1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,200 --> 00:00:18,919 Speaker 3: Let's take a look here at some of the stocks 5 00:00:18,960 --> 00:00:21,599 Speaker 3: on the move today. I'm Paul Sweeney with Normal Linda 6 00:00:21,640 --> 00:00:23,880 Speaker 3: and we're joined by Bloomers Isabelle Lee, isabel What are 7 00:00:23,880 --> 00:00:24,240 Speaker 3: you looking at? 8 00:00:24,680 --> 00:00:27,400 Speaker 1: We have to start with Walgreens. So shares are hired 9 00:00:27,440 --> 00:00:29,760 Speaker 1: by just six tens of one percent, but the company 10 00:00:29,800 --> 00:00:32,640 Speaker 1: reported profits that beat expectations. And this is one of 11 00:00:32,640 --> 00:00:35,680 Speaker 1: the last quarters of Walgreens as a public company, and 12 00:00:35,720 --> 00:00:37,960 Speaker 1: this is hopeful signed because the company prepares to transform 13 00:00:37,960 --> 00:00:40,879 Speaker 1: into private company later this year. So just that EPs 14 00:00:40,920 --> 00:00:43,600 Speaker 1: came in a thirty one cents that's above estimates. Revenue 15 00:00:43,640 --> 00:00:46,519 Speaker 1: also came and hire a thirty nine billion, also above estimates. 16 00:00:46,520 --> 00:00:49,120 Speaker 1: So Walgreens is the second largest US pharmacy chain, and 17 00:00:49,120 --> 00:00:51,360 Speaker 1: it's set to be purchased by Sycamore Partners, that's their 18 00:00:51,400 --> 00:00:54,200 Speaker 1: private equity firm, for ten billion dollars by the end 19 00:00:54,200 --> 00:00:56,320 Speaker 1: of this year. It's also in the process of selling 20 00:00:56,320 --> 00:00:59,600 Speaker 1: its health clinic business Village MD. So you see shares 21 00:01:00,280 --> 00:01:01,400 Speaker 1: by six tens to one percent. 22 00:01:01,960 --> 00:01:04,000 Speaker 4: Definitely interesting seeing all this M and A that's happening 23 00:01:04,040 --> 00:01:06,440 Speaker 4: right now in the healthcare space and all the IPOs 24 00:01:06,520 --> 00:01:09,040 Speaker 4: going on. But you're looking at some other names that 25 00:01:09,080 --> 00:01:10,480 Speaker 4: are not in the healthcare space. 26 00:01:10,480 --> 00:01:12,520 Speaker 1: What are you watching McCormick. So if you don't know 27 00:01:12,560 --> 00:01:14,360 Speaker 1: this brand, it means you're not in the kitchen enough. 28 00:01:14,400 --> 00:01:18,080 Speaker 1: It's a flavor and spce maker exactly, and shares jumped 29 00:01:18,080 --> 00:01:19,840 Speaker 1: as much as six point one percent. That's the most 30 00:01:19,880 --> 00:01:22,720 Speaker 1: intradacence June twenty twenty four. Now it's higher by just 31 00:01:22,760 --> 00:01:26,319 Speaker 1: around five five point eight percent. So the company reported 32 00:01:26,360 --> 00:01:29,839 Speaker 1: EPs the top estimates and management also reaffirm its profit 33 00:01:29,880 --> 00:01:31,760 Speaker 1: and sales guidemce. So it is worth noting that the 34 00:01:31,760 --> 00:01:34,400 Speaker 1: company's outlook is based on Tire's currently in place, so 35 00:01:34,680 --> 00:01:37,080 Speaker 1: they don't really factor in any potential actions that may 36 00:01:37,120 --> 00:01:39,680 Speaker 1: arise for the remainder of twenty twenty five. But I 37 00:01:39,720 --> 00:01:42,759 Speaker 1: guess it's really hard to predict, especially with taco trade 38 00:01:42,760 --> 00:01:43,760 Speaker 1: and the tit for tat. 39 00:01:44,840 --> 00:01:47,160 Speaker 3: Where you get all these spices. 40 00:01:46,800 --> 00:01:48,960 Speaker 1: Made, it's mixed, yes, from all over the world, so 41 00:01:49,000 --> 00:01:51,720 Speaker 1: it's mixed, and that's why they're incrementally affected. We have 42 00:01:51,720 --> 00:01:54,480 Speaker 1: Bernstein's Alexia Howard, those who carries the street high price 43 00:01:54,560 --> 00:01:57,160 Speaker 1: target of McCormick. That's around one oh one dollars. She's 44 00:01:57,160 --> 00:01:59,320 Speaker 1: saying that it's time to back up the truck on 45 00:01:59,360 --> 00:01:59,760 Speaker 1: this one. 46 00:01:59,800 --> 00:02:01,800 Speaker 2: So that's really first stop there. 47 00:02:01,840 --> 00:02:05,240 Speaker 3: Over the last five years has done zero percent compound 48 00:02:05,240 --> 00:02:07,360 Speaker 3: and annual growth. So I'm backing up the truck. I 49 00:02:07,360 --> 00:02:08,680 Speaker 3: don't be a little minivan. 50 00:02:08,720 --> 00:02:10,640 Speaker 2: Maybe we'll see it all right? What else you have 51 00:02:10,680 --> 00:02:11,000 Speaker 2: for us? 52 00:02:11,160 --> 00:02:13,480 Speaker 1: Nike so shares are reporting after the bell today. The 53 00:02:13,520 --> 00:02:16,000 Speaker 1: stock is up by around one point eighteen percent, so 54 00:02:16,280 --> 00:02:18,960 Speaker 1: investors will be looking for updates on the company's new products, 55 00:02:19,280 --> 00:02:22,120 Speaker 1: China business, and tariff impacts. We have Third Bridge saying 56 00:02:22,160 --> 00:02:24,880 Speaker 1: that investors will be looking at how management will be 57 00:02:24,919 --> 00:02:27,560 Speaker 1: able to grow new product lines. Bloomberg Intelligence is saying 58 00:02:27,600 --> 00:02:30,360 Speaker 1: that there will be a focus on women's business, especially 59 00:02:30,400 --> 00:02:33,560 Speaker 1: after its new partnership with Kim Kardashian was pushed back 60 00:02:34,160 --> 00:02:37,400 Speaker 1: due to several delays. Jeffries is overall optimistic with their 61 00:02:37,480 --> 00:02:40,640 Speaker 1: efforts to clear inventory. They say that it's paying off. 62 00:02:40,760 --> 00:02:42,960 Speaker 1: I have to bring up though there's online frenzy surrounding 63 00:02:42,960 --> 00:02:46,560 Speaker 1: a Nike sneaker loafer called a snow first, snow first, 64 00:02:46,560 --> 00:02:50,960 Speaker 1: snow first, so it has yet to launch and resale 65 00:02:50,960 --> 00:02:52,920 Speaker 1: prices are already past five hundred dollars. 66 00:02:53,000 --> 00:02:56,079 Speaker 3: That's interesting written all over there, too much. 67 00:02:56,120 --> 00:02:57,600 Speaker 4: I can never do and see what these look like. 68 00:02:57,680 --> 00:03:00,840 Speaker 4: That's Nike in for the ticker to snow. 69 00:03:01,080 --> 00:03:02,679 Speaker 3: But I don't know for I'll see if the kids, 70 00:03:02,720 --> 00:03:05,120 Speaker 3: I mean people wear the sneakers with their suits these days, I. 71 00:03:05,120 --> 00:03:06,880 Speaker 4: Don't know, and slip them on and go on about 72 00:03:06,880 --> 00:03:09,760 Speaker 4: your day, or sneakers that look dirty by design that 73 00:03:10,400 --> 00:03:11,760 Speaker 4: and they pay more for that these days. 74 00:03:13,200 --> 00:03:17,320 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 75 00:03:17,400 --> 00:03:20,160 Speaker 2: us throughout the day for the latest roundup of companies 76 00:03:20,200 --> 00:03:23,239 Speaker 2: making news on Wall Street and for the latest market 77 00:03:23,280 --> 00:03:27,680 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 78 00:03:27,720 --> 00:03:30,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 79 00:03:31,000 --> 00:03:32,480 Speaker 2: the Bloomberg Business app.