1 00:00:02,520 --> 00:00:07,360 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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,600 --> 00:00:18,760 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,960 --> 00:00:22,360 Speaker 1: Alexis christoffers looking a myriad of earnings today. 6 00:00:22,960 --> 00:00:24,919 Speaker 3: Myriad is the right word for it. I want to 7 00:00:24,920 --> 00:00:28,320 Speaker 3: start with what I called earlier our loser DuJour, which 8 00:00:28,360 --> 00:00:32,240 Speaker 3: is Mattel. Sorry, Barbie, but this stock is now down 9 00:00:32,320 --> 00:00:36,440 Speaker 3: twenty nine percent pre market. It's price target was lowered 10 00:00:36,440 --> 00:00:39,440 Speaker 3: over at Jeffreys this morning, down to nineteen dollars from 11 00:00:39,440 --> 00:00:42,559 Speaker 3: twenty five dollars a share. So the holiday period, the 12 00:00:42,760 --> 00:00:46,559 Speaker 3: bread and butter right for these companies was disappointing. For Mattel. 13 00:00:46,960 --> 00:00:51,040 Speaker 3: A lot of retailers also offered big promotions that squeezed margins. 14 00:00:51,080 --> 00:00:54,000 Speaker 3: But I think what really is getting investors down is 15 00:00:54,040 --> 00:00:58,240 Speaker 3: its full year guidance. It is considerably lower than expected. 16 00:00:58,520 --> 00:01:00,800 Speaker 3: Remember we had Hasbro a few day is ago. Much 17 00:01:00,840 --> 00:01:04,600 Speaker 3: different story, Yes, uh, you know, much better than expected, 18 00:01:04,640 --> 00:01:06,520 Speaker 3: actually better than next. 19 00:01:06,560 --> 00:01:10,120 Speaker 4: The digital games their house. I think David bigger games. 20 00:01:10,160 --> 00:01:13,000 Speaker 4: That's what I learned yesterday. We spoke to the toy analyst. 21 00:01:13,160 --> 00:01:15,679 Speaker 1: Learning they're moving from Rhode Island. They're moving from Rhode 22 00:01:15,680 --> 00:01:18,040 Speaker 1: Island up to Boston, really okay, and they want to 23 00:01:18,040 --> 00:01:21,039 Speaker 1: get closer to Durgan Parks. The problem here, alexis you 24 00:01:21,040 --> 00:01:24,000 Speaker 1: don't remember this because I grew up in a Barbie 25 00:01:24,000 --> 00:01:28,560 Speaker 1: thon with with with my kids, particularly the middle child. 26 00:01:28,760 --> 00:01:32,160 Speaker 1: And what's important here is Barbie on the go sled 27 00:01:32,280 --> 00:01:36,000 Speaker 1: toboggan was a must have in the house, okay. And 28 00:01:36,040 --> 00:01:38,800 Speaker 1: that's a precursor for Barbie luge. So maybe they'll bounce 29 00:01:38,880 --> 00:01:40,000 Speaker 1: back after the Olympics. 30 00:01:40,080 --> 00:01:43,080 Speaker 3: She's in the Olympics. I didn't I didn't realize, but yeah, 31 00:01:43,080 --> 00:01:44,800 Speaker 3: I used to step on, you know, Barbie heads and 32 00:01:44,880 --> 00:01:47,800 Speaker 3: arms and what have you in my house. And apparently 33 00:01:47,880 --> 00:01:49,640 Speaker 3: that you know, sales are slumping. 34 00:01:49,320 --> 00:01:52,440 Speaker 1: In Mattapoisse at Massachusetts. There's a drive by. It's a 35 00:01:52,520 --> 00:01:56,720 Speaker 1: house where the entire front lawn is Barbie now all year, 36 00:01:56,760 --> 00:01:58,760 Speaker 1: where the snow's piled up. They don't care. 37 00:01:59,000 --> 00:01:59,920 Speaker 3: Mittel loves them. 38 00:02:00,000 --> 00:02:00,560 Speaker 1: It's first good. 39 00:02:00,560 --> 00:02:03,080 Speaker 3: Maybe that they'll send them some free Barbies next, all right, 40 00:02:03,240 --> 00:02:07,920 Speaker 3: lift Oh yes, oh my gosh. Down sixteen percent right now. 41 00:02:08,360 --> 00:02:12,840 Speaker 3: Disappointing forecast A surprise revenue miss. It's still going to 42 00:02:12,840 --> 00:02:14,919 Speaker 3: buy back though a billion dollars up its own stock, 43 00:02:14,960 --> 00:02:18,040 Speaker 3: So confidence I guess in the company there. But it's 44 00:02:18,040 --> 00:02:21,040 Speaker 3: got this global expansion, new product offerings. We saw the 45 00:02:21,040 --> 00:02:23,400 Speaker 3: same thing over at Uber when they're moving away from 46 00:02:23,440 --> 00:02:27,120 Speaker 3: their core business. It seems that investors don't love it, 47 00:02:27,480 --> 00:02:29,560 Speaker 3: and so they're punishing the stock as a result. 48 00:02:29,600 --> 00:02:31,280 Speaker 4: This is a case study for me Uber and lyft 49 00:02:31,360 --> 00:02:33,760 Speaker 4: Ipel about the same time. At that time they were 50 00:02:33,800 --> 00:02:36,960 Speaker 4: kind of the same companies. Boy had those passp diverged. 51 00:02:36,960 --> 00:02:40,040 Speaker 4: Since the IPO lift is six seven eight nine million 52 00:02:40,400 --> 00:02:45,200 Speaker 4: and one hundred plus billion market capture, the revenues eight 53 00:02:45,280 --> 00:02:51,320 Speaker 4: times fifty ish gazillion, it lift is six gazillion. Yeah, 54 00:02:51,360 --> 00:02:53,359 Speaker 4: it's just crazy. I mean, it's like talk about it's 55 00:02:53,360 --> 00:02:54,880 Speaker 4: the version there. All right, Well, so do you. 56 00:02:54,800 --> 00:02:55,760 Speaker 3: Have one more for us? 57 00:02:55,880 --> 00:02:56,200 Speaker 4: I do. 58 00:02:56,680 --> 00:02:59,680 Speaker 3: We've got to talk craft times right down nearly eight 59 00:02:59,720 --> 00:03:02,240 Speaker 3: percent right now. That's on top of its one year 60 00:03:02,280 --> 00:03:05,600 Speaker 3: return of minus sixteen percent. So it's going to pause 61 00:03:06,000 --> 00:03:09,320 Speaker 3: that propose split into two separate companies. Remember it wanted 62 00:03:09,360 --> 00:03:12,240 Speaker 3: to take like its its grocery store staples business. Oscar 63 00:03:12,280 --> 00:03:15,880 Speaker 3: Myers meets lunchables, it wanted to cut that off from 64 00:03:15,919 --> 00:03:20,760 Speaker 3: its faster growing sauces and seasonings business. Warren Buffett didn't 65 00:03:20,800 --> 00:03:23,720 Speaker 3: like that. He actually called the breakup disappointing. Remember he's 66 00:03:23,720 --> 00:03:26,600 Speaker 3: the one who brought the two together in twenty fifteen. 67 00:03:26,680 --> 00:03:29,720 Speaker 3: So Kraft Times as a new CEO, he says he 68 00:03:29,760 --> 00:03:34,359 Speaker 3: sees opportunities ahead. That's CEO speak for Craft Times, where 69 00:03:34,360 --> 00:03:36,240 Speaker 3: he wants to keep them together until he can make 70 00:03:36,280 --> 00:03:38,880 Speaker 3: them strong enough to separate. So he's going to invest 71 00:03:38,880 --> 00:03:42,320 Speaker 3: six hundred million dollars to turn the group around. Of course, 72 00:03:42,360 --> 00:03:46,520 Speaker 3: this is the company behind Hines Ketchup and Philadelphia Cream Cheese, 73 00:03:46,720 --> 00:03:49,560 Speaker 3: so we'll see if it works. But there's an analyst 74 00:03:49,600 --> 00:03:52,080 Speaker 3: over at td cowan Robert Moscow. He says this indicates 75 00:03:52,120 --> 00:03:57,160 Speaker 3: the business not strong enough to operate on a standalone basis, 76 00:03:57,760 --> 00:03:59,440 Speaker 3: so we'll have to see when investors get on board 77 00:03:59,440 --> 00:04:00,680 Speaker 3: with this planned to split into two. 78 00:04:02,120 --> 00:04:06,360 Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us 79 00:04:06,360 --> 00:04:09,200 Speaker 2: throughout the day for the latest roundup of companies making 80 00:04:09,240 --> 00:04:12,880 Speaker 2: news on Wall Street and for the latest market moving headlines. 81 00:04:13,080 --> 00:04:17,080 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 82 00:04:17,120 --> 00:04:20,200 Speaker 2: Dot com and on Applecarplay and Android Auto with the 83 00:04:20,240 --> 00:04:21,599 Speaker 2: Bloomberg Business App.