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Stock Movers report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look with some of the stocks on the move that they will do that with the Smith tayleish, what are you looking at all?
Right?
So I want to start with these are companies that reported after the closed yesterday, but they're still moving on the downside. We want to start with traveling company Expedia. Their shares fell as much as ten percent now gone back a little bit about eight percent or show. They forecast gross bookings didn't really impress. So they reported second quarter bookings guidance thirty two and a half billion to thirty three point one billion, and that was against consensus
of thirty three billion analysts. They pointed to a couple of things, right, macroeconomic pressures. They kind of wait on the guidance. They warn't, I run right, do you have political uncertainty that's really been raising travel costs? So we go to Bloomberg Intelligence and they said full your guidance left unchanged, but there was that risk of down revisions later this year if those macro conditions remain stable. And you compare that to Booking last week, who cut its
outlook for the year. But I mean the shares are still down. Their results weren't that bad. I mean they posted quarterly revenue three point four through billion of about fifteen percent from a year earlier. They said that the World Cup is going to, you know, help business, but I guess it's just that forecast for gross bookings that kind of overshadow that. So their shares are lower.
But things could also change as well. If oil prices do end up going down and people decide, you know what I do want to go travel later on, they could do that potentially correct. All right, number two on your list.
Okay, so we got to we'll go to the gainers, right, so we'll go to Akamai. Taker akam up as much as twenty five percent, come back a little bit about twenty percent. The company announced that that leading Frontier AI model provider is going to be committing one point eight billion over seven years for its cloud infrastructure services. It also reported first quarter results that gave an outlook as well.
Bloomberg Intelligence they really like the news, they say, the cloud do you kind of set them up for this growth inflection for twenty twenty ACM I they want to lift their capital spending for the year to kind of support that deal. The adding spending is going to help pay for Nvidia GPU upgrades, also deer related investments too, and they're helping for improved growth. So it looks so good, good so far for ACME. Okay, one more, all right,
I gotta go to Monster Beverage Sticker m NST. Those are these cans that are all over my son's room like the energy drinks. Okay, so core audience for that product exactly. The share is planned about fourteen percent. That's the most since March of twenty seventeen. Beat on first quarter adjusted earnings pres share JP Morgan raised their price target, so that helped as well. Bloomberg Intelligence says, it just shows the strength of the global energy drink market. It's it.
It has no signs of letting up. Helped it overcome weakness because it has Actually I didn't realize this an alcoholic beverage segment. So I'm hoping those cans in my son's room where the energy drink that's thinking about this now, that was the beasts unleashed, so apparently that's not doing as well, but since the energy drink is doing so well, that really helped boost their boots up their numbers.
There the Stockmovers 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.