WEBVTT - Delta Jumps, Uber Rises, Eli Lilly Dips as HSBC Sees Deeper Obesity-Drug Price Cuts

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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>Let's take a look at some stocks on the move today.

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<v Speaker 1>Scarlettu with Paswini and John Tucker, and we're joined right

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<v Speaker 1>now by Bloomberg's Intalic Jovich Natalia get Us started.

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<v Speaker 3>Delta Airlines the ticket is da AL shares are up

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<v Speaker 3>by almost four percent. The company issued more optimistic sales

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<v Speaker 3>target for the first quarter. It says bookings by leisure

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<v Speaker 3>and corporate customers accelerated into March. It now expects high

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<v Speaker 3>single digit revenue growth for the first quarter of up

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<v Speaker 3>from previous forecast between five to seven percent. Now, the

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<v Speaker 3>company said it's well positioned to navigate this current environment.

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<v Speaker 3>As we know, airlines are struggling how to navigate flights

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<v Speaker 3>around the world zone higher fuel costs, which represent about

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<v Speaker 3>thirty percent of all total operating expenses for US airlines,

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<v Speaker 3>And now the bad news guys, So airlines executives are

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<v Speaker 3>saying that passengers could see higher ticket prices or they

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<v Speaker 3>will remain elevated. If the strait of Hormos isn't secured

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<v Speaker 3>by the Memorial Day.

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<v Speaker 1>Well, Memorial I know it's supposed to be something that

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<v Speaker 1>went on for months on end. So that's what the

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<v Speaker 1>market I think is reflecting, like kind of shorter than Yeah,

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<v Speaker 1>and you see that in oil prices at least a

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<v Speaker 1>couple months out the contracts for later on this year.

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<v Speaker 3>All right, next up, Yeah, let's talk about Uber and Lift.

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<v Speaker 3>Both shares are up to date companies and now several

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<v Speaker 3>autonomous vehicle partnerships with Nvidia. So airBC Capital Markets analysts

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<v Speaker 3>are saying that lifts proposal is focused on companies adopting

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<v Speaker 3>Nvidia's accelerating computing capabilities. They want to build new generation

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<v Speaker 3>of mapping platform. Now we also know that Uber wants

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<v Speaker 3>to launch a fleet of Nvidia software driven autonomous vehicles

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<v Speaker 3>across twenty eight cities globally by twenty twenty eight. But

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<v Speaker 3>both stocks are really struggling. We see that Uber is

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<v Speaker 3>down by about three percent here today, a Lift is

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<v Speaker 3>down by about twenty seven percent. We know that the

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<v Speaker 3>company posted really disappointing earning results and yeah, we see

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<v Speaker 3>still a lot of decelerating growth, especially for a LIFT.

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<v Speaker 3>All right, how about Ila, Lily Lily. We see that

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<v Speaker 3>chairs are down excuse me, by three point four percent

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<v Speaker 3>today HSBC cut rating to sell from hold. Now this

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<v Speaker 3>is the only sell rating for the company, So HSBC

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<v Speaker 3>is basically saying that the total addressable market for abesity

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<v Speaker 3>drugs and pills can be less than expected. It's said

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<v Speaker 3>all so that a novel or disc will fight back,

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<v Speaker 3>which means that less market potentially right for li Lilly. Interesting.

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<v Speaker 3>So now this price target from HSBC implies a sixteen

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<v Speaker 3>percent moved to the downside from yesterday's close, considering the

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<v Speaker 3>fact that the stock is already done by ten percent

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<v Speaker 3>year today. But other analysts are really really optimistic. They

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<v Speaker 3>see the price covering above twelve hundred by the year end.

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

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