1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,080 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:17,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,720 --> 00:00:18,959 Speaker 2: I have to take a look at some of the 5 00:00:19,040 --> 00:00:20,079 Speaker 2: stocks on the move. 6 00:00:20,320 --> 00:00:22,959 Speaker 3: I'm Lisa Mittay with Paul Sweeney. We're joined by Bloomberg's 7 00:00:23,079 --> 00:00:25,320 Speaker 3: Nora Melinda Johnson. 8 00:00:25,400 --> 00:00:26,840 Speaker 2: Johnson came out with earning today. 9 00:00:26,840 --> 00:00:27,720 Speaker 1: How they do right? 10 00:00:27,760 --> 00:00:29,440 Speaker 2: I mean, we've been talking so much about banks today, 11 00:00:29,440 --> 00:00:31,600 Speaker 2: I wanted to talk about the pharmaceutical space. As you mentioned, 12 00:00:31,640 --> 00:00:34,479 Speaker 2: Johnson and Johnson Jay and Jay is the taker there. 13 00:00:34,479 --> 00:00:37,400 Speaker 2: We're seeing shares seeing their best days since twenty twenty 14 00:00:37,440 --> 00:00:40,320 Speaker 2: three and hitting your highest inter day level since March. 15 00:00:40,400 --> 00:00:43,360 Speaker 2: So a really good day today for Johnson and Johnson. 16 00:00:43,400 --> 00:00:46,120 Speaker 2: This is after it beat Wall Street's quarterly sales expectations 17 00:00:46,520 --> 00:00:49,040 Speaker 2: and raise its full year outlook. And of course this 18 00:00:49,080 --> 00:00:52,680 Speaker 2: is kind of showing confidence about the pharmaceutical industry more broadly, 19 00:00:52,720 --> 00:00:55,840 Speaker 2: which we know has been in the spotlight as of late, 20 00:00:55,920 --> 00:00:58,480 Speaker 2: especially with Trump telling reporters that he would impost tariffs's 21 00:00:58,520 --> 00:01:01,760 Speaker 2: highest two hundred percent on drug companies if they don't 22 00:01:01,800 --> 00:01:04,200 Speaker 2: shift more of their manufacturing to the US, So of 23 00:01:04,280 --> 00:01:06,240 Speaker 2: course we're seeing the street kind of rallying behind this thock. 24 00:01:06,319 --> 00:01:07,960 Speaker 2: It's the biggest ganner right now in the SAP five 25 00:01:08,040 --> 00:01:09,919 Speaker 2: hundred by a percentage space, which is as. 26 00:01:09,800 --> 00:01:12,640 Speaker 3: You mentioned, the I think that headwind from President Trump's 27 00:01:12,800 --> 00:01:15,720 Speaker 3: you know, tariff discussion is boy, that's a huge edwin. 28 00:01:15,800 --> 00:01:19,040 Speaker 3: I would think, absolutely stocks, but you know, hopefully it's uh, 29 00:01:19,120 --> 00:01:21,320 Speaker 3: you know, be a little bit less severe when push 30 00:01:21,360 --> 00:01:23,480 Speaker 3: comes to shove there. But still, as you mentioned, a 31 00:01:23,480 --> 00:01:26,360 Speaker 3: good day for New Brunswick, New Jersey based J and 32 00:01:26,440 --> 00:01:27,600 Speaker 3: J pro Logist. 33 00:01:27,800 --> 00:01:29,560 Speaker 2: Pro logist. So this is one of the companies I cover, 34 00:01:29,880 --> 00:01:33,600 Speaker 2: ticker PLD. Yes, it's an industrial rate cool, it's actually 35 00:01:33,600 --> 00:01:36,120 Speaker 2: a bell weather state real estate. I know, always got 36 00:01:36,160 --> 00:01:38,880 Speaker 2: to bring it back to real estate here. Well, it's 37 00:01:38,880 --> 00:01:41,760 Speaker 2: a bell weather for the industrial real estate space. But 38 00:01:41,840 --> 00:01:44,479 Speaker 2: it is seeing its best day since May and hitting 39 00:01:44,480 --> 00:01:47,760 Speaker 2: its highest interday level since March. After it's better than 40 00:01:47,840 --> 00:01:51,520 Speaker 2: feared second quarter earnings. So essentially what happened here is 41 00:01:51,520 --> 00:01:54,160 Speaker 2: that it raised the midpoint of its core FFO guidance, 42 00:01:54,160 --> 00:01:56,520 Speaker 2: which stands for funds for operations, which is the main 43 00:01:56,560 --> 00:01:58,960 Speaker 2: metric that a lot of people like to follow. He said, 44 00:01:58,960 --> 00:01:59,360 Speaker 2: a scape. 45 00:02:00,080 --> 00:02:02,400 Speaker 3: Time I heard that was nineteen ninety three. A rit 46 00:02:02,440 --> 00:02:05,480 Speaker 3: analyst came in and made a pitch. He's given FFO estimately. 47 00:02:05,600 --> 00:02:08,960 Speaker 3: So what I thought my EBI thought was cheesy, but 48 00:02:09,240 --> 00:02:10,280 Speaker 3: FFO was taking it. 49 00:02:10,520 --> 00:02:11,440 Speaker 2: Well, that's what they love. 50 00:02:11,520 --> 00:02:11,959 Speaker 1: They love it. 51 00:02:12,080 --> 00:02:15,400 Speaker 2: Your evercore is saying that the results were better than feared, 52 00:02:15,440 --> 00:02:19,440 Speaker 2: and essentially they see the increase as a surprise to them. 53 00:02:19,560 --> 00:02:22,400 Speaker 2: And so we're seeing the stock, of course, benefiting from this. 54 00:02:22,400 --> 00:02:24,120 Speaker 2: It's one of the top three gainers in the S 55 00:02:24,120 --> 00:02:26,960 Speaker 2: and P five hundred. Actually on a percentage basis, stock 56 00:02:27,040 --> 00:02:30,160 Speaker 2: is up about six percent year today. Though yes like 57 00:02:30,280 --> 00:02:34,560 Speaker 2: Global Payments. Global Payments, that's ticker GPN. I'm looking at 58 00:02:34,560 --> 00:02:38,360 Speaker 2: this company's an electronic transaction processing company, but it's hitting 59 00:02:38,680 --> 00:02:41,400 Speaker 2: its biggest gain since April right now. And this is 60 00:02:41,440 --> 00:02:45,600 Speaker 2: after a Financial Times report that activist hedge fund Elliott 61 00:02:45,639 --> 00:02:49,000 Speaker 2: Management has built a sizable stake in the company. We're 62 00:02:49,000 --> 00:02:50,639 Speaker 2: seeing it as a second biggest gainer in the S 63 00:02:50,680 --> 00:02:53,160 Speaker 2: and P five hundred this morning. While Global Payments didn't 64 00:02:53,200 --> 00:02:56,639 Speaker 2: initially respond to requests for comments, and Elliott also declined 65 00:02:56,639 --> 00:02:59,240 Speaker 2: into comment. Of course, we're hearing a lot of speculation 66 00:02:59,320 --> 00:03:01,240 Speaker 2: on the street about what this could mean for the company. 67 00:03:01,360 --> 00:03:04,160 Speaker 2: More broadly, we're seeing volume on the stock jumping almost 68 00:03:04,160 --> 00:03:07,840 Speaker 2: seven times its average. So stock is down twenty eight 69 00:03:07,840 --> 00:03:09,680 Speaker 2: percent year today, but this is a good day for 70 00:03:09,760 --> 00:03:10,559 Speaker 2: them today. 71 00:03:11,520 --> 00:03:15,640 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 72 00:03:15,720 --> 00:03:18,480 Speaker 1: us throughout the day for the latest roundup of companies 73 00:03:18,520 --> 00:03:21,600 Speaker 1: making news on Wall Street and for the latest market 74 00:03:21,600 --> 00:03:26,000 Speaker 1: moving headlines. 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