1 00:00:02,520 --> 00:00:10,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,920 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,880 --> 00:00:19,200 Speaker 2: Let's take a look now at some stocks making news 5 00:00:19,239 --> 00:00:22,320 Speaker 2: in the week ahead. I'm Alexis Christophers with Tatiana Dari, 6 00:00:22,360 --> 00:00:26,120 Speaker 2: a Bloomberg strategist for Markets Live. Tatiana, you brought three 7 00:00:26,239 --> 00:00:30,040 Speaker 2: names with you. Let's begin with if you're a pet owner, 8 00:00:30,040 --> 00:00:30,800 Speaker 2: you know them well. 9 00:00:30,960 --> 00:00:36,080 Speaker 3: Chewy Chewey exactly. Chewey will report fourth quarter earnings and 10 00:00:36,159 --> 00:00:40,280 Speaker 3: next week, and analysts are expecting a solid profit increase 11 00:00:40,400 --> 00:00:43,599 Speaker 3: versus the year ahead, and that may come to help 12 00:00:43,680 --> 00:00:47,800 Speaker 3: the stock revive some of that momentum because it has 13 00:00:47,840 --> 00:00:51,640 Speaker 3: come under pressure this year on concerns over growth and 14 00:00:51,680 --> 00:00:55,440 Speaker 3: the profitability outlook for this year and next year. And 15 00:00:55,600 --> 00:00:58,440 Speaker 3: analyst and Morgan Stanley expect this print to set the 16 00:00:58,520 --> 00:01:01,319 Speaker 3: tone for the year ahead. And they expect full your 17 00:01:01,320 --> 00:01:04,360 Speaker 3: guidance of about seven to seven and a half of 18 00:01:04,520 --> 00:01:08,920 Speaker 3: revenue growth. So remember that number because anything less than 19 00:01:08,920 --> 00:01:13,320 Speaker 3: that could come to pressure the stock again. The company 20 00:01:13,920 --> 00:01:17,280 Speaker 3: you know has named a new CFO in February reaffirmed 21 00:01:17,319 --> 00:01:21,000 Speaker 3: its financial outlook, so it has tailwinds in place. Its 22 00:01:21,040 --> 00:01:25,360 Speaker 3: revenue has been steadily climbing through the years, even as 23 00:01:25,360 --> 00:01:32,000 Speaker 3: we've seen consumers come under pressure from all prices rising elsewhere. Basically, 24 00:01:32,080 --> 00:01:35,240 Speaker 3: so has it has a momentum there. It's just that 25 00:01:35,680 --> 00:01:39,080 Speaker 3: when people are looking ahead, they're concerned about consumers pulling 26 00:01:39,120 --> 00:01:42,200 Speaker 3: back now with high oil prices, So we sort of 27 00:01:42,240 --> 00:01:49,200 Speaker 3: need to see revenue outlook and that guidance be lifted 28 00:01:49,440 --> 00:01:53,080 Speaker 3: so that the stock investors feel more reassured. 29 00:01:53,160 --> 00:01:55,160 Speaker 2: You know, it's interesting when you talk about consumer spending, 30 00:01:55,160 --> 00:01:58,040 Speaker 2: because sometimes we'll pull back on things for ourselves, but 31 00:01:58,080 --> 00:02:00,760 Speaker 2: I think history has shown people don't know, necessarily pull 32 00:02:00,840 --> 00:02:03,840 Speaker 2: back for their pets. They're still going to pay for 33 00:02:03,880 --> 00:02:09,160 Speaker 2: their pets. Also, they have their Chewy vet clinics that 34 00:02:09,240 --> 00:02:12,320 Speaker 2: I guess are in stores. I understand that's going to 35 00:02:12,320 --> 00:02:15,360 Speaker 2: be a bigger part of the Chewy story, I guess 36 00:02:15,360 --> 00:02:16,560 Speaker 2: in twenty twenty six. 37 00:02:16,880 --> 00:02:20,000 Speaker 3: Yes, exactly, a push there. And they also have their 38 00:02:20,400 --> 00:02:23,919 Speaker 3: sort of revenue or their online platform or you can 39 00:02:23,919 --> 00:02:28,320 Speaker 3: schedule deliveries, and that's also been a big focus for 40 00:02:28,760 --> 00:02:32,160 Speaker 3: the company and for the stock. But yet again, as 41 00:02:32,240 --> 00:02:34,760 Speaker 3: those growth concerns have been battering the stock. It will 42 00:02:34,800 --> 00:02:37,799 Speaker 3: be very important for them to go back to what 43 00:02:37,960 --> 00:02:40,960 Speaker 3: analysts have been saying to a bet and raise cadence, 44 00:02:41,720 --> 00:02:45,520 Speaker 3: which they have not had in recent quarters. We have 45 00:02:45,560 --> 00:02:48,200 Speaker 3: a great function on the terminal where you could see 46 00:02:48,440 --> 00:02:53,040 Speaker 3: how results have been coming in pitted against expectations, and 47 00:02:53,480 --> 00:02:56,040 Speaker 3: five or four of the past five have not really 48 00:02:56,080 --> 00:02:59,000 Speaker 3: been great. The last one was better, which sets up 49 00:02:59,160 --> 00:03:02,200 Speaker 3: hopes that this one will come in also better than 50 00:03:02,200 --> 00:03:02,600 Speaker 3: next part. 51 00:03:02,800 --> 00:03:04,800 Speaker 2: And just want to add Morgan Stanley kept its overweight 52 00:03:04,880 --> 00:03:07,680 Speaker 2: rating on Chewy, trimming its price target to fifty dollars 53 00:03:07,720 --> 00:03:10,320 Speaker 2: from fifty one, saying the stock is offering a quote 54 00:03:10,320 --> 00:03:14,560 Speaker 2: compelling entry point following its recent decline. So Chewy on 55 00:03:14,600 --> 00:03:17,640 Speaker 2: the move here in the coming week. Also, beyond Meat, 56 00:03:17,639 --> 00:03:21,079 Speaker 2: which I know is dropping the name meat from its 57 00:03:21,120 --> 00:03:23,400 Speaker 2: from its official title, right, tell us what we can 58 00:03:23,440 --> 00:03:24,320 Speaker 2: expect there. 59 00:03:24,280 --> 00:03:27,799 Speaker 3: Well, the maker of alternative meat product is also did 60 00:03:27,800 --> 00:03:31,160 Speaker 3: to report, but expectations here are much lower because they've 61 00:03:31,200 --> 00:03:37,360 Speaker 3: already reported preliminary revenue and it came below expectations. With that, 62 00:03:37,480 --> 00:03:40,360 Speaker 3: they also said that they will delay the filing of 63 00:03:40,400 --> 00:03:44,280 Speaker 3: their ten K annual report because the company requires additional 64 00:03:44,320 --> 00:03:47,640 Speaker 3: time to complete a review and analysis related to its 65 00:03:47,720 --> 00:03:52,440 Speaker 3: inventory balances. And you know when you get messages like that, 66 00:03:52,440 --> 00:03:55,240 Speaker 3: that always books the market. And this is something that 67 00:03:55,280 --> 00:03:58,720 Speaker 3: this company did not need because if you look at 68 00:03:58,720 --> 00:04:03,640 Speaker 3: the long term chart, the stock has fallen dramatically since 69 00:04:03,680 --> 00:04:07,640 Speaker 3: it's much talk to IPO in twenty nineteen. It's lost 70 00:04:07,800 --> 00:04:11,520 Speaker 3: more than ninety percent of its value since then. So 71 00:04:12,080 --> 00:04:14,880 Speaker 3: it really doesn't have a good story. It keeps getting worse, 72 00:04:15,240 --> 00:04:17,520 Speaker 3: and it doesn't have a good track record when it 73 00:04:17,520 --> 00:04:20,960 Speaker 3: comes to earnings either. Four of the past five quarters 74 00:04:21,000 --> 00:04:24,800 Speaker 3: have seen earnings really disappoint expectations and shares fall as 75 00:04:24,839 --> 00:04:28,320 Speaker 3: a result. So the bar is pretty high here for 76 00:04:28,760 --> 00:04:29,360 Speaker 3: a surprise. 77 00:04:29,680 --> 00:04:31,560 Speaker 2: Yeah, and you know, I know they're trying to expand 78 00:04:31,600 --> 00:04:35,920 Speaker 2: beyond fake meat. They're rebranding as Beyond the Plant Protein Company. 79 00:04:35,920 --> 00:04:39,120 Speaker 2: They're introducing these new products like high protein sparkling drinks 80 00:04:39,760 --> 00:04:42,760 Speaker 2: and what they call simplified plant protein foods. We'll see 81 00:04:42,800 --> 00:04:44,520 Speaker 2: if it's you know, that's what it takes to turn 82 00:04:44,560 --> 00:04:47,680 Speaker 2: things around. All right, let's squeeze Carnival in here. The 83 00:04:47,760 --> 00:04:49,240 Speaker 2: cruise line. How are they doing or how are they 84 00:04:49,240 --> 00:04:49,960 Speaker 2: expected to do? 85 00:04:50,279 --> 00:04:54,040 Speaker 3: Carnival reports before the bell on March twenty seven. What 86 00:04:54,120 --> 00:04:56,920 Speaker 3: the street wants to know here is how much will 87 00:04:57,000 --> 00:05:00,440 Speaker 3: higher oil prices impact its year head of look, this 88 00:05:00,520 --> 00:05:02,599 Speaker 3: is sort of the big question when it comes to 89 00:05:02,680 --> 00:05:06,600 Speaker 3: earning forecasts, just overall. In the S and P five hundred, 90 00:05:06,839 --> 00:05:10,560 Speaker 3: but specifically to Carnival, Morgan Stanley identified the name as 91 00:05:10,560 --> 00:05:14,839 Speaker 3: the most exposed among cruise liners to oil prices because 92 00:05:14,839 --> 00:05:18,360 Speaker 3: it does not hedge, which they reckon that this would 93 00:05:18,400 --> 00:05:22,839 Speaker 3: translate into about a forty five hit hit to its 94 00:05:22,920 --> 00:05:26,320 Speaker 3: EPs outlook, or that's about a twenty percent hit to 95 00:05:26,360 --> 00:05:29,800 Speaker 3: its overall guidance if you want to think in percentage terms. Okay, well, 96 00:05:29,800 --> 00:05:31,760 Speaker 3: if you look at the stock, that's about how much 97 00:05:31,839 --> 00:05:34,920 Speaker 3: it has fallen since the war has started. So basically 98 00:05:35,000 --> 00:05:38,640 Speaker 3: you could argue that the market has baked that in already. Okay, 99 00:05:38,800 --> 00:05:42,320 Speaker 3: But although this is an estimate, not a confirmation from 100 00:05:42,360 --> 00:05:44,560 Speaker 3: the company, so we'll have to see if that comes 101 00:05:44,560 --> 00:05:47,560 Speaker 3: in sort of a higher or lower than expected. But 102 00:05:47,920 --> 00:05:50,159 Speaker 3: the point is that the market has already baked in 103 00:05:50,200 --> 00:05:52,799 Speaker 3: some bad news. Now we have to see how bad 104 00:05:53,040 --> 00:05:54,159 Speaker 3: will the news actually be. 105 00:05:55,800 --> 00:05:59,760 Speaker 1: The stock mover's report from Bloomberg Radio check back with 106 00:05:59,839 --> 00:06:02,480 Speaker 1: us throughout the day for the latest roundup of companies 107 00:06:02,560 --> 00:06:05,640 Speaker 1: making news on Wall Street, and for the latest market 108 00:06:05,680 --> 00:06:10,160 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. 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