Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis on another
Speaker 1: morning where're seeing earnings cross the Bloomberg terminal, including from
Speaker 1: the home of the Whopper. Good morning, Dan, Good morning.
Speaker 3: That's right. The company itself is called Restaurant Brands, but
Speaker 3: ticker's QSR. The shares are up about four tenths in
Speaker 3: pre market. But that is the company behind Burger King,
Speaker 3: as you alluded to, and my personal favorite, Tim Hortons.
Speaker 3: Fourth quarter sales and earnings both beat estimates. Comparable sales
Speaker 3: rose three percent higher than estimates, and that was largely
Speaker 3: driven by international business. Domestically Tim Hortens, Burger King, Popeye's
Speaker 3: growth all below estimates. But I got to give it
Speaker 3: a shout out to your dad. Firehouse Subs did beat
Speaker 3: the expectation, So yeah, subs are going well, and I
Speaker 3: think that's one of your dad's favorites, so shout out
Speaker 3: to him.
Speaker 1: Yeah, So I keep hearing yep.
Speaker 3: And that also follows McDonald's, which reported after the bell.
Speaker 3: Those shares are up about two tenths in the pre market.
Speaker 3: Comparable sales for McDonald's were up nearly seven percent, the
Speaker 3: fastest pace of growth in two years. Top bottom lines
Speaker 3: also be estimates. That's being driven by a cost conscious consumer.
Speaker 3: They're flocking to the value meals, the Mike Value menu,
Speaker 3: and they're also really going all in on McDonald's loyalty program.
Speaker 1: But not flucking as much to Popeye's interesting big weight
Speaker 1: this morning to Cisco Systems after their earnings after the close.
Speaker 3: DAN that's right, Cisco system shares are down seven percent
Speaker 3: underticker CSCO. That's after weaker than expected forecast for the
Speaker 3: current quarter is weighing on investor appetite. The largest maker
Speaker 3: of networking equipments has sees a gross margin around sixty
Speaker 3: six percent. That's lighter than estimates, and that's overshadowing the
Speaker 3: beat on the fiscal second quarter numbers and also the
Speaker 3: strong sales guidance. The CEO says the company has raised
Speaker 3: prices as it faces a memory crunch, and it's trying
Speaker 3: to negotiate favorable terms with suppliers, not quite enough to
Speaker 3: assuage the market, but the stock still was up eleven
Speaker 3: percent a year today into those earnings, So we're still
Speaker 3: up on the ear.
Speaker 1: And we're still seeing some individual stocks getting hit by
Speaker 1: the AI disruption trade. Among the latest there is app
Speaker 1: Loving that's right.
Speaker 3: It's the mobile tech company. It has been facing the
Speaker 3: AS disruption, as you said. So it beat fourth quarter
Speaker 3: earnings and sales estimates. First quarter revenue and adjusted EBITDA
Speaker 3: guidance was above, but those shares are still down five percent.
Speaker 3: And as you said, this is about the AI concerns.
Speaker 3: There's been an expression sell first, ask questions later. That
Speaker 3: seems to be what's going on here. Evercore Iside did
Speaker 3: note that the beat was more subdued than normal and
Speaker 3: expectations were likely more muted going into it because of
Speaker 3: this AI trade. So it might just be they did
Speaker 3: clear the bar, but that had been lowered. So the
Speaker 3: markt's not really enjoying that. Down five percent in the.
Speaker 1: Pre now very interesting here. Coal related stocks are getting
Speaker 1: a lift this morning. What's going on?
Speaker 3: Yeah, so Peabuddy energy ticker BTU is up five percent.
Speaker 3: That's leading the coal charge today. Trump the Trump administration
Speaker 3: ordered the Pentagon to purchase electricity directly from coal plants.
Speaker 3: This is something that Trump has been behind, kind of
Speaker 3: the shift towards energy, getting more electricity out of the US.
Speaker 3: He also announced that the Energy Department would give one
Speaker 3: hundred and seventy five million dollars in funding to upgrade
Speaker 3: coal plants. The Pea Buddy CEO was at the event.
Speaker 3: He said the company was working with the administration to
Speaker 3: build new coal fueled power plants. We've talked a lot
Speaker 3: about power going into this AI trade, so it looks
Speaker 3: like coal might be part of the new AI trade.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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