1
00:00:02,520 --> 00:00:08,800
Speaker 1: Bloomberg Audio Studios, podcasts, Radio News, The.

2
00:00:08,880 --> 00:00:13,160
Speaker 2: Stock Movers podcast, your roundup of companies making moves in

3
00:00:13,200 --> 00:00:17,160
Speaker 2: the stock market, harnessing the power of Bloomberg Data.

4
00:00:18,200 --> 00:00:20,560
Speaker 1: I'm Carol Masser, a long term stat of it. Let's

5
00:00:20,680 --> 00:00:22,040
Speaker 1: take a look at some stocks on the move with

6
00:00:22,079 --> 00:00:24,520
Speaker 1: Bloomberg News process at reporter Denita Sikova.

7
00:00:24,600 --> 00:00:27,080
Speaker 3: She is in the house. Got to say, we talked

8
00:00:27,080 --> 00:00:29,040
Speaker 3: about airlines a lot today and rightfully so.

9
00:00:29,640 --> 00:00:32,519
Speaker 4: Yeah, it's not only airlines, it's all travel stocks up.

10
00:00:32,600 --> 00:00:35,240
Speaker 4: Of course, we've talked about Delta a lot of the tickers.

11
00:00:35,520 --> 00:00:39,360
Speaker 4: Dal It closed twelve percent higher on the day as

12
00:00:39,479 --> 00:00:43,520
Speaker 4: vacationers started coming back, injecting a fresh sense of confidence

13
00:00:43,520 --> 00:00:46,800
Speaker 4: in the industry. But actually the biggest gainer today among

14
00:00:46,840 --> 00:00:50,879
Speaker 4: the airlines was United An American. They gained fourteen and

15
00:00:50,960 --> 00:00:53,880
Speaker 4: thirteen percent. There is a lot of optimism darning seasons

16
00:00:54,000 --> 00:00:57,720
Speaker 4: starting there. Obviously a lot of airlines put their outlook

17
00:00:58,120 --> 00:01:01,680
Speaker 4: now clearly things look much much better. We're seeing that confidence.

18
00:01:01,720 --> 00:01:05,039
Speaker 4: So that report is saying much more than just the

19
00:01:05,120 --> 00:01:07,880
Speaker 4: airlines say doing well. We saw a lot of people

20
00:01:07,959 --> 00:01:11,200
Speaker 4: making connections on how this is affecting the consumer and

21
00:01:11,240 --> 00:01:14,600
Speaker 4: consumer confidence but what we saw in that report was

22
00:01:15,240 --> 00:01:18,680
Speaker 4: corporate travel is strengthening. Consumers have become a little known

23
00:01:18,840 --> 00:01:22,000
Speaker 4: to the ongoing tradit disputes, which is very much welcome.

24
00:01:22,200 --> 00:01:25,199
Speaker 4: And obviously that was the first major airline to put

25
00:01:25,200 --> 00:01:27,800
Speaker 4: its outlook and now it's kind of the first that's

26
00:01:28,080 --> 00:01:31,840
Speaker 4: coming back stronger. Delta is still down six percent here today,

27
00:01:31,959 --> 00:01:36,600
Speaker 4: Despine the jump today, but clearly the biggest fears seem

28
00:01:36,640 --> 00:01:38,560
Speaker 4: to be fading and there is a lot of optimism

29
00:01:38,600 --> 00:01:39,720
Speaker 4: today for the whole industry.

30
00:01:39,840 --> 00:01:45,000
Speaker 3: We talked to Jeffries Sheila Kayalu earlier and she talked

31
00:01:45,000 --> 00:01:47,560
Speaker 3: about all the airline industry, and I felt like she

32
00:01:48,080 --> 00:01:50,280
Speaker 3: was a little bit more subdued, right what we got

33
00:01:50,320 --> 00:01:53,480
Speaker 3: from Delta and that whether that it didn't necessarily justify

34
00:01:53,520 --> 00:01:56,000
Speaker 3: the jump that we saw in these share prices and

35
00:01:56,040 --> 00:01:57,000
Speaker 3: everything jumping.

36
00:01:57,120 --> 00:02:02,040
Speaker 5: Yeah, I mean ed Bastian, the companies CEO, underscored this

37
00:02:02,160 --> 00:02:04,200
Speaker 5: on the analyst call. He said the carrier was struggling

38
00:02:04,240 --> 00:02:06,840
Speaker 5: to fill seats in the main economy cabin, particular during

39
00:02:06,920 --> 00:02:09,560
Speaker 5: off peak periods. So yeah, the front of the plane

40
00:02:09,600 --> 00:02:12,280
Speaker 5: is doing well, the loyalty program is strong, the highly

41
00:02:12,320 --> 00:02:16,760
Speaker 5: profitable business class business travels trending higher and strengthening, as

42
00:02:16,800 --> 00:02:20,360
Speaker 5: you said, but it's sort of bifurcated.

43
00:02:20,480 --> 00:02:24,120
Speaker 4: The Delta one stors loved buying the dip. The stoke

44
00:02:24,240 --> 00:02:26,120
Speaker 4: was down a lobe. That makes sense. I don't know

45
00:02:26,120 --> 00:02:29,079
Speaker 4: if twelve percent makes sense, but buying the diep has.

46
00:02:29,000 --> 00:02:33,799
Speaker 1: Worked the Delta one lounge. Hey, yeah, you're just ignoring me. No,

47
00:02:34,040 --> 00:02:39,120
Speaker 1: I actually have a good segue. Oh, CrowdStrike from Delta

48
00:02:39,160 --> 00:02:43,000
Speaker 1: to CrowdStrike, because this was a company that last year

49
00:02:44,280 --> 00:02:48,520
Speaker 1: had a performance issue that very much affected Delta. Well done,

50
00:02:48,560 --> 00:02:50,800
Speaker 1: well done, thank you, Full Circle.

51
00:02:50,600 --> 00:02:53,279
Speaker 5: Full Circle, CRWD Crowdstrikes.

52
00:02:53,440 --> 00:02:57,920
Speaker 4: CRWD is actually closed down today five percent. Lore It

53
00:02:58,000 --> 00:03:01,240
Speaker 4: comes after a few downgrade The first one was today.

54
00:03:01,360 --> 00:03:05,160
Speaker 4: See if are A downgraded the security software company to hold.

55
00:03:05,960 --> 00:03:08,640
Speaker 4: They say the company remains one of our topics in

56
00:03:08,680 --> 00:03:12,239
Speaker 4: the cybersecurity space, but pretty much it has become too expensive.

57
00:03:12,680 --> 00:03:15,639
Speaker 4: The stock rolls about sixty percent in the past three months,

58
00:03:15,960 --> 00:03:19,160
Speaker 4: so it makes sense. It's been part of that big

59
00:03:20,200 --> 00:03:22,239
Speaker 4: relief rally we have seen post.

60
00:03:22,120 --> 00:03:23,600
Speaker 1: Thirty two year today.

61
00:03:23,720 --> 00:03:24,480
Speaker 4: It's incredible.

62
00:03:24,560 --> 00:03:25,600
Speaker 1: It's quite a bounce.

63
00:03:25,720 --> 00:03:27,840
Speaker 4: We were just talking about Delta being down six percent,

64
00:03:27,919 --> 00:03:30,679
Speaker 4: so in the grand scheme of things. It's really impressive.

65
00:03:30,680 --> 00:03:36,280
Speaker 4: We also have Pipercentler downgrading CrowdStrike too neutral, very similar reasons.

66
00:03:36,360 --> 00:03:39,080
Speaker 4: It's just too expensive. The shares are nearing the price

67
00:03:39,160 --> 00:03:41,840
Speaker 4: like their head. They don't see a near term scenario

68
00:03:41,880 --> 00:03:45,400
Speaker 4: that meaningfully increase estimates, so kind of the opposite of delta.

69
00:03:45,720 --> 00:03:50,280
Speaker 4: It's sky high valuations. Investors are not so excited about it.

70
00:03:50,400 --> 00:03:54,880
Speaker 1: Poor sales on the stock. Yeah, for cells, I should

71
00:03:54,880 --> 00:03:57,720
Speaker 1: find it interesting. Do you have another call?

72
00:03:57,800 --> 00:04:00,400
Speaker 5: I was just thinking about I was thinking about French fries.

73
00:04:01,160 --> 00:04:11,080
Speaker 4: Your Fresh Fries is famous for French fries, so as McDonald's.

74
00:04:09,040 --> 00:04:10,160
Speaker 2: Mcd is the ticker.

75
00:04:11,000 --> 00:04:16,279
Speaker 4: Yeah, McDonald's close supercent higher today it's off. Goldman notes,

76
00:04:17,040 --> 00:04:21,440
Speaker 4: saying upgrading the burger chain to buy from neutral. She

77
00:04:21,600 --> 00:04:25,080
Speaker 4: downrated cheesecake factory at the same time, so you know

78
00:04:25,120 --> 00:04:28,800
Speaker 4: there is arbitrage trade there as expected by investors here,

79
00:04:28,839 --> 00:04:33,120
Speaker 4: today's sales performance for fast food operator has been under pressure.

80
00:04:33,680 --> 00:04:36,640
Speaker 4: I mean, obviously low income consumers have been suffering, but

81
00:04:37,640 --> 00:04:42,080
Speaker 4: we're seeing some potential in McDonald's. McDonald's recently introduced daily

82
00:04:42,200 --> 00:04:46,039
Speaker 4: double burger and the return of its snacksrap. So that's

83
00:04:46,080 --> 00:04:50,640
Speaker 4: one reason Goldman is quite bullish on the chain. They're

84
00:04:50,800 --> 00:04:55,080
Speaker 4: they're optimistic about traffic. McDonald's has managed to grow sales

85
00:04:55,160 --> 00:04:58,520
Speaker 4: while many of its peers have slow over flown into

86
00:04:58,600 --> 00:05:02,800
Speaker 4: negative territory. In recent mo they are mentioning the success

87
00:05:03,120 --> 00:05:06,279
Speaker 4: of its new mag value platform, and they actually have

88
00:05:06,440 --> 00:05:09,240
Speaker 4: a pretty high price target. The price there is three

89
00:05:09,320 --> 00:05:12,240
Speaker 4: hundred and forty five, which is like double digit percent

90
00:05:12,400 --> 00:05:16,359
Speaker 4: upside from here, which is pretty impressive. Not optimistic about cheesecake,

91
00:05:17,320 --> 00:05:19,159
Speaker 4: but mcnollan's a lot aboutimism there.

92
00:05:20,200 --> 00:05:24,320
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

93
00:05:24,440 --> 00:05:27,160
Speaker 2: us throughout the day for the latest roundup of companies

94
00:05:27,240 --> 00:05:30,280
Speaker 2: making news on Wall Street and for the latest market

95
00:05:30,320 --> 00:05:34,680
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

96
00:05:34,720 --> 00:05:37,960
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

97
00:05:38,040 --> 00:05:39,479
Speaker 2: the Bloomberg Business app.