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 --> 00:00:14,040 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 00:00:17,760 --> 00:00:19,759 Speaker 2: Let's take a look at some of the stocks on 5 00:00:19,760 --> 00:00:20,239 Speaker 2: the move today. 6 00:00:20,239 --> 00:00:22,680 Speaker 1: We're joined by bloombergs It needs a SECVA, it need 7 00:00:22,720 --> 00:00:23,400 Speaker 1: to what do you look at that. 8 00:00:23,640 --> 00:00:26,240 Speaker 2: Let's start with vaccine and betech socks, because these are 9 00:00:26,600 --> 00:00:28,479 Speaker 2: some of the biggest losers today. Of course, we have 10 00:00:28,560 --> 00:00:32,000 Speaker 2: the big news about the resignation of the FDA of 11 00:00:32,000 --> 00:00:35,960 Speaker 2: official Peter Marx, who's been very supportive, and all the 12 00:00:36,000 --> 00:00:39,320 Speaker 2: analysts are saying that this is significantly negative for the space, 13 00:00:39,640 --> 00:00:43,200 Speaker 2: calling him one of the biggest FDA advocates of sale 14 00:00:43,200 --> 00:00:46,760 Speaker 2: and gene therapies. We see red all over the world. 15 00:00:46,920 --> 00:00:50,560 Speaker 2: If you look at Moderna, it's down about twelve percent 16 00:00:50,720 --> 00:00:53,240 Speaker 2: ear to date, more than thirty percent, and all those 17 00:00:54,200 --> 00:00:59,440 Speaker 2: vaccine providers, Novavax, BioNTech, if we look at gene therapy, 18 00:00:59,520 --> 00:01:05,280 Speaker 2: those stocks are seeing big losses today. Sarepta is leading 19 00:01:05,280 --> 00:01:09,360 Speaker 2: the losses, down nine percent today and nearly fifty percent 20 00:01:09,840 --> 00:01:13,640 Speaker 2: year today, really big losses. Of course, the resignation comes 21 00:01:14,000 --> 00:01:19,600 Speaker 2: as Mark Sides friction with Robert F. Kennedy, who has 22 00:01:19,680 --> 00:01:21,759 Speaker 2: been a long time back seeing critic, so we're seeing 23 00:01:21,760 --> 00:01:23,960 Speaker 2: a lot of tension. But obviously he was one of 24 00:01:24,040 --> 00:01:26,480 Speaker 2: the big Peter Marx was one of the big advocates. 25 00:01:26,480 --> 00:01:30,959 Speaker 2: So analysts are seeing a lot of pressure downward pressure 26 00:01:30,959 --> 00:01:32,200 Speaker 2: for the industry going forward. 27 00:01:32,600 --> 00:01:35,319 Speaker 1: What about Tesla, It's down five percent leading the losses 28 00:01:35,360 --> 00:01:37,280 Speaker 1: and Magnificent seven what's new. 29 00:01:37,520 --> 00:01:41,520 Speaker 2: Yes, exactly. This is another another stock that's seeming heavily 30 00:01:41,520 --> 00:01:45,280 Speaker 2: impacted by the administration. We saw rolling on the way 31 00:01:45,360 --> 00:01:49,000 Speaker 2: up after the election. Now we're seeing a strong drop. 32 00:01:49,040 --> 00:01:52,080 Speaker 2: Stock is down six percent today and if you believe it, 33 00:01:52,120 --> 00:01:55,240 Speaker 2: the year today loss is forty percent. So obviously we 34 00:01:55,320 --> 00:01:58,760 Speaker 2: have the auto types coming up, and we had that 35 00:01:58,880 --> 00:02:04,240 Speaker 2: discourse that Testway is protected because the vehicles are made 36 00:02:04,280 --> 00:02:06,680 Speaker 2: in America, so it won't be impacted. But now we're 37 00:02:06,680 --> 00:02:09,680 Speaker 2: seeing wet bush analysts Dan I've saying that the company 38 00:02:09,680 --> 00:02:13,320 Speaker 2: could still take a hit because of the outer parts. 39 00:02:13,880 --> 00:02:17,680 Speaker 2: We're seeing Stifo cut their targets to four hundred and 40 00:02:17,680 --> 00:02:20,880 Speaker 2: fifty five from four hundred and seventy four doors. So 41 00:02:20,960 --> 00:02:23,280 Speaker 2: there is a lot of negative sentiment in the industry 42 00:02:23,480 --> 00:02:25,840 Speaker 2: and what we're seeing from consumers. Obviously, we're seeing a 43 00:02:25,880 --> 00:02:28,960 Speaker 2: lot of protests, and sentiment has been souring for quite 44 00:02:28,960 --> 00:02:33,040 Speaker 2: some time. There have been over two hundred test wa 45 00:02:33,160 --> 00:02:37,040 Speaker 2: takedown protests, So that's definitely a weighing on a stock 46 00:02:37,080 --> 00:02:40,160 Speaker 2: which is seeing a really really rough start here to date. 47 00:02:40,280 --> 00:02:41,360 Speaker 1: All Right, what else you got for us? 48 00:02:41,760 --> 00:02:43,600 Speaker 2: Let's check again with kind of the Goose, because that's 49 00:02:43,600 --> 00:02:46,520 Speaker 2: a very interesting one where we see the impact of 50 00:02:46,560 --> 00:02:50,560 Speaker 2: the tarists and risks and retail sentiment at the same time. 51 00:02:50,919 --> 00:02:54,200 Speaker 2: The stock tumbled about as much as nine percent earlier. 52 00:02:54,280 --> 00:02:59,160 Speaker 2: It comes after Barkley's cut the stock to underweight. It comes, 53 00:02:59,160 --> 00:03:02,600 Speaker 2: of course, we're talking about those tariffs. Goldman Sacks as 54 00:03:02,639 --> 00:03:05,320 Speaker 2: she put it, as one of the stocks that will 55 00:03:05,360 --> 00:03:09,399 Speaker 2: be most impacted retails of most impacted by the tariffs. 56 00:03:10,120 --> 00:03:13,480 Speaker 2: And if we look at their how much it's coming 57 00:03:13,480 --> 00:03:18,200 Speaker 2: from Canada, it's about eighty percent of their sourcing. It 58 00:03:18,240 --> 00:03:22,400 Speaker 2: comes after a tough Q three earnings report, so it's 59 00:03:22,520 --> 00:03:26,520 Speaker 2: really a cocktail of fundamentals not doing so well, macro 60 00:03:26,600 --> 00:03:29,720 Speaker 2: picture not looking so well, and if we look at 61 00:03:29,760 --> 00:03:33,040 Speaker 2: the analyst ratings, there is only one by rating for 62 00:03:33,120 --> 00:03:36,720 Speaker 2: the stock, which obviously had quite a few really strong years, 63 00:03:36,760 --> 00:03:40,480 Speaker 2: but today it's down twenty percent. Here today, so rough. 64 00:03:40,360 --> 00:03:45,920 Speaker 1: Start the Stock Movers podcast from Bloomberg Radio. Check back 65 00:03:45,960 --> 00:03:48,920 Speaker 1: with us throughout today for the latest roundup of companies 66 00:03:48,960 --> 00:03:52,000 Speaker 1: making news on Wall Street and for the latest market 67 00:03:52,040 --> 00:03:56,360 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 68 00:03:56,440 --> 00:03:59,680 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 69 00:03:59,720 --> 00:04:06,480 Speaker 1: Theloomberg Business app MHM.