1 00:00:00,120 --> 00:00:08,840 Speaker 1: Bloomberg Audio Studios podcasts, radio News, The. 2 00:00:08,920 --> 00:00:13,159 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,240 --> 00:00:16,520 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,600 --> 00:00:19,640 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,720 --> 00:00:22,239 Speaker 1: I'm Tim Stenovic along with Carol Master and we're joined 6 00:00:22,239 --> 00:00:26,320 Speaker 1: by Bloomberg News Ecutors reporter Carmen Ryanikey. We got to 7 00:00:26,360 --> 00:00:28,360 Speaker 1: start with the most traded stocks. 8 00:00:28,120 --> 00:00:30,560 Speaker 3: We do, and it is the meme stocks. They're all 9 00:00:30,560 --> 00:00:32,279 Speaker 3: their age this week, and I mean there's a lot 10 00:00:32,320 --> 00:00:34,279 Speaker 3: to talk about. So I wanted to start off with 11 00:00:34,760 --> 00:00:37,559 Speaker 3: Cole's and Open Door, which were the big you know 12 00:00:37,600 --> 00:00:41,880 Speaker 3: gainers yesterday. Today Coles down fourteen percent, open Door down 13 00:00:42,200 --> 00:00:45,519 Speaker 3: twenty quick your son. So it's yeah, it's interesting to 14 00:00:45,520 --> 00:00:47,400 Speaker 3: see that, you know, these stocks have these big run 15 00:00:47,479 --> 00:00:49,960 Speaker 3: ups and then they can just as easily fall a 16 00:00:50,000 --> 00:00:52,920 Speaker 3: lot the next day. So big moves there from Coles 17 00:00:53,000 --> 00:00:55,960 Speaker 3: and open Butt. You know, another day sort of minted 18 00:00:56,000 --> 00:00:59,320 Speaker 3: another round of these meme stock players. So we saw 19 00:00:59,440 --> 00:01:01,600 Speaker 3: go pro so intra day it was up as much 20 00:01:01,640 --> 00:01:03,960 Speaker 3: as seventy three percent, which was a record, and then 21 00:01:04,040 --> 00:01:06,360 Speaker 3: it paired really heavily and ended the day up I'm 22 00:01:06,360 --> 00:01:08,560 Speaker 3: about twelve percent, which I thought also really interesting to 23 00:01:08,560 --> 00:01:10,640 Speaker 3: see this big of a swing. And then there are 24 00:01:10,640 --> 00:01:13,759 Speaker 3: a bunch of other stocks, kind of small, high short 25 00:01:13,800 --> 00:01:18,280 Speaker 3: interest stocks that had double digit gains wolf Speed, Iovants, 26 00:01:18,640 --> 00:01:21,800 Speaker 3: Hymns and hers, just stocks that we don't usually see 27 00:01:22,000 --> 00:01:22,880 Speaker 3: jumping this much. 28 00:01:22,959 --> 00:01:24,119 Speaker 1: Why what's going on here? 29 00:01:24,720 --> 00:01:25,520 Speaker 2: I really think that. 30 00:01:25,400 --> 00:01:27,959 Speaker 3: We're just seeing sort of this like a Foamo flight 31 00:01:28,040 --> 00:01:32,840 Speaker 3: to speculative corners of the market. People are excited, they're uphoric. 32 00:01:32,880 --> 00:01:33,720 Speaker 1: The SMP is. 33 00:01:33,760 --> 00:01:35,760 Speaker 3: Near record highs, and they're saying, Okay, are there are 34 00:01:35,760 --> 00:01:38,640 Speaker 3: other places I can go? The high short interest is 35 00:01:38,880 --> 00:01:42,200 Speaker 3: important here. It's sort of where we've seen retail traders 36 00:01:42,360 --> 00:01:44,600 Speaker 3: sort of flock in the past. It's sort of a 37 00:01:44,600 --> 00:01:47,760 Speaker 3: thing that can make a meme stock. So we're watching 38 00:01:47,760 --> 00:01:49,080 Speaker 3: a lot of those names and seeing a lot of 39 00:01:49,120 --> 00:01:49,760 Speaker 3: movement this week. 40 00:01:49,800 --> 00:01:53,000 Speaker 4: All right, So you mentioned Coles sticker is KSS. That 41 00:01:53,040 --> 00:01:56,080 Speaker 4: one was down about fourteen percent. You mentioned Open Door 42 00:01:56,120 --> 00:01:59,640 Speaker 4: Technologies ticker is open it was down twenty percent. You 43 00:01:59,680 --> 00:02:02,520 Speaker 4: mentioned go pro gpr o is the ticker and that 44 00:02:02,560 --> 00:02:05,280 Speaker 4: one was actually up about thirteen percent on this one. 45 00:02:05,360 --> 00:02:08,400 Speaker 1: Did you did mention Donuts? I didn't, but we should see. 46 00:02:08,440 --> 00:02:12,880 Speaker 1: Nut is a weird one one today, Yeah, great, Yeah, 47 00:02:13,000 --> 00:02:15,560 Speaker 1: Krispy Kreme ticker Dnut. This was a weird one because 48 00:02:15,560 --> 00:02:16,920 Speaker 1: it like moved a lot, but then at the end 49 00:02:16,960 --> 00:02:18,520 Speaker 1: of the days so similar. 50 00:02:18,200 --> 00:02:20,680 Speaker 3: To GoPro, had this huge run up up as much 51 00:02:20,720 --> 00:02:23,480 Speaker 3: as thirty eight percent and then closed less than five 52 00:02:23,520 --> 00:02:26,400 Speaker 3: percent up. This one we actually also saw had really 53 00:02:26,520 --> 00:02:29,120 Speaker 3: high options volume. Sort of looks like there could be 54 00:02:29,160 --> 00:02:31,520 Speaker 3: sort of a gamma squeeze play there where you know, 55 00:02:31,560 --> 00:02:33,760 Speaker 3: people are looking for stocks that have the high short interest. 56 00:02:33,840 --> 00:02:35,400 Speaker 4: Any fundamental trades we should know. 57 00:02:35,320 --> 00:02:37,720 Speaker 1: About, yes, I mean just a few. 58 00:02:37,919 --> 00:02:40,600 Speaker 3: So one that we were also looking at today Thermo 59 00:02:40,639 --> 00:02:44,239 Speaker 3: Fisher TMO. This is a company that makes scientific equipment. 60 00:02:44,840 --> 00:02:48,200 Speaker 3: It reported earnings that were pretty solid and the stock 61 00:02:48,400 --> 00:02:51,440 Speaker 3: jumped nine percent, which I mean after the numbers we 62 00:02:51,520 --> 00:02:53,480 Speaker 3: just said, it seems like, oh nine percent whatever, But 63 00:02:53,520 --> 00:02:56,600 Speaker 3: this is the best day since March twenty twenty, so 64 00:02:56,639 --> 00:02:59,799 Speaker 3: I think important to flag there. Basically, the thing here 65 00:02:59,840 --> 00:03:02,079 Speaker 3: is that it raised its full year sales target, and 66 00:03:02,360 --> 00:03:04,639 Speaker 3: earnings is always about the outlook, right, but we're really 67 00:03:04,680 --> 00:03:06,160 Speaker 3: getting into the part of the year where it's the 68 00:03:06,240 --> 00:03:09,440 Speaker 3: full year forecast. Guide is what investors. 69 00:03:09,000 --> 00:03:12,720 Speaker 4: Are looking not halfway through, more than halfway through, all right, 70 00:03:12,800 --> 00:03:15,520 Speaker 4: So that one was definitely on a move to the upside. 71 00:03:15,639 --> 00:03:15,880 Speaker 2: Yeah. 72 00:03:15,919 --> 00:03:18,880 Speaker 3: And then I mean, just because we are after hours 73 00:03:18,919 --> 00:03:22,360 Speaker 3: today and we had another slate of earnings I wanted 74 00:03:22,360 --> 00:03:26,200 Speaker 3: to talk about Chipotle took our c MG and this 75 00:03:26,280 --> 00:03:29,360 Speaker 3: one was really moving. After earnings, it was down almost 76 00:03:29,360 --> 00:03:32,440 Speaker 3: ten percent. It's down now almost eleven percent. I'm seeing 77 00:03:32,800 --> 00:03:35,680 Speaker 3: in after hours trading. Basically what happened is they cut 78 00:03:35,680 --> 00:03:38,120 Speaker 3: their sales outlook for the second time this year, and 79 00:03:38,160 --> 00:03:41,480 Speaker 3: so this is for comparable store sales, and basically what 80 00:03:41,520 --> 00:03:45,040 Speaker 3: it's showing is that they haven't been able to overcome 81 00:03:45,080 --> 00:03:47,760 Speaker 3: a traffic slump. And this was even in a quarter 82 00:03:47,760 --> 00:03:50,800 Speaker 3: where they were giving out I guess free burritos and 83 00:03:50,920 --> 00:03:53,640 Speaker 3: had I guess a new Honey Chicken. I'm a vegetarian, 84 00:03:53,680 --> 00:03:55,080 Speaker 3: so I don't eat chicken. I don't know if this 85 00:03:55,160 --> 00:03:57,520 Speaker 3: was buzzy or not, but I'm reading the story we 86 00:03:57,560 --> 00:03:59,920 Speaker 3: have on the terminal that Honey Chicken should have brought 87 00:04:00,000 --> 00:04:01,800 Speaker 3: people in, and I guess it didn't as much as 88 00:04:01,840 --> 00:04:02,240 Speaker 3: they thought. 89 00:04:02,280 --> 00:04:03,960 Speaker 1: Do you go to Chipotle and get any of the 90 00:04:04,040 --> 00:04:04,800 Speaker 1: vegetarian stuff? 91 00:04:04,840 --> 00:04:05,080 Speaker 2: I do? 92 00:04:05,200 --> 00:04:07,920 Speaker 3: It's it is actually a great place for vegetarians. I'm 93 00:04:07,960 --> 00:04:09,600 Speaker 3: just I'm just not having the honey chicken. 94 00:04:10,080 --> 00:04:13,880 Speaker 4: But it said ongoing fifty basis point hit from tariffs 95 00:04:13,880 --> 00:04:17,880 Speaker 4: and says quote consumer environment driving its cut and guidance. 96 00:04:18,320 --> 00:04:21,640 Speaker 1: Wow, that's going to be a big story tomorrow, totally right. 97 00:04:21,720 --> 00:04:22,920 Speaker 4: I want to kind of dig into it a little 98 00:04:22,920 --> 00:04:24,520 Speaker 4: bit more. I mean, it was up thirty almost thirty 99 00:04:24,560 --> 00:04:28,360 Speaker 4: two percent in twenty twenty four. It was up sixty 100 00:04:28,400 --> 00:04:30,440 Speaker 4: five percent in twenty twenty three, so it has been 101 00:04:30,440 --> 00:04:31,679 Speaker 4: on such a tear. 102 00:04:31,960 --> 00:04:35,159 Speaker 3: I always look at this because what the former CEO 103 00:04:35,320 --> 00:04:37,800 Speaker 3: went to Starbucks and we'll get their earnings next week. 104 00:04:37,920 --> 00:04:41,160 Speaker 3: So it's always interesting to see, yeah, how these stocks 105 00:04:41,160 --> 00:04:43,080 Speaker 3: are reacting to their leadership. 106 00:04:43,120 --> 00:04:46,320 Speaker 4: And listen, he was really the one who many say 107 00:04:46,440 --> 00:04:48,640 Speaker 4: turned it around for all of It's difficult to see, 108 00:04:48,760 --> 00:04:51,640 Speaker 4: you know, kind of came in just before the pandemic, 109 00:04:51,920 --> 00:04:54,640 Speaker 4: and so it's interesting. We've talked to him a ton 110 00:04:54,680 --> 00:04:55,160 Speaker 4: of times. 111 00:04:55,600 --> 00:04:58,040 Speaker 1: He was not a Starbucks and we talked about quarterly 112 00:04:58,080 --> 00:04:59,719 Speaker 1: when he was up to posta pola. 113 00:04:59,800 --> 00:05:03,679 Speaker 4: Yeah, so it's interesting to see how times have changed. Carmen, 114 00:05:03,720 --> 00:05:05,919 Speaker 4: great group of stocks, thank you, and of course Taker 115 00:05:05,960 --> 00:05:09,400 Speaker 4: on chipul ACMG, so looking at a stock that was 116 00:05:09,440 --> 00:05:12,080 Speaker 4: down about twelve percent year to date prior to its earning, 117 00:05:12,160 --> 00:05:13,760 Speaker 4: So we'll be watching that one tomorrow. 118 00:05:15,440 --> 00:05:19,560 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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