Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Tim Stanebeck along with Carol Master. Let's take a
Speaker 3: look at some stocks on the move this week. We
Speaker 3: are joined by Bloomberg News Equities reporter Avalon Pernell. There
Speaker 3: were a lot of stocks that made big moves on
Speaker 3: the week, and a lot as a result of the
Speaker 3: macroeconomic backdrop of the US and Israel war against Iran.
Speaker 4: Absolutely correct.
Speaker 5: Our team is very busy this week, and I think
Speaker 5: we could probably start off with airlines, so taking a
Speaker 5: look at United Airlines that's ticker UAL and also Southwest
Speaker 5: which is ticker LUV. Both of those had a very
Speaker 5: brutal week, to say the least, United Airlines tumbling thirteen percent,
Speaker 5: Southwest falling about sixteen percent this week. And that's all
Speaker 5: because it seems like the hope stat the Iran conflict
Speaker 5: would end quickly. We are quickly fading into the background,
Speaker 5: and with that, jet fuel prices have soared. It's important
Speaker 5: to note that for airlines, jet fuel is responsible for
Speaker 5: nearly a third of cost and the price of that
Speaker 5: jet fuel has gone to over four dollars per gallon,
Speaker 5: and previously last year was about two dollars, and so
Speaker 5: Deutsche Bank said that kind of represents an existential threat
Speaker 5: for these airline carriers, So it'll be interesting to see
Speaker 5: how they feel that risk and mitigate those issues.
Speaker 1: That's a big move to the downside on those names,
Speaker 1: So we'll see, and all of it is so contingent
Speaker 1: on how long this goes on. Let's go on over
Speaker 1: to the cruise lines.
Speaker 4: Yes, kind of similar story.
Speaker 5: Carnival ticker CCL and Norwegian Cruise Line ticker NCLH also
Speaker 5: both down about eighteen percent this week. But it's not
Speaker 5: just fuel costs for this situation that are handing them
Speaker 5: a beating. It's also the fact that given where the
Speaker 5: conflict is happening, it could disrupt their cruises to the
Speaker 5: Middle East and also the Eastern Mediterranean, very popular spot.
Speaker 5: And we actually Hadloomberg Intelligence analysts right that their ability
Speaker 5: to offset such costs with efficiencies kind of depends on
Speaker 5: the Strait of Hermus remaining open, which, as you guys
Speaker 5: already mentioned, is not guaranteed.
Speaker 1: Yeah, I would think twice right about cruising in the region.
Speaker 3: Yeah, not to state the obvious, they're operating.
Speaker 1: Yeah, if they're even operating, they're probably not right. So yeah,
Speaker 1: it's just again we're starting to see and start to
Speaker 1: assess the impact. Certainly again goes to how long this
Speaker 1: goes on? Where shall we go next?
Speaker 5: Lastly, we have Software, which despite all the red that
Speaker 5: happened this week, we did have a couple of green
Speaker 5: spots and Software was one of them. Service Now that's
Speaker 5: ticker and ow very easy to remember, up about fourteen
Speaker 5: percent this week.
Speaker 4: That's its biggest weekly leap since.
Speaker 5: April, and that's partially because they were able to kind
Speaker 5: of beat back some of this anti AI sentiment in
Speaker 5: the market and shake off those industry wide concerns, along
Speaker 5: with other software.
Speaker 4: Names as well, like crowd Shrike.
Speaker 5: Citizens out with a note today saying that Service Now
Speaker 5: remains an attractive opportunity for long term capital appreciation, and
Speaker 5: basically they say, along with a lot of other analysts,
Speaker 5: that the downward move last month went way too far.
Speaker 5: Now to you know, they are still down nineteen percent
Speaker 5: this year, but yeh, a good sign.
Speaker 1: But you know it's also you know, you know, you
Speaker 1: wonder you know, at some point do you investors say, Okay,
Speaker 1: these names have been beaten up where we're making a
Speaker 1: very big assumption about the future of a certain entity,
Speaker 1: your company, and then so they say, well, wait a minute,
Speaker 1: let's look at the fundamentals. This maybe makes sense. And
Speaker 1: this is why we've talked a lot about buying the
Speaker 1: dip this week. Got anything for us, Danevic.
Speaker 3: It took me a while, but I found it.
Speaker 4: Okay, what were you looking for it?
Speaker 3: I was looking for jet fuel prices. This is a
Speaker 3: jet fuel New York Buckeye MC if you want to
Speaker 3: look it up on the Bloomberg terminal, because it just
Speaker 3: shows the chart. It's jet in ypr index. And right
Speaker 3: now we are at four and eleven cents or sorry,
Speaker 3: three dollars and eighty nine cents. The highest was back
Speaker 3: in twenty twenty two, and that's when it was at
Speaker 3: seven dollars and sixty six cents. So a far cry
Speaker 3: from where we were back in twenty twenty two when
Speaker 3: that was you know, different inflationary concerns. But just you know,
Speaker 3: in the last few days, up close to seventy percent incredible.
Speaker 1: That's a big move.
Speaker 3: I know, I'm jumping around that's a big move.
Speaker 1: No no, no, sorry, Look Talia has it up on
Speaker 1: the screen right now. I know, I know, amazing, but
Speaker 1: this is this is what the Bloomberg does to you though,
Speaker 1: you just want to kind of play with it. Emlon,
Speaker 1: thank you so much. Evlon Perne. There, Bloomberg News Equities Reporter.
Speaker 1: Check out our Stock Movers podcast, five minute episodes big winners,
Speaker 1: losers at any given moment in the market day. You
Speaker 1: could find it on Apple, Spotify or anywhere you get
Speaker 1: your podcast. Of course, this was some of the big
Speaker 1: movers for the week overall.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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