WEBVTT - AMD Declines; Pinterest Tumbles; McDonalds Edges Higher Post-Earnings

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

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

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

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<v Speaker 1>Lisa Miteo, Time for stock movers. What do you got

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<v Speaker 1>for us? Okay?

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<v Speaker 3>I want to start with Advanced micro Devices AMD. Right,

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<v Speaker 3>their series have been down as much as five percent.

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<v Speaker 3>They're basically the main rival to Invidia in that AI

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<v Speaker 3>chip market, and they really failed to impress investors with

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<v Speaker 3>their revenue forecasts. Analysts had some issues with margins. The

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<v Speaker 3>outlook investors, they were really betting heavy on the company.

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<v Speaker 3>I mean, they did some big deals with open AI,

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<v Speaker 3>with companies like Oracle, and they hope the hope is

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<v Speaker 3>that they can finally get closer to Nvidia. The stock

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<v Speaker 3>is more than double this year, so they're getting there.

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<v Speaker 3>But the outlook show signs at AMD's payoff, Well, it

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<v Speaker 3>might come a little bit slower than expected, and that's

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<v Speaker 3>what investors didn't like. It's CEO started talking about it.

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<v Speaker 3>She gave this projection to the market for AI processors

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<v Speaker 3>ors would generate about more than five hundred billion dollars

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<v Speaker 3>a year. But she said that the company they're going

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<v Speaker 3>to give more detail details on their outlook. There's an

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<v Speaker 3>investor meeting next week, so they're going to stay tuned

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<v Speaker 3>for that.

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<v Speaker 1>Yeah, I mean talk. That's a perfect example of price

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<v Speaker 1>for perfection AMD. Right, it's just hard to live up

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<v Speaker 1>to that bar.

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<v Speaker 4>The stocks double this year, as Lisa said, that's two

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<v Speaker 4>hundred billion dollars of new Oulderwell shouts there.

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<v Speaker 1>The numbers are just it's outrageous. But I'm looking at

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<v Speaker 1>pinterest pre market eighteen percent down eighteen percent.

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<v Speaker 3>Yeah, pins pis is a ticker. So this is basically

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<v Speaker 3>the platform where you go to find ideas. Right, Like

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<v Speaker 3>I bought a new home. I want to know how

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<v Speaker 3>to decorate it. I go to Pinterest and I do

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<v Speaker 3>and I search there and I look for all these

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<v Speaker 3>cool pictures. It's like a visual visual search engine.

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<v Speaker 1>That's what they call it. It's eye candy, it is.

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<v Speaker 3>Yes, I do it so I can find ideas and

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<v Speaker 3>I don't have that creative ide to decorate, So that's

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<v Speaker 3>where I go. But the problem is that their revenue

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<v Speaker 3>projections fell short, right, And that's sign that they're advertising

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<v Speaker 3>business is not growing as fast as expected, and the

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<v Speaker 3>company makes almost all if it's revenue from advertising, so

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<v Speaker 3>that's big for them. They even launched this thing called

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<v Speaker 3>Pinterests Assistant. It's their first like AI power visual first

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<v Speaker 3>collaborative for online shopping. I haven't tested into that yet.

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<v Speaker 3>But another issue that the CFO point is two was tariffs.

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<v Speaker 3>I mean they say tariffs are impacting the home furnishing

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<v Speaker 3>category and that could have a you know impact on them,

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<v Speaker 3>especially with the holiday you know quarter coming up too.

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<v Speaker 3>So that's the issue for them because you know, if

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<v Speaker 3>more hire more furniture is more expensive, people are not

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<v Speaker 3>going to look and they're not going to want to

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<v Speaker 3>go to pinterest to look for that furniture. So people

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<v Speaker 3>are going to McDonald's but they are yes, yeah, it's

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<v Speaker 3>a turnaround because they were waiting for this, right take

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<v Speaker 3>her mcd. Their shares a been up about one percent,

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<v Speaker 3>but they did have the faster than expected sales growth

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<v Speaker 3>in the US in the last quarter. They had comparable sales.

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<v Speaker 3>US store sales increased two point four percent in the

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<v Speaker 3>third quarter. The thing that really helped them out with

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<v Speaker 3>these new deals and promotions, they were trying to get

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<v Speaker 3>people back, you know, to this affordable option for meals.

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<v Speaker 3>So they did things like they cut the price of

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<v Speaker 3>certain combo meals. They offered this buy one, get one

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<v Speaker 3>for a dollar items for like sausage biscuits and double cheeseburgers.

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<v Speaker 3>Can you get a double cheeseburger for a dollar if

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<v Speaker 3>you buy one at full price? So that kind of

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<v Speaker 3>helped and it attracted people in. But what's interesting is

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<v Speaker 3>that they're saying fast food restaurants like McDonald like Taco Bell,

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<v Speaker 3>they're holding up better than the fast casual like a Chipotle,

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<v Speaker 3>or say like a Cava or a shake scheck or

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<v Speaker 3>things like that.

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<v Speaker 1>Interesting sauce dissue. I guess, yeah, I guess.

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<v Speaker 3>So they just said they they're having trouble getting that

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<v Speaker 3>younger audience, like Chipotle was all about the young audience,

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<v Speaker 3>like they got a lot of you know, the young

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<v Speaker 3>tech brogs with the vests, and you.

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<v Speaker 1>Know, there's been a backlash. There's Chipotle backlash though, yes, yes, yea,

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<v Speaker 1>even with my own Wednesday. So I'm going to Chipotle

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<v Speaker 1>on Third Avenue and sixty first.

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<v Speaker 4>Street, so it's not Taco Tuesday, it's Chipotle Wednesday exactly.

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<v Speaker 4>But if I were to go to McDonald's, i'd get

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<v Speaker 4>what I got since I'm like fourteen and number two

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<v Speaker 4>with a coke.

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<v Speaker 1>Okay see and Jesus. And it's awesome every single time

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<v Speaker 1>everywhere in the world you go.

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<v Speaker 3>And it's starting to get a little bit more affordable

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<v Speaker 3>because before that would cost a pretty penny, you know.

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<v Speaker 1>For that big one is the cost of beef has

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<v Speaker 1>gone crazy. Yes, so that's a real thing. Yeah, near

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<v Speaker 1>a record high. It's just not coming down.

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<v Speaker 4>Yep.

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<v Speaker 1>Again. My solution make more cows that easy.

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

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