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Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg Data.
Speaker 1: Let's bring in normal in DA Bloomberg Television Markets correspondent
Speaker 1: for look at some stocks on the move today, Nora,
Speaker 1: what do you have, Well, we've been.
Speaker 3: Looking at financial stocks. They are the worst performing sector
Speaker 3: in the S and P five hundred, and of course
Speaker 3: that's largely due to the fact that we did get
Speaker 3: news that President Donald Trump is calling on credit card
Speaker 3: companies to cap interest rates at ten percent for a
Speaker 3: year now. This deadline is for next Tuesday, January twentieth,
Speaker 3: And this has really been a bipartisan issue. We've been
Speaker 3: seeing both sides of the isleverally pushing to crack down
Speaker 3: on a lot of these credit card companies, especially given
Speaker 3: the fact that a lot of card interest rates are
Speaker 3: hovering above twenty percent over the past few years. But
Speaker 3: there are concerns from a lot of experts who are
Speaker 3: coming out essentially saying that this could potentially wipe out
Speaker 3: earnings from cards for a year, and it could potentially
Speaker 3: incentivize some of these companies to stop lending at the
Speaker 3: caliber that they have thus far right now.
Speaker 1: Yeah, and of course we have JP Morgan kicking off
Speaker 1: bank earnings tomorrow, so it's going to be really interesting
Speaker 1: to hear what CEOs say about these.
Speaker 2: Credit card caps.
Speaker 1: Nora, what else is on your radar?
Speaker 3: Well, I'm also looking at shares of United Health. This
Speaker 3: is taker you in h We're seeing shares that are
Speaker 3: slipping about one point four percent right now as we speak.
Speaker 3: Earlier down as much as two point nine percent. This is,
Speaker 3: of course, after the Wall Street Journal reported that a
Speaker 3: Senate committee is investigating the company's practices that found at
Speaker 3: the company deployed quote unquote aggressive tactics to collect payment
Speaker 3: boosting diagnoses for its Medicare advantage members. So you are
Speaker 3: really seeing this weighing on shares as investors are really
Speaker 3: trying to figure out what the potential implications of this
Speaker 3: could be. I mean, this is a stock that's really
Speaker 3: been battered. I mean it's had three back to back
Speaker 3: years of declines. If you take a look at the
Speaker 3: share action. Just last year, we saw the stock fell
Speaker 3: thirty five percent for twenty twenty five. So we'll just
Speaker 3: have to see whether or not this company is able
Speaker 3: to really eke out a turnaround story.
Speaker 1: Yeah, in need of a turnaround story for sure. What
Speaker 1: about the third one?
Speaker 3: Yes, looking at the consumer space, So restaurants, shake shack
Speaker 3: is where I've got my eyes right now, let's take
Speaker 3: our shack shak. We're seeing shares hire by about four
Speaker 3: percent right now as we speak. This is after the
Speaker 3: company report of preliminary fourth quarter sales that were below
Speaker 3: Wall Street estimates. But we are still seeing shares hire
Speaker 3: as investors are really trying to figure out what are
Speaker 3: some of the tailwinds here. I mean, they did to
Speaker 3: today expect sales to expand by low single digits in
Speaker 3: twenty twenty six. That's compared to analyst expectations for two
Speaker 3: point four percent growth. But they did also mention that
Speaker 3: they planned to open ninety five to one hundred and
Speaker 3: five company operated and license locations this year.
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