1 00:00:02,560 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,480 Speaker 2: The Stock Movers report your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:19,599 Speaker 1: I'm Carol Messer along with Matt Miller. Let's get to 5 00:00:20,280 --> 00:00:22,680 Speaker 1: some of those stocks on the move in today's session. 6 00:00:22,720 --> 00:00:26,360 Speaker 1: Bloomberg News Cross House. That reporter Janizza Sikova in the house. 7 00:00:27,000 --> 00:00:30,560 Speaker 1: We mentioned Hymns dropping after Quarley sales mist Wall Street estimates, 8 00:00:30,560 --> 00:00:33,519 Speaker 1: so that one down almost twelve percent lower in the 9 00:00:33,960 --> 00:00:35,920 Speaker 1: after markets. 10 00:00:35,200 --> 00:00:38,600 Speaker 3: And hers hers, I mean a little bit of a 11 00:00:38,640 --> 00:00:41,800 Speaker 3: disappointment in terms of the outlook. Yeah, stock has traded 12 00:00:41,920 --> 00:00:43,879 Speaker 3: up and then down and up and then down and 13 00:00:43,960 --> 00:00:44,920 Speaker 3: up and now it's down again. 14 00:00:45,080 --> 00:00:47,680 Speaker 1: Also a big short position in terms of percentage of 15 00:00:47,720 --> 00:00:51,559 Speaker 1: float tickers hims. Let's get to another one that reported 16 00:00:51,600 --> 00:00:52,560 Speaker 1: after the close. 17 00:00:52,360 --> 00:00:55,880 Speaker 4: Today exactly, and the trend is opposites. We're going up, up, up. 18 00:00:56,040 --> 00:00:59,480 Speaker 4: It's we're talking about pounds. Here is reported a forty 19 00:00:59,560 --> 00:01:02,440 Speaker 4: eight cent increase in revenue for the second quarter, the 20 00:01:02,520 --> 00:01:06,960 Speaker 4: first time it reached one billion. An important fact cited 21 00:01:07,120 --> 00:01:11,120 Speaker 4: astonishing impact of artificial technology. The ticker, of course, p 22 00:01:11,720 --> 00:01:16,600 Speaker 4: LTR company is about about four percent in late trading, 23 00:01:16,959 --> 00:01:18,840 Speaker 4: but the value we have seen in the past year 24 00:01:19,080 --> 00:01:21,600 Speaker 4: is more than five hundred percent. We had an excellent 25 00:01:21,640 --> 00:01:25,160 Speaker 4: story on the terminal that the company has just minted 26 00:01:25,319 --> 00:01:28,880 Speaker 4: its fifth billionaire in the face of the CEO. The 27 00:01:28,959 --> 00:01:32,040 Speaker 4: data software company raised its revenue outlook for the full 28 00:01:32,120 --> 00:01:37,840 Speaker 4: year to about four four point fifteen billion, way above expectations. 29 00:01:37,920 --> 00:01:41,840 Speaker 4: Quarterly revenue has been increases for eight quarter in the 30 00:01:41,920 --> 00:01:44,840 Speaker 4: row in a row. What we're seeing here is both 31 00:01:44,959 --> 00:01:49,240 Speaker 4: public and private revenue increase. The company's US government revenue 32 00:01:49,240 --> 00:01:53,000 Speaker 4: climbed fifty three percent in the quarter, while when it 33 00:01:53,000 --> 00:01:56,360 Speaker 4: comes to its commercial contract they rose ninety three percent 34 00:01:56,640 --> 00:01:59,800 Speaker 4: for the year. Very strong growth, strong growth. 35 00:02:00,040 --> 00:02:02,559 Speaker 1: Twitter man Deep seeing Bloomberg Intelligence. That was a big 36 00:02:02,600 --> 00:02:04,680 Speaker 1: important number because they I think the street was looking 37 00:02:04,680 --> 00:02:07,640 Speaker 1: for seventy percent growth, so it'd easily outperformed there. 38 00:02:07,760 --> 00:02:10,240 Speaker 4: But what he also said is like, can they keep 39 00:02:10,320 --> 00:02:10,560 Speaker 4: up for. 40 00:02:10,639 --> 00:02:14,119 Speaker 3: Rest that pace? Well, they you, because they expect full 41 00:02:14,200 --> 00:02:17,440 Speaker 3: year revenue of four point one five billion dollars and 42 00:02:17,480 --> 00:02:20,560 Speaker 3: they're worth four hundred and fifteen billion dollars in market cap. 43 00:02:21,000 --> 00:02:23,839 Speaker 4: It's incredible, Roley, but how long one more quarter? Two 44 00:02:23,840 --> 00:02:24,400 Speaker 4: more quarters? 45 00:02:25,000 --> 00:02:27,840 Speaker 1: Deep was saying that you need a lot more quarters. 46 00:02:28,160 --> 00:02:32,440 Speaker 3: One hundred times sales just seems so expensive, incredible. What's 47 00:02:32,440 --> 00:02:35,600 Speaker 3: the story with Spotify? Spotify? Take her spot what's the 48 00:02:35,680 --> 00:02:36,519 Speaker 3: story with Spotify? 49 00:02:36,639 --> 00:02:39,840 Speaker 4: One company that's rolling also this air this year, much 50 00:02:39,880 --> 00:02:44,079 Speaker 4: more raley, but still up fifty percent. We had another 51 00:02:44,120 --> 00:02:44,760 Speaker 4: strong day today. 52 00:02:44,800 --> 00:02:46,080 Speaker 3: It's coming off price hikes. 53 00:02:46,120 --> 00:02:49,200 Speaker 4: The music streaming company is updating prices across pretty much 54 00:02:49,200 --> 00:02:54,760 Speaker 4: all regions but the US, South Asia, South Asia, Middle East, Africa, Europe. 55 00:02:55,240 --> 00:02:58,880 Speaker 4: The STOCKBA rules five percent to days. Investors in record 56 00:02:58,960 --> 00:03:03,160 Speaker 4: labor have been encouraged Spotify to race prices further. One 57 00:03:03,240 --> 00:03:07,000 Speaker 4: interesting fact is actually Spotify listeners are least likely to 58 00:03:07,080 --> 00:03:10,760 Speaker 4: cancel amongst all those video platforms. And we buy so 59 00:03:10,960 --> 00:03:12,399 Speaker 4: loyal which which makes sense. 60 00:03:12,520 --> 00:03:13,040 Speaker 3: You don't want to. 61 00:03:13,200 --> 00:03:16,399 Speaker 4: That's the one subscription I have, Actually I don't have it. 62 00:03:16,520 --> 00:03:18,600 Speaker 3: That's the ones that you don't have an Netflix subscription. 63 00:03:18,600 --> 00:03:19,400 Speaker 4: I don't have an Nethlex. 64 00:03:19,560 --> 00:03:24,959 Speaker 3: Well, I'll use my boyfriends Amazon no, uh Hbo, Apple 65 00:03:25,000 --> 00:03:27,960 Speaker 3: TV no wow. Me and Carol are like all in 66 00:03:28,000 --> 00:03:30,080 Speaker 3: on Apple I know. So I don't know that one 67 00:03:30,080 --> 00:03:33,799 Speaker 3: of those uses Spotify, and we're Apple Music, We're Apple TV. 68 00:03:34,120 --> 00:03:37,000 Speaker 3: I'm Apple News, I'm Apple a pretty much everything. 69 00:03:37,080 --> 00:03:39,440 Speaker 1: Yeah. My poor daughter, she wanted to get like a 70 00:03:39,480 --> 00:03:42,560 Speaker 1: different phones when like it was her first cell phone, 71 00:03:42,560 --> 00:03:44,560 Speaker 1: and we're like, no, you can get an Apple phone. 72 00:03:44,640 --> 00:03:47,760 Speaker 3: Oh wow, that's the opposite of the conversation that every 73 00:03:47,800 --> 00:03:51,960 Speaker 3: other family in America because most most kids like on 74 00:03:51,960 --> 00:03:54,200 Speaker 3: an iPhone and the parents like no, no, I know, 75 00:03:54,400 --> 00:03:59,880 Speaker 3: we're like to have Apple listen today. So this morning 76 00:04:01,160 --> 00:04:03,720 Speaker 3: we were talking so much about Tyson Foods, yeah, and 77 00:04:03,960 --> 00:04:08,600 Speaker 3: that I could only think about the cow in the 78 00:04:08,680 --> 00:04:11,520 Speaker 3: Chick fil A commercial who tries to encourage people to 79 00:04:11,520 --> 00:04:14,360 Speaker 3: buy chicken instead. Wow, that's pct that I had to 80 00:04:14,400 --> 00:04:17,239 Speaker 3: go get Chick fil A for lunch as a result. 81 00:04:17,320 --> 00:04:19,440 Speaker 3: I don't know if they sourced their chicken with Tyson, 82 00:04:19,560 --> 00:04:21,000 Speaker 3: But what's the story with. 83 00:04:21,200 --> 00:04:23,479 Speaker 4: You're part of the reason the stock was up today, 84 00:04:23,640 --> 00:04:27,680 Speaker 4: climbed two percent. It raised its full year earnings forecast 85 00:04:28,080 --> 00:04:32,080 Speaker 4: on strong US chicken demands. Of course, the company has 86 00:04:32,120 --> 00:04:37,880 Speaker 4: had the problems in its beef business, but the chicken business. Actually, 87 00:04:37,920 --> 00:04:41,680 Speaker 4: the company chicken unit posted the highest adjusted operating profit 88 00:04:41,960 --> 00:04:47,080 Speaker 4: since twenty sixteen. It had lost one hundred and fifty 89 00:04:47,080 --> 00:04:51,080 Speaker 4: one million on beef but of course we're seeing interesting 90 00:04:51,160 --> 00:04:54,360 Speaker 4: trend in chicken as a lot of eaters are looking 91 00:04:54,400 --> 00:04:57,799 Speaker 4: for cheaper alternatives. We've seen a severe shortage on cattle, 92 00:04:57,839 --> 00:05:02,599 Speaker 4: which has said sent beefore is on a tire, But 93 00:05:02,680 --> 00:05:05,400 Speaker 4: clearly that hasn't been enough to put pressure on the 94 00:05:05,400 --> 00:05:08,960 Speaker 4: company that quarter. Company is down six percent year today, 95 00:05:08,960 --> 00:05:11,920 Speaker 4: but today definitely help to give a little bit of 96 00:05:11,960 --> 00:05:15,080 Speaker 4: a boost after a rough start of the year. Chicken. 97 00:05:15,320 --> 00:05:16,119 Speaker 1: Do you like chicken? 98 00:05:16,480 --> 00:05:18,000 Speaker 3: I mean, do you eat beef? Carol? 99 00:05:18,200 --> 00:05:19,719 Speaker 1: I do, but I don't eat as much as I 100 00:05:19,800 --> 00:05:22,840 Speaker 1: used to. Mostly add a choice. 101 00:05:22,560 --> 00:05:24,600 Speaker 3: Chicken for lunch, it means beef is for dinner. Those 102 00:05:24,600 --> 00:05:26,159 Speaker 3: are my only few choices. Serious. 103 00:05:26,520 --> 00:05:29,880 Speaker 1: Every day's either chicken or beef. Yeah, one for lunch 104 00:05:29,920 --> 00:05:30,599 Speaker 1: and one for dinner. 105 00:05:30,839 --> 00:05:34,040 Speaker 3: I mean, I guess I'll throw in pork occasionally if 106 00:05:34,720 --> 00:05:39,320 Speaker 3: it's if it's mixed into a sausage. But yeah, yeah, 107 00:05:39,320 --> 00:05:39,840 Speaker 3: I like meat. 108 00:05:39,960 --> 00:05:42,919 Speaker 1: I like a lot of avocado. I love IM just 109 00:05:42,960 --> 00:05:46,680 Speaker 1: gonna say, what you eating? 110 00:05:48,640 --> 00:05:52,680 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 111 00:05:52,760 --> 00:05:55,359 Speaker 2: us throughout the day for the latest roundup of companies 112 00:05:55,400 --> 00:05:58,480 Speaker 2: making news on Wall Street and for the latest market 113 00:05:58,520 --> 00:06:03,000 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 114 00:06:03,080 --> 00:06:06,560 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 115 00:06:06,640 --> 00:06:08,119 Speaker 2: the Bloomberg Business app.