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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data. I'm

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Speaker 2: Tim Statveeck along with Carol Master.

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Speaker 1: Let's take a look at some stocks on the move

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Speaker 1: today with.

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Speaker 2: Us is a Bloomberg News reporter, Danita so Covid Denitza.

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Speaker 2: What is on your radar.

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Speaker 3: Let's look at KDR.

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Speaker 4: That's one of the biggest decliners today. It dropped as

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Speaker 4: much as eight point six percent. So this is an

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Speaker 4: engineering company that has a lot of government contracts.

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Speaker 3: We're talking Department of Defense, We're talking.

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Speaker 4: NASA, We're talking a lot of those big names, and

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Speaker 4: today there was an announcement that one of the contracts

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Speaker 4: was terminated by the US Transportation Command. It's interesting because

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Speaker 4: the company says that this development is not expected to

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Speaker 4: have a material impact.

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Speaker 3: They had a really strong earnings.

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Speaker 4: Report, but clearly, obviously in a very low volume day,

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Speaker 4: markets are reacting quite negatively.

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Speaker 1: Investorsting differently maybe about that material impacted.

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Speaker 4: The eye says the determination of the contract may reflect

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Speaker 4: risks to government service providers, and obviously.

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Speaker 3: That company has a lot of exposures to government contract b.

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Speaker 4: I was actually very bullish after the earnings report, just

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Speaker 4: because the company has stayed away from risk infrastructure contract

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Speaker 4: and relied on government contracts.

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Speaker 3: But clearly that's a problem now.

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Speaker 4: The stock is down more than fifteen percent year today,

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Speaker 4: and I think it's a good proxy to see with

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Speaker 4: all those companies who are relying heavily on government contracts.

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Speaker 3: So it's an interesting name.

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Speaker 1: Agreed, agreed, and right. It looks like there are some

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Speaker 1: that will maybe do well going forward and some that

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Speaker 1: might not. And this one certainly seems under pressure.

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Speaker 2: Again.

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Speaker 1: KBR is a ticker and it's down seven percent. Let's

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Speaker 1: go to one that has been on fire this month.

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Speaker 3: Yes, I keep checking the price.

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Speaker 4: Now it's nearly seven hundred percent, it's about six hundred

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Speaker 4: and seventy.

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Speaker 3: It just never stops down. No, it actually went down today,

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Speaker 3: but it's so small they cannot see ticer. Please.

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Speaker 4: C r CL today rules as much as twenty five percent,

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Speaker 4: and it's actually because they initiated a by rating at Seaport.

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Speaker 4: But the by rating was two hundred and thirty five

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Speaker 4: percent price tag, which was already reached. Today, we're a

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Speaker 4: little bit lower now, but it just tells you how rapid.

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Speaker 3: This rally is.

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Speaker 4: Obviously that's a name that just ipo. There has been

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Speaker 4: big legislation in the Senate that is moving setting up

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Speaker 4: regulatory rules.

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Speaker 1: What a circle Internet doable coins? Yes, stable con thank

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Speaker 1: you crypto dude, and no, no crypto dude, I'm non

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Speaker 1: crypto man.

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Speaker 3: You've graduate boy.

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Speaker 1: Yeah, he's been upgraded, he's been upraded.

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Speaker 3: Okay, so they're going beyond stable coins.

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Speaker 4: They have a payments network to help financial institutions. So

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Speaker 4: that's why we saw MasterCard and Visa following the other day.

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Speaker 3: So it's a little bit more than just stable coin.

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Speaker 3: But anyway, a lot of optimism.

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Speaker 1: They're unbelievable and believable.

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Speaker 2: I find it convinced Carol to do one of these

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Speaker 2: as their gainer.

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Speaker 1: I know you're like, you got it, you have to

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Speaker 1: do this, you have to do this, and you know,

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Speaker 1: once again he was right.

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Speaker 4: Kroger, Yeah, that's a very different company. A rose as

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Speaker 4: much as ten percent on a good earning sere it could.

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Speaker 1: Be a Kroger stable coin in our future to buy grocery.

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Speaker 3: Do you think it's possible? And it's possible. They're not

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Speaker 3: doing it.

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Speaker 1: We're just speculating.

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Speaker 4: We're so yeah good earning support signed that consumers. We're

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Speaker 4: so worried about consumers, but they're still spending on those Essentially, Obviously,

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Speaker 4: Kroger has a lot of groceries, and one thing we're

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Speaker 4: seeing when consumers are pulling out, they're eating more at home.

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Speaker 4: So that's one reason perhaps a brand like Kroger is

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Speaker 4: not necessarily seeing so much pressure. The report was really good,

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Speaker 4: comparable sales rolls three point two percent. The company raised

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Speaker 4: its full weir sales guidance. The CEOs said that the

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Speaker 4: company h has seen an improvement in also leave volumes,

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Speaker 4: So overall pretty bullish about the consumers. Of course, this

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Speaker 4: is just kind of an essential uh chain, so we

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Speaker 4: cannot say that necessarily it means that the consumer is

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Speaker 4: doing so much better. But one one good sign that

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Speaker 4: consumers continue continue to spend on necessities and groceries.

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Speaker 1: Got to eat, got to eat. I think I heard

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Speaker 1: poster you can't eat stable coins.

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Speaker 3: That's true, that's right.

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Speaker 1: I'm told you.

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Speaker 3: Can eat those chocolate coins.

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Speaker 1: Remember those little chocolate coins.

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Speaker 3: We used to get?

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Speaker 1: Yeah, and I know who does it.

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Speaker 2: The Stock Movers Podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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