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 00:00:16,560 --> 00:00:17,840 Speaker 3: Let's take a look at some of the stocks on 5 00:00:17,840 --> 00:00:20,520 Speaker 3: the move today on Paul Swinging alongside John Tucker joined 6 00:00:20,520 --> 00:00:22,560 Speaker 3: by Bloomberg Isabel Lee is about what you got. 7 00:00:22,760 --> 00:00:25,959 Speaker 1: We're starting with Mara Holdings. Ticker's m Ara. So the 8 00:00:25,960 --> 00:00:28,240 Speaker 1: stock is rising more than three percent, and that's after 9 00:00:28,320 --> 00:00:31,800 Speaker 1: the Bitcoin minor reported second quarter adjusted Ebit thought that 10 00:00:31,840 --> 00:00:35,920 Speaker 1: beat estimates and that's amid really the big gain in crypto. 11 00:00:35,960 --> 00:00:39,280 Speaker 1: It's now around bitcoin rather, it's now around one hundred 12 00:00:39,280 --> 00:00:42,440 Speaker 1: and eighteen thousand dollars. You have Barclay saying that the 13 00:00:42,440 --> 00:00:46,200 Speaker 1: company's improved energized hash rates is encouraging and it's growing 14 00:00:46,200 --> 00:00:49,360 Speaker 1: bitcoin holdings is also impressive. Pyper Sandler notes that the 15 00:00:49,360 --> 00:00:53,159 Speaker 1: company posted record quarterly revenue and its large bitcoin holdings 16 00:00:53,200 --> 00:00:55,840 Speaker 1: is the reason for this because the stock obviously closely 17 00:00:55,920 --> 00:00:58,840 Speaker 1: tracks the price of bitcoin. Counter Fitzerald also says that 18 00:00:58,880 --> 00:01:01,120 Speaker 1: the second quarter results was strong and they see the 19 00:01:01,160 --> 00:01:04,919 Speaker 1: third quarter results to be improving as bitcoin rises higher. 20 00:01:05,240 --> 00:01:07,000 Speaker 3: Primarily bitcoin, it's. 21 00:01:06,840 --> 00:01:09,480 Speaker 1: A bitcoin minor, So it's a minor, Okay, it's still 22 00:01:09,520 --> 00:01:12,960 Speaker 1: closely tracks bitcoin in hash rate to the uninitiated, is 23 00:01:13,000 --> 00:01:16,640 Speaker 1: basically just the measure of computational power in the blockchain network. 24 00:01:16,720 --> 00:01:21,679 Speaker 2: Sojah, yeah, I guess something tells me this is closely 25 00:01:21,720 --> 00:01:24,199 Speaker 2: aligned with like the cost of energy and power. 26 00:01:24,360 --> 00:01:27,160 Speaker 1: Yes, yes, very good. Yes, and we and over at 27 00:01:27,240 --> 00:01:30,240 Speaker 1: JP Morgan they increase their price target to twenty two dollars. 28 00:01:30,280 --> 00:01:31,960 Speaker 1: So lots of good news for Mara Holdings. 29 00:01:32,120 --> 00:01:34,559 Speaker 3: Can't wait to see that research with the values company 30 00:01:34,640 --> 00:01:35,640 Speaker 3: or what else you got for us? 31 00:01:35,800 --> 00:01:39,320 Speaker 1: Peloton take a risk ptoh to stand the story. Yes, 32 00:01:39,600 --> 00:01:42,240 Speaker 1: remember the pandemic days. Yet the stock is surging now 33 00:01:42,319 --> 00:01:45,960 Speaker 1: almost fourteen percent. After UBS upgraded the stock to buy. 34 00:01:46,040 --> 00:01:48,560 Speaker 1: They signed upside to full year twenty twenty six. Ebit 35 00:01:48,600 --> 00:01:51,440 Speaker 1: the expectation and they're saying it's supported by top line 36 00:01:51,480 --> 00:01:54,080 Speaker 1: growth and fur their cost cut. So they've raised their 37 00:01:54,080 --> 00:01:57,920 Speaker 1: price target to eleven dollars from seven dollars and fifty cents. 38 00:01:57,960 --> 00:02:00,960 Speaker 1: That's an eighty percent increase from the last close. And 39 00:02:00,960 --> 00:02:04,520 Speaker 1: Peloton has nine buys eleven holds in one cell rating 40 00:02:04,600 --> 00:02:05,600 Speaker 1: they report. 41 00:02:05,600 --> 00:02:08,120 Speaker 3: And on the seven my significant other she's got the 42 00:02:08,160 --> 00:02:12,320 Speaker 3: bike the treadmill. Now we're in a relatively small townhouse 43 00:02:12,360 --> 00:02:14,720 Speaker 3: on the Jersey Shore. These seems are huge and they're everywhere, 44 00:02:14,840 --> 00:02:18,520 Speaker 3: but she's on them every single day. These people are fanatical. 45 00:02:19,000 --> 00:02:22,240 Speaker 3: So my question to the companies, you gotta generate more 46 00:02:22,280 --> 00:02:25,960 Speaker 3: revenue out of these fanatical subscriber growth area for this. 47 00:02:26,120 --> 00:02:30,079 Speaker 3: It used to be bikes, sell more bikes and raise prices, 48 00:02:30,560 --> 00:02:32,639 Speaker 3: and they still kind of raise prices, but they're not 49 00:02:32,639 --> 00:02:35,200 Speaker 3: selling more bikes. But you have to have subscriptions to 50 00:02:35,240 --> 00:02:38,679 Speaker 3: the thing where the guy yells at you, yes, you pick. 51 00:02:38,600 --> 00:02:41,200 Speaker 1: You're right. They are loyalists. It's like if you love Peloton, 52 00:02:41,240 --> 00:02:42,960 Speaker 1: you just tend to stick with it because you have 53 00:02:43,000 --> 00:02:45,320 Speaker 1: a special instructor. 54 00:02:44,800 --> 00:02:45,320 Speaker 2: That you like. 55 00:02:45,680 --> 00:02:49,560 Speaker 1: Yes, definite course. Humana ticker is h WHIMS. The stock 56 00:02:49,639 --> 00:02:51,800 Speaker 1: is up around five percent, and that's after the health 57 00:02:51,840 --> 00:02:55,800 Speaker 1: insurer boosted its adjusted profit and revenue forecast for the 58 00:02:55,800 --> 00:02:58,720 Speaker 1: full years. So the new outlook is topping the average 59 00:02:58,760 --> 00:03:01,960 Speaker 1: analyst estimate. So the management said at medical costs were 60 00:03:01,960 --> 00:03:04,160 Speaker 1: in line with expectations, which hasn't been the case with 61 00:03:04,240 --> 00:03:06,880 Speaker 1: revals recently, and that it's really benefited from the growth 62 00:03:06,919 --> 00:03:10,200 Speaker 1: and its Medicare advantage and pharmacy business. So the company 63 00:03:10,200 --> 00:03:14,000 Speaker 1: also raised fully adjusted earnings guidance. And it's really actually 64 00:03:14,040 --> 00:03:16,239 Speaker 1: a contrast from all of the health insurance that we've 65 00:03:16,280 --> 00:03:19,480 Speaker 1: been hearing so far, who've really noticed problems in medicare 66 00:03:19,520 --> 00:03:22,960 Speaker 1: advantages and all that, So really right start. 67 00:03:22,680 --> 00:03:28,000 Speaker 2: Here this stock Movers report from Bloomberg Radio. Check back 68 00:03:28,040 --> 00:03:30,240 Speaker 2: with us throughout the day for the latest roundup of 69 00:03:30,320 --> 00:03:33,600 Speaker 2: companies making news on Wall Street and for the latest 70 00:03:33,639 --> 00:03:37,840 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 71 00:03:37,880 --> 00:03:41,600 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 72 00:03:41,640 --> 00:03:43,600 Speaker 2: Auto with the Bloomberg Business app.