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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look at some stocks on the move today. Scarlettu with Paswini and John Tucker, and we're joined right now by Bloomberg's Intalic Jovich Natalia get Us started.
Delta Airlines the ticket is da AL shares are up by almost four percent. The company issued more optimistic sales target for the first quarter. It says bookings by leisure and corporate customers accelerated into March. It now expects high single digit revenue growth for the first quarter of up from previous forecast between five to seven percent. Now, the company said it's well positioned to navigate this current environment.
As we know, airlines are struggling how to navigate flights around the world zone higher fuel costs, which represent about thirty percent of all total operating expenses for US airlines, And now the bad news guys, So airlines executives are saying that passengers could see higher ticket prices or they will remain elevated. If the strait of Hormos isn't secured by the Memorial Day.
Well, Memorial I know it's supposed to be something that went on for months on end. So that's what the market I think is reflecting, like kind of shorter than Yeah, and you see that in oil prices at least a couple months out the contracts for later on this year.
All right, next up, Yeah, let's talk about Uber and Lift. Both shares are up to date companies and now several autonomous vehicle partnerships with Nvidia. So airBC Capital Markets analysts are saying that lifts proposal is focused on companies adopting Nvidia's accelerating computing capabilities. They want to build new generation of mapping platform. Now we also know that Uber wants to launch a fleet of Nvidia software driven autonomous vehicles
across twenty eight cities globally by twenty twenty eight. But both stocks are really struggling. We see that Uber is down by about three percent here today, a Lift is down by about twenty seven percent. We know that the company posted really disappointing earning results and yeah, we see still a lot of decelerating growth, especially for a LIFT. All right, how about Ila, Lily Lily. We see that chairs are down excuse me, by three point four percent
today HSBC cut rating to sell from hold. Now this is the only sell rating for the company, So HSBC is basically saying that the total addressable market for abesity drugs and pills can be less than expected. It's said all so that a novel or disc will fight back, which means that less market potentially right for li Lilly. Interesting.
So now this price target from HSBC implies a sixteen percent moved to the downside from yesterday's close, considering the fact that the stock is already done by ten percent year today. But other analysts are really really optimistic. They see the price covering above twelve hundred by the year end.
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