WEBVTT - Hershey Rises, Hims & Hers Drops, Warner Bros. Discovery Falls

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

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Jim stunnerback along with Carol Masser. Let's take a

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<v Speaker 3>look at some stocks on the move today. Bloomberg News

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<v Speaker 3>cross ass that recorded. Tanisa Sokova is here with us Anita,

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<v Speaker 3>what are you watching?

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<v Speaker 1>Let's start with one of the gainers, Hershey's. It closed

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<v Speaker 1>more than four percent higher. It's coming off an upgrade

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<v Speaker 1>from Goldman Sachs. We actually also had a big upgrade

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<v Speaker 1>from BNP parry Bar recently, so a lot of good

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<v Speaker 1>news for the stock. The ticker, of course is HSY.

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<v Speaker 1>Golden Sas writes that Hershey's market share trends are improving.

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<v Speaker 1>They're seeing incremental tailwinds from chocolate and confectionery, and actually

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<v Speaker 1>the company is up fourteen percent today the JP the

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<v Speaker 1>Goldman Sacks price tag is pretty high. Two hundred and

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<v Speaker 1>twenty two doors. That's about twenty percent upside from the

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<v Speaker 1>Monday close. We also saw a similar press back from

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<v Speaker 1>BNP Pariba, which is a little bit over two hundred doors,

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<v Speaker 1>so a lot of optimism there. What we're seeing is

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<v Speaker 1>that Hershey recently announced price high across its portfolio, and

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<v Speaker 1>clearly consumers are not so worried about it, and they

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<v Speaker 1>continue to consume some of their iconic brands, and that's

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<v Speaker 1>definitely helping. What Goldman is saying is that cost pressures

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<v Speaker 1>from tariffs and price of cocoa are well understood and

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<v Speaker 1>now reflected in expectations. So hence we're seeing some bullyshup grades.

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<v Speaker 4>There and then comes to chocolate. Man.

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<v Speaker 3>Yeah, but the price this company has been struggling. I mean,

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<v Speaker 3>everybody's been struggling with the commodity costs. I mean our

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<v Speaker 3>coffee for example too, also.

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<v Speaker 1>Coffee, cocoa. Now, chocolate prices have been crazy. But people need.

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<v Speaker 3>Chocolate, yeah, I think, And people need chocolate and coffee. Yeah,

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<v Speaker 3>what else?

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<v Speaker 4>All right, it's a stock at four percent today, it

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<v Speaker 4>is at fourteen percent so far a year today.

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<v Speaker 1>One stock that's one hundred and ten percent here today,

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<v Speaker 1>but it's Verian pretty rough day to day is Hymns

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<v Speaker 1>and hers Health shares closed nearly six percent earlier in trading,

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<v Speaker 1>it was down about nine point eight percent, so some

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<v Speaker 1>of the losses were paired back, but still it comes

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<v Speaker 1>after the FDA send a letter warning about marketing. You know,

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<v Speaker 1>there has been letters. It's not only Hims and Hers,

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<v Speaker 1>there have been over one hundred companies. But recently, FDA

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<v Speaker 1>Commissioner Marty McCarry cited a widely watched Super Bowl commercial

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<v Speaker 1>and the way they were promoting their copycat OBSI drugs,

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<v Speaker 1>and that has become obviously, that has been a big

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<v Speaker 1>thing for the administration. They've been sending those letter warning

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<v Speaker 1>of deceptive promotion, and they have sent a lot of

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<v Speaker 1>notices there. This particular letter was about how they market

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<v Speaker 1>their compounded Sema gratitude drug, which obviously is much cheaper

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<v Speaker 1>than the FDA approved drugs. But yeah, that's an interesting

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<v Speaker 1>trend for a company that's been doing so well, and

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<v Speaker 1>clearly investors are worried. That's a triple digit gains here today.

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<v Speaker 4>So yeah, yeah, more than forty percent of the float

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<v Speaker 4>is short though.

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<v Speaker 1>That's true.

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<v Speaker 3>That's the advertising part of the story is such an

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<v Speaker 3>important part of the equation. I mean, look, anecdotally, I

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<v Speaker 3>see these ads everywhere on the subway. They're they're all

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<v Speaker 3>over subway stations.

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<v Speaker 1>The ground, social media. It's a big thing.

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<v Speaker 3>Yeah, crazy.

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<v Speaker 4>Let's get to a stock that in the last week

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<v Speaker 4>or so that has really been on the move here,

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<v Speaker 4>and we're talking about WBD Warner Brothers Discovery.

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<v Speaker 1>Yeah. There, there was definitely a lot of enthusiasm going

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<v Speaker 1>into this, and we can see how a small downgrade,

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<v Speaker 1>maybe not so small, is really sending the stock down

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<v Speaker 1>down six percent today. The ticker, of course is WBD

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<v Speaker 1>SKYD and Speramount Codence is also down about six percent today.

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<v Speaker 1>So both of the companies involved in these merging news

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<v Speaker 1>are seeing a lot of pressure. The stock obviously rallied

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<v Speaker 1>for quite some times and Paramount is still to make

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<v Speaker 1>an official offer. So what TD Cowan is saying is

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<v Speaker 1>that the stock has searched well beyond the fourteen door

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<v Speaker 1>price stack fowing the report to Paramount will be considering

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<v Speaker 1>a Big four company and they say the risk your

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<v Speaker 1>word there is really not warranted currently. That says the

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<v Speaker 1>modu of the two company may face regulatory st corutiny

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<v Speaker 1>financial operation. It's a massive merger between two of the

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<v Speaker 1>biggest names in that industry, and tit Coalan is worried.

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<v Speaker 1>Their price is fourteen doors, which implies twenty eight percent

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<v Speaker 1>decrease from less close.

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<v Speaker 4>Elizabeth Warren on social media today, the ink is barely

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<v Speaker 4>dry on her words. The ink is barely dry on

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<v Speaker 4>the shady eight billion dollar paramount sky Dance merger and

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<v Speaker 4>a paramount wants to add Warner Brothers Discovery to its

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<v Speaker 4>growing list of owned media companies. Still would be a

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<v Speaker 4>dangerous concentration of power of our media and us. It

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<v Speaker 4>should be blocked.

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<v Speaker 1>Yes, a lot of regulatory pressures, but investors don't want

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<v Speaker 1>to miss on a big gain and clearly are playing

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<v Speaker 1>into that bit.

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<v Speaker 2>The Stockmovers report from Bloomberg Radio. Check back with us

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