1 00:00:02,520 --> 00:00:07,000 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 00:00:16,920 --> 00:00:19,439 Speaker 3: I'm Jim stunnerback along with Carol Masser. Let's take a 5 00:00:19,440 --> 00:00:22,360 Speaker 3: look at some stocks on the move today. Bloomberg News 6 00:00:22,360 --> 00:00:26,320 Speaker 3: cross ass that recorded. Tanisa Sokova is here with us Anita, 7 00:00:26,720 --> 00:00:27,400 Speaker 3: what are you watching? 8 00:00:27,880 --> 00:00:31,560 Speaker 1: Let's start with one of the gainers, Hershey's. It closed 9 00:00:31,600 --> 00:00:35,159 Speaker 1: more than four percent higher. It's coming off an upgrade 10 00:00:35,240 --> 00:00:38,360 Speaker 1: from Goldman Sachs. We actually also had a big upgrade 11 00:00:38,479 --> 00:00:40,919 Speaker 1: from BNP parry Bar recently, so a lot of good 12 00:00:40,920 --> 00:00:44,560 Speaker 1: news for the stock. The ticker, of course is HSY. 13 00:00:44,840 --> 00:00:48,520 Speaker 1: Golden Sas writes that Hershey's market share trends are improving. 14 00:00:49,440 --> 00:00:55,000 Speaker 1: They're seeing incremental tailwinds from chocolate and confectionery, and actually 15 00:00:55,000 --> 00:00:58,640 Speaker 1: the company is up fourteen percent today the JP the 16 00:00:58,760 --> 00:01:01,880 Speaker 1: Goldman Sacks price tag is pretty high. Two hundred and 17 00:01:02,000 --> 00:01:05,480 Speaker 1: twenty two doors. That's about twenty percent upside from the 18 00:01:05,560 --> 00:01:08,800 Speaker 1: Monday close. We also saw a similar press back from 19 00:01:09,240 --> 00:01:12,119 Speaker 1: BNP Pariba, which is a little bit over two hundred doors, 20 00:01:12,120 --> 00:01:15,120 Speaker 1: so a lot of optimism there. What we're seeing is 21 00:01:15,120 --> 00:01:19,959 Speaker 1: that Hershey recently announced price high across its portfolio, and 22 00:01:20,040 --> 00:01:22,160 Speaker 1: clearly consumers are not so worried about it, and they 23 00:01:22,160 --> 00:01:26,160 Speaker 1: continue to consume some of their iconic brands, and that's 24 00:01:26,200 --> 00:01:29,520 Speaker 1: definitely helping. What Goldman is saying is that cost pressures 25 00:01:29,520 --> 00:01:32,720 Speaker 1: from tariffs and price of cocoa are well understood and 26 00:01:32,760 --> 00:01:37,200 Speaker 1: now reflected in expectations. So hence we're seeing some bullyshup grades. 27 00:01:36,920 --> 00:01:38,440 Speaker 4: There and then comes to chocolate. Man. 28 00:01:38,959 --> 00:01:42,880 Speaker 3: Yeah, but the price this company has been struggling. I mean, 29 00:01:42,920 --> 00:01:45,240 Speaker 3: everybody's been struggling with the commodity costs. I mean our 30 00:01:45,360 --> 00:01:47,520 Speaker 3: coffee for example too, also. 31 00:01:47,640 --> 00:01:51,360 Speaker 1: Coffee, cocoa. Now, chocolate prices have been crazy. But people need. 32 00:01:51,280 --> 00:01:54,000 Speaker 3: Chocolate, yeah, I think, And people need chocolate and coffee. Yeah, 33 00:01:54,040 --> 00:01:54,320 Speaker 3: what else? 34 00:01:54,400 --> 00:01:56,080 Speaker 4: All right, it's a stock at four percent today, it 35 00:01:56,200 --> 00:01:58,680 Speaker 4: is at fourteen percent so far a year today. 36 00:01:58,840 --> 00:02:02,640 Speaker 1: One stock that's one hundred and ten percent here today, 37 00:02:02,760 --> 00:02:05,320 Speaker 1: but it's Verian pretty rough day to day is Hymns 38 00:02:05,360 --> 00:02:09,400 Speaker 1: and hers Health shares closed nearly six percent earlier in trading, 39 00:02:09,520 --> 00:02:12,560 Speaker 1: it was down about nine point eight percent, so some 40 00:02:12,600 --> 00:02:15,760 Speaker 1: of the losses were paired back, but still it comes 41 00:02:15,800 --> 00:02:19,920 Speaker 1: after the FDA send a letter warning about marketing. You know, 42 00:02:20,000 --> 00:02:23,160 Speaker 1: there has been letters. It's not only Hims and Hers, 43 00:02:23,240 --> 00:02:27,640 Speaker 1: there have been over one hundred companies. But recently, FDA 44 00:02:27,680 --> 00:02:32,280 Speaker 1: Commissioner Marty McCarry cited a widely watched Super Bowl commercial 45 00:02:32,360 --> 00:02:36,480 Speaker 1: and the way they were promoting their copycat OBSI drugs, 46 00:02:36,480 --> 00:02:38,679 Speaker 1: and that has become obviously, that has been a big 47 00:02:38,720 --> 00:02:42,079 Speaker 1: thing for the administration. They've been sending those letter warning 48 00:02:42,080 --> 00:02:45,920 Speaker 1: of deceptive promotion, and they have sent a lot of 49 00:02:45,960 --> 00:02:50,560 Speaker 1: notices there. This particular letter was about how they market 50 00:02:50,600 --> 00:02:54,760 Speaker 1: their compounded Sema gratitude drug, which obviously is much cheaper 51 00:02:54,760 --> 00:02:57,880 Speaker 1: than the FDA approved drugs. But yeah, that's an interesting 52 00:02:57,960 --> 00:03:00,480 Speaker 1: trend for a company that's been doing so well, and 53 00:03:00,560 --> 00:03:04,880 Speaker 1: clearly investors are worried. That's a triple digit gains here today. 54 00:03:04,960 --> 00:03:07,800 Speaker 4: So yeah, yeah, more than forty percent of the float 55 00:03:07,880 --> 00:03:08,600 Speaker 4: is short though. 56 00:03:08,800 --> 00:03:09,320 Speaker 1: That's true. 57 00:03:09,360 --> 00:03:12,640 Speaker 3: That's the advertising part of the story is such an 58 00:03:12,639 --> 00:03:15,200 Speaker 3: important part of the equation. I mean, look, anecdotally, I 59 00:03:15,240 --> 00:03:18,200 Speaker 3: see these ads everywhere on the subway. They're they're all 60 00:03:18,200 --> 00:03:19,440 Speaker 3: over subway stations. 61 00:03:19,280 --> 00:03:20,919 Speaker 1: The ground, social media. It's a big thing. 62 00:03:21,080 --> 00:03:21,840 Speaker 3: Yeah, crazy. 63 00:03:22,680 --> 00:03:25,239 Speaker 4: Let's get to a stock that in the last week 64 00:03:25,320 --> 00:03:29,120 Speaker 4: or so that has really been on the move here, 65 00:03:29,320 --> 00:03:32,480 Speaker 4: and we're talking about WBD Warner Brothers Discovery. 66 00:03:32,680 --> 00:03:36,119 Speaker 1: Yeah. There, there was definitely a lot of enthusiasm going 67 00:03:36,160 --> 00:03:39,040 Speaker 1: into this, and we can see how a small downgrade, 68 00:03:39,080 --> 00:03:42,640 Speaker 1: maybe not so small, is really sending the stock down 69 00:03:43,760 --> 00:03:47,920 Speaker 1: down six percent today. The ticker, of course is WBD 70 00:03:48,480 --> 00:03:52,520 Speaker 1: SKYD and Speramount Codence is also down about six percent today. 71 00:03:52,560 --> 00:03:56,600 Speaker 1: So both of the companies involved in these merging news 72 00:03:56,760 --> 00:04:00,960 Speaker 1: are seeing a lot of pressure. The stock obviously rallied 73 00:04:00,960 --> 00:04:03,600 Speaker 1: for quite some times and Paramount is still to make 74 00:04:03,640 --> 00:04:08,000 Speaker 1: an official offer. So what TD Cowan is saying is 75 00:04:08,040 --> 00:04:12,280 Speaker 1: that the stock has searched well beyond the fourteen door 76 00:04:12,360 --> 00:04:16,320 Speaker 1: price stack fowing the report to Paramount will be considering 77 00:04:16,320 --> 00:04:18,880 Speaker 1: a Big four company and they say the risk your 78 00:04:18,880 --> 00:04:22,920 Speaker 1: word there is really not warranted currently. That says the 79 00:04:23,000 --> 00:04:26,680 Speaker 1: modu of the two company may face regulatory st corutiny 80 00:04:26,760 --> 00:04:31,400 Speaker 1: financial operation. It's a massive merger between two of the 81 00:04:31,400 --> 00:04:34,600 Speaker 1: biggest names in that industry, and tit Coalan is worried. 82 00:04:35,200 --> 00:04:39,000 Speaker 1: Their price is fourteen doors, which implies twenty eight percent 83 00:04:39,080 --> 00:04:40,600 Speaker 1: decrease from less close. 84 00:04:40,480 --> 00:04:43,880 Speaker 4: Elizabeth Warren on social media today, the ink is barely 85 00:04:43,960 --> 00:04:47,720 Speaker 4: dry on her words. The ink is barely dry on 86 00:04:47,760 --> 00:04:50,800 Speaker 4: the shady eight billion dollar paramount sky Dance merger and 87 00:04:50,839 --> 00:04:53,000 Speaker 4: a paramount wants to add Warner Brothers Discovery to its 88 00:04:53,000 --> 00:04:55,840 Speaker 4: growing list of owned media companies. Still would be a 89 00:04:55,920 --> 00:04:58,640 Speaker 4: dangerous concentration of power of our media and us. It 90 00:04:58,720 --> 00:04:59,680 Speaker 4: should be blocked. 91 00:05:00,880 --> 00:05:03,880 Speaker 1: Yes, a lot of regulatory pressures, but investors don't want 92 00:05:03,880 --> 00:05:06,400 Speaker 1: to miss on a big gain and clearly are playing 93 00:05:06,440 --> 00:05:07,039 Speaker 1: into that bit. 94 00:05:09,000 --> 00:05:13,240 Speaker 2: The Stockmovers report from Bloomberg Radio. 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