1 00:00:00,080 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,680 --> 00:00:20,320 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:20,360 --> 00:00:23,480 Speaker 2: I'm Baby Lipshaltz with Katie Greifeld, and we're joined by 6 00:00:23,560 --> 00:00:28,360 Speaker 2: Bloomberg News Deputy team leader for US Equities, Jess met In. Jess, 7 00:00:28,400 --> 00:00:31,319 Speaker 2: a lot going on. What's top of the lineup for you? 8 00:00:31,480 --> 00:00:33,640 Speaker 3: Well, looking at the MOB function for the S and 9 00:00:33,640 --> 00:00:36,680 Speaker 3: P five hundred, so top the leaderboard today, it's actually 10 00:00:36,800 --> 00:00:40,160 Speaker 3: Data Dog. So the ticker is DDOG, so of course 11 00:00:40,240 --> 00:00:42,920 Speaker 3: one of Tom km's favorites. I'm sure this is a 12 00:00:42,960 --> 00:00:45,879 Speaker 3: software provider, and it's actually rising on the back of 13 00:00:45,920 --> 00:00:49,000 Speaker 3: a number of other companies that had reported results today. 14 00:00:49,040 --> 00:00:52,000 Speaker 3: If you're looking at Snowflake as well as Mongo dB, 15 00:00:52,000 --> 00:00:54,080 Speaker 3: but specifically with Data Dog. If you look at this 16 00:00:54,160 --> 00:00:57,280 Speaker 3: stock up over seven percent right now on pay Sports, 17 00:00:57,320 --> 00:01:00,639 Speaker 3: best day since July third and all, so looking at 18 00:01:00,680 --> 00:01:03,400 Speaker 3: basically just on where it's been so far this year, 19 00:01:03,480 --> 00:01:06,400 Speaker 3: basically gone nowhere, still down about two percent, so currently 20 00:01:06,440 --> 00:01:09,760 Speaker 3: sits about twenty five percent below it's twenty five or 21 00:01:09,800 --> 00:01:12,920 Speaker 3: it's fifty two week high actually and still holding near 22 00:01:12,959 --> 00:01:15,440 Speaker 3: that two hundred day moving average. So just to point 23 00:01:15,440 --> 00:01:18,080 Speaker 3: out in perspective data, Jog joined the S and P 24 00:01:18,240 --> 00:01:21,320 Speaker 3: five hundred actually in early July, so it hasn't been 25 00:01:21,360 --> 00:01:23,679 Speaker 3: in the major index that long. So the stocks up 26 00:01:24,000 --> 00:01:28,520 Speaker 3: actually down roughly four percent since it did replace Juniper Networks. 27 00:01:28,560 --> 00:01:30,320 Speaker 3: But if you look over at some of its piers two, 28 00:01:30,360 --> 00:01:33,440 Speaker 3: Snowflake up over twenty percent right now on pace for 29 00:01:33,520 --> 00:01:36,440 Speaker 3: it's best day since November twenty twenty four. And snow 30 00:01:36,480 --> 00:01:37,880 Speaker 3: is the ticker, some blaw on that. And you look 31 00:01:37,920 --> 00:01:41,319 Speaker 3: at Mango dB MDB is the ticker up eight percent 32 00:01:41,400 --> 00:01:44,160 Speaker 3: right now on pace for its best day since actually yesterday. 33 00:01:44,280 --> 00:01:47,720 Speaker 3: Oh there you go. And you particularly like the logo. 34 00:01:47,480 --> 00:01:49,280 Speaker 2: Of this com I love the logo if you haven't 35 00:01:49,320 --> 00:01:52,320 Speaker 2: seen it, it's a puppy holding an image. It really is. 36 00:01:52,480 --> 00:01:52,720 Speaker 3: Yeah. 37 00:01:52,720 --> 00:01:54,600 Speaker 2: When they went public, I remember I was like, am 38 00:01:54,640 --> 00:01:57,120 Speaker 2: I allowed to get a T shirt of this company 39 00:01:57,200 --> 00:02:00,880 Speaker 2: logo because it's my favorite? But jess Less fun Less 40 00:02:00,920 --> 00:02:02,960 Speaker 2: software e unforged Foods. 41 00:02:03,040 --> 00:02:08,320 Speaker 3: Thanks, that's super fun? Okay, maker spam right and other 42 00:02:08,480 --> 00:02:12,040 Speaker 3: Deli meets HRL is the ticker symboled down more than 43 00:02:12,080 --> 00:02:14,040 Speaker 3: twelve percent, so I had to double check this, but 44 00:02:14,120 --> 00:02:17,040 Speaker 3: this looks like the potentially if this holds through the clothes, 45 00:02:17,040 --> 00:02:20,280 Speaker 3: it would be its biggest one day percentage drop on record, 46 00:02:20,320 --> 00:02:24,640 Speaker 3: if you'll get data going back through Bloomberg since nineteen eighty. 47 00:02:24,680 --> 00:02:28,359 Speaker 3: Theres so tough year for hormal shid about twenty percent 48 00:02:28,480 --> 00:02:30,679 Speaker 3: of its value so far in twenty twenty five. The 49 00:02:30,720 --> 00:02:33,440 Speaker 3: reason for today the cost pressures are stinging some of 50 00:02:33,440 --> 00:02:35,800 Speaker 3: those profits. So it posted a third quarter profit that 51 00:02:35,840 --> 00:02:39,240 Speaker 3: missed estimates and it cut its yearly guidance here, and 52 00:02:39,240 --> 00:02:42,160 Speaker 3: then during the earnings call, the company talked about taking 53 00:02:42,200 --> 00:02:45,799 Speaker 3: on targeted pricing actions there, and they're also expecting that 54 00:02:45,960 --> 00:02:49,679 Speaker 3: the profit recovery to still lag here next year as well. 55 00:02:49,720 --> 00:02:52,880 Speaker 3: So if you look over at Jim Bartash's at Bloomberg Intelligence, 56 00:02:52,880 --> 00:02:55,240 Speaker 3: so one of our top strategists that covers this corner 57 00:02:55,280 --> 00:02:57,160 Speaker 3: of the market, she was talking about how margin and 58 00:02:57,200 --> 00:03:01,000 Speaker 3: profits likely still remain pressured in the fourth quarter on 59 00:03:01,160 --> 00:03:04,720 Speaker 3: elevated pork and beef prices here. So if you look 60 00:03:04,720 --> 00:03:07,519 Speaker 3: at the an R function, three buys eight holds one cell. 61 00:03:07,720 --> 00:03:10,120 Speaker 3: All right, man, I hate to see those elevated pork 62 00:03:10,240 --> 00:03:13,600 Speaker 3: and beef prices. There. Let's talk about something totally different, 63 00:03:13,600 --> 00:03:15,799 Speaker 3: and that is Bath and Bodyworks. I know you're keeping 64 00:03:15,800 --> 00:03:17,480 Speaker 3: an eye on that company. I have to say I 65 00:03:17,520 --> 00:03:19,720 Speaker 3: always got them confused with bed, bath and bee. I 66 00:03:19,720 --> 00:03:21,600 Speaker 3: know I was gonna say, because usually that's one of 67 00:03:21,600 --> 00:03:25,200 Speaker 3: of course Bailey's favorites when it comes to bed, bathroom belock. 68 00:03:25,360 --> 00:03:28,160 Speaker 3: This is Bath and Bodywork. So BBWI is the ticker 69 00:03:28,200 --> 00:03:30,960 Speaker 3: symlo on this so down almost eight percent, so on 70 00:03:30,960 --> 00:03:33,680 Speaker 3: pace for its worst day since April tenth earlier this year. 71 00:03:33,720 --> 00:03:37,160 Speaker 3: So of course, specialty retailer body care products actually cut 72 00:03:37,200 --> 00:03:39,360 Speaker 3: its outlook, so it's lowered the top end of its 73 00:03:39,400 --> 00:03:42,360 Speaker 3: sales growth range forecast for the full year. I'd also 74 00:03:42,360 --> 00:03:45,520 Speaker 3: said it expects Terris to hurt gross profits by roughly 75 00:03:45,600 --> 00:03:48,640 Speaker 3: eighty five million dollars. And then this is a company. 76 00:03:48,720 --> 00:03:50,200 Speaker 3: It's not in the S and P five hundred, It's 77 00:03:50,200 --> 00:03:52,840 Speaker 3: in the Russell one thousand index. It's also actually in 78 00:03:52,880 --> 00:03:55,680 Speaker 3: the S and P four hundred MidCap index. Its market 79 00:03:55,680 --> 00:03:58,280 Speaker 3: cap is around six billion dollars. So if you're looking 80 00:03:58,320 --> 00:04:01,840 Speaker 3: at basically word is this year's lost about a quarter 81 00:04:01,880 --> 00:04:02,880 Speaker 3: of its value so far. 82 00:04:02,960 --> 00:04:09,800 Speaker 1: Guys, the Stockmovers report from Bloomberg Radio. Check back with 83 00:04:09,880 --> 00:04:12,440 Speaker 1: us throughout the day for the latest roundup of companies 84 00:04:12,520 --> 00:04:15,640 Speaker 1: making news on Wall Street and for the latest market 85 00:04:15,640 --> 00:04:20,120 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 86 00:04:20,200 --> 00:04:23,719 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 87 00:04:23,800 --> 00:04:25,279 Speaker 1: the Bloomberg Business app.