02:04,000 Speaker 2: I am a Levi's person now, Matt Miller. We got 42 00:02:04,040 --> 00:02:06,120 Speaker 2: into an argue about this because he gets the high 43 00:02:06,280 --> 00:02:10,240 Speaker 2: end genes. The style is designer and I'm sinking to. 44 00:02:10,400 --> 00:02:13,440 Speaker 3: Levi's with some cowboy boots the wide leg. There you go, 45 00:02:13,680 --> 00:02:16,679 Speaker 3: Levi's chief financial officer. By the way, Harmat Singh is 46 00:02:16,720 --> 00:02:19,440 Speaker 3: stepping down and they're going to start looking for his replacement. 47 00:02:19,440 --> 00:02:22,000 Speaker 3: But that didn't seem to impact the stock today. And 48 00:02:22,040 --> 00:02:24,320 Speaker 3: then we've got to talk about energy stocks, right, I mean, 49 00:02:24,360 --> 00:02:26,880 Speaker 3: travel stocks are doing well, and so it would make 50 00:02:26,960 --> 00:02:29,799 Speaker 3: sense that the energy stocks are falling as oil prices slide. 51 00:02:29,840 --> 00:02:33,240 Speaker 3: Exxon Mobile down five point seven percent year to date, 52 00:02:33,240 --> 00:02:35,840 Speaker 3: that would have still help thirty six percent and one 53 00:02:35,880 --> 00:02:39,640 Speaker 3: year return sixty three percent. Exon Mobile said six percent 54 00:02:39,680 --> 00:02:42,600 Speaker 3: of its global first quarter production was knocked out because 55 00:02:42,639 --> 00:02:44,960 Speaker 3: of the Iran War. Half of those outages, though, were 56 00:02:44,960 --> 00:02:48,799 Speaker 3: concentrated at a liquefied natural gas complex in a cutter 57 00:02:49,320 --> 00:02:51,840 Speaker 3: and which Exon's are actually a partner in that. It 58 00:02:51,960 --> 00:02:53,440 Speaker 3: still says it doesn't know when it's going to be 59 00:02:53,480 --> 00:02:56,760 Speaker 3: able to bring those back online, but get these numbers. 60 00:02:56,760 --> 00:02:59,440 Speaker 3: Exon expects first quarter gains of about two point one 61 00:02:59,520 --> 00:03:04,000 Speaker 3: billion from higher crude and four hundred million from natural 62 00:03:04,040 --> 00:03:07,760 Speaker 3: gas prices. But big oil executives have been warning that 63 00:03:07,800 --> 00:03:11,040 Speaker 3: the financial markets have really underestimated the severity of the 64 00:03:11,080 --> 00:03:14,040 Speaker 3: war's impact on energy supplies. They say, Look, it's upended 65 00:03:14,080 --> 00:03:17,280 Speaker 3: the perception of the golf as a safe and investible hub. 66 00:03:18,520 --> 00:03:22,520 Speaker 1: This stock Moover's report from Bloomberg Radio. Check back with 67 00:03:22,600 --> 00:03:25,160 Speaker 1: us throughout the day for the latest roundup of companies 68 00:03:25,240 --> 00:03:28,360 Speaker 1: making news on Wall Street and for the latest market 69 00:03:28,400 --> 00:03:32,880 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:32,960 --> 00:03:36,440 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:36,520 --> 00:03:38,000 Speaker 1: the Bloomberg Business app.