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 1: I'm Jim Stenovek along with Isabelle Lee. Let's take a
Speaker 1: look at some stocks on the move this week. We
Speaker 1: are joined by Bloomberg News Equities reporter Avalon Parnell. How
Speaker 1: are you good?
Speaker 3: How are you guys doing? We's taking a party.
Speaker 1: Yeah, we had a little party in here and we're
Speaker 1: going to continue the party and keep it going. Not
Speaker 1: a party if you're long in this market? What did
Speaker 1: you find her cheek?
Speaker 3: I actually have a pretty mixed group, some good, some bad.
Speaker 3: We can start off with one of the goods. So
Speaker 3: Brown Foreman, that's ticker BF slash B jump nineteen percent
Speaker 3: this week to notch its biggest weekly gain since nineteen
Speaker 3: ninety three. That's after the firm Conformed confirmed that it
Speaker 3: was in talks with Pronol Recard to merge amid an
Speaker 3: industry wide downturn. So despite the party, people aren't really
Speaker 3: drinking these days, and as consumer tastes continue to change,
Speaker 3: people are thinking that the combo of Perno's brands like
Speaker 3: Absolute Vodka and Jamison Irish whiskey could mesh well with
Speaker 3: Brown Foreman's whiskeys as well, So we'll take a look
Speaker 3: and keep an eye out for it. JP Morgan still
Speaker 3: says that while the deal makes strategic sense, it's unclear
Speaker 3: how the family will actually vote.
Speaker 1: They have voting control. It's in generations. I mean we're
Speaker 1: talking about the parent company of Jack Daniels. Like this
Speaker 1: goes back many, many.
Speaker 3: Years since nineteen ninety three. Is really Oh for just
Speaker 3: the stock performance this week?
Speaker 1: Yeah, pretty amazing.
Speaker 3: What's next? ESTI Latter is my mom's favorite makeup brand.
Speaker 2: Oh, I am my.
Speaker 3: Mom's favorite brand as well.
Speaker 2: That's you think.
Speaker 1: I don't hear of a lot of young people in
Speaker 1: my friend group, okay, favoring it, and.
Speaker 3: That may be part of the problem. It's dropped twenty
Speaker 3: two percent this week. That's after the beauty company confirmed
Speaker 3: it was in talks to merge with the Spanish brand Pooge,
Speaker 3: which some of us may know their brands like Charlotte
Speaker 3: Tilbury and Carolina Herrera which at least for me with
Speaker 3: her fume, big fan. But a lets say that while
Speaker 3: the merger could boost STU Latter's fragrances segment. There's still
Speaker 3: a lot of questions about whether the timing is right
Speaker 3: when Stu latter is still in the very early stages
Speaker 3: of recovery.
Speaker 1: Okay, we have one last very quick energy Yes.
Speaker 3: Entergy tigger et R gained ten percent this week, hit
Speaker 3: a record high and also close at its highest level
Speaker 3: since nineteen eighty. That's after Meta agreed to fund seven
Speaker 3: gas plants to provide electricity to a data center that
Speaker 3: it has in Louisiana. And Yeah, Jeffrey says that energy
Speaker 3: remains the best way to invest in data centers through utilities.
Speaker 3: Your size and scopes are fantastic since nineteen eighty, since
Speaker 3: nineteen ninety three.
Speaker 1: This is what you have to know about Avalon prow.
Speaker 2: I know I'm feeling stuck.
Speaker 1: It comes to play.
Speaker 2: You're great.
Speaker 1: You definitely beat me when I do the mover, So.
Speaker 2: This is great.
Speaker 1: There's room for everybody here.
Speaker 2: Why don't you have both of us?
Speaker 1: That'll be fun.
Speaker 3: It'll be a fifteen minute segment.
Speaker 1: That sounds great. That's Avalon. She's Bloomberg News Equities reporter. Here.
Speaker 1: For more conversations like this, check out our new Stockmovers podcast.
Speaker 1: You can subscribe for five minute episodes on the biggest
Speaker 1: winners and losers in the stock market. Checkout Stockmovers and Apple,
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Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us
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