1 00:00:02,520 --> 00:00:07,400 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,480 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,920 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,960 --> 00:00:19,480 Speaker 1: All right, I'm Carol Messer along with Tim Stanvik. Let's 5 00:00:19,480 --> 00:00:21,040 Speaker 1: get to some of the stacks on the move on 6 00:00:21,120 --> 00:00:23,680 Speaker 1: this Tuesday. Bloberg News Equities reporter and deputy team leader 7 00:00:23,680 --> 00:00:26,400 Speaker 1: for US Equities Carmen Reinicky is in the house. Where 8 00:00:26,440 --> 00:00:27,400 Speaker 1: shall we begin. 9 00:00:27,440 --> 00:00:30,240 Speaker 3: Yeah, let's start with Pfizer. This is ticker PFE. So 10 00:00:30,280 --> 00:00:32,600 Speaker 3: it's down about four and a half percent right now. 11 00:00:33,120 --> 00:00:36,640 Speaker 3: The drug maker forecasts little to no sales growth next year, 12 00:00:37,280 --> 00:00:39,479 Speaker 3: so it's sort of a warning sign for the drug maker. 13 00:00:39,840 --> 00:00:42,479 Speaker 3: It's looking to rebuild a pipeline of hit drugs. I 14 00:00:42,479 --> 00:00:44,760 Speaker 3: think the stock is still down, you know, fifty percent 15 00:00:45,080 --> 00:00:48,319 Speaker 3: since Covid, you know, in trying to sort of rebuild that. 16 00:00:49,200 --> 00:00:51,720 Speaker 3: And it also comes sort of after a series of 17 00:00:51,720 --> 00:00:55,000 Speaker 3: pricey acquisitions that the company has made. So basically they 18 00:00:55,000 --> 00:00:58,480 Speaker 3: said revenue in twenty twenty six will be between five 19 00:00:58,560 --> 00:01:00,560 Speaker 3: and a half billion to twenty six and half billion, 20 00:01:00,600 --> 00:01:04,040 Speaker 3: and that really fell below the midpoint of what analysts 21 00:01:04,080 --> 00:01:05,399 Speaker 3: were expecting in that time period. 22 00:01:05,800 --> 00:01:08,759 Speaker 4: Yeah, stock down about five percent so far this year. 23 00:01:08,800 --> 00:01:11,119 Speaker 4: I mean, this is just such a far cry, Carroll 24 00:01:11,160 --> 00:01:13,960 Speaker 4: from what this company was a few years ago, when 25 00:01:14,319 --> 00:01:16,640 Speaker 4: this was, you know, one of just a handful of 26 00:01:16,640 --> 00:01:19,520 Speaker 4: companies that had developed what people saw at the time 27 00:01:19,520 --> 00:01:21,839 Speaker 4: as a COVID vaccine at a time when. 28 00:01:21,720 --> 00:01:22,920 Speaker 1: We were like, did you get the Pfizer of the 29 00:01:22,920 --> 00:01:25,080 Speaker 1: Maderna And that's basically what we did. I mean, it 30 00:01:25,120 --> 00:01:27,680 Speaker 1: was on a tear. You go back to twenty twenty one, 31 00:01:27,720 --> 00:01:31,360 Speaker 1: it was up sixty percent, six zero percent. But you know, 32 00:01:31,720 --> 00:01:34,160 Speaker 1: hence life after COVID, Right, these guys have to think 33 00:01:34,160 --> 00:01:35,600 Speaker 1: about their pipeline and what's next. 34 00:01:35,720 --> 00:01:38,759 Speaker 4: Down forty seven percent from twenty twenty one highs. 35 00:01:38,880 --> 00:01:42,119 Speaker 1: Yeah, right, like we know this story, all right, where 36 00:01:42,160 --> 00:01:42,800 Speaker 1: do we go next? 37 00:01:42,959 --> 00:01:46,440 Speaker 3: Let's look at Excel Energy. This is ticker XEL. It's 38 00:01:46,600 --> 00:01:50,880 Speaker 3: down nearly three percent right now. So Texas Attorney General 39 00:01:51,000 --> 00:01:55,440 Speaker 3: Ken Paxton issuing the company, accusing it of bleatant negligence 40 00:01:55,480 --> 00:02:00,800 Speaker 3: over its role in the Smokehouse Creek wildfare that sorry 41 00:02:00,800 --> 00:02:02,840 Speaker 3: it caused more than a billion in damage last year 42 00:02:02,840 --> 00:02:05,919 Speaker 3: and killed three people. He actually had said in August 43 00:02:05,960 --> 00:02:09,600 Speaker 3: that he was investigating the company here and claims that 44 00:02:09,639 --> 00:02:14,239 Speaker 3: they prioritize sort of environmental and diversity goals over maintenance. 45 00:02:14,880 --> 00:02:19,520 Speaker 3: Excel did acknowledge that its infrastructure likely caused or was 46 00:02:19,560 --> 00:02:22,960 Speaker 3: involved in starting the Smokehouse fire, but it has refuted 47 00:02:23,000 --> 00:02:25,560 Speaker 3: sort of all of the accusations of negligence. 48 00:02:27,240 --> 00:02:31,000 Speaker 4: Remember I remember remember this at being a mover when 49 00:02:31,080 --> 00:02:33,400 Speaker 4: those fires were going on. Carol and I would come 50 00:02:33,440 --> 00:02:35,680 Speaker 4: back to a day in day out that hey, this 51 00:02:35,960 --> 00:02:38,600 Speaker 4: shares an Excel down again as a result of a 52 00:02:38,680 --> 00:02:39,800 Speaker 4: concern about the wildfire. 53 00:02:39,960 --> 00:02:42,120 Speaker 1: Yeah, I mean this is kind of the new reality. 54 00:02:42,200 --> 00:02:44,760 Speaker 4: Right Also on a day when we're seeing energy companies 55 00:02:44,800 --> 00:02:46,959 Speaker 4: take a hit, No, and that's oil price is falling. 56 00:02:46,720 --> 00:02:48,639 Speaker 1: To right, layer of that on top of it, Hey, 57 00:02:48,919 --> 00:02:50,400 Speaker 1: I want to go to comcasts. This is like a 58 00:02:50,440 --> 00:02:52,040 Speaker 1: top gainer in both the S and P and the 59 00:02:52,080 --> 00:02:54,680 Speaker 1: Nasdaq one hundred. I had to like move around, look 60 00:02:54,720 --> 00:02:57,320 Speaker 1: around because I was looking at this one earlier today exactly. 61 00:02:57,400 --> 00:02:59,520 Speaker 3: So yeah, it's the top top performer on the S 62 00:02:59,560 --> 00:03:01,720 Speaker 3: and P right now. It was a little bit hard 63 00:03:01,720 --> 00:03:03,440 Speaker 3: to find and wanted to find at least one stock 64 00:03:03,480 --> 00:03:07,200 Speaker 3: that was up today, So cmcssay it's up about four 65 00:03:07,200 --> 00:03:10,840 Speaker 3: point six percent right now. So what we've reported at 66 00:03:10,880 --> 00:03:15,400 Speaker 3: least is that CNBC's David Faber speculated on possible activist 67 00:03:15,400 --> 00:03:19,320 Speaker 3: involvement in the company, basically commenting on some interesting trading 68 00:03:19,360 --> 00:03:22,720 Speaker 3: activity that he was seeing, particularly in the swaps market 69 00:03:22,800 --> 00:03:27,400 Speaker 3: and sort of in options trading around Comcast. So looking 70 00:03:27,480 --> 00:03:31,400 Speaker 3: at that, it is the best day since July thirty. First, 71 00:03:32,040 --> 00:03:32,760 Speaker 3: I'm so pretty good. 72 00:03:32,800 --> 00:03:33,480 Speaker 2: Jump. Yeah. 73 00:03:33,639 --> 00:03:35,360 Speaker 1: I thought it was kind of interesting too, poking arm. 74 00:03:35,360 --> 00:03:38,160 Speaker 4: What I love. I love that David Favor is the 75 00:03:38,160 --> 00:03:41,200 Speaker 4: one doing this. I mean, he's like, Okay, Comcasts still 76 00:03:41,240 --> 00:03:44,280 Speaker 4: owns CNBC. They're going to spin off into Verse in correct, 77 00:03:44,520 --> 00:03:47,680 Speaker 4: which and Comcast will still have a large stake of Verson. 78 00:03:47,760 --> 00:03:49,960 Speaker 4: But it's like, you know what, are you looking around 79 00:03:50,000 --> 00:03:51,400 Speaker 4: the building for something going on? Right? 80 00:03:51,560 --> 00:03:53,160 Speaker 1: Yeah? Exactly exactly. 81 00:03:55,160 --> 00:03:59,160 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 82 00:03:59,240 --> 00:04:01,800 Speaker 2: us throughout the day for the latest roundup of companies 83 00:04:01,880 --> 00:04:05,000 Speaker 2: making news on Wall Street and for the latest market 84 00:04:05,000 --> 00:04:09,480 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 85 00:04:09,600 --> 00:04:13,080 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 86 00:04:13,160 --> 00:04:14,600 Speaker 2: the Bloomberg Business app.