WEBVTT - Intel Rises, Mission Produce Drops, Tango Therapeutics Surges

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Mover's 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 3>I'm Carol Master along with Tim Centovic. Let's get to

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<v Speaker 3>some stocks on the move. Here to help us with

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<v Speaker 3>that is Avalon Pronew. She's Bloomberg News Equities reporter. She

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<v Speaker 3>is in the house, and we're going to start off

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<v Speaker 3>with a postmarket name.

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<v Speaker 4>We sure are pre pre market name, Yes, Mission Produce.

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<v Speaker 4>That's ticker AVO currently unfor love avocados.

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<v Speaker 1>I know, go ahead, up.

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<v Speaker 4>I mean, who doesn't love avocados. It seems as if

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<v Speaker 4>the investors don't really love. It's currently slighting about five

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<v Speaker 4>point five percent in post market trading. That's after the

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<v Speaker 4>avocado supplier reported adjusted earnings per share for the second

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<v Speaker 4>quarter that missed expectations. Perhaps more importantly, it's saying that

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<v Speaker 4>it's expecting avocado prices to be down about fifteen percent

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<v Speaker 4>next quarter. Year of a year, since Harvard season looks

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<v Speaker 4>to be very plentiful this year.

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<v Speaker 1>Listen, that's great news for someone like me who buys

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<v Speaker 1>a lot of avocados. Yeah, that prices are going to

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<v Speaker 1>be done.

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<v Speaker 3>Yeah, that would be really nice. I agree. I agree.

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<v Speaker 3>We always have it like four or five in the fridge.

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<v Speaker 3>You do, I love me and avocado.

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<v Speaker 1>Very good for you too, I know exactly. Okay, So

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<v Speaker 1>fifteen lower then and goes with the prices not the stock.

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<v Speaker 3>Yeah, no, I'll take it. I'll take it. Hey, I

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<v Speaker 3>just want to mention one other after market, if we may.

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<v Speaker 3>Ticker is Empty and Veil Resorts, And we do see

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<v Speaker 3>this stock lower in the postmarket trade. It is down

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<v Speaker 3>as I bring it up on my Bloomberg down about

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<v Speaker 3>four and a half percent here. And that company, I

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<v Speaker 3>guess coming out was it earnings? Yeah, I guess it

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<v Speaker 3>was earnings third quarter EPs. That was a miss coming

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<v Speaker 3>in light third quarter net revenue was in line with

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<v Speaker 3>what the street was expecting. Total reported EBITDA was a

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<v Speaker 3>little bit higher than the street forecast, and all So

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<v Speaker 3>came out with his outlook.

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<v Speaker 1>Yeah, and here's the problem. Veil Resorts had a terrible

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<v Speaker 1>h well, the Western United States had a terrible tusky.

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<v Speaker 1>Meason Rob Katz was brought back in to turn the

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<v Speaker 1>company around. He was the longtime CEO at the company.

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<v Speaker 1>He retired a few years ago. They brought him back

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<v Speaker 1>to try to turn the company around after Kirsten Lynch

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<v Speaker 1>took over from him, and he's said a tough time

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<v Speaker 1>of it. Stocks up about three percent before today's results

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<v Speaker 1>going into this print. But like you said, Carol, the

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<v Speaker 1>company seen facing pressure from past sales and that fiscal

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<v Speaker 1>year net income outlook has been reduced.

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<v Speaker 3>Yeah, check this out Veil Resorts. He's fiscal year net

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<v Speaker 3>of one hundred and twenty eight million to one hundred

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<v Speaker 3>and sixty two million. It had seen one hundred and

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<v Speaker 3>forty four million to one hundred and ninety million. So

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<v Speaker 3>you know this avalon really well, Like that is quite

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<v Speaker 3>a haircut, all right. So that's a couple of names

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<v Speaker 3>in the postmarket on the move. What was really moving

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<v Speaker 3>to the upside today was Intel.

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<v Speaker 4>Yes, that's ticker I INTC had jumped eleven percent and

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<v Speaker 4>its best day in about a month after a media

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<v Speaker 4>report that Google placed an order for about three million

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<v Speaker 4>of Intel's AI chips. And this is obviously another step

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

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<v Speaker 3>Yeah, I mean, man, that stuck is on fire. Yeah,

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<v Speaker 3>but now it has to make them right, It has

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<v Speaker 3>to make sure it can do this. I'm just saying

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<v Speaker 3>you're right.

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<v Speaker 1>Congratulations to the two of you who are shareholders in

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<v Speaker 1>the company. So you own to share, you own to share.

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<v Speaker 3>You own a share of Intel.

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<v Speaker 1>You know who else owns a lot of Intel Video? Yeah,

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<v Speaker 1>after that investment earlier this last year too.

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<v Speaker 2>Yeah, you're right.

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<v Speaker 1>Yeah, all right, So it's not just uh, it's not

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<v Speaker 1>just us.

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<v Speaker 3>All right, ready to tango.

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<v Speaker 1>Uh, let's talk tango.

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<v Speaker 2>Yeah.

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<v Speaker 4>Its Tango Therapeutics sets ticker TNGX surging fifty three percent

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<v Speaker 4>to end at a record high in the close. And

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<v Speaker 4>that's after a biotech released really positive data for its

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<v Speaker 4>experimental therapy to treat advanced pancreatic cancer. I feel like

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<v Speaker 4>this year we've heard a lot about pancreatic cancer, which

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<v Speaker 4>is really great for these patients. This combo drug did

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<v Speaker 4>show that it shrunk their like trunk to the different

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<v Speaker 4>tumors and patients, and Lyric writing that the data exceeds

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<v Speaker 4>expectations and really speaks for itself, especially on the efficacy.

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<v Speaker 4>So now Tango is planning to send that drug into

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<v Speaker 4>the next trial to have a late stage look at

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<v Speaker 4>what this drug potentially can do.

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<v Speaker 3>I have to say this is a real personal thing

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<v Speaker 3>for me. Having lost my mother to pancreatic cancer and

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<v Speaker 3>my dad lost my husband lost his father to it,

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<v Speaker 3>so you think it's a rare cancer. But as you

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<v Speaker 3>look at all the cancers that are out there, this

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<v Speaker 3>is one of those that has been really difficult in

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<v Speaker 3>terms of treatment because by the time you notice it,

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<v Speaker 3>it's usually so far progressed and there's not a lot

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<v Speaker 3>you can do. So certainly, as a family, something we're

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<v Speaker 3>watching to see what this does. But yeah, you're right,

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<v Speaker 3>we've heard a lot, but you know, you feel like

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<v Speaker 3>a lot of other cancers they figured out how to

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<v Speaker 3>deal with them, and this is one that is still

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<v Speaker 3>really tricky.

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