Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today. We can do that with Bloomberg's avalon
Speaker 3: for no Avlon. What are you looking at today?
Speaker 1: Start off with one of the top performers on the
Speaker 1: S and P five hundred this morning. That's Nxpiece in
Speaker 1: my conductor's ticker, NXPI, jumping twenty five percent to hit
Speaker 1: an intra day record. And that's after the chip maker
Speaker 1: reported first quarter results that surpassed expectations and also gave
Speaker 1: a second quarter forecast do beat estimates. Part of that optimism, though,
Speaker 1: which I found interesting, stems from growing demand from the
Speaker 1: auto industry as companies look to push more software defined
Speaker 1: cars and evs.
Speaker 3: That's right.
Speaker 4: I've kind of joke.
Speaker 3: I've been going to the CES conference in Vegas for
Speaker 3: like thirty years, and it used to be actually a
Speaker 3: consumer electronic show.
Speaker 4: Not anymore.
Speaker 3: Now it's an auto show, you know with you know
Speaker 3: so and my new vehicle. I just upgraded my lease
Speaker 3: expired so one from twenty twenty three months to twenty
Speaker 3: twenty six. Even that changed from three years. I have
Speaker 3: to relearn everything so much to change.
Speaker 4: Well, I mean the car is now just a tech
Speaker 4: gadget sun wheels.
Speaker 3: Yes, especially it's my iPhone with four wheels, is what
Speaker 3: I say.
Speaker 4: Well said prettaching.
Speaker 3: And that's a fifty two week high for NXP Semiconductors.
Speaker 3: What's next.
Speaker 1: What's next is Wingstop. That's ticker wing now following about
Speaker 1: five point eight percent. That's after the Chicken chain lowered
Speaker 1: its guidance for the full year as those first quarter
Speaker 1: same store sales fill below expectations. The results really confirmed
Speaker 1: investor concerns that customer traffic to the chain is continued
Speaker 1: to significantly drop off. Tdcowain writing that it was a
Speaker 1: tough start and that part of the MYSS can also
Speaker 1: be attributed to Wingstop's customer base potentially being more exposed
Speaker 1: to those macrohead wines that we've seen throughout the start
Speaker 1: of the year, and some are also questioning if the
Speaker 1: loyalty program will help drive sales back as we heading
Speaker 1: towards the second half of the year.
Speaker 4: We'll see, though, everyone's got a loyalty program. Speaking of
Speaker 4: loyalty programs. There's one for Starbucks as well, and you're
Speaker 4: taking a look at that one.
Speaker 1: Yes, Stet's ticker s Bucks bux now gaining close to
Speaker 1: nine percent right now most interday since January. That's after
Speaker 1: the company second quarter sales topped estimates and it boost
Speaker 1: its full year comparable sales forecast.
Speaker 4: Starbucks largely had US sales.
Speaker 1: To think for that beat, and interestingly enough, at least
Speaker 1: to me, the popularity of cold foam among gen z. Yeah,
Speaker 1: the sales of cold foam was up more than forty
Speaker 1: percent in the second quarter. So looks like that question
Speaker 1: towards protein is working. That's different from cold brew, right, Yes, yes,
Speaker 1: it's like the little foamy top that you have on
Speaker 1: top of your drink. Instead of whiped cream, you could
Speaker 1: get cold foam.
Speaker 3: Okay, double short mocha.
Speaker 4: I've been ordering the same thing for now. Ask for
Speaker 4: cold foam. Yeah, that's your protein.
Speaker 3: My first Starbucks I ever went to, like one hundred
Speaker 3: years ago, was outside the offices of Janis Financial in Denver, Colorado,
Speaker 3: and I walked in no idea.
Speaker 4: I had no idea how to.
Speaker 3: Order, no idea.
Speaker 4: You told them you wanted a small and they laughed
Speaker 4: at you.
Speaker 3: Yeah, exactly exactly. I got behind one of those people
Speaker 3: just sat. This person came in and like she had
Speaker 3: never been in a Starbucks report. So the rock I
Speaker 3: had spent like ten or fifteen minutes explaining all the drinks,
Speaker 3: and then we got through the sizes.
Speaker 4: Yeah, what do you get that? Yeah, I know it
Speaker 4: was I can't explain that.
Speaker 3: The line was going to basic people going nuts. It
Speaker 3: was very funny to see.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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