WEBVTT - Super Micro Computer Falls, Chewy Drops, Cracker Barrel Soars as Outlook Boost Spurs Upgrade

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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. So

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<v Speaker 2>tak a look at some of the stocks on the

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<v Speaker 2>most today.

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<v Speaker 1>We can do that with Bloomberg's avalon pronel avline.

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<v Speaker 3>What are you looking at?

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<v Speaker 1>We have to start off with super micro Computers. That

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<v Speaker 1>is tiker SMCI currently thinking about twelve percent. That's after

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<v Speaker 1>the computer hardware maker said it's planning about seven billion

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<v Speaker 1>dollars in equity and equity linked financing transactions to fund

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<v Speaker 1>component purchases to meet demand for its AI servers. The

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<v Speaker 1>street is fairly split, to say the least, about what

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<v Speaker 1>to think about this, Bernstein analysts saying that this is

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<v Speaker 1>by far the highest equity raise in company history and

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<v Speaker 1>also implies a whopping twenty seven percent dilution, whereas Webush

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<v Speaker 1>analysts view the order momentum as positive but believe that

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<v Speaker 1>obviously the exact financial implications will be known later, especially

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<v Speaker 1>they'll be dependent on margins of the business. Still, the

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<v Speaker 1>move making that company one of the worst performers on

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<v Speaker 1>the S and P five hundred this morning.

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<v Speaker 3>Next up, you looking at Chewy and I like this

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<v Speaker 3>line from the company that they're seeing a quote modest

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<v Speaker 3>level of incremental pressure on premiuization and product detached rates.

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<v Speaker 3>What God's name does.

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<v Speaker 1>Emi, Yes, let's tick Chwi.

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<v Speaker 3>Dogs aren't eating their little Chewy toys anymore.

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<v Speaker 1>Well, the pet owners aren't really buying those special oh

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<v Speaker 1>okay toys anymore. So it's falling about one point three

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<v Speaker 1>percent now. And as you mentioned, they did offer more

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<v Speaker 1>cautious commentary. To be fair, though this is not the

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<v Speaker 1>first that we've heard. Zoetis pet Co also offered really

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<v Speaker 1>cautious commentary earlier in the earning season, saying that the

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<v Speaker 1>health of pet owners isn't that great right now, noting

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<v Speaker 1>that Americans are really raining in their spending on their

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<v Speaker 1>pets and even not really getting dogs as often as

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<v Speaker 1>they were previously, City writing that wild Chewy continues to outperform,

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<v Speaker 1>it remains behold into a pet category that's performance continues

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<v Speaker 1>to remain weaker this year.

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<v Speaker 3>I'm still on the fence whether or not to get

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<v Speaker 3>a dog. Same like kids want one. My kids they're

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<v Speaker 3>in their twenties. Yes, it's like but it's like having

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<v Speaker 3>another kid. It really is I can't go through that right.

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<v Speaker 2>Yeah, no, uh crack of out.

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<v Speaker 1>Yes, that's ticker CBRL currently jumping about thirty percent earlier today,

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<v Speaker 1>touching a most inter day on record, and that's have

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<v Speaker 1>to have a restaurant chain boosted its full year outlook

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<v Speaker 1>on the back of a better than expected third quarter

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<v Speaker 1>results and continues to see a lot of recovery in

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<v Speaker 1>customer traffic Benchmark, writing that the results also showed improvements

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<v Speaker 1>in the average check noting that the company is discounting

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<v Speaker 1>less and that customers are still buying those mules. However,

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<v Speaker 1>what I found really interesting is actually the short interest

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<v Speaker 1>on the company, which is incredibly high, currently about twenty

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<v Speaker 1>seven percent afloat according to S three Partners Data.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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