WEBVTT - Lululemon Gains, LyondellBasell Rises, Gemini Drops After Citi Cuts Price Target

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's get a sense of kind of what's moving out

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<v Speaker 1>there on the individual stock club.

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<v Speaker 2>We could do that today with Bloomberg's.

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<v Speaker 3>Natalia Kenny Jevich, Natali, what are you looking at today, guys?

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<v Speaker 3>Of course, retail isn't focus today. Let's start with Lulu LeMans.

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<v Speaker 3>The ticker's lul ushers are down by our up, excuse me,

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<v Speaker 3>by three percent. So the company reported net revenue for

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<v Speaker 3>the America's which was done by four percent. Then net

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<v Speaker 3>revenue forecast for the full year actually came way below expectations.

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<v Speaker 3>Bloomberg Intelligence is saying that this basically reflects difficulties for

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<v Speaker 3>the company to reset its US business. However, international sales

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<v Speaker 3>grew strong, specifically China, but as many analysts pointed out,

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<v Speaker 3>that's not enough to counter the US weakness. And of course,

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<v Speaker 3>everyone wants to see a new CEO. Some analysts expected

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<v Speaker 3>that this new announcement would come today, but it didn't happen,

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<v Speaker 3>and many analysts, including Jeffries, are saying that without a

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<v Speaker 3>credible permanent CEO. Convictions states low and the stock looks

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<v Speaker 3>like quote dead money.

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<v Speaker 1>Yeah, it's just kind of rudderless. And you know that

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<v Speaker 1>at least for now, when you go into the stores,

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<v Speaker 1>not a whole lot of selection. All right, Natali. You're

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<v Speaker 1>also looking at a company whose stock looks like it's

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<v Speaker 1>up seventy percent so far this year, lind Ol Basil.

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<v Speaker 3>Yes, so this is a company that produces plastic chemical

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<v Speaker 3>fuel products. This is very such a hot topic right

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<v Speaker 3>now considering the Middle Eas crisis. So the stock is

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<v Speaker 3>up by three percent a day. The ticker is LYB.

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<v Speaker 3>So we saw that UBS upgraded the chemical chemical company

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<v Speaker 3>to neutral from sell. They also increased price target to

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<v Speaker 3>seventy three dollars from forty two, so that's a pretty

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<v Speaker 3>big move. So they say that overall, as of now,

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<v Speaker 3>they still see some kind of oversupply and petrochemical business.

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<v Speaker 3>But if this conflict in the Middle East, you know,

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<v Speaker 3>stays for longer, we may see really tight supplies for

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<v Speaker 3>much of this year. As a result, they expect excess

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<v Speaker 3>free cash flow for the company for twenty twenty six,

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<v Speaker 3>and many analysts are just saying that the scale of

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<v Speaker 3>supply shock in chemicals market is just underestimated right now.

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<v Speaker 3>So I hope you guys will book this company for

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<v Speaker 3>your show. I think it could be a really interesting conversation.

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<v Speaker 2>Really moving hard.

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<v Speaker 3>There I one more one more, of course, scrypto. We

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<v Speaker 3>look at company Gemini space Station. The tickers GEMI shares

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<v Speaker 3>a down by fifteen percent today. City Group analysts cut

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<v Speaker 3>recommendation to the crypto exchange to sell from mutual price

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<v Speaker 3>target was lowered to five fifty from thirteen. Again, it's

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<v Speaker 3>a pretty big down rate, so they say that they

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<v Speaker 3>see increase increased concerns about company's profitability. They say that

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<v Speaker 3>expected revenue for twenty twenty six can be lowered. Volumes

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<v Speaker 3>are down due to crypto prices. But what I found

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<v Speaker 3>also really interesting that CDM lowered twelvemonth bitcoin price to

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<v Speaker 3>one hundred twelve thousand from one hundred thirty or forty

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<v Speaker 3>three thousand, which is still really optimistic considering the where

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<v Speaker 3>crypto is now.

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<v Speaker 1>Yeaes seventy one thousand for pitcoin at the moment.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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