1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,840 --> 00:00:13,119 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,640 --> 00:00:19,520 Speaker 1: Let's take a look at some stocks on the move 5 00:00:19,600 --> 00:00:22,560 Speaker 1: this week. I Ami Morris. We're joined by Bloomberg's Red 6 00:00:22,600 --> 00:00:25,640 Speaker 1: Brown Read. Let's start in the real estate sector. A 7 00:00:25,720 --> 00:00:28,880 Speaker 1: stock we don't talk about all that often, Equinix. 8 00:00:28,920 --> 00:00:29,600 Speaker 2: What do we need to know? 9 00:00:29,880 --> 00:00:31,120 Speaker 3: Yeah, I know, you're right. It is one of those 10 00:00:31,160 --> 00:00:34,160 Speaker 3: stocks we don't talk about, maybe enough in their mind, 11 00:00:34,240 --> 00:00:37,960 Speaker 3: but it's got attached to artificial intelligence, so we will 12 00:00:37,960 --> 00:00:41,400 Speaker 3: be talking about it. Of course. Down ten point six 13 00:00:41,440 --> 00:00:46,000 Speaker 3: percent this week. Shares actually fell eleven percent yesterday after 14 00:00:46,040 --> 00:00:50,880 Speaker 3: the data Center Read gave disappointing long term outlook. Gained 15 00:00:50,960 --> 00:00:53,680 Speaker 3: some some of that back today, but you know, it's 16 00:00:53,680 --> 00:00:55,880 Speaker 3: one of those things with any company that's been attached 17 00:00:55,880 --> 00:00:59,560 Speaker 3: to AI, the expectations go way up. So even though 18 00:00:59,600 --> 00:01:03,120 Speaker 3: the company forecast that sales excuse me, the business would 19 00:01:03,120 --> 00:01:06,920 Speaker 3: grow by five percent next year before accelerating to nine 20 00:01:06,959 --> 00:01:11,360 Speaker 3: percent by the end of the decade, investors punished it 21 00:01:12,000 --> 00:01:14,800 Speaker 3: just because kind of below the expectations are around seven 22 00:01:14,880 --> 00:01:18,360 Speaker 3: percent growth this year. So yeah, one of those stories 23 00:01:18,360 --> 00:01:21,200 Speaker 3: that we continue to see coming up when companies can't 24 00:01:21,280 --> 00:01:24,840 Speaker 3: hit those lofty expectations once they are part of the 25 00:01:24,920 --> 00:01:25,679 Speaker 3: AI crowd. 26 00:01:26,040 --> 00:01:29,280 Speaker 1: Absolutely the Equinex ticker by the way EQIX, And moving 27 00:01:29,319 --> 00:01:33,000 Speaker 1: to the travel and leisure industry, smooth sailing for one 28 00:01:33,040 --> 00:01:36,080 Speaker 1: of the world's biggest cruise operators, Royal Caribbean. 29 00:01:36,400 --> 00:01:39,000 Speaker 3: Yeah, Royal Caribbean, the ticker on this one is ourcl 30 00:01:39,240 --> 00:01:43,000 Speaker 3: hit record highs today and had its best week since January, 31 00:01:43,080 --> 00:01:46,959 Speaker 3: up thirteen percent. Carnival as well following actually ahead of 32 00:01:47,120 --> 00:01:49,640 Speaker 3: Royal a little bit but fourteen percent, and then Norwegian 33 00:01:50,000 --> 00:01:53,720 Speaker 3: lagging by about five percent. And really it's Carnival that's 34 00:01:53,800 --> 00:01:57,680 Speaker 3: driving these performance this week they raise their guidance for 35 00:01:57,720 --> 00:02:01,520 Speaker 3: a second time already this year. Woke with the CFO 36 00:02:01,560 --> 00:02:05,720 Speaker 3: of Carnival after their earnings event on Tuesday and he said, really, 37 00:02:05,800 --> 00:02:09,560 Speaker 3: no signs of demand slowing at all. On board spending 38 00:02:09,600 --> 00:02:13,240 Speaker 3: still very strong. Cancelation rates are normal and that's even 39 00:02:13,280 --> 00:02:17,360 Speaker 3: with some of this geopolitical and economic jitters earlier this year. 40 00:02:17,440 --> 00:02:21,080 Speaker 3: So really kind of like you said, smooth sailing and yeah, 41 00:02:21,200 --> 00:02:24,560 Speaker 3: all systems go for Royal Caribbean. And the cruise industry 42 00:02:24,600 --> 00:02:25,480 Speaker 3: in general. 43 00:02:25,919 --> 00:02:28,760 Speaker 1: And read any indication what's driving this demand. 44 00:02:29,320 --> 00:02:32,399 Speaker 3: Yeah, No, it seems like it's just that people still 45 00:02:32,440 --> 00:02:34,880 Speaker 3: want to travel and they're you know, they're looking for 46 00:02:35,320 --> 00:02:39,280 Speaker 3: a cheap alternative to maybe a hotel or a long flight, 47 00:02:39,639 --> 00:02:44,120 Speaker 3: and cruises offer a really great option for people. Still 48 00:02:44,160 --> 00:02:45,960 Speaker 3: to this day, it seems like there's still kind of 49 00:02:45,960 --> 00:02:49,640 Speaker 3: around a thirty percent discount for cruising as compared to 50 00:02:50,360 --> 00:02:53,680 Speaker 3: maybe a land base getaway. 51 00:02:53,120 --> 00:02:56,600 Speaker 1: Going for the experiences and not just the stuff. And 52 00:02:56,800 --> 00:02:59,440 Speaker 1: now finally you look at some clean energy. What's going 53 00:02:59,480 --> 00:03:01,800 Speaker 1: on with en Phase Energy this week? 54 00:03:02,120 --> 00:03:04,880 Speaker 3: En Phase Energy, Yes, this is a stock that's kind 55 00:03:04,880 --> 00:03:07,440 Speaker 3: of been pingponged around over the last few weeks. The 56 00:03:07,480 --> 00:03:11,079 Speaker 3: ticker on this one is e NPH, down seven percent today, 57 00:03:11,080 --> 00:03:13,840 Speaker 3: but had a really strong week up around eleven percent. 58 00:03:14,440 --> 00:03:15,799 Speaker 3: Had it kept all of its gain, it would have 59 00:03:15,800 --> 00:03:18,519 Speaker 3: had its best week since July of twenty twenty four. 60 00:03:19,200 --> 00:03:22,240 Speaker 3: The reason that these stocks en Phase for solar, some 61 00:03:22,360 --> 00:03:25,520 Speaker 3: of these same names keep kind of bouncing around, so 62 00:03:25,600 --> 00:03:28,119 Speaker 3: much has to do if it's sol Energy has become 63 00:03:28,160 --> 00:03:30,280 Speaker 3: this political football. So it seems like every time a 64 00:03:30,320 --> 00:03:34,560 Speaker 3: new draft of the tax bill comes out, Republicans say 65 00:03:34,560 --> 00:03:37,480 Speaker 3: either they're cutting the subsidies earlier than expected, or they're 66 00:03:37,520 --> 00:03:39,800 Speaker 3: going to be softer on the subsidies this time around. 67 00:03:39,880 --> 00:03:42,280 Speaker 3: So for this week, sounds like Republicans are going to 68 00:03:42,320 --> 00:03:46,160 Speaker 3: be kinder to the clean energy industry then first expected, 69 00:03:46,560 --> 00:03:50,560 Speaker 3: maybe keep some of these subsidies around longer than was feared. 70 00:03:50,960 --> 00:03:55,400 Speaker 3: And yeah, we'll probably continue to see this situation in 71 00:03:55,440 --> 00:03:57,680 Speaker 3: the future, as you know, they change their mind week 72 00:03:57,720 --> 00:04:00,120 Speaker 3: to week about exactly what they'd like to do with 73 00:04:01,160 --> 00:04:02,520 Speaker 3: clean energy. 74 00:04:03,280 --> 00:04:07,640 Speaker 2: The Stockmovers podcast from Bloomberg Radio. 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