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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: The Stock Movers report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Tim Stanebeck along with Carol Master. Let's take a

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Speaker 3: look at some stocks on the move this week. We

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Speaker 3: are joined by Bloomberg News Equities reporter Avalon Pernell. There

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Speaker 3: were a lot of stocks that made big moves on

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Speaker 3: the week, and a lot as a result of the

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Speaker 3: macroeconomic backdrop of the US and Israel war against Iran.

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Speaker 4: Absolutely correct.

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Speaker 5: Our team is very busy this week, and I think

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Speaker 5: we could probably start off with airlines, so taking a

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Speaker 5: look at United Airlines that's ticker UAL and also Southwest

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Speaker 5: which is ticker LUV. Both of those had a very

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Speaker 5: brutal week, to say the least, United Airlines tumbling thirteen percent,

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Speaker 5: Southwest falling about sixteen percent this week. And that's all

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Speaker 5: because it seems like the hope stat the Iran conflict

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Speaker 5: would end quickly. We are quickly fading into the background,

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Speaker 5: and with that, jet fuel prices have soared. It's important

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Speaker 5: to note that for airlines, jet fuel is responsible for

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Speaker 5: nearly a third of cost and the price of that

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Speaker 5: jet fuel has gone to over four dollars per gallon,

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Speaker 5: and previously last year was about two dollars, and so

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Speaker 5: Deutsche Bank said that kind of represents an existential threat

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Speaker 5: for these airline carriers, So it'll be interesting to see

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Speaker 5: how they feel that risk and mitigate those issues.

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Speaker 1: That's a big move to the downside on those names,

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Speaker 1: So we'll see, and all of it is so contingent

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Speaker 1: on how long this goes on. Let's go on over

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Speaker 1: to the cruise lines.

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Speaker 4: Yes, kind of similar story.

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Speaker 5: Carnival ticker CCL and Norwegian Cruise Line ticker NCLH also

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Speaker 5: both down about eighteen percent this week. But it's not

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Speaker 5: just fuel costs for this situation that are handing them

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Speaker 5: a beating. It's also the fact that given where the

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Speaker 5: conflict is happening, it could disrupt their cruises to the

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Speaker 5: Middle East and also the Eastern Mediterranean, very popular spot.

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Speaker 5: And we actually Hadloomberg Intelligence analysts right that their ability

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Speaker 5: to offset such costs with efficiencies kind of depends on

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Speaker 5: the Strait of Hermus remaining open, which, as you guys

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Speaker 5: already mentioned, is not guaranteed.

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Speaker 1: Yeah, I would think twice right about cruising in the region.

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Speaker 3: Yeah, not to state the obvious, they're operating.

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Speaker 1: Yeah, if they're even operating, they're probably not right. So yeah,

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Speaker 1: it's just again we're starting to see and start to

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Speaker 1: assess the impact. Certainly again goes to how long this

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Speaker 1: goes on? Where shall we go next?

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Speaker 5: Lastly, we have Software, which despite all the red that

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Speaker 5: happened this week, we did have a couple of green

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Speaker 5: spots and Software was one of them. Service Now that's

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Speaker 5: ticker and ow very easy to remember, up about fourteen

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Speaker 5: percent this week.

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Speaker 4: That's its biggest weekly leap since.

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Speaker 5: April, and that's partially because they were able to kind

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Speaker 5: of beat back some of this anti AI sentiment in

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Speaker 5: the market and shake off those industry wide concerns, along

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Speaker 5: with other software.

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Speaker 4: Names as well, like crowd Shrike.

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Speaker 5: Citizens out with a note today saying that Service Now

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Speaker 5: remains an attractive opportunity for long term capital appreciation, and

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Speaker 5: basically they say, along with a lot of other analysts,

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Speaker 5: that the downward move last month went way too far.

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Speaker 5: Now to you know, they are still down nineteen percent

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Speaker 5: this year, but yeh, a good sign.

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Speaker 1: But you know it's also you know, you know, you

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Speaker 1: wonder you know, at some point do you investors say, Okay,

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Speaker 1: these names have been beaten up where we're making a

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Speaker 1: very big assumption about the future of a certain entity,

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Speaker 1: your company, and then so they say, well, wait a minute,

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Speaker 1: let's look at the fundamentals. This maybe makes sense. And

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Speaker 1: this is why we've talked a lot about buying the

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Speaker 1: dip this week. Got anything for us, Danevic.

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Speaker 3: It took me a while, but I found it.

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Speaker 4: Okay, what were you looking for it?

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Speaker 3: I was looking for jet fuel prices. This is a

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Speaker 3: jet fuel New York Buckeye MC if you want to

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Speaker 3: look it up on the Bloomberg terminal, because it just

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Speaker 3: shows the chart. It's jet in ypr index. And right

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Speaker 3: now we are at four and eleven cents or sorry,

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Speaker 3: three dollars and eighty nine cents. The highest was back

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Speaker 3: in twenty twenty two, and that's when it was at

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Speaker 3: seven dollars and sixty six cents. So a far cry

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Speaker 3: from where we were back in twenty twenty two when

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Speaker 3: that was you know, different inflationary concerns. But just you know,

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Speaker 3: in the last few days, up close to seventy percent incredible.

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Speaker 1: That's a big move.

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Speaker 3: I know, I'm jumping around that's a big move.

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Speaker 1: No no, no, sorry, Look Talia has it up on

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Speaker 1: the screen right now. I know, I know, amazing, but

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Speaker 1: this is this is what the Bloomberg does to you though,

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Speaker 1: you just want to kind of play with it. Emlon,

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Speaker 1: thank you so much. Evlon Perne. There, Bloomberg News Equities Reporter.

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Speaker 1: Check out our Stock Movers podcast, five minute episodes big winners,

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Speaker 1: losers at any given moment in the market day. You

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Speaker 1: could find it on Apple, Spotify or anywhere you get

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Speaker 1: your podcast. Of course, this was some of the big

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Speaker 1: movers for the week overall.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest mark

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