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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 stroll down to the stocks on the move today,

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Speaker 3: and for that we go to Isabelle Lee boomer Cross

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Speaker 3: as a reporter or what are you looking at?

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Speaker 1: Carnival? It's etching lower by now, actually more than nine percent.

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Speaker 1: Carnival upgraded. So Morgan Stanley upgraded Carnival rather to equal

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Speaker 1: ways from underweight. So the analyst said that a lot

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Speaker 1: of bad news seems to be priced into the Creuse

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Speaker 1: stocks given share price to clients. So basically it's a

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Speaker 1: risk reward looks fair now, But why is the stock

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Speaker 1: plunging on this? They did reduce their price target to

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Speaker 1: twenty one dollars from the previous twenty five dollars, and

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Speaker 1: Creuse stocks in general have really seen a huge drop

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Speaker 1: this year from here today highest averaging around forty one percent.

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Speaker 1: But I feel like an analyst say this, you would

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Speaker 1: want to steer clear of the crew sector when there's

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Speaker 1: a recession or an imminet recession, because who would be

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Speaker 1: taking cruises? Well, I think cruise people are pretty passionate people.

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Speaker 1: I mean, it's almost like a utility to them.

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Speaker 2: I don't know, but you're right, that's a discretionary spec

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Speaker 2: I've never been to.

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Speaker 3: A cruise either, no one here has, so we can't

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Speaker 3: really say I'm Also, you've got a peril and furnishings

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Speaker 3: also falling in the CPI, so if you put them

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Speaker 3: all together, maybe you're seeing a little bit of broader

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Speaker 3: weakness there. What else you're looking at?

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Speaker 1: CarMax this is a big drop because it's down by

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Speaker 1: almost seventeen percent, So they back away from the timing

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Speaker 1: of their financial goals. They really just join a long

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Speaker 1: list of companies doing that. Delta is a recent example.

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Speaker 1: They pulled their twenty twenty five profit guidance. So CarMax

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Speaker 1: is a used car retailer. They did make progress towards

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Speaker 1: their target, they said they will, but they didn't give

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Speaker 1: any timeline. Trump's, however, are expected to hit the auto

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Speaker 1: sector in particular with a twenty five percent levey of imports.

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Speaker 1: We have car buyers rushing to dealer lots last buck.

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Speaker 1: So really this is we're going to see if drops

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Speaker 1: even more today. But it's really suffering steep yeah.

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Speaker 2: I mean, I bought my car a few weeks ago.

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Speaker 2: I wasn't thinking about the tariffs, but maybe that was

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Speaker 2: happening that maybe that was good timing. You know.

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Speaker 3: He sounds like he bought the car for himself. Let's

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Speaker 3: just be clear. This was an offspring.

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Speaker 2: Purchase, right, Yeah, and we released it for the officers.

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Speaker 3: But this was a very good elite at the end

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Speaker 3: of the day. And also just goes to show in

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Speaker 3: a tough tape, right, the story about Delton not having

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Speaker 3: guidance very different than like a car max et cetera.

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Speaker 1: What else. Lastly, Constellation so all stocks in the red.

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Speaker 1: This is also in the red down four percent. So

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Speaker 1: they are a beer, wine and spirits maker. They issued

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Speaker 1: downbeat guidance, weighed by new tariffs and really muted demand.

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Speaker 1: So the company expects earnings to be lower than estimates

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Speaker 1: for twenty twenty six fiscal year. But this already factors

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Speaker 1: in the tariffs, because we've also heard a lot of

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Speaker 1: companies not factoring in tariffs. We have true with Security

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Speaker 1: saying they were surprised that company offered guidance at all.

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Speaker 1: Even before this, Constellation has been struggling with lackluster sales

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Speaker 1: because we all know that alcohol demand has really been thinking.

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

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Speaker 2: us throughout the day for the latest roundup of companies

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