Speaker 1: Bloomberg Audio Studios, podcasts, Radio News, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 3: You want to take a look at some of the
Speaker 3: stocks on the move today. Bloomberg News Earnings reporter Red
Speaker 3: Brown Cody that was a mover today.
Speaker 4: Yes, it was up as much as thirteen percent today
Speaker 4: on report that the company was in the early stages,
Speaker 4: very early stages of exploring a sale. This report came
Speaker 4: from Women's Wear Daily, citing multiple unnamed industry sources that
Speaker 4: the company's actually looking to do two sales to break
Speaker 4: up both of its units. And that's probably why the
Speaker 4: shares are responding so much, is because they have this
Speaker 4: one very fast growing luxury fragrance business that's been kind
Speaker 4: of drugged down by their cosmetics, their kind of hot
Speaker 4: their mass market cosmetics. So yeah, you know, that positive
Speaker 4: reaction probably coming from the fact that you'll be able
Speaker 4: to unlock a little bit more value by breaking these
Speaker 4: two businesses up, especially considering kind of the trends within
Speaker 4: the mass market business has been been difficult, a lot
Speaker 4: of competition. A big market would be China as well,
Speaker 4: and then we've kind of seen how the economy and
Speaker 4: and sales consumer sales have been doing over there, So yeah,
Speaker 4: I guess still kind of remains to be seen.
Speaker 3: Cody bought Khylie Cosmetics, right, which is one of the
Speaker 3: Jenner's you know, Kylie Jenner? What come on?
Speaker 1: I don't know the answer to that, but I did
Speaker 1: in twenty nineteen. What they bought it back then?
Speaker 3: Yeah, don't you remember they bought a fifty one percent
Speaker 3: stake and it valued it at like one point two billion.
Speaker 4: I don't know.
Speaker 3: I just I don't know if they still own it.
Speaker 2: I saw that they were.
Speaker 4: I'm not sure either.
Speaker 1: There were vending machines at the airport for Kylie Cosmetics.
Speaker 1: I know, it's like, who that's crazy? Cake machine for everything?
Speaker 4: Now?
Speaker 3: I know I bought a cupcake from a vending machine
Speaker 3: and it was really good. Okay the times, Yeah, I'm like,
Speaker 3: give me some sugar.
Speaker 1: Six sixty four I sent down from twenty twenty four.
Speaker 4: Huhs.
Speaker 1: The stock has been getting beat.
Speaker 3: Up, yeah, in a big way. Cot why is the ticker?
Speaker 4: That's right? I think that might have been what made
Speaker 4: her a billionaire too.
Speaker 2: It's exactly.
Speaker 3: Yeah, it's exactly like it was a big deal when
Speaker 3: that crossed. So you know your cosmetics companies.
Speaker 4: A little bit of Kardashian trivia.
Speaker 3: Yeah, that makes me so happy. All right, So let's
Speaker 3: move on to MG and what do we got there?
Speaker 4: Yeah, another stock in the green today, shares up around
Speaker 4: eight percent, top five, one of the top five best
Speaker 4: performing stocks in the S and P five hundred today.
Speaker 4: They kind of now flat erase the losses for the year.
Speaker 4: The reason they jumped is actually has to do with
Speaker 4: not their casinos has a lot to do with their
Speaker 4: sports book in partnership with a British end tane. They
Speaker 4: raise their outlook for that this year, and I kind
Speaker 4: of think it makes sense. Just I mean, you probably
Speaker 4: this one passes the eye test. Just it feels like
Speaker 4: sports betting and sports in general everywhere. I don't know
Speaker 4: if it's just because we're in New York, but yeah,
Speaker 4: they raise their expectations by around one hundred million dollars
Speaker 4: to two point six billion for the year. So yeah,
Speaker 4: real sport's better. I'm not, I'm really bad at it.
Speaker 3: Wait, that means you've done it, Like I'll do.
Speaker 4: Like one a year. I'll do one bet a year
Speaker 4: on like a big soccer game or something.
Speaker 1: Aren't the vast majority of people aren't the vast majority
Speaker 1: of people bad at this because it's not a skill.
Speaker 3: It's like gambling.
Speaker 2: You know.
Speaker 3: The reason they're businesses is because people.
Speaker 1: Exactly, I've heard the house. I heard the house always wins.
Speaker 3: Right.
Speaker 1: Well, you go to Vegas and this stuff is not
Speaker 1: built because you know, the people who use the services
Speaker 1: are the ones making the money.
Speaker 3: Exactly.
Speaker 4: Well, it's actually interesting they've been struggling this year a
Speaker 4: little bit just because people have been winning. So maybe
Speaker 4: because they're so yeah, well, I think it's not they're winning.
Speaker 4: It's just a lot of the favorites have been winning.
Speaker 4: So if you think like the March Madness tournament, it
Speaker 4: was like all number one seeds made it to the
Speaker 4: final four. So it's like you really don't have to
Speaker 4: be too much of a of a savanta. I guess,
Speaker 4: get that right.
Speaker 3: That's a good point. That's interesting, like when the numbers
Speaker 3: maybe go against the house.
Speaker 4: Right, So he's been a little bit at this year.
Speaker 1: Okay, I'm not okay from there's no easy segue gambling.
Speaker 4: No, it's like what there's.
Speaker 1: No easy segue way from going to sports betting or
Speaker 1: gaming gaming. To the defense industry, this is tough Lockheed
Speaker 1: though on your radar.
Speaker 4: Yeah, lockeed along with Northrop, but Lockeed tickers MT along
Speaker 4: with Northrop Grumman, and el Free Technology Alfree harriscuse me Technologies.
Speaker 4: They make up the top three stocks that gave up
Speaker 4: the most ground today. And this is after last week
Speaker 4: when the shares of this group were up again kind
Speaker 4: of on the just the kind of the increased escalation
Speaker 4: that everyone's been watching in the Middle East. It's it's
Speaker 4: kind of interesting. A sales side kind of called this
Speaker 4: one right when they said, you know, there is something
Speaker 4: they're gonna be this fluctuation, but it's it's gonna be
Speaker 4: you know, it's just gonna be temporary. This isn't going
Speaker 4: to be a long term trend in the shares.
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Speaker 1: Mm hmm,