1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,080 Speaker 2: in the stock market, harnessing the power of Bloomberg. 4 00:00:15,600 --> 00:00:17,919 Speaker 3: Data to look at some of the stocks on the 5 00:00:17,960 --> 00:00:23,040 Speaker 3: move today. We're joined by Bloomberg's Equities reporter Bailey Lipschoaltz Billy, 6 00:00:23,040 --> 00:00:23,799 Speaker 3: what are you looking at today? 7 00:00:23,800 --> 00:00:25,280 Speaker 1: I want to start with the best performer in the 8 00:00:25,360 --> 00:00:27,639 Speaker 1: S and P five hundred. That is, none are other 9 00:00:27,720 --> 00:00:31,880 Speaker 1: than Garmin, Tick or gr MN, mostly well known for 10 00:00:31,960 --> 00:00:35,080 Speaker 1: their smart watches, competitors to Apple Apple Watches. I'm an 11 00:00:35,120 --> 00:00:37,239 Speaker 1: Apple Watch user, though they do have some products for 12 00:00:37,240 --> 00:00:38,199 Speaker 1: sports and fitness. 13 00:00:38,560 --> 00:00:40,760 Speaker 4: Car one of time it was the GPS, Yes, it 14 00:00:40,960 --> 00:00:42,040 Speaker 4: was the GPS firm. 15 00:00:42,120 --> 00:00:45,839 Speaker 1: Then they re kind of invigorated themselves. They actually kind 16 00:00:45,880 --> 00:00:49,640 Speaker 1: of do have a broader suite of platform products, ranging 17 00:00:49,760 --> 00:00:54,400 Speaker 1: from workout products to things that operate with marines, so 18 00:00:54,520 --> 00:00:56,200 Speaker 1: like if you are on a boat, you use that 19 00:00:56,280 --> 00:00:58,840 Speaker 1: to help kind of steer find out where you are. 20 00:00:59,000 --> 00:01:02,720 Speaker 1: GPS except et cetera. Soccer right now up sixteen percent, 21 00:01:02,760 --> 00:01:05,240 Speaker 1: so best performing the SP five hundred, biggest jump on 22 00:01:05,280 --> 00:01:09,000 Speaker 1: an intra day basis since October twenty twenty four, beating 23 00:01:09,080 --> 00:01:11,720 Speaker 1: estimates on the top and bottom line, introducing a guidance 24 00:01:11,720 --> 00:01:14,640 Speaker 1: well above Wall Street. As I had mentioned, they have 25 00:01:14,640 --> 00:01:18,600 Speaker 1: a number of suites, so fitness net sales beat expectations, 26 00:01:18,600 --> 00:01:21,360 Speaker 1: as did their outdoor unit, same with aviation and marine. 27 00:01:21,360 --> 00:01:26,480 Speaker 1: They also have auto sales products as well, which beat expectations. 28 00:01:26,480 --> 00:01:30,440 Speaker 1: So really kind of every business unit performing relative to 29 00:01:30,440 --> 00:01:31,479 Speaker 1: what Wall Street was looking for. 30 00:01:32,240 --> 00:01:35,440 Speaker 4: All right, second company on your radar, This is for you, Scarlett, 31 00:01:36,000 --> 00:01:39,200 Speaker 4: because you are wearing the yes, the jacket I wear 32 00:01:39,280 --> 00:01:39,880 Speaker 4: these most days. 33 00:01:39,920 --> 00:01:40,240 Speaker 2: Tho too. 34 00:01:40,319 --> 00:01:43,720 Speaker 1: Okay, okay, it is there. It is exactly New York Rangers. 35 00:01:43,760 --> 00:01:48,120 Speaker 1: Madison Square Garden Sports, not to be confused with the 36 00:01:48,120 --> 00:01:51,960 Speaker 1: Network in Entertainment MSGS is the ticker right now up 37 00:01:52,000 --> 00:01:56,880 Speaker 1: about sixteen percent, trading at the record high since twenty fifteen. 38 00:01:56,960 --> 00:02:00,000 Speaker 1: This does come after news that the company's board approved 39 00:02:00,080 --> 00:02:03,640 Speaker 1: of potentially spinning off the Knicks as well as the Rangers. 40 00:02:03,760 --> 00:02:07,400 Speaker 1: When you look at the Sportico value X estimations, those 41 00:02:07,440 --> 00:02:10,079 Speaker 1: two companies would be or two teams and franchises would 42 00:02:10,120 --> 00:02:12,920 Speaker 1: combine to be north of thirteen billion dollars, which compares 43 00:02:13,000 --> 00:02:16,000 Speaker 1: to their enterprise value of about nine point two billion would 44 00:02:16,040 --> 00:02:17,919 Speaker 1: you buy the shares? Would you be a proud owner? 45 00:02:18,200 --> 00:02:21,160 Speaker 4: I don't know that they're making it available to retail investorors, yes, 46 00:02:21,280 --> 00:02:22,600 Speaker 4: or Joe superfan, you know. 47 00:02:22,639 --> 00:02:25,280 Speaker 1: Once they're probably traded though. If they're separate, well. 48 00:02:25,120 --> 00:02:27,160 Speaker 4: There's argument to be made by ms now. 49 00:02:27,360 --> 00:02:28,680 Speaker 1: Yeah, you can try both. 50 00:02:30,120 --> 00:02:30,760 Speaker 3: Bym now. 51 00:02:30,760 --> 00:02:33,600 Speaker 4: So you want a direct stick, you know in the Rangers. Actually, 52 00:02:33,840 --> 00:02:37,320 Speaker 4: i'd wait for this restructuring period to end the rebuild period. 53 00:02:37,520 --> 00:02:40,240 Speaker 3: I would argue, I'm glad you quoted the enterprise value 54 00:02:40,440 --> 00:02:42,680 Speaker 3: of let's call it roughly ten billion dollars, and maybe 55 00:02:42,680 --> 00:02:45,360 Speaker 3: Sportico thanks to the assets, are worth thirteen. That's a 56 00:02:45,400 --> 00:02:47,840 Speaker 3: public market discount. I don't know if that's so great 57 00:02:48,040 --> 00:02:51,160 Speaker 3: to take it to split them on I don't know, 58 00:02:51,240 --> 00:02:52,600 Speaker 3: but the bankers are looking for feesa. 59 00:02:52,720 --> 00:02:54,640 Speaker 1: The thing to me that's interesting is the Knicks are 60 00:02:56,200 --> 00:02:57,840 Speaker 1: second or third in the East and the Rangers at 61 00:02:57,840 --> 00:02:59,799 Speaker 1: the bottom of the table on hockey. So it's like, 62 00:02:59,840 --> 00:03:03,560 Speaker 1: are you benefiting from people getting indoors playoff tickets gate? 63 00:03:03,960 --> 00:03:04,360 Speaker 2: I don't know. 64 00:03:04,480 --> 00:03:07,240 Speaker 3: I mean, it's just it's I guess they're worth more. 65 00:03:07,280 --> 00:03:08,720 Speaker 3: But the question is, you know, do you want to 66 00:03:08,720 --> 00:03:10,240 Speaker 3: have them separate and do all that, and do you 67 00:03:10,240 --> 00:03:11,800 Speaker 3: think you'll get that much value. 68 00:03:11,520 --> 00:03:14,080 Speaker 4: Creationd Well, maybe there are other institutional investors who do 69 00:03:14,120 --> 00:03:15,440 Speaker 4: want to buy the teams, but they want to buy 70 00:03:15,480 --> 00:03:17,600 Speaker 4: one specific team, and this would be a cleaner way 71 00:03:17,639 --> 00:03:18,640 Speaker 4: to allow that to happen. 72 00:03:18,720 --> 00:03:20,640 Speaker 3: If you look at the shareholders, and I've covered the 73 00:03:20,680 --> 00:03:23,440 Speaker 3: stock for years and it's nobody cares. They just want 74 00:03:23,480 --> 00:03:25,240 Speaker 3: to we know what the value of the teams are. 75 00:03:25,480 --> 00:03:27,720 Speaker 3: We'll put it a public market discount just to get 76 00:03:27,760 --> 00:03:29,639 Speaker 3: access to it. And that's it. So if you think 77 00:03:29,639 --> 00:03:33,600 Speaker 3: the discount's too great because the Lakers just traded it 78 00:03:33,720 --> 00:03:37,200 Speaker 3: some monster number, okay, but over time at all, I 79 00:03:37,200 --> 00:03:40,200 Speaker 3: think it's just another deal for Jimmy Dolan. He likes 80 00:03:40,240 --> 00:03:41,560 Speaker 3: to do stuff, all right, what's the next he. 81 00:03:41,600 --> 00:03:42,680 Speaker 1: Likes to do stuff. 82 00:03:42,920 --> 00:03:45,160 Speaker 3: Hey as a banker, great client. 83 00:03:45,240 --> 00:03:47,960 Speaker 4: Hey you're happy to have that kind of clip. 84 00:03:47,800 --> 00:03:49,400 Speaker 1: With the company raising capital? 85 00:03:49,680 --> 00:03:53,560 Speaker 3: Push you together again, Promidal one are Times? 86 00:03:53,640 --> 00:03:55,840 Speaker 1: Look at you? Well, we're pivoting away from New York. 87 00:03:55,960 --> 00:03:58,200 Speaker 1: New York Times was the initial pick. But then the 88 00:03:58,240 --> 00:04:00,480 Speaker 1: stock right now is pretty much flat, so we skip 89 00:04:00,520 --> 00:04:02,520 Speaker 1: that through. The sock was up on buffet steak. We 90 00:04:02,560 --> 00:04:06,240 Speaker 1: are facing now on wing stop ticker wing one of 91 00:04:06,280 --> 00:04:09,440 Speaker 1: the better tickers in my view of sixteen percent better 92 00:04:09,480 --> 00:04:13,440 Speaker 1: than feared comp sales, laying out expectations for their restaurant 93 00:04:13,520 --> 00:04:16,760 Speaker 1: chain numbers to actually go up more than some analysts 94 00:04:16,760 --> 00:04:19,000 Speaker 1: on Wall Street had been expecting. There's been a lot 95 00:04:19,000 --> 00:04:22,920 Speaker 1: of debate around how Wingstop and some of these other 96 00:04:23,000 --> 00:04:25,880 Speaker 1: peers could benefit or lose out based on the state 97 00:04:25,920 --> 00:04:29,159 Speaker 1: of the US economy and US consumer laying those issues, 98 00:04:29,160 --> 00:04:31,279 Speaker 1: but again really only moving back to where it was 99 00:04:31,360 --> 00:04:34,200 Speaker 1: earlier this year, which compares with the likes of McDonald's 100 00:04:34,200 --> 00:04:36,080 Speaker 1: and some others that have been on quite a bit 101 00:04:36,080 --> 00:04:36,760 Speaker 1: of a tear. 102 00:04:38,080 --> 00:04:40,160 Speaker 4: Catas for Wingstop, the Super bowls over, well. 103 00:04:40,080 --> 00:04:42,479 Speaker 3: We were the surveillance team earlier, we were o for 104 00:04:42,520 --> 00:04:45,400 Speaker 3: the studio. No one had been to a wing Stop really, Yes, 105 00:04:45,720 --> 00:04:47,120 Speaker 3: so you've been to wing Stop. 106 00:04:47,240 --> 00:04:49,640 Speaker 1: I've ordered wingstock, but I've never been inside. Okay, I 107 00:04:49,680 --> 00:04:50,480 Speaker 1: don't know if that counts. 108 00:04:50,720 --> 00:04:53,040 Speaker 3: I don't like chicken wings, so oh yes, that would 109 00:04:53,080 --> 00:04:53,600 Speaker 3: be a problem. 110 00:04:54,279 --> 00:04:56,680 Speaker 1: Yeah like wings, Yeah, tenders. 111 00:04:57,000 --> 00:04:58,400 Speaker 4: I like chickens with bones. 112 00:04:59,120 --> 00:05:00,359 Speaker 2: This is very to me. 113 00:05:00,640 --> 00:05:02,760 Speaker 4: So I don't want to eat chickens with bones. Maybe 114 00:05:03,240 --> 00:05:04,359 Speaker 4: it's messy, but so you'd be. 115 00:05:04,360 --> 00:05:06,720 Speaker 1: Like a Tenders fan or like a Nuggets. Well they 116 00:05:06,720 --> 00:05:08,480 Speaker 1: have they have they bonus. 117 00:05:08,080 --> 00:05:09,919 Speaker 3: What they have them and then they have the classic 118 00:05:09,960 --> 00:05:12,000 Speaker 3: with the bone in exactly is how I roll. 119 00:05:11,920 --> 00:05:13,640 Speaker 1: You get the flats the best value. 120 00:05:13,720 --> 00:05:16,120 Speaker 3: Yeah, I totally missed a whole segment of the Surveillance 121 00:05:16,120 --> 00:05:18,120 Speaker 3: Show because I was in deep into the menu of 122 00:05:18,200 --> 00:05:20,680 Speaker 3: the Yes, I got. 123 00:05:21,040 --> 00:05:25,080 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 124 00:05:25,160 --> 00:05:27,720 Speaker 2: us throughout the day for the latest roundup of companies 125 00:05:27,800 --> 00:05:30,880 Speaker 2: making news on Wall Street and for the latest market 126 00:05:30,920 --> 00:05:35,400 Speaker 2: moving headlines. 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