1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,880 Speaker 3: I'm Carol Messer along at TIMP Stanwick. Let's get to 5 00:00:19,040 --> 00:00:21,360 Speaker 3: some stocks on the move here to do that with 6 00:00:21,440 --> 00:00:24,200 Speaker 3: us as Bloomberg TV Market's corisponditt Normal Linda, she's in 7 00:00:24,239 --> 00:00:26,360 Speaker 3: the house, all right. We got sacks on the move 8 00:00:26,400 --> 00:00:29,040 Speaker 3: to the upside downside. As always in a market, a 9 00:00:29,040 --> 00:00:29,640 Speaker 3: lot going on. 10 00:00:30,240 --> 00:00:32,880 Speaker 4: I want to take a look at the consumer space. 11 00:00:33,320 --> 00:00:36,279 Speaker 4: Let's look at some Costco. That's a name that I'd 12 00:00:36,280 --> 00:00:39,640 Speaker 4: have my eyes on. This is cost on the ticker. 13 00:00:39,960 --> 00:00:42,200 Speaker 4: We're seeing shares that are higher by about one point 14 00:00:42,280 --> 00:00:44,479 Speaker 4: eight percent right now. But this is after the company 15 00:00:44,520 --> 00:00:47,479 Speaker 4: reported that its profit rose more than a lot of 16 00:00:47,520 --> 00:00:50,320 Speaker 4: Wall Street had initially anticipated. So if you think about 17 00:00:50,360 --> 00:00:53,120 Speaker 4: the idea that people are really having this flight toward 18 00:00:53,280 --> 00:00:55,760 Speaker 4: cheaper names, I mean, Costco is where you go to 19 00:00:55,800 --> 00:00:58,640 Speaker 4: get a deal, and clearly we're seeing this company is 20 00:00:58,680 --> 00:01:01,320 Speaker 4: a beneficiary of that. So we do also know that 21 00:01:01,360 --> 00:01:04,120 Speaker 4: they are actually trying to lean more into cake delivery 22 00:01:04,600 --> 00:01:07,600 Speaker 4: and deli trades, which is interesting Apparently it's a way 23 00:01:07,680 --> 00:01:11,720 Speaker 4: to deliver cake delivery wow, and deli strategy. So I'm 24 00:01:11,760 --> 00:01:14,319 Speaker 4: wondering the deli trades. Is it you know, it's just 25 00:01:14,360 --> 00:01:16,400 Speaker 4: a party at the house or is it deli trays? 26 00:01:16,440 --> 00:01:20,040 Speaker 4: Maybe for a work event, who knows. But it's attracting 27 00:01:20,120 --> 00:01:22,360 Speaker 4: younger consumers. Apparently one of. 28 00:01:22,280 --> 00:01:25,880 Speaker 1: Those Sebastian Escobar, our producer. He says, five dollars of 29 00:01:25,880 --> 00:01:27,479 Speaker 1: tissory chicken. He loves it. 30 00:01:27,600 --> 00:01:27,880 Speaker 3: Wow. 31 00:01:28,000 --> 00:01:29,679 Speaker 4: Oh it's good, It's quite good. 32 00:01:29,880 --> 00:01:32,920 Speaker 3: I've never been in with a solid I'm still I 33 00:01:36,560 --> 00:01:38,880 Speaker 3: could have gone home, buddy and gotten. 34 00:01:38,640 --> 00:01:41,200 Speaker 2: A membership members I'm sorry. 35 00:01:41,560 --> 00:01:44,039 Speaker 3: A Costco member. You know, I still am not a 36 00:01:44,080 --> 00:01:47,200 Speaker 3: Costco member, all right? So interesting because Costco tends to 37 00:01:47,240 --> 00:01:50,880 Speaker 3: be a wealthier consumer. So interesting. Stack's still up about 38 00:01:50,880 --> 00:01:53,320 Speaker 3: sixteen percent year to date, so absolutely, but maybe a 39 00:01:53,360 --> 00:01:55,080 Speaker 3: different trade today, let's go to Gap. 40 00:01:55,200 --> 00:01:57,280 Speaker 4: Yes, So also keeping a bit of an eye on 41 00:01:57,320 --> 00:02:00,440 Speaker 4: the consumer, we are seeing shares of Gap lower falling 42 00:02:00,480 --> 00:02:03,320 Speaker 4: for double digit losses is after its fourth quarter sales 43 00:02:03,360 --> 00:02:06,960 Speaker 4: and profit both miss expectations. And digging a little bit 44 00:02:07,040 --> 00:02:09,079 Speaker 4: under the hood, we saw that both Old Navy and 45 00:02:09,200 --> 00:02:12,440 Speaker 4: Athleta they were the ones that reported some of the 46 00:02:12,440 --> 00:02:15,640 Speaker 4: lower metrics, and we know Athleta is their biggest brand. 47 00:02:16,000 --> 00:02:17,680 Speaker 4: One of the sources in this story that we have 48 00:02:17,760 --> 00:02:20,679 Speaker 4: on the Bloomberg terminal on managing director at Global Data 49 00:02:20,800 --> 00:02:25,239 Speaker 4: saying that athlete is just bland. He's essentially saying that 50 00:02:25,280 --> 00:02:27,480 Speaker 4: they're able to be right, it didn't. 51 00:02:27,240 --> 00:02:29,640 Speaker 1: But maybe the whole category has been shifted. 52 00:02:29,680 --> 00:02:30,240 Speaker 2: Let me look at. 53 00:02:30,200 --> 00:02:32,840 Speaker 4: Lulu, right, and so it's hard for them to keep 54 00:02:32,880 --> 00:02:35,239 Speaker 4: up with competition. So they're really trying to rework and 55 00:02:35,320 --> 00:02:37,960 Speaker 4: kind of paint a turnarout story for that brand. We 56 00:02:38,000 --> 00:02:41,720 Speaker 4: know Athleta is their biggest brand. Gap and Banana Republic 57 00:02:41,760 --> 00:02:44,520 Speaker 4: both they were pretty decent this quarter. So they also 58 00:02:44,560 --> 00:02:47,400 Speaker 4: did see a forecast for twenty twenty six that was 59 00:02:47,480 --> 00:02:48,360 Speaker 4: a bright spot for them. 60 00:02:48,680 --> 00:02:49,960 Speaker 1: But he says Gap is cool again. 61 00:02:50,160 --> 00:02:51,640 Speaker 4: I mean, who's there? Are you? 62 00:02:52,080 --> 00:02:52,840 Speaker 1: What do you mean who's there? 63 00:02:52,960 --> 00:02:53,440 Speaker 4: I'm curious? 64 00:02:53,560 --> 00:02:58,560 Speaker 1: No, Like, well, in the nineties, in the nineties, yes, 65 00:02:58,720 --> 00:03:01,560 Speaker 1: I'm resit with you. Literally, we'd have European friends come 66 00:03:01,639 --> 00:03:04,239 Speaker 1: visit us and they'd buy stuff from Gap. Yeah, bring 67 00:03:04,280 --> 00:03:06,040 Speaker 1: it back to euar if they bring like an extra suitcase. 68 00:03:06,080 --> 00:03:09,720 Speaker 1: I mean, this is cool stuff. And now yeah, now, 69 00:03:09,760 --> 00:03:10,359 Speaker 1: it's cool again. 70 00:03:10,440 --> 00:03:13,919 Speaker 3: I remember I remember Banana Republic was like you'd walk 71 00:03:13,960 --> 00:03:15,919 Speaker 3: in and it was like you're on a safari. It 72 00:03:15,960 --> 00:03:19,280 Speaker 3: was a really fun what a time and like I'm serious, 73 00:03:19,960 --> 00:03:23,640 Speaker 3: like you think about what it's become. Right, So you 74 00:03:23,680 --> 00:03:28,240 Speaker 3: know these retailers change a lot often. All right, all right, 75 00:03:28,280 --> 00:03:31,720 Speaker 3: so gap and then let's get to not down love 76 00:03:31,760 --> 00:03:32,200 Speaker 3: this ticker. 77 00:03:32,560 --> 00:03:34,480 Speaker 4: Right, So this is a quirky one. I know you 78 00:03:34,520 --> 00:03:37,200 Speaker 4: guys like quirky names. So this one the ticker down 79 00:03:37,280 --> 00:03:40,800 Speaker 4: daw in. This is Day one. Bio Pharmaceutical was a 80 00:03:40,840 --> 00:03:43,320 Speaker 4: company I digged a be deeper into because I wasn't 81 00:03:43,320 --> 00:03:46,520 Speaker 4: familiar with. Yeah, so two point two billion dollars in 82 00:03:46,560 --> 00:03:48,280 Speaker 4: market cap. But the reason that we're seeing this in 83 00:03:48,320 --> 00:03:51,080 Speaker 4: the news today, it's a company that's based in San Francisco, 84 00:03:51,160 --> 00:03:54,680 Speaker 4: and it's surging more than sixty percent today, in saying 85 00:03:54,800 --> 00:03:57,520 Speaker 4: it's on pace for its biggest gain since twenty twenty two, 86 00:03:58,120 --> 00:04:00,560 Speaker 4: just a stellar rally. This is after the and drug 87 00:04:00,600 --> 00:04:03,800 Speaker 4: maker Servia agreed to buy the company for two point 88 00:04:03,800 --> 00:04:07,320 Speaker 4: five billion dollars. This is a sixty eight percent premium 89 00:04:07,360 --> 00:04:11,320 Speaker 4: from Day one's closing price yesterday, and Servia essentially wants 90 00:04:11,320 --> 00:04:13,720 Speaker 4: to become a leader when we think about the treatments 91 00:04:13,720 --> 00:04:16,880 Speaker 4: for rare tumors, buy twenty thirty and they see day 92 00:04:16,920 --> 00:04:19,080 Speaker 4: one as a way to get there. And so we 93 00:04:19,120 --> 00:04:23,000 Speaker 4: do see shares of day one up about one hundred 94 00:04:23,000 --> 00:04:25,440 Speaker 4: and twenty seven percent year today, but almost one hundred 95 00:04:25,480 --> 00:04:28,200 Speaker 4: percent of that coming from today's day gains alone. 96 00:04:28,320 --> 00:04:30,160 Speaker 3: Yeah, that's quite a bump, but it makes sense, right. 97 00:04:30,200 --> 00:04:32,320 Speaker 3: You see, we've seen I feel like a lot of 98 00:04:32,320 --> 00:04:36,040 Speaker 3: movement in the pharmaceutical space, companies picking up other companies. 99 00:04:36,080 --> 00:04:38,520 Speaker 3: All right, good stuff, as always normal, Enda, Bloomberg TV 100 00:04:38,680 --> 00:04:40,159 Speaker 3: Market correspondent. 101 00:04:40,920 --> 00:04:44,920 Speaker 2: The Stock Movers report from Bloomberg Radio. 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