1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,720 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,760 --> 00:00:21,440 Speaker 3: I'm Emi Grafeo with Tim Senovic, and we're joined by 6 00:00:21,440 --> 00:00:27,440 Speaker 3: Bloomberg News Equities reporter Alex Semonova. Let's start with healthcare stocks. 7 00:00:27,760 --> 00:00:30,400 Speaker 4: We obviously have a lot of developments coming out of 8 00:00:30,480 --> 00:00:34,600 Speaker 4: the JP Morgan Healthcare conference and guys, unsurprisingly a hot 9 00:00:34,640 --> 00:00:39,040 Speaker 4: topic there is GLP one drugs. We have Eli Lilly's 10 00:00:39,080 --> 00:00:42,600 Speaker 4: CEO talking with our own Katie Greifeld, saying that the 11 00:00:42,640 --> 00:00:46,840 Speaker 4: company expects its highly anticipated pill version of its GLP 12 00:00:46,960 --> 00:00:50,360 Speaker 4: one drug to get regulatory approval as early as the 13 00:00:50,440 --> 00:00:54,240 Speaker 4: second quarter of this year. That is slightly later than 14 00:00:54,280 --> 00:00:57,800 Speaker 4: it signaled. However, there still is a lot of enthusiasm 15 00:00:58,120 --> 00:01:00,960 Speaker 4: for this version of the drug. It makes more accessible 16 00:01:01,240 --> 00:01:03,680 Speaker 4: to people who are afraid of needles, and that's also 17 00:01:03,800 --> 00:01:08,200 Speaker 4: something that Novo Nordisk gets competitor touted. It said that 18 00:01:08,319 --> 00:01:13,240 Speaker 4: its pill is also going to hit the markets and 19 00:01:13,680 --> 00:01:16,600 Speaker 4: what this will do is give you know, more people 20 00:01:17,160 --> 00:01:20,520 Speaker 4: the option to take GLP ones. Novo and Eli Lilly 21 00:01:20,600 --> 00:01:23,320 Speaker 4: together right now, are selling those drugs to round ten 22 00:01:23,720 --> 00:01:27,880 Speaker 4: to fifteen million people in the US. The total number 23 00:01:27,959 --> 00:01:30,479 Speaker 4: of people living with obesity in the country is actually 24 00:01:30,480 --> 00:01:33,640 Speaker 4: expected to be estimated to be one hundred and ten million, 25 00:01:33,800 --> 00:01:38,280 Speaker 4: so perhaps these developments will make everyone be able to 26 00:01:38,319 --> 00:01:39,319 Speaker 4: take them well. 27 00:01:39,360 --> 00:01:42,479 Speaker 1: Speaking of GLP ones, let's talk about hamburgers. 28 00:01:42,880 --> 00:01:47,039 Speaker 4: Yeah, good transition, Thank you. Funny enough I. 29 00:01:47,000 --> 00:01:48,800 Speaker 1: Got to do that. I was like, can I talk 30 00:01:48,800 --> 00:01:49,640 Speaker 1: about hamburgers? 31 00:01:49,680 --> 00:01:53,800 Speaker 4: It was perfect, It was perfect. Hamburgers are not doing 32 00:01:53,800 --> 00:01:54,280 Speaker 4: that well. 33 00:01:54,520 --> 00:01:55,880 Speaker 1: Is it because of GLP ones? 34 00:01:55,920 --> 00:01:59,080 Speaker 4: Well, allegedly, according to the CEO, it is not. It 35 00:01:59,120 --> 00:02:02,800 Speaker 4: is because of in clement weather. They were saying that 36 00:02:03,120 --> 00:02:07,480 Speaker 4: a lot fewer people were going to their store, to 37 00:02:07,520 --> 00:02:11,120 Speaker 4: their restaurants rather, and they weren't buying hamburgers. I'm thinking 38 00:02:11,160 --> 00:02:14,040 Speaker 4: that it's part of a broader shift away from some 39 00:02:14,080 --> 00:02:17,120 Speaker 4: of these meals we've seen it. Consumers are kind of 40 00:02:17,160 --> 00:02:20,520 Speaker 4: downsizing what they're eatings and also eating. And also some 41 00:02:20,600 --> 00:02:24,920 Speaker 4: of these fast casual restaurants have been struggling a lot. Chipotle, Kava, 42 00:02:25,000 --> 00:02:27,320 Speaker 4: Sweet Green. People are just not into those pops. 43 00:02:27,320 --> 00:02:30,640 Speaker 1: Hold on, hold on, do we put Shakeshack in the 44 00:02:31,320 --> 00:02:35,280 Speaker 1: fast casual category of like Kava, sweet Green, dig those things. 45 00:02:35,639 --> 00:02:38,480 Speaker 1: I feel like Shakeshacks like sort of like a dinner 46 00:02:38,600 --> 00:02:40,120 Speaker 1: indulger with I. 47 00:02:40,120 --> 00:02:43,840 Speaker 4: Think investors do, but we clearly don't. I feel like 48 00:02:44,240 --> 00:02:48,200 Speaker 4: sweet Green is for your sad bowl, sad desk bowl 49 00:02:48,200 --> 00:02:50,920 Speaker 4: that you eat for lunch when you're in the office. 50 00:02:51,080 --> 00:02:53,040 Speaker 4: Shack is like a treat. It brings you joy, it 51 00:02:53,040 --> 00:02:53,880 Speaker 4: makes you excited. 52 00:02:54,040 --> 00:02:54,680 Speaker 1: Yeah, I agree. 53 00:02:55,000 --> 00:02:57,880 Speaker 3: I think I go to the air to eat Shakeshack. 54 00:02:57,960 --> 00:03:01,880 Speaker 3: So maybe there's some signal about people traveling less. 55 00:03:02,240 --> 00:03:05,080 Speaker 4: That's a good Everything is an economic indicator. 56 00:03:05,320 --> 00:03:08,520 Speaker 3: I I'll be honest. I initially laughed at that inclement weather, 57 00:03:08,840 --> 00:03:12,200 Speaker 3: but the more I thought about it, Shakeshack doesn't travel well. 58 00:03:12,360 --> 00:03:14,400 Speaker 3: You know, like it wouldn't be good to order that 59 00:03:14,639 --> 00:03:17,440 Speaker 3: yeah Uber Eats because it's like it's a burger, it's. 60 00:03:17,360 --> 00:03:19,320 Speaker 4: Gonna be all it'll be all soggy. 61 00:03:19,400 --> 00:03:22,200 Speaker 3: Yeah, Whereas like you could probably get away with a 62 00:03:22,320 --> 00:03:25,359 Speaker 3: Chipotle door dash order right. 63 00:03:25,520 --> 00:03:30,800 Speaker 1: Delta and Shakeshack last year announced this expanded partnership first 64 00:03:30,840 --> 00:03:33,320 Speaker 1: class flights out of Atlanta, LA, New York and some 65 00:03:33,360 --> 00:03:36,400 Speaker 1: others with Shakeshack. Okay, so they're trying to like make 66 00:03:36,440 --> 00:03:37,640 Speaker 1: the shakeshack on the plane. 67 00:03:38,000 --> 00:03:40,400 Speaker 4: I saw an influencer post on Instagram that she was 68 00:03:40,400 --> 00:03:42,760 Speaker 4: having shakeshack on her adulta flight. I was very jealous. 69 00:03:42,880 --> 00:03:45,120 Speaker 3: Yes, but you pay like two thousand dollars for a 70 00:03:45,200 --> 00:03:48,360 Speaker 3: first class and then served a hamburger. 71 00:03:48,480 --> 00:03:52,000 Speaker 1: Okay, okay, so wait, I have one more comment on 72 00:03:52,000 --> 00:03:52,800 Speaker 1: on shakeshack. 73 00:03:53,160 --> 00:03:53,480 Speaker 4: What's that? 74 00:03:53,800 --> 00:03:53,920 Speaker 2: Uh? 75 00:03:55,320 --> 00:03:56,680 Speaker 1: I forgot it? So I don't have it? 76 00:03:56,920 --> 00:03:59,160 Speaker 3: All right? We have one more consumer name to get 77 00:03:59,160 --> 00:04:00,280 Speaker 3: to a n f and. 78 00:04:00,560 --> 00:04:03,680 Speaker 4: F Abercromine Fitch. This one is a throwback. I was 79 00:04:03,800 --> 00:04:07,280 Speaker 4: a big fan back in middle school. It had a 80 00:04:07,360 --> 00:04:09,960 Speaker 4: nice revival in the past couple of years, but it 81 00:04:10,200 --> 00:04:15,200 Speaker 4: sank today eighteen percent after holiday sales disappointed investors. That 82 00:04:15,360 --> 00:04:20,360 Speaker 4: also sparked a retail sell off, seeing companies like Urban 83 00:04:20,400 --> 00:04:24,359 Speaker 4: Outfitters also falling. It had jumped ninety percent since the 84 00:04:24,360 --> 00:04:27,760 Speaker 4: company reported strong third quarter results in November, which is 85 00:04:27,800 --> 00:04:31,919 Speaker 4: a pretty incredible run, but they plummeted eighteen percent today, 86 00:04:31,960 --> 00:04:34,159 Speaker 4: So perhaps the bar was just really high going into 87 00:04:34,200 --> 00:04:38,239 Speaker 4: this earning season. And also people were hoping that holiday 88 00:04:38,240 --> 00:04:40,760 Speaker 4: shoppers would give a boost to some of the retail stocks, 89 00:04:40,760 --> 00:04:42,560 Speaker 4: and that was kind of a signal that it didn't. 90 00:04:42,640 --> 00:04:45,000 Speaker 1: We going from six percent to five percent, that's not nothing. 91 00:04:45,880 --> 00:04:47,800 Speaker 1: And like you said, I feel like you said, the 92 00:04:47,800 --> 00:04:50,240 Speaker 1: bar was really high. Where are we in sort of 93 00:04:50,279 --> 00:04:53,000 Speaker 1: like Emily was explaining this to me a little earlier, 94 00:04:53,000 --> 00:04:55,920 Speaker 1: but like just in twenty seconds, where where does Abercrombie 95 00:04:55,960 --> 00:04:59,520 Speaker 1: kind of live in the retail and fashion world right now? 96 00:05:00,040 --> 00:05:02,560 Speaker 4: It's kind of, I guess a mixed bag. When you 97 00:05:02,600 --> 00:05:05,520 Speaker 4: look at retail stock's broadly. Lululemon, for example, which has 98 00:05:05,560 --> 00:05:09,080 Speaker 4: been struggling, saw a revival. Abercrombie has been a hit. 99 00:05:09,120 --> 00:05:11,480 Speaker 4: There's been a revival in the Y two K style. 100 00:05:12,200 --> 00:05:14,880 Speaker 4: The stock has been doing well. But we'll see maybe 101 00:05:15,040 --> 00:05:17,720 Speaker 4: some of the losers of last year becoming winners this year, 102 00:05:17,760 --> 00:05:19,280 Speaker 4: and vice versa. 103 00:05:20,000 --> 00:05:24,040 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 104 00:05:24,120 --> 00:05:26,680 Speaker 2: us throughout the day for the latest roundup of companies 105 00:05:26,760 --> 00:05:29,880 Speaker 2: making news on Wall Street and for the latest market 106 00:05:29,880 --> 00:05:34,360 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 107 00:05:34,440 --> 00:05:37,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 108 00:05:38,000 --> 00:05:39,520 Speaker 2: the Bloomberg Business app.