1
00:00:02,520 --> 00:00:07,360
Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

2
00:00:08,560 --> 00:00:12,440
Speaker 2: The Stock Movers Report, your roundup of companies making moves

3
00:00:12,480 --> 00:00:15,880
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,680 --> 00:00:19,200
Speaker 3: Let's take a look at some of the stocks that

5
00:00:19,280 --> 00:00:21,400
Speaker 3: had some significant moves this past week. With us to

6
00:00:21,400 --> 00:00:23,960
Speaker 3: do that is Christina Quino, Managing editor of Market's Live

7
00:00:24,040 --> 00:00:27,120
Speaker 3: here at Bloomberg News. Christine, let's start with Maderna.

8
00:00:27,240 --> 00:00:29,560
Speaker 1: Let's start with Moderna. Of course, we know that we

9
00:00:29,640 --> 00:00:32,320
Speaker 1: got a vaccine guidance from the FDA this week and

10
00:00:32,640 --> 00:00:35,919
Speaker 1: investors were actually viewing that as better than expected. Right.

11
00:00:35,960 --> 00:00:38,559
Speaker 1: We got that article in the New England Journal of

12
00:00:38,600 --> 00:00:42,680
Speaker 1: Medicine from the top officials at the FDA. They're vaccine

13
00:00:43,120 --> 00:00:46,360
Speaker 1: zar if you will, And basically the article said that

14
00:00:46,520 --> 00:00:49,640
Speaker 1: they're not necessarily against COVID vaccinations for adults who are

15
00:00:49,640 --> 00:00:52,479
Speaker 1: over sixty five and for anyone over the age of

16
00:00:52,520 --> 00:00:56,680
Speaker 1: six months who do have comorbidities. And so Bloomberg Intelligence's

17
00:00:56,760 --> 00:01:00,680
Speaker 1: own Sam Fizzelli saying that that guidance might actually increase

18
00:01:01,200 --> 00:01:03,800
Speaker 1: the uptake of shots encourage people with come morbidities to

19
00:01:04,080 --> 00:01:06,479
Speaker 1: go and get it. So, yeah, Maderna up five percent

20
00:01:06,520 --> 00:01:06,960
Speaker 1: this week.

21
00:01:07,120 --> 00:01:09,080
Speaker 3: Yeah, they were kind of tossed around, right, because I

22
00:01:09,080 --> 00:01:12,720
Speaker 3: think there was concerns and then the good like better

23
00:01:12,840 --> 00:01:16,600
Speaker 3: are not as bad news as you said. So interesting

24
00:01:16,600 --> 00:01:18,040
Speaker 3: to see they were one of the top gators in

25
00:01:18,080 --> 00:01:19,480
Speaker 3: the s and P five hundred this week.

26
00:01:19,520 --> 00:01:23,360
Speaker 1: Tim, All right, what about Dollar Tree, Dollar or Dollar General?

27
00:01:23,360 --> 00:01:27,360
Speaker 1: I should say Dollar Yeah, Dollar, Dollar General actually not

28
00:01:27,400 --> 00:01:30,800
Speaker 1: necessarily gaining because of new specific to that company, but

29
00:01:30,840 --> 00:01:34,240
Speaker 1: because on Tuesday, Walmart said that it will raise prices

30
00:01:34,280 --> 00:01:37,559
Speaker 1: in order to combat teriff related headwinds, and so where

31
00:01:37,560 --> 00:01:40,000
Speaker 1: would people go if things get too expensive at Walmart?

32
00:01:40,000 --> 00:01:42,360
Speaker 1: To the dollar stores? Right, So I'm sure Dollar Tree

33
00:01:42,440 --> 00:01:45,720
Speaker 1: also got its own lift from that. But yeah, Dollar

34
00:01:45,760 --> 00:01:47,280
Speaker 1: General one of the best performers in the s and

35
00:01:47,319 --> 00:01:50,920
Speaker 1: P five hundred. This number two is exactly yeah and

36
00:01:51,000 --> 00:01:53,880
Speaker 1: yeah again it is very much a teriff play, right.

37
00:01:53,920 --> 00:01:57,120
Speaker 1: Investors are betting that move by Walmart could push customers

38
00:01:57,160 --> 00:01:59,880
Speaker 1: to seek cheaper alternatives, and a Dollar General is going

39
00:01:59,920 --> 00:02:02,520
Speaker 1: to be one of them. And you know, analystic keemag

40
00:02:02,720 --> 00:02:06,920
Speaker 1: also looking at some early data ahead of its results

41
00:02:07,000 --> 00:02:10,360
Speaker 1: on the third of June and shows that there's strong

42
00:02:10,400 --> 00:02:14,160
Speaker 1: spending from customers of Dollar General in April, so that

43
00:02:14,200 --> 00:02:16,560
Speaker 1: goes really well. Also had Morgan Stanley raising that price

44
00:02:16,600 --> 00:02:18,680
Speaker 1: target to eighty five dollars from eighty previously.

45
00:02:19,639 --> 00:02:21,239
Speaker 3: Wait wait, what did they do?

46
00:02:21,680 --> 00:02:25,480
Speaker 1: They raise their price target to eighty five dollars from

47
00:02:25,760 --> 00:02:27,120
Speaker 1: eighty previously.

48
00:02:26,800 --> 00:02:28,120
Speaker 3: One hundred and one and change.

49
00:02:28,680 --> 00:02:31,320
Speaker 1: Okay, so maybe still at a do it's free year

50
00:02:31,440 --> 00:02:32,040
Speaker 1: out right?

51
00:02:32,240 --> 00:02:32,800
Speaker 2: Yeah?

52
00:02:33,160 --> 00:02:36,079
Speaker 1: So what's they're rating old?

53
00:02:36,320 --> 00:02:37,000
Speaker 3: Is it a bie?

54
00:02:37,120 --> 00:02:40,040
Speaker 2: Is it a sound? Am?

55
00:02:40,120 --> 00:02:41,840
Speaker 3: I'm just saying, if you're expected to go.

56
00:02:41,840 --> 00:02:45,480
Speaker 1: Down, that's not great. But maybe they're expected to go

57
00:02:45,520 --> 00:02:48,320
Speaker 1: down less than other competitors.

58
00:02:48,360 --> 00:02:49,239
Speaker 3: I just like having fun.

59
00:02:49,520 --> 00:02:51,400
Speaker 1: This is a glass half full story, Carol.

60
00:02:51,720 --> 00:02:54,400
Speaker 2: You're not getting You're not getting that dollar tree or

61
00:02:54,440 --> 00:02:55,079
Speaker 2: dollar General.

62
00:02:55,080 --> 00:02:57,520
Speaker 3: Carroll, I am not, but I am at Deckers.

63
00:02:57,800 --> 00:03:03,640
Speaker 2: That's the apparent company of te Hokahs and Uggs, Carrol's favorite.

64
00:03:03,760 --> 00:03:05,880
Speaker 3: I love ugs, not a great.

65
00:03:06,120 --> 00:03:07,600
Speaker 1: Hugs are very comfortable, not great.

66
00:03:08,280 --> 00:03:10,160
Speaker 2: You have ugs, Childregs.

67
00:03:11,320 --> 00:03:13,600
Speaker 1: I'm so far, Cora. I mean I would love a

68
00:03:13,639 --> 00:03:16,320
Speaker 1: pair of ugs, but yeah, I don't happen to owe

69
00:03:16,360 --> 00:03:18,560
Speaker 1: them at the moment. But yes, they did not do well.

70
00:03:19,000 --> 00:03:22,519
Speaker 1: The owner of Ugs and Hooka running shoes down more

71
00:03:22,560 --> 00:03:26,400
Speaker 1: than twenty percent this week, actually, and that comes after

72
00:03:26,520 --> 00:03:29,920
Speaker 1: a disappointing fiscal first quarter forecast, a bunch of firms

73
00:03:29,960 --> 00:03:33,200
Speaker 1: also cutting their price target for the shares. Management decline

74
00:03:33,600 --> 00:03:36,880
Speaker 1: to provide full your guidance because of macro uncertainty related

75
00:03:36,920 --> 00:03:39,920
Speaker 1: to global trade policies, which got even more uncertain because

76
00:03:39,920 --> 00:03:42,240
Speaker 1: of course, we got those headlines early this morning, President

77
00:03:42,280 --> 00:03:45,160
Speaker 1: Donald Trump threatening tariffs on the EU as a whole

78
00:03:45,200 --> 00:03:47,200
Speaker 1: and also Apple specifically as a company.

79
00:03:48,440 --> 00:03:51,840
Speaker 3: Kind of interesting. Yeah, one of the biggest decliners in

80
00:03:51,840 --> 00:03:54,840
Speaker 3: the S and P five hundred this week, So definitely

81
00:03:55,600 --> 00:03:57,520
Speaker 3: a big bite out of that one. What an interesting

82
00:03:57,560 --> 00:03:58,560
Speaker 3: trade this week.

83
00:03:59,160 --> 00:04:03,560
Speaker 1: Yeah, there's been a lot that's happened, you know, definitely

84
00:04:03,560 --> 00:04:06,720
Speaker 1: trade engines back in the limelight, and you know it's

85
00:04:06,960 --> 00:04:10,040
Speaker 1: only gonna get worse because there's a lot of volatility,

86
00:04:10,080 --> 00:04:11,600
Speaker 1: there's a lot of uncertainty there, you know.

87
00:04:11,800 --> 00:04:14,000
Speaker 3: Yeah, it's definite stop play out, Christine, Thank.

88
00:04:13,840 --> 00:04:16,279
Speaker 1: You so much of a great weekend, great holiday weekend.

89
00:04:17,800 --> 00:04:21,840
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

90
00:04:21,920 --> 00:04:24,480
Speaker 2: us throughout the day for the latest roundup of companies

91
00:04:24,560 --> 00:04:27,640
Speaker 2: making news on Wall Street and for the latest market

92
00:04:27,680 --> 00:04:32,160
Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube.

93
00:04:32,240 --> 00:04:35,719
Speaker 2: Bloomberg dot com and on Applecarplay and Android Auto with

94
00:04:35,800 --> 00:04:37,279
Speaker 2: the Bloomberg Business App.