1 00:00:02,520 --> 00:00:09,040 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 --> 00:00:17,439 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,600 --> 00:00:18,599 Speaker 3: I want to take a look at some of the 5 00:00:18,600 --> 00:00:20,640 Speaker 3: stocks on the move today Alex See alongside Paul Sweeney. 6 00:00:20,680 --> 00:00:22,799 Speaker 3: We're joined in by Bloomberg's Isabelle Lee. Let's give me 7 00:00:22,800 --> 00:00:25,160 Speaker 3: the latest here on Bumble. What's going on here? 8 00:00:25,360 --> 00:00:28,800 Speaker 1: So Bumble shares are lower by almost eight percent. They 9 00:00:28,840 --> 00:00:32,360 Speaker 1: fell after JP Morgan downgraded the stock to underrate from neutral. 10 00:00:32,640 --> 00:00:35,480 Speaker 1: We have analysts Corey Carpenter saying that you know, yes, 11 00:00:35,520 --> 00:00:38,120 Speaker 1: the shares may have rallied over fifty percent since President 12 00:00:38,120 --> 00:00:41,519 Speaker 1: Donald Trump's Liberation Day, but still he's just struggling to 13 00:00:41,600 --> 00:00:45,280 Speaker 1: justify raising the price target given expectation for revenue and 14 00:00:45,360 --> 00:00:48,519 Speaker 1: pair declines continued to accelerate. So he also added that 15 00:00:48,840 --> 00:00:51,640 Speaker 1: online dating category remains challenged and that the gen Z 16 00:00:51,760 --> 00:00:54,800 Speaker 1: product or market fit has some issues, so maybe we're 17 00:00:54,840 --> 00:00:57,720 Speaker 1: seeing a different shift in that space. Now to price target, 18 00:00:57,720 --> 00:01:01,320 Speaker 1: it's set to five dollars, which implies roughly thirteen percent 19 00:01:01,600 --> 00:01:03,480 Speaker 1: decrease from the previous close. 20 00:01:04,240 --> 00:01:07,000 Speaker 2: All right, how about dollar general, what's happening there. 21 00:01:07,400 --> 00:01:11,560 Speaker 1: This one is more exciting. Shares are popping around fifteen percent, 22 00:01:11,600 --> 00:01:14,360 Speaker 1: so this is the highest since August twenty twenty four 23 00:01:14,400 --> 00:01:16,720 Speaker 1: and the most sense at least two thousand and nine 24 00:01:16,720 --> 00:01:19,679 Speaker 1: if my SINS is correct. That's the terminal function SINS. 25 00:01:19,680 --> 00:01:22,920 Speaker 1: So Dollar General, the ticker is DG, increase its annual 26 00:01:22,920 --> 00:01:25,559 Speaker 1: guidance after the first quarter top projection. So it also 27 00:01:25,600 --> 00:01:28,400 Speaker 1: said that it expects to mitigate a significant amount of 28 00:01:28,440 --> 00:01:31,320 Speaker 1: tires that are currently in place. So the companies see 29 00:01:31,360 --> 00:01:33,160 Speaker 1: same star sales gaining as much as two and a 30 00:01:33,200 --> 00:01:36,039 Speaker 1: half percent, that's higher from their guidance in March, and 31 00:01:36,080 --> 00:01:39,120 Speaker 1: they also nudge up expectations for EPs. So as we 32 00:01:39,160 --> 00:01:42,319 Speaker 1: know Dollar General's low income shoppers have really been squeezed 33 00:01:42,319 --> 00:01:44,959 Speaker 1: by inflation. We have the CEO warning earlier in the 34 00:01:45,040 --> 00:01:48,240 Speaker 1: year that they are even skimping on necessities, and also 35 00:01:48,320 --> 00:01:51,360 Speaker 1: the company has a lot of exposure from imports to China. 36 00:01:51,440 --> 00:01:53,320 Speaker 1: But for today it's good news. We have the shares 37 00:01:53,440 --> 00:01:54,680 Speaker 1: hire by sixteen percent. 38 00:01:54,760 --> 00:01:56,680 Speaker 3: I wonder if it's also like less bad than we 39 00:01:56,800 --> 00:01:58,720 Speaker 3: thought based on all the things that you just said. 40 00:01:59,080 --> 00:02:00,400 Speaker 3: Is about the end of the day, A let's go 41 00:02:00,440 --> 00:02:04,480 Speaker 3: to Pinterest, So I'm like cyclically obsessed with Pinterest. Really Yeah, 42 00:02:04,480 --> 00:02:05,920 Speaker 3: There'll be times where I'm like in it and I 43 00:02:05,960 --> 00:02:08,160 Speaker 3: can't leave it forever, and other times I just totally 44 00:02:08,200 --> 00:02:08,959 Speaker 3: forget all about it. 45 00:02:09,000 --> 00:02:11,400 Speaker 1: But that's not getting en upgrade today getting upgrade. And 46 00:02:11,440 --> 00:02:12,960 Speaker 1: I was all over Pinterest when I was in high 47 00:02:12,960 --> 00:02:15,200 Speaker 1: school in college. Now I haven't checked at alex so 48 00:02:15,240 --> 00:02:17,799 Speaker 1: maybe I shouldn't visited after this. But we have the 49 00:02:17,840 --> 00:02:21,360 Speaker 1: shares rising four percent. JPM Morgan raised the rating too 50 00:02:21,400 --> 00:02:24,080 Speaker 1: overweight from neutral. We have analysts Dog and With saying 51 00:02:24,120 --> 00:02:27,600 Speaker 1: that a diversification of this ad platform is supporting further 52 00:02:27,720 --> 00:02:30,400 Speaker 1: revenue and Pinterest is also driving solid user growth, with 53 00:02:30,520 --> 00:02:33,440 Speaker 1: eighty five percent of its monthly active users coming directly 54 00:02:33,440 --> 00:02:35,760 Speaker 1: to the mobile app. Maybe this is why because I 55 00:02:35,840 --> 00:02:37,600 Speaker 1: use it on this stop still, so maybe I should 56 00:02:37,639 --> 00:02:40,919 Speaker 1: download that mobile app that we have the analysts saying 57 00:02:40,960 --> 00:02:43,840 Speaker 1: that valuation multiples based on two year forward EBITA are 58 00:02:43,880 --> 00:02:47,160 Speaker 1: appearing cheap, so they raise Pinterest price target to forty 59 00:02:47,200 --> 00:02:49,360 Speaker 1: dollars from thirty five. 60 00:02:49,800 --> 00:02:53,920 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 61 00:02:54,000 --> 00:02:56,760 Speaker 2: us throughout the day for the latest roundup of companies 62 00:02:56,800 --> 00:02:59,799 Speaker 2: making news on Wall Street and for the latest market 63 00:02:59,800 --> 00:03:03,680 Speaker 2: move bean headlines. Listen to Bloomberg Radio Live, catch us 64 00:03:03,680 --> 00:03:07,079 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 65 00:03:07,080 --> 00:03:09,040 Speaker 2: Auto with the Bloomberg Business app.