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: Let's take a look at some stocks on the move today.
Speaker 1: I am Tim Statavack along with Carol Master. We're joined
Speaker 1: by Bloomberg Television Markets correspondent normal Inda.
Speaker 3: We were both to say we need some caffeine a
Speaker 3: little bit, say who do I get to be?
Speaker 4: If we're all swapping names exactly?
Speaker 3: Whoever you are?
Speaker 4: What happens here on BusinessWeek, Well, there's also a lot
Speaker 4: that's happening in the market. I'm looking at some of
Speaker 4: the individual movers. Boston Scientific the stock down for its
Speaker 4: lowest level since twenty twenty four. This is taker BSX.
Speaker 4: This is after some of the results from a trial
Speaker 4: of its Watchman heart implant. Definitely, they basically misinvestor expectations,
Speaker 4: and this is why you're releasing the stock selling off
Speaker 4: down about nine percent right now as we speak. But
Speaker 4: Leric Partners did say that they think that the data
Speaker 4: is quote unquote not the home run scenario that some
Speaker 4: of the bulls were hoping for, So maybe falling short
Speaker 4: of some of those bullish expectations that they were expecting
Speaker 4: out of the trial. But the stock's also been pretty
Speaker 4: pressured this year. If you take a look at the
Speaker 4: action we've seen in twenty twenty six, it's down about
Speaker 4: thirty four percent so far in twenty twenty six.
Speaker 3: Yeah, that's a big move to the downside. So yeah,
Speaker 3: is that a gainer?
Speaker 4: Imiah added to.
Speaker 3: The list need caffeine, We need caffeine. Let's go to
Speaker 3: a big deal Assisco, but not Cisco the tech company,
Speaker 3: but we're talking about the food services company.
Speaker 4: And it's interesting. I was wondering how many people actually
Speaker 4: know that it's a food service its company if it's
Speaker 4: a very well known name. But yes it is.
Speaker 3: Actually it's massive, Like I think saying food and stuff
Speaker 3: like that, right, normally comes from a company like this.
Speaker 4: And even like offices when you get food deliveries and
Speaker 4: everything when they're giving out to you know, all the employees,
Speaker 4: it tends to come from Cisco. Yeah. Uh take your
Speaker 4: SYI s YY excuse me. Seeing its biggest drop in
Speaker 4: six years. This is after the company agreed to buy
Speaker 4: Jetro restaurant depot for roughly twenty nine bill million dollars.
Speaker 4: This including debt, and they're saying that this deal could
Speaker 4: create one of the largest food service groups in the
Speaker 4: United States, so massive. I mean, we're looking at the
Speaker 4: stock action though. For Cisco, investors aren't really liking this news.
Speaker 4: I mean, if you take a look at what's going
Speaker 4: on with shares right now, down about fifteen percent so
Speaker 4: far today, but also looking at the action that we're
Speaker 4: seeing year to date, stock is down more than five percent.
Speaker 1: Okay, so that is Cisco a little m and a
Speaker 1: news on this merger. Monday, I told Carol to include
Speaker 1: this next one aer Gainer's list, and Freddy she should.
Speaker 4: I covered these super closely on equities.
Speaker 1: They move, when they move, they move, they.
Speaker 4: Move like crazy. But I mean they are accustomed to
Speaker 4: volatile swings, especially because they do trade over the counter,
Speaker 4: and there's a lot of retail trader action that you
Speaker 4: tend to see from Fanny May and Freddie Matt.
Speaker 1: Okay, we're talking Fanny Man.
Speaker 4: Yes, Fanny May take her f NMA, Freddie Mac FMCC,
Speaker 4: both of these stocks soaring. I mean, take a look
Speaker 4: at what's going on. We see Fan and we May
Speaker 4: up thirty nine percent, Freddie Mack up forty percent, so
Speaker 4: really on a tear today. But this is still after
Speaker 4: a month's long slide that we've seen from these stocks.
Speaker 4: As I mentioned before, it's not too surprising to see
Speaker 4: them making really massive swings in one direction or the other.
Speaker 4: But just after some comments that we saw from Pershing
Speaker 4: Squares Bill Ackman, he called the stocks quote unquote stupidly cheap,
Speaker 4: and of course that did get everybody on the retail
Speaker 4: side really interested in buying the names. I mean, but
Speaker 4: even after the latest balance, it really has been a
Speaker 4: hard time for these companies that we know have been
Speaker 4: of underneath the government conservatorship since about two thousand and eight.
Speaker 4: So it's been really this conversation as to whether or
Speaker 4: not they're actually going to IPO or if they'll return
Speaker 4: back to public markets in a more proper fashion than
Speaker 4: they are right now. But stocks are down about sixty
Speaker 4: percent from their mid September peak.
Speaker 3: I mean, these are like tortured pseudo government no. I mean,
Speaker 3: this has been their history right right, both the back
Speaker 3: and forth.
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with
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