Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data.
Speaker 2: Let's second look at what are the some of the
Speaker 2: stocks are moving today. We can do that with Carmen Ryanicky,
Speaker 2: Deputy team leader for US Equities, joined us here in studio. Carmen,
Speaker 2: what are you looking at? Yeah? So the first one
Speaker 2: we're looking at today, A really incredible drop here is
Speaker 2: shake Shack. So this is ticker shak shares our down
Speaker 2: about thirty percent right now. This is the largest drop
Speaker 2: on record for the company, and it's bringing the stock
Speaker 2: to the lowest level since early in twenty twenty four,
Speaker 2: So really significant here. So the company had earnings this morning.
Speaker 2: It reported first quarter revenue. The missed expectations and the
Speaker 2: reasons why I think are interesting here. So it is
Speaker 2: higher costs of beef for rising beef costs and inclement weather,
Speaker 2: so huge impact. Actually, I guess if weather is bad,
Speaker 2: people are just not going out to eat hicksheck, but
Speaker 2: they'll go to other places like McDonald's, which is doing
Speaker 2: just fine. Right. I don't know, it's just that shake
Speaker 2: Check well, McDonald's has a drive through.
Speaker 1: All right, right, So that's that's right.
Speaker 2: What else we got? All right? So speaking of AI,
Speaker 2: great segue, let's talk about Data Dog ticker. DDOG shares
Speaker 2: are up thirty one percent right now. This is the
Speaker 2: most since November twenty twenty three. This company also had
Speaker 2: earnings this morning, so it raised its fullier outlook for
Speaker 2: sales and earnings, much ahead of Wall Street's expectations. And
Speaker 2: it looks like one of the things here is that
Speaker 2: they are injecting AI. Data Dog sales cloud based platforms
Speaker 2: that helps companies, it teams monitor their systems. So this
Speaker 2: is interesting because we've seen such you know, software takes
Speaker 2: such a hit in a lot of the first part
Speaker 2: of this year here, and so Data Dog has gotten
Speaker 2: sort of swept back up in the uptick that we've
Speaker 2: seen in sort of all these AI stocks since really
Speaker 2: like March thirtieth. But obviously seeing a really incredible game
Speaker 2: today from this really bullish.
Speaker 1: Outlook software AI higher. That's all we need to know
Speaker 1: about that name.
Speaker 2: Yep.
Speaker 1: It looks like City Group is holding some kind of
Speaker 1: investor day.
Speaker 2: Yep, they're holding an investor day today. So the stock
Speaker 2: is up about a quarter of a percent right now.
Speaker 2: It was down earlier this morning. It's been bouncing around
Speaker 2: a lot. Initially, investors were reacting to the the bank
Speaker 2: issuing a new guidance, saying that it would take the
Speaker 2: lender more time to catch up to Wall Street peers.
Speaker 2: So this is ticker c. Also, it seems like there
Speaker 2: also might be some dip buying here, as you mentioned
Speaker 2: there is the company does have a conference today, also
Speaker 2: noted so our banking reporter on the equities team flag
Speaker 2: to that. Mike Mayo, Wells Fargo analyst said that he'd
Speaker 2: be a buyer on weakness in shares of City Group.
Speaker 2: He's a bull on this name. So we're seeing the
Speaker 2: stock bounce around a little bit, but obviously a really
Speaker 2: important name to watch in if that supor.
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