Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Take a look at some of the stocks on the
Speaker 2: move today. I'm Paul Swen alongside SCARLOFILM.
Speaker 1: We're joined by Natal Bloomberg's Natalia Kenyan Jevich, Natali, what
Speaker 1: are you looking at today?
Speaker 2: Hi, guys. First, I'm looking at shares of Pfizer. The
Speaker 2: ticker is pf E. Shares are done by five point
Speaker 2: four percent as the company said that expects a little
Speaker 2: to know sales growth next year, So revenue in twenty
Speaker 2: twenty six is expected to be between fifty nine point
Speaker 2: five to sixty two point five billion dollars. Sales are
Speaker 2: expected to be at sixty two billion dollars. So basically,
Speaker 2: we do know that Pfizer shares are kind of struggling
Speaker 2: to gain momentum as demand for COVID nineteen drugs is
Speaker 2: fading and there is a lot of competition across other drugs.
Speaker 2: So we do also know that the company is executing
Speaker 2: or trying to execute a big cost cutting effort. It
Speaker 2: targets more than seven billion dollars in savings by twenty
Speaker 2: twenty seven, and most of which it expects to complete
Speaker 2: next year. On the bright side, however, we know that
Speaker 2: the company is trying to acquire more businesses, especially in
Speaker 2: a B city drug segment. All right, second stock, yes,
Speaker 2: so the share the next stop stop is stop. How
Speaker 2: the ticker is stub. Shares are done by five point
Speaker 2: almost six percent. Today, analysts from Citizens Cut downgraded the stock.
Speaker 2: They cited competition and regulations. So first of all they
Speaker 2: said that there is a big headwinds coming from a
Speaker 2: competition with it with Vivid Seats for the market share,
Speaker 2: and then also regulation guys, there is a push to
Speaker 2: restrict resold tickets. Example, the UK ministers plan to ban
Speaker 2: the resale of tickets for live events above the original cost.
Speaker 2: So the stock is done, by the way, by more
Speaker 2: than forty percent. Since it's IPO, not going on Okay
Speaker 2: one more PayPal, the ticket is pypl. The shares are
Speaker 2: up by almost two percent. Now. This comes as the
Speaker 2: company applied to become a bank in the United States.
Speaker 2: For some analysts, this move is logical because PayPal is
Speaker 2: already participating in the lending business and some other analysts
Speaker 2: are just setting favorable regulatory environment. However, the timeline is uncertain,
Speaker 2: so to some analysts it could take several years.
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