Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Master along with Tim Centovic. Let's get to
Speaker 3: some stocks on the move. Here to help us with
Speaker 3: that is Avalon Pronew. She's Bloomberg News Equities reporter. She
Speaker 3: is in the house, and we're going to start off
Speaker 3: with a postmarket name.
Speaker 4: We sure are pre pre market name, Yes, Mission Produce.
Speaker 4: That's ticker AVO currently unfor love avocados.
Speaker 1: I know, go ahead, up.
Speaker 4: I mean, who doesn't love avocados. It seems as if
Speaker 4: the investors don't really love. It's currently slighting about five
Speaker 4: point five percent in post market trading. That's after the
Speaker 4: avocado supplier reported adjusted earnings per share for the second
Speaker 4: quarter that missed expectations. Perhaps more importantly, it's saying that
Speaker 4: it's expecting avocado prices to be down about fifteen percent
Speaker 4: next quarter. Year of a year, since Harvard season looks
Speaker 4: to be very plentiful this year.
Speaker 1: Listen, that's great news for someone like me who buys
Speaker 1: a lot of avocados. Yeah, that prices are going to
Speaker 1: be done.
Speaker 3: Yeah, that would be really nice. I agree. I agree.
Speaker 3: We always have it like four or five in the fridge.
Speaker 3: You do, I love me and avocado.
Speaker 1: Very good for you too, I know exactly. Okay, So
Speaker 1: fifteen lower then and goes with the prices not the stock.
Speaker 3: Yeah, no, I'll take it. I'll take it. Hey, I
Speaker 3: just want to mention one other after market, if we may.
Speaker 3: Ticker is Empty and Veil Resorts, And we do see
Speaker 3: this stock lower in the postmarket trade. It is down
Speaker 3: as I bring it up on my Bloomberg down about
Speaker 3: four and a half percent here. And that company, I
Speaker 3: guess coming out was it earnings? Yeah, I guess it
Speaker 3: was earnings third quarter EPs. That was a miss coming
Speaker 3: in light third quarter net revenue was in line with
Speaker 3: what the street was expecting. Total reported EBITDA was a
Speaker 3: little bit higher than the street forecast, and all So
Speaker 3: came out with his outlook.
Speaker 1: Yeah, and here's the problem. Veil Resorts had a terrible
Speaker 1: h well, the Western United States had a terrible tusky.
Speaker 1: Meason Rob Katz was brought back in to turn the
Speaker 1: company around. He was the longtime CEO at the company.
Speaker 1: He retired a few years ago. They brought him back
Speaker 1: to try to turn the company around after Kirsten Lynch
Speaker 1: took over from him, and he's said a tough time
Speaker 1: of it. Stocks up about three percent before today's results
Speaker 1: going into this print. But like you said, Carol, the
Speaker 1: company seen facing pressure from past sales and that fiscal
Speaker 1: year net income outlook has been reduced.
Speaker 3: Yeah, check this out Veil Resorts. He's fiscal year net
Speaker 3: of one hundred and twenty eight million to one hundred
Speaker 3: and sixty two million. It had seen one hundred and
Speaker 3: forty four million to one hundred and ninety million. So
Speaker 3: you know this avalon really well, Like that is quite
Speaker 3: a haircut, all right. So that's a couple of names
Speaker 3: in the postmarket on the move. What was really moving
Speaker 3: to the upside today was Intel.
Speaker 4: Yes, that's ticker I INTC had jumped eleven percent and
Speaker 4: its best day in about a month after a media
Speaker 4: report that Google placed an order for about three million
Speaker 4: of Intel's AI chips. And this is obviously another step
Speaker 4: in the right direction for Lebutan.
Speaker 3: Yeah, I mean, man, that stuck is on fire. Yeah,
Speaker 3: but now it has to make them right, It has
Speaker 3: to make sure it can do this. I'm just saying
Speaker 3: you're right.
Speaker 1: Congratulations to the two of you who are shareholders in
Speaker 1: the company. So you own to share, you own to share.
Speaker 3: You own a share of Intel.
Speaker 1: You know who else owns a lot of Intel Video? Yeah,
Speaker 1: after that investment earlier this last year too.
Speaker 2: Yeah, you're right.
Speaker 1: Yeah, all right, So it's not just uh, it's not
Speaker 1: just us.
Speaker 3: All right, ready to tango.
Speaker 1: Uh, let's talk tango.
Speaker 2: Yeah.
Speaker 4: Its Tango Therapeutics sets ticker TNGX surging fifty three percent
Speaker 4: to end at a record high in the close. And
Speaker 4: that's after a biotech released really positive data for its
Speaker 4: experimental therapy to treat advanced pancreatic cancer. I feel like
Speaker 4: this year we've heard a lot about pancreatic cancer, which
Speaker 4: is really great for these patients. This combo drug did
Speaker 4: show that it shrunk their like trunk to the different
Speaker 4: tumors and patients, and Lyric writing that the data exceeds
Speaker 4: expectations and really speaks for itself, especially on the efficacy.
Speaker 4: So now Tango is planning to send that drug into
Speaker 4: the next trial to have a late stage look at
Speaker 4: what this drug potentially can do.
Speaker 3: I have to say this is a real personal thing
Speaker 3: for me. Having lost my mother to pancreatic cancer and
Speaker 3: my dad lost my husband lost his father to it,
Speaker 3: so you think it's a rare cancer. But as you
Speaker 3: look at all the cancers that are out there, this
Speaker 3: is one of those that has been really difficult in
Speaker 3: terms of treatment because by the time you notice it,
Speaker 3: it's usually so far progressed and there's not a lot
Speaker 3: you can do. So certainly, as a family, something we're
Speaker 3: watching to see what this does. But yeah, you're right,
Speaker 3: we've heard a lot, but you know, you feel like
Speaker 3: a lot of other cancers they figured out how to
Speaker 3: deal with them, and this is one that is still
Speaker 3: really tricky.
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