WEBVTT - AMD Slides, Chipotle Falls, Match Group Climbs on Positive Earnings

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. We can do that with Bloomberg's cross

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<v Speaker 3>asset reported.

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<v Speaker 1>They needs us, but they need to What are you

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<v Speaker 1>looking at.

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<v Speaker 4>Let's start with AMD, obviously some of the biggest losses today.

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<v Speaker 3>It's down about fourteen percent. Now.

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<v Speaker 4>The chip maker sales forecast was seen as week.

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<v Speaker 3>The curve, of course is AMD. Look at those sales number.

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<v Speaker 4>What we got so the expectations was about nine point

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<v Speaker 4>eight billion. Analysts had estimated nine point four billions. Some

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<v Speaker 4>projections were as high as ten billion. So the gap

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<v Speaker 4>between what we got and the expectation from analysts is

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<v Speaker 4>a big reason why we're seeing some of that disappointment

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<v Speaker 4>by expectations were pretty high. Sitting notes that the upside

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<v Speaker 4>to the results were boosted by the China sales.

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<v Speaker 3>Of course, everyone is looking at the bigger.

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<v Speaker 4>Payoff from artificial intelligence spending and whether that is in

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<v Speaker 4>the happening. There is a lot of pressure for the

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<v Speaker 4>software names, so that's definitely adding tension here. AMD is

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<v Speaker 4>still playing catchup within video, so everyone is watching that space.

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<v Speaker 4>AMDB was up seventy seven percent last year, but still

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<v Speaker 4>a pretty bad start, and they're down here todate.

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<v Speaker 2>All right, let's look at another sock that it's down

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<v Speaker 2>for the seventh day and eight Chipotle.

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<v Speaker 4>Yeah, Chipotle projects flood growth and it comes at a

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<v Speaker 4>pretty after a pretty pretty bad year.

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<v Speaker 3>The ticker is CMG.

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<v Speaker 4>Chipotli shares fell as much as four percent at the open.

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<v Speaker 3>Now they're closed to flat on the day, but the stock.

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<v Speaker 4>Declined thirty nine percent year today, so any form of

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<v Speaker 4>relief will be much needed for the company. Sales at

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<v Speaker 4>established locations are expected to be about flood this year.

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<v Speaker 4>That's below the average estimate compiled by Bloomberg. It's an

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<v Speaker 4>interesting thread. They're talking about weight loss drugs and that

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<v Speaker 4>definitely weighing on sentiment to put Clay is facing challenges,

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<v Speaker 4>of course from higher prices as well, but the weightlows

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<v Speaker 4>kind of dominated the story. They've been offering those new

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<v Speaker 4>protein offerings with hiring higher grams of protein. They say

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<v Speaker 4>that campaign is helping so far, but clearly consumers may

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<v Speaker 4>be opting for healthier or less food is definitely affecting

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<v Speaker 4>the bottom line of the company.

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<v Speaker 2>I want to Chipotle yesterday Third Avenue had a great lunch.

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<v Speaker 1>Did you get protein? Extra protein?

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<v Speaker 3>I don't know what protein is, dude. I get the

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<v Speaker 3>same thing I've been ordering for fifty years. You have

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<v Speaker 3>how much does it cost? Ten eleven, twelve bucks something

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<v Speaker 3>like that? And what did you get? Two hard tacos? Chicken, okay,

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<v Speaker 3>peppers and onions, pickle.

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<v Speaker 1>The guy cheese. So it's all good. That's a lot

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<v Speaker 1>of protein, dude.

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<v Speaker 3>It's what I don't say protein. It's just I got

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<v Speaker 3>chicken or he got me or something like that.

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<v Speaker 1>Enough of the protein stuff. So it's not working for

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<v Speaker 1>some people. The protein has I.

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<v Speaker 3>Guess not Match Group.

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<v Speaker 2>What do you got?

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<v Speaker 4>First dating match Groups shares jumped as much as fifteen percent.

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<v Speaker 3>The rally is not as strong now.

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<v Speaker 4>Now now the company is up about two percent tickories

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<v Speaker 4>mtcch So they told two of the big dating apps,

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<v Speaker 4>and we're kind of seeing a different story there. The

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<v Speaker 4>company reported earnings per shares above estimates, but what we're

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<v Speaker 4>seeing is for one of the dating apps, Tinder, the

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<v Speaker 4>company expected revenue declines, while for the other app, Hinge,

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<v Speaker 4>the company expects to post double digital growth and projects

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<v Speaker 4>a lot to mid twenties increase in revenue.

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<v Speaker 3>It's an interesting outlook there.

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<v Speaker 4>Analysts have seven buys and fifteen old ratings. That said,

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<v Speaker 4>there are no sem ratings. But interesting company to watch

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<v Speaker 4>and it's having a pretty good day after I think

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<v Speaker 4>the company has has a down year ever since it's

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<v Speaker 4>went public in twenty twenty one, so it's a bit

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<v Speaker 4>a rough one.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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