WEBVTT - NXP Semiconductors Jumps, Wingstop Sinks, Starbucks Rises on Positive Quarterly Results 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. We can do that with Bloomberg's avalon

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<v Speaker 3>for no Avlon. What are you looking at today?

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<v Speaker 1>Start off with one of the top performers on the

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<v Speaker 1>S and P five hundred this morning. That's Nxpiece in

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<v Speaker 1>my conductor's ticker, NXPI, jumping twenty five percent to hit

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<v Speaker 1>an intra day record. And that's after the chip maker

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<v Speaker 1>reported first quarter results that surpassed expectations and also gave

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<v Speaker 1>a second quarter forecast do beat estimates. Part of that optimism, though,

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<v Speaker 1>which I found interesting, stems from growing demand from the

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<v Speaker 1>auto industry as companies look to push more software defined

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<v Speaker 1>cars and evs.

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<v Speaker 3>That's right.

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<v Speaker 4>I've kind of joke.

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<v Speaker 3>I've been going to the CES conference in Vegas for

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<v Speaker 3>like thirty years, and it used to be actually a

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<v Speaker 3>consumer electronic show.

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<v Speaker 4>Not anymore.

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<v Speaker 3>Now it's an auto show, you know with you know

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<v Speaker 3>so and my new vehicle. I just upgraded my lease

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<v Speaker 3>expired so one from twenty twenty three months to twenty

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<v Speaker 3>twenty six. Even that changed from three years. I have

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<v Speaker 3>to relearn everything so much to change.

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<v Speaker 4>Well, I mean the car is now just a tech

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<v Speaker 4>gadget sun wheels.

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<v Speaker 3>Yes, especially it's my iPhone with four wheels, is what

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<v Speaker 3>I say.

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<v Speaker 4>Well said prettaching.

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<v Speaker 3>And that's a fifty two week high for NXP Semiconductors.

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<v Speaker 3>What's next.

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<v Speaker 1>What's next is Wingstop. That's ticker wing now following about

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<v Speaker 1>five point eight percent. That's after the Chicken chain lowered

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<v Speaker 1>its guidance for the full year as those first quarter

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<v Speaker 1>same store sales fill below expectations. The results really confirmed

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<v Speaker 1>investor concerns that customer traffic to the chain is continued

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<v Speaker 1>to significantly drop off. Tdcowain writing that it was a

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<v Speaker 1>tough start and that part of the MYSS can also

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<v Speaker 1>be attributed to Wingstop's customer base potentially being more exposed

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<v Speaker 1>to those macrohead wines that we've seen throughout the start

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<v Speaker 1>of the year, and some are also questioning if the

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<v Speaker 1>loyalty program will help drive sales back as we heading

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<v Speaker 1>towards the second half of the year.

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<v Speaker 4>We'll see, though, everyone's got a loyalty program. Speaking of

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<v Speaker 4>loyalty programs. There's one for Starbucks as well, and you're

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<v Speaker 4>taking a look at that one.

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<v Speaker 1>Yes, Stet's ticker s Bucks bux now gaining close to

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<v Speaker 1>nine percent right now most interday since January. That's after

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<v Speaker 1>the company second quarter sales topped estimates and it boost

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<v Speaker 1>its full year comparable sales forecast.

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<v Speaker 4>Starbucks largely had US sales.

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<v Speaker 1>To think for that beat, and interestingly enough, at least

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<v Speaker 1>to me, the popularity of cold foam among gen z. Yeah,

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<v Speaker 1>the sales of cold foam was up more than forty

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<v Speaker 1>percent in the second quarter. So looks like that question

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<v Speaker 1>towards protein is working. That's different from cold brew, right, Yes, yes,

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<v Speaker 1>it's like the little foamy top that you have on

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<v Speaker 1>top of your drink. Instead of whiped cream, you could

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<v Speaker 1>get cold foam.

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<v Speaker 3>Okay, double short mocha.

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<v Speaker 4>I've been ordering the same thing for now. Ask for

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<v Speaker 4>cold foam. Yeah, that's your protein.

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<v Speaker 3>My first Starbucks I ever went to, like one hundred

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<v Speaker 3>years ago, was outside the offices of Janis Financial in Denver, Colorado,

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<v Speaker 3>and I walked in no idea.

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<v Speaker 4>I had no idea how to.

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<v Speaker 3>Order, no idea.

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<v Speaker 4>You told them you wanted a small and they laughed

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<v Speaker 4>at you.

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<v Speaker 3>Yeah, exactly exactly. I got behind one of those people

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<v Speaker 3>just sat. This person came in and like she had

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<v Speaker 3>never been in a Starbucks report. So the rock I

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<v Speaker 3>had spent like ten or fifteen minutes explaining all the drinks,

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<v Speaker 3>and then we got through the sizes.

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<v Speaker 4>Yeah, what do you get that? Yeah, I know it

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<v Speaker 4>was I can't explain that.

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<v Speaker 3>The line was going to basic people going nuts. It

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<v Speaker 3>was very funny to see.

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