Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data
Speaker 2: check on stocks.
Speaker 3: On the move, and the list I have before me
Speaker 3: suggests that we're taking a trip to the ball Well, sure, yeah,
Speaker 3: let's do that with Isabel Lee. Isabel is one of
Speaker 3: our crossasset reporters. In Isabel, where's the first stop we're
Speaker 3: going to make as we walk through the virtual wall?
Speaker 1: It has to be cake? Ticker is cake at Cheese
Speaker 1: Cake Factory? I know, I was like, this is a
Speaker 1: winner ticker? How come I didn't know of this before?
Speaker 1: So shares are actually just flat now? But pre market
Speaker 1: was down as much as six percent. But the restaurant
Speaker 1: chain's comp sales during the fourth quarter came in below
Speaker 1: average estimate, So this spread A downgraded stephens to equal
Speaker 1: weight from overweight.
Speaker 4: The analyst there said.
Speaker 1: Same story, sales declined in the quarter and decelerated sequentially.
Speaker 4: So with shares up already twenty seven.
Speaker 1: Percent year today, asked of the last close, he said
Speaker 1: he sees limited upside from here.
Speaker 4: The same with Cheesecae Factori.
Speaker 1: Is I feel like everyone knows it, but I actually
Speaker 1: don't know a friend who has last been there, so
Speaker 1: maybe recently.
Speaker 4: Yeah. What do you eat there? Everything and the cheesecake?
Speaker 3: Yeah, I mean, and I bring it off home for
Speaker 3: the next couple of weeks. That's what makes it special.
Speaker 4: Okay, maybe Yeah, So you contribute to their earnings exactly,
Speaker 4: all right, About what's the next one you want to do? Walmart?
Speaker 4: So this is in the green by one and a
Speaker 4: half percent.
Speaker 1: They issued a forecast for folio earnings that mis expectations,
Speaker 1: so it was interesting to see that the stock is
Speaker 1: still in the green. Walmart said it needs flexibility and
Speaker 1: unpredictable time for consumers.
Speaker 4: So Walmart is the world's largest retailer.
Speaker 1: And they're often seen as the barometer for the broad
Speaker 1: economy because just because of its massive size and reach.
Speaker 1: So this was interesting because it just highlights the state
Speaker 1: over the economy is today. I mean, the economy is
Speaker 1: kind of doing well, but also not really It's like
Speaker 1: a softish economy. Worth noting though, that Walmart is typically
Speaker 1: conservative at the start of the year and then they
Speaker 1: just upgrade or downgrade whatever forecast the all playbook yeahwards.
Speaker 4: Yeah, exactly, all right, finally, uh Wayfair Wayfair.
Speaker 1: So our last small tour is with Wayfair ticker is
Speaker 1: w stalk is down by ten percent. That's an intra
Speaker 1: day low four months as active consumers in the fourth
Speaker 1: quarter came and also slightly below expectations, so William Blair
Speaker 1: says that the six point nine growth in that revenue
Speaker 1: likely fell short of expectations. Peers like our Age and
Speaker 1: Williams Sonoma are also in the red. So the analyst
Speaker 1: there said that he believes that this is a solid
Speaker 1: print but nothing major to complain about, just despite their
Speaker 1: expectations that the byside was slightly embedding slightly higher top
Speaker 1: line growth.
Speaker 4: Wayfair I used.
Speaker 1: I used to buy a lot when I was furnishing
Speaker 1: my apartment. Okay, I say used because I've lived in
Speaker 1: the same place for four years. But it's a good brand.
Speaker 1: I actually really liked it.
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