Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock Movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.
Speaker 3: Let's call Airbnb. Apparently investors are let's get to it,
Speaker 3: because that is definitely some outperformance in the session. This
Speaker 3: one up seventeen point four percent in today's trade, top
Speaker 3: gainer in both the S and P and the Nasdaq
Speaker 3: one hundred. Company boosting its annual revenue forecast for a
Speaker 3: second time this year. They cited robust demand in the
Speaker 3: US and Europe. Company now sees annual revenue growth improving
Speaker 3: by a percentage of at least mid teens, and boosted
Speaker 3: its full ear margin forecast for adjusted earnings optimistic outlooks
Speaker 3: suggesting that travel demand does remain healthy. Overall nights and
Speaker 3: seats booked jumping ten percent to one hundred and forty
Speaker 3: eight point three million the se quarter. They're also renting
Speaker 3: out apparently boutique hotel room, so this is a new
Speaker 3: revenue stream for them. The stock now up about twenty
Speaker 3: eight percent year to date. Let's flip it on over
Speaker 3: to SpaceX if we made this one up sixteen percent
Speaker 3: in today's session. Top gainer it was in today's trade
Speaker 3: the Nasdaq one hundred, continuing the climate we saw yesterday.
Speaker 3: That came after the release of as many as nine
Speaker 3: hundred eleven point five million shares worth about one hundred
Speaker 3: billion dollars from those lock up agreements, so investors snapping
Speaker 3: up the shares. It's been a bit of a roller
Speaker 3: coaster rod we know since the IPO stock though one
Speaker 3: hundred and thirty three dollars and eleven cents, so just
Speaker 3: below that IPO price closing here. And I think this
Speaker 3: stock is up roughly about nineteen percent this week. Let
Speaker 3: me just see if it made the twenty percent mark.
Speaker 3: Yep up twenty two almost twenty three percent for the
Speaker 3: week overall, and then let's go on over. I hope
Speaker 3: I gave the right ticker Microchip. Thank you, Lizzie, thank you.
Speaker 3: A top in the SNP and Nasdaq one hundred. That
Speaker 3: one up about thirteen almost fourteen percent here. Semi Conductor
Speaker 3: Manufacturing forecast Company forecast just a drinks per share for
Speaker 3: the second quarter and guidance that beat the average analyst destinment.
Speaker 3: We did see some analysts raising their price target, some
Speaker 3: lowering stacks up more than thirty percent.
Speaker 1: Yeared it what a r tim?
Speaker 4: Okay, Well, I think Romaine wants to talk Duncan and coffee.
Speaker 4: I do too. We'll get there in a second. I
Speaker 4: want to start with Trade Dust, the worst performer.
Speaker 3: P fives, you know, aligning with.
Speaker 4: Down twenty two percent today. We covered this briefly yesterday
Speaker 4: when the company was out. It reported earnings for second
Speaker 4: quarter and gave third quarter revenue that really missed average
Speaker 4: analyst estimates. Shares are down eighty nine percent since since
Speaker 4: twenty twenty four highs. At least four brokerages have downgraded
Speaker 4: their writing on the stock after this latest report. Once again,
Speaker 4: Trade Dusk down twenty two percent today. Let's go to
Speaker 4: retail and apparel and talk under Armour a little bit.
Speaker 4: The company forecast sharper revenue declined than previously expected as
Speaker 4: demand softens in several key region. Shares down today by
Speaker 4: four and a half percent. The company has been trying
Speaker 4: to turn around its business by cut against product offerings
Speaker 4: and reducing discounts. And then remember they lost Steph Curry.
Speaker 4: That's added additional pressure as well, four and a half
Speaker 4: percent of the downside for under Armour and finally, shares
Speaker 4: of Sweet Green Romain. I know this is one of
Speaker 4: your lunch spots. I went today to do some research.
Speaker 4: It was no joke. Empty today midday on To be fair,
Speaker 4: it's a Friday in midtown Manhattan. I don't know if
Speaker 4: anyone comes into the office except for us, but there
Speaker 4: was nobody there. And that's the concern that Sweet Green
Speaker 4: has right now as it continues to battle the cyclospora outbreak,
Speaker 4: even though it's products have not been linked to what
Speaker 4: has happened with certain packaged lettuces. Shares down eight percent
Speaker 4: today after it downgraded its net sales for the year.
Speaker 1: Yeah, we're going to hear from Caaba next week with
Speaker 1: their earning. As far as a yield picture, keep in
Speaker 1: mind on a weekly basis, the dollar is down so
Speaker 1: to our oil prices, and you're seeing yields stripped down
Speaker 1: as well, down about five basis points on your two
Speaker 1: year yield, a thirty year yield down pree percent.
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