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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: I'm Carol Masser along with Tim Stanovick. Let's get to

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Speaker 1: some stocks on the move. Bloomberg News crossouse at reporter

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Speaker 1: Isabell Lee. She's in the house. Where shall we begin?

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Speaker 3: We can begin with Micron, ticker is MU because it

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Speaker 3: reported earnings and the stock is actually rising by thirteen

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Speaker 3: and a half percent. It paired back some of those gains,

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Speaker 3: but still those are double digit gains. And micro is

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Speaker 3: the largestys maker of computer memory chips, and they gave

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Speaker 3: an upbeat forecast for the current quarter, again the sign

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Speaker 3: that surging demand and supply shortages are really allowing the

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Speaker 3: company to charge more for their products.

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Speaker 1: Six percent, six percent. I think it's up thirteen bucks,

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Speaker 1: but up sick?

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Speaker 3: You are right? Yes, sorry, I just get car No, no, no, no,

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Speaker 3: you're just.

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Speaker 1: I was like, whoa, what did they say?

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Speaker 3: Makes six percent? Okay, thank you for that on air

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Speaker 3: adjustment correction. So you know it's horrible.

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Speaker 1: We want to make sure our team effort that's true.

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Speaker 3: So this is said that.

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Speaker 4: Fortunately, I'm never wrong, you were convinced.

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Speaker 1: Fortunately, I am always wrong.

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Speaker 3: Okay. The company said it's positioned to be about essential

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Speaker 3: AI enabler. So again, the stock row six percent in

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Speaker 3: late trading, but it's already up one hundred and sixty

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Speaker 3: eight percent this year.

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Speaker 1: I know, I know, I am blown away. We had

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Speaker 1: a great conversation with a member of our BI team

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Speaker 1: and he talked, specifically Jake Silverman, about how the supply

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Speaker 1: demand metrics are off, and so because there's so much

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Speaker 1: demand not enough supply, they're able to charge a lot

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Speaker 1: more for some of the chips that people want, and

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Speaker 1: so that's why you see revenues up, you see their

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Speaker 1: their margins. Yeah, it's pretty impressive.

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Speaker 3: Okay, okay, you want to go to Medline.

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Speaker 4: I want to go to Medline because search I read.

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Speaker 1: Your mind will not correct you anymore.

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Speaker 3: No, please do if need be, But hopefully so. It's

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Speaker 3: the first step trading for Medline. They're a medical supplier.

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Speaker 3: Share surch for to one percent and their trading debut,

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Speaker 3: and this comes after the company raised more than six

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Speaker 3: billion dollars in what is the year's biggest IPO, which

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Speaker 3: is impressive or maybe for some people. Maybe not quite

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Speaker 3: because it's not like we saw a ton, but still

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Speaker 3: it's a superlative. So Medline counts Blackstone and Carlisle among

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Speaker 3: their backers, and they sold north of two hundred and

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Speaker 3: sixteen million shares in an upside offering that price really

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Speaker 3: at the top end of their range. So the trading

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Speaker 3: gives the company a market value of around fifty one

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Speaker 3: billion dollars. And Medline manufacturers and distributes medical supplies like gloves, gowns,

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Speaker 3: exam tables, all things that are important.

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Speaker 4: Don't you love this swaddle blanket?

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Speaker 3: Really?

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Speaker 4: Oh yeah, the one.

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Speaker 1: That you see in you bring your baby's home in.

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Speaker 4: You bring your baby's home in, and the I supproted.

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Speaker 4: I just found get as many of those as you

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Speaker 4: can from the hospital, be forty dollars, Like I was

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Speaker 4: going to, yeah, have a few.

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Speaker 1: Yeah, it's like that, like the sweetest thing, and it's

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Speaker 1: just you know, I try, but you know, I just

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Speaker 1: thought it's like a sweet memory. You know what I

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Speaker 1: love about this In a world where all we talk

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Speaker 1: about is AI and like high tech, and that's true,

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Speaker 1: it's just like kind of a you know, they make.

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Speaker 3: A classic, like they don't never go wings right, and

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Speaker 3: it's just interesting to see this come out of the

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Speaker 3: gates so strong.

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Speaker 4: I mean, I think many would argue that it's a

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Speaker 4: growing business because uh, medical costs continue to just grow

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Speaker 4: and give it an aging population. That's perhaps part of

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Speaker 4: the bookcase.

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Speaker 1: You need this stuff right, And as we found out,

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Speaker 1: remain Bostic apparently like swipes the pj's at the hospital,

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Speaker 1: the hospital down or the hospital what they wear. I need.

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Speaker 3: I'm not going to wear those even comfy.

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Speaker 1: But okay, actually I have to say I remember a

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Speaker 1: family member being the hospital and we're like, can we

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Speaker 1: have some of those?

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Speaker 4: They were really nice and.

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Speaker 1: They were like they worked with a designer to like

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Speaker 1: create these really.

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Speaker 4: Cool and being told to move on. Yeah, we probably

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Speaker 4: don't have time three more, but I want pick.

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Speaker 3: Your favorite General Mills rows three and a half percent.

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Speaker 1: I know.

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Speaker 3: So after the earning speat expectations, a highlight was the

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Speaker 3: positive volume growth in North America retail segments. So this

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Speaker 3: is kind of like a nuance story because the CEO

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Speaker 3: said North American consumers are buying food when they go

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Speaker 3: on sale. So again, it just really emphasizes that households

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Speaker 3: are feeling pinched and no companies them included weren't offering

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Speaker 3: bigger discounts or more frequent discounts. It's just that whenever

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Speaker 3: they go on sale, people buy more and more. And

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Speaker 3: in an effort to boot sales, they've lowered their prices

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Speaker 3: across two thirds of their North American retail business. And

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Speaker 3: when they did slash prices, that's when they saw an

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Speaker 3: increase in volume. One thing that didn't do well is cereal,

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Speaker 3: which I love anyway, The company said, more and more

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Speaker 3: people are looking to just consume protein, protein protein. And

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Speaker 3: remember there's cheerios with hire protein. They expect that to

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Speaker 3: be around one hundred billion dollars one hundred million with

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Speaker 3: an M dollars cheers every morning.

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Speaker 4: Wait, no, cheer throughout the day?

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Speaker 1: Well look great, Oh thank you. Oh you know my

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Speaker 1: favorite person is a bellig No. But you know what

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Speaker 1: it's also supposed to be good for. I think is

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Speaker 1: a cholesterol or something. There's certain things you cheerios, I think,

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Speaker 1: so yeah, yeah, it's like one of those foods that

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Speaker 1: they recommend. So I just figure out I'll just munch

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Speaker 1: a little bit, you know in the morning.

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Speaker 3: Wow, I know, Tim, and I shall do it tomorrow morning.

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Speaker 2: The stock movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street, and for the latest market

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Speaker 2: the Bloomberg Business app.