WEBVTT - Broadcom Soars, Levi's Gains, Kimberly-Clark Slides on Distribution Center Fire

0:00:02.520 --> 0:00:07.360
<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

0:00:08.520 --> 0:00:12.440
<v Speaker 2>The Stock Mover's Report, your roundup of companies making moves

0:00:12.440 --> 0:00:15.840
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.600 --> 0:00:20.119
<v Speaker 3>I'm Tim Stanebeck along with Carol Masser. Let's take a

0:00:20.160 --> 0:00:22.319
<v Speaker 3>look at some stocks on the move. We are joined

0:00:22.320 --> 0:00:25.800
<v Speaker 3>by Natalia Kenny Javich from the Bloomberg News Equities team.

0:00:25.920 --> 0:00:27.720
<v Speaker 1>We're going to start with Levi's though, if we can

0:00:27.760 --> 0:00:29.440
<v Speaker 1>just do that, because it just came out after the

0:00:29.440 --> 0:00:31.720
<v Speaker 1>closing bell. Stock is up about five and a half

0:00:31.720 --> 0:00:36.199
<v Speaker 1>percent here in the aftermarket. This happening after the company

0:00:36.320 --> 0:00:39.159
<v Speaker 1>raises projections for the current year after reporting stronger than

0:00:39.159 --> 0:00:42.480
<v Speaker 1>expected quarterly results. They cited strong demand in all regions.

0:00:43.000 --> 0:00:47.360
<v Speaker 1>The company's chief financial and chief financial and Growth officer,

0:00:47.520 --> 0:00:51.639
<v Speaker 1>Harmit Singh, though, is stepping down, marking a major change.

0:00:52.360 --> 0:00:52.960
<v Speaker 4>Major change.

0:00:52.960 --> 0:00:54.760
<v Speaker 1>Excuse me for Levi. He's been there for a while.

0:00:54.760 --> 0:00:55.280
<v Speaker 1>We've talked to me.

0:00:55.400 --> 0:00:58.120
<v Speaker 3>Yeah, he's been there. He's been at the company since

0:00:58.160 --> 0:01:01.400
<v Speaker 3>twenty thirteen. So he took it public because it only

0:01:01.480 --> 0:01:04.120
<v Speaker 3>has been public for a few years. We love talking

0:01:04.120 --> 0:01:05.600
<v Speaker 3>to him, and what was most fun I think about

0:01:05.600 --> 0:01:07.840
<v Speaker 3>talking to her? Meat Singh is that. You know a

0:01:07.840 --> 0:01:09.560
<v Speaker 3>lot of CFOs they wear a suit and tie, but

0:01:09.560 --> 0:01:12.559
<v Speaker 3>if you work at Levi's, you will full denim. Yeah,

0:01:12.600 --> 0:01:14.720
<v Speaker 3>full denim jacket, denim shirt.

0:01:14.480 --> 0:01:16.160
<v Speaker 1>Head to toe and jeans.

0:01:16.400 --> 0:01:16.640
<v Speaker 4>Yeah.

0:01:16.640 --> 0:01:17.679
<v Speaker 3>And that was hermeat singh.

0:01:17.680 --> 0:01:19.280
<v Speaker 1>And we do that too, but it's usually on the

0:01:19.319 --> 0:01:21.120
<v Speaker 1>bottom and you can't see.

0:01:21.560 --> 0:01:22.160
<v Speaker 4>All right, we do.

0:01:22.440 --> 0:01:25.360
<v Speaker 1>We are going to be speaking though to Levi's CEO tomorrow,

0:01:25.400 --> 0:01:26.960
<v Speaker 1>so looking forward to that conversation.

0:01:27.000 --> 0:01:27.920
<v Speaker 3>Shell Gas is coming on.

0:01:28.120 --> 0:01:31.320
<v Speaker 1>Yeah, that'll be fun to do. In the meantime, Natalia,

0:01:31.440 --> 0:01:32.920
<v Speaker 1>I know you've got a bunch of names that you've

0:01:33.120 --> 0:01:34.680
<v Speaker 1>been watching in the Tuesday trade.

0:01:34.959 --> 0:01:38.360
<v Speaker 4>Yes, so let's start with Kimberly Clark. Guys. The ticket

0:01:38.520 --> 0:01:41.840
<v Speaker 4>is key MB. The stock is down by four percent.

0:01:41.920 --> 0:01:45.319
<v Speaker 4>So there was a fire at the company's distribution center

0:01:45.440 --> 0:01:49.360
<v Speaker 4>in Ontario, California. So it has stock piles of paper

0:01:49.400 --> 0:01:52.520
<v Speaker 4>products that would potentially lead to disruptions in the market

0:01:52.880 --> 0:01:57.200
<v Speaker 4>that serves about fifty million customers. So the company said

0:01:57.240 --> 0:01:59.680
<v Speaker 4>in a statement to Bloomberg that there were no reported

0:01:59.760 --> 0:02:03.480
<v Speaker 4>in risk analysts are of course trying to estimate the potential,

0:02:03.560 --> 0:02:06.440
<v Speaker 4>you know, impact on earnings. They are saying that risk

0:02:06.520 --> 0:02:12.080
<v Speaker 4>west cost supply, the fire risk risks, supply shortages for

0:02:12.240 --> 0:02:16.639
<v Speaker 4>more than three percent of sales. Business could see some

0:02:16.680 --> 0:02:22.960
<v Speaker 4>transportation costs increases. And then also they say that basically

0:02:23.000 --> 0:02:25.240
<v Speaker 4>it's a little bit too early still to estimate the

0:02:25.240 --> 0:02:27.760
<v Speaker 4>full impact on earnings, but they're keeping an eye on that.

0:02:28.080 --> 0:02:31.000
<v Speaker 1>Well, for anybody who's seeing pictures, it is just a

0:02:31.240 --> 0:02:35.200
<v Speaker 1>massive fire. So yeah, well have to obviously they've got

0:02:35.240 --> 0:02:38.000
<v Speaker 1>to figure out certainly the implications. Let's go on over

0:02:38.080 --> 0:02:41.400
<v Speaker 1>to Broadcom. This was certainly one that was on my radar.

0:02:41.480 --> 0:02:44.120
<v Speaker 4>Av g O is the ticker correct? So the stock

0:02:44.400 --> 0:02:48.760
<v Speaker 4>finished the day up by six point two percent. We

0:02:48.880 --> 0:02:51.560
<v Speaker 4>know that the chip maker announced the long term agreement

0:02:51.639 --> 0:02:55.600
<v Speaker 4>with Google to develop supply tensor process and units, and

0:02:55.600 --> 0:02:58.919
<v Speaker 4>also both companies confirmed that they have plans to work

0:02:58.960 --> 0:03:03.480
<v Speaker 4>with Anthropic to power its operations. Bloomberg Intelligence is saying

0:03:03.520 --> 0:03:07.760
<v Speaker 4>that ex expanded agreements with Google and Anthropic is a

0:03:08.000 --> 0:03:11.600
<v Speaker 4>rare multi year visibility, but the main portion of this

0:03:11.720 --> 0:03:16.000
<v Speaker 4>twenty twenty seven ramp up may already be reflected in consensus.

0:03:16.800 --> 0:03:17.320
<v Speaker 2>So there you can.

0:03:17.560 --> 0:03:19.600
<v Speaker 3>Okay, let's final let's get to United Health.

0:03:19.880 --> 0:03:23.760
<v Speaker 4>Yeah, United Health, So the ticker is you and H

0:03:24.200 --> 0:03:26.399
<v Speaker 4>the stock is up by ten percent. So we saw

0:03:26.440 --> 0:03:30.320
<v Speaker 4>that center of a Medicare and Medicaid services finalized. There's

0:03:30.440 --> 0:03:34.680
<v Speaker 4>two point forty eight percent reed hike for health insurance

0:03:34.680 --> 0:03:38.000
<v Speaker 4>in twenty twenty seven. Remember in January they said that

0:03:38.040 --> 0:03:41.760
<v Speaker 4>they were going to keep it flat. United Health dropped

0:03:41.760 --> 0:03:44.960
<v Speaker 4>by almost seventeen percent following that announcement. Now the stock

0:03:45.040 --> 0:03:49.000
<v Speaker 4>is up by almost ten percent today and Engrance has

0:03:49.000 --> 0:03:54.560
<v Speaker 4>said that the payment change is expected to increase additional

0:03:54.560 --> 0:03:57.480
<v Speaker 4>payments by about thirteen billion dollars. So it's a big

0:03:57.560 --> 0:03:58.920
<v Speaker 4>upside for those companies.

0:03:59.000 --> 0:04:01.920
<v Speaker 1>Yeah, Human United Health, CBS, they were all hire in

0:04:01.960 --> 0:04:02.800
<v Speaker 1>today's session.

0:04:04.760 --> 0:04:09.000
<v Speaker 2>The Stockmovers report from Bloomberg Radio. Check back with us

0:04:09.040 --> 0:04:11.840
<v Speaker 2>throughout the day for the latest roundup of companies making

0:04:11.920 --> 0:04:15.520
<v Speaker 2>news on Wall Street and for the latest market moving headlines.

0:04:15.720 --> 0:04:19.760
<v Speaker 2>Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

0:04:19.800 --> 0:04:22.880
<v Speaker 2>dot com, and on Applecarplay and Android Auto with the

0:04:22.880 --> 0:04:24.279
<v Speaker 2>Bloomberg Business app.