1
00:00:02,520 --> 00:00:08,800
Speaker 1: Bloomberg Audio Studios, podcasts, Radio News, The.

2
00:00:08,880 --> 00:00:13,160
Speaker 2: Stock Movers podcast, your roundup of companies making moves in

3
00:00:13,200 --> 00:00:16,480
Speaker 2: the stock market, harnessing the power of Bloomberg data.

4
00:00:18,000 --> 00:00:18,960
Speaker 3: You want to take a look at some of the

5
00:00:19,000 --> 00:00:21,560
Speaker 3: stocks on the move today. Bloomberg News Earnings reporter Red

6
00:00:21,560 --> 00:00:23,680
Speaker 3: Brown Cody that was a mover today.

7
00:00:23,760 --> 00:00:27,680
Speaker 4: Yes, it was up as much as thirteen percent today

8
00:00:27,800 --> 00:00:30,680
Speaker 4: on report that the company was in the early stages,

9
00:00:30,760 --> 00:00:34,159
Speaker 4: very early stages of exploring a sale. This report came

10
00:00:34,159 --> 00:00:38,120
Speaker 4: from Women's Wear Daily, citing multiple unnamed industry sources that

11
00:00:38,159 --> 00:00:40,280
Speaker 4: the company's actually looking to do two sales to break

12
00:00:40,320 --> 00:00:43,360
Speaker 4: up both of its units. And that's probably why the

13
00:00:43,720 --> 00:00:46,559
Speaker 4: shares are responding so much, is because they have this

14
00:00:46,600 --> 00:00:50,839
Speaker 4: one very fast growing luxury fragrance business that's been kind

15
00:00:50,840 --> 00:00:53,479
Speaker 4: of drugged down by their cosmetics, their kind of hot

16
00:00:53,479 --> 00:00:57,600
Speaker 4: their mass market cosmetics. So yeah, you know, that positive

17
00:00:57,600 --> 00:01:00,720
Speaker 4: reaction probably coming from the fact that you'll be able

18
00:01:00,720 --> 00:01:03,000
Speaker 4: to unlock a little bit more value by breaking these

19
00:01:03,040 --> 00:01:06,480
Speaker 4: two businesses up, especially considering kind of the trends within

20
00:01:06,480 --> 00:01:10,360
Speaker 4: the mass market business has been been difficult, a lot

21
00:01:10,400 --> 00:01:12,760
Speaker 4: of competition. A big market would be China as well,

22
00:01:12,800 --> 00:01:15,400
Speaker 4: and then we've kind of seen how the economy and

23
00:01:15,160 --> 00:01:19,480
Speaker 4: and sales consumer sales have been doing over there, So yeah,

24
00:01:19,480 --> 00:01:21,360
Speaker 4: I guess still kind of remains to be seen.

25
00:01:21,600 --> 00:01:24,399
Speaker 3: Cody bought Khylie Cosmetics, right, which is one of the

26
00:01:24,520 --> 00:01:27,360
Speaker 3: Jenner's you know, Kylie Jenner? What come on?

27
00:01:27,640 --> 00:01:29,000
Speaker 1: I don't know the answer to that, but I did

28
00:01:29,280 --> 00:01:31,560
Speaker 1: in twenty nineteen. What they bought it back then?

29
00:01:31,800 --> 00:01:34,240
Speaker 3: Yeah, don't you remember they bought a fifty one percent

30
00:01:34,280 --> 00:01:36,640
Speaker 3: stake and it valued it at like one point two billion.

31
00:01:37,120 --> 00:01:37,600
Speaker 4: I don't know.

32
00:01:37,640 --> 00:01:39,400
Speaker 3: I just I don't know if they still own it.

33
00:01:39,520 --> 00:01:40,520
Speaker 2: I saw that they were.

34
00:01:40,560 --> 00:01:41,240
Speaker 4: I'm not sure either.

35
00:01:41,280 --> 00:01:44,160
Speaker 1: There were vending machines at the airport for Kylie Cosmetics.

36
00:01:44,280 --> 00:01:48,640
Speaker 1: I know, it's like, who that's crazy? Cake machine for everything?

37
00:01:48,680 --> 00:01:48,840
Speaker 4: Now?

38
00:01:48,880 --> 00:01:51,919
Speaker 3: I know I bought a cupcake from a vending machine

39
00:01:52,000 --> 00:01:57,920
Speaker 3: and it was really good. Okay the times, Yeah, I'm like,

40
00:01:57,960 --> 00:01:58,600
Speaker 3: give me some sugar.

41
00:01:59,000 --> 00:02:02,080
Speaker 1: Six sixty four I sent down from twenty twenty four.

42
00:02:02,160 --> 00:02:02,400
Speaker 4: Huhs.

43
00:02:02,520 --> 00:02:03,800
Speaker 1: The stock has been getting beat.

44
00:02:03,680 --> 00:02:06,200
Speaker 3: Up, yeah, in a big way. Cot why is the ticker?

45
00:02:06,360 --> 00:02:08,240
Speaker 4: That's right? I think that might have been what made

46
00:02:08,280 --> 00:02:09,480
Speaker 4: her a billionaire too.

47
00:02:09,440 --> 00:02:10,079
Speaker 2: It's exactly.

48
00:02:10,280 --> 00:02:12,359
Speaker 3: Yeah, it's exactly like it was a big deal when

49
00:02:12,360 --> 00:02:15,320
Speaker 3: that crossed. So you know your cosmetics companies.

50
00:02:14,880 --> 00:02:16,440
Speaker 4: A little bit of Kardashian trivia.

51
00:02:16,520 --> 00:02:18,960
Speaker 3: Yeah, that makes me so happy. All right, So let's

52
00:02:19,000 --> 00:02:20,679
Speaker 3: move on to MG and what do we got there?

53
00:02:20,960 --> 00:02:24,680
Speaker 4: Yeah, another stock in the green today, shares up around

54
00:02:24,720 --> 00:02:27,680
Speaker 4: eight percent, top five, one of the top five best

55
00:02:27,680 --> 00:02:29,920
Speaker 4: performing stocks in the S and P five hundred today.

56
00:02:30,760 --> 00:02:33,200
Speaker 4: They kind of now flat erase the losses for the year.

57
00:02:33,960 --> 00:02:35,960
Speaker 4: The reason they jumped is actually has to do with

58
00:02:36,120 --> 00:02:38,160
Speaker 4: not their casinos has a lot to do with their

59
00:02:38,760 --> 00:02:42,840
Speaker 4: sports book in partnership with a British end tane. They

60
00:02:43,000 --> 00:02:45,600
Speaker 4: raise their outlook for that this year, and I kind

61
00:02:45,600 --> 00:02:47,480
Speaker 4: of think it makes sense. Just I mean, you probably

62
00:02:47,520 --> 00:02:49,280
Speaker 4: this one passes the eye test. Just it feels like

63
00:02:49,320 --> 00:02:51,480
Speaker 4: sports betting and sports in general everywhere. I don't know

64
00:02:51,480 --> 00:02:53,480
Speaker 4: if it's just because we're in New York, but yeah,

65
00:02:53,520 --> 00:02:56,000
Speaker 4: they raise their expectations by around one hundred million dollars

66
00:02:56,040 --> 00:02:59,440
Speaker 4: to two point six billion for the year. So yeah,

67
00:02:59,760 --> 00:03:01,959
Speaker 4: real sport's better. I'm not, I'm really bad at it.

68
00:03:02,720 --> 00:03:06,240
Speaker 3: Wait, that means you've done it, Like I'll do.

69
00:03:06,200 --> 00:03:08,080
Speaker 4: Like one a year. I'll do one bet a year

70
00:03:08,200 --> 00:03:09,799
Speaker 4: on like a big soccer game or something.

71
00:03:10,320 --> 00:03:13,600
Speaker 1: Aren't the vast majority of people aren't the vast majority

72
00:03:13,639 --> 00:03:16,240
Speaker 1: of people bad at this because it's not a skill.

73
00:03:16,560 --> 00:03:17,679
Speaker 3: It's like gambling.

74
00:03:17,919 --> 00:03:18,120
Speaker 2: You know.

75
00:03:18,160 --> 00:03:20,839
Speaker 3: The reason they're businesses is because people.

76
00:03:20,560 --> 00:03:23,680
Speaker 1: Exactly, I've heard the house. I heard the house always wins.

77
00:03:23,760 --> 00:03:24,040
Speaker 3: Right.

78
00:03:24,120 --> 00:03:25,680
Speaker 1: Well, you go to Vegas and this stuff is not

79
00:03:25,720 --> 00:03:28,000
Speaker 1: built because you know, the people who use the services

80
00:03:28,080 --> 00:03:29,120
Speaker 1: are the ones making the money.

81
00:03:29,200 --> 00:03:29,679
Speaker 3: Exactly.

82
00:03:29,800 --> 00:03:31,840
Speaker 4: Well, it's actually interesting they've been struggling this year a

83
00:03:31,840 --> 00:03:33,880
Speaker 4: little bit just because people have been winning. So maybe

84
00:03:34,040 --> 00:03:36,320
Speaker 4: because they're so yeah, well, I think it's not they're winning.

85
00:03:36,360 --> 00:03:37,800
Speaker 4: It's just a lot of the favorites have been winning.

86
00:03:37,800 --> 00:03:40,080
Speaker 4: So if you think like the March Madness tournament, it

87
00:03:40,160 --> 00:03:41,880
Speaker 4: was like all number one seeds made it to the

88
00:03:41,880 --> 00:03:44,000
Speaker 4: final four. So it's like you really don't have to

89
00:03:44,040 --> 00:03:46,080
Speaker 4: be too much of a of a savanta. I guess,

90
00:03:46,160 --> 00:03:46,760
Speaker 4: get that right.

91
00:03:46,800 --> 00:03:49,240
Speaker 3: That's a good point. That's interesting, like when the numbers

92
00:03:49,240 --> 00:03:50,280
Speaker 3: maybe go against the house.

93
00:03:50,400 --> 00:03:51,920
Speaker 4: Right, So he's been a little bit at this year.

94
00:03:52,040 --> 00:03:57,800
Speaker 1: Okay, I'm not okay from there's no easy segue gambling.

95
00:03:57,880 --> 00:03:59,520
Speaker 4: No, it's like what there's.

96
00:03:59,360 --> 00:04:02,520
Speaker 1: No easy segue way from going to sports betting or

97
00:04:02,560 --> 00:04:06,760
Speaker 1: gaming gaming. To the defense industry, this is tough Lockheed

98
00:04:06,760 --> 00:04:07,800
Speaker 1: though on your radar.

99
00:04:08,080 --> 00:04:12,960
Speaker 4: Yeah, lockeed along with Northrop, but Lockeed tickers MT along

100
00:04:13,000 --> 00:04:16,560
Speaker 4: with Northrop Grumman, and el Free Technology Alfree harriscuse me Technologies.

101
00:04:16,560 --> 00:04:18,920
Speaker 4: They make up the top three stocks that gave up

102
00:04:18,960 --> 00:04:21,960
Speaker 4: the most ground today. And this is after last week

103
00:04:22,000 --> 00:04:24,560
Speaker 4: when the shares of this group were up again kind

104
00:04:24,560 --> 00:04:27,360
Speaker 4: of on the just the kind of the increased escalation

105
00:04:27,480 --> 00:04:30,839
Speaker 4: that everyone's been watching in the Middle East. It's it's

106
00:04:30,920 --> 00:04:32,919
Speaker 4: kind of interesting. A sales side kind of called this

107
00:04:32,960 --> 00:04:34,599
Speaker 4: one right when they said, you know, there is something

108
00:04:34,640 --> 00:04:36,800
Speaker 4: they're gonna be this fluctuation, but it's it's gonna be

109
00:04:37,680 --> 00:04:39,520
Speaker 4: you know, it's just gonna be temporary. This isn't going

110
00:04:39,600 --> 00:04:41,880
Speaker 4: to be a long term trend in the shares.

111
00:04:44,200 --> 00:04:48,360
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

112
00:04:48,440 --> 00:04:51,200
Speaker 2: us throughout the day for the latest roundup of companies

113
00:04:51,240 --> 00:04:54,280
Speaker 2: making news on Wall Street and for the latest market

114
00:04:54,320 --> 00:04:58,640
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

115
00:04:58,720 --> 00:05:01,839
Speaker 2: Bloomberg dot com, not Apple car Play and Android Atto

116
00:05:01,880 --> 00:05:03,520
Speaker 2: with the Bloomberg Business Apple

117
00:05:08,360 --> 00:05:08,839
Speaker 1: Mm hmm,