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Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of the stocks on

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Speaker 3: the move today. Emily Grafeo joins US out of San Francisco.

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Speaker 2: Emily, what do you got?

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Speaker 1: All right?

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Speaker 4: Well, there's not a lot of movement on the index level,

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Speaker 4: but under the hood there is a lot moving. A

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Speaker 4: firm Holdings is down thirteen percent. They had earnings today.

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Speaker 4: Remember this is the buy now, pay later company. The

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Speaker 4: earnings were actually pretty positive, but analysts had noted that

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Speaker 4: the expectations were really high heading in and that the

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Speaker 4: guidance might be conservative. So they now see their year

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Speaker 4: forecast revenue three point one six billion to three point

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Speaker 4: one nine billion. That was actually higher than what they

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Speaker 4: had seen previously. But we saw some movement here on

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Speaker 4: the street. You do cut their price target on the

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Speaker 4: Stock Bank of America raised, and then the CEO told

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Speaker 4: Bloomberg TV today that they're still seeing people spending. Consumers

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Speaker 4: are spending a mixed bag with these earnings.

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Speaker 1: But when you look at the movement in.

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Speaker 4: The stock price today, it's very clear that it is

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Speaker 4: moving lower down again like thirteen percent right now.

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Speaker 1: While talking of.

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Speaker 5: Spending, I'm also thinking about the consumer travel demand all

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Speaker 5: of that. You're also looking at Expedia, what's happening there.

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Speaker 4: That's right, So they're down twelve percent. It was the

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Speaker 4: biggest inter day drop in a year. This is a

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Speaker 4: very similar story with Expedia that we've seen with Airbnb

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Speaker 4: with bookings with a lot of those travel related companies

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Speaker 4: this earning season that they're pulling back their guidance for

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Speaker 4: what's going to come ahead given macro uncertainty. If you

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Speaker 4: look at their actual results for Expedia, they cut their

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Speaker 4: gross bookings growth forecast for twenty twenty five, so they

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Speaker 4: now see gross bookings growth up two percent to four percent.

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Speaker 4: They had previously seen up four to six sent. The

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Speaker 4: revenue also missed, and you know, JP Morgan said that

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Speaker 4: their higher exposure to the US is not ideal given

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Speaker 4: the current backdrop, so hire versus some of those competitors,

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Speaker 4: and then of course given that there's heightened macro uncertainty

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Speaker 4: in the US maybe versus some of those international markets.

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Speaker 5: Are you an Expedia user or is there a specific

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Speaker 5: age demographic that uses it.

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Speaker 1: I don't know what the specific age demographic is. I

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Speaker 1: don't use it.

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Speaker 4: I always think it's better to book the hotel directly

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Speaker 4: through the hotel website.

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Speaker 1: But I don't know. I'm personally not an Expedia user.

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Speaker 4: But they clearly do have enough people that they are

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Speaker 4: a publicly traded company with the stock price on the move.

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Speaker 3: It's funny. I'm fifty one years old, right, My wife

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Speaker 3: is thirty three, So I go straight to Expedia and

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Speaker 3: then she yells at me.

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Speaker 1: As your timeout, it's your debt.

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Speaker 3: It's because of my age, right. I think the old

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Speaker 3: people use Expedia. I don't want to call you people.

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Speaker 3: Young people say that that's.

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Speaker 1: Not the right way to do it. I mean, I

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Speaker 1: was going to say.

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Speaker 5: The people I was thinking of is you know fit

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Speaker 5: these sixties they love Expedia.

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Speaker 2: And the kids.

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Speaker 3: What do you use like Kayak Travel, Worm, Hopper, even Hopper, Yeah,

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Speaker 3: i'd say so, Airbnb, all the others.

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Speaker 1: You've also got eyes on Tesla. What's going on there?

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Speaker 3: Tesla is almost a trillion dollar company again.

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Speaker 4: Yeah, it's up like five percent right now. It's leading

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Speaker 4: the mag seven names. It's you know, outperforming the Nazaq

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Speaker 4: one hundred on a day when again indexes are flat.

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Speaker 4: I don't know if there's any fundamental news to this

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Speaker 4: upward move today in Tesla. I did ask a couple traders.

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Speaker 4: One person pointed out, maybe there's some short covering going

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Speaker 4: on here, traders who were short the stock preparing for

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Speaker 4: potentially what could be good news between those US China

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Speaker 4: trade talks this weekend. They don't want to be short

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Speaker 4: Tesla going into that in case something good does happen

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Speaker 4: that's pushing up the stock.

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Speaker 1: And then there also could be some technical movement here.

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Speaker 4: Tesla did breach above its two hundred day moving average

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Speaker 4: bridge for the first time since March, so oftentimes traders

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Speaker 4: see that as a positive technical signal and that the

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Speaker 4: stock can continue to move higher after it breaches that

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Speaker 4: upward level.

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Speaker 3: By the way, do the kids still want a Tesla? Emily?

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Speaker 3: Do you know, do your classmates do you want a Tesla?

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Speaker 1: Yeah?

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Speaker 4: I mean, you know, I do live in New York City,

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Speaker 4: so people don't really think about buying cars.

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Speaker 1: Unfortunately, you're from the car.

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Speaker 3: And like, you know, the people that you went to

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Speaker 3: school with, the cool people, do they do they want

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Speaker 3: a Tesla?

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Speaker 4: Now?

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Speaker 1: I would say that you know, buy and large.

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Speaker 4: There's been a reputational hit like if you buy a Tesla,

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Speaker 4: like you're buying into that you're still an Elon Musk fan.

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Speaker 1: So depending on your opinions on Musk.

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Speaker 4: But I think that's what the street thinks too, that

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Speaker 4: like this stock is still very much tied to the

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Speaker 4: whims of Elon Musk.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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