Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Tim Stanebeck along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move. We are joined
Speaker 3: by Natalia Kenny Javich from the Bloomberg News Equities team.
Speaker 1: We're going to start with Levi's though, if we can
Speaker 1: just do that, because it just came out after the
Speaker 1: closing bell. Stock is up about five and a half
Speaker 1: percent here in the aftermarket. This happening after the company
Speaker 1: raises projections for the current year after reporting stronger than
Speaker 1: expected quarterly results. They cited strong demand in all regions.
Speaker 1: The company's chief financial and chief financial and Growth officer,
Speaker 1: Harmit Singh, though, is stepping down, marking a major change.
Speaker 4: Major change.
Speaker 1: Excuse me for Levi. He's been there for a while.
Speaker 1: We've talked to me.
Speaker 3: Yeah, he's been there. He's been at the company since
Speaker 3: twenty thirteen. So he took it public because it only
Speaker 3: has been public for a few years. We love talking
Speaker 3: to him, and what was most fun I think about
Speaker 3: talking to her? Meat Singh is that. You know a
Speaker 3: lot of CFOs they wear a suit and tie, but
Speaker 3: if you work at Levi's, you will full denim. Yeah,
Speaker 3: full denim jacket, denim shirt.
Speaker 1: Head to toe and jeans.
Speaker 4: Yeah.
Speaker 3: And that was hermeat singh.
Speaker 1: And we do that too, but it's usually on the
Speaker 1: bottom and you can't see.
Speaker 4: All right, we do.
Speaker 1: We are going to be speaking though to Levi's CEO tomorrow,
Speaker 1: so looking forward to that conversation.
Speaker 3: Shell Gas is coming on.
Speaker 1: Yeah, that'll be fun to do. In the meantime, Natalia,
Speaker 1: I know you've got a bunch of names that you've
Speaker 1: been watching in the Tuesday trade.
Speaker 4: Yes, so let's start with Kimberly Clark. Guys. The ticket
Speaker 4: is key MB. The stock is down by four percent.
Speaker 4: So there was a fire at the company's distribution center
Speaker 4: in Ontario, California. So it has stock piles of paper
Speaker 4: products that would potentially lead to disruptions in the market
Speaker 4: that serves about fifty million customers. So the company said
Speaker 4: in a statement to Bloomberg that there were no reported
Speaker 4: in risk analysts are of course trying to estimate the potential,
Speaker 4: you know, impact on earnings. They are saying that risk
Speaker 4: west cost supply, the fire risk risks, supply shortages for
Speaker 4: more than three percent of sales. Business could see some
Speaker 4: transportation costs increases. And then also they say that basically
Speaker 4: it's a little bit too early still to estimate the
Speaker 4: full impact on earnings, but they're keeping an eye on that.
Speaker 1: Well, for anybody who's seeing pictures, it is just a
Speaker 1: massive fire. So yeah, well have to obviously they've got
Speaker 1: to figure out certainly the implications. Let's go on over
Speaker 1: to Broadcom. This was certainly one that was on my radar.
Speaker 4: Av g O is the ticker correct? So the stock
Speaker 4: finished the day up by six point two percent. We
Speaker 4: know that the chip maker announced the long term agreement
Speaker 4: with Google to develop supply tensor process and units, and
Speaker 4: also both companies confirmed that they have plans to work
Speaker 4: with Anthropic to power its operations. Bloomberg Intelligence is saying
Speaker 4: that ex expanded agreements with Google and Anthropic is a
Speaker 4: rare multi year visibility, but the main portion of this
Speaker 4: twenty twenty seven ramp up may already be reflected in consensus.
Speaker 2: So there you can.
Speaker 3: Okay, let's final let's get to United Health.
Speaker 4: Yeah, United Health, So the ticker is you and H
Speaker 4: the stock is up by ten percent. So we saw
Speaker 4: that center of a Medicare and Medicaid services finalized. There's
Speaker 4: two point forty eight percent reed hike for health insurance
Speaker 4: in twenty twenty seven. Remember in January they said that
Speaker 4: they were going to keep it flat. United Health dropped
Speaker 4: by almost seventeen percent following that announcement. Now the stock
Speaker 4: is up by almost ten percent today and Engrance has
Speaker 4: said that the payment change is expected to increase additional
Speaker 4: payments by about thirteen billion dollars. So it's a big
Speaker 4: upside for those companies.
Speaker 1: Yeah, Human United Health, CBS, they were all hire in
Speaker 1: today's session.
Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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