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 3: I'm Carol Messer along at TIMP Stanwick. Let's get to
Speaker 3: some stocks on the move here to do that with
Speaker 3: us as Bloomberg TV Market's corisponditt Normal Linda, she's in
Speaker 3: the house, all right. We got sacks on the move
Speaker 3: to the upside downside. As always in a market, a
Speaker 3: lot going on.
Speaker 4: I want to take a look at the consumer space.
Speaker 4: Let's look at some Costco. That's a name that I'd
Speaker 4: have my eyes on. This is cost on the ticker.
Speaker 4: We're seeing shares that are higher by about one point
Speaker 4: eight percent right now. But this is after the company
Speaker 4: reported that its profit rose more than a lot of
Speaker 4: Wall Street had initially anticipated. So if you think about
Speaker 4: the idea that people are really having this flight toward
Speaker 4: cheaper names, I mean, Costco is where you go to
Speaker 4: get a deal, and clearly we're seeing this company is
Speaker 4: a beneficiary of that. So we do also know that
Speaker 4: they are actually trying to lean more into cake delivery
Speaker 4: and deli trades, which is interesting Apparently it's a way
Speaker 4: to deliver cake delivery wow, and deli strategy. So I'm
Speaker 4: wondering the deli trades. Is it you know, it's just
Speaker 4: a party at the house or is it deli trays?
Speaker 4: Maybe for a work event, who knows. But it's attracting
Speaker 4: younger consumers. Apparently one of.
Speaker 1: Those Sebastian Escobar, our producer. He says, five dollars of
Speaker 1: tissory chicken. He loves it.
Speaker 3: Wow.
Speaker 4: Oh it's good, It's quite good.
Speaker 3: I've never been in with a solid I'm still I
Speaker 3: could have gone home, buddy and gotten.
Speaker 2: A membership members I'm sorry.
Speaker 3: A Costco member. You know, I still am not a
Speaker 3: Costco member, all right? So interesting because Costco tends to
Speaker 3: be a wealthier consumer. So interesting. Stack's still up about
Speaker 3: sixteen percent year to date, so absolutely, but maybe a
Speaker 3: different trade today, let's go to Gap.
Speaker 4: Yes, So also keeping a bit of an eye on
Speaker 4: the consumer, we are seeing shares of Gap lower falling
Speaker 4: for double digit losses is after its fourth quarter sales
Speaker 4: and profit both miss expectations. And digging a little bit
Speaker 4: under the hood, we saw that both Old Navy and
Speaker 4: Athleta they were the ones that reported some of the
Speaker 4: lower metrics, and we know Athleta is their biggest brand.
Speaker 4: One of the sources in this story that we have
Speaker 4: on the Bloomberg terminal on managing director at Global Data
Speaker 4: saying that athlete is just bland. He's essentially saying that
Speaker 4: they're able to be right, it didn't.
Speaker 1: But maybe the whole category has been shifted.
Speaker 2: Let me look at.
Speaker 4: Lulu, right, and so it's hard for them to keep
Speaker 4: up with competition. So they're really trying to rework and
Speaker 4: kind of paint a turnarout story for that brand. We
Speaker 4: know Athleta is their biggest brand. Gap and Banana Republic
Speaker 4: both they were pretty decent this quarter. So they also
Speaker 4: did see a forecast for twenty twenty six that was
Speaker 4: a bright spot for them.
Speaker 1: But he says Gap is cool again.
Speaker 4: I mean, who's there? Are you?
Speaker 1: What do you mean who's there?
Speaker 4: I'm curious?
Speaker 1: No, Like, well, in the nineties, in the nineties, yes,
Speaker 1: I'm resit with you. Literally, we'd have European friends come
Speaker 1: visit us and they'd buy stuff from Gap. Yeah, bring
Speaker 1: it back to euar if they bring like an extra suitcase.
Speaker 1: I mean, this is cool stuff. And now yeah, now,
Speaker 1: it's cool again.
Speaker 3: I remember I remember Banana Republic was like you'd walk
Speaker 3: in and it was like you're on a safari. It
Speaker 3: was a really fun what a time and like I'm serious,
Speaker 3: like you think about what it's become. Right, So you
Speaker 3: know these retailers change a lot often. All right, all right,
Speaker 3: so gap and then let's get to not down love
Speaker 3: this ticker.
Speaker 4: Right, So this is a quirky one. I know you
Speaker 4: guys like quirky names. So this one the ticker down
Speaker 4: daw in. This is Day one. Bio Pharmaceutical was a
Speaker 4: company I digged a be deeper into because I wasn't
Speaker 4: familiar with. Yeah, so two point two billion dollars in
Speaker 4: market cap. But the reason that we're seeing this in
Speaker 4: the news today, it's a company that's based in San Francisco,
Speaker 4: and it's surging more than sixty percent today, in saying
Speaker 4: it's on pace for its biggest gain since twenty twenty two,
Speaker 4: just a stellar rally. This is after the and drug
Speaker 4: maker Servia agreed to buy the company for two point
Speaker 4: five billion dollars. This is a sixty eight percent premium
Speaker 4: from Day one's closing price yesterday, and Servia essentially wants
Speaker 4: to become a leader when we think about the treatments
Speaker 4: for rare tumors, buy twenty thirty and they see day
Speaker 4: one as a way to get there. And so we
Speaker 4: do see shares of day one up about one hundred
Speaker 4: and twenty seven percent year today, but almost one hundred
Speaker 4: percent of that coming from today's day gains alone.
Speaker 3: Yeah, that's quite a bump, but it makes sense, right.
Speaker 3: You see, we've seen I feel like a lot of
Speaker 3: movement in the pharmaceutical space, companies picking up other companies.
Speaker 3: All right, good stuff, as always normal, Enda, Bloomberg TV
Speaker 3: Market correspondent.
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