1 00:00:02,520 --> 00:00:09,959 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market. 3 00:00:13,680 --> 00:00:17,480 Speaker 1: Harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,480 --> 00:00:18,720 Speaker 1: at some of the stocks on the move today. 5 00:00:18,760 --> 00:00:20,119 Speaker 2: I'm Paul Swingey along with Alex Steel. 6 00:00:20,160 --> 00:00:23,560 Speaker 1: We're joined by Bloomberg's Natalia Kenny Javich. What are you 7 00:00:23,600 --> 00:00:26,760 Speaker 1: looking at here? In Natalia, Let's start with the stock. 8 00:00:26,640 --> 00:00:30,120 Speaker 2: Is down by percent at one moment todays. Yes, it 9 00:00:30,280 --> 00:00:34,839 Speaker 2: was solar Energy exactly, so at one point it was 10 00:00:34,880 --> 00:00:38,400 Speaker 2: down as much as forty two percent, the most ever 11 00:00:38,920 --> 00:00:41,720 Speaker 2: analysts downgrade the stock. Of course, it all comes as 12 00:00:41,840 --> 00:00:46,120 Speaker 2: New House Republicans version of this tax and spending bill 13 00:00:46,200 --> 00:00:51,520 Speaker 2: aims to end incentives on clean electricity production. Now, clean 14 00:00:51,560 --> 00:00:56,680 Speaker 2: electricity tax credits for sources including wind and solar could 15 00:00:56,800 --> 00:01:00,400 Speaker 2: end start in twenty twenty two. This is earlier than planned, 16 00:01:00,840 --> 00:01:04,160 Speaker 2: and also the bill would require those projects to begin 17 00:01:04,280 --> 00:01:08,080 Speaker 2: construction within sixty days of the legislation of the legislation 18 00:01:08,200 --> 00:01:13,680 Speaker 2: becoming a law. Initially, the version offered those credit tax 19 00:01:13,760 --> 00:01:18,680 Speaker 2: credits to exist until twenty thirty two. To Bloomberg Intelligence, 20 00:01:18,760 --> 00:01:25,559 Speaker 2: this is basically can desensifie those solar producers, renewable energy producers, 21 00:01:25,640 --> 00:01:28,280 Speaker 2: just to invest in this in that industry because it 22 00:01:28,319 --> 00:01:32,880 Speaker 2: could drop below the threshold which could stimulate. Yeah, it's 23 00:01:32,920 --> 00:01:36,479 Speaker 2: gonna it's not great. It's definitely not good for these guys. 24 00:01:36,800 --> 00:01:40,679 Speaker 2: What else are you looking at? I'm watching healthcare industry 25 00:01:40,880 --> 00:01:44,880 Speaker 2: Hymns and Hearst health shares. The stock is down by 26 00:01:44,920 --> 00:01:49,480 Speaker 2: five percent. This is a telehealth company platform that sells 27 00:01:49,480 --> 00:01:53,840 Speaker 2: obesity drugs. Early it was done by as much as 28 00:01:53,880 --> 00:01:58,080 Speaker 2: eleven percent, so people used to go to telehealth companies 29 00:01:58,080 --> 00:02:02,680 Speaker 2: to buy cheaper compounded verse versions of this brand versus 30 00:02:02,680 --> 00:02:06,880 Speaker 2: branded drugs by City Drugs. Right, because insurance typically doesn't 31 00:02:06,880 --> 00:02:10,320 Speaker 2: cover that. Now Signa, which is an insurance company which 32 00:02:10,400 --> 00:02:14,480 Speaker 2: works with La Lilly and Novel Notics, wants to cover 33 00:02:14,800 --> 00:02:17,440 Speaker 2: how much people typically pay out of the pocket, which 34 00:02:17,480 --> 00:02:20,919 Speaker 2: could be which could be about two hundred dollars per month, 35 00:02:21,000 --> 00:02:24,480 Speaker 2: and that could be really attractive for some consumers. And 36 00:02:24,560 --> 00:02:26,720 Speaker 2: as a result, we do see that the stock of 37 00:02:26,880 --> 00:02:30,240 Speaker 2: Hymns and Earth is under pressure today. All Right, we 38 00:02:30,320 --> 00:02:36,320 Speaker 2: got Williams so Noma exactly. Retail sector is largest hugely 39 00:02:36,360 --> 00:02:40,920 Speaker 2: important today. Of course, we see that results scheme above expectations. 40 00:02:40,960 --> 00:02:46,040 Speaker 2: The company sees revenue somewhere between minus one point five 41 00:02:46,080 --> 00:02:49,320 Speaker 2: to one point five percent. Net revenue came at one 42 00:02:49,320 --> 00:02:53,400 Speaker 2: point seventy three billion, still up four point two percent 43 00:02:53,440 --> 00:02:56,520 Speaker 2: on a year of a year basis. Bloomberg Intelligence is 44 00:02:56,600 --> 00:03:01,920 Speaker 2: saying that these guidelines and outlookly some room for a 45 00:03:02,000 --> 00:03:05,040 Speaker 2: positive surprise, but at the same time, some analysts were 46 00:03:05,120 --> 00:03:09,320 Speaker 2: really disappointed that there is no absence of guidance bump 47 00:03:09,520 --> 00:03:13,800 Speaker 2: considering that results came above expectations. It's down by eight 48 00:03:13,919 --> 00:03:15,000 Speaker 2: percent today. 49 00:03:16,040 --> 00:03:20,080 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 50 00:03:20,160 --> 00:03:22,720 Speaker 1: us throughout the day for the latest roundup of companies 51 00:03:22,800 --> 00:03:25,880 Speaker 1: making news on Wall Street and for the latest market 52 00:03:25,919 --> 00:03:30,360 Speaker 1: moving headlines. 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