Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.
Speaker 1: Let's get a sense of kind of what's moving out
Speaker 1: there on the individual stock club.
Speaker 2: We could do that today with Bloomberg's.
Speaker 3: Natalia Kenny Jevich, Natali, what are you looking at today, guys?
Speaker 3: Of course, retail isn't focus today. Let's start with Lulu LeMans.
Speaker 3: The ticker's lul ushers are down by our up, excuse me,
Speaker 3: by three percent. So the company reported net revenue for
Speaker 3: the America's which was done by four percent. Then net
Speaker 3: revenue forecast for the full year actually came way below expectations.
Speaker 3: Bloomberg Intelligence is saying that this basically reflects difficulties for
Speaker 3: the company to reset its US business. However, international sales
Speaker 3: grew strong, specifically China, but as many analysts pointed out,
Speaker 3: that's not enough to counter the US weakness. And of course,
Speaker 3: everyone wants to see a new CEO. Some analysts expected
Speaker 3: that this new announcement would come today, but it didn't happen,
Speaker 3: and many analysts, including Jeffries, are saying that without a
Speaker 3: credible permanent CEO. Convictions states low and the stock looks
Speaker 3: like quote dead money.
Speaker 1: Yeah, it's just kind of rudderless. And you know that
Speaker 1: at least for now, when you go into the stores,
Speaker 1: not a whole lot of selection. All right, Natali. You're
Speaker 1: also looking at a company whose stock looks like it's
Speaker 1: up seventy percent so far this year, lind Ol Basil.
Speaker 3: Yes, so this is a company that produces plastic chemical
Speaker 3: fuel products. This is very such a hot topic right
Speaker 3: now considering the Middle Eas crisis. So the stock is
Speaker 3: up by three percent a day. The ticker is LYB.
Speaker 3: So we saw that UBS upgraded the chemical chemical company
Speaker 3: to neutral from sell. They also increased price target to
Speaker 3: seventy three dollars from forty two, so that's a pretty
Speaker 3: big move. So they say that overall, as of now,
Speaker 3: they still see some kind of oversupply and petrochemical business.
Speaker 3: But if this conflict in the Middle East, you know,
Speaker 3: stays for longer, we may see really tight supplies for
Speaker 3: much of this year. As a result, they expect excess
Speaker 3: free cash flow for the company for twenty twenty six,
Speaker 3: and many analysts are just saying that the scale of
Speaker 3: supply shock in chemicals market is just underestimated right now.
Speaker 3: So I hope you guys will book this company for
Speaker 3: your show. I think it could be a really interesting conversation.
Speaker 2: Really moving hard.
Speaker 3: There I one more one more, of course, scrypto. We
Speaker 3: look at company Gemini space Station. The tickers GEMI shares
Speaker 3: a down by fifteen percent today. City Group analysts cut
Speaker 3: recommendation to the crypto exchange to sell from mutual price
Speaker 3: target was lowered to five fifty from thirteen. Again, it's
Speaker 3: a pretty big down rate, so they say that they
Speaker 3: see increase increased concerns about company's profitability. They say that
Speaker 3: expected revenue for twenty twenty six can be lowered. Volumes
Speaker 3: are down due to crypto prices. But what I found
Speaker 3: also really interesting that CDM lowered twelvemonth bitcoin price to
Speaker 3: one hundred twelve thousand from one hundred thirty or forty
Speaker 3: three thousand, which is still really optimistic considering the where
Speaker 3: crypto is now.
Speaker 1: Yeaes seventy one thousand for pitcoin at the moment.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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