1
00:00:02,520 --> 00:00:07,360
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:08,560 --> 00:00:12,440
Speaker 2: The Stock Movers Report, your roundup of companies making moves

3
00:00:12,480 --> 00:00:16,320
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,680 --> 00:00:18,599
Speaker 3: Let's take a look at some of the stocks on

5
00:00:18,640 --> 00:00:20,720
Speaker 3: the move today. We can do that with Bloomberg's cross

6
00:00:20,760 --> 00:00:21,400
Speaker 3: asset reported.

7
00:00:21,400 --> 00:00:22,680
Speaker 1: They needs us, but they need to What are you

8
00:00:22,680 --> 00:00:23,040
Speaker 1: looking at.

9
00:00:23,320 --> 00:00:27,000
Speaker 4: Let's start with AMD, obviously some of the biggest losses today.

10
00:00:27,160 --> 00:00:29,200
Speaker 3: It's down about fourteen percent. Now.

11
00:00:29,240 --> 00:00:32,080
Speaker 4: The chip maker sales forecast was seen as week.

12
00:00:32,280 --> 00:00:35,320
Speaker 3: The curve, of course is AMD. Look at those sales number.

13
00:00:36,000 --> 00:00:40,400
Speaker 4: What we got so the expectations was about nine point

14
00:00:40,720 --> 00:00:45,040
Speaker 4: eight billion. Analysts had estimated nine point four billions. Some

15
00:00:45,080 --> 00:00:48,520
Speaker 4: projections were as high as ten billion. So the gap

16
00:00:48,560 --> 00:00:51,400
Speaker 4: between what we got and the expectation from analysts is

17
00:00:51,440 --> 00:00:53,960
Speaker 4: a big reason why we're seeing some of that disappointment

18
00:00:54,000 --> 00:00:58,000
Speaker 4: by expectations were pretty high. Sitting notes that the upside

19
00:00:58,040 --> 00:01:01,200
Speaker 4: to the results were boosted by the China sales.

20
00:01:01,400 --> 00:01:03,760
Speaker 3: Of course, everyone is looking at the bigger.

21
00:01:03,480 --> 00:01:07,120
Speaker 4: Payoff from artificial intelligence spending and whether that is in

22
00:01:07,160 --> 00:01:09,600
Speaker 4: the happening. There is a lot of pressure for the

23
00:01:09,640 --> 00:01:14,000
Speaker 4: software names, so that's definitely adding tension here. AMD is

24
00:01:14,000 --> 00:01:17,240
Speaker 4: still playing catchup within video, so everyone is watching that space.

25
00:01:17,360 --> 00:01:20,400
Speaker 4: AMDB was up seventy seven percent last year, but still

26
00:01:20,440 --> 00:01:22,440
Speaker 4: a pretty bad start, and they're down here todate.

27
00:01:22,640 --> 00:01:24,520
Speaker 2: All right, let's look at another sock that it's down

28
00:01:24,640 --> 00:01:26,759
Speaker 2: for the seventh day and eight Chipotle.

29
00:01:27,200 --> 00:01:30,560
Speaker 4: Yeah, Chipotle projects flood growth and it comes at a

30
00:01:30,680 --> 00:01:32,440
Speaker 4: pretty after a pretty pretty bad year.

31
00:01:32,480 --> 00:01:33,920
Speaker 3: The ticker is CMG.

32
00:01:34,400 --> 00:01:38,080
Speaker 4: Chipotli shares fell as much as four percent at the open.

33
00:01:38,200 --> 00:01:41,440
Speaker 3: Now they're closed to flat on the day, but the stock.

34
00:01:41,240 --> 00:01:44,000
Speaker 4: Declined thirty nine percent year today, so any form of

35
00:01:44,240 --> 00:01:46,880
Speaker 4: relief will be much needed for the company. Sales at

36
00:01:46,959 --> 00:01:50,280
Speaker 4: established locations are expected to be about flood this year.

37
00:01:50,520 --> 00:01:54,000
Speaker 4: That's below the average estimate compiled by Bloomberg. It's an

38
00:01:54,040 --> 00:01:57,160
Speaker 4: interesting thread. They're talking about weight loss drugs and that

39
00:01:57,360 --> 00:02:01,640
Speaker 4: definitely weighing on sentiment to put Clay is facing challenges,

40
00:02:01,680 --> 00:02:04,760
Speaker 4: of course from higher prices as well, but the weightlows

41
00:02:05,080 --> 00:02:08,560
Speaker 4: kind of dominated the story. They've been offering those new

42
00:02:08,600 --> 00:02:13,000
Speaker 4: protein offerings with hiring higher grams of protein. They say

43
00:02:13,040 --> 00:02:17,120
Speaker 4: that campaign is helping so far, but clearly consumers may

44
00:02:17,120 --> 00:02:21,800
Speaker 4: be opting for healthier or less food is definitely affecting

45
00:02:21,840 --> 00:02:23,120
Speaker 4: the bottom line of the company.

46
00:02:23,400 --> 00:02:26,440
Speaker 2: I want to Chipotle yesterday Third Avenue had a great lunch.

47
00:02:26,560 --> 00:02:28,120
Speaker 1: Did you get protein? Extra protein?

48
00:02:28,320 --> 00:02:29,959
Speaker 3: I don't know what protein is, dude. I get the

49
00:02:30,000 --> 00:02:32,280
Speaker 3: same thing I've been ordering for fifty years. You have

50
00:02:32,400 --> 00:02:35,880
Speaker 3: how much does it cost? Ten eleven, twelve bucks something

51
00:02:35,919 --> 00:02:39,680
Speaker 3: like that? And what did you get? Two hard tacos? Chicken, okay,

52
00:02:40,040 --> 00:02:42,080
Speaker 3: peppers and onions, pickle.

53
00:02:41,880 --> 00:02:44,760
Speaker 1: The guy cheese. So it's all good. That's a lot

54
00:02:44,760 --> 00:02:46,040
Speaker 1: of protein, dude.

55
00:02:46,080 --> 00:02:49,080
Speaker 3: It's what I don't say protein. It's just I got

56
00:02:49,280 --> 00:02:51,760
Speaker 3: chicken or he got me or something like that.

57
00:02:52,280 --> 00:02:55,120
Speaker 1: Enough of the protein stuff. So it's not working for

58
00:02:55,200 --> 00:02:56,520
Speaker 1: some people. The protein has I.

59
00:02:56,440 --> 00:02:57,639
Speaker 3: Guess not Match Group.

60
00:02:57,680 --> 00:02:58,040
Speaker 2: What do you got?

61
00:02:58,040 --> 00:03:02,240
Speaker 4: First dating match Groups shares jumped as much as fifteen percent.

62
00:03:02,680 --> 00:03:03,880
Speaker 3: The rally is not as strong now.

63
00:03:03,960 --> 00:03:06,919
Speaker 4: Now now the company is up about two percent tickories

64
00:03:07,080 --> 00:03:10,600
Speaker 4: mtcch So they told two of the big dating apps,

65
00:03:10,639 --> 00:03:12,920
Speaker 4: and we're kind of seeing a different story there. The

66
00:03:12,960 --> 00:03:16,760
Speaker 4: company reported earnings per shares above estimates, but what we're

67
00:03:16,840 --> 00:03:20,720
Speaker 4: seeing is for one of the dating apps, Tinder, the

68
00:03:20,760 --> 00:03:26,000
Speaker 4: company expected revenue declines, while for the other app, Hinge,

69
00:03:26,880 --> 00:03:30,720
Speaker 4: the company expects to post double digital growth and projects

70
00:03:30,800 --> 00:03:33,400
Speaker 4: a lot to mid twenties increase in revenue.

71
00:03:34,160 --> 00:03:36,280
Speaker 3: It's an interesting outlook there.

72
00:03:36,360 --> 00:03:39,840
Speaker 4: Analysts have seven buys and fifteen old ratings. That said,

73
00:03:40,000 --> 00:03:43,720
Speaker 4: there are no sem ratings. But interesting company to watch

74
00:03:43,760 --> 00:03:47,800
Speaker 4: and it's having a pretty good day after I think

75
00:03:47,840 --> 00:03:51,240
Speaker 4: the company has has a down year ever since it's

76
00:03:51,520 --> 00:03:53,960
Speaker 4: went public in twenty twenty one, so it's a bit

77
00:03:54,000 --> 00:03:54,840
Speaker 4: a rough one.

78
00:03:55,440 --> 00:03:59,400
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

79
00:03:59,480 --> 00:04:02,119
Speaker 2: us throughout the day for the latest roundup of companies

80
00:04:02,160 --> 00:04:05,280
Speaker 2: making news on Wall Street and for the latest market

81
00:04:05,320 --> 00:04:09,800
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

82
00:04:09,880 --> 00:04:13,360
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

83
00:04:13,440 --> 00:04:14,920
Speaker 2: the Bloomberg Business app.