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 Stenebeck along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move. We are joined
Speaker 3: by Nora Melinda. She has Bloomberg TV Markets correspondent Nour
Speaker 3: a lot to choose from, although we did see some
Speaker 3: buying late in the session.
Speaker 4: We did see some buying late in the session, But
Speaker 4: one of the names that actually ended up down at
Speaker 4: the closing bell was Campbell's. Take our CPB down about
Speaker 4: seven percent. This is the lowest level that we saw
Speaker 4: for the stock in twenty three years, this after it
Speaker 4: cut its profit outlook, we know that they're essentially talking
Speaker 4: about consumers not really buying pretzels and chips.
Speaker 5: I used to love their chickennittle soup.
Speaker 3: But everybody used to love her chicken forever and.
Speaker 5: Needed sometimes today. But I don't make a homemade soup
Speaker 5: or my husband.
Speaker 4: You might go a goat to I just like the chickens.
Speaker 3: I think a lot of people grew up eating that, right. Yeah,
Speaker 3: and maybe consumer preferences changed I.
Speaker 4: Think essentially, because I do remember when I used to
Speaker 4: eat that I switched over to progress, So I believe
Speaker 4: because they had like a lower sodium alternative.
Speaker 5: I do look at the sodium, so some people.
Speaker 4: Looking at the health elements as well. But it does
Speaker 4: seem as though, sorry to me, just holding up.
Speaker 5: We all remember that having the flu, sitting on the
Speaker 5: couch and you're like, there's some gimbo and I have
Speaker 5: some fleas anyway.
Speaker 3: Now, and now your husband makes you the soup.
Speaker 5: Yeah, and I see, Larry go to be fair, my
Speaker 5: mom made a lot of homemade soup. But every once
Speaker 5: in a while it was like, okay, a nice somebody
Speaker 5: got sick all of a sudden, and you know, you
Speaker 5: just had to take a can of soup. So they're
Speaker 5: having problems.
Speaker 4: They are having problems. One of the names that wasn't
Speaker 4: having a problem today say Sable Offshore. This is Sticker
Speaker 4: sc the stock surging and p about fifteen percent on
Speaker 4: the day, the highest level since October. This is, of course,
Speaker 4: after a Bloomberg exclusive reporting that Trump is preparing to
Speaker 4: invoke Cold War era powers to pave the way for
Speaker 4: renewed oil production off the southern California coast. So this
Speaker 4: will be using the Defense Production Act, and essentially Trump
Speaker 4: wants to ease some of the permitting for sable Offshore
Speaker 4: to restart production over there. When we think about the
Speaker 4: cluster of offshore platforms in California, so that really booyed
Speaker 4: the stock hire at the closing bell.
Speaker 3: Yeah, these platforms right off the coast of Santa Barbara.
Speaker 3: So it's a little south of the Central Coast, just
Speaker 3: north of LA And anyone who's driven on the one.
Speaker 5: On one can mom and dad see them.
Speaker 3: Well, if they're driving south, they can see.
Speaker 1: You can't miss these their massive Oh yeah, there's a
Speaker 1: park just out just like right by Santa Barbara where
Speaker 1: if you're driving on the highway there's there's so much oil.
Speaker 3: Activity, is it really oh that yeah? Yeah, And it's
Speaker 3: and the highway goes right through it all right. Sometimes
Speaker 3: at night you can see the flaring too, not offshore,
Speaker 3: on shore, you see the flaring. So you're like driving
Speaker 3: at night and you can see the the flames coming
Speaker 3: from significant landmark.
Speaker 5: There definitely popped into session.
Speaker 4: You gotta say the ticker, I know, favorite ticker. Honestly,
Speaker 4: I loved saying this.
Speaker 5: I couldn't I know, we couldn't get plastic. He was like, w.
Speaker 4: Well, Wolf is the ticker woof the stock down and
Speaker 4: post sorry higher in post market, trading up about twenty
Speaker 4: percent after the closing bell. Is a pretty cheap stock though,
Speaker 4: I mean I'm looking at it's just about two dollars
Speaker 4: at the closing bell today. But this, of course is
Speaker 4: after its forecast annual earnings came in above analyst expectations.
Speaker 4: So this is essentially signaling that consumer pet spending it's
Speaker 4: still remaining durable despite a lot of the uncertainty that
Speaker 4: people had as it relates to the tariff trade. So
Speaker 4: this stock is doing pretty well as it looks like it.
Speaker 5: Yeah, it is so way down. I'm going back. I mean,
Speaker 5: everybody was spending on their pets during COVID, but I
Speaker 5: mean at one point, going back to twenty twenty one,
Speaker 5: early twenty twenty one, right, it was about almost a
Speaker 5: thirty dollars stock.
Speaker 4: I know, and down about eighty nine percent over that
Speaker 4: five year time period.
Speaker 5: All Right, we thank you so much, Melinda. Check out
Speaker 5: our Stockmovers podcast. You can find it on Apple, Spotify,
Speaker 5: or anywhere you get your podcasts.
Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us
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