Lindt to Cut Prices; FICO Drops; Netflix Upgraded | Stock Movers
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On this episode of Stock Movers: - Lindt (LISN SW) plans to lower prices for its chocolate products after it pared back its sales-growth guidance for a second time this year citing subdued consumer sentiment. - Fair Isaac (FICO,) the credit score company known as FICO, slumps 19% in premarket trading after Federal Housing Finance Agency Director Bill Pulte announced a move that makes it easier for lenders to adopt VantageScore. According to analysts, this will increase competition while pressuring FICO’s market share and pricing power. - Netflix (NFLX) shares are up after Deutsche Bank upgraded the streaming-video company to buy from hold, saying that concerns about engagement were overblown. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://
Tags: Alexis Christoforous, Candy, CarMax Inc., Fair Isaac Corp, Lindt & Spruengli AG, Netflix Inc., Paul Sweeney, Stock Movers, Tom Keene, US stocks, earnings, housing, stocks, streaming
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