1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,560 --> 00:00:17,959 Speaker 2: Let's take a look at some of the stocks on 5 00:00:17,960 --> 00:00:18,479 Speaker 2: the move today. 6 00:00:18,480 --> 00:00:20,000 Speaker 3: I'm holsting alongside Scarlet Fou. 7 00:00:20,280 --> 00:00:21,360 Speaker 2: We're joined by Bloombergs. 8 00:00:21,400 --> 00:00:22,480 Speaker 3: That needs as a COVIDSTA. 9 00:00:22,560 --> 00:00:24,480 Speaker 2: What are you looking at? Let's start with CBS. 10 00:00:24,600 --> 00:00:28,240 Speaker 3: CBS is up about three percent after the company raised 11 00:00:28,320 --> 00:00:31,920 Speaker 3: its full year profit forecast and said earnings would rise 12 00:00:31,920 --> 00:00:32,920 Speaker 3: in twenty twenty six. 13 00:00:33,040 --> 00:00:34,559 Speaker 2: The numbers are pretty strong. 14 00:00:34,680 --> 00:00:37,559 Speaker 3: Adjusted earnings would be as much as seven door and 15 00:00:37,680 --> 00:00:40,400 Speaker 3: twenty cents. This is higher than what the street was expecting. 16 00:00:40,680 --> 00:00:43,280 Speaker 3: The company also said it expects a profit this year 17 00:00:43,360 --> 00:00:46,040 Speaker 3: of about six dollars and sixty cents. This is a 18 00:00:46,080 --> 00:00:50,320 Speaker 3: five cent increase from its previier forecast. Overall, the outlook 19 00:00:50,320 --> 00:00:54,080 Speaker 3: suggests that CBS is navigating a pretty tough environment very well. 20 00:00:54,120 --> 00:00:58,560 Speaker 3: The company is actually up more than seventy percent here todate. 21 00:00:58,680 --> 00:01:01,200 Speaker 3: It has a new CEO that came in October twenty 22 00:01:01,200 --> 00:01:03,360 Speaker 3: twenty four, so we're seeing quite a turn around there. 23 00:01:03,520 --> 00:01:06,760 Speaker 3: Of course, the pressures are still their health insurance plans, 24 00:01:06,760 --> 00:01:11,040 Speaker 3: are facing greater government scrutiny during benefit managers are changing 25 00:01:11,040 --> 00:01:13,679 Speaker 3: their business practices. So there are so many things that 26 00:01:13,760 --> 00:01:16,680 Speaker 3: the company had to struggle this year, but very strong 27 00:01:16,760 --> 00:01:20,919 Speaker 3: day to day and off to ending a pretty pretty 28 00:01:20,920 --> 00:01:24,319 Speaker 3: strong twenty twenty fifth twenty five. What's next. Let's look 29 00:01:24,319 --> 00:01:28,480 Speaker 3: at Pepsi. The company is actually down about one percent today. 30 00:01:28,480 --> 00:01:32,400 Speaker 3: The tickory is pep It's coming off that agreement with 31 00:01:32,520 --> 00:01:36,640 Speaker 3: activist Elliott investment manager, so two big changes. 32 00:01:36,880 --> 00:01:40,240 Speaker 2: They're reducing their lineup by twenty. 33 00:01:39,959 --> 00:01:45,560 Speaker 3: Percent, lowering prices, and then there are also some language 34 00:01:45,680 --> 00:01:50,160 Speaker 3: about them pairing it workforce. Pepsi has been down this year. 35 00:01:50,800 --> 00:01:53,520 Speaker 3: There are so many trends that the company is in 36 00:01:53,560 --> 00:01:56,840 Speaker 3: the middle of. There is soft in consumer demand, rising costs, 37 00:01:57,200 --> 00:02:01,559 Speaker 3: tariff shaking investor confidence. There are many different forces wehing 38 00:02:01,600 --> 00:02:04,800 Speaker 3: on the company. Even this move to cut costs is 39 00:02:04,840 --> 00:02:08,440 Speaker 3: not helping. It's part of an early agreement with Elliott, 40 00:02:08,440 --> 00:02:11,040 Speaker 3: which we remember it's built up a five billion stake 41 00:02:11,120 --> 00:02:14,200 Speaker 3: earlier in this year. It's been working on all those changes, 42 00:02:14,200 --> 00:02:17,800 Speaker 3: but so far we're not seeing very optimistic reaction. Pepsi 43 00:02:17,840 --> 00:02:21,960 Speaker 3: has been trying to go into more fiber protein healthy drinks. Obviously, 44 00:02:22,000 --> 00:02:24,720 Speaker 3: consumers have been turning into more healthier options and Pepsy 45 00:02:24,760 --> 00:02:27,520 Speaker 3: has been trying to catch up. So far, the stock 46 00:02:27,560 --> 00:02:28,600 Speaker 3: has been struggling this year. 47 00:02:28,720 --> 00:02:30,520 Speaker 2: Yeah, we see it lower at the moment, all right. 48 00:02:30,600 --> 00:02:34,200 Speaker 3: Last one quick index effect Ours Management searched as much 49 00:02:34,240 --> 00:02:37,399 Speaker 3: as nine point four percent on the news of it's 50 00:02:37,440 --> 00:02:39,119 Speaker 3: going to be included is a S and P five 51 00:02:39,200 --> 00:02:41,840 Speaker 3: hundred ticker is ARS. 52 00:02:41,919 --> 00:02:43,560 Speaker 2: The stock is of about eight percent now. 53 00:02:44,000 --> 00:02:47,400 Speaker 3: The company will replace Kelenova, which on pringles cheese it 54 00:02:47,480 --> 00:02:52,880 Speaker 3: and all that interesting analysts analysis from Bloomberg Intelligence. Ours 55 00:02:52,880 --> 00:02:56,640 Speaker 3: addition to the SMP will boost the passive ownership toward 56 00:02:56,680 --> 00:02:57,480 Speaker 3: high teens. 57 00:02:57,800 --> 00:03:01,280 Speaker 2: Currently it's fifteen percent. We all know this is important. 58 00:03:00,840 --> 00:03:04,600 Speaker 3: And Clearity investors are excited about the increased passive ownership. 59 00:03:05,400 --> 00:03:07,880 Speaker 2: Ours is really big. It has a market position of 60 00:03:07,960 --> 00:03:09,080 Speaker 2: fifty four billion. 61 00:03:09,120 --> 00:03:10,919 Speaker 3: There are very few companies with that size that are 62 00:03:10,919 --> 00:03:12,919 Speaker 3: not part of the USMP five hundred. But Clearity of 63 00:03:12,960 --> 00:03:15,639 Speaker 3: the company is joining now and there is a big 64 00:03:15,680 --> 00:03:19,240 Speaker 3: gap between other private equity and private credit manajors and 65 00:03:19,440 --> 00:03:23,960 Speaker 3: IRIS is definitely jumping higher on the news and almost 66 00:03:24,040 --> 00:03:26,040 Speaker 3: turning posted this So far this year. 67 00:03:27,120 --> 00:03:31,120 Speaker 1: The stock mover's report from Bloomberg Radio. Check back with 68 00:03:31,240 --> 00:03:33,799 Speaker 1: us throughout the day for the latest roundup of companies 69 00:03:33,880 --> 00:03:36,960 Speaker 1: making news on Wall Street and for the latest market 70 00:03:37,000 --> 00:03:41,480 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 71 00:03:41,560 --> 00:03:45,040 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 72 00:03:45,120 --> 00:03:46,640 Speaker 1: the Bloomberg Business app.