WEBVTT - Dexcom Rallies, DraftKings Plunges, Pinterest Tumbles on Weak Sales Projection

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some of the stocks on the moves today. We

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<v Speaker 1>can do that with Bloomberg Television's markets correspondent nor Me

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<v Speaker 1>Linda no Abody looking at it.

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<v Speaker 2>Let's take a look at shares of Dexcom tick our DXCM.

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<v Speaker 2>We know this is the medical device maker, pretty popular

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<v Speaker 2>at least for those who have diabetes that tends to

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<v Speaker 2>They have a lot of devices that monitor glucose levels

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<v Speaker 2>for those with diabetes. We're seeing shares of the stock

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<v Speaker 2>up more than eight point three percent right now earlier,

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<v Speaker 2>hitting its biggest gain since June. Now, this is after

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<v Speaker 2>the company met its fourth quarter met the average analyst

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<v Speaker 2>estimate in terms of revenue. William Blair. Analysts are also

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<v Speaker 2>calling out the fact that they think that the company

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<v Speaker 2>has a favorable setup for a twenty percent plus EPs

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<v Speaker 2>growth with potential upside. So you're clearly seeing this as

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<v Speaker 2>a tailwind to the company today. Shares of the company

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<v Speaker 2>up about six point four percent so far this year.

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<v Speaker 2>All right, one of the companies that reported earnings yesterday

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<v Speaker 2>is on your radar, yes, and it is really deep

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<v Speaker 2>in the red. We're looking at DraftKings take our DKNG

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<v Speaker 2>shares are falling as much as sixteen percent today. That

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<v Speaker 2>is the worst intra day dropped since twenty twenty two. Now,

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<v Speaker 2>this is after the sports betting company's revenue forecast for

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<v Speaker 2>the year missed the average analyst estimate. I mean Flutter Entertainment,

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<v Speaker 2>which owns Fandel is also falling in sympathy, so we

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<v Speaker 2>didn't see shares of that also tumbling off of the news.

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<v Speaker 2>But really interesting, as we're really seeing this stock has

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<v Speaker 2>really had a tough start to twenty twenty six. If

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<v Speaker 2>we take a look at the action that we've been

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<v Speaker 2>seeing since the start of the year, we're seeing that

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<v Speaker 2>this stock is down about thirty seven percent so far

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<v Speaker 2>this year. All right, one more lastly, looking at Pinterest.

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<v Speaker 2>Of course pi ns not a pretty day for them either,

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<v Speaker 2>stock falling as much as twenty five percent. That's the

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<v Speaker 2>worst in almost four years. We of course know that

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<v Speaker 2>the company projected sales for the current quarter that missed

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<v Speaker 2>the average analyst estimate. It's reported first quarter revenue. It's

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<v Speaker 2>expected to be nine hundred and fifty one million dollars

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<v Speaker 2>to nine hundred and seventy one million dollars. That is

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<v Speaker 2>lower than the average analyst estimate of nine hundred and

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<v Speaker 2>eighty one million dollars. And we also know that, of course,

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<v Speaker 2>they did have the layoffs just back in January, and

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<v Speaker 2>they're really making this pivot, a shift toward artificial intelligence.

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<v Speaker 2>So I want to see how that works out for them,

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<v Speaker 2>but also a stock that's really suffering this year. Stock

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<v Speaker 2>is down forty four percent and twenty twenty six and

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<v Speaker 2>it's smid February.

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