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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg data.

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Speaker 1: Well, let's take a look at some stocks that are

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Speaker 1: on the move today with us is at Bloomberg News

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Speaker 1: cross ass at reporter Emily Graffeo. She joins us here

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Speaker 1: in the Bloomberg BusinessWeek Studio. You don't have Newsmax on

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Speaker 1: this list.

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Speaker 3: I know, we talked about it yesterday. Okay, is there

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Speaker 3: much more to say on Newsmax? I mean, well, it's

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Speaker 3: having a very good day today, more.

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Speaker 1: Than two thousand percent in two days. It cemented its

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Speaker 1: meme stock status at least as of now. Right, I

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Speaker 1: can see what happens over the next.

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Speaker 4: Few years on me trade it for two days.

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Speaker 5: I didn't have any fundamental developments to share on your

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Speaker 5: list in your head, right, sure, I.

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Speaker 3: Mean it's definitely something that's caught my eye.

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Speaker 6: Okay, I think or May sixteenth, so maybe, okay, a

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Speaker 6: little bit more.

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Speaker 4: I'm not sure if that's confirmed, but it's.

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Speaker 3: Then we can talk about that on May sixty.

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Speaker 4: Deal deal deal. Let's talk about stocks on the move today. Also,

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Speaker 4: other stocks on the move Johnson and Johnson's one that

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Speaker 4: you're watching.

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Speaker 5: So these shares are following the most in five years.

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Speaker 5: And actually the last time the stock was down this much,

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Speaker 5: it was March twenty third, twenty twenty, which was the

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Speaker 5: pandemic bottom for S and P five hundred. That was

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Speaker 5: right when the S and P hit its bottom, and

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Speaker 5: then it moved uphigher than that. So I don't know

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Speaker 5: what that means for J and J. But the news

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Speaker 5: is coming as the company's plan to settle thousands of

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Speaker 5: talk related lawsuits through bankruptcy was shot down in court,

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Speaker 5: which means that they're not going to have to fight

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Speaker 5: roughly sixty thousand claims brought by people who say that

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Speaker 5: the company's baby power caused ovarian cancer and other diseases.

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Speaker 5: BI says that now that number of claims could balloon

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Speaker 5: to more than ninety thousand. So J and J had

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Speaker 5: set aside about nine billion that it had earmarked to

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Speaker 5: the victims. Now Blueberg Intelligence estimates the cost could go

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Speaker 5: up to about eleven billion.

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Speaker 3: So it's weighing on the stock. It's something that's weighed

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Speaker 3: on the company for years now, and it's not ending

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Speaker 3: anytime soon.

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Speaker 6: I mean, it's been kind of interesting to track it, right,

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Speaker 6: like how they wanted to do this, the structure of

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Speaker 6: doing it was kind of interesting.

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Speaker 4: So ain't over right?

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Speaker 5: Yes, And the stock it's about flat over the past

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Speaker 5: twelve months, so.

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Speaker 3: I guess make of that what you will. But I'm

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Speaker 3: also gooking g at shares of pv H.

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Speaker 1: We looked at these yesterday when the company reported really well,

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Speaker 1: I always have to. I always have to remind myself

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Speaker 1: what this company owns, the brands. I get a little confused.

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Speaker 6: Do you just look in your closet, Well, the health incline, whatevers.

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Speaker 4: I went. I went to the website, the Tommy Hill

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Speaker 4: figure the website.

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Speaker 1: Believe that is not blocked. It's not blocked here at work?

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Speaker 4: Well, he pulled up the website. Can I just tell you?

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Speaker 4: You can tell her?

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Speaker 6: And so it's in the studio and you know, we

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Speaker 6: have a glass wall behind us.

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Speaker 1: This is not appropriate to be looking on my work.

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Speaker 6: There was a fair amount of skin that was on

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Speaker 6: the way.

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Speaker 3: We're doing research. You're doing research for your job.

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Speaker 1: It I didn't want people to walk by, you know,

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Speaker 1: she was going on anyway, pH.

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Speaker 3: What's going on?

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Speaker 5: I mean, they have perfume as well, right or actually

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Speaker 5: I don't know if that's under the parent company.

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Speaker 3: I don't know. Well, I'm not sure the brand is.

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Speaker 4: But the stock is souring.

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Speaker 5: The stock is soaring, biggest jump in about two years.

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Speaker 5: They gave guidance for twenty twenty six that beat estimates.

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Speaker 5: They also expect sales growth to be flat or slightly

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Speaker 5: positive this year, which doesn't sound like that great, but

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Speaker 5: it outpaced expectations and you look at kind of the

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Speaker 5: macro signals that we can get out of what the

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Speaker 5: parent company of Calvin Klein and Tommy Hillfiger said. Sales

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Speaker 5: were good over the holidays, started the year at a

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Speaker 5: solid pace, but it's a tougher consumer backdrop in North

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Speaker 5: America and a continued tough backdrop in China. Consumers are

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Speaker 5: facing inflatory pressure and reporting lower confidence in their feelings

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Speaker 5: about the future. This reminds me a lot about all

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Speaker 5: the soft data that we're getting that shows that sentiment

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Speaker 5: is down. But then you look at the stock price

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Speaker 5: and company fundamentals, and I was.

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Speaker 6: Like, you know what the expectations were to write like

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Speaker 6: and if you just come in even if it's like

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Speaker 6: kind of negative or toned down if you either come

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Speaker 6: in as expected or even a little bit better.

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Speaker 4: Yeah, folks are like that.

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Speaker 5: Seems like that is exactly what happened with PVH. So yeah,

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Speaker 5: that's stock much higher.

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Speaker 1: Well, sometimes I walk by Carol's task and she's just

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Speaker 1: playing Roadblocks. Oh that the whole day now, thinking to myself, Carol,

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Speaker 1: this is not a good use of your work day.

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Speaker 5: Right, this stock is up about four percent. Now, I

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Speaker 5: don't play. Do your children? No?

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Speaker 1: We try to keep them away from this world.

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Speaker 3: Okay, well see how long.

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Speaker 1: We can succeed doing that. Minecraft is on our son's radar.

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Speaker 1: But yeah, he's not getting anywhere.

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Speaker 3: Kind of similar. Right, I've never I haven't played.

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Speaker 1: Yeah, I will be honest. I get them both mixed

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Speaker 1: up with one another.

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Speaker 5: But Roadblocks it's an online gameame platform.

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Speaker 3: Yeah, there's eighty five million daily users.

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Speaker 6: People ask if you Google's role Blocks safe for your child.

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Speaker 1: All I will say is you should read Olivia Carvill's

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Speaker 1: pieces if you have questions about that.

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Speaker 4: Absolutely, what's the stock do it?

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Speaker 5: Yeah, she's done great reporting on this company. The stock

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Speaker 5: right now up about five percent. They announced a partnership

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Speaker 5: with Google, so now users will be able to earn

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Speaker 5: in game perks in the game in exchange for watching

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Speaker 5: an advertisement. So you watch like thirty seconds of a

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Speaker 5: video and then you get.

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Speaker 3: The roadblocks perks.

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Speaker 6: Maybe to I can't say anymore because I'm going to

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Speaker 6: get in trouble.

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Speaker 3: It seems so like post capitalists and you're playing a

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Speaker 3: game and then you're watching a video.

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Speaker 1: And talk to Carol.

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Speaker 4: She doesn't perks for it all the time. Such a

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Speaker 4: big gamer.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 2: Bloomberg dot com, and on Apple car Play and Android

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Speaker 2: Atto with the Bloomberg Business app.

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Speaker 1: Mm hmm