Booking Sinks; Starbucks, Centene Jump - podcast episode cover

Booking Sinks; Starbucks, Centene Jump

Apr 28, 20263 min
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Episode description

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Booking Holdings (BKNG) shares fell on Tuesday after the online travel agent said the Middle East conflict impacted its first quarter results to varying degrees. Its 2Q and full-year forecasts miss estimates. Peer Expedia, which reports May 7, is down 5.0%.

- Starbucks (SBUX) stocks jumped after the coffee chain reported better-than-expected quarterly results and said it now sees comparable sales rising at least 5% this year, up from its previous view of 3% or more.

- Centene (CNC) shares rose after first-quarter profit exceeded Wall Street expectations and the company raised its outlook for the year in the latest sign of recovery for a US health insurance sector coming off a terrible year. Adjusted earnings of $3.37 a share surpassed all analyst estimates in a Bloomberg survey. A key gauge of medical costs came in more favorable than Wall Street views. The company boosted its earnings outlook for the year by 40 cents a share, it said in a statement Tuesday.

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Transcript

Speaker 1

Bloomberg Audio Studios, podcasts, radio News.

Speaker 2

The Stock Movers report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.

Speaker 1

I'm Jim Stataveech along with Carol Masser. Let's take a look at some stocks on the move. We're joined by Bloomberg News equities supporter avalon Per Now a lot moving in the app, Yes.

Speaker 3

Definitely a lot of earnings news, to say the least. We could start off with Booking. That is ticker bknng d'reroppen now about three point eight percent in postmarket moves. That's after second quarter forecast fill very well short of Wall Streets expectations. As you can imagine, the Iran conflict is very much impacting them, and they're worried about consumer sentiment.

Speaker 4

All right, So that's a big one. Yeah, really interesting. Starbucks also reported after the closing bell.

Speaker 3

Yes, that's ticker SBUX up now about five point or nearly five percent. That's after your second quarter sales beat expectations, and it also boosts its full year forecast. Important to note that part of that is because of gen Z very into cold foam, especially those sales up forty percent from last year.

Speaker 1

Okay, are you gen Z?

Speaker 2

I am?

Speaker 1

How's the cold phone? Have you had it?

Speaker 3

I've had the salted caremel quite good.

Speaker 1

Okay, here we go.

Speaker 4

I just want my coffee normal.

Speaker 1

You're not gen Z.

Speaker 4

Be careful where you go here. Let's go to gen Z either.

Speaker 1

I know, never had a cold. I don't even know what a cold stam is. Okay, Cushier seats, more appetizing pastry to play displays in speedier service as well at Starbucks'm.

Speaker 4

Bum bum Okay, let's go to one that was moving in the regular trading session.

Speaker 3

Yes, senteen, that's ticker ce NC closed up fourteen percent for its biggest one day jump since twenty twenty, and that's after reporting a pretty surprise profit boost and also first quarter beat, so very much a good sign for health insurers as we head into the rest of the week of earnings.

Speaker 4

Are you a pumpkin latte? Kind of gal pumpkins?

Speaker 2

Oh?

Speaker 4

Hot caramel? Man, A lot of stuff, A lot of sugar. Little lavender is kind of nice though.

Speaker 2

Oh haven't heard that always.

Speaker 4

But again, you're yellow with sugar, I think or something. I'm just saying.

Speaker 2

The stock Movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street, and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.

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