WEBVTT - DoorDash Rallies; Arm and Whirlpool Dip

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

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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

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

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Emily Graffeo. Starting us

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<v Speaker 3>off with one of the biggest gainers in the pre market.

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<v Speaker 3>That would be door Dash. Good morning, Emily.

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<v Speaker 1>Good morning, Nathan. That's right, I'm watching shares of DoorDash,

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<v Speaker 1>the ticker da sh. It's up about ten percent in

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<v Speaker 1>the pre market right now. The delivery firm gave a

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<v Speaker 1>second quarter order forecast that beat estimates in their earning

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<v Speaker 1>support just last night. Order value will be about thirty

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<v Speaker 1>two point four billion to thirty three point four billion.

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<v Speaker 1>The estimates were at the bottom end of that range,

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<v Speaker 1>actually quite just a bit, a little bit below the

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<v Speaker 1>bottom end of that range. They said that more US

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<v Speaker 1>customers are ordering takeout, more new US consumers. I don't

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<v Speaker 1>know what the macro signal of that is, Nathan, that

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<v Speaker 1>more people are ordering takeout, but it could be a

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<v Speaker 1>good sign. Door Dash is kind of expensive, and they

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<v Speaker 1>also saw an increase in order rates by their more

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<v Speaker 1>mature customers. So those repeat customers just one thing to

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<v Speaker 1>do here on DoorDash as well. Stock is up today,

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<v Speaker 1>but it was on its longest losing streak since September

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<v Speaker 1>twenty twenty two. Before this earning support, it was down

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<v Speaker 1>almost twenty seven percent this year.

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<v Speaker 3>Yeah, I guess we could really think about the tradeoff

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<v Speaker 3>between leaving the house and dealing with hot gas prices

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<v Speaker 3>and dealing with the high prices of getting it delivered.

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<v Speaker 3>That all FeAs together at any rate. We got to

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<v Speaker 3>talk about the flip side here. We got earnings from

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<v Speaker 3>arm Holdings, and I thought chip stocks were supposed to

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<v Speaker 3>be doing well this quarter, Emily.

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<v Speaker 1>I know the semiconductor index has been on a tear,

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<v Speaker 1>but Armholdings eight rs of that company down about seven

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<v Speaker 1>percent right now. This is a chip company, like you said,

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<v Speaker 1>They reported week fourth quarter royalty revenue, and some analysts

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<v Speaker 1>are noting here that it was from sluggishness in a

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<v Speaker 1>smartphone industry. Of course, we know that the chips go

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<v Speaker 1>into smartphones and power phones like the iPhone. One. Analyst

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<v Speaker 1>said that there was weaker demand for lower end phones

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<v Speaker 1>due to a higher memory cost, and so that could

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<v Speaker 1>be weighing on that company right now.

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<v Speaker 3>Okay, and we're also keeping an eye on Whirlpool after

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<v Speaker 3>their earnings as well.

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<v Speaker 1>Yeah, I have kind of a food theme this morning.

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<v Speaker 1>Whirlpool ticker WHR. They make home appliances, including the kitchen

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<v Speaker 1>Aid stand mixer, they make the refrigerators, but down about

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<v Speaker 1>seventeen percent in the pre market. They cut their revenue

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<v Speaker 1>forecast for the full year, missing the average analyst estimate.

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<v Speaker 1>First quarter net sales also missed, so again it could

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<v Speaker 1>be a signal that, yeah, people are maybe just keeping

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<v Speaker 1>the home appliances that they already own, not looking to

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<v Speaker 1>buy anything.

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<v Speaker 2>All right.

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<v Speaker 3>Well, if you're if you're not using your Kitchen Aid

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<v Speaker 3>stand mixer, maybe you're heading over to Krispy Kreme. We

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<v Speaker 3>got their earnings this morning as well.

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<v Speaker 2>How'd they do?

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<v Speaker 1>That? Was a flawless segue. Krispy Kreme Earnie's broadly in

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<v Speaker 1>line with estimates. They did say that they expect to

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<v Speaker 1>cut debt this year while also generating positive cash flow,

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<v Speaker 1>which is always a good sign, and that they're going

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<v Speaker 1>to be opening about one hundred new shops this year.

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<v Speaker 1>So that's stock a ticker dnut up about one percent

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<v Speaker 1>in the pre market Krispy vernon.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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