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: Let's take a look at some stocks on the move today.
Speaker 2: I'm Tom Keen with bol Sweeney and Bloomberg's Alexis Christopher.
Speaker 3: You better believe it. I'm going to start out with
Speaker 3: Royal Caribbean goes to show you my head's at right now.
Speaker 3: But that stock ticker symbol RCL up six percent, had
Speaker 3: fallen about nine percent so far this year, so believe
Speaker 3: it or not, Demand remains resilient for Royal Caribbean. It
Speaker 3: says April bookings are exceeding last year. It's seeing strengthen
Speaker 3: last minute reservations, and so Wall Street takes us as
Speaker 3: a sign that it's going to be able to weather
Speaker 3: these headwinds like higher fuel costs and the war with Iran.
Speaker 3: Bookings for those high yield Mediterranean trips, they also said,
Speaker 3: are starting to rebound a little bit, and the company
Speaker 3: CEO or CFO says that travel remains a priority for consumers.
Speaker 2: Yep, but that doesn't.
Speaker 3: Really square with what Carnival is saying because Carnival cut
Speaker 3: its full year profit outlook. Yeah, and because again because
Speaker 3: of the rising fuel costs and just the broader travel
Speaker 3: sector in general. Yesterday we heard from Booking Holdings that
Speaker 3: online travel company lowered its outlook. It's seeing higher cancelations,
Speaker 3: fewer new bookings. Even Hilton said, you know, it could
Speaker 3: be challenging moving forward.
Speaker 1: Yeah, we'll see. I mean it's the spending on the
Speaker 1: K shaped upper end of the k is has been
Speaker 1: holding up generally.
Speaker 3: Yeah, I mean the numbers we got this morning too
Speaker 3: to show that consumer continues to spend. I mean those
Speaker 3: are backward looking numbers, albeit, But all right, let's move
Speaker 3: on to Chipotle. Wait wait, wait, all right, back it
Speaker 3: up back at twenty decks.
Speaker 2: Have you ever been on these ships?
Speaker 3: You know, I was on a your Disney cruise years ago.
Speaker 3: It's the only cruise I was ever on.
Speaker 2: But like Sarah, you nailed that on YouTube eighteen to
Speaker 2: twenty decks high?
Speaker 3: Do you get dizzy on a crucials? I would not
Speaker 3: for the waters or I would, but just all MG,
Speaker 3: I'm up.
Speaker 1: So hard now. I think the bigger issue is this.
Speaker 1: You know, if you get seasick, that's probably an issue.
Speaker 1: For a lot of people.
Speaker 3: Yeah, it's a big boat to guess, but people do
Speaker 3: get seasick. Charlie Pellett does not our. Charlie Pellett single
Speaker 3: handedly keeps that industry going. Chipotle up four and a
Speaker 3: half percent today. The stock has declined eleven percent this year. So, okay,
Speaker 3: it's eking out higher sales. It's slowly winning back customers.
Speaker 3: Remember there were all those complaints about portion sizes being
Speaker 3: they fixed that, rising prices, subpar service. Yeah, I mean
Speaker 3: I haven't been in a little while, but there definitely.
Speaker 1: They got to the point now they put so much
Speaker 1: in there that I only get two tacos instead of three. Really, yes,
Speaker 1: because they're so good because they're putting so much stuff
Speaker 1: in them now vis before nice?
Speaker 2: Nice.
Speaker 3: Okay, so Chipotle maintained its guidance also for flat full
Speaker 3: year comparable sales. A CEOs got boat right, doing a
Speaker 3: whole bunch of things to turn things around. He's retraining
Speaker 3: workers on hospitality, rolling out new equipment to churn out
Speaker 3: the food faster, and also revamp their loyalty program to
Speaker 3: drive customer visits. So slowly but surely it is working. Also,
Speaker 3: their chicken al pastore apparently very popular.
Speaker 1: Yeah, I go to mon third Avenue, sixty first Street.
Speaker 3: That's a just one.
Speaker 1: That's a good one. They take care of me. If
Speaker 1: you do like door Tosh, you're seamless from them, and
Speaker 1: you order Marguerite.
Speaker 3: To they're working on that. All right. Let's move to
Speaker 3: pharma because lots of news there today and Eli Lilly
Speaker 3: is a standout. So the stock is up six percent.
Speaker 3: It raised its full year sales outlook due to the
Speaker 3: strength of its weight loss drugs and its new obesity pill.
Speaker 3: And just get a load of these numbers. Sales of
Speaker 3: Lily's best selling diabetes shot Munjaro eight point seven billion
Speaker 3: dollars in the quarter. In three months, sales of its
Speaker 3: obesity shot zep bound jumping to four point two billion,
Speaker 3: and then it launched that new weight loss pill. I
Speaker 3: think it's foundea Fundeo.
Speaker 1: That's going to be big when they get set, when
Speaker 1: you get the pills, that's going to open up a
Speaker 1: whole new market, big market, I would think.
Speaker 3: I would think. Also, Lily has gone on this string
Speaker 3: of acquisitions right in just the past couple of months.
Speaker 3: It's made like three major acquisitions, most recently just Monday,
Speaker 3: we were talking about a two billion dollar deal to
Speaker 3: buy Ajax Therapeutics. That's a cancer drug maker.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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