1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

2
00:00:08,560 --> 00:00:12,440
Speaker 2: The Stock Movers Report, your roundup of companies making moves

3
00:00:12,480 --> 00:00:16,280
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,360 --> 00:00:19,320
Speaker 3: I'm Jim Stenebek along with Carrol Master. You are, let's

5
00:00:19,360 --> 00:00:21,280
Speaker 3: take a look at some stocks on the move today.

6
00:00:21,280 --> 00:00:26,439
Speaker 3: We're joined by Bloomberg Television Markets correspondent Nora Melinda Nour.

7
00:00:27,040 --> 00:00:28,280
Speaker 3: What do you have for us?

8
00:00:28,440 --> 00:00:31,240
Speaker 4: Boeing Well, yeah, say not knowing you love Boeing.

9
00:00:31,520 --> 00:00:33,160
Speaker 3: Well, I was going to let her do the review.

10
00:00:33,159 --> 00:00:34,839
Speaker 5: I was going to do a cute little intro, you know,

11
00:00:34,920 --> 00:00:35,880
Speaker 5: stock flying High.

12
00:00:35,920 --> 00:00:38,640
Speaker 4: I was sorry, I had a whole thing. Okay, nice

13
00:00:38,720 --> 00:00:40,360
Speaker 4: Carol three two one.

14
00:00:40,159 --> 00:00:43,919
Speaker 5: Yes shares a Boeing flying High. You're looking at ticker BA.

15
00:00:44,000 --> 00:00:45,960
Speaker 5: This is the best performing stock in the S and

16
00:00:46,000 --> 00:00:48,599
Speaker 5: P five hundred. And of course, this is after investors

17
00:00:48,640 --> 00:00:51,720
Speaker 5: are feeling really reassured after the CFO said that they

18
00:00:51,720 --> 00:00:55,240
Speaker 5: should expect billions of dollars in cash flow next year.

19
00:00:55,480 --> 00:00:56,720
Speaker 5: And of course, if you really kind of look at

20
00:00:56,720 --> 00:00:58,360
Speaker 5: what we've been seeing this year, we've been seeing the

21
00:00:58,400 --> 00:01:01,959
Speaker 5: company burning through two billion dollars in cash. So this

22
00:01:02,000 --> 00:01:05,280
Speaker 5: is a welcome reassurance that we're hearing from the company here.

23
00:01:05,319 --> 00:01:08,040
Speaker 5: So you are seeing shares of Boeing up as much

24
00:01:08,080 --> 00:01:11,080
Speaker 5: as what more than ten percent, rising for their best

25
00:01:11,160 --> 00:01:13,280
Speaker 5: days since April. So you really are seeing some strong

26
00:01:13,319 --> 00:01:15,479
Speaker 5: performance here. The street's clearly liking it.

27
00:01:15,720 --> 00:01:18,320
Speaker 1: Yeah, I mean number one gator. As you said, quite

28
00:01:18,319 --> 00:01:21,080
Speaker 1: a bump to the upside. Quite a bump sometimes in

29
00:01:21,120 --> 00:01:23,720
Speaker 1: a Boeing plane.

30
00:01:24,240 --> 00:01:27,120
Speaker 4: There's a lot of turbulence. We noticed that right, like

31
00:01:27,160 --> 00:01:27,640
Speaker 4: in some of our.

32
00:01:27,600 --> 00:01:31,360
Speaker 3: Are you talking about real turbulence, yeah, not equity market turbulence.

33
00:01:31,440 --> 00:01:33,520
Speaker 4: No, I'm not. Okay, well not at this moment.

34
00:01:33,600 --> 00:01:36,840
Speaker 5: So we're centered. Yeah, we're aligned. Now, Okay, where we

35
00:01:36,880 --> 00:01:39,120
Speaker 5: go next, Well, let's move over into healthcare. I've got

36
00:01:39,160 --> 00:01:41,959
Speaker 5: my eyes on Jane's Therapeutics. Now, this is the company

37
00:01:41,959 --> 00:01:43,560
Speaker 5: I had to dig a bit into. Was just a

38
00:01:43,600 --> 00:01:46,000
Speaker 5: little bit less than one billion dollar in market cap,

39
00:01:46,480 --> 00:01:48,720
Speaker 5: but it's a drug developer and it's seeing its worst

40
00:01:48,800 --> 00:01:53,640
Speaker 5: day ever. It's really really seeing a strong pullback today,

41
00:01:53,680 --> 00:01:56,480
Speaker 5: down as much as fifty one percent. It essentially did

42
00:01:56,560 --> 00:01:59,280
Speaker 5: have some interim data from its early stage trial in

43
00:01:59,360 --> 00:02:03,880
Speaker 5: terms of its prostate cancer therapy. The disappointed investors, so

44
00:02:04,480 --> 00:02:06,480
Speaker 5: really taking a beating today. I mean the stock on

45
00:02:06,520 --> 00:02:09,800
Speaker 5: a year today basis though, down sixty nine percent, So

46
00:02:09,840 --> 00:02:11,880
Speaker 5: it's been a pretty brutal year for this company.

47
00:02:11,960 --> 00:02:14,560
Speaker 1: It's so hard for some of these biotechs, right, who

48
00:02:14,600 --> 00:02:18,000
Speaker 1: are often centered sometimes around one individual drug. This may

49
00:02:18,040 --> 00:02:20,120
Speaker 1: not be the case for this one, but yeah, when

50
00:02:20,120 --> 00:02:23,320
Speaker 1: there's some disappointment. It's true for the major pharmaceuticals too,

51
00:02:23,320 --> 00:02:25,679
Speaker 1: if they're banking on something right. All right, that's doc

52
00:02:25,720 --> 00:02:29,040
Speaker 1: as you said, down today, down seventy percent year to date,

53
00:02:29,040 --> 00:02:30,400
Speaker 1: with eighteen percent of the float.

54
00:02:30,440 --> 00:02:31,800
Speaker 4: Short, Where would you like to go?

55
00:02:32,120 --> 00:02:35,000
Speaker 3: Signet Jewelers is where I want to go, although maybe

56
00:02:35,040 --> 00:02:36,239
Speaker 3: not enough people are going there.

57
00:02:36,360 --> 00:02:38,280
Speaker 5: Yeah, I mean, let's talk about the consumer. We've been

58
00:02:38,320 --> 00:02:41,200
Speaker 5: hearing about Black Friday data. There's so much what retail

59
00:02:41,200 --> 00:02:43,840
Speaker 5: earnings you've been getting as well. But in looking at Signet,

60
00:02:43,840 --> 00:02:47,920
Speaker 5: this is take our sig. We're seeing shares that are falling. Really,

61
00:02:47,960 --> 00:02:49,880
Speaker 5: of course, we are seeing this as the worst day

62
00:02:49,960 --> 00:02:53,280
Speaker 5: since April. This is after the company is essentially expressing

63
00:02:53,320 --> 00:02:55,919
Speaker 5: some caution as we look ahead into the holiday season,

64
00:02:56,000 --> 00:02:57,960
Speaker 5: which is a really key season for the company. If

65
00:02:58,000 --> 00:03:00,600
Speaker 5: you think about the fact that people are purchasing engagement

66
00:03:00,720 --> 00:03:02,799
Speaker 5: rings during that time period. As we head toward the

67
00:03:02,919 --> 00:03:05,920
Speaker 5: end of the year ahead of Valentine's Day next year,

68
00:03:06,120 --> 00:03:08,080
Speaker 5: they're saying that they expect to see some sort of

69
00:03:08,280 --> 00:03:10,680
Speaker 5: caution here when we think about the US consumer, despite

70
00:03:10,720 --> 00:03:13,320
Speaker 5: the fact that they did get earnings that were better

71
00:03:13,360 --> 00:03:16,240
Speaker 5: than expected. This is really what's dragging on the stock today.

72
00:03:16,520 --> 00:03:18,880
Speaker 3: This is the parent company of K Jewelers and Zail.

73
00:03:19,080 --> 00:03:21,960
Speaker 3: So you know, if you're in the market for that

74
00:03:22,000 --> 00:03:24,240
Speaker 3: type of jewelry, this company has a good view.

75
00:03:24,320 --> 00:03:30,080
Speaker 4: Do you mean that type of jewelry diamonds type of jewelry.

76
00:03:30,280 --> 00:03:33,600
Speaker 3: You know what I still wonder about the what's the

77
00:03:33,639 --> 00:03:35,200
Speaker 3: right way to talk about these.

78
00:03:36,080 --> 00:03:36,960
Speaker 5: Lab grown diamonds.

79
00:03:37,680 --> 00:03:39,240
Speaker 4: I think they're a great idea.

80
00:03:39,160 --> 00:03:42,640
Speaker 3: So the effect that that's having, but I don't know

81
00:03:42,960 --> 00:03:46,040
Speaker 3: that was before my time, like I was, you know,

82
00:03:46,680 --> 00:03:49,960
Speaker 3: unfortunately was stuck with a non lab grown diamond in

83
00:03:50,000 --> 00:03:52,520
Speaker 3: the whole engagement process. I know, I know, you know,

84
00:03:52,560 --> 00:03:55,640
Speaker 3: you talk to people who are a generation younger than

85
00:03:55,680 --> 00:03:58,360
Speaker 3: I am, and it's all about the lab grown Yeah, right.

86
00:03:58,280 --> 00:04:00,440
Speaker 5: Absolutely, apparently you can't even tell the difference.

87
00:04:00,880 --> 00:04:03,320
Speaker 4: We'll be right, they're the same thing, right, I don't know,

88
00:04:03,320 --> 00:04:04,160
Speaker 4: can they go as big?

89
00:04:04,680 --> 00:04:05,520
Speaker 5: That's a good question.

90
00:04:05,680 --> 00:04:07,920
Speaker 3: They go big and they are way less expensive.

91
00:04:07,920 --> 00:04:10,080
Speaker 4: You're way less expensive. There you go, which makes me

92
00:04:10,160 --> 00:04:12,280
Speaker 4: think about, you know, what really is the value of

93
00:04:12,320 --> 00:04:12,800
Speaker 4: these things?

94
00:04:13,280 --> 00:04:13,520
Speaker 3: Right?

95
00:04:13,960 --> 00:04:14,440
Speaker 2: I like that?

96
00:04:14,840 --> 00:04:16,680
Speaker 1: Like what I don't know what does it cost to

97
00:04:16,720 --> 00:04:20,680
Speaker 1: make a lab diamond? I guess you should assume that it's.

98
00:04:20,040 --> 00:04:21,920
Speaker 3: It's a very good question for this is a very

99
00:04:21,960 --> 00:04:24,960
Speaker 3: good question and discussion for de beers, and it's a

100
00:04:25,000 --> 00:04:29,360
Speaker 3: reason Whywana are having so much trouble, right ye, exactly.

101
00:04:31,520 --> 00:04:35,560
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

102
00:04:35,640 --> 00:04:38,200
Speaker 2: us throughout the day for the latest roundup of companies

103
00:04:38,279 --> 00:04:41,360
Speaker 2: making news on Wall Street and for the latest market

104
00:04:41,400 --> 00:04:45,839
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

105
00:04:45,960 --> 00:04:49,479
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

106
00:04:49,520 --> 00:04:51,000
Speaker 2: the Bloomberg Business app.