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 00:00:17,360 --> 00:00:19,720 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,760 --> 00:00:22,279 Speaker 1: I'm Tim Stanoveek along with normal Linda. We are joined 6 00:00:22,320 --> 00:00:26,119 Speaker 1: by Bloomberg News equities reporter Carmen Reinicky. It's one of 7 00:00:26,160 --> 00:00:29,360 Speaker 1: those days, Carmen, where it's hard to find stories about 8 00:00:29,360 --> 00:00:30,400 Speaker 1: individual stocks. 9 00:00:30,600 --> 00:00:33,199 Speaker 3: Yeah, there are not a ton of exciting movers that 10 00:00:33,320 --> 00:00:36,280 Speaker 3: we're catching my eye today, but one that is interesting 11 00:00:36,320 --> 00:00:39,920 Speaker 3: is Carrig Doctor Pepper ticker KDP shares are down eleven 12 00:00:39,920 --> 00:00:42,120 Speaker 3: percent today. This is the worst one day drop since 13 00:00:42,120 --> 00:00:44,520 Speaker 3: March twenty twenty, which we all know that's a big date, 14 00:00:44,680 --> 00:00:48,440 Speaker 3: so significant decline here in the shares of KADP. So 15 00:00:48,520 --> 00:00:51,440 Speaker 3: the company said that it will acquire JdE Peete in 16 00:00:51,479 --> 00:00:55,160 Speaker 3: an all cash transaction for a total of fifteen billion 17 00:00:55,240 --> 00:00:59,960 Speaker 3: euros or about eighteen billion dollars. The decline and share 18 00:01:00,160 --> 00:01:04,880 Speaker 3: is likely due to JB cashing out its ownership. That's 19 00:01:04,920 --> 00:01:08,440 Speaker 3: whatever core i SI is attributing that to. Other analysts. 20 00:01:08,480 --> 00:01:11,319 Speaker 3: See some other areas of risk that seems to. 21 00:01:11,240 --> 00:01:13,600 Speaker 1: Be the main reason this is such an interesting story 22 00:01:13,680 --> 00:01:17,160 Speaker 1: because less than a decade ago, the big story was, Okay, 23 00:01:18,000 --> 00:01:20,360 Speaker 1: JB Holdings is going to buy like all the coffee 24 00:01:20,680 --> 00:01:25,919 Speaker 1: in the world and control whether that's you know, Krispy Kreme, Pete, 25 00:01:29,400 --> 00:01:32,800 Speaker 1: What's what's that called prette do Mange. 26 00:01:32,880 --> 00:01:33,880 Speaker 4: I wasn't gonna get that one. 27 00:01:34,280 --> 00:01:38,399 Speaker 1: Few of them, Prett, They're all on the tip of 28 00:01:38,400 --> 00:01:41,280 Speaker 1: my tongue. But they had they had war Havelf Steaks 29 00:01:41,319 --> 00:01:43,160 Speaker 1: and all of these. And you know, there was a 30 00:01:43,200 --> 00:01:44,880 Speaker 1: time where they were doing like a coffee pass to 31 00:01:45,000 --> 00:01:48,200 Speaker 1: Prett before the pandemic, and that strategy is now kind 32 00:01:48,200 --> 00:01:48,840 Speaker 1: of out the window. 33 00:01:49,520 --> 00:01:52,280 Speaker 3: Yeah, and it seems to have just like completely changed 34 00:01:52,320 --> 00:01:56,480 Speaker 3: and sort of the the like specifics of the deal 35 00:01:56,760 --> 00:01:59,160 Speaker 3: are really important here, and there are so many details 36 00:01:59,160 --> 00:02:00,920 Speaker 3: I would I would reck men people, you don't get 37 00:02:00,920 --> 00:02:02,920 Speaker 3: on the terminal and read the coverage because I barely 38 00:02:03,000 --> 00:02:07,280 Speaker 3: understand half of this language here. But yeah, analysts really 39 00:02:07,280 --> 00:02:12,400 Speaker 3: called out and had several questions about how this deal 40 00:02:12,440 --> 00:02:14,440 Speaker 3: will be allocated. Basically, and if. 41 00:02:14,360 --> 00:02:15,960 Speaker 4: You're looking at a stock, it seems like Wall Street 42 00:02:15,960 --> 00:02:18,760 Speaker 4: analysts they are saying Toubai sixty five percent have a 43 00:02:18,800 --> 00:02:21,480 Speaker 4: by rating on it thirty five percent, a hold zero 44 00:02:21,520 --> 00:02:24,600 Speaker 4: percent with the cell rating. You're also looking at shares 45 00:02:24,680 --> 00:02:27,040 Speaker 4: of Roadblocks. What's going on with that company today? 46 00:02:27,120 --> 00:02:30,959 Speaker 3: Yeah, so shares a Roadblox ticker RBLX are up six 47 00:02:31,000 --> 00:02:33,640 Speaker 3: point two percent today. This is the best one day 48 00:02:33,720 --> 00:02:37,160 Speaker 3: move since July thirty first. Basically, what happened is analyst 49 00:02:37,240 --> 00:02:42,240 Speaker 3: Alicia Reese at Wedbush defended the company, she says the 50 00:02:42,240 --> 00:02:46,240 Speaker 3: most compelling growth opportunity in the video game sector, and 51 00:02:46,320 --> 00:02:49,720 Speaker 3: she's defending it against sort of some ongoing legal threats, 52 00:02:49,760 --> 00:02:54,760 Speaker 3: including actually some Bloomberg reporting about some lawsuits where that 53 00:02:54,800 --> 00:02:58,680 Speaker 3: are accusing the company of sufficiently not sufficiently protecting children 54 00:02:58,680 --> 00:03:03,400 Speaker 3: on the platform. However, Reese says, we expect some ongoing 55 00:03:03,440 --> 00:03:06,280 Speaker 3: volatility and Roadblock share price when new hit pieces or 56 00:03:06,360 --> 00:03:09,880 Speaker 3: legal actions surface. However, Roadblocks continues to be quick to 57 00:03:09,919 --> 00:03:12,480 Speaker 3: respond with meaningful actions. It has taken in plans to 58 00:03:12,520 --> 00:03:15,680 Speaker 3: create a safe and engaging environment across its age cohorts. 59 00:03:15,760 --> 00:03:19,240 Speaker 3: So a big vote of confidence there for Roadblocks. And 60 00:03:19,280 --> 00:03:21,240 Speaker 3: so maybe I'm out of the loop, but I'm looking 61 00:03:21,280 --> 00:03:23,600 Speaker 3: at the year to day chart. Shares of Roadblocks are 62 00:03:23,600 --> 00:03:26,639 Speaker 3: of one hundred and fifteen percent. It's clearly been a 63 00:03:26,680 --> 00:03:29,120 Speaker 3: great year for them. If you're an investor in that company, 64 00:03:29,280 --> 00:03:31,760 Speaker 3: you're seeing some great returns today. Yeah, I was actually 65 00:03:31,840 --> 00:03:34,800 Speaker 3: just looking to so that July thirty first date that 66 00:03:34,920 --> 00:03:38,280 Speaker 3: I cited was I think a record high for the shares. 67 00:03:38,600 --> 00:03:40,880 Speaker 3: So yeah, it's been a big, a big growth story 68 00:03:40,880 --> 00:03:41,240 Speaker 3: this year. 69 00:03:41,400 --> 00:03:44,600 Speaker 1: Ye an eighty six billion dollar company, all right, also 70 00:03:45,080 --> 00:03:45,880 Speaker 1: a big company. 71 00:03:46,320 --> 00:03:50,520 Speaker 3: Yeah, I wanted to highlight alphabet TICKEROGL. This wasn't a 72 00:03:50,640 --> 00:03:54,320 Speaker 3: huge move today. It gained one point two percent, but 73 00:03:54,360 --> 00:03:56,400 Speaker 3: the interesting thing is that it closed at a record 74 00:03:56,520 --> 00:04:00,320 Speaker 3: high high since two thousand and four. I feel like 75 00:04:00,360 --> 00:04:03,200 Speaker 3: this is kind of like flown under the radar this year. Honestly, 76 00:04:03,320 --> 00:04:06,880 Speaker 3: shares our up forty four percent from early April. The 77 00:04:06,920 --> 00:04:09,400 Speaker 3: move today in sort of this you know, run up 78 00:04:09,440 --> 00:04:12,760 Speaker 3: to record high is really an extended rally from last week. 79 00:04:13,000 --> 00:04:15,600 Speaker 3: After actually some Bloomberg reporting, we broke news that Apple 80 00:04:15,680 --> 00:04:18,520 Speaker 3: is in early talks with Google about a custom AI 81 00:04:18,640 --> 00:04:21,719 Speaker 3: model for Series, So that really giving a big boost 82 00:04:21,839 --> 00:04:24,080 Speaker 3: to the shares here and Marcord high. 83 00:04:25,760 --> 00:04:29,800 Speaker 2: The stock Moover's report from Bloomberg Radio. 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