1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios podcasts, radio News. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,400 --> 00:00:19,440 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,560 --> 00:00:22,360 Speaker 1: I'm Tim Staavebeck along with Normal Linda. We're joined by 6 00:00:22,400 --> 00:00:26,079 Speaker 1: Bloomberg News Acuities reporter Natalia Kenny j Vic. What's on 7 00:00:26,120 --> 00:00:26,600 Speaker 1: your radar? 8 00:00:27,240 --> 00:00:30,160 Speaker 3: I actually have three gainers for you guys today. Let's 9 00:00:30,200 --> 00:00:34,560 Speaker 3: start with Energy Venture Global ticker VG. The stock is 10 00:00:34,640 --> 00:00:38,720 Speaker 3: up by almost seven percent today. Sources told Bloomberg that 11 00:00:38,760 --> 00:00:41,839 Speaker 3: the company is close to reaching an agreement for a 12 00:00:41,880 --> 00:00:45,400 Speaker 3: twenty billion dollar financing package to complete one of its 13 00:00:45,520 --> 00:00:50,239 Speaker 3: LNG Liquified natural Gas expert projects. Sources also said that 14 00:00:50,320 --> 00:00:55,520 Speaker 3: European banks Banco, Santander and IG Group are also among 15 00:00:56,040 --> 00:01:01,040 Speaker 3: the arrangers. And finally, they said that the deal decision 16 00:01:01,080 --> 00:01:03,720 Speaker 3: at least investment could be made as soon as at 17 00:01:03,720 --> 00:01:07,039 Speaker 3: the end of this month. So this milestone could potentially 18 00:01:07,080 --> 00:01:10,600 Speaker 3: put Venture Global on pace to overtake the largest US 19 00:01:10,720 --> 00:01:15,959 Speaker 3: energy Exporttionineer Energy. But guys, despite today's gain, I have 20 00:01:16,080 --> 00:01:19,039 Speaker 3: to point out that the stock is down by almost 21 00:01:19,280 --> 00:01:23,679 Speaker 3: thirty percent since its ipo Enganuary. That was one of 22 00:01:23,680 --> 00:01:28,200 Speaker 3: the IPOs that was kind of highly anticipated because fundamentals 23 00:01:28,240 --> 00:01:31,319 Speaker 3: are there, but it was a big disappointment for the market. 24 00:01:31,600 --> 00:01:33,840 Speaker 4: And we've seen so many of those IPOs recently where 25 00:01:33,840 --> 00:01:36,199 Speaker 4: we had them really blowing coming out of the gate, 26 00:01:36,240 --> 00:01:38,959 Speaker 4: and then now people are getting a little bit more apprehensive. 27 00:01:39,160 --> 00:01:43,080 Speaker 3: Exactly, it looks like crypto. That's the sector that always 28 00:01:43,120 --> 00:01:44,959 Speaker 3: you know as well, yeah. 29 00:01:44,680 --> 00:01:48,120 Speaker 1: Always until it doesn't, right, until it doesn't. Who knows, 30 00:01:48,120 --> 00:01:50,280 Speaker 1: who knows what the future holds. Wile to think that, 31 00:01:50,360 --> 00:01:52,200 Speaker 1: you know, just a year ago, this was still a 32 00:01:52,200 --> 00:01:56,840 Speaker 1: privately held company. So Venture Global, we're talking LNG. That's 33 00:01:56,880 --> 00:01:59,120 Speaker 1: one of the companies that you've got your eye on. 34 00:01:59,480 --> 00:02:02,560 Speaker 1: Let's talk a little bit about some apparel. Levi's exactly. 35 00:02:02,680 --> 00:02:05,320 Speaker 3: Levi I saw shares are up, let me check guys 36 00:02:05,360 --> 00:02:08,680 Speaker 3: by more than eleven percent after of course, this positive 37 00:02:08,720 --> 00:02:11,960 Speaker 3: earnings result. The main takeaway here is that the company 38 00:02:12,080 --> 00:02:16,040 Speaker 3: raised full year guidance. And then for example, if we 39 00:02:16,160 --> 00:02:19,120 Speaker 3: compare the last time when they reported earnings, they expected 40 00:02:19,160 --> 00:02:23,240 Speaker 3: revenue to decline. Now they see a revenue to be 41 00:02:23,360 --> 00:02:26,480 Speaker 3: up between one and two percent for the full fiscal 42 00:02:26,639 --> 00:02:31,600 Speaker 3: year and Also, Bloomberg Intelligence is saying that this forecast 43 00:02:31,680 --> 00:02:36,240 Speaker 3: can still underestimate the upside. CFO who was on your show, 44 00:02:36,280 --> 00:02:39,760 Speaker 3: guys earlier today, he said that the company has no 45 00:02:39,919 --> 00:02:42,799 Speaker 3: plans to move production to the US, right, and then 46 00:02:43,320 --> 00:02:48,000 Speaker 3: the company said that this full impact on profitability excluding 47 00:02:48,040 --> 00:02:51,880 Speaker 3: mitigation efforts could be somewhere between twenty five and thirty 48 00:02:51,919 --> 00:02:56,240 Speaker 3: million dollars. Just to compare, GAP expect this tariff hit 49 00:02:56,360 --> 00:03:00,560 Speaker 3: to be somewhere around three hundred million dollars. So this 50 00:03:00,680 --> 00:03:02,639 Speaker 3: is just you know, it's interesting to look at all 51 00:03:02,680 --> 00:03:05,800 Speaker 3: those retail players and how they expect and anticipate. 52 00:03:05,880 --> 00:03:07,800 Speaker 4: And I'm looking at analysts here on the street. We 53 00:03:07,919 --> 00:03:10,959 Speaker 4: have nine by ratings on this stock in comparison to 54 00:03:11,000 --> 00:03:13,280 Speaker 4: three holed zero cells. So we really are seeing people 55 00:03:13,360 --> 00:03:16,600 Speaker 4: pretty bullish on Levi Strauss, especially what shares of about 56 00:03:16,639 --> 00:03:18,880 Speaker 4: twenty three percent this year, and that's in comparison to 57 00:03:19,320 --> 00:03:22,200 Speaker 4: single digit gains the past two So really seeing a 58 00:03:22,360 --> 00:03:24,600 Speaker 4: rally here for the stock. You're looking at AMC as 59 00:03:24,600 --> 00:03:25,440 Speaker 4: well MC. 60 00:03:25,639 --> 00:03:30,000 Speaker 3: I think everyone knows this company Tickler AMC. It is 61 00:03:30,160 --> 00:03:35,280 Speaker 3: up today also by above ten point six percent, after 62 00:03:35,400 --> 00:03:39,920 Speaker 3: web Bush upgraded this stock to outperform from neutral. The 63 00:03:40,000 --> 00:03:43,480 Speaker 3: ANALYSTI is saying that the company can benefit from more 64 00:03:43,560 --> 00:03:48,560 Speaker 3: consistent release slate over the next several years. AMC also 65 00:03:49,000 --> 00:03:53,480 Speaker 3: either repaid or postponed its year debt that was due 66 00:03:53,520 --> 00:03:57,400 Speaker 3: to twenty twenty six. The price target was raised to 67 00:03:57,640 --> 00:04:02,600 Speaker 3: four dollars from three. Today prices three point three. And 68 00:04:02,640 --> 00:04:05,320 Speaker 3: by the way, this is the only one by rating 69 00:04:05,520 --> 00:04:10,200 Speaker 3: among analysts tracked by Bloomberg. Here Today the stock is 70 00:04:10,200 --> 00:04:13,800 Speaker 3: down by sixteen percent, and I just checked the short 71 00:04:13,840 --> 00:04:17,560 Speaker 3: interest on the stock. It is currently hovers at around 72 00:04:17,640 --> 00:04:22,520 Speaker 3: fifteen percent or just compared to the overall amount of 73 00:04:22,680 --> 00:04:28,080 Speaker 3: traded shares, and it's actually rising, so potentially short sellers 74 00:04:28,240 --> 00:04:30,480 Speaker 3: are coming back despite this news. 75 00:04:30,680 --> 00:04:33,400 Speaker 1: I want to remind everybody about the meme stock status 76 00:04:33,400 --> 00:04:35,960 Speaker 1: that this company had back in twenty twenty one. It 77 00:04:36,000 --> 00:04:40,520 Speaker 1: reached a market cap of twenty nine billion dollars. That 78 00:04:40,680 --> 00:04:43,880 Speaker 1: was back on June thirtieth, twenty twenty one. Now it's 79 00:04:43,920 --> 00:04:48,000 Speaker 1: at one point four four billion dollars. 80 00:04:48,279 --> 00:04:52,400 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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