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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,680 --> 00:00:18,919 Speaker 3: Christinikino is here with us and she is taking a 5 00:00:18,920 --> 00:00:20,000 Speaker 3: look at some stocks on the move. 6 00:00:20,040 --> 00:00:21,400 Speaker 1: What do you have for us, Yeah, taking a look 7 00:00:21,400 --> 00:00:24,800 Speaker 1: at alto this morning scarlet. Of course, Tick, her Pa 8 00:00:25,000 --> 00:00:27,720 Speaker 1: and w those shares are very much in the read 9 00:00:27,760 --> 00:00:30,160 Speaker 1: there down more than five percent earlier, they were down 10 00:00:30,480 --> 00:00:32,320 Speaker 1: by the most in two years, and that is because, 11 00:00:32,320 --> 00:00:34,559 Speaker 1: of course, we got the results after the bell yesterday, 12 00:00:34,800 --> 00:00:38,360 Speaker 1: weaker than expected forecasts for adjusted earnings earnings per share. 13 00:00:38,400 --> 00:00:40,879 Speaker 1: Now they're looking at three dollars sixty five cents to 14 00:00:41,280 --> 00:00:44,000 Speaker 1: three dollars seventy cents, down from the prior estimate of 15 00:00:44,040 --> 00:00:47,559 Speaker 1: three dollars eighty seven cents. It did, however, boost its 16 00:00:47,600 --> 00:00:51,200 Speaker 1: full year forecast for key metrics including revenue and next 17 00:00:51,240 --> 00:00:55,640 Speaker 1: generation security annual recurring revenue. So for JP Morgan analysts 18 00:00:55,680 --> 00:00:58,279 Speaker 1: this is actually a positive thing. They're saying that the 19 00:00:58,480 --> 00:01:01,360 Speaker 1: conservative forecast provides an attractive set up for the second 20 00:01:01,400 --> 00:01:04,039 Speaker 1: half of the year, and they're saying that the mixed 21 00:01:04,040 --> 00:01:07,640 Speaker 1: second quarter results actually presents a buying opportunity given that 22 00:01:07,760 --> 00:01:09,720 Speaker 1: it is still very much an a beneficiary. 23 00:01:10,240 --> 00:01:11,160 Speaker 3: All right, very good. 24 00:01:11,440 --> 00:01:12,400 Speaker 2: What else you have for us today? 25 00:01:12,440 --> 00:01:15,480 Speaker 1: We're going to talk about the MSG Sports News fall. 26 00:01:15,520 --> 00:01:18,720 Speaker 1: Of course, MSG as the ticker there. Those are up 27 00:01:19,000 --> 00:01:22,560 Speaker 1: more than seventeen percent, set for the biggest jump on 28 00:01:22,680 --> 00:01:26,520 Speaker 1: records in data starting twenty fifteen, and that is because, 29 00:01:26,520 --> 00:01:28,920 Speaker 1: of course, we get got the news that the company 30 00:01:29,600 --> 00:01:32,560 Speaker 1: is saying that its board unanimously approved a plan to 31 00:01:32,640 --> 00:01:35,959 Speaker 1: explore a possible spinoff that would separate the New York's 32 00:01:36,000 --> 00:01:39,800 Speaker 1: Knicks business from its New York Rangers business, and they're 33 00:01:39,800 --> 00:01:43,120 Speaker 1: expecting the transaction to be structured as tax free if 34 00:01:43,160 --> 00:01:45,960 Speaker 1: it does proceed, and so the spinoff will work out. 35 00:01:46,040 --> 00:01:48,360 Speaker 1: The New York next company will include the Knicks and 36 00:01:48,360 --> 00:01:50,880 Speaker 1: the Westchester Knicks, which is apparently a thing. 37 00:01:51,360 --> 00:01:52,120 Speaker 3: The New York. 38 00:01:52,000 --> 00:01:55,320 Speaker 1: Rangers, meanwhile, will of course include the Rangers and the 39 00:01:55,360 --> 00:01:59,400 Speaker 1: Hartford Wolf Packs of Carla nineteen exactly. I know, Scarlett, 40 00:01:59,440 --> 00:02:00,560 Speaker 1: you will have a lot to say about this. 41 00:02:00,760 --> 00:02:00,960 Speaker 2: Well. 42 00:02:01,040 --> 00:02:03,559 Speaker 3: I mean, it's something that people had been wondering about 43 00:02:03,600 --> 00:02:05,960 Speaker 3: for a long time because the enterprise value is lower 44 00:02:06,000 --> 00:02:09,040 Speaker 3: than the values of each of the individual teams. So 45 00:02:09,400 --> 00:02:11,760 Speaker 3: there's been a lot of questions about why not unleash 46 00:02:11,880 --> 00:02:15,239 Speaker 3: these companies into their own publicly traded companies on their own. 47 00:02:15,639 --> 00:02:18,240 Speaker 1: Yeah, a lot of questions in arose all about what 48 00:02:18,280 --> 00:02:20,520 Speaker 1: the streaming service is going to look like? Are people 49 00:02:20,520 --> 00:02:22,280 Speaker 1: going to have to pay for two streaming services? 50 00:02:22,280 --> 00:02:24,520 Speaker 3: Now, well that's a different company if you look at 51 00:02:24,560 --> 00:02:27,400 Speaker 3: the financial structure. But god, that would just make it 52 00:02:27,600 --> 00:02:29,320 Speaker 3: so much more fun to be a sports for these days. 53 00:02:29,400 --> 00:02:35,040 Speaker 3: Right next one, Wings Wings Yeah, Wings up, So tigger 54 00:02:35,240 --> 00:02:38,440 Speaker 3: Wig that's also having a good day this morning. 55 00:02:38,440 --> 00:02:40,960 Speaker 1: Those shares are of more than fifteen percent, set for 56 00:02:40,960 --> 00:02:43,920 Speaker 1: the biggest jump since July. And as of course short 57 00:02:44,000 --> 00:02:47,000 Speaker 1: and expected adjusted earnings per share that we've gotten from 58 00:02:47,040 --> 00:02:50,639 Speaker 1: the company. They're also saying that total domestic same store 59 00:02:50,800 --> 00:02:55,400 Speaker 1: sales growth from fourth quarter better than expected. So there 60 00:02:55,480 --> 00:02:58,640 Speaker 1: was a lot of kind of lowered expectations because a customer, 61 00:02:58,919 --> 00:03:02,919 Speaker 1: a key customer segments for wingstop annas we're saying, looking 62 00:03:03,160 --> 00:03:06,800 Speaker 1: under pressure, and so the fact that they delivered above 63 00:03:07,040 --> 00:03:10,320 Speaker 1: estimates on these metrics very much being taken as a positive. 64 00:03:10,320 --> 00:03:13,120 Speaker 1: Bloomer Intelligence weighing in saying that the upside to their 65 00:03:13,160 --> 00:03:17,640 Speaker 1: twenty twenty six same store sales growth guidance is looking 66 00:03:17,760 --> 00:03:20,440 Speaker 1: very likely now for for twenty twenty six, given that 67 00:03:21,000 --> 00:03:23,399 Speaker 1: comm sales and fourth quarter were less bad. 68 00:03:23,200 --> 00:03:28,720 Speaker 2: And feared the Stock Movers report from Bloomberg Radio. Check 69 00:03:28,760 --> 00:03:31,120 Speaker 2: back with us throughout the day for the latest roundup 70 00:03:31,120 --> 00:03:34,080 Speaker 2: of companies making news on Wall Street and for the 71 00:03:34,160 --> 00:03:38,600 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 72 00:03:38,680 --> 00:03:42,160 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 73 00:03:42,160 --> 00:03:44,560 Speaker 2: Android Auto with the Bloomberg Business app.