1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,800 --> 00:00:19,920 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,960 --> 00:00:23,040 Speaker 1: I Tim Statobek, along with Nora Melinda were joined by 6 00:00:23,040 --> 00:00:25,439 Speaker 1: Bloomberg News Earnings reporter Red Brown. 7 00:00:26,320 --> 00:00:28,000 Speaker 3: Read lot to choose from. 8 00:00:28,200 --> 00:00:30,520 Speaker 4: Yeah, it was you know, lately we haven't been so 9 00:00:31,240 --> 00:00:33,040 Speaker 4: had such a bounty to pick from, so it's easy 10 00:00:33,080 --> 00:00:36,000 Speaker 4: for me today. The first one I'm looking at is 11 00:00:36,000 --> 00:00:38,880 Speaker 4: is Lucid group. That ticker on that one is Elcid. 12 00:00:39,800 --> 00:00:42,720 Speaker 4: The big news today. Besides it, Tim will get to 13 00:00:42,760 --> 00:00:44,920 Speaker 4: test drive another self driving car. 14 00:00:45,000 --> 00:00:46,839 Speaker 3: Is that? Yeah? You see in twenty twenty six. I 15 00:00:46,880 --> 00:00:47,720 Speaker 3: don't know, you tell me. 16 00:00:47,920 --> 00:00:49,840 Speaker 4: I mean with Lucid, there is a lot of question 17 00:00:49,880 --> 00:00:53,000 Speaker 4: marks around exactly that, whether or not. You know, in 18 00:00:53,040 --> 00:00:54,760 Speaker 4: the past they have struggled to actually kind of hit 19 00:00:54,800 --> 00:00:56,800 Speaker 4: some of their production targets. But this go around, I know, 20 00:00:56,800 --> 00:00:59,000 Speaker 4: you guys are speaking with the CEO of the company 21 00:00:59,040 --> 00:01:01,000 Speaker 4: today and saying that they will have the capacity to 22 00:01:01,000 --> 00:01:04,000 Speaker 4: get these cars out. The news today, obviously, was the 23 00:01:04,000 --> 00:01:07,520 Speaker 4: three hundred million deal that Lucid signed with Uber to 24 00:01:08,360 --> 00:01:12,520 Speaker 4: launch self driving cars by next year, so it's it's 25 00:01:12,520 --> 00:01:14,600 Speaker 4: another one of these deals that Uber is is doing 26 00:01:14,640 --> 00:01:16,560 Speaker 4: to do to just kind of flood the market with 27 00:01:16,560 --> 00:01:17,840 Speaker 4: as many options as they can. 28 00:01:18,040 --> 00:01:20,000 Speaker 3: Have either of you been in a self driving car? 29 00:01:20,319 --> 00:01:22,200 Speaker 5: I actually haven't. I don't know how I feel about them, 30 00:01:22,240 --> 00:01:23,160 Speaker 5: to be honest. 31 00:01:22,920 --> 00:01:25,240 Speaker 3: Okay, right, I'm afraid. I feel like I've been on 32 00:01:25,280 --> 00:01:27,200 Speaker 3: the show set exactly that you know I used. 33 00:01:27,600 --> 00:01:30,240 Speaker 1: I was once like you two, I was once afraid 34 00:01:30,720 --> 00:01:33,000 Speaker 1: changed states. 35 00:01:32,480 --> 00:01:33,520 Speaker 3: I went to. 36 00:01:33,440 --> 00:01:36,880 Speaker 1: San Francisco late last year for an event, uh and 37 00:01:37,160 --> 00:01:40,360 Speaker 1: I was with a friend and she said, have you 38 00:01:40,440 --> 00:01:43,160 Speaker 1: ridden in a Waimo yet? And I said, no, I haven't. 39 00:01:43,200 --> 00:01:45,000 Speaker 1: I you know, I don't really want to jump in 40 00:01:45,000 --> 00:01:46,320 Speaker 1: one of those things. And she was like, you have 41 00:01:46,400 --> 00:01:48,040 Speaker 1: to do it. You got to try it. And it 42 00:01:48,120 --> 00:01:50,640 Speaker 1: was really her endorsement. And she said, you know, when 43 00:01:50,640 --> 00:01:52,640 Speaker 1: we have friends come and visit, it's like a thing 44 00:01:52,680 --> 00:01:54,040 Speaker 1: we do in San Francisco. You know, you used to 45 00:01:54,120 --> 00:01:55,960 Speaker 1: ride the trolley, you go, you know, go to the 46 00:01:56,000 --> 00:01:58,960 Speaker 1: pier and stuff. Well, tourist attraction to people getting waymos. 47 00:01:59,240 --> 00:02:00,840 Speaker 1: And I did it once. She dropped me off at 48 00:02:00,880 --> 00:02:03,600 Speaker 1: a place where I could get a WAYMO. I took it, 49 00:02:03,640 --> 00:02:05,520 Speaker 1: and like every time I'm there, it's the only thing 50 00:02:05,520 --> 00:02:05,800 Speaker 1: I take. 51 00:02:05,880 --> 00:02:06,680 Speaker 5: But is it cheaper? 52 00:02:06,720 --> 00:02:09,600 Speaker 1: Then it's like the same price as Zuber, Yeah, or cheaper, right, 53 00:02:09,960 --> 00:02:10,600 Speaker 1: I compare them. 54 00:02:10,639 --> 00:02:12,880 Speaker 3: I mean, but I wonder is it just still going 55 00:02:12,919 --> 00:02:13,639 Speaker 3: to be like a party trick. 56 00:02:13,680 --> 00:02:15,280 Speaker 4: But it seems like there's so much money going into 57 00:02:15,280 --> 00:02:17,160 Speaker 4: it that at this point, like it feels like it 58 00:02:17,200 --> 00:02:18,280 Speaker 4: really something we're all doing. 59 00:02:18,360 --> 00:02:20,960 Speaker 1: So critics argue that yes, it works in a place 60 00:02:21,000 --> 00:02:24,320 Speaker 1: like San Francisco, because of the mapping that they've done, 61 00:02:24,400 --> 00:02:27,160 Speaker 1: because of the way the streets are laid out. It's 62 00:02:27,200 --> 00:02:29,959 Speaker 1: being tested in Los Angeles, it's in Austin, Miami, They're 63 00:02:29,960 --> 00:02:31,280 Speaker 1: going to do it in DC. They're going to test 64 00:02:31,320 --> 00:02:33,480 Speaker 1: here in New York. I'm talking about Waymos specifically. I 65 00:02:33,560 --> 00:02:35,040 Speaker 1: think the big question is whether or not they can 66 00:02:35,120 --> 00:02:37,000 Speaker 1: pull this off. Weimo or anyone else can pull it 67 00:02:37,000 --> 00:02:38,840 Speaker 1: off in a city like New York, right right, Like 68 00:02:39,160 --> 00:02:41,240 Speaker 1: some other count the highways in San Francisco, it's just. 69 00:02:41,200 --> 00:02:44,200 Speaker 5: Like okay, streets only yeah enough, what else are you 70 00:02:44,280 --> 00:02:44,560 Speaker 5: looking at? 71 00:02:44,600 --> 00:02:44,799 Speaker 6: Red? 72 00:02:45,040 --> 00:02:47,760 Speaker 4: Another one on my radars is PEPSI. Obviously they had 73 00:02:47,800 --> 00:02:50,520 Speaker 4: earnings today. It came out quite strong. The organic growth 74 00:02:51,000 --> 00:02:53,760 Speaker 4: beat expectations. And you know, this company hasn't had a 75 00:02:53,760 --> 00:02:56,839 Speaker 4: ton of momentum heading into this this report, but now 76 00:02:56,960 --> 00:03:00,639 Speaker 4: up seven percent at the moment. That's the highest since 77 00:03:00,840 --> 00:03:02,440 Speaker 4: April this year. So not that you know, they have 78 00:03:02,560 --> 00:03:04,720 Speaker 4: had some good days so far, but I would really 79 00:03:04,720 --> 00:03:06,920 Speaker 4: call my attention with this one was actually the reasons 80 00:03:06,960 --> 00:03:08,840 Speaker 4: why they were doing well. So it's these things like, 81 00:03:09,040 --> 00:03:11,800 Speaker 4: you know, people are getting healthier, they want more protein, 82 00:03:11,880 --> 00:03:14,519 Speaker 4: they want smaller serving sizes, things like that, which I 83 00:03:14,600 --> 00:03:16,720 Speaker 4: don't think we always associate with, you know, pepsi and 84 00:03:16,720 --> 00:03:19,120 Speaker 4: coke and things like that, but you know it's kind 85 00:03:19,160 --> 00:03:22,600 Speaker 4: of the momentum right now is behind the healthier options 86 00:03:22,600 --> 00:03:26,160 Speaker 4: and companies are you know, making making sure that's available 87 00:03:26,200 --> 00:03:26,960 Speaker 4: to their consumers. 88 00:03:27,600 --> 00:03:28,880 Speaker 3: Poppy, Have you guys tried Poppy? 89 00:03:29,000 --> 00:03:30,560 Speaker 6: I was just about to bring that up. I always 90 00:03:30,600 --> 00:03:33,880 Speaker 6: mix Poppy up with the other one. There's I'm linking 91 00:03:33,960 --> 00:03:36,640 Speaker 6: right now. It's Poppy versus There's so many different reasons 92 00:03:36,960 --> 00:03:41,400 Speaker 6: point biotic, biotic, probiotic treats, and Pepsi is the owner 93 00:03:41,440 --> 00:03:41,920 Speaker 6: correct for. 94 00:03:41,880 --> 00:03:44,920 Speaker 3: Poppy, I believe, So yeah, Ollipop. 95 00:03:46,040 --> 00:03:48,520 Speaker 5: I appreciate you resolving that have you tried? 96 00:03:48,720 --> 00:03:50,440 Speaker 1: But that's supposed to be the growth area, right PEPs 97 00:03:50,480 --> 00:03:52,200 Speaker 1: he made this big acquisition. 98 00:03:51,920 --> 00:03:54,480 Speaker 4: Right yeah, I mean it's but in that same sort 99 00:03:54,480 --> 00:03:57,080 Speaker 4: of thematic vein of like how can we be healthier? Right? 100 00:03:57,160 --> 00:03:59,480 Speaker 4: So that is what consumers have been shouting out for 101 00:03:59,560 --> 00:04:01,520 Speaker 4: so much. I mean, I will do it after. You know, 102 00:04:01,680 --> 00:04:03,760 Speaker 4: you want something sweet after like a workout or whatever. 103 00:04:03,800 --> 00:04:05,960 Speaker 4: It's like, you know, instead of getting a coke, you 104 00:04:06,000 --> 00:04:08,000 Speaker 4: get a poppy and you don't feel so like you 105 00:04:08,040 --> 00:04:09,160 Speaker 4: just wasted your last hour. 106 00:04:10,000 --> 00:04:12,400 Speaker 5: Makes you feel better about yourself, right, that's important. 107 00:04:12,440 --> 00:04:15,200 Speaker 4: Speaking of health, Yes, last one of my radar today 108 00:04:15,240 --> 00:04:17,599 Speaker 4: is actually one of the worst performing stocks that's in 109 00:04:17,640 --> 00:04:20,160 Speaker 4: the S and P five hundred. That's Elevan's Health. They 110 00:04:20,160 --> 00:04:22,680 Speaker 4: are down around twelve percent at the moment, so that's 111 00:04:23,320 --> 00:04:25,920 Speaker 4: that's right now trending towards a in one of the words, 112 00:04:25,920 --> 00:04:28,520 Speaker 4: the lowest points in four years. So that came after 113 00:04:28,600 --> 00:04:32,560 Speaker 4: the company cut its profit outlook for the year. And 114 00:04:32,640 --> 00:04:35,880 Speaker 4: this is another theme that we've been tracking through all 115 00:04:35,920 --> 00:04:38,000 Speaker 4: of the healthcare insurance is they're just having a really 116 00:04:38,040 --> 00:04:41,479 Speaker 4: hard time dealing with healthcare costs the moment, United healthcare. 117 00:04:41,480 --> 00:04:44,039 Speaker 4: Obviously the biggest name in this space has been for me, 118 00:04:44,200 --> 00:04:47,040 Speaker 4: one of the most important I think stock stories of 119 00:04:47,080 --> 00:04:50,040 Speaker 4: the year, just considering the amount of market cap that 120 00:04:50,040 --> 00:04:52,720 Speaker 4: that company has lost, and we're just seeing it kind 121 00:04:52,760 --> 00:04:55,680 Speaker 4: of play out through the rest of that industry, through 122 00:04:55,680 --> 00:04:56,839 Speaker 4: the smaller players as well. 123 00:04:56,960 --> 00:04:58,599 Speaker 5: And what's interesting, I saw Vital Knowledge. 124 00:04:58,760 --> 00:05:00,839 Speaker 6: They put out a note essentially saying that the spacemen 125 00:05:00,960 --> 00:05:03,040 Speaker 6: beating up valuations are cheap, so there's not much of 126 00:05:03,080 --> 00:05:05,200 Speaker 6: a reason for people to buy the dip because fundamentals 127 00:05:05,200 --> 00:05:06,960 Speaker 6: aren't likely to improve anytime soon. 128 00:05:08,680 --> 00:05:13,040 Speaker 2: The Stockmovers podcast from Bloomberg Radio. 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