WEBVTT - Expedia Drops, Akami Technologies Soars, Monster Beverage Gains as Earnings Beat Estimates

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look with some of the stocks on

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<v Speaker 1>the move that they will do that with the Smith tayleish,

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<v Speaker 1>what are you looking at all?

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<v Speaker 2>Right?

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<v Speaker 1>So I want to start with these are companies that

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<v Speaker 1>reported after the closed yesterday, but they're still moving on

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<v Speaker 1>the downside. We want to start with traveling company Expedia.

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<v Speaker 1>Their shares fell as much as ten percent now gone

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<v Speaker 1>back a little bit about eight percent or show. They

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<v Speaker 1>forecast gross bookings didn't really impress. So they reported second

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<v Speaker 1>quarter bookings guidance thirty two and a half billion to

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<v Speaker 1>thirty three point one billion, and that was against consensus

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<v Speaker 1>of thirty three billion analysts. They pointed to a couple

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<v Speaker 1>of things, right, macroeconomic pressures. They kind of wait on

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<v Speaker 1>the guidance. They warn't, I run right, do you have

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<v Speaker 1>political uncertainty that's really been raising travel costs? So we

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<v Speaker 1>go to Bloomberg Intelligence and they said full your guidance

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<v Speaker 1>left unchanged, but there was that risk of down revisions

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<v Speaker 1>later this year if those macro conditions remain stable. And

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<v Speaker 1>you compare that to Booking last week, who cut its

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<v Speaker 1>outlook for the year. But I mean the shares are

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<v Speaker 1>still down. Their results weren't that bad. I mean they

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<v Speaker 1>posted quarterly revenue three point four through billion of about

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<v Speaker 1>fifteen percent from a year earlier. They said that the

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<v Speaker 1>World Cup is going to, you know, help business, but

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<v Speaker 1>I guess it's just that forecast for gross bookings that

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<v Speaker 1>kind of overshadow that. So their shares are lower.

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<v Speaker 2>But things could also change as well. If oil prices

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<v Speaker 2>do end up going down and people decide, you know

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<v Speaker 2>what I do want to go travel later on, they

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<v Speaker 2>could do that potentially correct. All right, number two on

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<v Speaker 2>your list.

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<v Speaker 1>Okay, so we got to we'll go to the gainers, right,

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<v Speaker 1>so we'll go to Akamai. Taker akam up as much

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<v Speaker 1>as twenty five percent, come back a little bit about

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<v Speaker 1>twenty percent. The company announced that that leading Frontier AI

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<v Speaker 1>model provider is going to be committing one point eight

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<v Speaker 1>billion over seven years for its cloud infrastructure services. It

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<v Speaker 1>also reported first quarter results that gave an outlook as well.

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<v Speaker 1>Bloomberg Intelligence they really like the news, they say, the

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<v Speaker 1>cloud do you kind of set them up for this

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<v Speaker 1>growth inflection for twenty twenty ACM I they want to

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<v Speaker 1>lift their capital spending for the year to kind of

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<v Speaker 1>support that deal. The adding spending is going to help

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<v Speaker 1>pay for Nvidia GPU upgrades, also deer related investments too,

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<v Speaker 1>and they're helping for improved growth. So it looks so good,

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<v Speaker 1>good so far for ACME. Okay, one more, all right,

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<v Speaker 1>I gotta go to Monster Beverage Sticker m NST. Those

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<v Speaker 1>are these cans that are all over my son's room

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<v Speaker 1>like the energy drinks. Okay, so core audience for that

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<v Speaker 1>product exactly. The share is planned about fourteen percent. That's

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<v Speaker 1>the most since March of twenty seventeen. Beat on first

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<v Speaker 1>quarter adjusted earnings pres share JP Morgan raised their price target,

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<v Speaker 1>so that helped as well. Bloomberg Intelligence says, it just

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<v Speaker 1>shows the strength of the global energy drink market. It's it.

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<v Speaker 1>It has no signs of letting up. Helped it overcome

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<v Speaker 1>weakness because it has Actually I didn't realize this an

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<v Speaker 1>alcoholic beverage segment. So I'm hoping those cans in my

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<v Speaker 1>son's room where the energy drink that's thinking about this now,

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<v Speaker 1>that was the beasts unleashed, so apparently that's not doing

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<v Speaker 1>as well, but since the energy drink is doing so well,

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<v Speaker 1>that really helped boost their boots up their numbers.

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<v Speaker 2>There the Stockmovers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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