1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:19,040 Speaker 3: I'm Jim Stadidek along with Carol Masser. Let's take a 5 00:00:19,040 --> 00:00:21,239 Speaker 3: look at some stocks on the move today with us 6 00:00:21,280 --> 00:00:25,320 Speaker 3: as Bloomberg News cross asset reporter Tanitsa Sakova and Danita. 7 00:00:25,360 --> 00:00:27,680 Speaker 3: It's smack dab in the midst of earning seasons, so 8 00:00:27,680 --> 00:00:29,120 Speaker 3: we got some earning stories. 9 00:00:29,400 --> 00:00:32,440 Speaker 4: Yeah, let's start with one of the big winners, American Airlines. 10 00:00:32,520 --> 00:00:35,479 Speaker 4: It was up as much as eight percent. Now the 11 00:00:35,520 --> 00:00:38,159 Speaker 4: stock is up six point four percent. The thinker, of 12 00:00:38,200 --> 00:00:42,160 Speaker 4: course is al L L. And it's coming off pretty 13 00:00:42,200 --> 00:00:45,320 Speaker 4: good earnings. Adjusted earnings per share. We're well aboff what 14 00:00:45,440 --> 00:00:48,159 Speaker 4: the street was expected. The street expected that just it 15 00:00:48,520 --> 00:00:52,120 Speaker 4: was about seventeen cents, and what we got. They expected 16 00:00:52,120 --> 00:00:54,800 Speaker 4: twenty seven cents and we got seventeen cents. So we're 17 00:00:54,840 --> 00:00:57,760 Speaker 4: seeing big relief there. The stock is actually down thirty 18 00:00:57,840 --> 00:01:02,560 Speaker 4: one percent before the earnings report. It comes after a 19 00:01:02,560 --> 00:01:05,000 Speaker 4: pretty strong quarter for all airlines. We're not talking only 20 00:01:05,000 --> 00:01:08,560 Speaker 4: about American Airlines. We're seeing strong trends in corporate in 21 00:01:08,600 --> 00:01:12,400 Speaker 4: premium leisure demands. What people are saying is that premium 22 00:01:12,400 --> 00:01:15,759 Speaker 4: caving demand has been very strong, but some analysts are 23 00:01:15,800 --> 00:01:19,080 Speaker 4: worried that we may be seeing peaks there, a pig there. 24 00:01:19,120 --> 00:01:23,440 Speaker 4: So that's one concern and that's one reason investors have 25 00:01:23,520 --> 00:01:27,000 Speaker 4: been potentially worried. But today very strong reaction. American is 26 00:01:27,040 --> 00:01:30,319 Speaker 4: the last of the big four airlines to report quarterly numbers. 27 00:01:30,319 --> 00:01:35,080 Speaker 4: We've had really strong, really strong earning season for them, 28 00:01:35,120 --> 00:01:37,840 Speaker 4: and what we're seeing from the airline is that it 29 00:01:37,920 --> 00:01:42,280 Speaker 4: now sees profit this year. It was previously forecasting a loss. 30 00:01:42,319 --> 00:01:45,600 Speaker 1: So big shift there, Yeah, exactly, so return to profitability 31 00:01:45,680 --> 00:01:49,080 Speaker 1: right in the fourth quarter. So that is a big deal. Hey, 32 00:01:49,120 --> 00:01:50,760 Speaker 1: one that has certainly been on our radar of the 33 00:01:50,840 --> 00:01:54,280 Speaker 1: last week. Ticker as BYND, we're talking about Beyond Meat. 34 00:01:54,440 --> 00:01:58,040 Speaker 1: I mean it's been on a tear until kind of 35 00:01:58,280 --> 00:02:00,120 Speaker 1: as of late, maybe as of today. 36 00:02:00,320 --> 00:02:03,120 Speaker 4: For the most part, this is not really a fundamental story. 37 00:02:03,120 --> 00:02:06,160 Speaker 4: It's not about learnings, but it's about the meme crase 38 00:02:06,240 --> 00:02:08,760 Speaker 4: and we really care about the theme craz it's beyond Meat, 39 00:02:09,000 --> 00:02:12,799 Speaker 4: the theories, b Y and the shares yesterday was up 40 00:02:12,840 --> 00:02:14,960 Speaker 4: as much as one hundred and twelve percent, and then 41 00:02:15,000 --> 00:02:17,520 Speaker 4: they ended up floor. Today they were down as much 42 00:02:17,520 --> 00:02:20,120 Speaker 4: as twenty three percent, and they're still down double ditches 43 00:02:20,639 --> 00:02:22,920 Speaker 4: and it's been a very volatile session. It's one of 44 00:02:22,919 --> 00:02:26,440 Speaker 4: those new favorite names. There was one investor, Dimitriya Manking, 45 00:02:26,520 --> 00:02:28,840 Speaker 4: who posted on social media and then there was a 46 00:02:28,840 --> 00:02:31,880 Speaker 4: whole retail craze. But we've seen so much volativity with 47 00:02:31,919 --> 00:02:34,919 Speaker 4: those momentum names like this boom started on Friday, it's 48 00:02:34,960 --> 00:02:38,040 Speaker 4: already fading. Like the Meme stock we've seen this year, 49 00:02:38,080 --> 00:02:41,600 Speaker 4: it's a little bit different, like less long lasting than 50 00:02:41,880 --> 00:02:43,800 Speaker 4: some of the trends we've seen before. I guess retail 51 00:02:43,840 --> 00:02:47,639 Speaker 4: traders are excited about many things like zero daid options 52 00:02:47,919 --> 00:02:50,200 Speaker 4: and so many others, but the stock is still down 53 00:02:50,240 --> 00:02:53,359 Speaker 4: about twenty percent this year. It's obviously very far from 54 00:02:53,400 --> 00:02:56,080 Speaker 4: the peak we saw during the pandemic. It received a 55 00:02:56,160 --> 00:02:59,920 Speaker 4: massive boost. People were ditching meat for those healthy ALTERNI 56 00:03:00,080 --> 00:03:01,840 Speaker 4: if it was such a craze like it was impossible 57 00:03:01,880 --> 00:03:05,359 Speaker 4: to find in restaurants. But now investors are culling down 58 00:03:05,440 --> 00:03:07,040 Speaker 4: and even meme traders are cooling down. 59 00:03:07,080 --> 00:03:08,600 Speaker 1: I mean, I'm just looking at the FA function on 60 00:03:08,600 --> 00:03:13,640 Speaker 1: the Bloomberg I mean declining revenue growth, you know, negative 61 00:03:13,639 --> 00:03:16,720 Speaker 1: free cash flow. Yeah, I don't know. 62 00:03:16,919 --> 00:03:18,239 Speaker 4: The fundamentals right now there. 63 00:03:18,320 --> 00:03:19,359 Speaker 1: Yeah, that's that's a. 64 00:03:19,280 --> 00:03:23,640 Speaker 3: Pretty telecom Also hearing from some telecoms companies of late 65 00:03:23,880 --> 00:03:26,040 Speaker 3: Tea Mobile. What's going on T Mobile today? 66 00:03:26,160 --> 00:03:29,560 Speaker 4: Yeah? T Mobile had a great turning support, but investors 67 00:03:29,600 --> 00:03:34,600 Speaker 4: weren't so excited. They expected better than expected subscribe subscriber growth, 68 00:03:35,400 --> 00:03:38,680 Speaker 4: but investor focused on increasing competition. Of course, this is 69 00:03:38,680 --> 00:03:43,280 Speaker 4: the number to operator. The ticker is TM US, so 70 00:03:43,320 --> 00:03:46,000 Speaker 4: it is down about three percent now. Uh, and the 71 00:03:46,040 --> 00:03:48,840 Speaker 4: fierce battle is of course with AT and TM Verizon. 72 00:03:48,960 --> 00:03:51,360 Speaker 4: They've been doing all those different deals to kind of 73 00:03:52,400 --> 00:03:55,960 Speaker 4: dango promotions to learn new customers. Of course, there's been 74 00:03:55,960 --> 00:03:59,080 Speaker 4: a new iPhone and that has kind of helped. According 75 00:03:59,120 --> 00:04:03,160 Speaker 4: to Timobile, it has added one million new mobile phone 76 00:04:03,200 --> 00:04:05,760 Speaker 4: subscribers in the three months at end of September, so 77 00:04:05,840 --> 00:04:09,160 Speaker 4: pretty strong. That said, their turn rate has reason a 78 00:04:09,200 --> 00:04:12,320 Speaker 4: little bit. AT and T said a similar thing, So 79 00:04:12,440 --> 00:04:16,440 Speaker 4: perhaps people are moving fast between different carriers. And Timobil's 80 00:04:16,480 --> 00:04:20,200 Speaker 4: average revenue per user is actually lower than what the 81 00:04:20,240 --> 00:04:24,760 Speaker 4: street expected, so perhaps that explains some of the disappointment here. 82 00:04:24,760 --> 00:04:27,360 Speaker 4: But yeah, interesting spakes to watch. Timobil is actually flat 83 00:04:27,440 --> 00:04:30,839 Speaker 4: year today and obviously a lot of pressure today after 84 00:04:31,279 --> 00:04:34,279 Speaker 4: earnings report that analysts were pretty optimistic about. 85 00:04:34,480 --> 00:04:36,880 Speaker 1: Yeah. That's kind of interesting, right, I mean, I feel 86 00:04:36,920 --> 00:04:39,080 Speaker 1: like we've seen a lot of earnings reports coming in 87 00:04:39,360 --> 00:04:41,600 Speaker 1: fairly decent, but this one maybe some questions. 88 00:04:41,600 --> 00:04:45,760 Speaker 3: But I also feel like with this space space yeah, yeah. 89 00:04:45,600 --> 00:04:47,880 Speaker 4: Yeah, yeah, one million customer Saturday, one quarter. 90 00:04:48,200 --> 00:04:50,320 Speaker 3: You think of like the big three wireless providers AT 91 00:04:50,400 --> 00:04:52,279 Speaker 3: and T, T Mobile and Verizon, but then you have 92 00:04:52,320 --> 00:04:55,479 Speaker 3: all these like smaller offshoots that end up just essentially 93 00:04:55,560 --> 00:04:59,320 Speaker 3: leasing capacity or leasing spectrum from exactly the big one, 94 00:04:59,400 --> 00:05:01,279 Speaker 3: so you you're paying them kind of no matter what. 95 00:05:01,560 --> 00:05:03,719 Speaker 4: I have so many of my friends actually using those. 96 00:05:03,760 --> 00:05:06,960 Speaker 4: It's fascinating. I wonder if it's generation exactly exactly. 97 00:05:07,120 --> 00:05:08,560 Speaker 1: I gotta tell you, I feel like you went through 98 00:05:08,560 --> 00:05:10,280 Speaker 1: the list. It's like been our carriers. I feel like 99 00:05:10,320 --> 00:05:11,880 Speaker 1: over the last couple of years, because we've been bouncing 100 00:05:11,920 --> 00:05:14,480 Speaker 1: around and it's just I'm never really happy. 101 00:05:14,680 --> 00:05:15,240 Speaker 3: Mount Loyal. 102 00:05:15,560 --> 00:05:15,839 Speaker 1: Wow. 103 00:05:17,400 --> 00:05:21,440 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 104 00:05:21,520 --> 00:05:24,080 Speaker 2: us throughout the day for the latest roundup of companies 105 00:05:24,160 --> 00:05:27,240 Speaker 2: making news on Wall Street and for the latest market 106 00:05:27,279 --> 00:05:31,719 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. 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