Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Statovic along with Norma Linda. Let's take a
Speaker 1: look at some stocks on the move today with us
Speaker 1: is Bloomberg News cross ass at reporter Emily Graffeo. It's Monday, Emily,
Speaker 1: but you're thinking about the weekend drinks in the weekend.
Speaker 1: I don't know what's going on here.
Speaker 3: I mean, I guess you.
Speaker 1: Know it's it's not too early for a drink.
Speaker 3: Yeah, Yeah, people can have beer and wine during the
Speaker 3: week Okay, maybe not gen Z as much. Yeah, because
Speaker 3: gen Z is very focused on wellness, and maybe that's
Speaker 3: what's reflected in Constellation Brands stock the tickers st Z.
Speaker 3: It's down about four percent today. The Again, maybe it
Speaker 3: could be related to that declining demand from gen Z.
Speaker 3: But we also got news on the Trump tariffs. So
Speaker 3: President Trump declared a thirty percent terif frate for Mexico
Speaker 3: and the EU. There wasn't anything specific about alcohol, but
Speaker 3: these are key markets for drinks makers. So not only
Speaker 3: Constellation Brands is down, but We're also seeing Brown Foreman
Speaker 3: Boston Beer, Mulsim cores down, Constellation makes Modello and Corona,
Speaker 3: and City noted that one hundred percent of their beer
Speaker 3: profile is brewed in Mexico. Of course, it's all hinges on.
Speaker 3: Is that the teriff rate that will actually stick?
Speaker 4: Yeah, And I'm looking at shares year to date down
Speaker 4: twenty five percent for this company. So it seems as
Speaker 4: though people are a little bit here on the stock here, right.
Speaker 3: And you hear a lot about like drinks makers and
Speaker 3: beverage companies trying to pivot away from alcohol, and I
Speaker 3: feel like every other day someone is introducing a non
Speaker 3: alcoholic option. I think it's a general cultural shift away
Speaker 3: from drinking a lot that's weighing on these companies as well.
Speaker 4: Yeah, low hallary options, like people like an alternative these days.
Speaker 1: Hey, speaking of a cultural shift, it seems to be
Speaker 1: that we're seeing a cultural shift when it comes to
Speaker 1: Wall Street and it comes to crypto with Bitcoin reaching
Speaker 1: a new all time Hi, I know you're watching a
Speaker 1: crypto company.
Speaker 3: Yeah, this is a big milestone, Bitcoin topping one hundred
Speaker 3: and twenty k. I felt like just a year ago
Speaker 3: we were talking about how it was at like sixty k.
Speaker 3: But I'm looking at coinbased specifically because this is kind
Speaker 3: of a company that embodies that idea of digital asset
Speaker 3: DeFi becoming more mainstream. Coinbase, of course, is a crypto exchange.
Speaker 3: They're in the US, They joined the S and P
Speaker 3: five hundred a couple months ago, and so that stock
Speaker 3: is higher today. We tend to see whenever there's like
Speaker 3: Bitcoin reaching a new high, Coinbase does well. And then
Speaker 3: also just watching the space for this week because the
Speaker 3: White House is calling this Crypto Week. There's going to
Speaker 3: be some bills that Congress is voting on this week
Speaker 3: that would clarify the structure of the crypto sector and
Speaker 3: regulations around it. So all around, it's like a very
Speaker 3: bullish day for crypto and Coinbase, the ticker there is
Speaker 3: coin all fitting. You're also looking at rocket Lab, right Yes,
Speaker 3: so rocket Lab ticker rk LB is at a record
Speaker 3: high right now, it's up about seven percent. City raised
Speaker 3: their price target on this stock. They said that the
Speaker 3: price target comes as they shift their valuation methodology to
Speaker 3: the company's revenue potential, which if that sounds a bit boring,
Speaker 3: there's also some actually space related news in here. This
Speaker 3: is a rocket satellite company. They said they expect revenue
Speaker 3: to grow roughly two point six billion, driven by twenty
Speaker 3: neutron launches per year. Further satellite construction wins, particularly for
Speaker 3: US government programs. So I don't know. I always think
Speaker 3: space is interesting and certainly investors like to bet on it.
Speaker 2: This is interesting.
Speaker 1: It's a twenty one twenty two billion dollar market cap
Speaker 1: as of now. It's tiny compared to in terms of launches,
Speaker 1: in terms of capabilities versus SpaceX, but Emily, it's always
Speaker 1: interesting to see what this company does. Yeah, in the
Speaker 1: wake of any tension that we see between President Trump
Speaker 1: and Elon Musk, and we've seen it move quite a
Speaker 1: bit over the last six weeks or so as the
Speaker 1: President is threatened to pull SpaceX contracts. To what extent
Speaker 1: rocket Lab could actually fulfill what SpaceX does that it
Speaker 1: can't do that at this point. There aren't that many competitors.
Speaker 1: They aren't really you know, that can actually do that.
Speaker 2: But it's up six.
Speaker 4: It's insane, it's insane looking at all these aerospace are
Speaker 4: these space docks here, I'm looking at an ETF. It's
Speaker 4: ticker UFO Procure Space ETF of about thirty percent this year.
Speaker 4: But if you really dig into some of the names,
Speaker 4: there lots of activity to watch.
Speaker 3: Imagine if SpaceX was a public company, how much imagine
Speaker 3: higher that that ETF would be. There are certainly some
Speaker 3: ETFs that holds you know, A but it's obviously private.
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