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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move

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Speaker 3: today with us as Bloomberg News Cross Asset reporter Isabelle Lee.

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Speaker 4: What's on your radar?

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Speaker 5: Isabelle At Follo, so shares are edging lower by as

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Speaker 5: much as seventeen percent. That's the most since twenty twenty,

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Speaker 5: or at least twenty twenty. So I have the application

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Speaker 5: software company reported first quarter results that's basically miss expectations.

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Speaker 5: They reported EPs and sales below estimates, but for the

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Speaker 5: year ahead they still see revenue at around nine hundred

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Speaker 5: and twenty million to nine hundred and forty million dollars.

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Speaker 5: So that's kind of what estimate guys do. They're an

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Speaker 5: application software company, so that.

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Speaker 1: Whole application stay. No, I feel like it's just like

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Speaker 1: a dump of company's a lot of them. I know

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Speaker 1: they all come out with their earnings and I know

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Speaker 1: they're important, but I'm like, who what we're in?

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Speaker 4: Okay?

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Speaker 1: So at Follio, so I try to personally.

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Speaker 3: Let's say, you have like a real estate portfolio or

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Speaker 3: something of like rental homes. Maybe the manager of the

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Speaker 3: real estate portfolio will send you documents using AppFolio or

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Speaker 3: something like that.

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Speaker 4: Also like keep everything together.

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Speaker 1: Oh okay, so kind of like it would goes well

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Speaker 1: with like DocuSign or something.

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Speaker 3: Well, DocuSign you would use just to sign the documents.

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Speaker 3: But if the real estate manager needs to show profit

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Speaker 3: and loss and like a bunch of docs that we're

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Speaker 3: signed by DocuSign, they might use that folio organized.

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Speaker 1: And it's kind of private, right, like not everybody can

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Speaker 1: access it. Okay, well said so, and I didn't feel that.

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Speaker 4: Oh she didn't feel a man's plain. That's good. Oh,

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Speaker 4: thank you, Carol. It's called tim splaining, by the way.

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Speaker 5: Okay, so the results are not good. But you're right,

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Speaker 5: you're not consumer facing companies. Yeah, I feel like all

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Speaker 5: of us we just as almost things are working well,

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Speaker 5: then we don't really care about what makes them more.

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Speaker 1: But you're right, but these are the things that are

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Speaker 1: like so crucial for us getting stuff done. All right,

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Speaker 1: cr I, where do we want to go? Tick her?

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Speaker 5: Yes, So that's card edging lower by eleven. So this

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Speaker 5: isn't a children's apparel company. So that's easier to understand.

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Speaker 5: You guys would.

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Speaker 1: Know, Carter. Can I just tell you they had these

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Speaker 1: cute little pajamas when we were younger, my older sisters,

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Speaker 1: and it was like long legs, and they would just

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Speaker 1: put them in like it was like a long Okay,

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Speaker 1: they would wear it like it was a tight little skirt.

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Speaker 1: I didn't know of this brand.

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Speaker 5: So I'm not in the market just yet.

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Speaker 4: Ever.

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Speaker 5: Beat up shares are edging lawer, but eleven percent they

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Speaker 5: suspend their financial guidance.

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Speaker 1: Thirty eight percent this year.

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Speaker 5: This year, yes, and just today it's eleven percent they

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Speaker 5: suspended their financial guidance. A lot of companies have done that.

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Speaker 5: I think it's becoming a trend. Actually, last week we

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Speaker 5: also saw a company who had a dual guidance, one

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Speaker 5: for a tiff scenario and one for a non Tireff scenario.

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Speaker 5: And right, that's one way of putting it. And also

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Speaker 5: they have a CEO transition and really tire of uncertainty.

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Speaker 5: So they said that the current Tireff situation has introduced

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Speaker 5: substantial uncertainty. I feel like that's also the trending word

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Speaker 5: these days, and they just really can't predict their outlook.

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Speaker 1: I'm curious. Did you so you bought a lot of

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Speaker 1: Carter stuff too?

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Speaker 4: Yeah, bought were given hand me down.

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Speaker 1: I don't know how old it is. It's been around

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Speaker 1: for an awfully long time, and I feel like there's

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Speaker 1: so much competition today.

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Speaker 3: Yeah, and there's competition, and that stuff is likely imported.

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Speaker 3: I mean, no question, So given what's going on with

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Speaker 3: no question? And if I want to guess when it

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Speaker 3: was founded nineteen thirty five, nineteen.

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Speaker 1: Fifty no older?

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Speaker 4: Okay?

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Speaker 1: What founded in eighteen sixty five by William Carter?

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Speaker 4: Okay, Bill Carter?

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Speaker 1: Okay, Sorry.

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Speaker 5: I tried to look up their outfits and they're cute.

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Speaker 5: When I buy for my nieces and nephews, I just,

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Speaker 5: honestly my number one criteria and is what delivers online.

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Speaker 1: Oh okay, yeah, I totally get that. I totally get that.

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Speaker 1: Got another name for.

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Speaker 5: Us last Essayah, I tried to look up how to

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Speaker 5: pronounce it, but I think I'm correct. So shares are

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Speaker 5: down thirty two percent. That's the most since two thousand

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Speaker 5: and two. This is a trucking company. They reported revenue

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Speaker 5: and earnings that misestimates and EPs as well, and again

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Speaker 5: they sided holy mons are the macroeconomic environment. It's wild.

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Speaker 5: This is the largest plunge out of the three stocks

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Speaker 5: I'm talking about. And then they also said that because

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Speaker 5: of the environment, they didn't really see typical sequential growth

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Speaker 5: and shipments through the quarter, so it really muddies everything.

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Speaker 5: And also in harsh winters in southern areas that's affecting it.

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Speaker 5: And we have Barclay saying that the results were much

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Speaker 5: worse than expected. We have BMO downgrading the stock and

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Speaker 5: writing that the challenges appear specific to the company. So

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Speaker 5: that's what interesting to me, because why is it specific?

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Speaker 3: You know what's interesting to me is you pick three

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Speaker 3: stocks that were lower, and this is a day when

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Speaker 3: we're seeing the indexes up, the S and P up

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Speaker 3: six tens of a percent, the Dow is flat, the

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Speaker 3: nasdac's up, but the majority of stocks in the S

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Speaker 3: and P five hundred are lower today. So what the

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Speaker 3: indexes are telling us isn't necessarily representative what's happening.

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Speaker 4: Megacap Tech is helping power the market.

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Speaker 5: It's really it balls down to that. The concentration, I

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Speaker 5: mean it has fallen a little bit, but still it's

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Speaker 5: historic and unprecedented. The level of concentration we're seeing.

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Speaker 1: Is that one of your decliners today?

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Speaker 4: You know, none of those are my decliners. But I'm

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Speaker 4: thinking about change.

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Speaker 3: I'm thinking about changing because I'm thinking about change because

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Speaker 3: these are some pretty good ones.

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Speaker 1: That's a great one too. I mean, we love I

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Speaker 1: love transports, love trucking.

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Speaker 4: Bloomberg Intelligence.

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Speaker 3: He joined us yesterday to talk about the challenges that

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Speaker 3: are facing trucking. We asked him, is the trucking industry

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Speaker 3: or is our logistics sort of trucking industry?

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Speaker 4: Is it like exiting every session?

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Speaker 5: He said, no, Yes, I think ups. We also talked

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Speaker 5: about yesterday. It's honestly, it's really touch on a certain time.

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Speaker 5: It's scary but exciting for journalists.

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Speaker 1: Yeah, wait to cover, no doubt. Great group of stocks.

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Speaker 1: Thank you so much. Isabelle Bloomberg News process at Reporter.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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