WEBVTT - Compass Pathways, Masimo Spike; General Mills Falls

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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 1>On Tims Doanebek along with Carol Massler, Let's take a

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<v Speaker 1>look at some stocks on the move today with us

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<v Speaker 1>as Bloomberg News equity supporter Avalon Parnell. How are you good, Harry,

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<v Speaker 1>you all we're doing well. A lot to choose from today,

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<v Speaker 1>ye skin of funny trade.

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<v Speaker 3>Even know the overall markets were mellow, there were some

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<v Speaker 3>stocks that moved up and down a lot.

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<v Speaker 4>Yes, no, healthcare is really busy today. We can start

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<v Speaker 4>off with Compass Pathways, So I'm not sure if you

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<v Speaker 4>know about the stock, but those yeares jumped as much

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<v Speaker 4>as fifty one percent today. It actually helped the stock

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<v Speaker 4>turn positive this year before it was down around sixteen percent,

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<v Speaker 4>and it's all because of some good data. Compas is

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<v Speaker 4>one of the leading psychedelic drug companies currently out and

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<v Speaker 4>they release some positive data for its psilocybin based mental

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<v Speaker 4>health treatment and the drug met all of the key goals.

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<v Speaker 4>So we'll see what happens next because they still have

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<v Speaker 4>a couple of hoops to jump through with the FDA.

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<v Speaker 4>But it's a good sign.

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<v Speaker 3>This is the one.

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<v Speaker 1>Haven't we talked to them?

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<v Speaker 2>Yeah?

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<v Speaker 1>We have, And I would say I have a friend

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<v Speaker 1>who works in this industry. She is a health care

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<v Speaker 1>provider and she started out as a nurse and now

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<v Speaker 1>she's a nurse practitioner who just focuses on mental health

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<v Speaker 1>treatment with these types of medications.

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<v Speaker 3>She swears by it the game changer. Right, Yeah, yeah,

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<v Speaker 3>I think these are the kinds of thing they're thinking too,

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<v Speaker 3>for addictions and so on and so forth. But it's been

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<v Speaker 3>a long journey, so this is another big step forward.

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<v Speaker 3>So all right, take your CMPs. And as you said,

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<v Speaker 3>quite a big move in the share price today, up

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<v Speaker 3>about thirty one percent. All right, what's next?

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<v Speaker 4>Yeah, what's next would be Masimo, that's tick her MASI.

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<v Speaker 4>That stock also soared about thirty five percent today after

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<v Speaker 4>Dana Hare agreed to buy the firm for one hundred

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<v Speaker 4>and eighty dollars per share. And what I found to

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<v Speaker 4>be kind of interesting about this is that dana Hare

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<v Speaker 4>is actually more of a diagnostics firm, but Masimo is

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<v Speaker 4>a medtech company, and so analysts see this as a

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<v Speaker 4>moved closer towards medtech, just so that it's a more

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<v Speaker 4>defensive area of healthcare, especially considering Dana Harri has been

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<v Speaker 4>hit pretty hard by cuts in healthcare funding, especially from

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<v Speaker 4>n h grants, so this could be a good move

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<v Speaker 4>in the right direction for them.

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<v Speaker 3>Yeah, I feel like healthcare right in all its iterations,

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<v Speaker 3>like there's still a lot of movement and like link

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<v Speaker 3>ups and so on.

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<v Speaker 1>Well, and I think people would be familiar with Masimo

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<v Speaker 1>Corporation because of the Apple headlines from earlier, from last year,

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<v Speaker 1>the year before the court settlement that happened a few

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<v Speaker 1>months ago, So it was fun. It was kind of

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<v Speaker 1>interesting to see that headline out there today. Goods company

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<v Speaker 1>has been like a David and Goliath story.

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<v Speaker 3>So definitely one of my gainers was earlier too, so Masi,

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<v Speaker 3>as you said, definitely on the move here and no

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<v Speaker 3>surprise as a target of an m and a deal

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<v Speaker 3>that went up about thirty four percent.

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<v Speaker 1>Okay, what's another one.

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<v Speaker 4>Yeah, we can end up with Nvidia, which jumped nearly

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<v Speaker 4>two percent and post market trading after Meta said it

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<v Speaker 4>plans to deploy millions of its chips over the next

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<v Speaker 4>few years. I kind of found this one also to

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<v Speaker 4>be interesting since the two companies aren't putting an exact

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<v Speaker 4>dollar figure on the commitment, but it is another example

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<v Speaker 4>of how we're seeing big tech continue to push further

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<v Speaker 4>into the chip space and really making continued investments in AI.

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<v Speaker 3>Well the circular financing or the whiteboard like continuing. But

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<v Speaker 3>it is you know, this is where you kind of

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<v Speaker 3>continue to see the demand, right, and it just kind

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<v Speaker 3>of feeds into it in a big way.

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<v Speaker 1>And Vidia shares up by more than one percent after

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<v Speaker 1>hours as we speak in the company out with earnings

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<v Speaker 1>next Wednesday, I believe after market that's the last of

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<v Speaker 1>the mag seven to report.

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<v Speaker 2>Yeah.

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<v Speaker 3>I think it's also interesting, right, this loyalty, right, these relationships,

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<v Speaker 3>because you do see that there are maybe some companies

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<v Speaker 3>maybe looking elsewhere or could there be at some point

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<v Speaker 3>some competition to Nvidia. They definitely have the first mover

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<v Speaker 3>advantage at this point. But to see Nvideo and Metas

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<v Speaker 3>link up, that's it's an important one.

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<v Speaker 1>Do we have time to talk about cheerios?

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<v Speaker 2>Oh?

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<v Speaker 3>Can we go there?

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<v Speaker 4>We could definitely get there.

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<v Speaker 5>So from chips to chips to Carol's lunch. Now it's

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<v Speaker 5>part of my breakfast, Oh breakfast, peanuts are my lunch.

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<v Speaker 5>It's so lunch, breakfast and lunch of champions. Let's talk

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<v Speaker 5>about General Mills.

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<v Speaker 4>Yes, yes, yes, gis General Mills. It was down about

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<v Speaker 4>seven percent into the close after the company reported less

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<v Speaker 4>than expected to say news. The consumers are still continued

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<v Speaker 4>to be stressed, and they're not really going after these

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<v Speaker 4>consumer goods that you could just get across the counter.

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<v Speaker 4>They are sinking on that news.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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