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: I'm Carol Masser along with Tim Stanovik. Let's also get
Speaker 1: to some stocks on the move this Friday. Alexandra Semenova
Speaker 1: is with us Bloomberg News Stocks Reporter, and she joins
Speaker 1: us with a look at some of the names. Alex
Speaker 1: good to have you here.
Speaker 3: Hey, guys, good to be here. There's actually a lot
Speaker 3: going on on the corporate side, even though we're heading
Speaker 3: into holiday weekend. The first company that I'm looking at
Speaker 3: is Uber. There are apparently looking to have a full
Speaker 3: takeover of delivery Hero, which is a delivery service platform
Speaker 3: that is based in Germany. Apparently they want to better
Speaker 3: compete with door Dash overseas. They had actually announced earlier
Speaker 3: this week that they boosted their stake in the company
Speaker 3: and are apparently to looking to boost it even more.
Speaker 3: They've been working with Morgan Stanley on this. This is
Speaker 3: a great scoop on the Bloomberg terminal. Just looking at
Speaker 3: the share price, it is Uber is actually down two
Speaker 3: point three percent today on the news However, Delivery Hero,
Speaker 3: who shares are listed in Frankfort is up about fifty
Speaker 3: percent this year. It has a value of around eleven
Speaker 3: point eight billion dollars, so will be really interesting to
Speaker 3: see how this plays out. Of course, this this is
Speaker 3: a space that has been heating up. So many delivery platforms.
Speaker 4: Well, yeah, you nailed it when you said so many
Speaker 4: delivery platforms. It's a really competitive space. It's it really is.
Speaker 5: It's tough to compete in the space. Plus, I don't
Speaker 5: know about you, Carol, at least look again, this is
Speaker 5: the New York City, you know, view but the fees
Speaker 5: that are tacked on the expense at the end, like
Speaker 5: you know, sometimes you it ends up costing like twenty
Speaker 5: five thirty percent.
Speaker 1: We've canceled an order, like after we go through and
Speaker 1: we're like to say, which, suddenly it's thirty dollars exactly,
Speaker 1: it's exactly our two hamburgers or something.
Speaker 3: And we're like, but in a city like New York,
Speaker 3: you can just go outside and go to any.
Speaker 4: Restaurant and get something, just walk down the street.
Speaker 3: Exactly.
Speaker 1: That is so true. All right, So uber is one
Speaker 1: name you're watching, I'm exidentother one I'm Max.
Speaker 3: Better news for the movie theater, so it is actually
Speaker 3: exploring a sale. It approached some entertainment companies to explore
Speaker 3: the option of being bought. This is according to scoop
Speaker 3: from the Wall Street Journal. Looking at the price right now,
Speaker 3: shares are up fifteen percent. It is having its best
Speaker 3: day since March twenty twenty one, which is of course
Speaker 3: during memestock Mania. And apparently movie theaters have been making
Speaker 3: a little bit of a comeback. When I a shout
Speaker 3: out to a couple of my friends, Bonnu and Lira,
Speaker 3: we actually have a little club going where we go
Speaker 3: to the movie theaters every quarter.
Speaker 4: Now I love this.
Speaker 3: Yeah, I did go to an Imax. We don't We
Speaker 3: do look to go to like a theater that is
Speaker 3: a little different. We went to one around Union Square
Speaker 3: that is a little bit more historic and that was
Speaker 3: a great time kind of an experience. Then, yeah, exactly. So, yeah,
Speaker 3: Imax shares are doing well on this news. And also
Speaker 3: apparently it has to do with premium screens, so people
Speaker 3: are looking to have a cool experience when they go
Speaker 3: to the movies.
Speaker 5: The reclining chair exactly, that's the that's the challenge I
Speaker 5: think in sort of the post COVID world is that,
Speaker 5: especially as more and more movies are coming out closer
Speaker 5: to like the windows shrinking, how long it's in theaters
Speaker 5: you can you know, like I was able to watch
Speaker 5: Marty Supreme recently, you know, and not and look, you
Speaker 5: know it took us four nights to watch it because
Speaker 5: we don't have that much time. But it had just
Speaker 5: been in theaters, you know, just a few months ago. Right,
Speaker 5: But what do you you have to provide something in
Speaker 5: the theater that you're not going to get in your
Speaker 5: living room.
Speaker 4: So like a huge screen, a reclining chair, yeah, has
Speaker 4: an experience.
Speaker 3: You can be sitting in a chair.
Speaker 1: I also feel like it's a movie that's an experience.
Speaker 1: Like the last one I went to was Barbie like
Speaker 1: with my daughter, and it was just like a small theater.
Speaker 1: I would go, I know, a small theater in the
Speaker 1: village and it was like it was a lot of fun.
Speaker 1: But I don't know, I agree with you. I wouldn't
Speaker 1: be like if my Jammy's eating popcorn, watching.
Speaker 4: Marty was good.
Speaker 1: I watch it, yeah, Lenova.
Speaker 3: Yeah, that company doing very well on its earnings because
Speaker 3: of its AI business. Always good to hear that you
Speaker 3: know AIS being monetized for these companies. It reported that
Speaker 3: profit jumped to thirty eight percent while revenue grew by
Speaker 3: around twenty percent for the fiscal year ending in March,
Speaker 3: and this was because of AI related revenues. So it
Speaker 3: accounted for thirty eight percent of the company's overall sales
Speaker 3: last quarter, growing at an eighty four percent rate.
Speaker 4: That is pretty stronging numbers.
Speaker 3: Because all these companies are spending so much on artificial
Speaker 3: intelligence technology and it's not really clear whether or not
Speaker 3: their efforts will be profitable. So good to see a
Speaker 3: company where it actually.
Speaker 4: Is and you're watching the ADRs.
Speaker 3: Yes, that is US listed share.
Speaker 4: Yeah, ln VGYUS is the ADR ticker.
Speaker 3: Now eighteen percent right now, also best since twenty twenty one.
Speaker 1: Of seventy percent year.
Speaker 2: Today the aders the stock movers report from Bloomberg Radio.
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Speaker 2: roundup of companies making news on Wall Street and for
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