1 00:00:02,520 --> 00:00:07,440 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 --> 00:00:16,160 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:17,759 Speaker 3: Let's get a look at some of the stocks on 5 00:00:17,800 --> 00:00:20,000 Speaker 3: the move today on Paul Swinging Al Outside Scarlet Fu. 6 00:00:20,360 --> 00:00:22,880 Speaker 3: We're joined by Bloomerks Denita. So, but the what are 7 00:00:22,880 --> 00:00:23,560 Speaker 3: you looking at today? 8 00:00:23,760 --> 00:00:26,640 Speaker 1: Let's start with Monday dot Com, which is not definitely 9 00:00:26,640 --> 00:00:29,440 Speaker 1: not green today. Slumped as much as twenty percent in 10 00:00:29,480 --> 00:00:32,760 Speaker 1: earlier trading. Now it's down about sixteen percent. The tickories 11 00:00:32,960 --> 00:00:37,519 Speaker 1: M and DY cloud based software company posted better than 12 00:00:37,560 --> 00:00:41,000 Speaker 1: expected third quarter earnings. The number that seems to be 13 00:00:41,000 --> 00:00:44,879 Speaker 1: disappointing for investors is their revenue forecast. It's about three 14 00:00:45,040 --> 00:00:47,680 Speaker 1: hundred and twenty nine billion, which is lower than what 15 00:00:47,880 --> 00:00:52,040 Speaker 1: analysts were expected. And we're seeing quite the reaction considering 16 00:00:52,080 --> 00:00:54,760 Speaker 1: the rest of the earnings report. Wasn't that bad. This 17 00:00:54,800 --> 00:00:57,920 Speaker 1: has happened before. We had a similar situation in August. 18 00:00:58,720 --> 00:01:02,400 Speaker 1: A week third quarter out look out overshadowed the rest 19 00:01:02,440 --> 00:01:04,200 Speaker 1: of the report. This is, of course, one of the 20 00:01:04,240 --> 00:01:08,679 Speaker 1: pandemic favorites. This company was very popular. They do those 21 00:01:08,720 --> 00:01:12,840 Speaker 1: work operating systems, which when everyone was working remotely, they 22 00:01:12,920 --> 00:01:15,360 Speaker 1: made a lot of sense. And they've been trying to 23 00:01:15,840 --> 00:01:18,039 Speaker 1: release a lot of AI features and things to kind 24 00:01:18,040 --> 00:01:22,360 Speaker 1: of boost the proposal, but that hasn't helped investors. The 25 00:01:22,440 --> 00:01:26,080 Speaker 1: company is down thirty three percent year to date, and 26 00:01:26,200 --> 00:01:29,680 Speaker 1: BI is saying after a report that the outlook indicates 27 00:01:29,760 --> 00:01:33,319 Speaker 1: moderating growth and rising competition. So really, really tough day 28 00:01:33,360 --> 00:01:35,120 Speaker 1: for one of the pandemic favorites. 29 00:01:35,319 --> 00:01:38,639 Speaker 3: Yeah, just saying AI in your earning statement no longer 30 00:01:38,800 --> 00:01:40,759 Speaker 3: is a guarantee for a bump in your share price 31 00:01:40,800 --> 00:01:42,800 Speaker 3: the way it was a few quarters ago. Remember when 32 00:01:43,040 --> 00:01:45,520 Speaker 3: Crypto was like the magic world that everyone needed to say, 33 00:01:46,080 --> 00:01:47,640 Speaker 3: let's talk about United Airlines. 34 00:01:47,920 --> 00:01:51,360 Speaker 1: Yeah, United Airlines was having great day in earlier trading, 35 00:01:51,440 --> 00:01:54,000 Speaker 1: but just it's a good proxy of how votaile the 36 00:01:54,040 --> 00:01:56,920 Speaker 1: negotiations are. And obviously there are a lot of things 37 00:01:56,960 --> 00:02:01,640 Speaker 1: going on with holiday travel weather in Chicago, and airlines 38 00:02:01,680 --> 00:02:04,760 Speaker 1: have had a pretty bad year. United Airlines is flat 39 00:02:04,800 --> 00:02:06,920 Speaker 1: on the ear it was up two percent and now 40 00:02:07,080 --> 00:02:10,640 Speaker 1: it's actually in the red. Of course, we are getting 41 00:02:10,680 --> 00:02:13,959 Speaker 1: closer to a resolution in the record breaking US government 42 00:02:14,000 --> 00:02:17,600 Speaker 1: shut down, and there is some optimism there and Obviously 43 00:02:17,600 --> 00:02:20,359 Speaker 1: the airlines were rallying on that. But that said, things 44 00:02:20,400 --> 00:02:22,880 Speaker 1: are not looking well now. Obviously there has been a 45 00:02:22,919 --> 00:02:27,880 Speaker 1: ten percent capacity cut in December. Jeffries estimates that that's 46 00:02:27,919 --> 00:02:32,160 Speaker 1: about six percent reduction for American Delta, six percent for 47 00:02:32,320 --> 00:02:37,000 Speaker 1: United So obviously airlines have been suffering from that. Of course, 48 00:02:37,320 --> 00:02:41,400 Speaker 1: government funded travel is on poles for many of them ployees. 49 00:02:41,440 --> 00:02:44,240 Speaker 1: That's also weighing on travel. And we were just about 50 00:02:44,280 --> 00:02:46,600 Speaker 1: to see some optimism with things getting resolved, and this 51 00:02:46,760 --> 00:02:48,880 Speaker 1: was kind of one of the sectors bringing in this 52 00:02:49,080 --> 00:02:52,480 Speaker 1: is but it's not holding for now. Maybe once we 53 00:02:52,560 --> 00:02:59,000 Speaker 1: have more clarity, we'll get back to rallying. Treehouse Treehouse's 54 00:02:59,320 --> 00:03:02,680 Speaker 1: so I was googling. They have pickles, they have coffee, 55 00:03:02,680 --> 00:03:05,560 Speaker 1: they have all those brands, but they create them. Yeah, yeah, 56 00:03:05,560 --> 00:03:08,840 Speaker 1: they create them, but for example, they're sold in Walmart 57 00:03:09,240 --> 00:03:12,320 Speaker 1: and things like that. So the European Boyout firm investing 58 00:03:12,320 --> 00:03:15,240 Speaker 1: in industrial has agreed to buy Treehouse Food, it's a 59 00:03:15,240 --> 00:03:19,440 Speaker 1: private label food manufacturer, for about three billion including that. 60 00:03:19,800 --> 00:03:22,640 Speaker 1: The ticker is THHS. The stock is of about twenty 61 00:03:22,639 --> 00:03:25,959 Speaker 1: four percent now. Shares in Treehouse Roles is much in 62 00:03:26,080 --> 00:03:29,639 Speaker 1: forty four percent in pre market trading the company. We 63 00:03:29,760 --> 00:03:34,440 Speaker 1: built twenty two and fifty cents door for the company, 64 00:03:34,600 --> 00:03:37,080 Speaker 1: and this is actually a thirty eight percent premium to 65 00:03:37,120 --> 00:03:40,960 Speaker 1: the closing price in September, so when the rumors of 66 00:03:41,000 --> 00:03:44,400 Speaker 1: that deal kind of started circulating, so clearly much bigger 67 00:03:44,400 --> 00:03:46,800 Speaker 1: premium for investors, and investors are pretty excited. 68 00:03:47,400 --> 00:03:49,800 Speaker 3: Private label food is big right now. It's huge. 69 00:03:49,920 --> 00:03:51,520 Speaker 1: Yeah, I mean doing a lot more of it. 70 00:03:51,920 --> 00:03:53,800 Speaker 3: I never did it my life until on maybe five 71 00:03:53,840 --> 00:03:57,640 Speaker 3: six seventy years. And have you noticed the difference in cost? Yes, right, 72 00:03:57,680 --> 00:03:59,680 Speaker 3: in cost, But have about in taste or just in 73 00:03:59,720 --> 00:04:01,720 Speaker 3: profit most things? No, for some, When I do, for 74 00:04:01,760 --> 00:04:05,000 Speaker 3: some things like what was recently, we decided, oh peanuts, 75 00:04:05,040 --> 00:04:07,240 Speaker 3: you gotta go back to the planters. Okay, So not 76 00:04:07,320 --> 00:04:09,640 Speaker 3: everything can be private label, but for the most part, 77 00:04:09,920 --> 00:04:10,240 Speaker 3: for a. 78 00:04:10,160 --> 00:04:12,520 Speaker 1: Lot of things that's working well. Absolutely. 79 00:04:13,160 --> 00:04:17,200 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 80 00:04:17,279 --> 00:04:19,840 Speaker 2: us throughout the day for the latest roundup of companies 81 00:04:19,920 --> 00:04:23,000 Speaker 2: making news on Wall Street and for the latest market 82 00:04:23,040 --> 00:04:27,520 Speaker 2: moving headlines. 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