Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Jim Staneveek along with Carol Masser. We're joined by
Speaker 3: Bloomberg News Equities reporter Avalon Pronell. For some stocks on
Speaker 3: the move this week, because it's Friday, we take a
Speaker 3: look at stocks that moved big time this week.
Speaker 4: What you got for us, Well, we have to start
Speaker 4: off with Alphabet.
Speaker 5: You mentioned big Tech earlier. That's ticker Googl closed up
Speaker 5: twelve percent this week to hit its best weekly gains
Speaker 5: it's twenty twenty three. And that's all because a Google
Speaker 5: parent company had a very good earnings print, to say
Speaker 5: the least, at walloped expectations for its earnings per share
Speaker 5: for the first quarter. It also had very strong demand
Speaker 5: for its AI and cloud offerings, and those results did
Speaker 5: a lot to ease a lot of questions that investors
Speaker 5: have been having for the past couple of months about
Speaker 5: how Google Search would be impacted by AI.
Speaker 1: I feel like all of those big tech earnings, everybody
Speaker 1: was talking about Alphabet. The ROI is there right, They're
Speaker 1: showing what it can do. It's pretty impressive.
Speaker 3: We had a great chat we did man Deep Saying
Speaker 3: from Bloomberg Intelligence. You can find it on our podcast
Speaker 3: feed for our weekend show YEP and the weekend program
Speaker 3: which will be arying tomorrow morning too here on Bloomberg Radio,
Speaker 3: where he talks about the vertical integration that alphabet is
Speaker 3: doing and how that's setting it apart from its peers
Speaker 3: when it comes to the hyperscalers.
Speaker 4: Yeah, it was really fascinating. Give us an important distinction
Speaker 4: good stuff Glorox. Yes, that's too easy, from an alphabet
Speaker 4: to chlorox.
Speaker 2: Yeah.
Speaker 5: It fell twelve percent this week to and it's worst
Speaker 5: weekly dropped since twenty twenty two. And that's after the
Speaker 5: Household Products Company slashed its full year EPs guidance and
Speaker 5: also reported the third quarter organic sales miss. Part of
Speaker 5: that miss stems from its relaunched cat litter business not
Speaker 5: necessarily getting super prominent shelf space, and also it's salad
Speaker 5: dressing business continuing to struggle amid what managements calling the
Speaker 5: golp one situation so funny to talk.
Speaker 4: About Clorox then you're talking salad dressing. But I get it.
Speaker 4: I get it. They have a time.
Speaker 3: Maybe they shoulds it's Hidden Valleys, But I was going
Speaker 3: to make a joke maybe Florox salads.
Speaker 4: No, no, no, we're just get like when we get
Speaker 4: in trouble.
Speaker 3: No, no, it's it is. They own Hidden Valley Ranch.
Speaker 3: They acquired it back in the nineteen seventies. I Love
Speaker 3: ran nineteen seventiess bought this for eight million dollars.
Speaker 1: Everybody used to dip everything in ranch, like all kinds
Speaker 1: of vegetables and everything. But I do think, well, I
Speaker 1: don't know. I don't know if it's healthier trends or
Speaker 1: just different buying habits.
Speaker 3: Do you remember Clorox also owns birds Bees.
Speaker 2: I did not know.
Speaker 3: They bought it for back in two thousand and sevens.
Speaker 3: They've done that for almost twenty years. Yeah. Yeah, it's
Speaker 3: a very diverse Fie fortfolio.
Speaker 4: They were that diverse.
Speaker 3: Yeah, they're very it's a diversified.
Speaker 1: Okay, yeah, sentea, not just bleach. I know, I don't
Speaker 1: even use bleach anymore. I grew up using bleach all
Speaker 1: the time, and we just you don't do We.
Speaker 3: Don't really use it either, And I think a lot
Speaker 3: of bleach now they have like no on chlorine bleach too.
Speaker 1: Yeah, and then anyway, oxycon gal senten, is this your
Speaker 1: top gainer in the.
Speaker 5: SMP it sure is as ticker CNC jump twenty percent
Speaker 5: this week to not its best weekly gains since two
Speaker 5: thousand and six, and that's after the health insurer boosted
Speaker 5: its profit outlook for the year and reported a first
Speaker 5: quarter beat. Mizuho writing that a lot of those key
Speaker 5: metrics came in bettered and expected, as all three of
Speaker 5: the business lines of that company beat estimates. And it's
Speaker 5: just another great sign of recovery and health.
Speaker 4: Insurance, yeah, which has not been an easy area.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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