WEBVTT - Boston Scientific Tumbles, Sysco Sinks, Fannie and Freddie Surges

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

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<v Speaker 2>The Stock Movers 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 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I am Tim Statavack along with Carol Master. We're joined

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<v Speaker 1>by Bloomberg Television Markets correspondent normal Inda.

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<v Speaker 3>We were both to say we need some caffeine a

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<v Speaker 3>little bit, say who do I get to be?

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<v Speaker 4>If we're all swapping names exactly?

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<v Speaker 3>Whoever you are?

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<v Speaker 4>What happens here on BusinessWeek, Well, there's also a lot

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<v Speaker 4>that's happening in the market. I'm looking at some of

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<v Speaker 4>the individual movers. Boston Scientific the stock down for its

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<v Speaker 4>lowest level since twenty twenty four. This is taker BSX.

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<v Speaker 4>This is after some of the results from a trial

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<v Speaker 4>of its Watchman heart implant. Definitely, they basically misinvestor expectations,

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<v Speaker 4>and this is why you're releasing the stock selling off

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<v Speaker 4>down about nine percent right now as we speak. But

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<v Speaker 4>Leric Partners did say that they think that the data

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<v Speaker 4>is quote unquote not the home run scenario that some

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<v Speaker 4>of the bulls were hoping for, So maybe falling short

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<v Speaker 4>of some of those bullish expectations that they were expecting

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<v Speaker 4>out of the trial. But the stock's also been pretty

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<v Speaker 4>pressured this year. If you take a look at the

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<v Speaker 4>action we've seen in twenty twenty six, it's down about

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<v Speaker 4>thirty four percent so far in twenty twenty six.

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<v Speaker 3>Yeah, that's a big move to the downside. So yeah,

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<v Speaker 3>is that a gainer?

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<v Speaker 4>Imiah added to.

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<v Speaker 3>The list need caffeine, We need caffeine. Let's go to

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<v Speaker 3>a big deal Assisco, but not Cisco the tech company,

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<v Speaker 3>but we're talking about the food services company.

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<v Speaker 4>And it's interesting. I was wondering how many people actually

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<v Speaker 4>know that it's a food service its company if it's

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<v Speaker 4>a very well known name. But yes it is.

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<v Speaker 3>Actually it's massive, Like I think saying food and stuff

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<v Speaker 3>like that, right, normally comes from a company like this.

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<v Speaker 4>And even like offices when you get food deliveries and

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<v Speaker 4>everything when they're giving out to you know, all the employees,

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<v Speaker 4>it tends to come from Cisco. Yeah. Uh take your

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<v Speaker 4>SYI s YY excuse me. Seeing its biggest drop in

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<v Speaker 4>six years. This is after the company agreed to buy

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<v Speaker 4>Jetro restaurant depot for roughly twenty nine bill million dollars.

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<v Speaker 4>This including debt, and they're saying that this deal could

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<v Speaker 4>create one of the largest food service groups in the

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<v Speaker 4>United States, so massive. I mean, we're looking at the

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<v Speaker 4>stock action though. For Cisco, investors aren't really liking this news.

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<v Speaker 4>I mean, if you take a look at what's going

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<v Speaker 4>on with shares right now, down about fifteen percent so

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<v Speaker 4>far today, but also looking at the action that we're

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<v Speaker 4>seeing year to date, stock is down more than five percent.

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<v Speaker 1>Okay, so that is Cisco a little m and a

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<v Speaker 1>news on this merger. Monday, I told Carol to include

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<v Speaker 1>this next one aer Gainer's list, and Freddy she should.

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<v Speaker 4>I covered these super closely on equities.

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<v Speaker 1>They move, when they move, they move, they.

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<v Speaker 4>Move like crazy. But I mean they are accustomed to

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<v Speaker 4>volatile swings, especially because they do trade over the counter,

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<v Speaker 4>and there's a lot of retail trader action that you

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<v Speaker 4>tend to see from Fanny May and Freddie Matt.

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<v Speaker 1>Okay, we're talking Fanny Man.

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<v Speaker 4>Yes, Fanny May take her f NMA, Freddie Mac FMCC,

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<v Speaker 4>both of these stocks soaring. I mean, take a look

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<v Speaker 4>at what's going on. We see Fan and we May

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<v Speaker 4>up thirty nine percent, Freddie Mack up forty percent, so

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<v Speaker 4>really on a tear today. But this is still after

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<v Speaker 4>a month's long slide that we've seen from these stocks.

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<v Speaker 4>As I mentioned before, it's not too surprising to see

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<v Speaker 4>them making really massive swings in one direction or the other.

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<v Speaker 4>But just after some comments that we saw from Pershing

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<v Speaker 4>Squares Bill Ackman, he called the stocks quote unquote stupidly cheap,

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<v Speaker 4>and of course that did get everybody on the retail

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<v Speaker 4>side really interested in buying the names. I mean, but

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<v Speaker 4>even after the latest balance, it really has been a

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<v Speaker 4>hard time for these companies that we know have been

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<v Speaker 4>of underneath the government conservatorship since about two thousand and eight.

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<v Speaker 4>So it's been really this conversation as to whether or

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<v Speaker 4>not they're actually going to IPO or if they'll return

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<v Speaker 4>back to public markets in a more proper fashion than

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<v Speaker 4>they are right now. But stocks are down about sixty

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<v Speaker 4>percent from their mid September peak.

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<v Speaker 3>I mean, these are like tortured pseudo government no. I mean,

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<v Speaker 3>this has been their history right right, both the back

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<v Speaker 3>and forth.

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<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

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