Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Emily Graffeo. Starting us
Speaker 3: off with one of the biggest gainers in the pre market.
Speaker 3: That would be door Dash. Good morning, Emily.
Speaker 1: Good morning, Nathan. That's right, I'm watching shares of DoorDash,
Speaker 1: the ticker da sh. It's up about ten percent in
Speaker 1: the pre market right now. The delivery firm gave a
Speaker 1: second quarter order forecast that beat estimates in their earning
Speaker 1: support just last night. Order value will be about thirty
Speaker 1: two point four billion to thirty three point four billion.
Speaker 1: The estimates were at the bottom end of that range,
Speaker 1: actually quite just a bit, a little bit below the
Speaker 1: bottom end of that range. They said that more US
Speaker 1: customers are ordering takeout, more new US consumers. I don't
Speaker 1: know what the macro signal of that is, Nathan, that
Speaker 1: more people are ordering takeout, but it could be a
Speaker 1: good sign. Door Dash is kind of expensive, and they
Speaker 1: also saw an increase in order rates by their more
Speaker 1: mature customers. So those repeat customers just one thing to
Speaker 1: do here on DoorDash as well. Stock is up today,
Speaker 1: but it was on its longest losing streak since September
Speaker 1: twenty twenty two. Before this earning support, it was down
Speaker 1: almost twenty seven percent this year.
Speaker 3: Yeah, I guess we could really think about the tradeoff
Speaker 3: between leaving the house and dealing with hot gas prices
Speaker 3: and dealing with the high prices of getting it delivered.
Speaker 3: That all FeAs together at any rate. We got to
Speaker 3: talk about the flip side here. We got earnings from
Speaker 3: arm Holdings, and I thought chip stocks were supposed to
Speaker 3: be doing well this quarter, Emily.
Speaker 1: I know the semiconductor index has been on a tear,
Speaker 1: but Armholdings eight rs of that company down about seven
Speaker 1: percent right now. This is a chip company, like you said,
Speaker 1: They reported week fourth quarter royalty revenue, and some analysts
Speaker 1: are noting here that it was from sluggishness in a
Speaker 1: smartphone industry. Of course, we know that the chips go
Speaker 1: into smartphones and power phones like the iPhone. One. Analyst
Speaker 1: said that there was weaker demand for lower end phones
Speaker 1: due to a higher memory cost, and so that could
Speaker 1: be weighing on that company right now.
Speaker 3: Okay, and we're also keeping an eye on Whirlpool after
Speaker 3: their earnings as well.
Speaker 1: Yeah, I have kind of a food theme this morning.
Speaker 1: Whirlpool ticker WHR. They make home appliances, including the kitchen
Speaker 1: Aid stand mixer, they make the refrigerators, but down about
Speaker 1: seventeen percent in the pre market. They cut their revenue
Speaker 1: forecast for the full year, missing the average analyst estimate.
Speaker 1: First quarter net sales also missed, so again it could
Speaker 1: be a signal that, yeah, people are maybe just keeping
Speaker 1: the home appliances that they already own, not looking to
Speaker 1: buy anything.
Speaker 2: All right.
Speaker 3: Well, if you're if you're not using your Kitchen Aid
Speaker 3: stand mixer, maybe you're heading over to Krispy Kreme. We
Speaker 3: got their earnings this morning as well.
Speaker 2: How'd they do?
Speaker 1: That? Was a flawless segue. Krispy Kreme Earnie's broadly in
Speaker 1: line with estimates. They did say that they expect to
Speaker 1: cut debt this year while also generating positive cash flow,
Speaker 1: which is always a good sign, and that they're going
Speaker 1: to be opening about one hundred new shops this year.
Speaker 1: So that's stock a ticker dnut up about one percent
Speaker 1: in the pre market Krispy vernon.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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