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Speaker 1: Bloomberg Audio Studios, podcasts, radio News. The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Let's take a look at some of the stocks on

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Speaker 2: the move today. I'm Paul Sweeney alongside John Tucker, and

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Speaker 2: we're joining today by Bloomberg. Carmen ryani Ky Carmon. What

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Speaker 2: are you looking at in the markets?

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Speaker 3: Yeah, So one of the first stops, first stocks I'm

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Speaker 3: looking at this morning is Wings stop ticker wi N

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Speaker 3: Chicken Wings Chicken Wings. Yeah, and this, I mean, you

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Speaker 3: wouldn't think it would be such a big move. The

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Speaker 3: stock is up twenty three percent. It's the best intra

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Speaker 3: day jump since twenty twenty two, so best in three

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Speaker 3: years for the stock. It reported earnings, adjusted earnings for

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Speaker 3: shar and revenue beat Wall Street estimates. It also had

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Speaker 3: a forecast for domestic sales growth for the full year

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Speaker 3: that's up one percent more than expected. So analysts were

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Speaker 3: really cheering that outlook as setting the company up for

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Speaker 3: an attractive path forward. They all called out something so

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Speaker 3: the company is rapidly opening stores. The CEO mentioned that,

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Speaker 3: and they're.

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Speaker 2: Hopefully they happen around here. Okay, keep going.

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Speaker 3: So there Also, the stores should also benefit from improving

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Speaker 3: operational efficiencies, including the smart kitchen that they've been rolling out.

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Speaker 3: It's expected to be system wide by the end of

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Speaker 3: the year. And it's you know, helps them make chicken

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Speaker 3: a I meets chicken, you know cut it cuts down

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Speaker 3: taking time and makes their kitchen.

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Speaker 2: Wasn't there a chicken shortage at some point? What happened

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Speaker 2: to that whole thing? They were sick and flu So

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Speaker 2: it is egg sor right here we go Wingstop in

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Speaker 2: New York eighth Avenue and fifty fifth Street, John after

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Speaker 2: the show, Okay, go check it out?

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Speaker 3: All right?

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Speaker 1: What else you got for Charlie's free?

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Speaker 3: So I'm also looking at shairs of Starbucks. So this

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Speaker 3: is ticker s b u X. This is I actually

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Speaker 3: had a huge so to fall off this morning. So

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Speaker 3: it was up as much as six point four percent

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Speaker 3: and then reversed. It's now down about three percent. So

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Speaker 3: it also reported that things last night, sales and profit

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Speaker 3: film more than anticipated. And it seems like this is

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Speaker 3: potentially sparking worry that the companies turn around is going

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Speaker 3: slower than expected. I think investors have really been trying

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Speaker 3: to digest you know, the new CEO, Brian Nicol, He's

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Speaker 3: been there since September. There's a lot of optimism around him,

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Speaker 3: sort of versus you know, the guy.

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Speaker 2: Who's like working remotely as CEO.

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Speaker 3: Yes, because he came from Chipotle and so he's not

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Speaker 3: in Seattle. So anyway, he's made a lot of changes.

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Speaker 3: It seems like it hasn't won one hundred percent quite

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Speaker 3: come through into the financials yet, so analysts and investors

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Speaker 3: are really watching that.

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Speaker 2: They are writing on your cups again, at least of mind,

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Speaker 2: which I think is kind of a throwback to the

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Speaker 2: early days and as opposed to just the sticker that

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Speaker 2: I get maybe my name, a little smiley face, so

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Speaker 2: you get back to the kind.

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Speaker 3: Of the that's all the reason to go there, little

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Speaker 3: chest message.

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Speaker 2: Yeah. Well, I mean, here's my Starbucks thing. The drive

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Speaker 2: through is like twenty cars deep. I walk in store,

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Speaker 2: there's like three people in here. I get my coffee

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Speaker 2: in like thirty seconds. You know, people have just totally

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Speaker 2: gone to the drive through route. So I don't know,

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Speaker 2: all right, what else we have one more?

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Speaker 3: All right? So the other one I'm looking at is

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Speaker 3: Palo Alto Networks and cyber Arcs. So those are tickers

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Speaker 3: PA and W and C why b R So Palo

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Speaker 3: Alto Networks shares are down about eight percent right now.

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Speaker 3: The company agreed to buy cyber Arcs Software Limited in

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Speaker 3: a cash and stock deal values the company at about

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Speaker 3: twenty five billion. The transaction is expected to close in

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Speaker 3: the second half of Palo Alto's fiscal year twenty twenty six.

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Speaker 3: It gives the company sort of a big suite of

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Speaker 3: new identity security tools and especially ones that can be

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Speaker 3: used with artificial intelligence. So obviously that's a buzzword there.

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Speaker 3: And I wanted to point out cyber arc shares are

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Speaker 3: down a little bit today, they're down about two percent.

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Speaker 3: But yesterday after we sort of heard the first rumblings

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Speaker 3: of this deal, the stock closed at a record high

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Speaker 3: and was uplt.

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Speaker 2: And the most important aspect of this transaction is who's

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Speaker 2: advising And got JP Morgan advising the buyer. We've got

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Speaker 2: Frank Quatron and Catalyst Partners advising the seller as he

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Speaker 2: always does. Frank question always get paid. Whin there's money

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Speaker 2: moving in Silicon Valley.

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Speaker 1: The Stockmover's report from Bloomberg Radio Check back with us

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Speaker 1: throughout the day for the latest roundup of companies making

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Speaker 1: news on Wall Street, and for the latest market moving headlines.

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