1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market. Harnessing the power of Bloomberg data. 4 00:00:18,040 --> 00:00:19,759 Speaker 2: Let's take a look at some stocks on the move 5 00:00:19,800 --> 00:00:22,080 Speaker 2: this week. Here in the studio with us is Bloomberg 6 00:00:22,120 --> 00:00:25,560 Speaker 2: News Equities reporter Alexandra Semonova. Hey, I think we can 7 00:00:25,600 --> 00:00:29,120 Speaker 2: transition right to another airline at the top of your list, alex. 8 00:00:28,920 --> 00:00:31,440 Speaker 3: Yeah, I'm taking a look at American Airlines today. With 9 00:00:31,520 --> 00:00:34,600 Speaker 3: the Drewids full year earnings outlook, a lot of companies 10 00:00:34,640 --> 00:00:37,080 Speaker 3: have been doing that. It's also joining some of its 11 00:00:37,159 --> 00:00:40,600 Speaker 3: peers and doing that. We saw that from Delta Airlines, 12 00:00:41,479 --> 00:00:44,600 Speaker 3: the owner of Frontier. Obviously, as there's so much uncertainty 13 00:00:44,640 --> 00:00:48,320 Speaker 3: about the outlook for consumers, there seems to be a 14 00:00:48,360 --> 00:00:51,640 Speaker 3: pull back in travel demand. Obviously as tariffs we found 15 00:00:51,680 --> 00:00:52,680 Speaker 3: the economic outlook. 16 00:00:52,840 --> 00:00:56,120 Speaker 4: What's interesting though, is Americans we've had bad news on 17 00:00:56,160 --> 00:00:59,000 Speaker 4: the airlines over the last month or so and saying 18 00:00:59,040 --> 00:01:01,320 Speaker 4: a lot of it's maybe priced in already and that 19 00:01:01,800 --> 00:01:03,160 Speaker 4: people are traveling. Yeah. 20 00:01:03,200 --> 00:01:05,600 Speaker 1: I don't know if you have anything booked for the summer, alex, 21 00:01:05,880 --> 00:01:08,800 Speaker 1: but post pandemic people are just waiting longer and longer 22 00:01:08,800 --> 00:01:10,880 Speaker 1: to book their flights. I don't know what that has 23 00:01:10,920 --> 00:01:12,759 Speaker 1: to do with I think also has to do it. 24 00:01:12,640 --> 00:01:15,240 Speaker 4: Gay more like right like if you well, you came. 25 00:01:15,080 --> 00:01:17,080 Speaker 1: More if you get closer to the date. But I 26 00:01:17,080 --> 00:01:20,040 Speaker 1: think the flexibility now is helpful, Like you can there's 27 00:01:20,040 --> 00:01:21,600 Speaker 1: so many tickets you can buy where it's just like, 28 00:01:21,600 --> 00:01:23,360 Speaker 1: oh you can change that for no fee. Ye that 29 00:01:23,440 --> 00:01:24,480 Speaker 1: was new during the pandemic. 30 00:01:24,520 --> 00:01:25,639 Speaker 4: Yeah, that is, and that's sure. 31 00:01:25,720 --> 00:01:27,920 Speaker 3: And I think also after the pandemic there's just this 32 00:01:28,080 --> 00:01:30,520 Speaker 3: hunch to try and book trips as often as possible. 33 00:01:30,560 --> 00:01:33,000 Speaker 3: That's just not going away. I don't know about you guys, 34 00:01:33,000 --> 00:01:36,360 Speaker 3: but definitely take me somewhere exactly what else you got 35 00:01:36,360 --> 00:01:39,520 Speaker 3: for us? So I'm also looking at Comcasts. They reported 36 00:01:39,520 --> 00:01:42,640 Speaker 3: a pretty big loss in customers. They lost one hundred 37 00:01:42,680 --> 00:01:46,919 Speaker 3: and ninety nine thousand domestic broadband customers and four hundred 38 00:01:46,920 --> 00:01:50,680 Speaker 3: and twenty seven thousand PayTV customers in the fourth quarter 39 00:01:50,960 --> 00:01:54,320 Speaker 3: first quarter. Rather, those losses were both more than Wall 40 00:01:54,320 --> 00:01:57,400 Speaker 3: Street must expected pretty bad earnings right out here. The 41 00:01:57,400 --> 00:02:00,520 Speaker 3: company's earnings actually rose to one point own nine to 42 00:02:00,560 --> 00:02:03,560 Speaker 3: share that beat estimates, and their revenue fell slightly to 43 00:02:03,640 --> 00:02:05,880 Speaker 3: twenty nine point nine billion dollars. But it was really 44 00:02:05,920 --> 00:02:09,560 Speaker 3: again that customer metric that everyone was watching. And shares 45 00:02:09,560 --> 00:02:10,400 Speaker 3: are falling today. 46 00:02:10,720 --> 00:02:13,120 Speaker 4: Yeah, that's kind of tough. Stuck's down about eleven percent 47 00:02:13,200 --> 00:02:17,400 Speaker 4: also year to date. IBM, it's a name that we 48 00:02:17,400 --> 00:02:19,519 Speaker 4: were breaking down the earnings after the close yesterday. 49 00:02:19,639 --> 00:02:23,360 Speaker 1: I was having a good year up until yesterday's report. 50 00:02:23,440 --> 00:02:26,480 Speaker 3: Basically exactly, just basically, the takeaway from this report was 51 00:02:26,520 --> 00:02:29,600 Speaker 3: that it wasn't good enough for investors. It wasn't necessarily bad, 52 00:02:29,639 --> 00:02:31,720 Speaker 3: It's just that the bar is so high for this company. 53 00:02:31,840 --> 00:02:35,200 Speaker 3: So the stock actually fell the most in a year today, 54 00:02:35,240 --> 00:02:40,480 Speaker 3: suggesting economic uncertainty expectations that the cut and cost to 55 00:02:40,560 --> 00:02:44,680 Speaker 3: government spending might affect the business. First quarter sales increased 56 00:02:44,880 --> 00:02:47,560 Speaker 3: almost one percent of fourteen point five billion dollars and 57 00:02:48,120 --> 00:02:51,040 Speaker 3: profit was one sixty a share. Again, the numbers aren't bad, 58 00:02:51,160 --> 00:02:54,840 Speaker 3: just clearly disappointing investors. Not enough assurance that the business 59 00:02:54,919 --> 00:02:55,440 Speaker 3: will be good. 60 00:02:55,960 --> 00:02:58,040 Speaker 1: Yeah, I mean, we spoke to Brent dell Over at 61 00:02:58,320 --> 00:03:01,160 Speaker 1: Jeffrey's yesterday who said that Arvin Krishna is doing a 62 00:03:01,200 --> 00:03:04,560 Speaker 1: great job of transitioning this company away from hardware actually 63 00:03:04,560 --> 00:03:07,120 Speaker 1: away from consulting, which it's been known for for years, 64 00:03:07,280 --> 00:03:10,040 Speaker 1: and really focusing on moving to the AI and services, 65 00:03:10,040 --> 00:03:11,600 Speaker 1: and they're just much more I think profitable. 66 00:03:11,639 --> 00:03:12,639 Speaker 4: Yeah, certainly for the company. 67 00:03:12,680 --> 00:03:16,160 Speaker 3: Right, there's a lot of competition, Yeah, competition, and also 68 00:03:16,200 --> 00:03:19,480 Speaker 3: the CEO today saying in the near term, uncertainty may 69 00:03:19,520 --> 00:03:22,680 Speaker 3: cause clients to pause. That keyword uncertainty has been just 70 00:03:22,680 --> 00:03:23,720 Speaker 3: coming across you just. 71 00:03:23,680 --> 00:03:26,040 Speaker 4: Allowed Is anybody allowed to use the word uncertainty at 72 00:03:26,080 --> 00:03:26,440 Speaker 4: this point? 73 00:03:26,840 --> 00:03:30,160 Speaker 3: I mean, everybody's using the words key word in the dictionary. 74 00:03:30,240 --> 00:03:32,480 Speaker 4: It does seem like the only word in the dictionary. Certainly. 75 00:03:32,960 --> 00:03:34,920 Speaker 4: I know we've been tracking, like how many times, like 76 00:03:35,000 --> 00:03:36,760 Speaker 4: CEOs are saying it on Earning's color. I think we 77 00:03:36,800 --> 00:03:37,680 Speaker 4: did last time around. 78 00:03:37,800 --> 00:03:38,960 Speaker 3: Yeah, we're keeping an eye on that. 79 00:03:40,720 --> 00:03:44,880 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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