WEBVTT - General Mills Rises, Oracle Falls, Udemy Downgraded

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

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<v Speaker 1>some stocks on the move. Bloomberg News crossouse at reporter

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

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<v Speaker 3>We can begin with Micron, ticker is MU because it

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<v Speaker 3>reported earnings and the stock is actually rising by thirteen

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<v Speaker 3>and a half percent. It paired back some of those gains,

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<v Speaker 3>but still those are double digit gains. And micro is

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<v Speaker 3>the largestys maker of computer memory chips, and they gave

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<v Speaker 3>an upbeat forecast for the current quarter, again the sign

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<v Speaker 3>that surging demand and supply shortages are really allowing the

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<v Speaker 3>company to charge more for their products.

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<v Speaker 1>Six percent, six percent. I think it's up thirteen bucks,

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<v Speaker 1>but up sick?

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<v Speaker 3>You are right? Yes, sorry, I just get car No, no, no, no,

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<v Speaker 3>you're just.

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<v Speaker 1>I was like, whoa, what did they say?

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<v Speaker 3>Makes six percent? Okay, thank you for that on air

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<v Speaker 3>adjustment correction. So you know it's horrible.

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<v Speaker 1>We want to make sure our team effort that's true.

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<v Speaker 3>So this is said that.

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<v Speaker 4>Fortunately, I'm never wrong, you were convinced.

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<v Speaker 1>Fortunately, I am always wrong.

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<v Speaker 3>Okay. The company said it's positioned to be about essential

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<v Speaker 3>AI enabler. So again, the stock row six percent in

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<v Speaker 3>late trading, but it's already up one hundred and sixty

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<v Speaker 3>eight percent this year.

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<v Speaker 1>I know, I know, I am blown away. We had

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<v Speaker 1>a great conversation with a member of our BI team

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<v Speaker 1>and he talked, specifically Jake Silverman, about how the supply

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<v Speaker 1>demand metrics are off, and so because there's so much

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<v Speaker 1>demand not enough supply, they're able to charge a lot

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<v Speaker 1>more for some of the chips that people want, and

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<v Speaker 1>so that's why you see revenues up, you see their

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<v Speaker 1>their margins. Yeah, it's pretty impressive.

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<v Speaker 3>Okay, okay, you want to go to Medline.

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<v Speaker 4>I want to go to Medline because search I read.

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<v Speaker 1>Your mind will not correct you anymore.

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

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<v Speaker 3>the first step trading for Medline. They're a medical supplier.

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<v Speaker 3>Share surch for to one percent and their trading debut,

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<v Speaker 3>and this comes after the company raised more than six

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<v Speaker 3>billion dollars in what is the year's biggest IPO, which

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<v Speaker 3>is impressive or maybe for some people. Maybe not quite

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<v Speaker 3>because it's not like we saw a ton, but still

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<v Speaker 3>it's a superlative. So Medline counts Blackstone and Carlisle among

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<v Speaker 3>their backers, and they sold north of two hundred and

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<v Speaker 3>sixteen million shares in an upside offering that price really

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<v Speaker 3>at the top end of their range. So the trading

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<v Speaker 3>gives the company a market value of around fifty one

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

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<v Speaker 3>exam tables, all things that are important.

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<v Speaker 4>Don't you love this swaddle blanket?

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<v Speaker 3>Really?

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<v Speaker 4>Oh yeah, the one.

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<v Speaker 1>That you see in you bring your baby's home in.

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

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<v Speaker 4>I just found get as many of those as you

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<v Speaker 4>can from the hospital, be forty dollars, Like I was

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<v Speaker 4>going to, yeah, have a few.

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<v Speaker 1>Yeah, it's like that, like the sweetest thing, and it's

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<v Speaker 1>just you know, I try, but you know, I just

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<v Speaker 1>thought it's like a sweet memory. You know what I

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<v Speaker 1>love about this In a world where all we talk

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<v Speaker 1>about is AI and like high tech, and that's true,

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

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<v Speaker 3>A classic, like they don't never go wings right, and

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<v Speaker 3>it's just interesting to see this come out of the

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<v Speaker 3>gates so strong.

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<v Speaker 4>I mean, I think many would argue that it's a

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<v Speaker 4>growing business because uh, medical costs continue to just grow

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<v Speaker 4>and give it an aging population. That's perhaps part of

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<v Speaker 4>the bookcase.

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<v Speaker 1>You need this stuff right, And as we found out,

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<v Speaker 1>remain Bostic apparently like swipes the pj's at the hospital,

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<v Speaker 1>the hospital down or the hospital what they wear. I need.

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<v Speaker 3>I'm not going to wear those even comfy.

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<v Speaker 1>But okay, actually I have to say I remember a

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<v Speaker 1>family member being the hospital and we're like, can we

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<v Speaker 1>have some of those?

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<v Speaker 4>They were really nice and.

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<v Speaker 1>They were like they worked with a designer to like

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<v Speaker 1>create these really.

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<v Speaker 4>Cool and being told to move on. Yeah, we probably

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<v Speaker 4>don't have time three more, but I want pick.

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<v Speaker 3>Your favorite General Mills rows three and a half percent.

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<v Speaker 1>I know.

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<v Speaker 3>So after the earning speat expectations, a highlight was the

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<v Speaker 3>positive volume growth in North America retail segments. So this

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<v Speaker 3>is kind of like a nuance story because the CEO

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<v Speaker 3>said North American consumers are buying food when they go

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<v Speaker 3>on sale. So again, it just really emphasizes that households

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<v Speaker 3>are feeling pinched and no companies them included weren't offering

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<v Speaker 3>bigger discounts or more frequent discounts. It's just that whenever

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<v Speaker 3>they go on sale, people buy more and more. And

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<v Speaker 3>in an effort to boot sales, they've lowered their prices

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<v Speaker 3>across two thirds of their North American retail business. And

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<v Speaker 3>when they did slash prices, that's when they saw an

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

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<v Speaker 3>which I love anyway, The company said, more and more

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<v Speaker 3>people are looking to just consume protein, protein protein. And

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<v Speaker 3>remember there's cheerios with hire protein. They expect that to

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<v Speaker 3>be around one hundred billion dollars one hundred million with

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<v Speaker 3>an M dollars cheers every morning.

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<v Speaker 4>Wait, no, cheer throughout the day?

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<v Speaker 1>Well look great, Oh thank you. Oh you know my

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<v Speaker 1>favorite person is a bellig No. But you know what

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<v Speaker 1>it's also supposed to be good for. I think is

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

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<v Speaker 1>so yeah, yeah, it's like one of those foods that

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<v Speaker 1>they recommend. So I just figure out I'll just munch

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<v Speaker 1>a little bit, you know in the morning.

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<v Speaker 3>Wow, I know, Tim, and I shall do it tomorrow morning.

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<v Speaker 2>The stock movers report from Bloomberg Radio. Check back with

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