WEBVTT - Closing Bell: Airbnb Gains, SpaceX Jumps, Under Armour Declines

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This is the closing bell on the stock Movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>Let's call Airbnb. Apparently investors are let's get to it,

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<v Speaker 3>because that is definitely some outperformance in the session. This

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<v Speaker 3>one up seventeen point four percent in today's trade, top

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<v Speaker 3>gainer in both the S and P and the Nasdaq

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<v Speaker 3>one hundred. Company boosting its annual revenue forecast for a

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<v Speaker 3>second time this year. They cited robust demand in the

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<v Speaker 3>US and Europe. Company now sees annual revenue growth improving

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<v Speaker 3>by a percentage of at least mid teens, and boosted

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<v Speaker 3>its full ear margin forecast for adjusted earnings optimistic outlooks

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<v Speaker 3>suggesting that travel demand does remain healthy. Overall nights and

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<v Speaker 3>seats booked jumping ten percent to one hundred and forty

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<v Speaker 3>eight point three million the se quarter. They're also renting

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<v Speaker 3>out apparently boutique hotel room, so this is a new

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<v Speaker 3>revenue stream for them. The stock now up about twenty

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<v Speaker 3>eight percent year to date. Let's flip it on over

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<v Speaker 3>to SpaceX if we made this one up sixteen percent

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<v Speaker 3>in today's session. Top gainer it was in today's trade

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<v Speaker 3>the Nasdaq one hundred, continuing the climate we saw yesterday.

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<v Speaker 3>That came after the release of as many as nine

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<v Speaker 3>hundred eleven point five million shares worth about one hundred

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<v Speaker 3>billion dollars from those lock up agreements, so investors snapping

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<v Speaker 3>up the shares. It's been a bit of a roller

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<v Speaker 3>coaster rod we know since the IPO stock though one

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<v Speaker 3>hundred and thirty three dollars and eleven cents, so just

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<v Speaker 3>below that IPO price closing here. And I think this

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<v Speaker 3>stock is up roughly about nineteen percent this week. Let

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<v Speaker 3>me just see if it made the twenty percent mark.

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<v Speaker 3>Yep up twenty two almost twenty three percent for the

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<v Speaker 3>week overall, and then let's go on over. I hope

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<v Speaker 3>I gave the right ticker Microchip. Thank you, Lizzie, thank you.

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<v Speaker 3>A top in the SNP and Nasdaq one hundred. That

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<v Speaker 3>one up about thirteen almost fourteen percent here. Semi Conductor

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<v Speaker 3>Manufacturing forecast Company forecast just a drinks per share for

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<v Speaker 3>the second quarter and guidance that beat the average analyst destinment.

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<v Speaker 3>We did see some analysts raising their price target, some

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<v Speaker 3>lowering stacks up more than thirty percent.

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<v Speaker 1>Yeared it what a r tim?

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<v Speaker 4>Okay, Well, I think Romaine wants to talk Duncan and coffee.

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<v Speaker 4>I do too. We'll get there in a second. I

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<v Speaker 4>want to start with Trade Dust, the worst performer.

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<v Speaker 3>P fives, you know, aligning with.

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<v Speaker 4>Down twenty two percent today. We covered this briefly yesterday

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<v Speaker 4>when the company was out. It reported earnings for second

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<v Speaker 4>quarter and gave third quarter revenue that really missed average

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<v Speaker 4>analyst estimates. Shares are down eighty nine percent since since

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<v Speaker 4>twenty twenty four highs. At least four brokerages have downgraded

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<v Speaker 4>their writing on the stock after this latest report. Once again,

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<v Speaker 4>Trade Dusk down twenty two percent today. Let's go to

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<v Speaker 4>retail and apparel and talk under Armour a little bit.

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<v Speaker 4>The company forecast sharper revenue declined than previously expected as

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<v Speaker 4>demand softens in several key region. Shares down today by

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<v Speaker 4>four and a half percent. The company has been trying

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<v Speaker 4>to turn around its business by cut against product offerings

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<v Speaker 4>and reducing discounts. And then remember they lost Steph Curry.

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<v Speaker 4>That's added additional pressure as well, four and a half

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<v Speaker 4>percent of the downside for under Armour and finally, shares

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<v Speaker 4>of Sweet Green Romain. I know this is one of

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<v Speaker 4>your lunch spots. I went today to do some research.

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<v Speaker 4>It was no joke. Empty today midday on To be fair,

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<v Speaker 4>it's a Friday in midtown Manhattan. I don't know if

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<v Speaker 4>anyone comes into the office except for us, but there

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<v Speaker 4>was nobody there. And that's the concern that Sweet Green

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<v Speaker 4>has right now as it continues to battle the cyclospora outbreak,

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<v Speaker 4>even though it's products have not been linked to what

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<v Speaker 4>has happened with certain packaged lettuces. Shares down eight percent

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<v Speaker 4>today after it downgraded its net sales for the year.

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<v Speaker 1>Yeah, we're going to hear from Caaba next week with

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<v Speaker 1>their earning. As far as a yield picture, keep in

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<v Speaker 1>mind on a weekly basis, the dollar is down so

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<v Speaker 1>to our oil prices, and you're seeing yields stripped down

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<v Speaker 1>as well, down about five basis points on your two

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<v Speaker 1>year yield, a thirty year yield down pree percent.

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