Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: On Tims Doanebek along with Carol Massler, Let's take a
Speaker 1: look at some stocks on the move today with us
Speaker 1: as Bloomberg News equity supporter Avalon Parnell. How are you good, Harry,
Speaker 1: you all we're doing well. A lot to choose from today,
Speaker 1: ye skin of funny trade.
Speaker 3: Even know the overall markets were mellow, there were some
Speaker 3: stocks that moved up and down a lot.
Speaker 4: Yes, no, healthcare is really busy today. We can start
Speaker 4: off with Compass Pathways, So I'm not sure if you
Speaker 4: know about the stock, but those yeares jumped as much
Speaker 4: as fifty one percent today. It actually helped the stock
Speaker 4: turn positive this year before it was down around sixteen percent,
Speaker 4: and it's all because of some good data. Compas is
Speaker 4: one of the leading psychedelic drug companies currently out and
Speaker 4: they release some positive data for its psilocybin based mental
Speaker 4: health treatment and the drug met all of the key goals.
Speaker 4: So we'll see what happens next because they still have
Speaker 4: a couple of hoops to jump through with the FDA.
Speaker 4: But it's a good sign.
Speaker 3: This is the one.
Speaker 1: Haven't we talked to them?
Speaker 2: Yeah?
Speaker 1: We have, And I would say I have a friend
Speaker 1: who works in this industry. She is a health care
Speaker 1: provider and she started out as a nurse and now
Speaker 1: she's a nurse practitioner who just focuses on mental health
Speaker 1: treatment with these types of medications.
Speaker 3: She swears by it the game changer. Right, Yeah, yeah,
Speaker 3: I think these are the kinds of thing they're thinking too,
Speaker 3: for addictions and so on and so forth. But it's been
Speaker 3: a long journey, so this is another big step forward.
Speaker 3: So all right, take your CMPs. And as you said,
Speaker 3: quite a big move in the share price today, up
Speaker 3: about thirty one percent. All right, what's next?
Speaker 4: Yeah, what's next would be Masimo, that's tick her MASI.
Speaker 4: That stock also soared about thirty five percent today after
Speaker 4: Dana Hare agreed to buy the firm for one hundred
Speaker 4: and eighty dollars per share. And what I found to
Speaker 4: be kind of interesting about this is that dana Hare
Speaker 4: is actually more of a diagnostics firm, but Masimo is
Speaker 4: a medtech company, and so analysts see this as a
Speaker 4: moved closer towards medtech, just so that it's a more
Speaker 4: defensive area of healthcare, especially considering Dana Harri has been
Speaker 4: hit pretty hard by cuts in healthcare funding, especially from
Speaker 4: n h grants, so this could be a good move
Speaker 4: in the right direction for them.
Speaker 3: Yeah, I feel like healthcare right in all its iterations,
Speaker 3: like there's still a lot of movement and like link
Speaker 3: ups and so on.
Speaker 1: Well, and I think people would be familiar with Masimo
Speaker 1: Corporation because of the Apple headlines from earlier, from last year,
Speaker 1: the year before the court settlement that happened a few
Speaker 1: months ago, So it was fun. It was kind of
Speaker 1: interesting to see that headline out there today. Goods company
Speaker 1: has been like a David and Goliath story.
Speaker 3: So definitely one of my gainers was earlier too, so Masi,
Speaker 3: as you said, definitely on the move here and no
Speaker 3: surprise as a target of an m and a deal
Speaker 3: that went up about thirty four percent.
Speaker 1: Okay, what's another one.
Speaker 4: Yeah, we can end up with Nvidia, which jumped nearly
Speaker 4: two percent and post market trading after Meta said it
Speaker 4: plans to deploy millions of its chips over the next
Speaker 4: few years. I kind of found this one also to
Speaker 4: be interesting since the two companies aren't putting an exact
Speaker 4: dollar figure on the commitment, but it is another example
Speaker 4: of how we're seeing big tech continue to push further
Speaker 4: into the chip space and really making continued investments in AI.
Speaker 3: Well the circular financing or the whiteboard like continuing. But
Speaker 3: it is you know, this is where you kind of
Speaker 3: continue to see the demand, right, and it just kind
Speaker 3: of feeds into it in a big way.
Speaker 1: And Vidia shares up by more than one percent after
Speaker 1: hours as we speak in the company out with earnings
Speaker 1: next Wednesday, I believe after market that's the last of
Speaker 1: the mag seven to report.
Speaker 2: Yeah.
Speaker 3: I think it's also interesting, right, this loyalty, right, these relationships,
Speaker 3: because you do see that there are maybe some companies
Speaker 3: maybe looking elsewhere or could there be at some point
Speaker 3: some competition to Nvidia. They definitely have the first mover
Speaker 3: advantage at this point. But to see Nvideo and Metas
Speaker 3: link up, that's it's an important one.
Speaker 1: Do we have time to talk about cheerios?
Speaker 2: Oh?
Speaker 3: Can we go there?
Speaker 4: We could definitely get there.
Speaker 5: So from chips to chips to Carol's lunch. Now it's
Speaker 5: part of my breakfast, Oh breakfast, peanuts are my lunch.
Speaker 5: It's so lunch, breakfast and lunch of champions. Let's talk
Speaker 5: about General Mills.
Speaker 4: Yes, yes, yes, gis General Mills. It was down about
Speaker 4: seven percent into the close after the company reported less
Speaker 4: than expected to say news. The consumers are still continued
Speaker 4: to be stressed, and they're not really going after these
Speaker 4: consumer goods that you could just get across the counter.
Speaker 4: They are sinking on that news.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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Speaker 2: making news on Wall Street and for the latest market
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