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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 3: Joining us now is Bloomberg Cross Asset reporter Isabelle Lee.

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Speaker 1: Isabelle, what are you watching?

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Speaker 4: American Tower, So the stock close Tire today by five percent.

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Speaker 4: The shares are up after a company reporter earning that

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Speaker 4: beat expectations and it gave an outlook that is seen

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Speaker 4: as positive. Emily was asking you what is American Tower

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Speaker 4: and we said it to tower. No, it's a wireless

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Speaker 4: communications real estate investment trust.

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Speaker 3: So they do the tower. So it's like you have

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Speaker 3: your cell phone. Yes, there's a data plan. That data

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Speaker 3: plan comes to you thanks to the company.

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Speaker 1: That you pay.

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Speaker 3: The company that you pay gets the towers. Yes, from

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Speaker 3: a company such as American Tower.

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Speaker 4: My husband's best man works there. Actually, Okay, anyways, so

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Speaker 4: for have them. On first quarter, I just said ebit

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Speaker 4: that was hired in estimates, as was the revenue and

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Speaker 4: the year ahead. It was the same story and overall

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Speaker 4: Wall Street really just dubbed the results as positive.

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Speaker 1: What about industrials.

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Speaker 5: That's supposed to be a good stock play for this year, right, definitely,

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Speaker 5: Afety Hudge.

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Speaker 4: Yes, So we have Honeywell edging higher by nearly six percent.

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Speaker 4: They also raise their Folier guidance for their EPs. The

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Speaker 4: company plans to split into three separate companies, and they

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Speaker 4: said they will use a multiprong approach to offset around

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Speaker 4: five hundred million dollars entire exposure. We have JP Morgan

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Speaker 4: saying that it's a solid quarter, though not as strong

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Speaker 4: as the headline suggests. But City gave a nod, saying

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Speaker 4: raising the EPs outlook and the offsetting of the five

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Speaker 4: hundred million dollars of TIREFF exposure reflects quote agile operational execution.

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Speaker 1: That's my goal in.

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Speaker 4: Life to be called agile.

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Speaker 3: Okay, noted noted, Thanks take note. You guys are on

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Speaker 3: the same team. So yeah, we're on the same To

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Speaker 3: tell everybody. Peiser also stock that you're watching what's going

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Speaker 3: on Pfiser.

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Speaker 4: This then also rounding up the green on discoree in

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Speaker 4: Fighters edging higher by more than three percent. So the

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Speaker 4: company is cutting another one point two billion dollars from

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Speaker 4: its spending. Well, really it searches for the next big hit.

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Speaker 4: That's after it's obesity pill pailed, and in an interview

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Speaker 4: with Bloomberg, Pfizer said it expects to pull off two

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Speaker 4: or three deals, which totals around fifteen billion dollars to

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Speaker 4: replenish really their pipeline. So we know Pfiser has really

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Speaker 4: struggled after their marvelous year of like COVID nineteen vaccine demand,

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Speaker 4: but now it's been struggling and I think they're really

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Speaker 4: looking for that next one hit. Wonder.

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Speaker 5: Yeah, it's hard when a company's kind of known even

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Speaker 5: to just everyday people for you know, their their product.

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Speaker 5: I mean, there were memes online about the Pfizer did

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Speaker 5: you get the Pfizer? And now that that kind of

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Speaker 5: you know, hype around COVID vaccines is over, they really

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Speaker 5: do need to find a new drug.

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Speaker 1: You know.

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Speaker 3: It's interesting that you say that because that's kind of

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Speaker 3: a good transition to Starbucks, because this is a company

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Speaker 3: that's been working on shedding the image that it's had

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Speaker 3: over the last few years. What's going on with shares

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Speaker 3: of Starbucks as a well post.

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Speaker 4: Market trading edging slightly lowered by three of one percent,

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Speaker 4: so their quarterly sales fell faster than expected. So this

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Speaker 4: just really highlights how hard it is for the coffee

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Speaker 4: chain to rework the lost ground that it lost. Honestly,

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Speaker 4: when you walk around Manhattan, there's just so many coffee shops.

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Speaker 4: And I love Starbucks because I come from Asia, and

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Speaker 4: I like the consistency because my Cafemoka there takes the

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Speaker 4: same here. But my European friends, well, let's just say

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Speaker 4: they're pickier with their coffee, and some love some shops,

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Speaker 4: some hate some shops. But it's really tough for the company.

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Speaker 4: Share a slip around three ten percent right now, and

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Speaker 4: so far this year down by seven percent.

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Speaker 5: Yeah, they brought in CEO Brian Nicol, who of course

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Speaker 5: was at Chipotle before that, as part of a turnaround.

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Speaker 5: I guess it's too early to judge yet. His right,

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Speaker 5: it's kind of unfair to judge house.

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Speaker 3: He came in late summer, early fall is how you

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Speaker 3: could characterize when you got there.

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Speaker 1: More and more fall, more more like it. But yeah,

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Speaker 1: it's been still early, Okay, so I'll start efforts.

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Speaker 4: Thing is performance later, yes, but his efforts have made

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Speaker 4: headlines like streamlining some stuff, removing a lot of frills.

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Speaker 4: So you're right, remains to be seen.

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Speaker 1: Stock.

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Speaker 3: The stock is down from it's down like over twenty

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Speaker 3: percent from high's reached just a few months ago, just

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Speaker 3: February twenty eighth.

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Speaker 1: That's pretty remarkable to.

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Speaker 3: Say, Okay, you got one more for us, we got

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Speaker 3: a special edition SMCI shares cratering.

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Speaker 4: Yes, and I if my screen is correct, it's down

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Speaker 4: by eighteen percent in postmarket trading, So that's really stellar.

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Speaker 4: It tumbled after giving preliminary results that fell well short

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Speaker 4: of analyst estimates. Again, it's a sign that its comeback

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Speaker 4: plant has been slowed to gain traction. Sales were four

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Speaker 4: point five billion to four point six billion, that miss

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Speaker 4: analyst estimates by a lot. Earnings excluding some items came

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Speaker 4: in a twenty nine cents or thirty one cents. That's

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Speaker 4: also lower than analysts expected. So it's really not that

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Speaker 4: great news for super micro. And this used to be

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Speaker 4: like the big company. I remember, Emily and I used

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Speaker 4: to cover this because at one point it was in

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Speaker 4: the SMP.

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Speaker 1: It's backy the what's it really ok? Back in the

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Speaker 1: S ANDP. Now it's yeah, yeah, that's what's so weird

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Speaker 1: about it.

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Speaker 5: But it hasn't. I mean it hasn't been for long, right,

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Speaker 5: I think they It was added most recently last year.

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Speaker 1: It's one of the newest editions.

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Speaker 4: Yeah, and then it created yeah small cap and a

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Speaker 4: large cap at the same time.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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