1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios podcasts, Radio News, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,920 --> 00:00:20,759 Speaker 1: I'm Tim Stenebeck along with Carol Master. Let's take a 5 00:00:20,760 --> 00:00:22,760 Speaker 1: look at some stocks that are on the move today. 6 00:00:22,760 --> 00:00:26,360 Speaker 1: With us is Bloomberg News, Actavis reporter Nora Melinda Nor. 7 00:00:26,400 --> 00:00:29,479 Speaker 1: No shortage of stocks to choose from today, especially on 8 00:00:29,480 --> 00:00:29,960 Speaker 1: the downside. 9 00:00:29,960 --> 00:00:31,240 Speaker 2: What's on your radar right many. 10 00:00:31,160 --> 00:00:33,360 Speaker 3: To choose from today? As you mentioned, I'm looking at 11 00:00:33,800 --> 00:00:37,560 Speaker 3: Jet Blue, that's ticker Jblu here we're seeing shares of 12 00:00:37,600 --> 00:00:39,040 Speaker 3: the company down as much as about six and a 13 00:00:39,080 --> 00:00:42,600 Speaker 3: half percent. I'm also seeing all of its peers airlines down. 14 00:00:42,840 --> 00:00:45,800 Speaker 3: That's looking at the index S one five ai RL 15 00:00:46,040 --> 00:00:48,560 Speaker 3: on the terminal. But we are seeing Jet Blue shares 16 00:00:48,640 --> 00:00:52,320 Speaker 3: falling after the company said that it'll be hastening cost cuts, 17 00:00:52,360 --> 00:00:55,400 Speaker 3: it's going to be eliminating some of its underperforming flights 18 00:00:55,440 --> 00:00:58,720 Speaker 3: and roots and plans to announce network changes in the 19 00:00:58,760 --> 00:01:00,720 Speaker 3: coming weeks. Of course, we know that is a time 20 00:01:00,960 --> 00:01:03,200 Speaker 3: where we're seeing a lot of shuffling happening right now 21 00:01:03,280 --> 00:01:06,479 Speaker 3: in the broader airline industry and we are also hearing 22 00:01:06,640 --> 00:01:10,960 Speaker 3: the companies saying that it's path to profitability could take longer. 23 00:01:11,040 --> 00:01:12,880 Speaker 3: So that's not great when we're thinking about this in 24 00:01:12,880 --> 00:01:14,600 Speaker 3: the midst of all that's been going on in recent 25 00:01:14,640 --> 00:01:15,000 Speaker 3: months here. 26 00:01:15,040 --> 00:01:17,440 Speaker 4: Yeah, we've seen really the whole airline group right right, 27 00:01:17,480 --> 00:01:19,400 Speaker 4: your pressure as a result, it does make you wonder. 28 00:01:19,440 --> 00:01:22,679 Speaker 4: I know that there's always specifics to each carrier, right, 29 00:01:22,680 --> 00:01:26,200 Speaker 4: not every carrier is the same, but nonetheless some concerns 30 00:01:26,240 --> 00:01:28,080 Speaker 4: there on that group. All right, where do you want 31 00:01:28,080 --> 00:01:28,520 Speaker 4: to go next? 32 00:01:28,560 --> 00:01:30,560 Speaker 3: I want to look at solar stocks. That something that's 33 00:01:30,560 --> 00:01:32,520 Speaker 3: been on my eyes today. We are seeing this as 34 00:01:32,520 --> 00:01:35,360 Speaker 3: some of the worst performing stocks in the S and 35 00:01:35,360 --> 00:01:37,399 Speaker 3: P five hundred right now. I'm looking at in phases 36 00:01:37,440 --> 00:01:40,160 Speaker 3: ticker e nph's the worst performing stock in the S 37 00:01:40,200 --> 00:01:42,840 Speaker 3: and P five hundred by a percentage basis. And this 38 00:01:42,920 --> 00:01:45,759 Speaker 3: is after Senate Republicans released a bill that would end 39 00:01:45,959 --> 00:01:50,160 Speaker 3: tax credits for wind and solar earlier than for other sources. 40 00:01:50,200 --> 00:01:53,640 Speaker 3: And this of course prompted multiple downgrades, but we did 41 00:01:53,720 --> 00:01:56,680 Speaker 3: see it from Key Bank in particular across the sector. 42 00:01:56,920 --> 00:02:00,320 Speaker 3: So I'm also looking at companies like Solar Edge that's 43 00:02:00,440 --> 00:02:03,600 Speaker 3: SEEDG and then Sun run. Are you in a lot 44 00:02:03,600 --> 00:02:05,760 Speaker 3: of these companies really taking it to the chin today 45 00:02:05,880 --> 00:02:07,080 Speaker 3: and means we're digesting this. 46 00:02:07,160 --> 00:02:09,840 Speaker 1: We're not talking about like down three or four percent. 47 00:02:10,240 --> 00:02:12,880 Speaker 1: We're talking ten times that, like Sun Run down thirty 48 00:02:12,960 --> 00:02:16,440 Speaker 1: nine percent and Phase down twenty four percent, Solar Edge 49 00:02:16,440 --> 00:02:20,240 Speaker 1: down thirty four percent. This is obviously really big deal 50 00:02:20,720 --> 00:02:22,160 Speaker 1: for the financial health of these companies. 51 00:02:22,240 --> 00:02:24,720 Speaker 3: Oh, most definitely. I mean we're saying we're seeing analyst 52 00:02:24,760 --> 00:02:27,840 Speaker 3: Sam at the Senate bill failed to deliver optimism, and 53 00:02:27,880 --> 00:02:30,600 Speaker 3: that's definitely ringing true across the Wall Street right now 54 00:02:30,800 --> 00:02:33,160 Speaker 3: as we're seeing all these stocks just plunging into the 55 00:02:33,200 --> 00:02:34,040 Speaker 3: red pretty deeply. 56 00:02:34,160 --> 00:02:38,800 Speaker 4: Yeah, you know, we know how these moves by Congress 57 00:02:38,840 --> 00:02:40,960 Speaker 4: and various tax credits and so on and so forth. Man, 58 00:02:40,960 --> 00:02:43,240 Speaker 4: they've been so supportive of this industry and really helped 59 00:02:43,960 --> 00:02:45,960 Speaker 4: kind of build it out. But certainly a different tone 60 00:02:46,000 --> 00:02:48,799 Speaker 4: in a big way today. Let's go to something a 61 00:02:48,800 --> 00:02:50,480 Speaker 4: little bit different. Surgery Partner. 62 00:02:50,600 --> 00:02:52,720 Speaker 3: Yes, this is a niche name I'm looking at here, 63 00:02:52,840 --> 00:02:57,200 Speaker 3: that's Surgery Partners. Take our sg ry. We're seeing the 64 00:02:57,240 --> 00:03:01,280 Speaker 3: company tumbling for double digit losses. That's about fifteen percent lower, 65 00:03:01,320 --> 00:03:05,359 Speaker 3: and this is an ambulatory Surgery Clinic Group, and we're 66 00:03:05,400 --> 00:03:10,200 Speaker 3: seeing it after a rejected a takeover offer from Bing Capital. 67 00:03:10,480 --> 00:03:12,520 Speaker 3: And this is interesting given the fact that it's peer 68 00:03:12,800 --> 00:03:16,480 Speaker 3: am Surge and actually had a recent acquisition by Ascension 69 00:03:16,520 --> 00:03:19,560 Speaker 3: Health for three point nine billion dollars. So we're seeing 70 00:03:19,600 --> 00:03:21,720 Speaker 3: the street not really liking the fact of this rejection. 71 00:03:21,800 --> 00:03:24,280 Speaker 3: But as I'm really parsing through different analysts notes, including 72 00:03:24,280 --> 00:03:27,440 Speaker 3: our very own Bloomberg Intelligence, they are also saying that 73 00:03:27,800 --> 00:03:30,880 Speaker 3: it's not necessarily a credit negative for the company, So 74 00:03:31,120 --> 00:03:33,320 Speaker 3: very important to bear in minds here. But as I'm 75 00:03:33,320 --> 00:03:35,120 Speaker 3: looking at the stock, you know, I've found for its 76 00:03:35,160 --> 00:03:37,080 Speaker 3: worst day since April twenty twenty two. 77 00:03:37,160 --> 00:03:42,000 Speaker 1: Here Sgry Surgery Partners down twelve, go ahead and round 78 00:03:42,040 --> 00:03:45,600 Speaker 1: that up to thirteen percent. Yesterday, not one stock in 79 00:03:45,640 --> 00:03:50,760 Speaker 1: the red for our stock movers, Carol. Today, every stock 80 00:03:50,800 --> 00:03:51,200 Speaker 1: in the red. 81 00:03:51,280 --> 00:03:53,400 Speaker 4: I know, I know, like a very different tone. I 82 00:03:53,440 --> 00:03:55,240 Speaker 4: was just thinking about yesterday I had so much to 83 00:03:55,320 --> 00:03:58,000 Speaker 4: choose from in terms of putting together my own game 84 00:03:58,080 --> 00:04:00,240 Speaker 4: rays list, and then today the tone, well, let's we 85 00:04:00,280 --> 00:04:02,040 Speaker 4: are focused on what's going on in the Middle East. 86 00:04:02,360 --> 00:04:04,440 Speaker 4: Question is where where we go from here and whether 87 00:04:04,520 --> 00:04:07,400 Speaker 4: or not the tensions escalate right and if it broadens 88 00:04:07,440 --> 00:04:10,200 Speaker 4: out and we are questioning where the US is on 89 00:04:10,360 --> 00:04:10,760 Speaker 4: all of this. 90 00:04:12,360 --> 00:04:16,480 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 91 00:04:16,560 --> 00:04:19,320 Speaker 2: us throughout the day for the latest roundup of companies 92 00:04:19,360 --> 00:04:22,440 Speaker 2: making news on Wall Street and for the latest market 93 00:04:22,440 --> 00:04:26,839 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 94 00:04:26,880 --> 00:04:30,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 95 00:04:30,200 --> 00:04:31,640 Speaker 2: the Bloomberg Business app.