1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Movers report your roundup of companies making moves 3 00:00:12,440 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:19,880 Speaker 1: I'm Tim Steineveeck along with Carol Masser. We are joined 5 00:00:19,920 --> 00:00:23,760 Speaker 1: by Bloomberg Television Markets correspondent Noram Melnda for some stocks 6 00:00:23,880 --> 00:00:25,280 Speaker 1: on the move? What do you see, Nora? 7 00:00:25,760 --> 00:00:27,440 Speaker 3: Well, I wanted to give you some balance because we 8 00:00:27,480 --> 00:00:29,760 Speaker 3: do know that the market is really rallying today. So 9 00:00:29,840 --> 00:00:32,000 Speaker 3: let's give you a name in the red im we can't. 10 00:00:32,040 --> 00:00:35,720 Speaker 3: Shares of Constellation Energy take her CEG earlier down as 11 00:00:35,760 --> 00:00:38,440 Speaker 3: much as nine percent. This is after the company gave 12 00:00:38,520 --> 00:00:41,640 Speaker 3: a full year EPs guidance that missed and fell short 13 00:00:41,720 --> 00:00:44,640 Speaker 3: of the average analyst estimate. They also failed to advance 14 00:00:44,720 --> 00:00:47,280 Speaker 3: details on data center deals. So we know that this 15 00:00:47,320 --> 00:00:50,040 Speaker 3: has really been integral to the company that's really been pressured. 16 00:00:50,120 --> 00:00:52,280 Speaker 3: So far this year, the stock is down about twenty 17 00:00:52,280 --> 00:00:55,520 Speaker 3: two percent so far in twenty twenty two, twenty twenty six. 18 00:00:55,640 --> 00:00:56,080 Speaker 1: Where are we? 19 00:00:56,360 --> 00:00:58,880 Speaker 4: Yeah, no, no, no, please tell me about it. But 20 00:00:58,960 --> 00:01:00,680 Speaker 4: we you know it gained sixty percent last year and 21 00:01:00,720 --> 00:01:02,680 Speaker 4: in twenty twenty four yarsif about ninety one percent. It 22 00:01:02,720 --> 00:01:05,120 Speaker 4: was a darling for a while because. 23 00:01:04,840 --> 00:01:07,240 Speaker 1: Of the demand for energy. I mean, if hydro they 24 00:01:07,240 --> 00:01:13,319 Speaker 1: do nuclear win solar energy, so carbon free for data centers. 25 00:01:13,400 --> 00:01:15,759 Speaker 4: Right, and then as we question, right, this AI play 26 00:01:15,840 --> 00:01:18,200 Speaker 4: or whatever, right in terms of the build and the spend. 27 00:01:18,000 --> 00:01:20,119 Speaker 3: Right, and Wall Street's still largely bullish on the stock. 28 00:01:20,120 --> 00:01:21,280 Speaker 3: If you take a look at the A and R 29 00:01:21,400 --> 00:01:24,200 Speaker 3: page on the terminal, we see that about seventy eight 30 00:01:24,240 --> 00:01:26,640 Speaker 3: percent of Wall Street analysts are saying to buy the 31 00:01:26,680 --> 00:01:28,640 Speaker 3: stock and zero people saying so all. 32 00:01:28,640 --> 00:01:30,920 Speaker 4: Right, let's go to a gainer in today's session. 33 00:01:30,959 --> 00:01:34,399 Speaker 3: Marvel Technology, Yes, Marvell Technology. Is this one's funny because 34 00:01:34,400 --> 00:01:37,520 Speaker 3: I always thought it was Marvel, but it's Marvel. So 35 00:01:37,600 --> 00:01:42,040 Speaker 3: this is take your MRVL superheroes. Yes, right, So this 36 00:01:42,120 --> 00:01:44,360 Speaker 3: stock is up for double digit gains today. This is 37 00:01:44,360 --> 00:01:46,720 Speaker 3: after in video said it's taking a two billion dollar 38 00:01:46,760 --> 00:01:50,320 Speaker 3: stake in opening up its system to allow Marvel to 39 00:01:50,400 --> 00:01:54,600 Speaker 3: integrate custom AI chips and networking equipment on the platform. 40 00:01:54,920 --> 00:01:57,360 Speaker 3: So clearly, of course you'd expect you see quite some 41 00:01:57,520 --> 00:02:00,240 Speaker 3: action today in trading. Stairs of the company up about 42 00:02:00,240 --> 00:02:03,080 Speaker 3: thirteen percent right now as we speak. And the company's 43 00:02:03,120 --> 00:02:05,279 Speaker 3: really been on a roll. So far this year, stock 44 00:02:05,320 --> 00:02:08,000 Speaker 3: is up about sixteen percent in twenty twenty six. 45 00:02:10,200 --> 00:02:15,560 Speaker 4: Hello, Hello, Digesting. Hey, well hi, this is Bloomberg calling Tim. 46 00:02:16,000 --> 00:02:20,200 Speaker 1: I'm trying to think of a good little segue, Nora said, Digesting, 47 00:02:20,480 --> 00:02:23,320 Speaker 1: which is actually think a good segue. I love that 48 00:02:23,400 --> 00:02:25,359 Speaker 1: to the m and A news. There's so much m 49 00:02:25,400 --> 00:02:27,760 Speaker 1: and A today that is actually moving the market. So 50 00:02:27,800 --> 00:02:30,079 Speaker 1: you could have done three stocks that we're all affected 51 00:02:30,120 --> 00:02:33,239 Speaker 1: by MNA today, but I'm glad you chose these last two. 52 00:02:33,400 --> 00:02:36,919 Speaker 3: Yay, happy to make you happy. I'm making shares of Unilever. 53 00:02:37,280 --> 00:02:40,400 Speaker 3: I'm looking at the US eighty rs SO ticker UL 54 00:02:40,639 --> 00:02:43,240 Speaker 3: down alongside McCormick. And we know that this is after 55 00:02:43,360 --> 00:02:45,960 Speaker 3: Unilever said that it agreed to combine its food business 56 00:02:45,960 --> 00:02:49,360 Speaker 3: with McCormick in about a forty four billion dollar deal. 57 00:02:49,400 --> 00:02:51,920 Speaker 3: They say that this deal would of course be one 58 00:02:51,960 --> 00:02:54,080 Speaker 3: of the biggest that we're seeing. But also we do 59 00:02:54,160 --> 00:02:56,080 Speaker 3: know that under the agreement that McCormick will pay about 60 00:02:56,080 --> 00:02:59,600 Speaker 3: fifteen billion dollars in cash. That's the equivalent of about 61 00:02:59,639 --> 00:03:02,760 Speaker 3: twenty nine billion dollars in shares for most of Unilever's 62 00:03:02,760 --> 00:03:06,000 Speaker 3: food business. So this is a really interesting combination. RBC 63 00:03:06,080 --> 00:03:08,400 Speaker 3: Capital though the analysts over there seeing that they're pretty 64 00:03:08,480 --> 00:03:11,040 Speaker 3: much unimpressed by this deal. But we do know both 65 00:03:11,040 --> 00:03:13,680 Speaker 3: of these stocks haven't been doing too well. Shares of 66 00:03:13,760 --> 00:03:17,280 Speaker 3: Unilever down on the year, McCormick down about twenty six 67 00:03:17,360 --> 00:03:20,160 Speaker 3: percent so far this year. Unilever right now heading for 68 00:03:20,240 --> 00:03:21,880 Speaker 3: its worst day since twenty twenty two. 69 00:03:22,000 --> 00:03:22,960 Speaker 4: So nobody likes it. 70 00:03:23,080 --> 00:03:24,959 Speaker 3: Nobody's a fan, apparently. 71 00:03:24,639 --> 00:03:26,480 Speaker 1: Woeaw I mean banks are a fan. 72 00:03:26,720 --> 00:03:29,760 Speaker 4: Yeah, true, Well because they're making money, yeah, doing the 73 00:03:29,840 --> 00:03:30,200 Speaker 4: leg work. 74 00:03:30,280 --> 00:03:32,240 Speaker 1: We got a great story on the terminal banks line 75 00:03:32,320 --> 00:03:36,040 Speaker 1: up thirty eight billion dollars debt for Cisco McCormick food deals. 76 00:03:36,080 --> 00:03:39,200 Speaker 1: So just between yesterday and today, the debt that's being 77 00:03:39,280 --> 00:03:41,000 Speaker 1: used thirty eight billion dollars. 78 00:03:41,680 --> 00:03:43,200 Speaker 2: Good stuff, good stuff, good stuff. 79 00:03:43,280 --> 00:03:46,080 Speaker 1: Fifteen point seven billion dollars. McCormick has obtained fifteen point 80 00:03:46,120 --> 00:03:48,960 Speaker 1: seven billion dollars of committed bridge financing to help it's 81 00:03:49,000 --> 00:03:52,080 Speaker 1: planned forty four point eight billion dollar combination with most 82 00:03:52,080 --> 00:03:54,560 Speaker 1: of Unilever's business. 83 00:03:55,120 --> 00:03:59,120 Speaker 2: This stock Mover's report from Bloomberg Radio. Check back with 84 00:03:59,200 --> 00:04:01,800 Speaker 2: us throughout the day for the latest roundup of companies 85 00:04:01,840 --> 00:04:04,960 Speaker 2: making news on Wall Street and for the latest market 86 00:04:05,000 --> 00:04:09,480 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 87 00:04:09,560 --> 00:04:13,040 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 88 00:04:13,120 --> 00:04:14,600 Speaker 2: the Bloomberg Business app.