1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:20,239 Speaker 3: Let's talk a little stocks on the move today here 5 00:00:20,280 --> 00:00:22,120 Speaker 3: in our studio. To help us do that, as Boomberg 6 00:00:22,200 --> 00:00:25,880 Speaker 3: Use Equities reporter Natalia Kitty Jevich, you brought with us 7 00:00:25,920 --> 00:00:30,720 Speaker 3: three goodies today. Let's start with Novo. Nordis kind of 8 00:00:30,760 --> 00:00:31,760 Speaker 3: a nice day for them. 9 00:00:32,080 --> 00:00:34,159 Speaker 4: Yes, it is a very nice day for the company. 10 00:00:34,200 --> 00:00:37,839 Speaker 4: The tickets. Nvo shares are up by seven point three percent. 11 00:00:37,840 --> 00:00:40,879 Speaker 4: At one point, shares jumped by ten percent, which was 12 00:00:41,440 --> 00:00:45,040 Speaker 4: the biggest jump since August twenty twenty three. Of course, 13 00:00:45,080 --> 00:00:48,519 Speaker 4: it came after the company said that it won an 14 00:00:48,560 --> 00:00:53,360 Speaker 4: approval to sell a pill version of its drug in 15 00:00:53,400 --> 00:00:57,240 Speaker 4: the US. The company will start selling it here starts 16 00:00:57,280 --> 00:01:02,600 Speaker 4: in from January. And analysts were really excited about this news. 17 00:01:02,600 --> 00:01:07,759 Speaker 4: They say it gives the company a really big, you know, tailwind, 18 00:01:07,920 --> 00:01:12,319 Speaker 4: especially as competition kind of is going to be more 19 00:01:12,400 --> 00:01:13,080 Speaker 4: severe for the. 20 00:01:13,040 --> 00:01:16,560 Speaker 3: More lily knock knock, Right, what happened to Lily stock today? 21 00:01:16,560 --> 00:01:18,560 Speaker 3: I think it was actually down a little bit, right. 22 00:01:18,520 --> 00:01:20,520 Speaker 4: I actually did not check, and it is a very 23 00:01:20,520 --> 00:01:22,639 Speaker 4: good question. We're going to check it right now. It 24 00:01:22,680 --> 00:01:25,640 Speaker 4: was logically that the stock would move down, Yes, it 25 00:01:25,680 --> 00:01:28,480 Speaker 4: was relatively flats zero point five percent. 26 00:01:28,520 --> 00:01:30,680 Speaker 3: I would have expected a larger leg down. 27 00:01:30,520 --> 00:01:33,360 Speaker 1: But okay, because they also have their own approval. It's 28 00:01:33,400 --> 00:01:36,679 Speaker 1: just that Novo is the first matter of two year point. Yes, 29 00:01:36,959 --> 00:01:40,200 Speaker 1: having a head start is definitely key, especially in competitive 30 00:01:40,240 --> 00:01:43,199 Speaker 1: areas like this. What about service Now? This is a 31 00:01:43,240 --> 00:01:46,399 Speaker 1: California based enterprise tech company. 32 00:01:46,640 --> 00:01:49,360 Speaker 4: Yes, so the ticker for this one is now. Shares 33 00:01:49,440 --> 00:01:54,880 Speaker 4: are down slightly by one point five percent today. So 34 00:01:54,920 --> 00:01:57,360 Speaker 4: it came after the company reached the deal to buy 35 00:01:57,400 --> 00:02:01,559 Speaker 4: a cyber security startup called Army. This is the deal 36 00:02:01,560 --> 00:02:05,480 Speaker 4: which is valued at seven point seventy five billion dollars. 37 00:02:05,560 --> 00:02:08,480 Speaker 4: Service Now said in a statement that it expects to 38 00:02:08,760 --> 00:02:13,280 Speaker 4: fund this deal through combination of cash and debt and 39 00:02:13,440 --> 00:02:15,560 Speaker 4: the deal is expected to close in the second half 40 00:02:15,560 --> 00:02:18,280 Speaker 4: of twenty twenty six. So why it is important Armies. 41 00:02:18,320 --> 00:02:22,720 Speaker 4: It's a cybersecurity company. It specializes on different threats across 42 00:02:23,240 --> 00:02:27,760 Speaker 4: different industries from starting from medical, financial services, defense, So 43 00:02:27,840 --> 00:02:32,040 Speaker 4: it is a good acquisition for them, and some concerns 44 00:02:32,200 --> 00:02:36,160 Speaker 4: are around of course, every deal for the company, it 45 00:02:36,200 --> 00:02:38,720 Speaker 4: means some kind of stress in terms of financials. But 46 00:02:38,760 --> 00:02:42,960 Speaker 4: some analysts, including Avercore, are saying that free cash flow 47 00:02:43,040 --> 00:02:45,680 Speaker 4: is so strong. For example, in twenty twenty five, it 48 00:02:45,760 --> 00:02:48,640 Speaker 4: is expected to be at around five billion dollars, so 49 00:02:48,680 --> 00:02:51,440 Speaker 4: it's not going to be a huge stress for the company. 50 00:02:51,800 --> 00:02:54,320 Speaker 3: All right, And I love the stung she brought along 51 00:02:54,400 --> 00:02:57,079 Speaker 3: because there's something for everybody here. This one's a big 52 00:02:57,120 --> 00:03:01,520 Speaker 3: one today, Sable Offshore right in big time. I guess 53 00:03:01,520 --> 00:03:05,240 Speaker 3: there was some movement on regulation for this company. 54 00:03:05,680 --> 00:03:08,360 Speaker 4: Yeah, so oil and gas stocks have been so volatile 55 00:03:08,400 --> 00:03:11,239 Speaker 4: it's really hard to find the clear direction for the 56 00:03:11,280 --> 00:03:14,640 Speaker 4: whole sector. It's a stock by stock, company by company basis. Yes, 57 00:03:14,680 --> 00:03:17,280 Speaker 4: as you said, it is a very big move. The 58 00:03:17,320 --> 00:03:20,880 Speaker 4: stock is up by thirty six percent today and it 59 00:03:20,919 --> 00:03:26,720 Speaker 4: came after the US regulator approved the company's pipeline restart plan. 60 00:03:26,840 --> 00:03:29,359 Speaker 4: So they have a pipeline located in California. It's called 61 00:03:29,440 --> 00:03:33,640 Speaker 4: Las Flores and it leaked about three thousand barrels of 62 00:03:33,680 --> 00:03:38,280 Speaker 4: oil along Santa Barbara coastline about a decade ago. So 63 00:03:38,640 --> 00:03:41,200 Speaker 4: it is an important and big, pretty big move for 64 00:03:41,240 --> 00:03:43,960 Speaker 4: the company. And Alys started saying that it is a 65 00:03:43,960 --> 00:03:48,840 Speaker 4: critical step and Sable will be able to sell oil 66 00:03:48,960 --> 00:03:52,200 Speaker 4: as early as in twenty twenty six, which is a 67 00:03:52,280 --> 00:03:57,000 Speaker 4: year ahead of what had been expected previously. And yes, 68 00:03:57,120 --> 00:04:01,000 Speaker 4: it is a pretty big move. However, on a month basis, 69 00:04:01,080 --> 00:04:03,640 Speaker 4: shares are still down by fifty four percent, so we 70 00:04:03,680 --> 00:04:04,760 Speaker 4: will see how it plays out. 71 00:04:04,760 --> 00:04:07,880 Speaker 3: Oh, they're still down even with today's exactly, Even with 72 00:04:07,960 --> 00:04:10,240 Speaker 3: today's rally of thirty six percent. The stock is down 73 00:04:10,320 --> 00:04:12,000 Speaker 3: fifty four percent year today exactly. 74 00:04:12,040 --> 00:04:16,960 Speaker 4: But keep in mind that energy shares, especially across oil sector, 75 00:04:17,000 --> 00:04:19,840 Speaker 4: have been very volatile because oil prices were under pressure 76 00:04:19,960 --> 00:04:22,039 Speaker 4: the entire year, almost the entirely. 77 00:04:22,120 --> 00:04:24,120 Speaker 1: But this is a big development. I love the chart 78 00:04:24,160 --> 00:04:27,880 Speaker 1: in our Bloomberg story that really detailed the volatility of 79 00:04:28,200 --> 00:04:30,280 Speaker 1: SABLE shares. To your point, they're still down this year 80 00:04:30,320 --> 00:04:32,359 Speaker 1: even with a huge pop, but maybe this could change 81 00:04:32,400 --> 00:04:33,440 Speaker 1: things true. 82 00:04:33,480 --> 00:04:33,880 Speaker 4: Maybe. 83 00:04:33,960 --> 00:04:36,080 Speaker 3: Yeah, that's quite the visual though. I mean for those 84 00:04:36,120 --> 00:04:39,640 Speaker 3: of us, I know people hearing us cannot see this visual, 85 00:04:39,680 --> 00:04:41,360 Speaker 3: but I mean you can just see the wild ride 86 00:04:41,400 --> 00:04:44,360 Speaker 3: it's been for Sable Offshore. But it looks like shareholders 87 00:04:44,360 --> 00:04:46,840 Speaker 3: got a little bit of an early Christmas present there, 88 00:04:47,120 --> 00:04:50,919 Speaker 3: I guess with today's news Yeah, anything else that popped 89 00:04:50,920 --> 00:04:52,880 Speaker 3: out to you. I know you just brought along three. 90 00:04:52,920 --> 00:04:54,040 Speaker 3: I don't mean to put you on the spot and 91 00:04:54,040 --> 00:04:56,400 Speaker 3: to tell you, but anything else pop out to you today. 92 00:04:56,520 --> 00:04:58,919 Speaker 4: In terms of single stock movers, I wouldn't say so 93 00:04:59,080 --> 00:05:02,360 Speaker 4: because it's a pretty quiet week. We are now focusing 94 00:05:02,360 --> 00:05:05,160 Speaker 4: on twenty twenty six. We are looking for different IPOs. 95 00:05:05,200 --> 00:05:07,680 Speaker 4: One story that we are working on is how the 96 00:05:07,680 --> 00:05:10,640 Speaker 4: most recent IPO of a medline, this is the biggest 97 00:05:10,680 --> 00:05:11,520 Speaker 4: IPEO this year. 98 00:05:11,640 --> 00:05:13,120 Speaker 3: Do cover that exciting? 99 00:05:13,279 --> 00:05:18,200 Speaker 4: Really saved the entire IPO performance. Really, when we look 100 00:05:18,200 --> 00:05:22,800 Speaker 4: at a weighted average performance of all companies that went 101 00:05:22,920 --> 00:05:27,200 Speaker 4: public in twenty twenty five, so overall this number was 102 00:05:27,279 --> 00:05:30,240 Speaker 4: below the S and P five hundred. But now with 103 00:05:30,279 --> 00:05:32,760 Speaker 4: this medline and we saw this big performance. The company 104 00:05:32,839 --> 00:05:36,440 Speaker 4: is up by fifty percent since it's IPO in about 105 00:05:36,480 --> 00:05:39,599 Speaker 4: a week. It really saved the entire market. It is 106 00:05:39,600 --> 00:05:40,120 Speaker 4: a big story. 107 00:05:40,160 --> 00:05:43,000 Speaker 1: It's so great stat Yeah, you cover everything from strategy 108 00:05:43,040 --> 00:05:46,200 Speaker 1: to IPOs, to hedge fund positioning and to single thoughts. 109 00:05:46,200 --> 00:05:49,080 Speaker 1: It's really been great to see you publish story after 110 00:05:49,160 --> 00:05:49,880 Speaker 1: story this year. 111 00:05:50,040 --> 00:05:52,040 Speaker 3: Thanks, and it's also going to be great to watch 112 00:05:52,040 --> 00:05:54,839 Speaker 3: the IPO market next year because we've got a lot 113 00:05:54,880 --> 00:05:57,000 Speaker 3: of a really robust pipeline, so it'll be. 114 00:05:57,120 --> 00:05:59,760 Speaker 4: Pay sic right, Like I think that would be the biggest. 115 00:06:00,400 --> 00:06:00,880 Speaker 4: It's gonna be. 116 00:06:00,880 --> 00:06:01,440 Speaker 3: Hard to beat it. 117 00:06:02,920 --> 00:06:07,160 Speaker 2: The Stockmovers Report from Bloomberg Radio. 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