WEBVTT - Coty Climbs, MGM Gains, Lockheed Martin Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, Radio News, The.

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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

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<v Speaker 3>You want to take a look at some of the

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<v Speaker 3>stocks on the move today. Bloomberg News Earnings reporter Red

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<v Speaker 3>Brown Cody that was a mover today.

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<v Speaker 4>Yes, it was up as much as thirteen percent today

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<v Speaker 4>on report that the company was in the early stages,

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<v Speaker 4>very early stages of exploring a sale. This report came

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<v Speaker 4>from Women's Wear Daily, citing multiple unnamed industry sources that

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<v Speaker 4>the company's actually looking to do two sales to break

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<v Speaker 4>up both of its units. And that's probably why the

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<v Speaker 4>shares are responding so much, is because they have this

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<v Speaker 4>one very fast growing luxury fragrance business that's been kind

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<v Speaker 4>of drugged down by their cosmetics, their kind of hot

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<v Speaker 4>their mass market cosmetics. So yeah, you know, that positive

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<v Speaker 4>reaction probably coming from the fact that you'll be able

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<v Speaker 4>to unlock a little bit more value by breaking these

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<v Speaker 4>two businesses up, especially considering kind of the trends within

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<v Speaker 4>the mass market business has been been difficult, a lot

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<v Speaker 4>of competition. A big market would be China as well,

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<v Speaker 4>and then we've kind of seen how the economy and

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<v Speaker 4>and sales consumer sales have been doing over there, So yeah,

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<v Speaker 4>I guess still kind of remains to be seen.

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<v Speaker 3>Cody bought Khylie Cosmetics, right, which is one of the

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<v Speaker 3>Jenner's you know, Kylie Jenner? What come on?

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<v Speaker 1>I don't know the answer to that, but I did

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<v Speaker 1>in twenty nineteen. What they bought it back then?

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<v Speaker 3>Yeah, don't you remember they bought a fifty one percent

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<v Speaker 3>stake and it valued it at like one point two billion.

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<v Speaker 4>I don't know.

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<v Speaker 3>I just I don't know if they still own it.

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<v Speaker 2>I saw that they were.

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<v Speaker 4>I'm not sure either.

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<v Speaker 1>There were vending machines at the airport for Kylie Cosmetics.

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<v Speaker 1>I know, it's like, who that's crazy? Cake machine for everything?

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<v Speaker 4>Now?

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<v Speaker 3>I know I bought a cupcake from a vending machine

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<v Speaker 3>and it was really good. Okay the times, Yeah, I'm like,

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<v Speaker 3>give me some sugar.

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<v Speaker 1>Six sixty four I sent down from twenty twenty four.

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<v Speaker 4>Huhs.

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<v Speaker 1>The stock has been getting beat.

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<v Speaker 3>Up, yeah, in a big way. Cot why is the ticker?

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<v Speaker 4>That's right? I think that might have been what made

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<v Speaker 4>her a billionaire too.

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<v Speaker 2>It's exactly.

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<v Speaker 3>Yeah, it's exactly like it was a big deal when

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<v Speaker 3>that crossed. So you know your cosmetics companies.

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<v Speaker 4>A little bit of Kardashian trivia.

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<v Speaker 3>Yeah, that makes me so happy. All right, So let's

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<v Speaker 3>move on to MG and what do we got there?

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<v Speaker 4>Yeah, another stock in the green today, shares up around

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<v Speaker 4>eight percent, top five, one of the top five best

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<v Speaker 4>performing stocks in the S and P five hundred today.

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<v Speaker 4>They kind of now flat erase the losses for the year.

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<v Speaker 4>The reason they jumped is actually has to do with

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<v Speaker 4>not their casinos has a lot to do with their

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<v Speaker 4>sports book in partnership with a British end tane. They

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<v Speaker 4>raise their outlook for that this year, and I kind

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<v Speaker 4>of think it makes sense. Just I mean, you probably

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<v Speaker 4>this one passes the eye test. Just it feels like

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<v Speaker 4>sports betting and sports in general everywhere. I don't know

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<v Speaker 4>if it's just because we're in New York, but yeah,

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<v Speaker 4>they raise their expectations by around one hundred million dollars

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<v Speaker 4>to two point six billion for the year. So yeah,

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<v Speaker 4>real sport's better. I'm not, I'm really bad at it.

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<v Speaker 3>Wait, that means you've done it, Like I'll do.

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<v Speaker 4>Like one a year. I'll do one bet a year

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<v Speaker 4>on like a big soccer game or something.

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<v Speaker 1>Aren't the vast majority of people aren't the vast majority

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<v Speaker 1>of people bad at this because it's not a skill.

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<v Speaker 3>It's like gambling.

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<v Speaker 2>You know.

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<v Speaker 3>The reason they're businesses is because people.

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<v Speaker 1>Exactly, I've heard the house. I heard the house always wins.

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<v Speaker 3>Right.

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<v Speaker 1>Well, you go to Vegas and this stuff is not

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<v Speaker 1>built because you know, the people who use the services

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<v Speaker 1>are the ones making the money.

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<v Speaker 3>Exactly.

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<v Speaker 4>Well, it's actually interesting they've been struggling this year a

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<v Speaker 4>little bit just because people have been winning. So maybe

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<v Speaker 4>because they're so yeah, well, I think it's not they're winning.

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<v Speaker 4>It's just a lot of the favorites have been winning.

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<v Speaker 4>So if you think like the March Madness tournament, it

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<v Speaker 4>was like all number one seeds made it to the

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<v Speaker 4>final four. So it's like you really don't have to

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<v Speaker 4>be too much of a of a savanta. I guess,

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<v Speaker 4>get that right.

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<v Speaker 3>That's a good point. That's interesting, like when the numbers

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<v Speaker 3>maybe go against the house.

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<v Speaker 4>Right, So he's been a little bit at this year.

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<v Speaker 1>Okay, I'm not okay from there's no easy segue gambling.

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<v Speaker 4>No, it's like what there's.

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<v Speaker 1>No easy segue way from going to sports betting or

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<v Speaker 1>gaming gaming. To the defense industry, this is tough Lockheed

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<v Speaker 1>though on your radar.

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<v Speaker 4>Yeah, lockeed along with Northrop, but Lockeed tickers MT along

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<v Speaker 4>with Northrop Grumman, and el Free Technology Alfree harriscuse me Technologies.

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<v Speaker 4>They make up the top three stocks that gave up

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<v Speaker 4>the most ground today. And this is after last week

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<v Speaker 4>when the shares of this group were up again kind

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<v Speaker 4>of on the just the kind of the increased escalation

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<v Speaker 4>that everyone's been watching in the Middle East. It's it's

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<v Speaker 4>kind of interesting. A sales side kind of called this

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<v Speaker 4>one right when they said, you know, there is something

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<v Speaker 4>they're gonna be this fluctuation, but it's it's gonna be

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<v Speaker 4>you know, it's just gonna be temporary. This isn't going

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<v Speaker 4>to be a long term trend in the shares.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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<v Speaker 1>Mm hmm,