Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Jim stunnerback along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move today. Bloomberg News
Speaker 3: cross ass that recorded. Tanisa Sokova is here with us Anita,
Speaker 3: what are you watching?
Speaker 1: Let's start with one of the gainers, Hershey's. It closed
Speaker 1: more than four percent higher. It's coming off an upgrade
Speaker 1: from Goldman Sachs. We actually also had a big upgrade
Speaker 1: from BNP parry Bar recently, so a lot of good
Speaker 1: news for the stock. The ticker, of course is HSY.
Speaker 1: Golden Sas writes that Hershey's market share trends are improving.
Speaker 1: They're seeing incremental tailwinds from chocolate and confectionery, and actually
Speaker 1: the company is up fourteen percent today the JP the
Speaker 1: Goldman Sacks price tag is pretty high. Two hundred and
Speaker 1: twenty two doors. That's about twenty percent upside from the
Speaker 1: Monday close. We also saw a similar press back from
Speaker 1: BNP Pariba, which is a little bit over two hundred doors,
Speaker 1: so a lot of optimism there. What we're seeing is
Speaker 1: that Hershey recently announced price high across its portfolio, and
Speaker 1: clearly consumers are not so worried about it, and they
Speaker 1: continue to consume some of their iconic brands, and that's
Speaker 1: definitely helping. What Goldman is saying is that cost pressures
Speaker 1: from tariffs and price of cocoa are well understood and
Speaker 1: now reflected in expectations. So hence we're seeing some bullyshup grades.
Speaker 4: There and then comes to chocolate. Man.
Speaker 3: Yeah, but the price this company has been struggling. I mean,
Speaker 3: everybody's been struggling with the commodity costs. I mean our
Speaker 3: coffee for example too, also.
Speaker 1: Coffee, cocoa. Now, chocolate prices have been crazy. But people need.
Speaker 3: Chocolate, yeah, I think, And people need chocolate and coffee. Yeah,
Speaker 3: what else?
Speaker 4: All right, it's a stock at four percent today, it
Speaker 4: is at fourteen percent so far a year today.
Speaker 1: One stock that's one hundred and ten percent here today,
Speaker 1: but it's Verian pretty rough day to day is Hymns
Speaker 1: and hers Health shares closed nearly six percent earlier in trading,
Speaker 1: it was down about nine point eight percent, so some
Speaker 1: of the losses were paired back, but still it comes
Speaker 1: after the FDA send a letter warning about marketing. You know,
Speaker 1: there has been letters. It's not only Hims and Hers,
Speaker 1: there have been over one hundred companies. But recently, FDA
Speaker 1: Commissioner Marty McCarry cited a widely watched Super Bowl commercial
Speaker 1: and the way they were promoting their copycat OBSI drugs,
Speaker 1: and that has become obviously, that has been a big
Speaker 1: thing for the administration. They've been sending those letter warning
Speaker 1: of deceptive promotion, and they have sent a lot of
Speaker 1: notices there. This particular letter was about how they market
Speaker 1: their compounded Sema gratitude drug, which obviously is much cheaper
Speaker 1: than the FDA approved drugs. But yeah, that's an interesting
Speaker 1: trend for a company that's been doing so well, and
Speaker 1: clearly investors are worried. That's a triple digit gains here today.
Speaker 4: So yeah, yeah, more than forty percent of the float
Speaker 4: is short though.
Speaker 1: That's true.
Speaker 3: That's the advertising part of the story is such an
Speaker 3: important part of the equation. I mean, look, anecdotally, I
Speaker 3: see these ads everywhere on the subway. They're they're all
Speaker 3: over subway stations.
Speaker 1: The ground, social media. It's a big thing.
Speaker 3: Yeah, crazy.
Speaker 4: Let's get to a stock that in the last week
Speaker 4: or so that has really been on the move here,
Speaker 4: and we're talking about WBD Warner Brothers Discovery.
Speaker 1: Yeah. There, there was definitely a lot of enthusiasm going
Speaker 1: into this, and we can see how a small downgrade,
Speaker 1: maybe not so small, is really sending the stock down
Speaker 1: down six percent today. The ticker, of course is WBD
Speaker 1: SKYD and Speramount Codence is also down about six percent today.
Speaker 1: So both of the companies involved in these merging news
Speaker 1: are seeing a lot of pressure. The stock obviously rallied
Speaker 1: for quite some times and Paramount is still to make
Speaker 1: an official offer. So what TD Cowan is saying is
Speaker 1: that the stock has searched well beyond the fourteen door
Speaker 1: price stack fowing the report to Paramount will be considering
Speaker 1: a Big four company and they say the risk your
Speaker 1: word there is really not warranted currently. That says the
Speaker 1: modu of the two company may face regulatory st corutiny
Speaker 1: financial operation. It's a massive merger between two of the
Speaker 1: biggest names in that industry, and tit Coalan is worried.
Speaker 1: Their price is fourteen doors, which implies twenty eight percent
Speaker 1: decrease from less close.
Speaker 4: Elizabeth Warren on social media today, the ink is barely
Speaker 4: dry on her words. The ink is barely dry on
Speaker 4: the shady eight billion dollar paramount sky Dance merger and
Speaker 4: a paramount wants to add Warner Brothers Discovery to its
Speaker 4: growing list of owned media companies. Still would be a
Speaker 4: dangerous concentration of power of our media and us. It
Speaker 4: should be blocked.
Speaker 1: Yes, a lot of regulatory pressures, but investors don't want
Speaker 1: to miss on a big gain and clearly are playing
Speaker 1: into that bit.
Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 2: dot com, and on Applecarplay and Android Auto with the
Speaker 2: Bloomberg Business app.