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Speaker 1: Bloomberg Audio Studios podcasts, radio News.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: I'm Carol Master, long term statmic.

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Speaker 2: Let's get you some stocks on the.

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Speaker 3: Move with This is Bloomberg News. Cross ass at reporter

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Speaker 3: Denza Skova.

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Speaker 1: Denitsa. Coinbase is a company that you got on your

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Speaker 1: radar today.

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Speaker 4: How come I'm going to stay on the topic of

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Speaker 4: new records and Coinbase actually has a hidden new record

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Speaker 4: for three years, actually more than three years, and potentially

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Speaker 4: today we're set.

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Speaker 1: For a records. It's of course.

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Speaker 4: Coming on growing a sec acceptance of cryptochoristry in Washington.

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Speaker 4: We've had that stable coin biw and we've talked a

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Speaker 4: lot about Circle, which has been on a crazy rally,

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Speaker 4: but that's not the only company. Coinbase shares have searched

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Speaker 4: more than thousand percent from late twenty twenty two, which

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Speaker 4: course is the collapse of FTX, and it felt at

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Speaker 4: that time it felt that thousand percent rally is never happening.

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Speaker 1: Clearly we were wrong.

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Speaker 4: That rally is happening, and the final leg has occurred

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Speaker 4: as the USNA is passing legislation for stable coinspect to

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Speaker 4: the doors, that has been a new round of enthusiasm,

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Speaker 4: especially in a place where crypto enthusiasms wasn't a big

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Speaker 4: thing in Washington, So.

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Speaker 1: That's definitely helped.

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Speaker 4: And just to show you how bullish the street is,

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Speaker 4: we have a target at five hundred and ten dollars

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Speaker 4: from burst Eye analyst. The current price is three hundred

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Speaker 4: and seventy nine, So five hundred and ten, that's that's

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Speaker 4: a crazy reality.

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Speaker 1: One tho sixty four percent up from December twenty eighth,

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Speaker 1: twenty twenty two. That's a lot. That's wild.

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Speaker 3: I think there were a lot of people back then

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Speaker 3: and remember the last record, it's been years. As Janita said,

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Speaker 3: a lot of people back then were like, does the

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Speaker 3: industry even recover post FTX?

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Speaker 1: I mean, it's come back with a vengeance. It's such a.

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Speaker 4: Warmer environment, right, the sentiment has changed dramatically. It's very

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Speaker 4: different when you have supporters in Washington.

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Speaker 1: All right, quite a good point quine. Of course, the taker,

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Speaker 1: as you said, up six point six percent. Let's get

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Speaker 1: a pen entertainment tickers pe and n.

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Speaker 4: Yeah, that we're moving into casino. The stock is up

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Speaker 4: four point nine percent, and it's also there is also

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Speaker 4: some analyst optimism there. It's coming from Citizen, which raised

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Speaker 4: their recommendation to market outperform. Pen Entertainment has faced a

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Speaker 4: lot of headwinds. They had a big partnership with ESPN,

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Speaker 4: which actually the industry hasn't been too bullish about it

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Speaker 4: because it didn't do that well financially. Now Citizens is

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Speaker 4: actually seeing many catalysts, casino operating roles, shareholder returns. They're

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Speaker 4: pretty negative about what has happened recently. They said the

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Speaker 4: company has over promised, it underdelivered, So pretty harsh tone

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Speaker 4: about what is in the past, but clearly a lot

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Speaker 4: of optimism about the future. That deal we were talking

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Speaker 4: about with ESPN that was like a two billion licensing agreements,

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Speaker 4: and actually in that note, Citizen mentions that as a

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Speaker 4: bullish catalyst that ESPN does not extend the If ESPN

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Speaker 4: doesn't extend the bill after twenty twenty six, that's a

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Speaker 4: bullish catalyst. The stock was down eighty seven percent from

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Speaker 4: all time hi, so this is a much needed relief.

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Speaker 4: The five percent books Today it has eleven by ratings,

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Speaker 4: eleven hold ratings, zero cell, so there isn't too much

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Speaker 4: negativism there, but clearly it needs some pressure that Like.

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Speaker 2: This used to be one hundred and thirty six dollars a

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Speaker 2: share stock, it's now about eighteen and change.

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Speaker 1: Yeah, just giving you a little context. Everything Janita has

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Speaker 1: today as a gainer only good news. We like that,

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Speaker 1: mong Yeah, we like that if we have to choose gainers.

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Speaker 1: So sorry, although I'm listening to this and I'm like, darn,

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Speaker 1: did I choose this one? I did not choose this one,

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Speaker 1: but it's a good one.

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Speaker 4: Meta that one has been on a tier. It's been

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Speaker 4: up fifty percent since the April low. That's that's incredible.

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Speaker 4: Today we have advanced talks to acquire Playi, which is

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Speaker 4: a small startup using artificial intelligence to replicate voices. The ticker,

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Speaker 4: of course is e t A. The stock is up

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Speaker 4: three percent today. This is part of like a massive

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Speaker 4: effort by Meta to acquire ai tel.

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Speaker 1: They are on a spending spring. They are well, what

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Speaker 1: do you think about the idea of replicating voices? I

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Speaker 1: don't know, what do you feel about the idea? A

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Speaker 1: little scary?

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Speaker 2: So scary?

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Speaker 1: Is that a little scary?

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Speaker 4: I'm terrified, honestly, And I looked at the I looked

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Speaker 4: at the app, it says, unlike traditional speech models, play

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Speaker 4: dialogue excels in understanding context and responding with nuance emotion,

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Speaker 4: enabling an unparalleled human like conversation.

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Speaker 1: So I guess the answer to can it be programmed

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Speaker 1: to love? Is yes? Okay, So, oh my god, I'm

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Speaker 1: a little fearful of what's to come.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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