Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data. Let's
Speaker 2: take it.
Speaker 1: We'll get some of the stocks on the move today.
Speaker 1: For that, we're joined by Bloomberg's Carmen Ranicky. Let's start
Speaker 1: with Take two. So, I mean, first of all, do
Speaker 1: we really need a Grand Theft Auto six? Can I
Speaker 1: shay that out loud?
Speaker 2: Oh?
Speaker 1: No, email's coming in.
Speaker 3: I don't know a lot about video games. It's like
Speaker 3: part of childhood that I just completely missed out on.
Speaker 3: But I know Grand Theft Auto on. You know, it's
Speaker 3: super popular and everyone's.
Speaker 2: Treasure shoot out to hijack a car. Sure.
Speaker 1: Cool.
Speaker 3: But so Take two ticker t t wo shares are
Speaker 3: down seven percent. Is like the worst intra date drop
Speaker 3: since early April. Basically, yeah, they delayed the release of
Speaker 3: this game. It was supposed to be in the fall,
Speaker 3: and now it looks like it will be in May
Speaker 3: twenty six. So Wall Street analysts were actually pretty positive
Speaker 3: on this. Some said that now that there's actually a date,
Speaker 3: they feel a lot better about it. Until there was
Speaker 3: a you know, actual solid date on the calendar. They
Speaker 3: felt that like further delays were always possible. So even
Speaker 3: though stock is down there, most of the analysts were
Speaker 3: still pretty positive on it. Take two and yeah, I
Speaker 3: think the public's really really waiting for GTA six.
Speaker 1: I remember back in my day, I did I think
Speaker 1: it was granted at that Botto something, And I did
Speaker 1: the whole overnight thing with the line outside some game
Speaker 1: stop in the middle of midtown with a camera talking
Speaker 1: to people man on the street, bringing back those memories gamer.
Speaker 2: No I was doing for work? Oh for work?
Speaker 1: Yeah? No, god no, no, I was at the camera
Speaker 1: talking to people, doing man on the street stuff for that.
Speaker 2: Yeah, there we go.
Speaker 1: Let's also hit Apple here. So we're looking at a
Speaker 1: couple downgrades.
Speaker 3: Yeah, so there are two downgrades this morning for Apple.
Speaker 3: The first was from Jeffreys, which cut its rating to underperform,
Speaker 3: which is a rare perish view on the stuff. I
Speaker 3: think it has at least to underperform or sort of
Speaker 3: sell ratings. The rest of the street is, you know,
Speaker 3: rather bullish on shares of Apple. Rosenblat Securities also cut
Speaker 3: its rating from buy to neutral. Basically, this comes after
Speaker 3: earnings that just weren't enough to sort of asswitche some
Speaker 3: of like investors' fears around the escalating tariff situation and
Speaker 3: a slow down in growth in China. Apple said that
Speaker 3: it expects the tariffs to boost costs by nine hundred
Speaker 3: million in the current period, and analysts really pushed Tim
Speaker 3: Cook on the call for any indication beyond the current period,
Speaker 3: which he really would not give. So there's a big
Speaker 3: question mark there as to, you know, how much it
Speaker 3: could hurt Apple if if the tariffs sort of escalate
Speaker 3: and continue, and how long that goes on. So two
Speaker 3: downgrades is pretty pretty big deal for Apple. Shares are
Speaker 3: down more than four percent today.
Speaker 1: And let's go to five below. So if we take
Speaker 1: a look at Bloomberg intelligen Is tariff matrix, five below
Speaker 1: was one of the companies that got hit the hardest
Speaker 1: in terms of getting having to pass on cost increases.
Speaker 3: What do we learned today though, Yeah, so they gave
Speaker 3: preliminary earnings shares about more than six and a half
Speaker 3: percent the best in about a week. They raised their
Speaker 3: forecast for first quarter sales and profit, which really goes
Speaker 3: against sort of this idea that they're going to get
Speaker 3: hit super hard. By tariff, so they'll obviously the quarter
Speaker 3: reflects sort of before when the tariffs are really getting going. Basically,
Speaker 3: it seems like a strong Easter holiday, which fell in
Speaker 3: April this year, is going to help out five below,
Speaker 3: as well as actually consumers pulling forward some of their
Speaker 3: spending because they're anticipating price increases because of tariff. So
Speaker 3: I think that's really interesting that, you know, they're they're
Speaker 3: expecting people to kind of stock up ahead of time.
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