Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I Tim Statobek, along with Nora Melinda were joined by
Speaker 1: Bloomberg News Earnings reporter Red Brown.
Speaker 3: Read lot to choose from.
Speaker 4: Yeah, it was you know, lately we haven't been so
Speaker 4: had such a bounty to pick from, so it's easy
Speaker 4: for me today. The first one I'm looking at is
Speaker 4: is Lucid group. That ticker on that one is Elcid.
Speaker 4: The big news today. Besides it, Tim will get to
Speaker 4: test drive another self driving car.
Speaker 3: Is that? Yeah? You see in twenty twenty six. I
Speaker 3: don't know, you tell me.
Speaker 4: I mean with Lucid, there is a lot of question
Speaker 4: marks around exactly that, whether or not. You know, in
Speaker 4: the past they have struggled to actually kind of hit
Speaker 4: some of their production targets. But this go around, I know,
Speaker 4: you guys are speaking with the CEO of the company
Speaker 4: today and saying that they will have the capacity to
Speaker 4: get these cars out. The news today, obviously, was the
Speaker 4: three hundred million deal that Lucid signed with Uber to
Speaker 4: launch self driving cars by next year, so it's it's
Speaker 4: another one of these deals that Uber is is doing
Speaker 4: to do to just kind of flood the market with
Speaker 4: as many options as they can.
Speaker 3: Have either of you been in a self driving car?
Speaker 5: I actually haven't. I don't know how I feel about them,
Speaker 5: to be honest.
Speaker 3: Okay, right, I'm afraid. I feel like I've been on
Speaker 3: the show set exactly that you know I used.
Speaker 1: I was once like you two, I was once afraid
Speaker 1: changed states.
Speaker 3: I went to.
Speaker 1: San Francisco late last year for an event, uh and
Speaker 1: I was with a friend and she said, have you
Speaker 1: ridden in a Waimo yet? And I said, no, I haven't.
Speaker 1: I you know, I don't really want to jump in
Speaker 1: one of those things. And she was like, you have
Speaker 1: to do it. You got to try it. And it
Speaker 1: was really her endorsement. And she said, you know, when
Speaker 1: we have friends come and visit, it's like a thing
Speaker 1: we do in San Francisco. You know, you used to
Speaker 1: ride the trolley, you go, you know, go to the
Speaker 1: pier and stuff. Well, tourist attraction to people getting waymos.
Speaker 1: And I did it once. She dropped me off at
Speaker 1: a place where I could get a WAYMO. I took it,
Speaker 1: and like every time I'm there, it's the only thing
Speaker 1: I take.
Speaker 5: But is it cheaper?
Speaker 1: Then it's like the same price as Zuber, Yeah, or cheaper, right,
Speaker 1: I compare them.
Speaker 3: I mean, but I wonder is it just still going
Speaker 3: to be like a party trick.
Speaker 4: But it seems like there's so much money going into
Speaker 4: it that at this point, like it feels like it
Speaker 4: really something we're all doing.
Speaker 1: So critics argue that yes, it works in a place
Speaker 1: like San Francisco, because of the mapping that they've done,
Speaker 1: because of the way the streets are laid out. It's
Speaker 1: being tested in Los Angeles, it's in Austin, Miami, They're
Speaker 1: going to do it in DC. They're going to test
Speaker 1: here in New York. I'm talking about Waymos specifically. I
Speaker 1: think the big question is whether or not they can
Speaker 1: pull this off. Weimo or anyone else can pull it
Speaker 1: off in a city like New York, right right, Like
Speaker 1: some other count the highways in San Francisco, it's just.
Speaker 5: Like okay, streets only yeah enough, what else are you
Speaker 5: looking at?
Speaker 6: Red?
Speaker 4: Another one on my radars is PEPSI. Obviously they had
Speaker 4: earnings today. It came out quite strong. The organic growth
Speaker 4: beat expectations. And you know, this company hasn't had a
Speaker 4: ton of momentum heading into this this report, but now
Speaker 4: up seven percent at the moment. That's the highest since
Speaker 4: April this year. So not that you know, they have
Speaker 4: had some good days so far, but I would really
Speaker 4: call my attention with this one was actually the reasons
Speaker 4: why they were doing well. So it's these things like,
Speaker 4: you know, people are getting healthier, they want more protein,
Speaker 4: they want smaller serving sizes, things like that, which I
Speaker 4: don't think we always associate with, you know, pepsi and
Speaker 4: coke and things like that, but you know it's kind
Speaker 4: of the momentum right now is behind the healthier options
Speaker 4: and companies are you know, making making sure that's available
Speaker 4: to their consumers.
Speaker 3: Poppy, Have you guys tried Poppy?
Speaker 6: I was just about to bring that up. I always
Speaker 6: mix Poppy up with the other one. There's I'm linking
Speaker 6: right now. It's Poppy versus There's so many different reasons
Speaker 6: point biotic, biotic, probiotic treats, and Pepsi is the owner
Speaker 6: correct for.
Speaker 3: Poppy, I believe, So yeah, Ollipop.
Speaker 5: I appreciate you resolving that have you tried?
Speaker 1: But that's supposed to be the growth area, right PEPs
Speaker 1: he made this big acquisition.
Speaker 4: Right yeah, I mean it's but in that same sort
Speaker 4: of thematic vein of like how can we be healthier? Right?
Speaker 4: So that is what consumers have been shouting out for
Speaker 4: so much. I mean, I will do it after. You know,
Speaker 4: you want something sweet after like a workout or whatever.
Speaker 4: It's like, you know, instead of getting a coke, you
Speaker 4: get a poppy and you don't feel so like you
Speaker 4: just wasted your last hour.
Speaker 5: Makes you feel better about yourself, right, that's important.
Speaker 4: Speaking of health, Yes, last one of my radar today
Speaker 4: is actually one of the worst performing stocks that's in
Speaker 4: the S and P five hundred. That's Elevan's Health. They
Speaker 4: are down around twelve percent at the moment, so that's
Speaker 4: that's right now trending towards a in one of the words,
Speaker 4: the lowest points in four years. So that came after
Speaker 4: the company cut its profit outlook for the year. And
Speaker 4: this is another theme that we've been tracking through all
Speaker 4: of the healthcare insurance is they're just having a really
Speaker 4: hard time dealing with healthcare costs the moment, United healthcare.
Speaker 4: Obviously the biggest name in this space has been for me,
Speaker 4: one of the most important I think stock stories of
Speaker 4: the year, just considering the amount of market cap that
Speaker 4: that company has lost, and we're just seeing it kind
Speaker 4: of play out through the rest of that industry, through
Speaker 4: the smaller players as well.
Speaker 5: And what's interesting, I saw Vital Knowledge.
Speaker 6: They put out a note essentially saying that the spacemen
Speaker 6: beating up valuations are cheap, so there's not much of
Speaker 6: a reason for people to buy the dip because fundamentals
Speaker 6: aren't likely to improve anytime soon.
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