1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

2
00:00:08,560 --> 00:00:12,440
Speaker 2: The Stock Movers Report, your roundup of companies making moves

3
00:00:12,480 --> 00:00:17,239
Speaker 2: in the stock market, harnessing the power of Bloomberg Data Steak.

4
00:00:17,320 --> 00:00:20,079
Speaker 1: Along with Carol Masser, we're joined by Bloomberg News Equities

5
00:00:20,120 --> 00:00:24,239
Speaker 1: reporter Avalon Pronell For some stocks on the move, what'd

6
00:00:24,239 --> 00:00:24,640
Speaker 1: you find?

7
00:00:25,040 --> 00:00:27,200
Speaker 3: Well, we can start off with Abercrombie and Fitch. That's

8
00:00:27,200 --> 00:00:29,960
Speaker 3: ticker A and F. It's slighting now about three point

9
00:00:30,000 --> 00:00:31,600
Speaker 3: eight percent, but earlier in the day was done as

10
00:00:31,640 --> 00:00:35,280
Speaker 3: much as nine percent after forecasting first quarter net sales

11
00:00:35,320 --> 00:00:39,120
Speaker 3: growth and profits that missed estimates. And part of that

12
00:00:39,200 --> 00:00:41,519
Speaker 3: is because of Hollister, which, for those who aren't familiar,

13
00:00:41,560 --> 00:00:45,560
Speaker 3: is the store chain that's really popular among teens and tweens.

14
00:00:44,240 --> 00:00:45,520
Speaker 4: Times.

15
00:00:45,840 --> 00:00:49,800
Speaker 1: This is I'm a little bit of an older demographic.

16
00:00:49,880 --> 00:00:50,879
Speaker 4: Can you just shop there?

17
00:00:50,960 --> 00:00:54,560
Speaker 1: No, oh, that was even before my time. But Abercrombie

18
00:00:54,560 --> 00:00:56,600
Speaker 1: Cargo shorts for like my time in high school, and

19
00:00:56,640 --> 00:00:59,440
Speaker 1: it was it was like four iterations ago of Abercrombie.

20
00:00:59,520 --> 00:01:01,120
Speaker 1: But we digress, as we always do.

21
00:01:01,160 --> 00:01:04,679
Speaker 4: Out wekay please, So getting smacked today down about twenty

22
00:01:04,680 --> 00:01:05,520
Speaker 4: four percent year.

23
00:01:05,319 --> 00:01:08,560
Speaker 3: Today exactly exactly. And management also mentioned that they are

24
00:01:08,600 --> 00:01:12,160
Speaker 3: monitoring the Middle East conflict and potentially even anticipating a

25
00:01:12,160 --> 00:01:14,840
Speaker 3: small sales headwind in the first quarter. I will note

26
00:01:14,840 --> 00:01:17,000
Speaker 3: that they actually opened their first store in Dubai in

27
00:01:17,040 --> 00:01:17,720
Speaker 3: twenty fifteen.

28
00:01:18,200 --> 00:01:20,240
Speaker 4: Ah okay, so it's been up and running for over

29
00:01:20,280 --> 00:01:22,560
Speaker 4: a decade, right, Exactly interesting to see that, all right,

30
00:01:22,600 --> 00:01:25,520
Speaker 4: So listen retailers. It's not always the same story, but

31
00:01:25,560 --> 00:01:27,400
Speaker 4: it's good to get a feel in terms of which

32
00:01:27,440 --> 00:01:30,800
Speaker 4: consumers and what they're feeling. At this point, let's go

33
00:01:30,880 --> 00:01:32,320
Speaker 4: to ticker WIS.

34
00:01:32,400 --> 00:01:36,600
Speaker 3: Yes, wix dot com ticker wis very easy Wix jumping

35
00:01:36,760 --> 00:01:39,160
Speaker 3: twelve percent for its biggest inter day leaps since twenty

36
00:01:39,200 --> 00:01:43,360
Speaker 3: twenty four. That's because it reported really strong top line results.

37
00:01:43,640 --> 00:01:47,320
Speaker 3: More specifically, it's websites builders like AI power platform Base

38
00:01:47,400 --> 00:01:50,400
Speaker 3: forty four was largely to think it surpassed one hundred

39
00:01:50,440 --> 00:01:54,920
Speaker 3: million dollars of annual recurring revenue way before their initial expectations,

40
00:01:54,920 --> 00:01:57,120
Speaker 3: which were for the end of twenty twenty six. End

41
00:01:57,120 --> 00:01:59,720
Speaker 3: of this year, so Alys said that despite having a

42
00:01:59,760 --> 00:02:02,480
Speaker 3: slighth mixed quarter, they are very much encouraged by the

43
00:02:02,480 --> 00:02:06,520
Speaker 3: sustained momentum as WIS continues to meaningfully invest in growth.

44
00:02:07,040 --> 00:02:09,880
Speaker 1: Okay, so that is WIS and uh, I guess there

45
00:02:09,880 --> 00:02:12,920
Speaker 1: were two questions about AI and what AI will do

46
00:02:13,080 --> 00:02:14,840
Speaker 1: to a company such as WIS.

47
00:02:14,919 --> 00:02:17,560
Speaker 4: They're down twenty percent year today they're eleven percent.

48
00:02:18,000 --> 00:02:19,840
Speaker 1: About what AI does to the company. Percent of the

49
00:02:19,840 --> 00:02:23,240
Speaker 1: fluid is short coming from? Sorry, ok, I'm listening. All right,

50
00:02:23,320 --> 00:02:25,240
Speaker 1: Let's go to Maderna.

51
00:02:25,280 --> 00:02:28,000
Speaker 3: Maderna, I can't come here without bringing a healthcare stock

52
00:02:28,040 --> 00:02:31,160
Speaker 3: that's ticker mr and A up about eighteen percent now,

53
00:02:31,240 --> 00:02:33,640
Speaker 3: which it's important also to mention it's currently up nearly

54
00:02:33,639 --> 00:02:35,160
Speaker 3: one hundred percent this year.

55
00:02:36,240 --> 00:02:38,000
Speaker 4: I did not know that this is actually a game

56
00:02:38,120 --> 00:02:39,399
Speaker 4: coming from though. Yeah.

57
00:02:39,480 --> 00:02:42,280
Speaker 3: Well, today at least the vaccine maker agreed that it's

58
00:02:42,320 --> 00:02:44,920
Speaker 3: going to pay nearly one billion dollars to settle litigation

59
00:02:45,040 --> 00:02:48,840
Speaker 3: related to the technology behind its COVID shot. Investors see

60
00:02:48,840 --> 00:02:51,040
Speaker 3: that as like a best case scenario because the settlement

61
00:02:51,080 --> 00:02:54,320
Speaker 3: removed one a major financial risk for Maderna and also

62
00:02:54,800 --> 00:02:57,960
Speaker 3: was lower than feared, and so Jeffrey's analyst actually said

63
00:02:57,960 --> 00:03:01,520
Speaker 3: that that removed a catastrophic worst case scenario and also

64
00:03:01,639 --> 00:03:04,560
Speaker 3: removes the need for potential future royalty payments to the

65
00:03:04,560 --> 00:03:05,440
Speaker 3: companies involved.

66
00:03:06,040 --> 00:03:07,200
Speaker 4: Are you going to give us some context.

67
00:03:07,320 --> 00:03:08,880
Speaker 1: No, oh, I think you're going to go well, I mean,

68
00:03:08,919 --> 00:03:11,240
Speaker 1: if you just think about the challenges that the company's

69
00:03:11,280 --> 00:03:13,720
Speaker 1: faced over the last couple of years.

70
00:03:13,560 --> 00:03:15,239
Speaker 4: That you're going to take us back too in recent

71
00:03:15,280 --> 00:03:16,960
Speaker 4: months twenty twenty one.

72
00:03:17,520 --> 00:03:18,919
Speaker 1: That would I mean, that was a different time.

73
00:03:19,040 --> 00:03:21,640
Speaker 4: Guess what the high was back in August of twenty

74
00:03:21,720 --> 00:03:22,280
Speaker 4: twenty one?

75
00:03:22,320 --> 00:03:24,440
Speaker 1: When I guess you guess where's it now?

76
00:03:24,560 --> 00:03:24,720
Speaker 2: No?

77
00:03:24,919 --> 00:03:29,000
Speaker 4: Oh, it's like a fifty nine bucks four hundred Okay,

78
00:03:29,160 --> 00:03:29,520
Speaker 4: what do you.

79
00:03:29,520 --> 00:03:31,840
Speaker 3: Think, oh, two hundred?

80
00:03:31,960 --> 00:03:36,200
Speaker 4: No, yeah, sorry, you lose Okay, four hundred and eighty

81
00:03:36,200 --> 00:03:39,360
Speaker 4: four dollars and forty seven cents. That was back in

82
00:03:39,480 --> 00:03:42,280
Speaker 4: August of twenty twenty one. Yeah, you know, it was

83
00:03:42,480 --> 00:03:43,440
Speaker 4: one of the COVID stories.

84
00:03:43,520 --> 00:03:46,440
Speaker 1: I know, hope it story. But anyway, but it's a

85
00:03:46,440 --> 00:03:49,320
Speaker 1: different a different regime and a different view on what

86
00:03:49,360 --> 00:03:50,480
Speaker 1: a company like Maderna can do.

87
00:03:50,520 --> 00:03:52,760
Speaker 4: Yeah, they all have to figure out their way. Great

88
00:03:52,760 --> 00:03:55,640
Speaker 4: group of stocks. Thank you so much, Always always Avalon Parnell.

89
00:03:55,840 --> 00:03:57,640
Speaker 4: She's Alimbering news equities reporter.

90
00:03:58,800 --> 00:04:02,800
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

91
00:04:02,880 --> 00:04:05,440
Speaker 2: us throughout the day for the latest roundup of companies

92
00:04:05,520 --> 00:04:08,640
Speaker 2: making news on Wall Street, and for the latest market

93
00:04:08,680 --> 00:04:13,120
Speaker 2: moving headlines, listen to Bloomberg Radio Live. Catch us on YouTube,

94
00:04:13,240 --> 00:04:16,719
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

95
00:04:16,800 --> 00:04:18,279
Speaker 2: the Bloomberg Business App.