1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:16,440 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:19,400 Speaker 1: I'm Jim Stenovek along with Isabelle Lee. Let's take a 5 00:00:19,440 --> 00:00:21,200 Speaker 1: look at some stocks on the move this week. We 6 00:00:21,239 --> 00:00:24,280 Speaker 1: are joined by Bloomberg News Equities reporter Avalon Parnell. How 7 00:00:24,320 --> 00:00:25,279 Speaker 1: are you good? 8 00:00:25,400 --> 00:00:27,040 Speaker 3: How are you guys doing? We's taking a party. 9 00:00:27,320 --> 00:00:29,480 Speaker 1: Yeah, we had a little party in here and we're 10 00:00:29,480 --> 00:00:31,560 Speaker 1: going to continue the party and keep it going. Not 11 00:00:31,680 --> 00:00:34,000 Speaker 1: a party if you're long in this market? What did 12 00:00:34,000 --> 00:00:34,800 Speaker 1: you find her cheek? 13 00:00:35,000 --> 00:00:38,240 Speaker 3: I actually have a pretty mixed group, some good, some bad. 14 00:00:38,280 --> 00:00:39,960 Speaker 3: We can start off with one of the goods. So 15 00:00:40,159 --> 00:00:44,040 Speaker 3: Brown Foreman, that's ticker BF slash B jump nineteen percent 16 00:00:44,159 --> 00:00:47,080 Speaker 3: this week to notch its biggest weekly gain since nineteen 17 00:00:47,200 --> 00:00:51,320 Speaker 3: ninety three. That's after the firm Conformed confirmed that it 18 00:00:51,360 --> 00:00:54,200 Speaker 3: was in talks with Pronol Recard to merge amid an 19 00:00:54,280 --> 00:00:58,080 Speaker 3: industry wide downturn. So despite the party, people aren't really 20 00:00:58,120 --> 00:01:01,600 Speaker 3: drinking these days, and as consumer tastes continue to change, 21 00:01:01,880 --> 00:01:04,520 Speaker 3: people are thinking that the combo of Perno's brands like 22 00:01:04,560 --> 00:01:08,200 Speaker 3: Absolute Vodka and Jamison Irish whiskey could mesh well with 23 00:01:08,959 --> 00:01:12,360 Speaker 3: Brown Foreman's whiskeys as well, So we'll take a look 24 00:01:12,400 --> 00:01:14,440 Speaker 3: and keep an eye out for it. JP Morgan still 25 00:01:14,480 --> 00:01:17,400 Speaker 3: says that while the deal makes strategic sense, it's unclear 26 00:01:17,440 --> 00:01:19,400 Speaker 3: how the family will actually vote. 27 00:01:20,040 --> 00:01:23,080 Speaker 1: They have voting control. It's in generations. I mean we're 28 00:01:23,120 --> 00:01:26,120 Speaker 1: talking about the parent company of Jack Daniels. Like this 29 00:01:26,240 --> 00:01:27,400 Speaker 1: goes back many, many. 30 00:01:27,280 --> 00:01:30,959 Speaker 3: Years since nineteen ninety three. Is really Oh for just 31 00:01:31,000 --> 00:01:32,080 Speaker 3: the stock performance this week? 32 00:01:32,120 --> 00:01:32,959 Speaker 1: Yeah, pretty amazing. 33 00:01:33,120 --> 00:01:35,919 Speaker 3: What's next? ESTI Latter is my mom's favorite makeup brand. 34 00:01:36,040 --> 00:01:37,039 Speaker 2: Oh, I am my. 35 00:01:37,080 --> 00:01:38,399 Speaker 3: Mom's favorite brand as well. 36 00:01:38,520 --> 00:01:39,080 Speaker 2: That's you think. 37 00:01:39,160 --> 00:01:41,560 Speaker 1: I don't hear of a lot of young people in 38 00:01:41,600 --> 00:01:44,839 Speaker 1: my friend group, okay, favoring it, and. 39 00:01:44,760 --> 00:01:47,520 Speaker 3: That may be part of the problem. It's dropped twenty 40 00:01:47,560 --> 00:01:51,080 Speaker 3: two percent this week. That's after the beauty company confirmed 41 00:01:51,120 --> 00:01:54,080 Speaker 3: it was in talks to merge with the Spanish brand Pooge, 42 00:01:54,160 --> 00:01:56,760 Speaker 3: which some of us may know their brands like Charlotte 43 00:01:56,800 --> 00:01:59,440 Speaker 3: Tilbury and Carolina Herrera which at least for me with 44 00:01:59,560 --> 00:02:03,240 Speaker 3: her fume, big fan. But a lets say that while 45 00:02:03,280 --> 00:02:07,680 Speaker 3: the merger could boost STU Latter's fragrances segment. There's still 46 00:02:07,680 --> 00:02:09,680 Speaker 3: a lot of questions about whether the timing is right 47 00:02:09,680 --> 00:02:12,680 Speaker 3: when Stu latter is still in the very early stages 48 00:02:12,680 --> 00:02:13,320 Speaker 3: of recovery. 49 00:02:13,680 --> 00:02:18,000 Speaker 1: Okay, we have one last very quick energy Yes. 50 00:02:18,000 --> 00:02:21,639 Speaker 3: Entergy tigger et R gained ten percent this week, hit 51 00:02:21,680 --> 00:02:23,959 Speaker 3: a record high and also close at its highest level 52 00:02:23,960 --> 00:02:27,560 Speaker 3: since nineteen eighty. That's after Meta agreed to fund seven 53 00:02:27,600 --> 00:02:30,320 Speaker 3: gas plants to provide electricity to a data center that 54 00:02:30,360 --> 00:02:34,120 Speaker 3: it has in Louisiana. And Yeah, Jeffrey says that energy 55 00:02:34,160 --> 00:02:38,000 Speaker 3: remains the best way to invest in data centers through utilities. 56 00:02:38,120 --> 00:02:41,040 Speaker 3: Your size and scopes are fantastic since nineteen eighty, since 57 00:02:41,080 --> 00:02:42,160 Speaker 3: nineteen ninety three. 58 00:02:42,800 --> 00:02:44,640 Speaker 1: This is what you have to know about Avalon prow. 59 00:02:45,000 --> 00:02:45,960 Speaker 2: I know I'm feeling stuck. 60 00:02:46,040 --> 00:02:46,840 Speaker 1: It comes to play. 61 00:02:47,840 --> 00:02:48,360 Speaker 2: You're great. 62 00:02:48,480 --> 00:02:50,440 Speaker 1: You definitely beat me when I do the mover, So. 63 00:02:50,480 --> 00:02:51,080 Speaker 2: This is great. 64 00:02:52,200 --> 00:02:53,720 Speaker 1: There's room for everybody here. 65 00:02:54,160 --> 00:02:55,080 Speaker 2: Why don't you have both of us? 66 00:02:55,120 --> 00:02:55,760 Speaker 1: That'll be fun. 67 00:02:55,919 --> 00:02:57,360 Speaker 3: It'll be a fifteen minute segment. 68 00:02:57,440 --> 00:03:02,560 Speaker 1: That sounds great. That's Avalon. She's Bloomberg News Equities reporter. Here. 69 00:03:02,600 --> 00:03:05,200 Speaker 1: For more conversations like this, check out our new Stockmovers podcast. 70 00:03:05,240 --> 00:03:07,760 Speaker 1: You can subscribe for five minute episodes on the biggest 71 00:03:07,760 --> 00:03:10,680 Speaker 1: winners and losers in the stock market. Checkout Stockmovers and Apple, 72 00:03:10,720 --> 00:03:14,359 Speaker 1: Spotify or anywhere you get your podcasts. 73 00:03:15,760 --> 00:03:20,000 Speaker 2: The Stockmover's Report from Bloomberg Radio. 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