1 00:00:02,520 --> 00:00:08,600 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,520 Speaker 2: Stock Mover's Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,440 --> 00:00:18,720 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,000 --> 00:00:22,880 Speaker 1: I'm Tom Keen with Paul Sweeney and Bloomberg's Alexis all. 6 00:00:22,840 --> 00:00:24,880 Speaker 4: Right, thanks, guys, I want to start with you. Mana. 7 00:00:24,920 --> 00:00:27,520 Speaker 4: The stock is down six percent here in the pre market, 8 00:00:27,560 --> 00:00:30,320 Speaker 4: though it is up about fifty two percent so far 9 00:00:30,400 --> 00:00:33,120 Speaker 4: this year. So it came out with strong second quarter 10 00:00:33,159 --> 00:00:35,760 Speaker 4: earnings and Wall Street was hoping the insurer would raise 11 00:00:35,800 --> 00:00:38,199 Speaker 4: its profit guidance. It did not, which is one of 12 00:00:38,200 --> 00:00:40,840 Speaker 4: the reasons why the stock is down. Humana also said 13 00:00:40,840 --> 00:00:44,040 Speaker 4: it's spent more on medical expenses last quarter in its 14 00:00:44,120 --> 00:00:49,319 Speaker 4: insurance segment than Wall Street anticipated. And Humana is one 15 00:00:49,320 --> 00:00:52,320 Speaker 4: of the biggest sellers of Medicare advantage plans, which also 16 00:00:52,440 --> 00:00:54,520 Speaker 4: makes up the bulk of the company's revenue. And we 17 00:00:54,600 --> 00:00:58,000 Speaker 4: know that there's been increased government scrutiny about this plan. 18 00:00:58,080 --> 00:01:01,040 Speaker 4: It's made it more difficult for companies to in that 19 00:01:01,080 --> 00:01:05,440 Speaker 4: business recently. So Humana says that the gap is growing. 20 00:01:05,480 --> 00:01:07,840 Speaker 4: There there's a bigger gap of the segment between medical 21 00:01:07,840 --> 00:01:11,080 Speaker 4: costs and revenues, and that it would have to cut 22 00:01:11,120 --> 00:01:12,840 Speaker 4: benefits to maintain profitability. 23 00:01:12,959 --> 00:01:14,840 Speaker 3: Thank you so much for doing this. Involved. This is 24 00:01:14,880 --> 00:01:17,200 Speaker 3: the kind of stuff you'll learn an earning season. I know, 25 00:01:17,680 --> 00:01:20,640 Speaker 3: business plans were I mean, I'm still getting over IBM. 26 00:01:20,959 --> 00:01:21,240 Speaker 1: Yeah. 27 00:01:21,680 --> 00:01:22,520 Speaker 3: Oops, it's not. 28 00:01:22,560 --> 00:01:25,160 Speaker 4: Working now, it's not that was a surprise. Yeah, I 29 00:01:25,200 --> 00:01:27,119 Speaker 4: don't think this is as much of a surprise because 30 00:01:27,319 --> 00:01:29,440 Speaker 4: and a lot of the other insurers are going through 31 00:01:29,440 --> 00:01:31,240 Speaker 4: the same thing. All right, let's move on to the 32 00:01:31,280 --> 00:01:35,919 Speaker 4: consumer giant Procter and Gamble. You know it, tied detergent, press, toothpaste, 33 00:01:35,959 --> 00:01:38,480 Speaker 4: Bounty paper, towel. The list goes on and on. So 34 00:01:38,520 --> 00:01:41,280 Speaker 4: the stock is down three percent, up about four percent 35 00:01:41,280 --> 00:01:43,839 Speaker 4: though year to date, P and G reporting a lower 36 00:01:43,920 --> 00:01:48,560 Speaker 4: fourth quarter profit and also forecasting full year sales and 37 00:01:48,600 --> 00:01:51,960 Speaker 4: profit well below estimates. It's continuing to deal with a 38 00:01:52,080 --> 00:01:55,760 Speaker 4: volatile environment, higher costs, some of the tariff stuff going on, 39 00:01:55,840 --> 00:01:59,040 Speaker 4: but also Americans squeezed by inflation, trying to stretch their 40 00:01:59,040 --> 00:02:03,040 Speaker 4: budgets looking for value down the aisle in the supermarket. 41 00:02:03,160 --> 00:02:05,680 Speaker 4: Organic sales, which we know is always an important metric 42 00:02:05,760 --> 00:02:09,880 Speaker 4: here that was flat it did rise in PNG's beauty segment. 43 00:02:10,120 --> 00:02:11,800 Speaker 4: You don't think beauty, what do you think P and G? 44 00:02:11,919 --> 00:02:13,960 Speaker 4: But there you go. But it fell in its healthcare 45 00:02:14,080 --> 00:02:17,280 Speaker 4: unit also baby, feminine and family care division. 46 00:02:18,120 --> 00:02:19,560 Speaker 3: It's like Nesli in Switzerland. 47 00:02:19,720 --> 00:02:19,840 Speaker 2: Yep. 48 00:02:20,320 --> 00:02:24,920 Speaker 1: Low single digit revenue growth, ten year total return, no 49 00:02:25,040 --> 00:02:29,040 Speaker 1: not even GDP ten year total return eight point four 50 00:02:29,080 --> 00:02:31,440 Speaker 1: percent per year. It's priced right now back to where 51 00:02:31,440 --> 00:02:34,880 Speaker 1: it was in the beginning of COVID, like middle COVID. 52 00:02:34,639 --> 00:02:36,360 Speaker 3: YEP, and honest thing. 53 00:02:36,560 --> 00:02:38,799 Speaker 4: In large part, I think for the dividend yield, which 54 00:02:38,840 --> 00:02:41,639 Speaker 4: is two point nine percent, which I think could be higher. 55 00:02:41,639 --> 00:02:43,679 Speaker 4: They grow at about five or six percent every year. 56 00:02:43,720 --> 00:02:46,840 Speaker 4: But you like to think they did maintain that. They didn't. 57 00:02:46,840 --> 00:02:48,080 Speaker 4: They're not cutting. 58 00:02:47,400 --> 00:02:50,240 Speaker 1: They've they've got a peel off. 59 00:02:50,480 --> 00:02:52,919 Speaker 3: They've got a shrink. That's the only path. 60 00:02:53,280 --> 00:02:55,280 Speaker 4: Do they cut the do they do? They spin things off? 61 00:02:55,800 --> 00:02:58,239 Speaker 3: That's what Neslie's doing. The water business. 62 00:02:57,919 --> 00:03:02,200 Speaker 4: Yeah, that's right, let's go luxury caring. This is the 63 00:03:02,200 --> 00:03:04,679 Speaker 4: company that owns Gucci and others. But Gucci is the 64 00:03:04,680 --> 00:03:08,160 Speaker 4: flagship brand. So here's why they're celebrating. Because sales fell 65 00:03:08,200 --> 00:03:12,400 Speaker 4: but less than expected, okay, down two percent, so shares 66 00:03:12,480 --> 00:03:14,960 Speaker 4: of kerg up about five percent, you know what, They 67 00:03:14,960 --> 00:03:17,120 Speaker 4: were about fourteen percent earlier, So I don't really know 68 00:03:17,160 --> 00:03:20,040 Speaker 4: why we've come down so much, but still up five percent, 69 00:03:20,800 --> 00:03:24,679 Speaker 4: and Gucci sales topping estimates. Like I said, but this 70 00:03:24,760 --> 00:03:28,040 Speaker 4: is after Ermez came out. They make the burke and bags, you. 71 00:03:27,960 --> 00:03:29,119 Speaker 3: Know, yes, I'm aware of those. 72 00:03:29,200 --> 00:03:32,520 Speaker 4: Yeah, they came out this morning. Disappointed. Stock is at 73 00:03:32,639 --> 00:03:35,720 Speaker 4: the lowest level in three years because China. The demand 74 00:03:35,800 --> 00:03:38,200 Speaker 4: is not there in China, especially for its leather goods. 75 00:03:38,280 --> 00:03:41,960 Speaker 4: So Ermez Hurting, Louis Vuitan lvmh Herting as well, they 76 00:03:41,960 --> 00:03:43,920 Speaker 4: were out with earning, so sort of carrying is a 77 00:03:43,920 --> 00:03:46,040 Speaker 4: little bit of an outlier here, and it shows that 78 00:03:46,080 --> 00:03:48,400 Speaker 4: the turnaround efforts are starting to take hold at Gucci. 79 00:03:49,800 --> 00:03:53,840 Speaker 2: The Stock Mover's report from Bloomberg Radio. 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