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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news, The.

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Speaker 2: Stock Movers Podcast, your roundup of companies making moves in

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

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Speaker 1: Everybody, It's Carol Masser and Tim Stenebeck from Bloomberg Business

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Speaker 1: Week Daily and Tim Ritz. You know, it was an

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Speaker 1: interesting week. It was a holiday shortened week, but we

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Speaker 1: definitely had some big movers we did.

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Speaker 3: I have my eye on a secret stock that I'm

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Speaker 3: going to tell you later, Carol.

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Speaker 1: Oh Man, I didn't realize this was going to be

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Speaker 1: a mystery game.

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Speaker 3: Yeah, it's a mystery game. I want to start though

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Speaker 3: with United Health Group. That's the one you've got your

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Speaker 3: eye on, right, Yeah, its like a historic move today.

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Speaker 1: It's your number one decliner in the SNP over the

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Speaker 1: last four days. So this past week it was down

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Speaker 1: about twenty four percent. Most of that fall happening on Thursday,

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Speaker 1: and it had to do with it cutting its annual forecast.

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Speaker 1: It reported its first earnings missing over a decade, and

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Speaker 1: it cited some rising medical costs that blindsided the company.

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Speaker 3: Yeah, so here's what happened. The performance The company was

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Speaker 3: affected by patients who were looking for care at a

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Speaker 3: higher rate and then expected and then quote unanticipated changes

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Speaker 3: in optim health care delivery business.

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Speaker 1: Yeah. Right, So it's interesting because they talked about those businesses.

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Speaker 1: Both segments have been hit by changes from the US

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Speaker 1: Medicare program meant to limit tactics that insurers used to

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Speaker 1: boost their revenue. And the report really did shock investors,

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Speaker 1: and so you wonder about how much of it has

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Speaker 1: to do with maybe a different business environment for these

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Speaker 1: types of companies going forward. And United health considered a

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Speaker 1: bell weather in the sector, so it really dragged down

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Speaker 1: the group overall. But again, United Healthcare the biggest decliner

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Speaker 1: in the S and P five hundred this past week.

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Speaker 3: Real quick, some numbers to ascribe to this. The previous

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Speaker 3: range that they had put out was twenty nine to

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Speaker 3: fifty to thirty dollars a share for its adjusted earnings

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Speaker 3: forecast for the year. They lowered that carol to twenty

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Speaker 3: six to twenty six to fifty a share.

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Speaker 1: Unbelievable, a haircut, unbelievable. All right, let's get to what

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Speaker 1: was the biggest gainer in the S and P five

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Speaker 1: hundred this past week. Week It was up about fifteen

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Speaker 1: percent for the week overall, and we're talking about Eli

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Speaker 1: Lilly again, this one most of it's gains to coming

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Speaker 1: on Thursday.

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Speaker 3: This as the company released results after its experimental pill

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Speaker 3: helped a patient shed weight and control blood sugar about

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Speaker 3: as well as ozempic. This, Carol, it's kind of seen

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Speaker 3: as the golden goose when it comes to this technology.

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Speaker 3: Think about this, a pill that can do what ozempic

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Speaker 3: the shot can do, and you don't have to actually

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Speaker 3: give yourself a shot. You can just take a pill.

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Speaker 1: It's pretty big deal, right right, you say golden goose,

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Speaker 1: Holy grail. Like people have been moving the momentum, and

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Speaker 1: we've seen other drug companies kind of play around with this,

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Speaker 1: but to see Lily come out with this, it makes

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Speaker 1: you wonder what it might mean for the other players.

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Speaker 1: We did see Novo down on Thursday as a result,

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Speaker 1: but Eli Lilly again the beginner of the week again

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Speaker 1: up about fifteen percent.

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Speaker 3: We also talked about some of the side effects that

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Speaker 3: can happen with these medications, and I brought up the

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Speaker 3: idea that, okay, maybe that's one room for improvement because

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Speaker 3: we have heard reports of some gi issues for some

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Speaker 3: of the patients who do take this medication. Right, you

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Speaker 3: got to remember night, not this one that we're speaking,

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Speaker 3: not the experimental one.

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Speaker 1: No, but they're made GLP ones, correct, and they're all

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Speaker 1: they aren't exactly the same thing. And some patients do

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Speaker 1: have some kind of side effects, if you will, from

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Speaker 1: certain medications, and that's why you see some patients they

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Speaker 1: move around from one drug to the next. All right,

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Speaker 1: what do you got for us this past week?

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Speaker 3: Okay, my mystery stock for you is Netflix. It wasn't

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Speaker 3: the best performer in the Nasdaq one hundred, but it

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Speaker 3: was the second best performer, up four point five percent

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Speaker 3: on the week, and Carol, that was actually before the

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Speaker 3: company even put out its earnings report. Interesting, some of

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Speaker 3: the move that we saw earlier in the week had

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Speaker 3: a lot to do with the company aimed to triple

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Speaker 3: its operating income by the year twenty thirty. This was

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Speaker 3: a report that came out in the Wall Street Journal.

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Speaker 3: The company also, according to the Journal, said that they

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Speaker 3: want to double revenue by twenty thirty. They've got this

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Speaker 3: to hit nine billion dollars in add revenue by twenty

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Speaker 3: thirty and then also to end twenty thirty with around

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Speaker 3: four hundred and ten million subscribers. So that news earlier

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Speaker 3: in the week helped move shares.

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Speaker 1: Yeah, so the stock before earnings, and we should point

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Speaker 1: out that they did report after the close on Thursday,

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Speaker 1: and we did see the stock pop two three, I

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Speaker 1: think even maybe four percent at one point in the aftermarket.

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Speaker 1: So it's certainly going to be one we're going to

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Speaker 1: be watching out for next week. All right, that's going

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Speaker 1: to do it. I'm Carol Master along with Tim Steneveek.

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Speaker 1: For more conversations like this, check out our new Stock

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Speaker 1: Movers podcast. Subscribe for five minute episodes on the biggest

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Speaker 1: winners and losers in the stock market. You can find

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Speaker 1: Stock Movers on Apple, Spotify, or anywhere you get your podcasts.

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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 Applecarplay. And Andrew rod Auto

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Speaker 2: with the Bloomberg Business app. Mm hmm