Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's stroll down to the stocks on the move today,
Speaker 3: and for that we go to Isabelle Lee boomer Cross
Speaker 3: as a reporter or what are you looking at?
Speaker 1: Carnival? It's etching lower by now, actually more than nine percent.
Speaker 1: Carnival upgraded. So Morgan Stanley upgraded Carnival rather to equal
Speaker 1: ways from underweight. So the analyst said that a lot
Speaker 1: of bad news seems to be priced into the Creuse
Speaker 1: stocks given share price to clients. So basically it's a
Speaker 1: risk reward looks fair now, But why is the stock
Speaker 1: plunging on this? They did reduce their price target to
Speaker 1: twenty one dollars from the previous twenty five dollars, and
Speaker 1: Creuse stocks in general have really seen a huge drop
Speaker 1: this year from here today highest averaging around forty one percent.
Speaker 1: But I feel like an analyst say this, you would
Speaker 1: want to steer clear of the crew sector when there's
Speaker 1: a recession or an imminet recession, because who would be
Speaker 1: taking cruises? Well, I think cruise people are pretty passionate people.
Speaker 1: I mean, it's almost like a utility to them.
Speaker 2: I don't know, but you're right, that's a discretionary spec
Speaker 2: I've never been to.
Speaker 3: A cruise either, no one here has, so we can't
Speaker 3: really say I'm Also, you've got a peril and furnishings
Speaker 3: also falling in the CPI, so if you put them
Speaker 3: all together, maybe you're seeing a little bit of broader
Speaker 3: weakness there. What else you're looking at?
Speaker 1: CarMax this is a big drop because it's down by
Speaker 1: almost seventeen percent, So they back away from the timing
Speaker 1: of their financial goals. They really just join a long
Speaker 1: list of companies doing that. Delta is a recent example.
Speaker 1: They pulled their twenty twenty five profit guidance. So CarMax
Speaker 1: is a used car retailer. They did make progress towards
Speaker 1: their target, they said they will, but they didn't give
Speaker 1: any timeline. Trump's, however, are expected to hit the auto
Speaker 1: sector in particular with a twenty five percent levey of imports.
Speaker 1: We have car buyers rushing to dealer lots last buck.
Speaker 1: So really this is we're going to see if drops
Speaker 1: even more today. But it's really suffering steep yeah.
Speaker 2: I mean, I bought my car a few weeks ago.
Speaker 2: I wasn't thinking about the tariffs, but maybe that was
Speaker 2: happening that maybe that was good timing. You know.
Speaker 3: He sounds like he bought the car for himself. Let's
Speaker 3: just be clear. This was an offspring.
Speaker 2: Purchase, right, Yeah, and we released it for the officers.
Speaker 3: But this was a very good elite at the end
Speaker 3: of the day. And also just goes to show in
Speaker 3: a tough tape, right, the story about Delton not having
Speaker 3: guidance very different than like a car max et cetera.
Speaker 1: What else. Lastly, Constellation so all stocks in the red.
Speaker 1: This is also in the red down four percent. So
Speaker 1: they are a beer, wine and spirits maker. They issued
Speaker 1: downbeat guidance, weighed by new tariffs and really muted demand.
Speaker 1: So the company expects earnings to be lower than estimates
Speaker 1: for twenty twenty six fiscal year. But this already factors
Speaker 1: in the tariffs, because we've also heard a lot of
Speaker 1: companies not factoring in tariffs. We have true with Security
Speaker 1: saying they were surprised that company offered guidance at all.
Speaker 1: Even before this, Constellation has been struggling with lackluster sales
Speaker 1: because we all know that alcohol demand has really been thinking.
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