1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,840 --> 00:00:14,120 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:17,880 Speaker 1: harnessing the power of Bloomberg data. Let's take a look 4 00:00:17,880 --> 00:00:20,079 Speaker 1: at some stocks on the move today. I'm Nathan Hager 5 00:00:20,160 --> 00:00:23,040 Speaker 1: and we're joined by Bloomberg's Kritty Goopta. A lot of 6 00:00:23,079 --> 00:00:27,000 Speaker 1: stocks moving this morning on earnings, A very busy day 7 00:00:27,040 --> 00:00:28,720 Speaker 1: on that front. Where do you want to start, Critty? 8 00:00:28,760 --> 00:00:31,800 Speaker 2: Good morning, Good morning, Nathan. Let's start with that earning 9 00:00:31,840 --> 00:00:34,280 Speaker 2: story in the healthcare space. United Health is one of 10 00:00:34,320 --> 00:00:37,720 Speaker 2: your biggest movers this morning. U NH is your ticker 11 00:00:38,120 --> 00:00:40,879 Speaker 2: down about just try five percent this morning, trading at 12 00:00:40,880 --> 00:00:44,040 Speaker 2: two hundred and sixty eight dollars and change their stock 13 00:00:44,120 --> 00:00:47,920 Speaker 2: following They have a downba outlook. They've reinstated that downbeak outlook. 14 00:00:47,920 --> 00:00:51,120 Speaker 2: They're saying lower guidance across the board and their profit 15 00:00:51,240 --> 00:00:54,480 Speaker 2: missed estimates. This is not a pretty picture for bulls 16 00:00:54,480 --> 00:00:56,480 Speaker 2: on that United Health stock, so really keep an eye 17 00:00:56,520 --> 00:00:58,720 Speaker 2: on it this morning. You NH is your ticker down 18 00:00:58,760 --> 00:01:01,600 Speaker 2: by four point seven percent and component in terms of 19 00:01:01,680 --> 00:01:03,680 Speaker 2: waitings for some of the major indexes, So really keep 20 00:01:03,680 --> 00:01:05,399 Speaker 2: an eye on this one and the read through to 21 00:01:05,480 --> 00:01:09,360 Speaker 2: some of the other healthcare stocks across the board as well, 22 00:01:09,360 --> 00:01:12,880 Speaker 2: But the earnings coverage continues, Nathan. UPS is another one, 23 00:01:12,920 --> 00:01:16,839 Speaker 2: another major kind of weight to the downside, trading lower 24 00:01:16,840 --> 00:01:19,680 Speaker 2: by about four percent, just shy of ninety eight dollars 25 00:01:19,680 --> 00:01:23,880 Speaker 2: a share. Now, UPS did the kind of the go 26 00:01:23,920 --> 00:01:27,080 Speaker 2: to in terms of volatility, where a lot of companies 27 00:01:27,120 --> 00:01:30,160 Speaker 2: are coming out this morning and saying that they actually 28 00:01:30,160 --> 00:01:32,400 Speaker 2: have clarity on the trade situation, they have a better 29 00:01:32,440 --> 00:01:34,920 Speaker 2: understanding of how to navigate a UPS is doing the opposite. 30 00:01:34,959 --> 00:01:39,280 Speaker 2: They're withholding their guidance yet again for another quarter, and 31 00:01:39,360 --> 00:01:43,160 Speaker 2: they're saying that the current macroeconomic uncertainty means that they 32 00:01:43,240 --> 00:01:45,800 Speaker 2: just don't have visibility. They're still expecting about three and 33 00:01:45,840 --> 00:01:49,720 Speaker 2: a half billion dollars in expense reductions from their turnaround plan, 34 00:01:49,800 --> 00:01:52,480 Speaker 2: but it's really not enough to impress investors. They're already 35 00:01:52,480 --> 00:01:54,800 Speaker 2: looking at a second quarter of just at EPs that 36 00:01:54,880 --> 00:01:58,560 Speaker 2: missed the street's estimate. So not good there as well, Nathan, 37 00:01:59,080 --> 00:02:01,320 Speaker 2: when it comes to UPS. But on the trade front, 38 00:02:01,320 --> 00:02:03,760 Speaker 2: in fact, a fun fact, when we're talking about Brazil, 39 00:02:04,200 --> 00:02:07,800 Speaker 2: I discovered that Whirlpool has a massive exposure to Brazil, 40 00:02:07,880 --> 00:02:11,080 Speaker 2: other manufacturing care capacities go out there. That is not 41 00:02:11,120 --> 00:02:12,880 Speaker 2: what's driving the stock lower this morning. But a fun 42 00:02:12,919 --> 00:02:16,799 Speaker 2: fact for our audience around the world. WHR is your ticker? Yeah? 43 00:02:16,800 --> 00:02:19,120 Speaker 2: I always always got a fun fact for you. WHR 44 00:02:19,200 --> 00:02:22,000 Speaker 2: is your ticker? Down about seventeen percent this morning, really 45 00:02:22,040 --> 00:02:24,800 Speaker 2: taking a beating, trading out about eighty one dollars and 46 00:02:24,840 --> 00:02:28,680 Speaker 2: fifty six cents and dropping as we speak now. They 47 00:02:28,680 --> 00:02:31,480 Speaker 2: are cutting their twenty twenty five profit outlook. They're saying 48 00:02:31,480 --> 00:02:34,200 Speaker 2: that the boost that they were expecting from making the 49 00:02:34,240 --> 00:02:37,760 Speaker 2: majority of its applies in the US has not materialized 50 00:02:37,919 --> 00:02:40,320 Speaker 2: just yet. So again that fifty percent tariff story from 51 00:02:40,360 --> 00:02:43,480 Speaker 2: Brazil among other places, is really going to feed into 52 00:02:43,480 --> 00:02:46,200 Speaker 2: their earnings. They are trying to increase their exposure to 53 00:02:46,240 --> 00:02:48,160 Speaker 2: the States, but as you said, that has not shown 54 00:02:48,240 --> 00:02:51,960 Speaker 2: up just yet. I think the doomsday continues, Nathan. It's 55 00:02:51,960 --> 00:02:54,720 Speaker 2: just one of those warnings. I'm sorry, I gotta do this, okay. 56 00:02:54,760 --> 00:02:58,440 Speaker 2: But Stilantis is another one. This is an Italian car maker, 57 00:02:58,480 --> 00:03:01,960 Speaker 2: of course, that have made ADRs in the United States. 58 00:03:02,120 --> 00:03:05,320 Speaker 2: Stla is your ticker down about two point nine percent, 59 00:03:05,400 --> 00:03:08,679 Speaker 2: nine dollars and forty two cents on those ADRs is 60 00:03:08,720 --> 00:03:11,600 Speaker 2: where we're trading at. Warning again that character going to 61 00:03:11,680 --> 00:03:15,880 Speaker 2: take a one point five billion toll on earnings and 62 00:03:15,960 --> 00:03:18,920 Speaker 2: really talking about a turnaround plowned plan there as well, 63 00:03:18,960 --> 00:03:22,080 Speaker 2: And so they're looking at cuts to their margins, they're 64 00:03:22,080 --> 00:03:24,880 Speaker 2: looking at cuts to their profit outlooks. So not a 65 00:03:24,919 --> 00:03:28,360 Speaker 2: good move there either. I'm gonna I think I need 66 00:03:28,400 --> 00:03:30,480 Speaker 2: to cheer everyone up, maybe a little na news if 67 00:03:30,520 --> 00:03:33,280 Speaker 2: I can. Let's talk about Baker Hughes this morning. So 68 00:03:33,320 --> 00:03:36,680 Speaker 2: Baker Hughes is trying to make a acquisition of Chart Industry, 69 00:03:36,760 --> 00:03:39,800 Speaker 2: so BKR classic merger arbitrage shade down about one point 70 00:03:39,840 --> 00:03:42,240 Speaker 2: three percent. But Chart Industries, which does not make charts, 71 00:03:42,320 --> 00:03:45,560 Speaker 2: actually surprise the virus. They make palps up excuse me, 72 00:03:45,640 --> 00:03:49,880 Speaker 2: pipes and valves those shares higher by whopping almost seventeen percent. 73 00:03:49,960 --> 00:03:52,880 Speaker 2: Gtls trading at just shive two hundred dollars a share. 74 00:03:53,560 --> 00:03:57,680 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 75 00:03:57,800 --> 00:04:00,880 Speaker 1: us throughout today for the latest roundup of companies making 76 00:04:00,960 --> 00:04:04,520 Speaker 1: news on Wall Street and for the latest market moving headlines. 77 00:04:04,680 --> 00:04:08,600 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 78 00:04:08,680 --> 00:04:11,480 Speaker 1: dot com, and on Applecarplay and Android Auto with the 79 00:04:11,480 --> 00:04:12,840 Speaker 1: Bloomberg Business App.