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 1: Let's take a look at some stocks on the move today.
Speaker 1: Scarlettu with Paswini and John Tucker, and we're joined right
Speaker 1: now by Bloomberg's Intalic Jovich Natalia get Us started.
Speaker 3: Delta Airlines the ticket is da AL shares are up
Speaker 3: by almost four percent. The company issued more optimistic sales
Speaker 3: target for the first quarter. It says bookings by leisure
Speaker 3: and corporate customers accelerated into March. It now expects high
Speaker 3: single digit revenue growth for the first quarter of up
Speaker 3: from previous forecast between five to seven percent. Now, the
Speaker 3: company said it's well positioned to navigate this current environment.
Speaker 3: As we know, airlines are struggling how to navigate flights
Speaker 3: around the world zone higher fuel costs, which represent about
Speaker 3: thirty percent of all total operating expenses for US airlines,
Speaker 3: And now the bad news guys, So airlines executives are
Speaker 3: saying that passengers could see higher ticket prices or they
Speaker 3: will remain elevated. If the strait of Hormos isn't secured
Speaker 3: by the Memorial Day.
Speaker 1: Well, Memorial I know it's supposed to be something that
Speaker 1: went on for months on end. So that's what the
Speaker 1: market I think is reflecting, like kind of shorter than Yeah,
Speaker 1: and you see that in oil prices at least a
Speaker 1: couple months out the contracts for later on this year.
Speaker 3: All right, next up, Yeah, let's talk about Uber and Lift.
Speaker 3: Both shares are up to date companies and now several
Speaker 3: autonomous vehicle partnerships with Nvidia. So airBC Capital Markets analysts
Speaker 3: are saying that lifts proposal is focused on companies adopting
Speaker 3: Nvidia's accelerating computing capabilities. They want to build new generation
Speaker 3: of mapping platform. Now we also know that Uber wants
Speaker 3: to launch a fleet of Nvidia software driven autonomous vehicles
Speaker 3: across twenty eight cities globally by twenty twenty eight. But
Speaker 3: both stocks are really struggling. We see that Uber is
Speaker 3: down by about three percent here today, a Lift is
Speaker 3: down by about twenty seven percent. We know that the
Speaker 3: company posted really disappointing earning results and yeah, we see
Speaker 3: still a lot of decelerating growth, especially for a LIFT.
Speaker 3: All right, how about Ila, Lily Lily. We see that
Speaker 3: chairs are down excuse me, by three point four percent
Speaker 3: today HSBC cut rating to sell from hold. Now this
Speaker 3: is the only sell rating for the company, So HSBC
Speaker 3: is basically saying that the total addressable market for abesity
Speaker 3: drugs and pills can be less than expected. It's said
Speaker 3: all so that a novel or disc will fight back,
Speaker 3: which means that less market potentially right for li Lilly. Interesting.
Speaker 3: So now this price target from HSBC implies a sixteen
Speaker 3: percent moved to the downside from yesterday's close, considering the
Speaker 3: fact that the stock is already done by ten percent
Speaker 3: year today. But other analysts are really really optimistic. They
Speaker 3: see the price covering above twelve hundred by the year end.
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