1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,640 --> 00:00:19,959 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:20,000 --> 00:00:21,280 Speaker 2: We're joined by Lisa Matteo. 6 00:00:21,960 --> 00:00:24,159 Speaker 3: I want to start with Charles Schwab this morning. It 7 00:00:24,239 --> 00:00:27,200 Speaker 3: shares their higher before the bell. The reason why so, 8 00:00:27,240 --> 00:00:29,800 Speaker 3: it's thanks to this upgrade from City Right to Buy. 9 00:00:30,360 --> 00:00:33,320 Speaker 3: They said they're improved on an improving outlook. City said 10 00:00:33,400 --> 00:00:36,520 Speaker 3: Schwap's price target one hundred and two, applying a thirty 11 00:00:36,520 --> 00:00:39,279 Speaker 3: one percent increase from Tuesday's clothes. But here's the thing. 12 00:00:39,320 --> 00:00:41,519 Speaker 3: The basic thing is that Schwab's trading activity in the 13 00:00:41,520 --> 00:00:43,720 Speaker 3: first quarter. They say, you know what, it's been strong 14 00:00:43,800 --> 00:00:46,800 Speaker 3: despite market volatility. They've really been strong. They say the 15 00:00:46,800 --> 00:00:49,839 Speaker 3: core business has been less exposed to that all that 16 00:00:49,880 --> 00:00:53,040 Speaker 3: market volatility that is really like hammered out the competition. 17 00:00:53,200 --> 00:00:55,320 Speaker 4: And what we heard from a Schwab exec just a 18 00:00:55,360 --> 00:00:57,080 Speaker 4: few days ago here in studio, and we heard this 19 00:00:57,120 --> 00:00:59,160 Speaker 4: from the same thing from her Eric Baltchunas, who covers 20 00:00:59,200 --> 00:01:03,240 Speaker 4: the ETF business Bloomberg Intelligence, Retailers, retail investors are buying. 21 00:01:03,480 --> 00:01:05,760 Speaker 4: They've been buying into this selling pressure. So it's been 22 00:01:05,760 --> 00:01:08,600 Speaker 4: the professional selling the retailer stepping, and they're buying the 23 00:01:08,680 --> 00:01:11,480 Speaker 4: names they like, the NVIDIAs, the Tesla's, the mag seven. 24 00:01:11,959 --> 00:01:13,280 Speaker 4: So we'll see how that plays after that. 25 00:01:13,440 --> 00:01:15,440 Speaker 2: I'm looking at the draw down and you're a Schwab 26 00:01:15,520 --> 00:01:17,520 Speaker 2: and it's like pretty glorious. I mean, this thing is 27 00:01:17,520 --> 00:01:20,080 Speaker 2: not a crater. So basically they're saying, go along on, 28 00:01:20,120 --> 00:01:22,480 Speaker 2: Lizanne Saunders. Yeah, that's fine to me. 29 00:01:22,760 --> 00:01:25,920 Speaker 3: Think what else do you Newsmax? Right, we've been talking 30 00:01:25,959 --> 00:01:28,440 Speaker 3: about it the past couple of days. Share serves more 31 00:01:28,440 --> 00:01:31,840 Speaker 3: than two thousand percent since it's debut Earlier this week. 32 00:01:32,520 --> 00:01:34,680 Speaker 3: You talked about that meme stock moment. Right, it gave 33 00:01:34,680 --> 00:01:38,280 Speaker 3: it the market value greater than Fox Corp. It's certain 34 00:01:38,240 --> 00:01:40,000 Speaker 3: nearly one hundred and eighty percent to close at two 35 00:01:40,120 --> 00:01:43,679 Speaker 3: hundred and thirty three dollars yesterday, But this morning shares 36 00:01:43,720 --> 00:01:45,119 Speaker 3: are taking a little bit of a turn. They're down 37 00:01:45,160 --> 00:01:48,120 Speaker 3: as much as twenty six percent before the bell, but 38 00:01:48,200 --> 00:01:51,760 Speaker 3: it's still made one person really rich. That is a founder, 39 00:01:51,880 --> 00:01:56,280 Speaker 3: chief executive officer, Christopher Ruddy. He owns about one third 40 00:01:56,280 --> 00:01:58,240 Speaker 3: of the company's share. So that's nine point one billion 41 00:01:58,240 --> 00:02:01,760 Speaker 3: on himself right there. That actually puts him and ranks 42 00:02:01,800 --> 00:02:05,000 Speaker 3: him higher than billionaires like Bill Ackman and Mark Cuban 43 00:02:05,160 --> 00:02:11,320 Speaker 3: on the Bloombers, I means, got it before yesterday's close, 44 00:02:11,400 --> 00:02:14,079 Speaker 3: that has a thirty billion dollar market capitalization. 45 00:02:14,520 --> 00:02:18,000 Speaker 2: Wow, I mean I'm looking at the financials of Sketchy 46 00:02:18,040 --> 00:02:19,920 Speaker 2: and the Bloomberg because the company's just starting. 47 00:02:20,000 --> 00:02:20,400 Speaker 4: Correct. 48 00:02:20,400 --> 00:02:22,880 Speaker 2: But the answer is this is a really small company 49 00:02:22,919 --> 00:02:25,200 Speaker 2: with no profit, right, am I close? 50 00:02:25,560 --> 00:02:29,600 Speaker 4: Yeah? Correct? What's your point? Market doesn't care on things? 51 00:02:30,240 --> 00:02:33,000 Speaker 2: Okay, market doesn't good. They do care about Lisa Moteo 52 00:02:33,040 --> 00:02:34,919 Speaker 2: and stock movers next they do? 53 00:02:35,000 --> 00:02:35,360 Speaker 4: Okay. 54 00:02:35,720 --> 00:02:38,480 Speaker 3: Yesterday the story broke about Hymn's and Hers Health that 55 00:02:38,520 --> 00:02:40,679 Speaker 3: it was set to sell Eli Lilly's weight los drug 56 00:02:40,760 --> 00:02:44,200 Speaker 3: zep bound right through its telehealth platform. It previously focused 57 00:02:44,240 --> 00:02:47,320 Speaker 3: on these cheaper versions that were made by compounding pharmacies. 58 00:02:47,360 --> 00:02:50,600 Speaker 3: So that had shares higher yesterday, up about five percent. 59 00:02:51,040 --> 00:02:53,440 Speaker 3: But this morning we're seeing a difference. Their shares are 60 00:02:53,480 --> 00:02:56,639 Speaker 3: turning down as much as six percent. There's a report 61 00:02:56,680 --> 00:02:58,480 Speaker 3: out that Eli Lily said, you know what, we have 62 00:02:58,720 --> 00:03:02,760 Speaker 3: no affiliation with Hymns and Hers regarding zet bound and 63 00:03:02,800 --> 00:03:05,080 Speaker 3: they say that zet bound can be described quote by 64 00:03:05,120 --> 00:03:08,440 Speaker 3: any licensed healthcare professional. So now the story is starting 65 00:03:08,480 --> 00:03:10,680 Speaker 3: to change a little bit, and that's why shares are 66 00:03:10,720 --> 00:03:11,480 Speaker 3: starting to take a turn. 67 00:03:11,600 --> 00:03:14,760 Speaker 2: Are we are we seeing a zempic and all that? 68 00:03:15,000 --> 00:03:17,280 Speaker 2: Are we still seeing like signs outside in the streets 69 00:03:17,320 --> 00:03:20,080 Speaker 2: in New York? Come on inside to get your O zempa? 70 00:03:20,240 --> 00:03:21,320 Speaker 2: Is it still enrage? 71 00:03:21,639 --> 00:03:22,720 Speaker 4: That's all the commercials. 72 00:03:22,840 --> 00:03:24,480 Speaker 1: Yeah, it's all over the place. 73 00:03:24,680 --> 00:03:27,600 Speaker 4: But the thing that Hymns and Hers sells these I'm 74 00:03:27,600 --> 00:03:29,560 Speaker 4: not going to call them generics, but they're the lower 75 00:03:29,639 --> 00:03:32,320 Speaker 4: lower costs, the lower cost cost Yeah, and there's a 76 00:03:32,360 --> 00:03:32,800 Speaker 4: term for it. 77 00:03:32,960 --> 00:03:35,360 Speaker 3: So this would have brought you know, zep got onto it, 78 00:03:35,440 --> 00:03:36,200 Speaker 3: but it's. 79 00:03:36,080 --> 00:03:37,960 Speaker 2: Not another stock right now? 80 00:03:38,000 --> 00:03:42,280 Speaker 3: Can you one more sure? Okay, okay, Trump Median Technology. 81 00:03:42,360 --> 00:03:44,480 Speaker 3: Actually I just pointed this out. It's shares her lower 82 00:03:44,480 --> 00:03:46,840 Speaker 3: down as much as seven percent. It fell for a 83 00:03:46,840 --> 00:03:48,880 Speaker 3: potential sale of as much as eight point four million 84 00:03:48,960 --> 00:03:51,360 Speaker 3: shares by the company, also as much as one thirty 85 00:03:51,360 --> 00:03:53,720 Speaker 3: four point one million shares by selling holders. 86 00:03:53,800 --> 00:03:56,520 Speaker 2: Can you can you get like weight loss to these 87 00:03:56,560 --> 00:03:57,960 Speaker 2: drugs a ZEP and all? 88 00:03:58,000 --> 00:04:01,640 Speaker 3: Can you get them costco you cannot get the MEDCNSCO. 89 00:04:02,040 --> 00:04:04,120 Speaker 3: But I'm gonna have to double check next time I 90 00:04:04,120 --> 00:04:04,440 Speaker 3: don't know. 91 00:04:05,640 --> 00:04:10,000 Speaker 1: The Stockmovers podcast from Bloomberg Radio. Check back with us 92 00:04:10,000 --> 00:04:12,960 Speaker 1: throughout the day for the latest roundup of companies making 93 00:04:13,000 --> 00:04:16,600 Speaker 1: news on Wall Street and for the latest market moving headlines. 94 00:04:16,760 --> 00:04:20,680 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 95 00:04:20,720 --> 00:04:23,520 Speaker 1: dot com, and on Applecarplay and Android Auto with the 96 00:04:23,560 --> 00:04:24,919 Speaker 1: Bloomberg Business app.