WEBVTT - Starbucks Struggles; Snap Headwinds; Super Micro Computer Scare

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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<v Speaker 1>your roundup of companies making moves in the stock market.

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<v Speaker 1>Harnessing the power of Bloomberg Data.

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<v Speaker 2>In the depths of the earning season, stock mover is

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<v Speaker 2>ever more important right now. Lisa Manteo, all right, we'll

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<v Speaker 2>start with super micro Computer because their shares have been

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<v Speaker 2>down as much as eighteen percent before the open, and

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<v Speaker 2>this is a sign that it's comeback plan that it

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<v Speaker 2>was really talking about is a little bit slow. Preliminary

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<v Speaker 2>results missed estimates, just a specific sales four and a

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<v Speaker 2>half billion to four point six billion in the fiscal

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<v Speaker 2>third quarter. But the thing is that this is a

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<v Speaker 2>company that was an AI favorite for a lot of

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<v Speaker 2>investors because it saw this spike in demand for servers

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<v Speaker 2>with these high powered chips that really needed to run

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<v Speaker 2>the AI workloads. Is it a meme stock? Is it?

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<v Speaker 1>Me? Me?

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<v Speaker 2>I didn't think it was mem I think it was

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<v Speaker 2>just a whole tech aspect of it. But the problem

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<v Speaker 2>is is that now they're saying that a lot of

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<v Speaker 2>customers are delaying their purchases, so that's pushing the shares

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<v Speaker 2>lower this morning. So that's a difference network. So what's

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<v Speaker 2>it mean for Apple and Microsoft run for government? Does

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<v Speaker 2>Lisa know something we don't know?

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<v Speaker 1>Maybe Pa Sure next.

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<v Speaker 2>Reached Elsey and Snap this is my kids are on

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<v Speaker 2>the Snapchat app a lot. I gotta tell you this

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<v Speaker 2>social media app. The shares are off as much as

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<v Speaker 2>fourteen percent, so it narrowly beat analyssessments for the quarter.

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<v Speaker 2>Revenue did not issue a sales forecast for the current period.

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<v Speaker 2>So commonly talked about things, right, We've heard about it.

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<v Speaker 2>They all say macroeconomic headwinds, economic volatility, but the real

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<v Speaker 2>problem for them were advertisers pulling back their spending. So

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<v Speaker 2>that's their issue discretion, Yeah, it definitely is. The Trump

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<v Speaker 2>administration had those They change the rule that exempts the

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<v Speaker 2>imports from China Hong Kong for towers that are worse

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<v Speaker 2>less than eight hundred dollars, so that changes starting in May.

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<v Speaker 2>So that's going to be a factor.

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<v Speaker 1>Bloomberg serving clarification Snap is not affiliated.

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<v Speaker 2>Was snap On incorporated a Kenoshia wisconsole. That's or Lisa

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<v Speaker 2>Matteofisers socket wrenches, Good morning, snap On tools new and

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<v Speaker 2>then I want to move to Starbucks another favorite? Yes, yes,

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<v Speaker 2>So the thing is is that. You know, the chief officer,

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<v Speaker 2>Brian Nickel, he's been put in this business right trying

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<v Speaker 2>to turn around the company. Earnings per share miss same

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<v Speaker 2>store sales declined, but he says they're showing a lot

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<v Speaker 2>of behind the scenes progress. You know, if you walked

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<v Speaker 2>into a Starbucks lately, you've seen they've kind of changed

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<v Speaker 2>the cafes. They're trying to make them more welcoming. They're

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<v Speaker 2>doodling again. You pointed out on the on the on

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<v Speaker 2>the cups a little bit, going back to how that

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<v Speaker 2>used to be. You know, that made you feel good

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<v Speaker 2>when you came in and you got your cup of coffee.

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<v Speaker 2>Do they want unemployed offspring with their laptops sitting in

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<v Speaker 2>a Starbucks for six hours? I think they're trying to

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<v Speaker 2>get back to it because what they were doing is

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<v Speaker 2>going to these smaller types stores. They were going to

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<v Speaker 2>the smaller ones where it's just a drive through, and

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<v Speaker 2>now they're trying to expand on little the one. I

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<v Speaker 2>go to thirty five Wall Township, Jersey, awesome store. Everybody's

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<v Speaker 2>in the drive through. There's twenty cars in the drive through.

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<v Speaker 2>I went at Park, I walk in, I talked to

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<v Speaker 2>a nice young person, I order my drink. A minute

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<v Speaker 2>later it's there. It was black coffee. What's that You're

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<v Speaker 2>having a black corm having a double short moket And

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<v Speaker 2>that's how That's how I rolled. Then I'll spend without

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<v Speaker 2>the baisies. Yeah, exactly one more squeezing, but I do okay.

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<v Speaker 2>So for all the cruisers out there who go in there, rich,

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<v Speaker 2>thank you very much. They're Norwegian cruise design down as

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<v Speaker 2>much as twenty percent in pre market. Now you remember

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<v Speaker 2>yesterday right, you had Royal Caribbean. They said the cruise

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<v Speaker 2>industry is booming, it's great. Carnival last month said they're

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<v Speaker 2>giving an upbeat outlook. Norwegian says Demanda is falling off.

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<v Speaker 2>So they see us softening their twelve months forward bookings.

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<v Speaker 2>It says ticket sales are kind of within that optimal range.

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<v Speaker 2>It did maintain it's full of your targets, but it's

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<v Speaker 2>fully shares of Carnival ower this morning too. And if

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<v Speaker 2>you think about it, the airline industry, you know you've

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<v Speaker 2>seen the whole travel kind of spectrum HISTORYNUS cruise no

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<v Speaker 2>matter what, yeahses like he doesn't c places that no

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<v Speaker 2>one wants to live.

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