Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 1: Well stock Movers, it's a podcast. Here is Lisa Mantail.
Speaker 3: All right, I want to start with Constellation Brands. It's
Speaker 3: Sticker Stz. Their shares have been down as much as
Speaker 3: one percent before the bell A couple things, weaker demand
Speaker 3: for alcohol, higher costs from aluminum tariffs, beer margins. They
Speaker 3: were hit by the twenty five percent tariffs on imported aluminum.
Speaker 3: Think of Modelo right, Corona Wines and spirits, labels like
Speaker 3: Kim Crawford, Cosan, Noble Tequila. They had sales fall by
Speaker 3: twenty eight percent in the quarter. So the company said
Speaker 3: they did a few things. They slowed shipments to kind
Speaker 3: of deal with that week or demand. They also this
Speaker 3: is interesting here, they also decided to pull back among
Speaker 3: Hispanic consumers and they make up more than half of
Speaker 3: Modello drinkers, which I thought was interesting because they have
Speaker 3: concerned about inflation, immigration, job security. So what Consolation is
Speaker 3: trying to do. They're ramping up their marketing to non
Speaker 3: hispatic audiences.
Speaker 1: Is this. I don't mean to interrupt. So you know,
Speaker 1: I was talking to Riley from Saint Louis. She's a
Speaker 1: big fan and she she has the cute little girl cans.
Speaker 1: They're in a refrigerator. Okay, what are they called?
Speaker 3: The little spirits like the Selzer's Selzer's, Yes, that's it.
Speaker 1: Are they that? What's really going on?
Speaker 3: That's also people are drinking Selzer's and said, but they're
Speaker 3: also drinking non more non alcoholic, especially the younger generation,
Speaker 3: and they're turning to alternatives. Some are going to cannabis
Speaker 3: infuse drinks too, instead of the alcohol altogether. And that's
Speaker 3: a big trend. A lot of those alcohol companies that
Speaker 3: have been switching to cannabis. I know, you got to
Speaker 3: get on the train, you know.
Speaker 1: I'm remember Jack Daniels. Sure, how quaint jets.
Speaker 3: Jack and Coke.
Speaker 2: There you go.
Speaker 3: Health insurer Senteen really taking a hit. Their shares have
Speaker 3: been down as much as twenty seven percent. It's ticker
Speaker 3: C and C. So the thing is they pulled their
Speaker 3: twenty twenty five guidance. They said it was due to
Speaker 3: insurance market trends. It's threatening. It's one point eight billion
Speaker 3: dollars in revenue. One particular thing they did mention is
Speaker 3: the adjustment to compensate insurance for taking on seecret patments.
Speaker 3: That actually fell short of what they expected, so that
Speaker 3: was an issue. They also reported a step up in
Speaker 3: Medicaid costs, and they said that's going to increase, you know,
Speaker 3: their medical expenses in the second quarter. But this is
Speaker 3: the second time we've seen this, right, a large insurer
Speaker 3: pulling their forecast. Remember United Health with drew their guidance
Speaker 3: in May. Some analysts said, you know what, we saw
Speaker 3: the writing on the wall with Centen. Jeffries said it
Speaker 3: in an earlier note. You had Barclay's analysts who are
Speaker 3: suggesting that this move suggests, you know, the Affordable Care
Speaker 3: Act marketplace could spiral in twenty twenty six. But it's
Speaker 3: also pushing shares of other health insurance like Evin's Health
Speaker 3: Oscar Health. They're also lower this morning too. On top
Speaker 3: of that new more I do really quickly, I'm call
Speaker 3: center software maker Barrant Warrant Yes take a vr NTVV
Speaker 3: yes V with the V yes take a VRNT. Their
Speaker 3: shares are up nine percents, but yesterday they jumped as
Speaker 3: much as sixteen percent. Bloomberg came out with the story,
Speaker 3: reported that that buyo from Tomorrow Bravos and talks to
Speaker 3: acquire the company, sources saying there's no certainty that this
Speaker 3: will even happen, but both sides didn't say anything, but
Speaker 3: the news does have those shares edging a little bit higher.
Speaker 3: This morning, a Long Island company, Melville Yeah, Melville Yeah. Melville,
Speaker 3: New York based firm.
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