Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Master a longer Tim Stenwick. Let's get to
Speaker 1: some stocks on the moon Bloomberg News process. A reporter
Speaker 1: Isabell Lee is in the house. Where should we begin.
Speaker 1: Let's start with c.
Speaker 3: IF Industry is a very sexy fertilizer company. It's interesting
Speaker 3: because the stock fluctuated throughout the day, at one point
Speaker 3: dropping as much as five percent, but it ended in
Speaker 3: the green, up by two point seven percent. So it
Speaker 3: initially dropped because Muzoo Securities cut its recommendation to underperform
Speaker 3: from mutual and that's after the stock price rallied on
Speaker 3: expected growth in demand and prices. So basically, the analyst
Speaker 3: said that the recent share rally was overdone, and they
Speaker 3: said that other fertilizer stocks have already started to give
Speaker 3: up some gains. So I feel like he thinks that
Speaker 3: it's overvalued, but I don't know. Maybe the stock is like, no,
Speaker 3: you know, I'm going to rally and now it's closed
Speaker 3: in the green. And see if Industry shares are up
Speaker 3: by more than sixty percent throughout the year.
Speaker 4: Yeah, they've definitely been on the move, I mean, and
Speaker 4: part of this, right is forgive me right. We've also
Speaker 4: talked a lot about I think what's going on in
Speaker 4: the Middle East war, higher costs of product, less supply,
Speaker 4: and so that typically bides well for our company, like
Speaker 4: CF industry.
Speaker 1: So interesting though to see.
Speaker 4: Yeah, all that going on, but it has been on
Speaker 4: such a tear.
Speaker 3: It's been on such a tear. And the analysts also
Speaker 3: said that they believe impact would be less than expected
Speaker 3: because most farmers have already purchase or prepaid their nitrogen
Speaker 3: needs for upcoming planting season. I feel like it's almost
Speaker 3: the same. Even with airlines. We talk about that, right, like, yeah,
Speaker 3: people rushing to buy plane tickets before they just increase
Speaker 3: in price. I should do that too, we.
Speaker 1: Too, We have to do that as well. Okay, let's
Speaker 1: talk about drinking.
Speaker 3: Drinking, Okay, Constellation, the non banker tickers.
Speaker 1: St problem for Constellation.
Speaker 3: I know, higher verse three times one percent. I don't
Speaker 3: drink too, Actually, you don't drink at all. No, Like
Speaker 3: in my wedding, I didn't drink. I don't like the
Speaker 3: taste of it.
Speaker 4: Oh, none of it, none of I'm not judgings.
Speaker 1: There's a lot of you folks out there. That's the challenge.
Speaker 3: That's a challenge. City raised the recommendation to buy from neutral.
Speaker 4: Look Bergs sliding up? What's wrong with those people? No,
Speaker 4: you're just kidding, just kidding.
Speaker 3: They cited a beer top line acceleration and evaluation that's
Speaker 3: below historical levels, and they said that positive depletions in
Speaker 3: the fourth quarter, that's what they expect after four quarters
Speaker 3: of negative depletions. So I guess the bad will be
Speaker 3: less badly, all right, So Kim and I will drink
Speaker 3: one day and it's not good.
Speaker 1: I just know it's okay.
Speaker 4: It's actually I think they're finding their rethinking that even
Speaker 4: they used to think, say, you know, a glass of wine, okay,
Speaker 4: But I think people are rethinking some of the studies.
Speaker 4: Let's go to Macy's which was on a tear tickers M.
Speaker 3: Ticker is M. It's one of those rare stocks with
Speaker 3: just a one letter tickers. Doc is up by four
Speaker 3: point eight percent. They close higher.
Speaker 1: Basically, the CEO basically.
Speaker 3: They're benefiting from really just a still resilient, wealthy consumer.
Speaker 3: So they reported better than I expect. That adjusted EPs
Speaker 3: and sales for the fourth quarter, and they gave guidance
Speaker 3: that was more encouraging. The CEO said that they see
Speaker 3: resilient customer base, especially for middle to upper income and
Speaker 3: I feel like that's when this story. Middle and number
Speaker 3: income people keep on shopping and shopping and shopping and spending,
Speaker 3: and those lower income consumers are the ones who feel pressure.
Speaker 3: And that's what he says also, And I feel like
Speaker 3: it's the K shape economy as everyone has been saying,
Speaker 3: I'm tired of buying stuff.
Speaker 5: Well, are you interested in buying anything from Micron right
Speaker 5: now to get in live?
Speaker 1: I may not, but everybody else is seems yeah.
Speaker 5: Looking at a Micron in the after hour, shares down
Speaker 5: about one percent this after the company warned that it
Speaker 5: will need to spend heavily on production to meet demand,
Speaker 5: overshadowing a generally upbeat forecast that was upbeat from the
Speaker 5: largest US maker of computer memory chips.
Speaker 4: We've seen this story before, right, strong numbers, top line,
Speaker 4: strong margins, and all this good stuff. But then they're saying, listen,
Speaker 4: we got to spend more in terms of their capex
Speaker 4: coming in higher, and then the stock goes from a
Speaker 4: rally to lower. But this one has been bouncing around
Speaker 4: a lot today in the aftermarket.
Speaker 1: Yeah, it has m you as the ticker.
Speaker 5: The company said it will spend We'll spend more than
Speaker 5: twenty five billion dollars this fiscal year. ANALYSTET estimated twenty
Speaker 5: two point four.
Speaker 1: Like I said, seen this movie before.
Speaker 4: It's also up sixty two percent year today.
Speaker 2: Correct this stock movers report from Bloomberg Radio. Check back
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