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 --> 00:00:16,200 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,280 --> 00:00:18,360 Speaker 2: All right, let's take a look at some stocks on 5 00:00:18,400 --> 00:00:21,439 Speaker 2: the move today, Scarlett Food and Alexis Christophers. Here we 6 00:00:21,520 --> 00:00:23,880 Speaker 2: are joined now by our very own Christina Quino. 7 00:00:24,000 --> 00:00:26,400 Speaker 1: Christine, what are you looking at all right, Scarlett? Well, 8 00:00:26,400 --> 00:00:28,319 Speaker 1: we got to take a look, of course, at what 9 00:00:28,720 --> 00:00:31,080 Speaker 1: is being moved by oil, and that is a lot. 10 00:00:31,160 --> 00:00:34,200 Speaker 1: Let's start with Chevron tick her CVX. 11 00:00:34,200 --> 00:00:35,200 Speaker 3: So that stock. 12 00:00:35,000 --> 00:00:38,200 Speaker 1: Actually only up about one to one percent at the moment, 13 00:00:38,280 --> 00:00:40,559 Speaker 1: but it is on a three day winning streak that 14 00:00:40,760 --> 00:00:43,800 Speaker 1: is the longest since the end of January. Also, to 15 00:00:43,800 --> 00:00:46,120 Speaker 1: put into context, it shares hit a record high on 16 00:00:46,200 --> 00:00:49,159 Speaker 1: Friday above one hundred and ninety two dollars per share. 17 00:00:49,200 --> 00:00:52,600 Speaker 1: It's currently training below that at one ninety. But given 18 00:00:52,880 --> 00:00:56,000 Speaker 1: that all the discussion about oil and how much of 19 00:00:56,040 --> 00:00:59,560 Speaker 1: a premium it has priced, but the fact that it's 20 00:00:59,560 --> 00:01:02,360 Speaker 1: still remains below some of the key thresholds that we 21 00:01:02,400 --> 00:01:04,640 Speaker 1: saw years prior, there's a lot of room for the 22 00:01:04,640 --> 00:01:07,400 Speaker 1: market to price at. And then the clear beneficiaries of 23 00:01:07,440 --> 00:01:11,199 Speaker 1: that at least in the immediate aftermath. Is of course 24 00:01:11,240 --> 00:01:13,360 Speaker 1: all these energy shares, Chevron being one of. 25 00:01:13,280 --> 00:01:15,800 Speaker 3: Them, and Chefron. I'm looking at the thirty Dow stocks 26 00:01:15,880 --> 00:01:18,200 Speaker 3: right now, only two or higher at the moment, P 27 00:01:18,280 --> 00:01:22,039 Speaker 3: and G and Ding ding Ding Chevron. There you go? Yeah, 28 00:01:22,200 --> 00:01:23,240 Speaker 3: all right, what else have we got? 29 00:01:23,240 --> 00:01:23,399 Speaker 1: Oh? 30 00:01:23,560 --> 00:01:26,560 Speaker 3: Talking about the other ways that oil can impact as industry, 31 00:01:27,000 --> 00:01:28,720 Speaker 3: Let's talk airlines, shall we? 32 00:01:28,959 --> 00:01:33,880 Speaker 1: Let's talk airlines and specifically about Delta, so ticker DL 33 00:01:34,160 --> 00:01:38,080 Speaker 1: the losses accelerating from the opening drop. They are now 34 00:01:38,120 --> 00:01:40,440 Speaker 1: down more than five percent. This is a four day 35 00:01:40,800 --> 00:01:44,080 Speaker 1: losing streak for this share. And again, you know, we 36 00:01:44,160 --> 00:01:47,000 Speaker 1: have a lot of analysts warning about the impact on 37 00:01:47,040 --> 00:01:51,280 Speaker 1: the airline industry, in particular Deutsche Bank warning on Friday 38 00:01:51,320 --> 00:01:55,520 Speaker 1: that there is an existential threat for carriers because of 39 00:01:55,560 --> 00:01:57,840 Speaker 1: the jump in oil. So taking a look as well 40 00:01:57,840 --> 00:02:01,080 Speaker 1: at the S and P Supercomposite Airlines industry index that 41 00:02:01,080 --> 00:02:04,560 Speaker 1: does sound more than three percent, also down more than 42 00:02:04,600 --> 00:02:07,840 Speaker 1: twenty percent from a late February high, so technically that 43 00:02:08,080 --> 00:02:10,960 Speaker 1: is in a bear market at the moment. But specifically 44 00:02:10,960 --> 00:02:13,840 Speaker 1: to Delta, we also got a downgrade for the stock 45 00:02:13,880 --> 00:02:17,120 Speaker 1: by td cowan analyst Thomas Fitzgerald cutting the target for 46 00:02:17,240 --> 00:02:21,040 Speaker 1: Delta to seventy one dollars from eighty two previously, though 47 00:02:21,080 --> 00:02:23,480 Speaker 1: they are maintaining a by rate. It's funny though, because 48 00:02:23,480 --> 00:02:26,520 Speaker 1: that cut seven to seventy one is still about a 49 00:02:26,520 --> 00:02:29,960 Speaker 1: twenty percent increase from its a closing price on Friday, 50 00:02:30,080 --> 00:02:33,320 Speaker 1: So again a lot of room to prices in absolutely all. Right, 51 00:02:33,360 --> 00:02:35,960 Speaker 1: let's move to a stock that's actually on the rise today, yes, 52 00:02:36,000 --> 00:02:38,720 Speaker 1: sing Let's talk about Hymns and her so it took 53 00:02:38,720 --> 00:02:42,000 Speaker 1: her Hims. It's a rare bit of good news in 54 00:02:42,120 --> 00:02:45,000 Speaker 1: the markets at the moment. Company specific though, so Hymns 55 00:02:45,040 --> 00:02:50,040 Speaker 1: of course, has been admired in this lawsuit that Novah's 56 00:02:50,040 --> 00:02:53,560 Speaker 1: brought against the company. It ended that it dropped the 57 00:02:53,600 --> 00:02:57,240 Speaker 1: lawsuit that it filed last month, and Nova now saying 58 00:02:57,280 --> 00:02:59,440 Speaker 1: that it will work with Hymns to sell their OBC 59 00:02:59,639 --> 00:03:02,400 Speaker 1: drugs on the hymns platform, so on ZEMPE, we gov, 60 00:03:02,600 --> 00:03:05,440 Speaker 1: including the we gov pills which are very popular at 61 00:03:05,480 --> 00:03:07,440 Speaker 1: the moment, all of that will be available on the 62 00:03:07,520 --> 00:03:10,799 Speaker 1: hymns platform. And in return, hym said that it will 63 00:03:10,840 --> 00:03:14,640 Speaker 1: no longer advertise it copies of the Novo medicines because 64 00:03:14,639 --> 00:03:17,560 Speaker 1: that was a key stipulation in the lawsuit. 65 00:03:17,120 --> 00:03:23,880 Speaker 3: That once foes now friends, how quickly things at least. 66 00:03:23,760 --> 00:03:26,919 Speaker 1: They recognize the synergy right the j There you go 67 00:03:27,040 --> 00:03:27,639 Speaker 1: it synergy. 68 00:03:28,840 --> 00:03:32,880 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 69 00:03:32,960 --> 00:03:35,520 Speaker 2: us throughout the day for the latest roundup of companies 70 00:03:35,600 --> 00:03:38,680 Speaker 2: making news on Wall Street and for the latest market 71 00:03:38,720 --> 00:03:43,160 Speaker 2: moving headlines. 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