1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,320 Speaker 3: I want to take a look now at some stocks 5 00:00:18,400 --> 00:00:21,840 Speaker 3: on the move. I'm Alexis Christophus along with Isabell Lay. 6 00:00:21,920 --> 00:00:24,040 Speaker 3: We are in for Paul Sweety and Scarlett Food holding 7 00:00:24,120 --> 00:00:26,880 Speaker 3: down the fort here at Bloomberg headquarters, and we are 8 00:00:27,480 --> 00:00:30,319 Speaker 3: joined by Bloomberg's Avalon Pernell for a look at some 9 00:00:30,360 --> 00:00:33,240 Speaker 3: of those stocks on the move. Once upon a Farm, 10 00:00:33,479 --> 00:00:36,600 Speaker 3: so this is the company that actress Jennifer Garner is involved. 11 00:00:36,600 --> 00:00:37,919 Speaker 3: But she co founded it, didn't she. 12 00:00:38,080 --> 00:00:40,279 Speaker 1: Yes, she did. She co founded it in twenty seventeen 13 00:00:40,360 --> 00:00:43,080 Speaker 1: to offer healthier baby food which once upon a time 14 00:00:43,120 --> 00:00:47,480 Speaker 1: that's ticker OFRM. It's down about fourteen percent today. That's 15 00:00:47,520 --> 00:00:50,960 Speaker 1: after the snack company forecast sales growth for the year 16 00:00:51,000 --> 00:00:52,959 Speaker 1: that was a little bit slower than expected in its 17 00:00:53,000 --> 00:00:56,160 Speaker 1: first earnings report as a public company. And JP Morgan's 18 00:00:56,160 --> 00:00:58,520 Speaker 1: also saying that while the gross margins did come in 19 00:00:58,520 --> 00:01:01,320 Speaker 1: a little bit light, sure on the stock may actually 20 00:01:01,360 --> 00:01:05,160 Speaker 1: be more because of like a reflection of greater confidence 21 00:01:05,319 --> 00:01:08,520 Speaker 1: in the food space. More specifically, earlier this week, we 22 00:01:08,520 --> 00:01:10,520 Speaker 1: saw Campbell's hit its lowest level since. 23 00:01:10,400 --> 00:01:11,160 Speaker 3: Two thousand and three. 24 00:01:11,640 --> 00:01:14,920 Speaker 1: APT Yeah, a delayed snack recovery could also be hitting 25 00:01:14,920 --> 00:01:16,520 Speaker 1: other companies like Once upon a Farm. 26 00:01:17,160 --> 00:01:18,240 Speaker 2: What's going on in Alta? 27 00:01:18,280 --> 00:01:20,440 Speaker 1: You know, I've only been to Alta at least once 28 00:01:20,480 --> 00:01:21,360 Speaker 1: in my life, I think. 29 00:01:21,280 --> 00:01:24,520 Speaker 3: Really only once everywhere in the city. John Hucker's been 30 00:01:24,520 --> 00:01:25,120 Speaker 3: in there more than you. 31 00:01:25,240 --> 00:01:27,720 Speaker 2: I've been more. Yeah, it's just like I'm always I 32 00:01:27,800 --> 00:01:30,360 Speaker 2: was dragged in. I didn't go in for mylos entirely 33 00:01:30,440 --> 00:01:30,640 Speaker 2: or not. 34 00:01:30,840 --> 00:01:31,840 Speaker 1: Yes, you've been more than me. 35 00:01:32,040 --> 00:01:33,000 Speaker 2: What's going on with the stock? 36 00:01:33,240 --> 00:01:36,600 Speaker 1: Yes, Alta beauty ticker ALTA falling about nine point seven 37 00:01:36,640 --> 00:01:39,520 Speaker 1: percent today, most inter day since twenty twenty four, making 38 00:01:39,560 --> 00:01:40,920 Speaker 1: it one of the worst performers on the S and 39 00:01:40,920 --> 00:01:43,520 Speaker 1: P five hundred today. That's after it reported earnings per 40 00:01:43,560 --> 00:01:45,960 Speaker 1: share for the fourth quarter that was a little bit 41 00:01:45,959 --> 00:01:49,160 Speaker 1: short of expectations and also the midpoint of its full 42 00:01:49,240 --> 00:01:52,960 Speaker 1: year EPs forecast also miss estimates. That being said, the 43 00:01:53,000 --> 00:01:55,880 Speaker 1: expectations were really high. The stock has been up nearly 44 00:01:55,920 --> 00:01:58,520 Speaker 1: one hundred percent in the last year as of yesterday's close. 45 00:01:59,000 --> 00:02:01,960 Speaker 1: So Tdcohen said their shares were most likely just held 46 00:02:02,000 --> 00:02:05,360 Speaker 1: back as investors digested a slightly softered and expected for 47 00:02:05,560 --> 00:02:08,760 Speaker 1: your guidance, but important to recognize that they're known for 48 00:02:08,840 --> 00:02:10,960 Speaker 1: having guidance. It's slightly more conservative at the start of 49 00:02:10,960 --> 00:02:11,280 Speaker 1: the year. 50 00:02:11,520 --> 00:02:14,600 Speaker 3: Okay, good to know. And also Adobe change of the 51 00:02:14,639 --> 00:02:17,480 Speaker 3: guard there at the top. They're longtime CEO stepping down. 52 00:02:17,480 --> 00:02:18,720 Speaker 3: I don't think Wall Street likes it. 53 00:02:19,080 --> 00:02:22,600 Speaker 1: You're right. Adobe ticker ADB sliding about six point two 54 00:02:22,639 --> 00:02:25,160 Speaker 1: percent right now. That's after the maker of software for 55 00:02:25,240 --> 00:02:27,880 Speaker 1: creative professionals said that one as you mentioned, the CEO 56 00:02:27,960 --> 00:02:31,240 Speaker 1: will resign. And also there's just across the board a 57 00:02:31,240 --> 00:02:34,200 Speaker 1: lot of skepticism about how the company will survive amid 58 00:02:34,280 --> 00:02:38,160 Speaker 1: this AI era. What will that look like? Adobe's spin 59 00:02:38,360 --> 00:02:41,360 Speaker 1: hit by a lot of questions, especially like other software 60 00:02:41,400 --> 00:02:45,080 Speaker 1: developers looking at Salesforce as an example, how will they survive? 61 00:02:45,240 --> 00:02:47,359 Speaker 1: We don't quite know yet, and it seems like investors 62 00:02:47,360 --> 00:02:48,119 Speaker 1: remain skeptical. 63 00:02:49,240 --> 00:02:53,240 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 64 00:02:53,360 --> 00:02:55,919 Speaker 2: us throughout the day for the latest roundup of companies 65 00:02:56,000 --> 00:02:59,079 Speaker 2: making news on Wall Street and for the latest market 66 00:02:59,120 --> 00:03:03,600 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 67 00:03:03,680 --> 00:03:07,160 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 68 00:03:07,240 --> 00:03:08,720 Speaker 2: the Bloomberg Business App.