Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look with some of the stocks on
Speaker 1: the move that they will do that with the Smith tayleish,
Speaker 1: what are you looking at all?
Speaker 2: Right?
Speaker 1: So I want to start with these are companies that
Speaker 1: reported after the closed yesterday, but they're still moving on
Speaker 1: the downside. We want to start with traveling company Expedia.
Speaker 1: Their shares fell as much as ten percent now gone
Speaker 1: back a little bit about eight percent or show. They
Speaker 1: forecast gross bookings didn't really impress. So they reported second
Speaker 1: quarter bookings guidance thirty two and a half billion to
Speaker 1: thirty three point one billion, and that was against consensus
Speaker 1: of thirty three billion analysts. They pointed to a couple
Speaker 1: of things, right, macroeconomic pressures. They kind of wait on
Speaker 1: the guidance. They warn't, I run right, do you have
Speaker 1: political uncertainty that's really been raising travel costs? So we
Speaker 1: go to Bloomberg Intelligence and they said full your guidance
Speaker 1: left unchanged, but there was that risk of down revisions
Speaker 1: later this year if those macro conditions remain stable. And
Speaker 1: you compare that to Booking last week, who cut its
Speaker 1: outlook for the year. But I mean the shares are
Speaker 1: still down. Their results weren't that bad. I mean they
Speaker 1: posted quarterly revenue three point four through billion of about
Speaker 1: fifteen percent from a year earlier. They said that the
Speaker 1: World Cup is going to, you know, help business, but
Speaker 1: I guess it's just that forecast for gross bookings that
Speaker 1: kind of overshadow that. So their shares are lower.
Speaker 2: But things could also change as well. If oil prices
Speaker 2: do end up going down and people decide, you know
Speaker 2: what I do want to go travel later on, they
Speaker 2: could do that potentially correct. All right, number two on
Speaker 2: your list.
Speaker 1: Okay, so we got to we'll go to the gainers, right,
Speaker 1: so we'll go to Akamai. Taker akam up as much
Speaker 1: as twenty five percent, come back a little bit about
Speaker 1: twenty percent. The company announced that that leading Frontier AI
Speaker 1: model provider is going to be committing one point eight
Speaker 1: billion over seven years for its cloud infrastructure services. It
Speaker 1: also reported first quarter results that gave an outlook as well.
Speaker 1: Bloomberg Intelligence they really like the news, they say, the
Speaker 1: cloud do you kind of set them up for this
Speaker 1: growth inflection for twenty twenty ACM I they want to
Speaker 1: lift their capital spending for the year to kind of
Speaker 1: support that deal. The adding spending is going to help
Speaker 1: pay for Nvidia GPU upgrades, also deer related investments too,
Speaker 1: and they're helping for improved growth. So it looks so good,
Speaker 1: good so far for ACME. Okay, one more, all right,
Speaker 1: I gotta go to Monster Beverage Sticker m NST. Those
Speaker 1: are these cans that are all over my son's room
Speaker 1: like the energy drinks. Okay, so core audience for that
Speaker 1: product exactly. The share is planned about fourteen percent. That's
Speaker 1: the most since March of twenty seventeen. Beat on first
Speaker 1: quarter adjusted earnings pres share JP Morgan raised their price target,
Speaker 1: so that helped as well. Bloomberg Intelligence says, it just
Speaker 1: shows the strength of the global energy drink market. It's it.
Speaker 1: It has no signs of letting up. Helped it overcome
Speaker 1: weakness because it has Actually I didn't realize this an
Speaker 1: alcoholic beverage segment. So I'm hoping those cans in my
Speaker 1: son's room where the energy drink that's thinking about this now,
Speaker 1: that was the beasts unleashed, so apparently that's not doing
Speaker 1: as well, but since the energy drink is doing so well,
Speaker 1: that really helped boost their boots up their numbers.
Speaker 2: There the Stockmovers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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