Speaker 1: Hi, I'm Doug Krisner introducing you to the new Stockmovers
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Speaker 1: of the latest episode from our team at Bloomberg.
Speaker 2: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 3: The Stock Movers podcast your roundup of companies making moves
Speaker 3: in the stock market. Harnessing the power of Bloomberg data.
Speaker 3: Let's take a look at some stocks on the move
Speaker 3: this week. Here in the studio with us is Bloomberg
Speaker 3: News Aquities reporter Alexandra Semenova. Hey, I think we can
Speaker 3: transition right to another airline at the top of air list.
Speaker 4: Alex Yeah, I'm taking a look at American Airlines today
Speaker 4: with the Drewidz full Yer earnings outlook, A lot of
Speaker 4: companies have been doing that. It's also joining some of
Speaker 4: its peers in doing that. We saw that from Delta Airlines,
Speaker 4: the owner of Frontier. Obviously, as there's so much uncertainty
Speaker 4: about the outlook for consumers, there's seems to be a
Speaker 4: pull back in travel demand obviously as tariffs wound the
Speaker 4: economic outlook.
Speaker 5: What's interesting though, is Americans up we've had bad news
Speaker 5: on the airlines over the last month or so, and
Speaker 5: saying a lot of it's maybe priced in already and
Speaker 5: that people are traveling.
Speaker 2: Yeah, I don't know if you have anything booked for
Speaker 2: the summer, Alex, but post pandemic people are just waiting
Speaker 2: longer and longer to book their flights. I don't know
Speaker 2: what that has to do with I think also it.
Speaker 5: Has to do it gay more like right, like if
Speaker 5: you well.
Speaker 2: More, if you get closer to the date. But I
Speaker 2: think the flexibility now is helpful, Like you can there's
Speaker 2: so many tickets you can buy where it's just like,
Speaker 2: oh you can change that for no fee. That was
Speaker 2: new during the pandemic.
Speaker 5: Yeah, that is and that's their And.
Speaker 4: I think also after the pandemic there's just this hunch
Speaker 4: to try and book trips as often as possible that
Speaker 4: it's just not going away. I don't know about you guys,
Speaker 4: but definitely take.
Speaker 5: Me somewhere exactly what else you got for us?
Speaker 4: So I'm also looking at comcasts. They reported a pretty
Speaker 4: big loss in customers. They lost one hundred and ninety
Speaker 4: nine thousand domestic broadband customers and four hundred and twenty
Speaker 4: seven thousand PAYTB customers in the fourth quarter first quarter. Rather,
Speaker 4: those losses were both more than Wall Street US expected.
Speaker 4: Pretty bad earnings right out here. The company's earnings actually
Speaker 4: rose to one point nine to share that beat estimates,
Speaker 4: and their revenue fell slightly to twenty nine point nine
Speaker 4: billion dollars. But it was really again that customer metric
Speaker 4: that everyone was watching, and shares are falling today.
Speaker 5: Yeah, that's kind of Stuck's done about eleven percent also
Speaker 5: year to date. IBM, it's a name that we were
Speaker 5: breaking down the earnings after the close yesterday.
Speaker 2: I was having a good year up until yesterday's report,
Speaker 2: basically exactly.
Speaker 4: It just basically the takeaway from this report was that
Speaker 4: it wasn't good enough for investors. It wasn't necessarily bad,
Speaker 4: It's just that the bar is so high for this company.
Speaker 4: So the stock actually fell the most in a year today,
Speaker 4: suggesting economic uncertainty. Expectations that the cut and costs to
Speaker 4: government spending might affect the business of First quarter sales
Speaker 4: increased almost one percent of fourteen point five billion dollars
Speaker 4: and profit was one sixty ashore. Again, the numbers aren't bad,
Speaker 4: just clearly disappointing investors. Not enough assurance that the business
Speaker 4: will be good.
Speaker 2: Yeah, I mean we spoke to Brent dell over at
Speaker 2: Jeffrey's yesterday who said that Arvin Krishnan is doing a
Speaker 2: great job of transitioning this company away from hardware, actually
Speaker 2: away from consulting, which it's been known for for years,
Speaker 2: and really focusing on moving to the AI and services
Speaker 2: and that's just.
Speaker 5: Much more I think profitable. Yeah, certainly for the company.
Speaker 2: Right, there's a lot of competition.
Speaker 4: Yeah, competition and also the CEO today saying in the
Speaker 4: near term, uncertainty may cause clients to pause. That keyword
Speaker 4: uncertainty has been just coming across We just allowed.
Speaker 5: Is anybody allowed to use the bird uncertainty at this point?
Speaker 2: I mean, everybody's using the words.
Speaker 4: It's keyword in the dictionary.
Speaker 5: It does seem like the only word in the dictionary.
Speaker 1: Certainly.
Speaker 5: I know we've been tracking like how many times, like
Speaker 5: CEOs are saying it on Earning's color. I think we
Speaker 5: did last time around.
Speaker 4: Yeah, we're keeping eye on that.
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