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: I'm Jim Statovec along with Carol Mass. Let's take a
Speaker 3: look at some stocks on the move today. We are
Speaker 3: joined by Bloomberg News. Acuis reporter Avalon Pernell. Earnings still
Speaker 3: coming in big, and we're seeing big moves as a
Speaker 3: result of these earnings.
Speaker 1: We are Data Dog that is ticker d Dog jumping
Speaker 1: now currently about thirty percent most of your day since
Speaker 1: twenty twenty three. That's after to software as a service
Speaker 1: company's first quarter results blue pass expectations, and they also
Speaker 1: boosted their full year guidance. I thought it was really
Speaker 1: interesting that Evercore also had a great note out saying
Speaker 1: that the forecast implies a healthy outlook for the second
Speaker 1: half of the year, which I feel like we haven't
Speaker 1: been hearing that as much for software as a service companies.
Speaker 1: But Data Dog is definitely doing well.
Speaker 3: The stock has been getting really beat up. If you
Speaker 3: look at where it was earlier this month, it was
Speaker 3: down close to fifty percent from highs just back in November.
Speaker 3: But now with today's increase, it's at the highest levels
Speaker 3: going back to last year to November, so it's actually
Speaker 3: getting closer to that high of last year.
Speaker 1: You know.
Speaker 4: I'm always like, well, okay, besides having a rough, rough
Speaker 4: good name, they're a cloud based platform. They help companies
Speaker 4: monitor and analyze activity on their network. So this plays
Speaker 4: into as more AI tools are adopted, right, Folks need
Speaker 4: these kinds of systems to kind of keep a track
Speaker 4: of it all. So yeah, it's just like all these
Speaker 4: ancillary you know that a Doug Yeah, real rough, I know,
Speaker 4: there we go, We're shall we go next.
Speaker 1: Tapestry, let's tick your TPR. Not as great news there.
Speaker 1: It's currently falling about eleven percent right now most interday
Speaker 1: since November. That's after the parent company of brands like
Speaker 1: Coach and Kate Spade gave a full year guidance at
Speaker 1: disappointed investors. Good point to mention that they just released
Speaker 1: their third quarter results, so now it's had like an
Speaker 1: implied fourth quarter question and Evercore says that the fourth
Speaker 1: quarter guidance implied shows that there could be a slight
Speaker 1: slow down at Coach, which we know coaches really been
Speaker 1: powering a lot of their gains and strength the less,
Speaker 1: so consumers not buy that's the question. I mean, if
Speaker 1: you look to like the management, they said, the commentary
Speaker 1: looks very differently. We're saying, no, gen z and younger
Speaker 1: millennials are still buying our products. But the fourth quarter, implied,
Speaker 1: seems a little bit conservative right.
Speaker 4: Now, Yeah, it does indeed. All right, off to the
Speaker 4: third choice, we go a company we love talking to, Whirlpool.
Speaker 1: Yes, that is ticker WHR currently down about twelve percent
Speaker 1: to hit the lowest inter day level since twenty eleven.
Speaker 1: That's after a household appliances manufacturers slashed its full year
Speaker 1: guidance and also disappointed generally speaking across the print management
Speaker 1: set at the war in Iran resulted in recession level
Speaker 1: industry decline in the US as consumers kind of look
Speaker 1: elsewhere or just choose to not upgrade their appliances. So
Speaker 1: definitely something to keep an eye on.
Speaker 3: Markets are the company we spoken in quite a bit
Speaker 3: over the past few years, he said.
Speaker 1: Quote.
Speaker 3: The combination of dropping consumer sentiment, decline of consumer demand,
Speaker 3: and the irrational industry pricing created an almost perfect storm
Speaker 3: during this first quarter.
Speaker 4: That's a lot. Yeah, that's pretty hefty. Especially when you
Speaker 4: have so many folks. I feel like you get enthusiasm
Speaker 4: from market watchers saying the economic numbers look good, things
Speaker 4: look good, and yet this is speaking really clearly to
Speaker 4: where consumers are not really.
Speaker 3: I mean, you look at this chart over the last
Speaker 3: five years, and it's just been a steady move down
Speaker 3: following the high of twelve of the end of the
Speaker 3: year of twenty twenty one. So since the beginning of
Speaker 3: twenty twenty two, stock is down seventy four percent.
Speaker 2: Yeah.
Speaker 4: I don't know if this is indicative, but I just
Speaker 4: makeup room today and just all of us were talking
Speaker 4: about shelter costs. Folks who don't do spend money on healthcare.
Speaker 4: They're younger, but they're just like you know, maybe you know,
Speaker 4: but I just have to make choices. Car payments that
Speaker 4: are on average six or seven hundred dollars. You know,
Speaker 4: you throw insurance on top of it. It's really tricky
Speaker 4: for a lot of households. So an interesting swath of
Speaker 4: stocks right in terms of what's going on in our world. Avalon,
Speaker 4: thank you, always appreciate Avalon Pronounce's Bloomberg News Equities reporter.
Speaker 3: With today's stockmovers for more conversations like this. Check out
Speaker 3: our news Stockmovers podcast. You can subscribe for five minute
Speaker 3: episodes on the biggest winners and losers in the stock market.
Speaker 3: Checkout Stockmovers on Apple, Spotify, or anywhere you get your podcasts.
Speaker 4: You know they're called Stockmovers. Chris, there's stocks on the Move.
Speaker 3: Yeah, it's a really good name for the show. It
Speaker 3: kind of tells you what you're getting.
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