1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios podcasts, radio News, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,439 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,760 --> 00:00:20,000 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:20,160 --> 00:00:23,040 Speaker 3: I'm Normal Linda with Matt Miller. Of course, we're in 6 00:00:23,120 --> 00:00:27,120 Speaker 3: for Carol Masser and Tim Sinovic. We're alongside Bloomberg News 7 00:00:27,200 --> 00:00:29,480 Speaker 3: cross asset reporter Emily Graffeo. 8 00:00:30,080 --> 00:00:31,400 Speaker 1: What are you keeping an eye on today? 9 00:00:31,640 --> 00:00:33,880 Speaker 4: Okay, So, one of the best performers in the S 10 00:00:33,920 --> 00:00:36,400 Speaker 4: and P five hundred for the week was Insolent. It 11 00:00:36,440 --> 00:00:39,800 Speaker 4: was actually the number one, up twenty percent on the week, 12 00:00:39,880 --> 00:00:42,959 Speaker 4: with most of that move coming here today on Friday. 13 00:00:43,000 --> 00:00:46,320 Speaker 4: This is an insulin pump maker that boosted their revenue 14 00:00:46,320 --> 00:00:48,800 Speaker 4: guidance for the full year and they posted better than 15 00:00:48,840 --> 00:00:52,360 Speaker 4: expected first quarter results. It was the biggest gain on 16 00:00:52,400 --> 00:00:55,800 Speaker 4: Friday since November twenty twenty two. Piper Sailor said that 17 00:00:55,840 --> 00:00:59,880 Speaker 4: they view the guidance increase positively and has more evidence 18 00:01:00,200 --> 00:01:02,160 Speaker 4: strong momentum in the business. 19 00:01:02,280 --> 00:01:03,480 Speaker 1: And this was a day when a. 20 00:01:03,400 --> 00:01:06,720 Speaker 4: Lot of other healthcare stocks were moving lower, a week 21 00:01:06,760 --> 00:01:08,840 Speaker 4: where healthcare was kind of weaker. But here we have 22 00:01:08,920 --> 00:01:11,679 Speaker 4: insult the best performer of the week. 23 00:01:12,160 --> 00:01:16,480 Speaker 5: All Right, Disney had an absolutely killer day. It was 24 00:01:16,640 --> 00:01:20,280 Speaker 5: I think Wednesday when they were at more than ten percent. 25 00:01:20,360 --> 00:01:21,440 Speaker 5: What's the story with Disney. 26 00:01:22,200 --> 00:01:24,400 Speaker 4: So they're also one of the best performers in the 27 00:01:24,440 --> 00:01:26,280 Speaker 4: s and P five hundred on the week, They're up 28 00:01:26,319 --> 00:01:29,760 Speaker 4: fourteen percent. To finish out this week, they beat expectations 29 00:01:29,760 --> 00:01:30,560 Speaker 4: in the second quarter. 30 00:01:30,840 --> 00:01:32,520 Speaker 1: They raised their outlook for the full year. 31 00:01:33,040 --> 00:01:36,000 Speaker 4: A lot of companies right now are either pulling back 32 00:01:36,080 --> 00:01:38,000 Speaker 4: their guidance moving it lower. 33 00:01:38,240 --> 00:01:39,920 Speaker 1: And yet they came out. 34 00:01:39,760 --> 00:01:43,360 Speaker 4: And they benefited from this faster than expected growth at 35 00:01:43,400 --> 00:01:46,840 Speaker 4: their parks and their streaming business, and so their forecast 36 00:01:46,959 --> 00:01:51,320 Speaker 4: was actually for the full year EPs double their previous forecast. 37 00:01:51,640 --> 00:01:54,600 Speaker 4: So anyone who says that tourism is falling off, just 38 00:01:54,640 --> 00:01:57,320 Speaker 4: look at Disney. Apparently people are still going to the parks, 39 00:01:57,640 --> 00:02:02,080 Speaker 4: they're still paying for those wildly expensive tickets and of 40 00:02:02,120 --> 00:02:04,000 Speaker 4: course using Disney plus the streaming service. 41 00:02:04,520 --> 00:02:06,880 Speaker 1: So also you're keeping an eye on Palenteer. What are 42 00:02:06,880 --> 00:02:09,400 Speaker 1: you seeing? So this was a stock that was really 43 00:02:09,440 --> 00:02:10,520 Speaker 1: on the move this week. 44 00:02:10,560 --> 00:02:13,959 Speaker 4: It finished the week down five point six percent after 45 00:02:14,040 --> 00:02:16,600 Speaker 4: it had one of its worst drops, the most in 46 00:02:16,639 --> 00:02:20,320 Speaker 4: a year back on Tuesday after their earnings, which were 47 00:02:20,360 --> 00:02:23,519 Speaker 4: actually pretty good. They did beat, but the stock is 48 00:02:23,639 --> 00:02:27,560 Speaker 4: up four hundred and fifty percent over the last twelve months, 49 00:02:27,800 --> 00:02:29,480 Speaker 4: so a lot of analysts were saying, you know what, 50 00:02:29,840 --> 00:02:32,200 Speaker 4: the bar is just too high, even though the earnings 51 00:02:32,200 --> 00:02:35,760 Speaker 4: were pretty good, we just can't justify owning this stock 52 00:02:35,800 --> 00:02:39,680 Speaker 4: anymore given how much it's already run up. The valuation again, 53 00:02:39,760 --> 00:02:43,160 Speaker 4: just like the momentum in the stock, but keeping an 54 00:02:43,240 --> 00:02:46,040 Speaker 4: eye on this one because it did have a couple 55 00:02:46,320 --> 00:02:48,840 Speaker 4: days up, a couple days down this week, but overall 56 00:02:48,880 --> 00:02:50,640 Speaker 4: it did finish the week lower. 57 00:02:52,880 --> 00:02:57,000 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 58 00:02:57,080 --> 00:02:59,760 Speaker 2: us throughout the day for the latest roundup of companies, 59 00:02:59,800 --> 00:03:02,919 Speaker 2: meet news on Wall Street, and for the latest market 60 00:03:02,960 --> 00:03:07,359 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 61 00:03:07,360 --> 00:03:10,600 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 62 00:03:10,680 --> 00:03:12,120 Speaker 2: the Bloomberg Business app.