1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:16,800 --> 00:00:19,319 Speaker 1: Let's take a look at some individual stocks on the move, 5 00:00:19,800 --> 00:00:22,760 Speaker 1: and let's bring in bloombergs Denizza Sokova, Janita What if 6 00:00:22,760 --> 00:00:24,400 Speaker 1: you have your what do you have your eye on? 7 00:00:25,040 --> 00:00:28,000 Speaker 3: We're talking about beef and chicken size. Some Foods said 8 00:00:28,040 --> 00:00:30,560 Speaker 3: it's expect results for next year to be little change. 9 00:00:30,680 --> 00:00:33,400 Speaker 3: It's all about the pressures from the beef segment, but 10 00:00:33,520 --> 00:00:37,720 Speaker 3: still are seeing a pretty positive reaction. It's up three percent. 11 00:00:37,800 --> 00:00:41,120 Speaker 3: Ticker is TS and it's based on chicken. 12 00:00:41,200 --> 00:00:41,400 Speaker 4: Hier. 13 00:00:41,440 --> 00:00:45,559 Speaker 3: Demand for chicken has been boosting the company. It's the 14 00:00:45,600 --> 00:00:48,879 Speaker 3: second largest source of revenue and we've seen that in 15 00:00:48,920 --> 00:00:51,839 Speaker 3: a few quarters in a row, and this happened in 16 00:00:51,880 --> 00:00:55,040 Speaker 3: the fourth quarter as well. It has offset the losses 17 00:00:56,080 --> 00:00:58,440 Speaker 3: from the beef part of the business. The company also 18 00:00:58,520 --> 00:01:02,040 Speaker 3: forecasts total sales growth of about two to four percent, 19 00:01:02,480 --> 00:01:06,920 Speaker 3: and that implies revenue that is that is stopping analysts expectations. 20 00:01:07,560 --> 00:01:10,000 Speaker 3: The beef, as we were talking about, is about four 21 00:01:10,200 --> 00:01:13,800 Speaker 3: hundred million to six hundred million next year, which is 22 00:01:14,200 --> 00:01:16,440 Speaker 3: not far from what they had this year. Of course, 23 00:01:16,480 --> 00:01:19,400 Speaker 3: at the same time, we have the President talking about 24 00:01:19,440 --> 00:01:23,560 Speaker 3: consumer beef prices jumping to record highs, launching an investigation. 25 00:01:24,080 --> 00:01:26,520 Speaker 3: But clearly this is not trickling down. At least two 26 00:01:26,600 --> 00:01:29,680 Speaker 3: ties some foods, and we see different estimates that actually 27 00:01:29,680 --> 00:01:33,480 Speaker 3: a lot of those producers have been losing money. Analysts 28 00:01:33,520 --> 00:01:36,560 Speaker 3: and investor have been watching for sign for consumer appetite 29 00:01:36,600 --> 00:01:39,600 Speaker 3: for chicken to peak. That's one meat that obviously prices 30 00:01:39,600 --> 00:01:42,199 Speaker 3: have been falling. We had another crisis, but now prices 31 00:01:42,200 --> 00:01:45,200 Speaker 3: have been falling and it's definitely helping the company. But 32 00:01:45,319 --> 00:01:48,640 Speaker 3: if this is the peak of demand, perhaps we're going 33 00:01:48,720 --> 00:01:51,560 Speaker 3: to see the beef losses starting to weigh more heavily. 34 00:01:51,880 --> 00:01:55,080 Speaker 4: Now I did some more research on the whole beef thing. Correctly, 35 00:01:55,200 --> 00:01:58,840 Speaker 4: they are restocking the herd, but we won't really see 36 00:01:58,880 --> 00:02:02,200 Speaker 4: it until maybe take a year, yeah, twenty twenty eight. 37 00:02:02,280 --> 00:02:05,400 Speaker 4: So my old strategy just make more chickens. That's easy 38 00:02:05,440 --> 00:02:07,520 Speaker 4: to do. Yeah, making more cows is harder. 39 00:02:07,680 --> 00:02:09,639 Speaker 5: Can you convince more people to eat chicken? 40 00:02:09,639 --> 00:02:09,839 Speaker 1: Though? 41 00:02:11,160 --> 00:02:12,119 Speaker 3: Good question, good quest. 42 00:02:12,360 --> 00:02:14,920 Speaker 4: I Probably my chicken and beef issue I'm gonna say 43 00:02:15,000 --> 00:02:16,399 Speaker 4: is five to one. If not ten to one. 44 00:02:16,680 --> 00:02:18,639 Speaker 5: What was it like ten fifteen years ago? 45 00:02:18,880 --> 00:02:22,360 Speaker 4: Kind of the same. Yeah, but I don't know. 46 00:02:22,400 --> 00:02:25,160 Speaker 3: If it's all those chains. People are eating more chicken. 47 00:02:25,200 --> 00:02:26,560 Speaker 3: It's becoming a bigger thing. 48 00:02:26,639 --> 00:02:28,880 Speaker 4: Yep, yeah it was probably I'm eating more chicken now 49 00:02:28,919 --> 00:02:32,440 Speaker 4: than you, I guess back in the day. Better for you, 50 00:02:32,560 --> 00:02:32,880 Speaker 4: I don't know. 51 00:02:34,160 --> 00:02:37,560 Speaker 5: I mean here, all right, very good vegetarian, remember beyond me? 52 00:02:37,680 --> 00:02:40,560 Speaker 4: Yeah, thank you, no, thank you? What else you have 53 00:02:40,639 --> 00:02:41,040 Speaker 4: for us? 54 00:02:41,720 --> 00:02:46,320 Speaker 3: We have elf Beauty. It had really tough Thursday at 55 00:02:46,400 --> 00:02:49,360 Speaker 3: Tembo thirty five percent after the earnings. They were seeing 56 00:02:49,360 --> 00:02:52,400 Speaker 3: a reversal here shares roles as much as ten percent. 57 00:02:52,440 --> 00:02:56,040 Speaker 3: The company announced expansion in Utu Beauty in Mexico. The 58 00:02:56,120 --> 00:03:01,079 Speaker 3: home company has been growing through all those chains, Beauty, Sephora. 59 00:03:01,120 --> 00:03:04,520 Speaker 3: There was, of course, a lot of excitement ticker is 60 00:03:04,560 --> 00:03:05,280 Speaker 3: e LF. 61 00:03:05,320 --> 00:03:06,280 Speaker 5: There was a lot of. 62 00:03:06,200 --> 00:03:10,360 Speaker 3: Excitement for the acquisition of Haley Baber's brand, and that 63 00:03:10,480 --> 00:03:14,040 Speaker 3: was kind of a whole new identity. Always were so excited. 64 00:03:14,120 --> 00:03:16,360 Speaker 3: There were there was like a few weeks of really 65 00:03:17,520 --> 00:03:20,480 Speaker 3: big rally. But now what we saw after earnings was 66 00:03:20,480 --> 00:03:23,000 Speaker 3: a pretty big disappointment. The company is down thirty seven 67 00:03:23,240 --> 00:03:26,400 Speaker 3: percent year today, it has been growing internationally and in 68 00:03:26,440 --> 00:03:29,720 Speaker 3: the US, so perhaps this expansion in Mexico is one 69 00:03:29,760 --> 00:03:34,240 Speaker 3: reason investors are really excited. But after this earning support, 70 00:03:34,320 --> 00:03:37,600 Speaker 3: it's really hard to get back to even where they 71 00:03:37,600 --> 00:03:38,160 Speaker 3: were before. 72 00:03:38,680 --> 00:03:41,120 Speaker 4: Before that. Well, Alex Steele explained to me, you had 73 00:03:41,160 --> 00:03:44,000 Speaker 4: to invest in your face always there you go always. 74 00:03:44,040 --> 00:03:46,960 Speaker 1: All right, let's talk about Monday dot com, which is 75 00:03:47,000 --> 00:03:48,040 Speaker 1: declining quite a bit. 76 00:03:48,480 --> 00:03:52,800 Speaker 3: Monday dot Com. Yeah, it's long about twenty percent lows 77 00:03:52,880 --> 00:03:56,600 Speaker 3: since November twenty twenty three. The tickeries M and D Y. 78 00:03:57,600 --> 00:04:00,040 Speaker 3: Of course, this is one of the pandemic favorites that 79 00:04:00,080 --> 00:04:03,520 Speaker 3: has been hit pretty hard. Now they've been trying to 80 00:04:03,520 --> 00:04:06,480 Speaker 3: promote all those AI twos to kind of beep off 81 00:04:07,040 --> 00:04:11,320 Speaker 3: their proposal. But the company posted still better than expected 82 00:04:11,480 --> 00:04:14,960 Speaker 3: third quarter earnings. The number that is worrying investors is 83 00:04:15,000 --> 00:04:18,240 Speaker 3: their revenue forecast, which is about three hundred and thirty million. 84 00:04:18,480 --> 00:04:21,600 Speaker 3: This is lower than what the street was expected. And 85 00:04:21,680 --> 00:04:25,240 Speaker 3: we're seeing that investors have really been punishing this company 86 00:04:25,480 --> 00:04:27,960 Speaker 3: any every time when the outlook has been lessed than 87 00:04:28,000 --> 00:04:32,000 Speaker 3: what investors expect. This is what happened in August, and yeah, 88 00:04:32,040 --> 00:04:35,240 Speaker 3: clearly a pandemic favorite is down thirty three percent. Here 89 00:04:35,279 --> 00:04:36,599 Speaker 3: today really big hit. 90 00:04:38,080 --> 00:04:42,120 Speaker 2: The stock mover's report from Bloomberg Radio. Check back with 91 00:04:42,200 --> 00:04:44,799 Speaker 2: us throughout the day for the latest roundup of companies 92 00:04:44,839 --> 00:04:47,920 Speaker 2: making news on Wall Street and for the latest market 93 00:04:47,960 --> 00:04:52,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 94 00:04:52,520 --> 00:04:56,039 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 95 00:04:56,080 --> 00:04:57,599 Speaker 2: the Bloomberg Business app.