WEBVTT - Weekly Roundup: Alphabet Soars, Clorox Sinks, Centene Rallies

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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 3>I'm Jim Staneveek along with Carol Masser. We're joined by

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<v Speaker 3>Bloomberg News Equities reporter Avalon Pronell. For some stocks on

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<v Speaker 3>the move this week, because it's Friday, we take a

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<v Speaker 3>look at stocks that moved big time this week.

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<v Speaker 4>What you got for us, Well, we have to start

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<v Speaker 4>off with Alphabet.

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<v Speaker 5>You mentioned big Tech earlier. That's ticker Googl closed up

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<v Speaker 5>twelve percent this week to hit its best weekly gains

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<v Speaker 5>it's twenty twenty three. And that's all because a Google

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<v Speaker 5>parent company had a very good earnings print, to say

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<v Speaker 5>the least, at walloped expectations for its earnings per share

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<v Speaker 5>for the first quarter. It also had very strong demand

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<v Speaker 5>for its AI and cloud offerings, and those results did

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<v Speaker 5>a lot to ease a lot of questions that investors

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<v Speaker 5>have been having for the past couple of months about

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<v Speaker 5>how Google Search would be impacted by AI.

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<v Speaker 1>I feel like all of those big tech earnings, everybody

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<v Speaker 1>was talking about Alphabet. The ROI is there right, They're

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<v Speaker 1>showing what it can do. It's pretty impressive.

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<v Speaker 3>We had a great chat we did man Deep Saying

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<v Speaker 3>from Bloomberg Intelligence. You can find it on our podcast

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<v Speaker 3>feed for our weekend show YEP and the weekend program

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<v Speaker 3>which will be arying tomorrow morning too here on Bloomberg Radio,

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<v Speaker 3>where he talks about the vertical integration that alphabet is

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<v Speaker 3>doing and how that's setting it apart from its peers

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<v Speaker 3>when it comes to the hyperscalers.

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<v Speaker 4>Yeah, it was really fascinating. Give us an important distinction

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<v Speaker 4>good stuff Glorox. Yes, that's too easy, from an alphabet

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<v Speaker 4>to chlorox.

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<v Speaker 2>Yeah.

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<v Speaker 5>It fell twelve percent this week to and it's worst

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<v Speaker 5>weekly dropped since twenty twenty two. And that's after the

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<v Speaker 5>Household Products Company slashed its full year EPs guidance and

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<v Speaker 5>also reported the third quarter organic sales miss. Part of

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<v Speaker 5>that miss stems from its relaunched cat litter business not

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<v Speaker 5>necessarily getting super prominent shelf space, and also it's salad

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<v Speaker 5>dressing business continuing to struggle amid what managements calling the

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<v Speaker 5>golp one situation so funny to talk.

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<v Speaker 4>About Clorox then you're talking salad dressing. But I get it.

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<v Speaker 4>I get it. They have a time.

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<v Speaker 3>Maybe they shoulds it's Hidden Valleys, But I was going

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<v Speaker 3>to make a joke maybe Florox salads.

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<v Speaker 4>No, no, no, we're just get like when we get

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<v Speaker 4>in trouble.

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<v Speaker 3>No, no, it's it is. They own Hidden Valley Ranch.

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<v Speaker 3>They acquired it back in the nineteen seventies. I Love

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<v Speaker 3>ran nineteen seventiess bought this for eight million dollars.

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<v Speaker 1>Everybody used to dip everything in ranch, like all kinds

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<v Speaker 1>of vegetables and everything. But I do think, well, I

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<v Speaker 1>don't know. I don't know if it's healthier trends or

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<v Speaker 1>just different buying habits.

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<v Speaker 3>Do you remember Clorox also owns birds Bees.

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<v Speaker 2>I did not know.

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<v Speaker 3>They bought it for back in two thousand and sevens.

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<v Speaker 3>They've done that for almost twenty years. Yeah. Yeah, it's

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<v Speaker 3>a very diverse Fie fortfolio.

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<v Speaker 4>They were that diverse.

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<v Speaker 3>Yeah, they're very it's a diversified.

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<v Speaker 1>Okay, yeah, sentea, not just bleach. I know, I don't

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<v Speaker 1>even use bleach anymore. I grew up using bleach all

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<v Speaker 1>the time, and we just you don't do We.

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<v Speaker 3>Don't really use it either, And I think a lot

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<v Speaker 3>of bleach now they have like no on chlorine bleach too.

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<v Speaker 1>Yeah, and then anyway, oxycon gal senten, is this your

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<v Speaker 1>top gainer in the.

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<v Speaker 5>SMP it sure is as ticker CNC jump twenty percent

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<v Speaker 5>this week to not its best weekly gains since two

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<v Speaker 5>thousand and six, and that's after the health insurer boosted

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<v Speaker 5>its profit outlook for the year and reported a first

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<v Speaker 5>quarter beat. Mizuho writing that a lot of those key

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<v Speaker 5>metrics came in bettered and expected, as all three of

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<v Speaker 5>the business lines of that company beat estimates. And it's

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<v Speaker 5>just another great sign of recovery and health.

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<v Speaker 4>Insurance, yeah, which has not been an easy area.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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