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: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Matteo.
Speaker 1: The Stock Movers is where we eat in crustables. While
Speaker 1: Lisa Matteo gives us a brief, I JM. Smucker Ready,
Speaker 1: follow up? Krispy Kreme.
Speaker 2: Yeah, it's the food moll but Withteo tell you let's
Speaker 2: go there.
Speaker 3: Let's start with JM. Smucker. Okay, so take your SJM.
Speaker 3: Their shares have been down as much as eight percent.
Speaker 3: First Quarternet sales, they were weighed down by a few things,
Speaker 3: falling sales up for one, coffee they own the Folders Cafe,
Speaker 3: Bostello coffee brands one of my faves. Also, dog snacks,
Speaker 3: sweet bag Goods, fruit spreads. Those all didn't do well
Speaker 3: for the company. So if you look at the coffee side,
Speaker 3: they've really been battling this impact of higher coffee costs
Speaker 3: because of President Trump's trade policy. Earlier this month, you
Speaker 3: had that higher fifty percent tarif on Brazil that went
Speaker 3: into effect. On the sweet side, you have the company's sales, well,
Speaker 3: they've been weighed down from its acquisition of Hostess back
Speaker 3: in twenty twenty three, and that's the tweakies. So that's
Speaker 3: that's there, big tweakie.
Speaker 1: And basically that was one of my four food groups. No, yeah,
Speaker 1: I can't remember what age?
Speaker 2: What is it?
Speaker 1: And then before the Hostess, remember the Hostess fruit pie,
Speaker 1: which is the pre uncustable yep, and crustables are one
Speaker 1: tenth of their sales roughly. Okay, what's next?
Speaker 3: All right, so you know we'll stick with the sweets.
Speaker 3: We'll go to Crispy clean. I love this ticker, d
Speaker 3: N you do, Okay, this is an upgrade down grade. Okay,
Speaker 3: so there's shares have dropped as much as seven percent.
Speaker 3: JP Morgan downgrade to the stock to underweight from neutral.
Speaker 3: So that's the reason why Krispy Kreme shares are scientific survey.
Speaker 1: Let's go to the control room right now, Ken, our
Speaker 1: global technical director, Dunkin Donuts are speak cream.
Speaker 3: Oh, Chris cre I loved, Yeah, the strawberry glaze with the.
Speaker 1: Grass plaque at the Dunkin Donuts at twenty four Route
Speaker 1: twenty four and four ninety five in Boston.
Speaker 3: Sure, I've lived there.
Speaker 1: The Little Munchkin balls things better than Krispy Kreme. So
Speaker 1: krispy Kreme is.
Speaker 3: Down, Yes, their shares are down as much as eight percent.
Speaker 3: They're starting to get a little bit better now, but yes,
Speaker 3: they've been down. Food stuff, it's definitely not What about
Speaker 3: Cole's This was a big one, their shares rising more
Speaker 3: than twenty percent. Okay, so it is because they had
Speaker 3: a little bit more optimistic view right for their full
Speaker 3: year sales. Second quarter sales better than in Wall Street expected,
Speaker 3: so they had these turnaround efforts. It looks like it's
Speaker 3: starting to gain traction. Some of the things they're doing
Speaker 3: to attract more customers. They start to focus on their
Speaker 3: fine jewelry, improving it's women's wear selection. They also started
Speaker 3: collaborating with places like Sephora Babies are Us, so that
Speaker 3: kind of helped them out.
Speaker 1: Were they a meme stock like three.
Speaker 3: Companies ago? Yes, I mean the stock's double since April.
Speaker 1: Yeah, I mean back up to thirteen bucks.
Speaker 3: Wow, it has it had? I mean they're looking for
Speaker 3: a new CEO, right, so that the company is going
Speaker 3: through a few changes, but they want to reverse They
Speaker 3: have fourteen straight quarters of declining revenue, so they've been
Speaker 3: having some tough time from some tough companies.
Speaker 1: You worn out, I means, is this one.
Speaker 3: I know you're gonna love software company Mango dB Oh boy, yeah,
Speaker 3: sorry as much as thirty percent. That's why I brought
Speaker 3: it in because it is a stock on the move. Okay.
Speaker 3: Second quarter results much stronger raise, it's fullier forecast. So
Speaker 3: the reason why this is big Okay, Tom is because
Speaker 3: they basically reassured Wall Street that the company is going
Speaker 3: to gain this market share in the AI space. AI space,
Speaker 3: you know, is huge. We've been talking about it a lot.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies,
Speaker 2: may key news on Wall Street and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android
Speaker 2: Auto with the Bloomberg Business app.