1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 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 00:00:16,400 --> 00:00:18,360 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,680 --> 00:00:21,080 Speaker 1: Scarlettu with Paswini and John Tucker, and we're joined right 6 00:00:21,079 --> 00:00:25,200 Speaker 1: now by Bloomberg's Intalic Jovich Natalia get Us started. 7 00:00:25,200 --> 00:00:27,960 Speaker 3: Delta Airlines the ticket is da AL shares are up 8 00:00:27,960 --> 00:00:32,320 Speaker 3: by almost four percent. The company issued more optimistic sales 9 00:00:32,440 --> 00:00:36,440 Speaker 3: target for the first quarter. It says bookings by leisure 10 00:00:36,560 --> 00:00:41,000 Speaker 3: and corporate customers accelerated into March. It now expects high 11 00:00:41,000 --> 00:00:44,879 Speaker 3: single digit revenue growth for the first quarter of up 12 00:00:44,920 --> 00:00:47,879 Speaker 3: from previous forecast between five to seven percent. Now, the 13 00:00:47,920 --> 00:00:51,279 Speaker 3: company said it's well positioned to navigate this current environment. 14 00:00:51,400 --> 00:00:55,800 Speaker 3: As we know, airlines are struggling how to navigate flights 15 00:00:55,840 --> 00:00:59,680 Speaker 3: around the world zone higher fuel costs, which represent about 16 00:01:00,160 --> 00:01:05,640 Speaker 3: thirty percent of all total operating expenses for US airlines, 17 00:01:06,040 --> 00:01:08,959 Speaker 3: And now the bad news guys, So airlines executives are 18 00:01:08,959 --> 00:01:14,080 Speaker 3: saying that passengers could see higher ticket prices or they 19 00:01:14,080 --> 00:01:18,280 Speaker 3: will remain elevated. If the strait of Hormos isn't secured 20 00:01:18,360 --> 00:01:19,960 Speaker 3: by the Memorial Day. 21 00:01:21,000 --> 00:01:25,040 Speaker 1: Well, Memorial I know it's supposed to be something that 22 00:01:25,160 --> 00:01:27,840 Speaker 1: went on for months on end. So that's what the 23 00:01:27,840 --> 00:01:32,039 Speaker 1: market I think is reflecting, like kind of shorter than Yeah, 24 00:01:32,040 --> 00:01:34,920 Speaker 1: and you see that in oil prices at least a 25 00:01:34,959 --> 00:01:37,440 Speaker 1: couple months out the contracts for later on this year. 26 00:01:37,800 --> 00:01:42,240 Speaker 3: All right, next up, Yeah, let's talk about Uber and Lift. 27 00:01:42,400 --> 00:01:46,039 Speaker 3: Both shares are up to date companies and now several 28 00:01:46,680 --> 00:01:51,200 Speaker 3: autonomous vehicle partnerships with Nvidia. So airBC Capital Markets analysts 29 00:01:51,200 --> 00:01:56,240 Speaker 3: are saying that lifts proposal is focused on companies adopting 30 00:01:56,360 --> 00:02:00,960 Speaker 3: Nvidia's accelerating computing capabilities. They want to build new generation 31 00:02:01,120 --> 00:02:05,360 Speaker 3: of mapping platform. Now we also know that Uber wants 32 00:02:05,400 --> 00:02:09,960 Speaker 3: to launch a fleet of Nvidia software driven autonomous vehicles 33 00:02:09,960 --> 00:02:16,160 Speaker 3: across twenty eight cities globally by twenty twenty eight. But 34 00:02:16,760 --> 00:02:19,840 Speaker 3: both stocks are really struggling. We see that Uber is 35 00:02:19,880 --> 00:02:22,640 Speaker 3: down by about three percent here today, a Lift is 36 00:02:22,639 --> 00:02:26,280 Speaker 3: down by about twenty seven percent. We know that the 37 00:02:26,320 --> 00:02:31,440 Speaker 3: company posted really disappointing earning results and yeah, we see 38 00:02:31,520 --> 00:02:35,720 Speaker 3: still a lot of decelerating growth, especially for a LIFT. 39 00:02:35,880 --> 00:02:38,560 Speaker 3: All right, how about Ila, Lily Lily. We see that 40 00:02:38,680 --> 00:02:43,160 Speaker 3: chairs are down excuse me, by three point four percent 41 00:02:43,280 --> 00:02:48,040 Speaker 3: today HSBC cut rating to sell from hold. Now this 42 00:02:48,200 --> 00:02:52,040 Speaker 3: is the only sell rating for the company, So HSBC 43 00:02:52,160 --> 00:02:56,520 Speaker 3: is basically saying that the total addressable market for abesity 44 00:02:56,639 --> 00:02:59,720 Speaker 3: drugs and pills can be less than expected. It's said 45 00:02:59,760 --> 00:03:02,680 Speaker 3: all so that a novel or disc will fight back, 46 00:03:02,960 --> 00:03:07,519 Speaker 3: which means that less market potentially right for li Lilly. Interesting. 47 00:03:07,639 --> 00:03:11,840 Speaker 3: So now this price target from HSBC implies a sixteen 48 00:03:12,040 --> 00:03:17,200 Speaker 3: percent moved to the downside from yesterday's close, considering the 49 00:03:17,240 --> 00:03:20,560 Speaker 3: fact that the stock is already done by ten percent 50 00:03:20,680 --> 00:03:24,440 Speaker 3: year today. But other analysts are really really optimistic. They 51 00:03:24,480 --> 00:03:29,680 Speaker 3: see the price covering above twelve hundred by the year end. 52 00:03:30,440 --> 00:03:34,480 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 53 00:03:34,560 --> 00:03:37,119 Speaker 2: us throughout the day for the latest roundup of companies 54 00:03:37,200 --> 00:03:40,280 Speaker 2: making news on Wall Street and for the latest market 55 00:03:40,320 --> 00:03:44,760 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 56 00:03:44,880 --> 00:03:48,360 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 57 00:03:48,440 --> 00:03:49,960 Speaker 2: the Bloomberg Business app.