Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market.
Speaker 1: Harnessing the power of Bloomberg Data.
Speaker 2: In the depths of the earning season, stock mover is
Speaker 2: ever more important right now. Lisa Manteo, all right, we'll
Speaker 2: start with super micro Computer because their shares have been
Speaker 2: down as much as eighteen percent before the open, and
Speaker 2: this is a sign that it's comeback plan that it
Speaker 2: was really talking about is a little bit slow. Preliminary
Speaker 2: results missed estimates, just a specific sales four and a
Speaker 2: half billion to four point six billion in the fiscal
Speaker 2: third quarter. But the thing is that this is a
Speaker 2: company that was an AI favorite for a lot of
Speaker 2: investors because it saw this spike in demand for servers
Speaker 2: with these high powered chips that really needed to run
Speaker 2: the AI workloads. Is it a meme stock? Is it?
Speaker 1: Me? Me?
Speaker 2: I didn't think it was mem I think it was
Speaker 2: just a whole tech aspect of it. But the problem
Speaker 2: is is that now they're saying that a lot of
Speaker 2: customers are delaying their purchases, so that's pushing the shares
Speaker 2: lower this morning. So that's a difference network. So what's
Speaker 2: it mean for Apple and Microsoft run for government? Does
Speaker 2: Lisa know something we don't know?
Speaker 1: Maybe Pa Sure next.
Speaker 2: Reached Elsey and Snap this is my kids are on
Speaker 2: the Snapchat app a lot. I gotta tell you this
Speaker 2: social media app. The shares are off as much as
Speaker 2: fourteen percent, so it narrowly beat analyssessments for the quarter.
Speaker 2: Revenue did not issue a sales forecast for the current period.
Speaker 2: So commonly talked about things, right, We've heard about it.
Speaker 2: They all say macroeconomic headwinds, economic volatility, but the real
Speaker 2: problem for them were advertisers pulling back their spending. So
Speaker 2: that's their issue discretion, Yeah, it definitely is. The Trump
Speaker 2: administration had those They change the rule that exempts the
Speaker 2: imports from China Hong Kong for towers that are worse
Speaker 2: less than eight hundred dollars, so that changes starting in May.
Speaker 2: So that's going to be a factor.
Speaker 1: Bloomberg serving clarification Snap is not affiliated.
Speaker 2: Was snap On incorporated a Kenoshia wisconsole. That's or Lisa
Speaker 2: Matteofisers socket wrenches, Good morning, snap On tools new and
Speaker 2: then I want to move to Starbucks another favorite? Yes, yes,
Speaker 2: So the thing is is that. You know, the chief officer,
Speaker 2: Brian Nickel, he's been put in this business right trying
Speaker 2: to turn around the company. Earnings per share miss same
Speaker 2: store sales declined, but he says they're showing a lot
Speaker 2: of behind the scenes progress. You know, if you walked
Speaker 2: into a Starbucks lately, you've seen they've kind of changed
Speaker 2: the cafes. They're trying to make them more welcoming. They're
Speaker 2: doodling again. You pointed out on the on the on
Speaker 2: the cups a little bit, going back to how that
Speaker 2: used to be. You know, that made you feel good
Speaker 2: when you came in and you got your cup of coffee.
Speaker 2: Do they want unemployed offspring with their laptops sitting in
Speaker 2: a Starbucks for six hours? I think they're trying to
Speaker 2: get back to it because what they were doing is
Speaker 2: going to these smaller types stores. They were going to
Speaker 2: the smaller ones where it's just a drive through, and
Speaker 2: now they're trying to expand on little the one. I
Speaker 2: go to thirty five Wall Township, Jersey, awesome store. Everybody's
Speaker 2: in the drive through. There's twenty cars in the drive through.
Speaker 2: I went at Park, I walk in, I talked to
Speaker 2: a nice young person, I order my drink. A minute
Speaker 2: later it's there. It was black coffee. What's that You're
Speaker 2: having a black corm having a double short moket And
Speaker 2: that's how That's how I rolled. Then I'll spend without
Speaker 2: the baisies. Yeah, exactly one more squeezing, but I do okay.
Speaker 2: So for all the cruisers out there who go in there, rich,
Speaker 2: thank you very much. They're Norwegian cruise design down as
Speaker 2: much as twenty percent in pre market. Now you remember
Speaker 2: yesterday right, you had Royal Caribbean. They said the cruise
Speaker 2: industry is booming, it's great. Carnival last month said they're
Speaker 2: giving an upbeat outlook. Norwegian says Demanda is falling off.
Speaker 2: So they see us softening their twelve months forward bookings.
Speaker 2: It says ticket sales are kind of within that optimal range.
Speaker 2: It did maintain it's full of your targets, but it's
Speaker 2: fully shares of Carnival ower this morning too. And if
Speaker 2: you think about it, the airline industry, you know you've
Speaker 2: seen the whole travel kind of spectrum HISTORYNUS cruise no
Speaker 2: matter what, yeahses like he doesn't c places that no
Speaker 2: one wants to live.
Speaker 1: The stock movers podcast from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street, and for the latest market
Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 1: the Bloomberg Business app.