Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg data. Let's
Speaker 2: see what the action is under the hood.
Speaker 1: We do that with Isabel Lee al Sassite, reporter for
Speaker 1: Bloomberg News.
Speaker 2: She joins us here in our studio is about what
Speaker 2: are you looking at?
Speaker 1: I'm looking at Eli Lilly so shares our edging lower
Speaker 1: by almost five percent. So Trump has long promised that
Speaker 1: his tariffs and pharmaceutical drugs will be coming soon, and
Speaker 1: it is coming soon. This is the latest signal that
Speaker 1: he really plans to press ahead with those sectoral tariffs
Speaker 1: despite this really huge market follout. I believe it's more
Speaker 1: than ten trillion in the past four days. So Trump
Speaker 1: believed that tariffs will encourage parma giants to produce more
Speaker 1: in the US, and he's confident that they will come
Speaker 1: back because the US is the biggest market. But again,
Speaker 1: the lack of information makes any assessment really difficult. That's
Speaker 1: according to Bloomberg intelligence and implementation could take time. And
Speaker 1: also the generics which are mostly made overseas, I mean
Speaker 1: that may effect prices too, and if you're hard on money,
Speaker 1: you usually go to the generic. Oh yeah, well I
Speaker 1: go to the generics anyway. I mean one dollar drug
Speaker 1: is better than three hundred for sure, and medical devices
Speaker 1: too would get hit from that end as well. All right,
Speaker 1: let's go to Walmart here. So I was surprised that
Speaker 1: they reaffirm their outlook despite all the uncertainty exactly. So
Speaker 1: it was higher by around five percent. Its paired back
Speaker 1: some of those games, but still up by around three
Speaker 1: point three percent. So they did reiterate their guidance despite
Speaker 1: the barrage of tariffs and weakening consumer sentiment. And it
Speaker 1: really just highlights how this the world's largest retailer, basically
Speaker 1: is confident that it can navigate economic uncertainty. So Walmart
Speaker 1: said that it's seeing net sales growing three to four
Speaker 1: percent this year. So the forecast accounts for tariffs, unlike
Speaker 1: its previous outlook in February. And Walmart is really seen
Speaker 1: as a barometer for a consumer sentiment. I mean, it's
Speaker 1: really due to its sheer size and exposure to a
Speaker 1: broad swath of US consumers. And they said they plan
Speaker 1: to absorb potential price hikes and they plan to keep
Speaker 1: their products affordable. We do have da Davids and analysts
Speaker 1: saying that at this colde squeeze profit in the near term.
Speaker 1: But still Walmart has actually performed historically better during economic downturns. Yeah, okay,
Speaker 1: they can deal with the mom and pops shop owner.
Speaker 2: I'm not sure. Yeah, boid they vote too So again
Speaker 2: the politics, this is lost on me. What else you
Speaker 2: got Ford?
Speaker 1: So Ford is edging lower and now actually it's down
Speaker 1: by around one percent. It's we're seeing a lot more
Speaker 1: pressure there. We have Burnstein downgrading the stock to underperform
Speaker 1: from market perform with a price target of seven dollars.
Speaker 1: Bernstein said that there's significant downside for the stock that's
Speaker 1: not priced in by the markets. I really feel like
Speaker 1: these automakers are just getting hit day by day. So
Speaker 1: the analyst Daniel Rosca says the tariff's impact for just
Speaker 1: as consumer sentiment wains, so he says that this is
Speaker 1: really going to have more downside. But Ford still has
Speaker 1: five buys, thirteen holes, and eight celerating.
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