Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: This Stock Movers report your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data
Speaker 2: and Tim Statterback.
Speaker 1: Along with Carol Masser, let's take a look at some
Speaker 1: stocks on the move today. We're joined by Bloomberg News
Speaker 1: earning specialist Rachel Wha. She joins us here, a lot
Speaker 1: of stocks moving. Yeah, hard for me to find decliners
Speaker 1: on a day like today.
Speaker 3: You found some, Yeah, So, I mean, I think the
Speaker 3: one of you all know about is Johnson and Johnson,
Speaker 3: what it's famous for, has kind of gotten it into
Speaker 3: a bit of a trouble and shares a kind of
Speaker 3: largy training lower today despite its pretty good earnings. And
Speaker 3: that's because it kind of lost its a key coot
Speaker 3: battle tied to his baby powder litigation. Now experts me
Speaker 3: be called to testify it as top products cost cancer whish.
Speaker 3: More than seventy lawsuits have claimed D and J says
Speaker 3: is planning to appeal the court decision. But yeah, we
Speaker 3: kind of you know, I don't think investors are very
Speaker 3: happy about that. And still, I mean, J and D
Speaker 3: did issue better than expected guidance for twenty twenty six today,
Speaker 3: and it says that it's likely to be driven by
Speaker 3: cancer drug sales, and it kind of shows that Trump's
Speaker 3: demands for that these farmer firms lower their prices may
Speaker 3: not hurt earnings as much as investors thought.
Speaker 4: But at their lows they were down more than three percent. So,
Speaker 4: you know, I'm just I'm doing a quick gip on
Speaker 4: the Bloomberg and it looks like like so much of
Speaker 4: the market that was down, it definitely popped off its
Speaker 4: lows on that headline from President Trump. It seems like, yeah,
Speaker 4: we see, all right, So where do you want to
Speaker 4: go next?
Speaker 3: Yeah, so I think craft heinds it's not a household
Speaker 3: name that we've been hearing a lot about today. Take
Speaker 3: a KHC. So the company is also down after a
Speaker 3: report that Booksher Hathaway wants to sell it's nearly thirty
Speaker 3: percent stick in the company. This move effectively and Booksh's
Speaker 3: long and trouble investment in the company. You know, cough
Speaker 3: Heines is underperformed for the past decade. Shares have fallen
Speaker 3: more than seventy percent since the end of twenty seventeen,
Speaker 3: and investors say that Booksher's move reinforces the idea that
Speaker 3: koff Heinz's plan break up rough. You know, they kind
Speaker 3: of doubt whether they were actually revived.
Speaker 1: Growth great, Yeah, a big move from greg Abel really
Speaker 1: early ones. Tenures, twenty one days in there. Okay, this
Speaker 1: one is my favorite because I have to tell.
Speaker 4: You you made me do it.
Speaker 1: I full disclosure. I had no idea that Nathan's Famous
Speaker 1: was a publicly traded company.
Speaker 3: Yeah yeah, I mean it's pretty small. It has a
Speaker 3: market cap of well.
Speaker 2: Did you I didn't.
Speaker 3: I just know I've had.
Speaker 4: Well, well long time. I mean to a long time ago.
Speaker 4: I went to a mall. Okay, what do you got?
Speaker 3: Yeah, So, I mean for the curious, it's took us
Speaker 3: an at h You know, it's a small company, like
Speaker 3: I said, but I think a lot of us know them.
Speaker 3: We see them in the carts in New York City,
Speaker 3: we see them in the grocery stores. So now it's
Speaker 3: going to be taken over. Smith Smith Few Foods said
Speaker 3: it will acquire the company for about four hundred and
Speaker 3: fifty million dollars, and this would actually boost Smith's use
Speaker 3: packaged meat segment, which is as big as in terms
Speaker 3: of avenue the Deos expected to close in the first
Speaker 3: half of this year. So you know we're going to see,
Speaker 3: you know, how Nathan changes or what will happen to
Speaker 3: that Conya Island eating Hot Dot eating contest. I mean
Speaker 3: you will have a different name.
Speaker 2: Come on, oh.
Speaker 3: No, no, no, no brand.
Speaker 4: I mean, you know, when you've got a good brand,
Speaker 4: you stick to it.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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