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 --> 00:00:16,160 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,320 --> 00:00:18,200 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,200 --> 00:00:21,520 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis on another 6 00:00:22,079 --> 00:00:25,360 Speaker 1: busy earnings morning. We got results from Deer in company 7 00:00:25,480 --> 00:00:28,840 Speaker 1: ahead of the open, Dan, and looks pretty good. 8 00:00:28,840 --> 00:00:31,920 Speaker 3: Good morning, Good morning, Nathan. Yeah, nothing runs higher like 9 00:00:31,920 --> 00:00:34,279 Speaker 3: a deer in the morning. Those shares are up four 10 00:00:34,320 --> 00:00:36,959 Speaker 3: percent in pre market. They're set to open over six 11 00:00:37,080 --> 00:00:39,320 Speaker 3: hundred dollars a share, And just to put that in context, 12 00:00:39,479 --> 00:00:42,160 Speaker 3: these shares were trading less than five hundred dollars each 13 00:00:42,479 --> 00:00:46,360 Speaker 3: beginning of January. Absolutely run large, run higher, and the 14 00:00:46,440 --> 00:00:49,000 Speaker 3: earnings are supporting that. So the fourth quarter top and 15 00:00:49,120 --> 00:00:52,920 Speaker 3: bottom line both beat estimates, and the company is raising 16 00:00:52,920 --> 00:00:55,800 Speaker 3: its profit outlook for the year. This is coming off 17 00:00:55,800 --> 00:01:00,280 Speaker 3: the back of an improving agricultural environment, sobe prices been 18 00:01:00,360 --> 00:01:02,920 Speaker 3: rising as China revives imports from the US. That means 19 00:01:03,080 --> 00:01:05,800 Speaker 3: US farmers are more likely to spend. That spending goes 20 00:01:05,840 --> 00:01:09,319 Speaker 3: into farm equipment, so it goes into the goes in 21 00:01:09,319 --> 00:01:11,720 Speaker 3: the pockets of Deer. It also sees construction as a 22 00:01:11,720 --> 00:01:14,360 Speaker 3: bright point. This is something we've been discussing with Deer 23 00:01:14,640 --> 00:01:18,000 Speaker 3: with its rival Caterpillar. The AI build out is just 24 00:01:18,200 --> 00:01:20,759 Speaker 3: putting in a lot of demand for the construction side 25 00:01:20,840 --> 00:01:24,120 Speaker 3: and on the agricultural side. It's Deer itself is saying 26 00:01:24,120 --> 00:01:26,840 Speaker 3: that twenty twenty six is the bottom of the current cycle. 27 00:01:27,120 --> 00:01:30,080 Speaker 3: So it's been tough for the company, not tough for 28 00:01:30,120 --> 00:01:32,840 Speaker 3: the shares, and they're seeing an up trend in the 29 00:01:32,880 --> 00:01:34,680 Speaker 3: horizon that just lifting the shares. 30 00:01:34,680 --> 00:01:38,000 Speaker 1: This morning, we'll talk about an up trend. Look at Figma. 31 00:01:38,240 --> 00:01:42,119 Speaker 1: That stock is the most highest traded this morning. 32 00:01:42,720 --> 00:01:46,680 Speaker 3: Absolutely so Figma. It's a software company for designing applications 33 00:01:46,720 --> 00:01:49,040 Speaker 3: and website. So this is a company that you'd with 34 00:01:49,120 --> 00:01:52,080 Speaker 3: all the turmoil that we've seen from AI disruption, this 35 00:01:52,120 --> 00:01:54,080 Speaker 3: is the type of company that has been caught in 36 00:01:54,120 --> 00:01:57,560 Speaker 3: the crosshairs you know from as from AI's dominance. But 37 00:01:57,760 --> 00:02:01,040 Speaker 3: we're getting in great a strong report this company, letting 38 00:02:01,080 --> 00:02:04,800 Speaker 3: investors breathe a sigh of relief. Those shares up twelve 39 00:02:04,960 --> 00:02:07,960 Speaker 3: percent in the pre market. Fourth quarter sales were up 40 00:02:08,000 --> 00:02:11,240 Speaker 3: forty percent. That was above estimates. The guidance for the 41 00:02:11,320 --> 00:02:14,160 Speaker 3: current quarter sales is one point four billion, or for 42 00:02:14,280 --> 00:02:17,440 Speaker 3: sorry total year sales one point four billion. That's also 43 00:02:17,560 --> 00:02:21,440 Speaker 3: above estimates. The company itself is developing its own AI tool, 44 00:02:21,480 --> 00:02:24,520 Speaker 3: it's called Figma Make that saw a seventy percent user 45 00:02:24,520 --> 00:02:28,560 Speaker 3: growth increase last year. So those that company kind of 46 00:02:28,560 --> 00:02:31,000 Speaker 3: shrugging off some of these AI concerns really popping that 47 00:02:31,040 --> 00:02:31,799 Speaker 3: stock in the pre. 48 00:02:31,720 --> 00:02:34,399 Speaker 1: Market, and hot on its heels is door Dash after 49 00:02:34,400 --> 00:02:35,040 Speaker 1: their earnings. 50 00:02:35,600 --> 00:02:39,000 Speaker 3: That's right, so door Dash got whipsaw after the release. 51 00:02:39,600 --> 00:02:42,840 Speaker 3: The shares initially fell as first quarter even a guidance 52 00:02:42,840 --> 00:02:46,639 Speaker 3: missed estimates, but investors shrugging that off, those shares up 53 00:02:46,720 --> 00:02:50,440 Speaker 3: eleven percent in pre market. Market is focusing on the 54 00:02:50,480 --> 00:02:54,600 Speaker 3: first quarter guidance that is much stronger than Wall Street 55 00:02:54,680 --> 00:02:59,440 Speaker 3: was estimating. Continued margin pressure due to reinvestment is expected 56 00:02:59,480 --> 00:03:02,560 Speaker 3: to continue, but Bloomberg Intelligence is saying that with faster 57 00:03:02,680 --> 00:03:07,359 Speaker 3: integration of delivery and tech efficiencies, the margin drag may 58 00:03:07,360 --> 00:03:09,720 Speaker 3: be limited to the first half, so looking at the 59 00:03:09,760 --> 00:03:13,600 Speaker 3: longer term guidance, it looks like it could be stronger. 60 00:03:13,760 --> 00:03:17,080 Speaker 3: That's why those shares are just rising eleven percent in pre. 61 00:03:17,360 --> 00:03:19,560 Speaker 1: Well can't let you go without looking at the biggest 62 00:03:19,639 --> 00:03:22,880 Speaker 1: loser in the stock market this morning, Carvan is getting 63 00:03:22,960 --> 00:03:23,680 Speaker 1: clobber Dan. 64 00:03:24,200 --> 00:03:26,680 Speaker 3: Yeah, this one can't shrug off the margin concern. So 65 00:03:27,080 --> 00:03:32,280 Speaker 3: Carvana announced fourth quarter adjusted EBITDA that's earnings. That's an 66 00:03:32,280 --> 00:03:35,800 Speaker 3: adjusted earnings figure about five percent lower than estimates. That 67 00:03:35,880 --> 00:03:38,920 Speaker 3: has the shares down seventeen percent in the pre market, 68 00:03:38,960 --> 00:03:41,920 Speaker 3: even though the company beat top and bottom line. Carvon 69 00:03:42,000 --> 00:03:46,520 Speaker 3: has been growing by acquiring car dealerships and expanding its 70 00:03:46,560 --> 00:03:48,640 Speaker 3: ability to recondition cars. This is a lot of a 71 00:03:48,760 --> 00:03:52,560 Speaker 3: reinvestment story that weigh on margin, but that is hitting 72 00:03:52,560 --> 00:03:56,160 Speaker 3: the shares this morning. It also is seeing higher than 73 00:03:56,200 --> 00:03:59,480 Speaker 3: expected card appreciation costs on vehicle at inventory. This goes 74 00:03:59,480 --> 00:04:02,200 Speaker 3: back to the inflation figures we've been talking about. CPI 75 00:04:02,320 --> 00:04:05,920 Speaker 3: has shown car prices used car prices coming down, so 76 00:04:05,960 --> 00:04:08,320 Speaker 3: that's also hurting the bottom line. 77 00:04:08,400 --> 00:04:12,440 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 78 00:04:12,520 --> 00:04:15,080 Speaker 2: us throughout the day for the latest roundup of companies 79 00:04:15,160 --> 00:04:18,240 Speaker 2: making news on Wall Street and for the latest market 80 00:04:18,279 --> 00:04:22,719 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 81 00:04:22,839 --> 00:04:26,280 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 82 00:04:26,400 --> 00:04:27,880 Speaker 2: the Bloomberg Business app.