Speaker 1: I'm Tom Keen introducing you to the new Stock Movers
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Speaker 1: of the latest episode from our team at Bloomberg.
Speaker 2: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 3: The Stock Movers podcast your roundup of companies making moves
Speaker 3: in the stock market, harnessing the power of Bloomberg Data.
Speaker 2: Well, let's take a look at some of the stocks
Speaker 2: on the move today with us as Bloomberg News Cross
Speaker 2: Asset reporter Emily Graffe. Oh, she's here in our Bloomberg
Speaker 2: BusinessWeek a studio. What is on your radar today, Emily?
Speaker 4: Okay. So it's definitely a more rotational type of day
Speaker 4: because when you look at the sector level, who were staples, Utilities, energies,
Speaker 4: those are the sectors that are outperforming, whereas infotech is
Speaker 4: one of the worst performers in the SP five hundred.
Speaker 4: When you look under the hood, I'm watching Maderna, it's
Speaker 4: down over seven percent to the lowest level since March
Speaker 4: twenty twenty, which is never a good no.
Speaker 2: I remember, and that was for the news that you know,
Speaker 2: you got one of the shots working for the COVID.
Speaker 4: Vaccine right right, So that stock is down thirty percent
Speaker 4: year to date. Specifically today, we have a number of
Speaker 4: vaccine makers falling after a top regulator at the USFDA left,
Speaker 4: which is I guess casting uncertainty about the future of vaccines,
Speaker 4: the future of regulation. The regulator was Peter Marx, and
Speaker 4: he was overseeing the review and approval of vaccines and
Speaker 4: other medications. He actually cited friction with the views of
Speaker 4: Robert F. Kennedy Junior. Wall Street is saying this is
Speaker 4: kind of grading uncertainty and it's a significant negative for
Speaker 4: biotech and biopharma at least according to BMO Capital Markets.
Speaker 4: Those analysts said in the notes were positive on the
Speaker 4: confirmation of this new FDA commissioner, but politicization of the
Speaker 4: FDA runs counter to the agency's mission. But the stock
Speaker 4: is down a lot, maybe a little bit of just
Speaker 4: again fear and uncertainty about this regime change at the FDA.
Speaker 5: Interesting in biotechs and looking at the spider s and
Speaker 5: p biotech ETF down about four percent. So, I mean,
Speaker 5: Maderna really taking it on the chin. But it's the
Speaker 5: group overall, right, a little bit nervous.
Speaker 4: Yeah, that's right. I'm also watching shares of Celsius Holdings,
Speaker 4: the energy drink maker, going in the other direction, going
Speaker 4: in the other direction. So right now it's up about
Speaker 4: seven percent, called six percent highest. It did hit its
Speaker 4: highest level since September though, after an upgrade from Truerst Securities.
Speaker 4: Their rationale for this was this caught my eye, So
Speaker 4: they said they upgraded the stock from buy to hold,
Speaker 4: saying that the company is now going to have a
Speaker 4: stronger position in the women's segment of the energy drink category.
Speaker 5: Why are you looking at me?
Speaker 3: I don't know.
Speaker 4: I don't know.
Speaker 3: I mean you're a woman, I'm a woman.
Speaker 2: Do you drink this stuff? I just wonder.
Speaker 4: So they acquired a Lani new which is an energy
Speaker 4: drink brand. I never heard of it. I googled it.
Speaker 4: The cans are pink. They had partnered with Kim Kardashian
Speaker 4: a couple of years ago.
Speaker 5: Will be that easy that just because it's a pink can,
Speaker 5: we're going to drink it. I'm just going to.
Speaker 3: Tell you no.
Speaker 4: Yeah, I don't know. Anyway, though the stock is higher,
Speaker 4: and it seems like this upgrade in this Wall Street
Speaker 4: note is the reason why, or there's you know, some
Speaker 4: correlation here but.
Speaker 5: Extent really well, this year, that's like thirty five percent.
Speaker 4: A lot of people drink Celsius. I mean I see
Speaker 4: men and women. I don't, but like I see every
Speaker 4: flavor at my local bodega, and I do see both
Speaker 4: people drinking, men and women drink.
Speaker 2: Okay, this year you said what thirty something thirty five
Speaker 2: percent down fifty Last year that said that said it
Speaker 2: was up fifty seven, twenty three, thirty nine percent in
Speaker 2: twenty two, and then you go back to twenty two
Speaker 2: twenty it was up close at nine hunty percent.
Speaker 4: So yeah, this is like a I mean, I guess
Speaker 4: if you're trying to make a new energy drink brand,
Speaker 4: the legacy ones, Red Bull Monster, I mean they are
Speaker 4: pretty masculine, so.
Speaker 5: You're branching out, right, they're branching out. Yes, stock I
Speaker 5: should say is almost twenty percent or twenty percent of
Speaker 5: the float is shorted, so there's you know, there's some
Speaker 5: negative tone there.
Speaker 2: I know there is an IPO on your Radar Today.
Speaker 4: Okay, news Max, I can't like not bring this up
Speaker 4: because the stock has skyrocketed. This company IPO today moved
Speaker 4: as much as six hundred eighty three percent higher in
Speaker 4: the debut session. This is a conservative media outlet. People
Speaker 4: want the shares. I guess it's it's reached a good
Speaker 4: today IPO. Well, it's I mean, it's kind of hard
Speaker 4: to deal. At least if you look at Bloomberg News's coverage,
Speaker 4: there could be some retail buying in the stock. It
Speaker 4: has kind of been moving around though it was halted
Speaker 4: for trading for volatility, Yeah, which is what you would
Speaker 4: expect if a stock moves up over six hundred percent.
Speaker 5: I mean I did at ten right, opened at fourteen,
Speaker 5: and it's now at sixty six and change. It's it's
Speaker 5: really kind of interesting to track on the Bloomberg right
Speaker 5: because it's kind of this when.
Speaker 2: It's seventy eight dollars.
Speaker 5: It's pretty wild dollar marketing right now.
Speaker 2: So so you know, the message I think maybe for
Speaker 2: the folks who did this IPO is there was so
Speaker 2: much demand, maybe they left some money on the table
Speaker 2: pricing it.
Speaker 4: Could have priced it higher if you look at what
Speaker 4: Bloomberg's Bailey lip Schultz has written today he's our IPO reporter.
Speaker 4: He said, individual investors appear to be pushing into the stock.
Speaker 4: The company is among the thirty most actively traded on
Speaker 4: Fidelities platform, which is one of the biggest brokerages for
Speaker 4: retail clients.
Speaker 5: And I don't think it's making any money. I guess
Speaker 5: we'll have to wait and see our mania for a
Speaker 5: loss making cable public company. Yeah right, so we'll wait.
Speaker 5: So that first earnings is that firstly interesting?
Speaker 2: Everyone knows media is that it's a business.
Speaker 3: Of course, look at us, a.
Speaker 5: Good bunch of stocks. Thank you so much, really appreciate it.
Speaker 5: Bloomberg News crossouse At reporter Emily.
Speaker 3: Graffeo the Stock Movers podcast from Bloomberg Radio. Check back
Speaker 3: with us throughout the day for the latest roundup of
Speaker 3: companies making news on Wall Street and for the latest
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