1 00:00:02,520 --> 00:00:07,040 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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:20,520 Speaker 1: I'm Carol Master along with Jessman here at Bloomberg headquarters 5 00:00:20,520 --> 00:00:22,800 Speaker 1: in New York City. Let's get to Bloomberg News equity 6 00:00:22,920 --> 00:00:27,560 Speaker 1: reporter Natalia Kenny Javic. She is here with stockmovers at 7 00:00:27,560 --> 00:00:30,960 Speaker 1: this hour and one reported earnings after the close last night. 8 00:00:31,560 --> 00:00:33,440 Speaker 3: Right, So I'm looking at shairs of trade desk, the 9 00:00:33,520 --> 00:00:37,479 Speaker 3: tickers TTD. The stock is done by thirty seven percent 10 00:00:37,560 --> 00:00:40,040 Speaker 3: and this is currently the worst performer in the S 11 00:00:40,080 --> 00:00:42,839 Speaker 3: and P five hundred. So we see that revenue and 12 00:00:43,000 --> 00:00:47,040 Speaker 3: EPs of this advertising technology company came above expectations, but 13 00:00:47,120 --> 00:00:50,440 Speaker 3: that wasn't enough to impress investors. We saw at least 14 00:00:50,800 --> 00:00:54,560 Speaker 3: four downgrades across analysts. Some of them were citing, of course, 15 00:00:55,240 --> 00:00:59,560 Speaker 3: concerns about revenue growth and competition coming from Amazon. Specifically, 16 00:00:59,560 --> 00:01:02,800 Speaker 3: they said Amazon did some improvements in a demand side 17 00:01:02,840 --> 00:01:08,240 Speaker 3: platform where advertisers buy ed and they can target specific audience. 18 00:01:08,319 --> 00:01:11,480 Speaker 3: So a lot of issues for this company, and the 19 00:01:11,480 --> 00:01:12,840 Speaker 3: stock is really sinking. 20 00:01:13,480 --> 00:01:15,720 Speaker 4: And we actually sit next to each other over on 21 00:01:15,959 --> 00:01:19,000 Speaker 4: the equities to Retalia and myself. So she's been busy 22 00:01:19,040 --> 00:01:21,280 Speaker 4: on the wrap today too. But I know another one 23 00:01:21,319 --> 00:01:23,240 Speaker 4: you're watching, and this was a company that report after 24 00:01:23,240 --> 00:01:27,600 Speaker 4: the bill yesterday, Sweet Green ticker systemle SG here. What 25 00:01:27,840 --> 00:01:29,920 Speaker 4: is going on and why is it down so much 26 00:01:30,040 --> 00:01:30,479 Speaker 4: right now? 27 00:01:30,560 --> 00:01:33,200 Speaker 3: Yes, it looks like you as consumers are becoming much 28 00:01:33,240 --> 00:01:36,160 Speaker 3: more cautious and much more like pickier right when they 29 00:01:36,640 --> 00:01:40,400 Speaker 3: buy a meal. So we know that this salad chain 30 00:01:40,600 --> 00:01:43,480 Speaker 3: they sell salads which with average cost of fifteen to 31 00:01:43,520 --> 00:01:46,920 Speaker 3: twenty dollars, so the stock is done by twenty four percent. 32 00:01:47,040 --> 00:01:49,160 Speaker 4: That was actually close to whered price. It's IPO a 33 00:01:49,160 --> 00:01:50,160 Speaker 4: couple of years ago too. 34 00:01:50,480 --> 00:01:52,440 Speaker 3: This is a good point, yes, and this is the 35 00:01:52,440 --> 00:01:55,559 Speaker 3: biggest intra day drop of course on record the company. 36 00:01:55,560 --> 00:01:58,320 Speaker 3: The IPO was in twenty twenty one. So the salad 37 00:01:58,400 --> 00:02:02,280 Speaker 3: chain slashed, guidance, missed and quarter estimates and lots of 38 00:02:02,400 --> 00:02:06,400 Speaker 3: again concerns about potential growth for the company. One analyst 39 00:02:06,440 --> 00:02:09,639 Speaker 3: said that from William Blair that he said potentially the 40 00:02:09,720 --> 00:02:12,680 Speaker 3: company will need to raise capital at some point before 41 00:02:12,720 --> 00:02:15,480 Speaker 3: the end of twenty twenty six and shares are done 42 00:02:15,520 --> 00:02:18,600 Speaker 3: by around seventy percent on a year today basis. 43 00:02:18,320 --> 00:02:20,720 Speaker 1: It's been a stock that was around fifty three a 44 00:02:20,800 --> 00:02:23,840 Speaker 1: share and it's now just under ten bucks a share. 45 00:02:23,880 --> 00:02:24,280 Speaker 4: I don't know. 46 00:02:24,320 --> 00:02:27,560 Speaker 1: I don't know whether it's competition overall. I like Sweet Green, 47 00:02:27,639 --> 00:02:30,440 Speaker 1: I've eaten there, but I do wonder whether it's a 48 00:02:30,480 --> 00:02:33,080 Speaker 1: tell on you know, the US consumer, or just you know, 49 00:02:33,120 --> 00:02:36,919 Speaker 1: increasingly a lot of competition. Right when it comes to lunch, it. 50 00:02:36,480 --> 00:02:39,000 Speaker 4: Seems like I mean a lot of those places too 51 00:02:39,040 --> 00:02:40,919 Speaker 4: in general, for those salads seem like they're just getting 52 00:02:40,960 --> 00:02:44,040 Speaker 4: praisier and praiser at least when I there's one close 53 00:02:44,040 --> 00:02:47,480 Speaker 4: to me where I live in Manhattan, and I feel 54 00:02:47,480 --> 00:02:49,240 Speaker 4: like I don't want to go as much. If I'm 55 00:02:49,320 --> 00:02:51,720 Speaker 4: spending close to twenty dollars per a salad, I can 56 00:02:51,800 --> 00:02:52,320 Speaker 4: do something else. 57 00:02:52,400 --> 00:02:54,359 Speaker 1: It's a lot, I guess, right, Like if you think 58 00:02:54,400 --> 00:02:56,359 Speaker 1: about it, and I will point out, twenty percent of 59 00:02:56,400 --> 00:02:59,920 Speaker 1: the float is short, so investors, that negative sentiment continues. 60 00:03:00,080 --> 00:03:02,160 Speaker 1: All right, We've got an ipo story today. 61 00:03:02,480 --> 00:03:05,840 Speaker 3: Guess again, it's exciting that the IPO market is finally 62 00:03:06,040 --> 00:03:11,120 Speaker 3: somewhat recovering. So the company is heart flow the HTFL 63 00:03:11,520 --> 00:03:13,440 Speaker 3: and it's a positive story. We see that the stock 64 00:03:13,560 --> 00:03:16,600 Speaker 3: is up by almost fifty percent. This is the first 65 00:03:16,639 --> 00:03:20,040 Speaker 3: day of its trading debut. This is the AI software 66 00:03:20,160 --> 00:03:24,240 Speaker 3: platform focused on heart diseases. It raised more than three 67 00:03:24,320 --> 00:03:28,160 Speaker 3: hundred million dollars, but it's still an unprofitable business. So 68 00:03:28,360 --> 00:03:33,520 Speaker 3: this price reaction potentially gives some hope for investors who 69 00:03:34,080 --> 00:03:39,280 Speaker 3: like biotech IPOs right or medical device companies, because the 70 00:03:39,400 --> 00:03:43,000 Speaker 3: last two companies that went public from this area. One 71 00:03:43,000 --> 00:03:47,800 Speaker 3: of them is surgery implant maker Shoulder Innovation. Another one 72 00:03:48,000 --> 00:03:52,200 Speaker 3: is AI software firm Carl Smith spoke with CEO on 73 00:03:52,400 --> 00:03:56,400 Speaker 3: your show. So both of those companies are trading below 74 00:03:56,720 --> 00:04:00,120 Speaker 3: their offering prices. So yes, we see a revival, but 75 00:04:00,200 --> 00:04:03,440 Speaker 3: again it's all about crypto or AI. But this is 76 00:04:03,440 --> 00:04:05,640 Speaker 3: a positive store in the healthcare sector. I don't know 77 00:04:05,680 --> 00:04:06,760 Speaker 3: what it means for the future. 78 00:04:07,040 --> 00:04:10,480 Speaker 1: I don't know this company, but apparently their platform aims 79 00:04:10,480 --> 00:04:14,400 Speaker 1: to make coronary artery disease a screenable, diagnosable and manageable 80 00:04:14,400 --> 00:04:16,800 Speaker 1: condition by creating a personalized three D model of a 81 00:04:16,839 --> 00:04:20,159 Speaker 1: patient's heart and generating data on blood flow and plaque level. 82 00:04:20,240 --> 00:04:23,120 Speaker 1: So I think we keep hearing right of going inside 83 00:04:23,160 --> 00:04:26,000 Speaker 1: the body and looking at it and creating you know 84 00:04:26,680 --> 00:04:29,480 Speaker 1: what your particular condition actually looks like and getting a 85 00:04:29,520 --> 00:04:30,320 Speaker 1: better handle on it. 86 00:04:31,680 --> 00:04:35,720 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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