WEBVTT - Boeing Jumps, Janux Therapeutics Plunges, Signet Slides

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Jim Stenebek along with Carrol Master. You are, let's

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<v Speaker 3>take a look at some stocks on the move today.

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<v Speaker 3>We're joined by Bloomberg Television Markets correspondent Nora Melinda Nour.

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<v Speaker 3>What do you have for us?

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<v Speaker 4>Boeing Well, yeah, say not knowing you love Boeing.

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<v Speaker 3>Well, I was going to let her do the review.

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<v Speaker 5>I was going to do a cute little intro, you know,

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<v Speaker 5>stock flying High.

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<v Speaker 4>I was sorry, I had a whole thing. Okay, nice

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<v Speaker 4>Carol three two one.

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<v Speaker 5>Yes shares a Boeing flying High. You're looking at ticker BA.

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<v Speaker 5>This is the best performing stock in the S and

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<v Speaker 5>P five hundred. And of course, this is after investors

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<v Speaker 5>are feeling really reassured after the CFO said that they

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<v Speaker 5>should expect billions of dollars in cash flow next year.

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<v Speaker 5>And of course, if you really kind of look at

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<v Speaker 5>what we've been seeing this year, we've been seeing the

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<v Speaker 5>company burning through two billion dollars in cash. So this

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<v Speaker 5>is a welcome reassurance that we're hearing from the company here.

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<v Speaker 5>So you are seeing shares of Boeing up as much

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<v Speaker 5>as what more than ten percent, rising for their best

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<v Speaker 5>days since April. So you really are seeing some strong

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<v Speaker 5>performance here. The street's clearly liking it.

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<v Speaker 1>Yeah, I mean number one gator. As you said, quite

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<v Speaker 1>a bump to the upside. Quite a bump sometimes in

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<v Speaker 1>a Boeing plane.

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<v Speaker 4>There's a lot of turbulence. We noticed that right, like

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<v Speaker 4>in some of our.

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<v Speaker 3>Are you talking about real turbulence, yeah, not equity market turbulence.

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<v Speaker 4>No, I'm not. Okay, well not at this moment.

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<v Speaker 5>So we're centered. Yeah, we're aligned. Now, Okay, where we

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<v Speaker 5>go next, Well, let's move over into healthcare. I've got

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<v Speaker 5>my eyes on Jane's Therapeutics. Now, this is the company

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<v Speaker 5>I had to dig a bit into. Was just a

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<v Speaker 5>little bit less than one billion dollar in market cap,

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<v Speaker 5>but it's a drug developer and it's seeing its worst

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<v Speaker 5>day ever. It's really really seeing a strong pullback today,

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<v Speaker 5>down as much as fifty one percent. It essentially did

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<v Speaker 5>have some interim data from its early stage trial in

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<v Speaker 5>terms of its prostate cancer therapy. The disappointed investors, so

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<v Speaker 5>really taking a beating today. I mean the stock on

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<v Speaker 5>a year today basis though, down sixty nine percent, So

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<v Speaker 5>it's been a pretty brutal year for this company.

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<v Speaker 1>It's so hard for some of these biotechs, right, who

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<v Speaker 1>are often centered sometimes around one individual drug. This may

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<v Speaker 1>not be the case for this one, but yeah, when

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<v Speaker 1>there's some disappointment. It's true for the major pharmaceuticals too,

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<v Speaker 1>if they're banking on something right. All right, that's doc

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<v Speaker 1>as you said, down today, down seventy percent year to date,

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<v Speaker 1>with eighteen percent of the float.

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<v Speaker 4>Short, Where would you like to go?

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<v Speaker 3>Signet Jewelers is where I want to go, although maybe

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<v Speaker 3>not enough people are going there.

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<v Speaker 5>Yeah, I mean, let's talk about the consumer. We've been

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<v Speaker 5>hearing about Black Friday data. There's so much what retail

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<v Speaker 5>earnings you've been getting as well. But in looking at Signet,

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<v Speaker 5>this is take our sig. We're seeing shares that are falling. Really,

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<v Speaker 5>of course, we are seeing this as the worst day

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<v Speaker 5>since April. This is after the company is essentially expressing

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<v Speaker 5>some caution as we look ahead into the holiday season,

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<v Speaker 5>which is a really key season for the company. If

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<v Speaker 5>you think about the fact that people are purchasing engagement

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<v Speaker 5>rings during that time period. As we head toward the

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<v Speaker 5>end of the year ahead of Valentine's Day next year,

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<v Speaker 5>they're saying that they expect to see some sort of

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<v Speaker 5>caution here when we think about the US consumer, despite

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<v Speaker 5>the fact that they did get earnings that were better

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<v Speaker 5>than expected. This is really what's dragging on the stock today.

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<v Speaker 3>This is the parent company of K Jewelers and Zail.

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<v Speaker 3>So you know, if you're in the market for that

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<v Speaker 3>type of jewelry, this company has a good view.

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<v Speaker 4>Do you mean that type of jewelry diamonds type of jewelry.

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<v Speaker 3>You know what I still wonder about the what's the

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<v Speaker 3>right way to talk about these.

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<v Speaker 5>Lab grown diamonds.

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<v Speaker 4>I think they're a great idea.

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<v Speaker 3>So the effect that that's having, but I don't know

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<v Speaker 3>that was before my time, like I was, you know,

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<v Speaker 3>unfortunately was stuck with a non lab grown diamond in

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<v Speaker 3>the whole engagement process. I know, I know, you know,

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<v Speaker 3>you talk to people who are a generation younger than

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<v Speaker 3>I am, and it's all about the lab grown Yeah, right.

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<v Speaker 5>Absolutely, apparently you can't even tell the difference.

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<v Speaker 4>We'll be right, they're the same thing, right, I don't know,

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<v Speaker 4>can they go as big?

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<v Speaker 5>That's a good question.

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<v Speaker 3>They go big and they are way less expensive.

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<v Speaker 4>You're way less expensive. There you go, which makes me

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<v Speaker 4>think about, you know, what really is the value of

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<v Speaker 4>these things?

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<v Speaker 3>Right?

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<v Speaker 2>I like that?

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<v Speaker 1>Like what I don't know what does it cost to

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<v Speaker 1>make a lab diamond? I guess you should assume that it's.

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<v Speaker 3>It's a very good question for this is a very

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<v Speaker 3>good question and discussion for de beers, and it's a

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<v Speaker 3>reason Whywana are having so much trouble, right ye, exactly.

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