WEBVTT - Stock Movers: Rapt, 3M, D.R. Horton (Podcast)

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Dan Curtis on what's

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<v Speaker 1>already been a pretty busy earnings morning. But before we

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<v Speaker 1>get to that, Dan, we're starting a holiday shortened training week,

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<v Speaker 1>So I guess we could call this merger Monday observed

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<v Speaker 1>in the pharma space.

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<v Speaker 3>Good morning, Good morning. I like that. Yeah, so everyone

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<v Speaker 3>had a bit of a holiday yesterday, but we still

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<v Speaker 3>got some deals out, particularly a deal for Wrapped Therapeutics

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<v Speaker 3>tick our raapt GSK has agreed to buy the company

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<v Speaker 3>at eight fifty eight dollars a share in a deal

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<v Speaker 3>valued at two point two billion dollars. That sent the

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<v Speaker 3>stock up to fifty seven to fifty so just short

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<v Speaker 3>of that fifty eight dollars share target, sixty three percent

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<v Speaker 3>increase from where it closed on Friday, So a good

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<v Speaker 3>day for the investors in that the acquisition includes a

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<v Speaker 3>drug that's being tested to help protect against food allergens

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<v Speaker 3>with an injection every eight to twelve weeks instead of

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<v Speaker 3>the typical two to four week cycles needed. Right now,

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<v Speaker 3>GSK shares about flat, and again, that's not too bad

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<v Speaker 3>for a morning that's seeing a lot of red in

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<v Speaker 3>the equity markets. This deal will give GSK pipeline to

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<v Speaker 3>bolster revenues after the patent on its top selling HIV

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<v Speaker 3>drug expires. And Jeffrey is calling this deal quote unquote sensible,

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<v Speaker 3>which is a nice British term. It sounds like, yeah,

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<v Speaker 3>doesn't it.

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<v Speaker 1>Let's get to some of the earnings. We've heard some

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<v Speaker 1>from some big names already, including three M.

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<v Speaker 3>That's right. So this is the company that makes post

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<v Speaker 3>its and it's posted a six billion dollar revenue, just

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<v Speaker 3>slightly lighter than estimates, but earnings came in a dollar

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<v Speaker 3>eighty three a share. That was a beat. It also

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<v Speaker 3>issued guidance for the year, so it's seeing about eight

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<v Speaker 3>dollars and fifty to eight dollars and seventy cents a

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<v Speaker 3>share in earnings for twenty twenty six. That might touch

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<v Speaker 3>software than analysts hoped for, as the estimates were towards

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<v Speaker 3>the higher end of that range eight dollars and sixty

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<v Speaker 3>four cents a share. Those shares are down almost two

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<v Speaker 3>percent in pre market. Company is focusing on streamlining operations

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<v Speaker 3>and bringing new products to the market faster, and it's

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<v Speaker 3>also been benefiting from data center construction. Boom VIAAC is

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<v Speaker 3>about three percent of three MS revenue coming from that space.

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<v Speaker 3>So you know, the shares were down a little bit

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<v Speaker 3>before the earnings and they're about at the same level

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<v Speaker 3>as they were ahead, so a little bit of a

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<v Speaker 3>grain of salt, but not not a huge sell off

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<v Speaker 3>like we're seeing some other names.

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<v Speaker 1>Speaking of construction, not data centers, but actual houses. We

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<v Speaker 1>also heard from Dr Horton this morning.

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<v Speaker 3>That's right. It is a home builder and that's that's

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<v Speaker 3>an area that Trump's really been looking at with the

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<v Speaker 3>affordability push, and Dr Horton shares up about six tenths

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<v Speaker 3>of percent. Those were down almost two percent before earnings,

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<v Speaker 3>so that's that's actually a decent boost from where they

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<v Speaker 3>were before the earnings came out. The home builder reported

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<v Speaker 3>six point nine billion dollars in revenue, with adjusted earnings

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<v Speaker 3>per share of two dollars and three cents. That's both

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<v Speaker 3>were beats. Orders for new homes were lighter than estimates,

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<v Speaker 3>but that was offset by the company closing a higher

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<v Speaker 3>number of new builds. D R Horton sticking to its

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<v Speaker 3>full year guidance, it sees sales up to thirty five

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<v Speaker 3>billion dollars for the year.

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<v Speaker 1>All right, just thirty seconds left. How's Netflix doing before

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<v Speaker 1>they report earnings after the bell.

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<v Speaker 3>That's right, Netflix, it's another green spot. Up one percent.

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<v Speaker 3>They're reporting after the bell. We have stranger things that

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<v Speaker 3>came out in the recent quarter, so we'll see some

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<v Speaker 3>dollar figures behind that. And we also have the the

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<v Speaker 3>bidding war over Warner Brothers going on. Worth noting that

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<v Speaker 3>there's a deadline tomorrow for the counterbids from Paramount Sky.

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<v Speaker 3>Basically all the tender offers have to be accepted by then,

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<v Speaker 3>so we should have some deal news on top of that.

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<v Speaker 3>So Netflix up just under one percent in the pre market.

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<v Speaker 2>This stock movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to bloom Radio Live, catch us on YouTube,

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