WEBVTT - Pfizer Tumbles, Xcel Energy Drops on Lawsuit, Comcast Gains

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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 1>All right, I'm Carol Messer along with Tim Stanvik. Let's

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<v Speaker 1>get to some of the stacks on the move on

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<v Speaker 1>this Tuesday. Bloberg News Equities reporter and deputy team leader

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<v Speaker 1>for US Equities Carmen Reinicky is in the house. Where

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<v Speaker 1>shall we begin.

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<v Speaker 3>Yeah, let's start with Pfizer. This is ticker PFE. So

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<v Speaker 3>it's down about four and a half percent right now.

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<v Speaker 3>The drug maker forecasts little to no sales growth next year,

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<v Speaker 3>so it's sort of a warning sign for the drug maker.

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<v Speaker 3>It's looking to rebuild a pipeline of hit drugs. I

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<v Speaker 3>think the stock is still down, you know, fifty percent

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<v Speaker 3>since Covid, you know, in trying to sort of rebuild that.

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<v Speaker 3>And it also comes sort of after a series of

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<v Speaker 3>pricey acquisitions that the company has made. So basically they

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<v Speaker 3>said revenue in twenty twenty six will be between five

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<v Speaker 3>and a half billion to twenty six and half billion,

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<v Speaker 3>and that really fell below the midpoint of what analysts

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<v Speaker 3>were expecting in that time period.

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<v Speaker 4>Yeah, stock down about five percent so far this year.

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<v Speaker 4>I mean, this is just such a far cry, Carroll

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<v Speaker 4>from what this company was a few years ago, when

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<v Speaker 4>this was, you know, one of just a handful of

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<v Speaker 4>companies that had developed what people saw at the time

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<v Speaker 4>as a COVID vaccine at a time when.

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<v Speaker 1>We were like, did you get the Pfizer of the

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<v Speaker 1>Maderna And that's basically what we did. I mean, it

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<v Speaker 1>was on a tear. You go back to twenty twenty one,

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<v Speaker 1>it was up sixty percent, six zero percent. But you know,

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<v Speaker 1>hence life after COVID, Right, these guys have to think

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<v Speaker 1>about their pipeline and what's next.

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<v Speaker 4>Down forty seven percent from twenty twenty one highs.

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<v Speaker 1>Yeah, right, like we know this story, all right, where

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<v Speaker 1>do we go next?

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<v Speaker 3>Let's look at Excel Energy. This is ticker XEL. It's

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<v Speaker 3>down nearly three percent right now. So Texas Attorney General

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<v Speaker 3>Ken Paxton issuing the company, accusing it of bleatant negligence

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<v Speaker 3>over its role in the Smokehouse Creek wildfare that sorry

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<v Speaker 3>it caused more than a billion in damage last year

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<v Speaker 3>and killed three people. He actually had said in August

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<v Speaker 3>that he was investigating the company here and claims that

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<v Speaker 3>they prioritize sort of environmental and diversity goals over maintenance.

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<v Speaker 3>Excel did acknowledge that its infrastructure likely caused or was

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<v Speaker 3>involved in starting the Smokehouse fire, but it has refuted

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<v Speaker 3>sort of all of the accusations of negligence.

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<v Speaker 4>Remember I remember remember this at being a mover when

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<v Speaker 4>those fires were going on. Carol and I would come

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<v Speaker 4>back to a day in day out that hey, this

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<v Speaker 4>shares an Excel down again as a result of a

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<v Speaker 4>concern about the wildfire.

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<v Speaker 1>Yeah, I mean this is kind of the new reality.

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<v Speaker 4>Right Also on a day when we're seeing energy companies

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<v Speaker 4>take a hit, No, and that's oil price is falling.

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<v Speaker 1>To right, layer of that on top of it, Hey,

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<v Speaker 1>I want to go to comcasts. This is like a

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<v Speaker 1>top gainer in both the S and P and the

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<v Speaker 1>Nasdaq one hundred. I had to like move around, look

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<v Speaker 1>around because I was looking at this one earlier today exactly.

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<v Speaker 3>So yeah, it's the top top performer on the S

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<v Speaker 3>and P right now. It was a little bit hard

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<v Speaker 3>to find and wanted to find at least one stock

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<v Speaker 3>that was up today, So cmcssay it's up about four

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<v Speaker 3>point six percent right now. So what we've reported at

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<v Speaker 3>least is that CNBC's David Faber speculated on possible activist

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<v Speaker 3>involvement in the company, basically commenting on some interesting trading

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<v Speaker 3>activity that he was seeing, particularly in the swaps market

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<v Speaker 3>and sort of in options trading around Comcast. So looking

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<v Speaker 3>at that, it is the best day since July thirty. First,

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<v Speaker 3>I'm so pretty good.

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<v Speaker 2>Jump. Yeah.

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<v Speaker 1>I thought it was kind of interesting too, poking arm.

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<v Speaker 4>What I love. I love that David Favor is the

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<v Speaker 4>one doing this. I mean, he's like, Okay, Comcasts still

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<v Speaker 4>owns CNBC. They're going to spin off into Verse in correct,

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<v Speaker 4>which and Comcast will still have a large stake of Verson.

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<v Speaker 4>But it's like, you know what, are you looking around

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<v Speaker 4>the building for something going on? Right?

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<v Speaker 1>Yeah? Exactly exactly.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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