Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Emi Grafeo with Tim Senovic, and we're joined by
Speaker 3: Bloomberg News Equities reporter Alex Semonova. Let's start with healthcare stocks.
Speaker 4: We obviously have a lot of developments coming out of
Speaker 4: the JP Morgan Healthcare conference and guys, unsurprisingly a hot
Speaker 4: topic there is GLP one drugs. We have Eli Lilly's
Speaker 4: CEO talking with our own Katie Greifeld, saying that the
Speaker 4: company expects its highly anticipated pill version of its GLP
Speaker 4: one drug to get regulatory approval as early as the
Speaker 4: second quarter of this year. That is slightly later than
Speaker 4: it signaled. However, there still is a lot of enthusiasm
Speaker 4: for this version of the drug. It makes more accessible
Speaker 4: to people who are afraid of needles, and that's also
Speaker 4: something that Novo Nordisk gets competitor touted. It said that
Speaker 4: its pill is also going to hit the markets and
Speaker 4: what this will do is give you know, more people
Speaker 4: the option to take GLP ones. Novo and Eli Lilly
Speaker 4: together right now, are selling those drugs to round ten
Speaker 4: to fifteen million people in the US. The total number
Speaker 4: of people living with obesity in the country is actually
Speaker 4: expected to be estimated to be one hundred and ten million,
Speaker 4: so perhaps these developments will make everyone be able to
Speaker 4: take them well.
Speaker 1: Speaking of GLP ones, let's talk about hamburgers.
Speaker 4: Yeah, good transition, Thank you. Funny enough I.
Speaker 1: Got to do that. I was like, can I talk
Speaker 1: about hamburgers?
Speaker 4: It was perfect, It was perfect. Hamburgers are not doing
Speaker 4: that well.
Speaker 1: Is it because of GLP ones?
Speaker 4: Well, allegedly, according to the CEO, it is not. It
Speaker 4: is because of in clement weather. They were saying that
Speaker 4: a lot fewer people were going to their store, to
Speaker 4: their restaurants rather, and they weren't buying hamburgers. I'm thinking
Speaker 4: that it's part of a broader shift away from some
Speaker 4: of these meals we've seen it. Consumers are kind of
Speaker 4: downsizing what they're eatings and also eating. And also some
Speaker 4: of these fast casual restaurants have been struggling a lot. Chipotle, Kava,
Speaker 4: Sweet Green. People are just not into those pops.
Speaker 1: Hold on, hold on, do we put Shakeshack in the
Speaker 1: fast casual category of like Kava, sweet Green, dig those things.
Speaker 1: I feel like Shakeshacks like sort of like a dinner
Speaker 1: indulger with I.
Speaker 4: Think investors do, but we clearly don't. I feel like
Speaker 4: sweet Green is for your sad bowl, sad desk bowl
Speaker 4: that you eat for lunch when you're in the office.
Speaker 4: Shack is like a treat. It brings you joy, it
Speaker 4: makes you excited.
Speaker 1: Yeah, I agree.
Speaker 3: I think I go to the air to eat Shakeshack.
Speaker 3: So maybe there's some signal about people traveling less.
Speaker 4: That's a good Everything is an economic indicator.
Speaker 3: I I'll be honest. I initially laughed at that inclement weather,
Speaker 3: but the more I thought about it, Shakeshack doesn't travel well.
Speaker 3: You know, like it wouldn't be good to order that
Speaker 3: yeah Uber Eats because it's like it's a burger, it's.
Speaker 4: Gonna be all it'll be all soggy.
Speaker 3: Yeah, Whereas like you could probably get away with a
Speaker 3: Chipotle door dash order right.
Speaker 1: Delta and Shakeshack last year announced this expanded partnership first
Speaker 1: class flights out of Atlanta, LA, New York and some
Speaker 1: others with Shakeshack. Okay, so they're trying to like make
Speaker 1: the shakeshack on the plane.
Speaker 4: I saw an influencer post on Instagram that she was
Speaker 4: having shakeshack on her adulta flight. I was very jealous.
Speaker 3: Yes, but you pay like two thousand dollars for a
Speaker 3: first class and then served a hamburger.
Speaker 1: Okay, okay, so wait, I have one more comment on
Speaker 1: on shakeshack.
Speaker 4: What's that?
Speaker 2: Uh?
Speaker 1: I forgot it? So I don't have it?
Speaker 3: All right? We have one more consumer name to get
Speaker 3: to a n f and.
Speaker 4: F Abercromine Fitch. This one is a throwback. I was
Speaker 4: a big fan back in middle school. It had a
Speaker 4: nice revival in the past couple of years, but it
Speaker 4: sank today eighteen percent after holiday sales disappointed investors. That
Speaker 4: also sparked a retail sell off, seeing companies like Urban
Speaker 4: Outfitters also falling. It had jumped ninety percent since the
Speaker 4: company reported strong third quarter results in November, which is
Speaker 4: a pretty incredible run, but they plummeted eighteen percent today,
Speaker 4: So perhaps the bar was just really high going into
Speaker 4: this earning season. And also people were hoping that holiday
Speaker 4: shoppers would give a boost to some of the retail stocks,
Speaker 4: and that was kind of a signal that it didn't.
Speaker 1: We going from six percent to five percent, that's not nothing.
Speaker 1: And like you said, I feel like you said, the
Speaker 1: bar was really high. Where are we in sort of
Speaker 1: like Emily was explaining this to me a little earlier,
Speaker 1: but like just in twenty seconds, where where does Abercrombie
Speaker 1: kind of live in the retail and fashion world right now?
Speaker 4: It's kind of, I guess a mixed bag. When you
Speaker 4: look at retail stock's broadly. Lululemon, for example, which has
Speaker 4: been struggling, saw a revival. Abercrombie has been a hit.
Speaker 4: There's been a revival in the Y two K style.
Speaker 4: The stock has been doing well. But we'll see maybe
Speaker 4: some of the losers of last year becoming winners this year,
Speaker 4: and vice versa.
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