WEBVTT - 3M Dips Despite Guidance; UNH Rallies; Tractor Supply Slips

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data. Let's take a look

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<v Speaker 1>at some stocks on the move today.

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<v Speaker 2>Alexis Christopher's all right, let's get to it and start

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<v Speaker 2>with three M, the maker of Scotch tape post it

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<v Speaker 2>notes Scotch guard and a whole bunch of other things,

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<v Speaker 2>including roofing, granulars, and electronic materials. This stock is down

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<v Speaker 2>three percent today, twenty percent though here to date. Here's

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<v Speaker 2>the story. Three MS adjusted earnings beat expectations through the quarter.

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<v Speaker 2>It's also standing by financial guidance for the year despite

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<v Speaker 2>what it calls a volatile environment, which includes rising costs

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<v Speaker 2>and impacts from the war in Iran. Here's what's tripping

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<v Speaker 2>up investors, organic sales at three M growth at three

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<v Speaker 2>M disappointing investors. Organic sales growth coming in short of

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<v Speaker 2>that two percent growth that the Wall Street Wall Street

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<v Speaker 2>was looking for. All So three M is dealing with

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<v Speaker 2>litigation ongoing litigation over its use of those forever chemicals

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<v Speaker 2>and also defective combat arms earplugs, so they're having to

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<v Speaker 2>set aside money for that litigation. Taking a look now

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<v Speaker 2>at shares of United Health, they are rallying this morning,

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<v Speaker 2>up about seven percent here in the pre market. It

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<v Speaker 2>reported a two percent increase in revenue in the first

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<v Speaker 2>quarter of this year and increased its earnings guidance for

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<v Speaker 2>the year. United Health's stock surging also on news that

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<v Speaker 2>they had expectedly unexpectedly strong first quarter results. And we're

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<v Speaker 2>also seeing something called medical cost ratio. This was up

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<v Speaker 2>eighty four percent in the first quarter at United Health.

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<v Speaker 2>That is the lowest rate reported in two years. They

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<v Speaker 2>say that's due to strong medical cost management. So shares

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<v Speaker 2>of United Health having a good time of it this morning.

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<v Speaker 2>And tractor supply that is with Tennessee Yeah, down five

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<v Speaker 2>and a half percent this morning. First quarter net income

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<v Speaker 2>fell because it's pet spending showed signs of slowing that

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<v Speaker 2>this pet division and people are spending less on the

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<v Speaker 2>pet including farm animals.

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