WEBVTT - Closing Bell: Masimo, Tripadvisor Jump; Genuine Parts Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>This is the closing bell on the stock movers report

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<v Speaker 2>the company's making moves at the close of US trading.

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<v Speaker 2>With Carol Masser, Tim stenovek Romain Bostik, and Katie Greifel.

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<v Speaker 1>I'm going to go to some of the individual gainers.

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<v Speaker 1>Number one gainer in the S and P five hundred

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<v Speaker 1>in fact, up about twelve percent in today's session. We're

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<v Speaker 1>talking about Norwegian Cruise. This one after activist investor Elliott

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<v Speaker 1>Investment Management said it built a more than ten percent

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<v Speaker 1>stake in Norwegian also sent a letter and presentation to

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<v Speaker 1>the company's board urging changes to unlock what it believes

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<v Speaker 1>is more than one hundred and fifty percent upside for shareholders.

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<v Speaker 1>So again, about twelve percent upside in today's session alone.

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<v Speaker 1>Let's go to another one, Masimo. This one up thirty

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<v Speaker 1>four percent, No surprise. It was a target bought out

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<v Speaker 1>by danaher A Green to buy the medical equipment firm

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<v Speaker 1>for one hundred and eighty dollars is share. That's a

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<v Speaker 1>forty percent premium over Friday's close, a total enterprise value

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<v Speaker 1>of about nine point nine billion dollars, allowing Danaher to

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<v Speaker 1>gain a foothold in the medical supply business. So some

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<v Speaker 1>m and a Tuesday action happening, and then Trip Advisor

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<v Speaker 1>let's go on over to there. Up about nine percent

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<v Speaker 1>in today's session. This is after Starboard Value delivered a

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<v Speaker 1>letter to Trip Advisors leadership highlighting prolonged under performance and

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<v Speaker 1>announced plans to nominate a majority slate of director candidates

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<v Speaker 1>for the twenty twenty sixth annual meeting, keeping mine Trip

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<v Speaker 1>Advisors down almost thirty percent year to date.

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<v Speaker 3>I do want to take a look at some of

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<v Speaker 3>the stocks that were on the decline today. I want

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<v Speaker 3>to start with the worst performer in the S and

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<v Speaker 3>P five hundred. This is the owner of NAPA Auto

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<v Speaker 3>Parts Genuine Parts Company GPC. Shares felt today by more

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<v Speaker 3>than fourteen and a half percent. This after the company

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<v Speaker 3>announced fourth quarter earnings that fell short. Net sales also

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<v Speaker 3>came in below expectations. The company that was going to

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<v Speaker 3>split into two public companies following your review of options

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<v Speaker 3>for its automotive and industrial business lines. The split comes

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<v Speaker 3>during a volatile stretch for the automotive business. It's grappling

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<v Speaker 3>with higher prices, higher cost, economic uncertainty, and affordability challenges

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<v Speaker 3>for consumers. Also speaking to change your oil, Tim, sorry,

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<v Speaker 3>can you know how to change the oil in your car?

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<v Speaker 3>I know how to take it somewhere to be changed

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<v Speaker 3>from me. Here's the deal. Here's the real thing. Nobody

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<v Speaker 3>changes their oil anymore because what do you do with

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<v Speaker 3>the oil? That's the old No, sorry, mister endironmental. That's

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<v Speaker 3>that's why I want to burst for bubble. But that's

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<v Speaker 3>what people used to do. Yeah, and it wasn't good.

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<v Speaker 3>But that's that's the real reason why it's so hard

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<v Speaker 3>to change your oil.

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<v Speaker 2>Well, what do you do with the oil?

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<v Speaker 1>Tim?

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<v Speaker 3>You're supposed to take it somewhere to recycle it. And

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<v Speaker 3>by the time you do that, you might as well

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<v Speaker 3>just take your car somewhere to have the oil change for.

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<v Speaker 2>You, like the sewer you know.

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<v Speaker 3>Oh okay, you guys are killing me. A couple more

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<v Speaker 3>decliners here. Also a worse performer in the S and

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<v Speaker 3>P five hundred today was General Mills. The company lowered

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<v Speaker 3>its fiscal twenty twenty six outlook, citing a more challenging

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<v Speaker 3>consumer environment. The company said weak consumer sentiment, heightened uncertainty

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<v Speaker 3>and significant volatility of weight on category growth and affected

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<v Speaker 3>consumer purchase platforms. This is the parent company of cereals

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<v Speaker 3>such as Cheerios. Down seven percent on the day today.

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<v Speaker 3>And finally, Danaher Carol had the news with this company

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<v Speaker 3>agreed to buy Massimocorp and a deal with an enterprise

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<v Speaker 3>value about nine point nine billion dollars. Massamo shares have

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<v Speaker 3>moved higher. Danaher fell today by just about two point

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<v Speaker 3>nine percent.

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<v Speaker 2>This stock Moover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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