1 00:00:02,520 --> 00:00:07,040 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 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,640 --> 00:00:18,560 Speaker 3: Just take a look some of the stock movers on 5 00:00:18,880 --> 00:00:21,840 Speaker 3: the day. Here, we're joined by Bloomers. Isabelle is about 6 00:00:21,840 --> 00:00:22,680 Speaker 3: what are you looking at today? 7 00:00:22,920 --> 00:00:25,959 Speaker 1: We're looking at Expedia ticker EXPE. But I want to 8 00:00:25,960 --> 00:00:29,720 Speaker 1: throw an Instacart there, ticker art because both shares are 9 00:00:29,760 --> 00:00:32,120 Speaker 1: in degree, with Expedia up by more than one percent 10 00:00:32,520 --> 00:00:35,519 Speaker 1: Instacart up by more than four percent. That's after Jeffries 11 00:00:35,600 --> 00:00:38,080 Speaker 1: upgraded both to buy the firms that a pullback on 12 00:00:38,120 --> 00:00:41,080 Speaker 1: concerns of AI would mean that there's a good buying 13 00:00:41,080 --> 00:00:44,400 Speaker 1: opportunity for both shares. So the two stocks are poised 14 00:00:44,400 --> 00:00:48,080 Speaker 1: for upgrades to consentus estimates trade at notable evaluation discounts 15 00:00:48,080 --> 00:00:51,520 Speaker 1: when adjusted for growth and unless exposed to geopolitical risks. 16 00:00:51,560 --> 00:00:54,240 Speaker 1: So Expedia can continue to grow EPs by twenty percent 17 00:00:54,280 --> 00:00:57,240 Speaker 1: per ADAM in the next three years and Intacart should 18 00:00:57,240 --> 00:01:00,440 Speaker 1: see at least mid teens EPs growth going forward. So 19 00:01:00,680 --> 00:01:03,520 Speaker 1: both those docks are seeing a huge jump today and 20 00:01:03,560 --> 00:01:05,240 Speaker 1: they're green, and. 21 00:01:05,200 --> 00:01:07,200 Speaker 3: They're green all right, let's talk about some M and 22 00:01:07,240 --> 00:01:09,319 Speaker 3: A because it is Monday, m Anda. 23 00:01:09,440 --> 00:01:12,680 Speaker 1: So this is Cisco ticker SYY. It's not the Cisco 24 00:01:12,800 --> 00:01:16,679 Speaker 1: cis CEO. It's food company Sycso, yes, it's a food company. 25 00:01:16,720 --> 00:01:19,840 Speaker 1: They supply food to restaurants, hospitals, and schools and have 26 00:01:19,880 --> 00:01:22,360 Speaker 1: a market value of at least forty billion dollars, which 27 00:01:22,440 --> 00:01:25,400 Speaker 1: is interesting because I don't think I've heard of the Cisco, 28 00:01:25,440 --> 00:01:27,240 Speaker 1: but I guess it's one of those companies that are 29 00:01:27,520 --> 00:01:28,720 Speaker 1: very valuable on the back end. 30 00:01:28,720 --> 00:01:31,520 Speaker 3: You see the trucks all around, oh okay, and they 31 00:01:31,560 --> 00:01:33,520 Speaker 3: just park and then then they walk and they deliver 32 00:01:33,560 --> 00:01:35,639 Speaker 3: all the stuff. Okay, fronts within like two block radius, 33 00:01:35,640 --> 00:01:37,680 Speaker 3: and I haven't heard the company they're buying those. 34 00:01:37,959 --> 00:01:40,000 Speaker 1: Yes, I'm in the Grammy subway, so maybe that's why 35 00:01:40,000 --> 00:01:42,720 Speaker 1: I don't see trucks, but yes, they're buying. So they 36 00:01:42,760 --> 00:01:45,560 Speaker 1: agreed to buy privately held Jetro Restaurant for twenty nine 37 00:01:45,560 --> 00:01:48,000 Speaker 1: point one billion dollars. So this is a cash and 38 00:01:48,040 --> 00:01:51,120 Speaker 1: carry wholesaler and they serve around seven hundred thousand smaller 39 00:01:51,160 --> 00:01:53,760 Speaker 1: restaurant owners and food service operators, so I guess it 40 00:01:53,840 --> 00:01:55,400 Speaker 1: makes sense. It's kind of the same yeah. 41 00:01:55,560 --> 00:01:57,720 Speaker 3: I feel like I've gone past the restaurant depot before 42 00:01:57,760 --> 00:02:00,280 Speaker 3: in the past, so I think it's in Brooklyn if 43 00:02:00,280 --> 00:02:03,000 Speaker 3: I'm remembering correctly. Well, what's interesting is this seller, this 44 00:02:03,040 --> 00:02:06,040 Speaker 3: company that's being acquired privately held. Yeah, so here's a 45 00:02:06,160 --> 00:02:07,920 Speaker 3: privately held company. He's going to get it. What is 46 00:02:07,960 --> 00:02:11,000 Speaker 3: it twenty nine to thirty billion dollars pay day, Yeah. 47 00:02:10,919 --> 00:02:14,920 Speaker 1: Thirty nine billion dollars. And the financing would help, would 48 00:02:14,960 --> 00:02:17,720 Speaker 1: help them their credit ratings for once. Sisco said it's 49 00:02:17,720 --> 00:02:21,960 Speaker 1: pausing its Sherby purchase program to prioritize reducing leverage following 50 00:02:21,960 --> 00:02:24,960 Speaker 1: the acquisition. It's the largest cash and carry wholesaler in 51 00:02:25,000 --> 00:02:27,360 Speaker 1: the US. That's jet Thro so again. 52 00:02:27,560 --> 00:02:31,760 Speaker 3: And investment bankers. We got JP Morgan doing some financing. 53 00:02:31,760 --> 00:02:35,359 Speaker 3: We got acquired advised by Goldman Sachs and TD Securities, 54 00:02:35,639 --> 00:02:39,359 Speaker 3: and the seller's being advised by Evercorp. Again, another boutique 55 00:02:39,360 --> 00:02:41,519 Speaker 3: investment bank getting paid big time of a big deal. 56 00:02:41,639 --> 00:02:45,600 Speaker 1: And Jetro was founded in nineteen seventy six by Nathan Kirsch. 57 00:02:45,600 --> 00:02:47,200 Speaker 1: He's a South African billionaire. 58 00:02:47,360 --> 00:02:48,160 Speaker 3: Awesome, good for him. 59 00:02:48,160 --> 00:02:50,280 Speaker 2: It's five sixty six Hamilton Avenue in Brooklyn. 60 00:02:50,280 --> 00:02:53,320 Speaker 3: There's also one in Jersey City, Paul Okay on Amity Road. 61 00:02:53,919 --> 00:02:56,200 Speaker 2: Yeah, in the industrial parts of town. 62 00:02:56,440 --> 00:02:59,000 Speaker 3: Essentially got it one more. What do you got for us? 63 00:02:59,440 --> 00:03:04,000 Speaker 1: Very Therapeutics Kicker VRDN stock is down more than thirty percent. 64 00:03:04,040 --> 00:03:06,040 Speaker 1: It paired by some of those losses, but still it's 65 00:03:06,040 --> 00:03:09,280 Speaker 1: down thirty four percent. This is again after clinical trial 66 00:03:09,320 --> 00:03:13,120 Speaker 1: and active thyroid eye diseases. They announced those results, but 67 00:03:13,600 --> 00:03:17,079 Speaker 1: it felt because the drug developer gave efficacy data from 68 00:03:17,120 --> 00:03:20,639 Speaker 1: a late stage trial of its experiment, experimental therapy that 69 00:03:20,760 --> 00:03:23,400 Speaker 1: fell short of expectations. Again, we talk about all these 70 00:03:23,400 --> 00:03:27,040 Speaker 1: biotech companies and they swing big gains and big losses 71 00:03:27,080 --> 00:03:30,080 Speaker 1: depending on the outcome. But for that, for now, it's 72 00:03:30,120 --> 00:03:33,360 Speaker 1: not looking so great for them. We have Jefferys those 73 00:03:33,360 --> 00:03:34,800 Speaker 1: still maintaining a by rating. 74 00:03:35,320 --> 00:03:39,960 Speaker 2: So there's that the Stock mover's report from Bloomberg Radio. 75 00:03:40,440 --> 00:03:42,600 Speaker 2: Check back with us throughout the day for the latest 76 00:03:42,640 --> 00:03:45,840 Speaker 2: roundup of companies making news on Wall Street and for 77 00:03:45,960 --> 00:03:49,880 Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live, 78 00:03:50,280 --> 00:03:53,880 Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay 79 00:03:53,920 --> 00:03:56,520 Speaker 2: and Android Auto with the Bloomberg Business app.