Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: All right, I'm Carol Messer along with Tim Stanvik. Let's
Speaker 1: get to some of the stacks on the move on
Speaker 1: this Tuesday. Bloberg News Equities reporter and deputy team leader
Speaker 1: for US Equities Carmen Reinicky is in the house. Where
Speaker 1: shall we begin.
Speaker 3: Yeah, let's start with Pfizer. This is ticker PFE. So
Speaker 3: it's down about four and a half percent right now.
Speaker 3: The drug maker forecasts little to no sales growth next year,
Speaker 3: so it's sort of a warning sign for the drug maker.
Speaker 3: It's looking to rebuild a pipeline of hit drugs. I
Speaker 3: think the stock is still down, you know, fifty percent
Speaker 3: since Covid, you know, in trying to sort of rebuild that.
Speaker 3: And it also comes sort of after a series of
Speaker 3: pricey acquisitions that the company has made. So basically they
Speaker 3: said revenue in twenty twenty six will be between five
Speaker 3: and a half billion to twenty six and half billion,
Speaker 3: and that really fell below the midpoint of what analysts
Speaker 3: were expecting in that time period.
Speaker 4: Yeah, stock down about five percent so far this year.
Speaker 4: I mean, this is just such a far cry, Carroll
Speaker 4: from what this company was a few years ago, when
Speaker 4: this was, you know, one of just a handful of
Speaker 4: companies that had developed what people saw at the time
Speaker 4: as a COVID vaccine at a time when.
Speaker 1: We were like, did you get the Pfizer of the
Speaker 1: Maderna And that's basically what we did. I mean, it
Speaker 1: was on a tear. You go back to twenty twenty one,
Speaker 1: it was up sixty percent, six zero percent. But you know,
Speaker 1: hence life after COVID, Right, these guys have to think
Speaker 1: about their pipeline and what's next.
Speaker 4: Down forty seven percent from twenty twenty one highs.
Speaker 1: Yeah, right, like we know this story, all right, where
Speaker 1: do we go next?
Speaker 3: Let's look at Excel Energy. This is ticker XEL. It's
Speaker 3: down nearly three percent right now. So Texas Attorney General
Speaker 3: Ken Paxton issuing the company, accusing it of bleatant negligence
Speaker 3: over its role in the Smokehouse Creek wildfare that sorry
Speaker 3: it caused more than a billion in damage last year
Speaker 3: and killed three people. He actually had said in August
Speaker 3: that he was investigating the company here and claims that
Speaker 3: they prioritize sort of environmental and diversity goals over maintenance.
Speaker 3: Excel did acknowledge that its infrastructure likely caused or was
Speaker 3: involved in starting the Smokehouse fire, but it has refuted
Speaker 3: sort of all of the accusations of negligence.
Speaker 4: Remember I remember remember this at being a mover when
Speaker 4: those fires were going on. Carol and I would come
Speaker 4: back to a day in day out that hey, this
Speaker 4: shares an Excel down again as a result of a
Speaker 4: concern about the wildfire.
Speaker 1: Yeah, I mean this is kind of the new reality.
Speaker 4: Right Also on a day when we're seeing energy companies
Speaker 4: take a hit, No, and that's oil price is falling.
Speaker 1: To right, layer of that on top of it, Hey,
Speaker 1: I want to go to comcasts. This is like a
Speaker 1: top gainer in both the S and P and the
Speaker 1: Nasdaq one hundred. I had to like move around, look
Speaker 1: around because I was looking at this one earlier today exactly.
Speaker 3: So yeah, it's the top top performer on the S
Speaker 3: and P right now. It was a little bit hard
Speaker 3: to find and wanted to find at least one stock
Speaker 3: that was up today, So cmcssay it's up about four
Speaker 3: point six percent right now. So what we've reported at
Speaker 3: least is that CNBC's David Faber speculated on possible activist
Speaker 3: involvement in the company, basically commenting on some interesting trading
Speaker 3: activity that he was seeing, particularly in the swaps market
Speaker 3: and sort of in options trading around Comcast. So looking
Speaker 3: at that, it is the best day since July thirty. First,
Speaker 3: I'm so pretty good.
Speaker 2: Jump. Yeah.
Speaker 1: I thought it was kind of interesting too, poking arm.
Speaker 4: What I love. I love that David Favor is the
Speaker 4: one doing this. I mean, he's like, Okay, Comcasts still
Speaker 4: owns CNBC. They're going to spin off into Verse in correct,
Speaker 4: which and Comcast will still have a large stake of Verson.
Speaker 4: But it's like, you know what, are you looking around
Speaker 4: the building for something going on? Right?
Speaker 1: Yeah? Exactly exactly.
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