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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: This is the closing bell on this stock mover's report.

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Speaker 2: The company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenovak, Romain, Bostick, and Scarlet Food to.

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Speaker 3: The s and P five hundred if i've may two

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Speaker 3: hundred and fifteen names in that average higher for the

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Speaker 3: Tuesday trade two hundred and eighty six to the downside,

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Speaker 3: KD two unchanged.

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Speaker 4: All right, let's take a look at the sector level.

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Speaker 4: You had six sectors finish in the green, five in

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Speaker 4: the red. The tech sector actually leading the way here

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Speaker 4: on a points basis, only hired by about two tenths

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Speaker 4: of a percent, but we know it's very important. Energy

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Speaker 4: in terms of percent. Was your biggest gainer on the

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Speaker 4: sector level consumer staples. Then you take a look at

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Speaker 4: what didn't do too hot today, healthcare bring up the

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Speaker 4: rear that sector down about one percent. Industrials and real

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Speaker 4: estate also falling a bit today.

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Speaker 3: Carol, all right, so let's get to some of the

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Speaker 3: individual gainers in today's session. Got to talk about CVS Health.

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Speaker 3: That one at its highs up more than five percent,

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Speaker 3: finishing the day with about a gain of about two

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Speaker 3: and a quarter percent. Company raises full year profit forecast

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Speaker 3: set earnings would rise in twenty twenty six. A sign

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Speaker 3: of hope. As you know, it's not been an easy backdrop,

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Speaker 3: certainly for this company, the retail environment, government's scrutiny really

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Speaker 3: across the healthcare industry. Keep in mind too, that stock

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Speaker 3: is up about seventy five percent year to date, going

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Speaker 3: to go to Aris management at its highs up nine

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Speaker 3: point four percent, finishing the day with a gain of

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Speaker 3: about seven point three percent. This after the S and

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Speaker 3: P Dow Jones Industry said the stock will replace kelen

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Speaker 3: Nova in the S and P five hundred. That's effective

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Speaker 3: December eleventh. You know what happens, all those index fund

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Speaker 3: managers are going to have to buy it. And so

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Speaker 3: you saw investors certainly moving into that name.

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Speaker 1: And first this is I've got to say though too,

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Speaker 1: this is also.

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Speaker 3: A surprise, this one.

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Speaker 1: Yeah, definitely a surprise.

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Speaker 5: But also the idea, I mean, we talk a lot

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Speaker 5: about private investments, private equity and private credit, and the

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Speaker 5: idea that this is to a certain extent kind of

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Speaker 5: a coming of age, if you will, of the industry

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Speaker 5: writ large to see a company like areas basically rise

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Speaker 5: you know, from you know, twenty five years ago, basically

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Speaker 5: being nothing to now today, or at least in a

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Speaker 5: couple of weeks of being in the S and P

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Speaker 5: five hundred.

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Speaker 3: Yeah, no, right, quite a journey to see what goes

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Speaker 3: in what goes out really tells a story, and this

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Speaker 3: tells us story. Well, actually, this is just something different.

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Speaker 3: I thought i'd throw in there. Mama's Creations, and the

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Speaker 3: ticker is Mama Yeah, exactly. I have never heard of

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Speaker 3: this company. It's a it's a five hundred and twenty

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Speaker 3: five million dollar, five hundred and fifty two million dollar

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Speaker 3: market cap.

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Speaker 1: Coveries. It's kind of are they going into the S

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Speaker 1: and P two?

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Speaker 3: Yeah, but they're up twenty eight percent in today's session.

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Speaker 1: Mama Create.

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Speaker 3: It's like a bunch of brands. I'm not familiar with them.

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Speaker 3: I don't know if you know them.

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Speaker 1: I think you're really prepared for this here, Mama.

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Speaker 3: Mancini's Crown One Creative Salads, the Olive Branch.

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Speaker 4: Yeah, okay, salad, soups, other food.

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Speaker 3: It's a national deli solutions company, Delicious, yeah, okay, go

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Speaker 3: to the web sessions.

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Speaker 6: Did you know that already?

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Speaker 1: What's the what got into you?

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Speaker 2: All right?

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Speaker 1: The news?

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Speaker 3: Can I get to it? Yes?

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Speaker 1: Okay, yes they now. I said.

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Speaker 3: Fiscal third quarter revenue grew fifty percent from the Yugo period,

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Speaker 3: fueled by the acquisition of Crown One Enterprises. So it's

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Speaker 3: been acquiring companies.

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Speaker 4: And so old market and deli meets.

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Speaker 1: I know, yeah, what could you know? Yeah, love me

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Speaker 1: some deli go meet food.

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Speaker 6: All right, let's talk a little bit about some stocks

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Speaker 6: in the red today, shares a JP Morgan Chase called

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Speaker 6: four point seven percent. Marianne Lake, the CEO of Consumer

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Speaker 6: and Community Banking, said the bank into spate spending one

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Speaker 6: hundred and five billion dollars next year. This was at

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Speaker 6: an industry conference. She said that outlooks surpasses analystsessimates, or

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Speaker 6: that out look rather surpassed analyssestimates and sent shares falling today.

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Speaker 6: She said the biggest driver of the expected cost growth

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Speaker 6: is quote volume and growth related expenses. She pointed to

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Speaker 6: strategic investments and the structural consequence of inflation. She said

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Speaker 6: consumers and small businesses though look healthy, but the environment

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Speaker 6: is a little bit more fragile with less capacity to

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Speaker 6: whether incremental stress once again shares of JP Morgan Chase

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Speaker 6: falling four point seven percent. Also keep an eye on

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Speaker 6: shares of Pizer today. They dipped just at the in

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Speaker 6: the two o'clock hour, sort of later in the session.

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Speaker 6: This after Bloomberg News reported the FDA is investigating whether

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Speaker 6: COVID nineteen vaccines caused deaths and adults as part of

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Speaker 6: a safety review that's broader than was previously known. A

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Speaker 6: spokesperson said, quote, the FDA is doing a thorough investigation

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Speaker 6: across multiple age groups of deaths potentially related to COVID vaccines.

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Speaker 6: Shares of Fizer falling today by one point seven person.

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Speaker 1: COVID vaccines. Yeah, COVID vaccine. What's the death rate from covid? WO?

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Speaker 6: The story does say that scientists, you know, I'm going

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Speaker 6: to get the wording wrong here, but that you know,

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Speaker 6: you know what I'm going to say, romain like, it's

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Speaker 6: widely considered to be a safe and effective vaccine.

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Speaker 1: So oh so I got the COVID shot out for

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Speaker 1: a couple weeks ago.

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Speaker 6: Yeah, but look, investors can certainly concerned. We also saw

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Speaker 6: shares of Maderna dip and Beyond Tech dip as soon

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Speaker 6: as that news broke finally Go Go tick Er gogu us.

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Speaker 6: This is the in flight Wi Fi.

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Speaker 1: Have they finally gotten that to work better?

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Speaker 6: No, they haven't. Well, maybe I think the thing that

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Speaker 6: investors are concerned about is that Starlink is going to

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Speaker 6: replace Go Go on some flights, specifically some net jets plans.

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Speaker 6: Have you guys been Have you guys been on a

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Speaker 6: plane with with Starlink? I was on a United flight recently.

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Speaker 6: I was just telling Carol it was game changing, completely

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Speaker 6: different than any other inflight Wi Fi experience I've experienced.

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Speaker 1: Yeah, I've not been on one, but I've heard everybody.

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Speaker 1: You can actually get your work done basically.

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Speaker 5: Just says it, said nothing bad about it, and yeah,

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Speaker 5: you know we had a big scoop on SpaceX.

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Speaker 1: A little bit I did.

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Speaker 6: Yeah, IPO coming next year, thirty dollars potentially potentially. Yeah,

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Speaker 6: Eric Johnson's going to be joining us in just a minute.

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Speaker 5: Oh you got Eric Johnson. We got ed Lolo, but

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Speaker 5: he was just on the telephone for some reason.

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Speaker 6: We don't.

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Speaker 5: Let's check in on yields real quick here too, because

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Speaker 5: we talk about this march higher in yields into a

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Speaker 5: FED meeting where most people anticipate in actual rate cut.

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Speaker 5: Keep in mind, on your two year yields, seven of

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Speaker 5: the past ten sessions, including pass four straight, we've seen

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Speaker 5: yields move higher the tenure. It's been even more extreme

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Speaker 5: to that. And Guys, I was going back looking at

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Speaker 5: every FED meeting in recent history trying to find the

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Speaker 5: last time you saw a meaningful ramp up in rates

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Speaker 5: into a meeting where everyone expected rate cuts. And honestly,

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Speaker 5: I gave up after a few years because it was

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Speaker 5: just hard to really find anything to ratify that.

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Speaker 1: Girl.

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Speaker 3: All right, I want to go to ge Veranova because

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Speaker 3: this stock is popping up about four percent in the

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Speaker 3: after hours. We mentioned boosting a buy back to ten

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Speaker 3: billion from six billion and doubling its dividend to fifty cents.

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Speaker 3: But here's what maybe has caught investors' attention as well,

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Speaker 3: the company getting into the outlooks. He's twenty twenty six

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Speaker 3: revenue forty one billion to forty two billion. The estimate

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Speaker 3: on the street is forty one point five four billion.

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Speaker 3: It also sees twenty twenty six adjusted free cash flow

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Speaker 3: a four and a half billion to five billion. That's

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Speaker 3: way above the street estimate of three point zero two billion,

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Speaker 3: and still sees fiscal year revenue at the high end

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Speaker 3: of thirty six to thirty seven billion. The street estimated

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Speaker 3: is a little bit that thirty seven point thirty two billion,

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Speaker 3: and fisically, Yeah, I got through that all of that.

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Speaker 3: So anyway, that sucks up about four point three percent.

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Speaker 3: So yeah, we've it in the aftermarket. Guys.

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Speaker 4: Let's take a look at Cracker Barrel. Totally different story.

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Speaker 4: Shares falling off a cliff right now, down about thirteen percent,

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Speaker 4: reporting that first quarter revenue came in light just under

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Speaker 4: eight hundred million dollars. The expectation had been for a

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Speaker 4: hair over eight hundred million dollars. Then you take a

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Speaker 4: look at some of their comp sales here, first quarter

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Speaker 4: restaurant comp sales declining four point seven percent. The estimate

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Speaker 4: had been for a decline of about four percent. Their

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Speaker 4: retail comp sales, because of course, you know, Cracker Barrel

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Speaker 4: has the cute store next to the actual restaurant, those

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Speaker 4: declined eight and a half percent. The estimate had been

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Speaker 4: for a decline of six and a half percent. We've

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Speaker 4: been keeping a close eye on this company after that

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Speaker 4: Midsummer logo snaff who they ended up reversing but clearly

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Speaker 4: still nursing some of the after.

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Speaker 1: Effects was a snaff who again.

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Speaker 4: They changed the logo from their class sick old timey

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Speaker 4: logo into old timer, old timer, old timey, thank you.

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Speaker 6: But that's what his name is, the old timer, the

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Speaker 6: old timer.

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Speaker 1: I'm sorry, And they got rid of him.

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Speaker 4: If he's listening, yes, they got rid of him. They

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Speaker 4: planned a little revamped there. It did not go over well.

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Speaker 4: And you take a look at the year to date

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Speaker 4: chart of shares, you can see exactly when they made

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Speaker 4: that decision. And interestingly, the reversal hasn't stopped the decline

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Speaker 4: and it's certainly extending in the after hours right now.

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Speaker 1: Is because of the logo, not because of anything else.

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Speaker 4: That is the understanding.

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Speaker 3: So they just had the barrel, right, They got rid

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Speaker 3: of the old time, they got rid of the man,

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Speaker 3: and they just had a logo. I mean, just had

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Speaker 3: a barrel, right, I don't think.

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Speaker 1: Yeah.

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Speaker 4: The criticism was that theok you know, the personality out

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Speaker 4: of it.

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Speaker 1: Oh, okay, just a logo you got.

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Speaker 6: I'm just gonna do something briefly on David Busters. It's

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Speaker 6: lower in the after hours, down by about five point

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Speaker 6: eight percent, comp sales were down four percent. Third quarter

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Speaker 6: loss per share coming in at a dollar twenty two.

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Speaker 6: Third quarter entertainment revenue coming in below estimates one hundred

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Speaker 6: and seventy nine point four billion dollars. Third quarter revenue

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Speaker 6: coming in below estimates at four hundred and forty eight

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Speaker 6: million dollars Davenbuster shares down about five point four percent.

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Speaker 5: Game Stop shares also down here after reporting its latest

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Speaker 5: quarterly numbers.

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Speaker 1: Sales growth, no growth.

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Speaker 5: Nets sales down about four point six percent on a

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Speaker 5: year over a year basis, and pretty much that's been

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Speaker 5: the trend now for the last several quarters. A negative

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Speaker 5: sign in terms of that revenue number. Of course, nothing

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Speaker 5: really on the bottom line when it comes to profitability,

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Speaker 5: and the shares for the Meme stock, at least right

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Speaker 5: now in the after hours trade down about five percent.

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Speaker 2: This 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: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

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Speaker 2: the Bloomberg Business app.