WEBVTT - Weekly Roundup: Brown-Forman Soars, Entergy Gains, Estee Lauder Drops

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers report your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Jim Stenovek along with Isabelle Lee. Let's take a

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<v Speaker 1>look at some stocks on the move this week. We

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<v Speaker 1>are joined by Bloomberg News Equities reporter Avalon Parnell. How

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<v Speaker 1>are you good?

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<v Speaker 3>How are you guys doing? We's taking a party.

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<v Speaker 1>Yeah, we had a little party in here and we're

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<v Speaker 1>going to continue the party and keep it going. Not

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<v Speaker 1>a party if you're long in this market? What did

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<v Speaker 1>you find her cheek?

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<v Speaker 3>I actually have a pretty mixed group, some good, some bad.

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<v Speaker 3>We can start off with one of the goods. So

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<v Speaker 3>Brown Foreman, that's ticker BF slash B jump nineteen percent

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<v Speaker 3>this week to notch its biggest weekly gain since nineteen

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<v Speaker 3>ninety three. That's after the firm Conformed confirmed that it

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<v Speaker 3>was in talks with Pronol Recard to merge amid an

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<v Speaker 3>industry wide downturn. So despite the party, people aren't really

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<v Speaker 3>drinking these days, and as consumer tastes continue to change,

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<v Speaker 3>people are thinking that the combo of Perno's brands like

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<v Speaker 3>Absolute Vodka and Jamison Irish whiskey could mesh well with

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<v Speaker 3>Brown Foreman's whiskeys as well, So we'll take a look

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<v Speaker 3>and keep an eye out for it. JP Morgan still

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<v Speaker 3>says that while the deal makes strategic sense, it's unclear

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<v Speaker 3>how the family will actually vote.

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<v Speaker 1>They have voting control. It's in generations. I mean we're

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<v Speaker 1>talking about the parent company of Jack Daniels. Like this

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<v Speaker 1>goes back many, many.

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<v Speaker 3>Years since nineteen ninety three. Is really Oh for just

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<v Speaker 3>the stock performance this week?

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<v Speaker 1>Yeah, pretty amazing.

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<v Speaker 3>What's next? ESTI Latter is my mom's favorite makeup brand.

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<v Speaker 2>Oh, I am my.

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<v Speaker 3>Mom's favorite brand as well.

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<v Speaker 2>That's you think.

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<v Speaker 1>I don't hear of a lot of young people in

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<v Speaker 1>my friend group, okay, favoring it, and.

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<v Speaker 3>That may be part of the problem. It's dropped twenty

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<v Speaker 3>two percent this week. That's after the beauty company confirmed

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<v Speaker 3>it was in talks to merge with the Spanish brand Pooge,

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<v Speaker 3>which some of us may know their brands like Charlotte

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<v Speaker 3>Tilbury and Carolina Herrera which at least for me with

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<v Speaker 3>her fume, big fan. But a lets say that while

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<v Speaker 3>the merger could boost STU Latter's fragrances segment. There's still

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<v Speaker 3>a lot of questions about whether the timing is right

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<v Speaker 3>when Stu latter is still in the very early stages

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<v Speaker 3>of recovery.

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<v Speaker 1>Okay, we have one last very quick energy Yes.

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<v Speaker 3>Entergy tigger et R gained ten percent this week, hit

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<v Speaker 3>a record high and also close at its highest level

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<v Speaker 3>since nineteen eighty. That's after Meta agreed to fund seven

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<v Speaker 3>gas plants to provide electricity to a data center that

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<v Speaker 3>it has in Louisiana. And Yeah, Jeffrey says that energy

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<v Speaker 3>remains the best way to invest in data centers through utilities.

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<v Speaker 3>Your size and scopes are fantastic since nineteen eighty, since

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<v Speaker 3>nineteen ninety three.

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<v Speaker 1>This is what you have to know about Avalon prow.

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<v Speaker 2>I know I'm feeling stuck.

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<v Speaker 1>It comes to play.

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<v Speaker 2>You're great.

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<v Speaker 1>You definitely beat me when I do the mover, So.

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<v Speaker 2>This is great.

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<v Speaker 1>There's room for everybody here.

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<v Speaker 2>Why don't you have both of us?

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<v Speaker 1>That'll be fun.

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<v Speaker 3>It'll be a fifteen minute segment.

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<v Speaker 1>That sounds great. That's Avalon. She's Bloomberg News Equities reporter. Here.

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<v Speaker 1>For more conversations like this, check out our new Stockmovers podcast.

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<v Speaker 1>You can subscribe for five minute episodes on the biggest

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<v Speaker 1>winners and losers in the stock market. Checkout Stockmovers and Apple,

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<v Speaker 2>The Stockmover's Report from Bloomberg Radio. Check back with us

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