WEBVTT - The Stock Movers Podcast from Bloomberg

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<v Speaker 1>I'm Tom Keen introducing you to the new Stock Movers

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<v Speaker 1>podcast from Bloomberg. The show brings you short episodes five

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<v Speaker 1>minutes or less, covering the stocks making gains and losses

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<v Speaker 1>in today's training. Subscribe to Stock Movers on Apple, on Spotify,

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<v Speaker 1>or anywhere you get your podcasts. Now. Here's a sample

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<v Speaker 1>of the latest episode from our team at Bloomberg.

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<v Speaker 2>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 3>The Stock Movers podcast your roundup of companies making moves

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<v Speaker 3>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 2>Well, let's take a look at some of the stocks

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<v Speaker 2>on the move today with us as Bloomberg News Cross

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<v Speaker 2>Asset reporter Emily Graffe. Oh, she's here in our Bloomberg

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<v Speaker 2>BusinessWeek a studio. What is on your radar today, Emily?

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<v Speaker 4>Okay. So it's definitely a more rotational type of day

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<v Speaker 4>because when you look at the sector level, who were staples, Utilities, energies,

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<v Speaker 4>those are the sectors that are outperforming, whereas infotech is

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<v Speaker 4>one of the worst performers in the SP five hundred.

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<v Speaker 4>When you look under the hood, I'm watching Maderna, it's

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<v Speaker 4>down over seven percent to the lowest level since March

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<v Speaker 4>twenty twenty, which is never a good no.

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<v Speaker 2>I remember, and that was for the news that you know,

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<v Speaker 2>you got one of the shots working for the COVID.

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<v Speaker 4>Vaccine right right, So that stock is down thirty percent

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<v Speaker 4>year to date. Specifically today, we have a number of

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<v Speaker 4>vaccine makers falling after a top regulator at the USFDA left,

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<v Speaker 4>which is I guess casting uncertainty about the future of vaccines,

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<v Speaker 4>the future of regulation. The regulator was Peter Marx, and

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<v Speaker 4>he was overseeing the review and approval of vaccines and

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<v Speaker 4>other medications. He actually cited friction with the views of

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<v Speaker 4>Robert F. Kennedy Junior. Wall Street is saying this is

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<v Speaker 4>kind of grading uncertainty and it's a significant negative for

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<v Speaker 4>biotech and biopharma at least according to BMO Capital Markets.

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<v Speaker 4>Those analysts said in the notes were positive on the

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<v Speaker 4>confirmation of this new FDA commissioner, but politicization of the

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<v Speaker 4>FDA runs counter to the agency's mission. But the stock

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<v Speaker 4>is down a lot, maybe a little bit of just

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<v Speaker 4>again fear and uncertainty about this regime change at the FDA.

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<v Speaker 5>Interesting in biotechs and looking at the spider s and

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<v Speaker 5>p biotech ETF down about four percent. So, I mean,

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<v Speaker 5>Maderna really taking it on the chin. But it's the

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<v Speaker 5>group overall, right, a little bit nervous.

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<v Speaker 4>Yeah, that's right. I'm also watching shares of Celsius Holdings,

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<v Speaker 4>the energy drink maker, going in the other direction, going

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<v Speaker 4>in the other direction. So right now it's up about

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<v Speaker 4>seven percent, called six percent highest. It did hit its

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<v Speaker 4>highest level since September though, after an upgrade from Truerst Securities.

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<v Speaker 4>Their rationale for this was this caught my eye, So

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<v Speaker 4>they said they upgraded the stock from buy to hold,

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<v Speaker 4>saying that the company is now going to have a

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<v Speaker 4>stronger position in the women's segment of the energy drink category.

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<v Speaker 5>Why are you looking at me?

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<v Speaker 3>I don't know.

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<v Speaker 4>I don't know.

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<v Speaker 3>I mean you're a woman, I'm a woman.

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<v Speaker 2>Do you drink this stuff? I just wonder.

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<v Speaker 4>So they acquired a Lani new which is an energy

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<v Speaker 4>drink brand. I never heard of it. I googled it.

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<v Speaker 4>The cans are pink. They had partnered with Kim Kardashian

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<v Speaker 4>a couple of years ago.

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<v Speaker 5>Will be that easy that just because it's a pink can,

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<v Speaker 5>we're going to drink it. I'm just going to.

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<v Speaker 3>Tell you no.

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<v Speaker 4>Yeah, I don't know. Anyway, though the stock is higher,

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<v Speaker 4>and it seems like this upgrade in this Wall Street

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<v Speaker 4>note is the reason why, or there's you know, some

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<v Speaker 4>correlation here but.

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<v Speaker 5>Extent really well, this year, that's like thirty five percent.

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<v Speaker 4>A lot of people drink Celsius. I mean I see

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<v Speaker 4>men and women. I don't, but like I see every

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<v Speaker 4>flavor at my local bodega, and I do see both

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<v Speaker 4>people drinking, men and women drink.

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<v Speaker 2>Okay, this year you said what thirty something thirty five

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<v Speaker 2>percent down fifty Last year that said that said it

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<v Speaker 2>was up fifty seven, twenty three, thirty nine percent in

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<v Speaker 2>twenty two, and then you go back to twenty two

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<v Speaker 2>twenty it was up close at nine hunty percent.

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<v Speaker 4>So yeah, this is like a I mean, I guess

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<v Speaker 4>if you're trying to make a new energy drink brand,

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<v Speaker 4>the legacy ones, Red Bull Monster, I mean they are

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<v Speaker 4>pretty masculine, so.

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<v Speaker 5>You're branching out, right, they're branching out. Yes, stock I

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<v Speaker 5>should say is almost twenty percent or twenty percent of

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<v Speaker 5>the float is shorted, so there's you know, there's some

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<v Speaker 5>negative tone there.

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<v Speaker 2>I know there is an IPO on your Radar Today.

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<v Speaker 4>Okay, news Max, I can't like not bring this up

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<v Speaker 4>because the stock has skyrocketed. This company IPO today moved

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<v Speaker 4>as much as six hundred eighty three percent higher in

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<v Speaker 4>the debut session. This is a conservative media outlet. People

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<v Speaker 4>want the shares. I guess it's it's reached a good

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<v Speaker 4>today IPO. Well, it's I mean, it's kind of hard

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<v Speaker 4>to deal. At least if you look at Bloomberg News's coverage,

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<v Speaker 4>there could be some retail buying in the stock. It

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<v Speaker 4>has kind of been moving around though it was halted

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<v Speaker 4>for trading for volatility, Yeah, which is what you would

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<v Speaker 4>expect if a stock moves up over six hundred percent.

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<v Speaker 5>I mean I did at ten right, opened at fourteen,

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<v Speaker 5>and it's now at sixty six and change. It's it's

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<v Speaker 5>really kind of interesting to track on the Bloomberg right

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<v Speaker 5>because it's kind of this when.

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<v Speaker 2>It's seventy eight dollars.

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<v Speaker 5>It's pretty wild dollar marketing right now.

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<v Speaker 2>So so you know, the message I think maybe for

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<v Speaker 2>the folks who did this IPO is there was so

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<v Speaker 2>much demand, maybe they left some money on the table

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<v Speaker 2>pricing it.

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<v Speaker 4>Could have priced it higher if you look at what

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<v Speaker 4>Bloomberg's Bailey lip Schultz has written today he's our IPO reporter.

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<v Speaker 4>He said, individual investors appear to be pushing into the stock.

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<v Speaker 4>The company is among the thirty most actively traded on

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<v Speaker 4>Fidelities platform, which is one of the biggest brokerages for

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<v Speaker 4>retail clients.

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<v Speaker 5>And I don't think it's making any money. I guess

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<v Speaker 5>we'll have to wait and see our mania for a

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<v Speaker 5>loss making cable public company. Yeah right, so we'll wait.

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<v Speaker 5>So that first earnings is that firstly interesting?

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<v Speaker 2>Everyone knows media is that it's a business.

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<v Speaker 3>Of course, look at us, a.

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<v Speaker 5>Good bunch of stocks. Thank you so much, really appreciate it.

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<v Speaker 5>Bloomberg News crossouse At reporter Emily.

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<v Speaker 3>Graffeo the Stock Movers podcast from Bloomberg Radio. Check back

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<v Speaker 3>with us throughout the day for the latest roundup of

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<v Speaker 3>companies making news on Wall Street and for the latest

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<v Speaker 3>market moving headlines. Listen to Bloomberg Radio Live, catch us

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