1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,320 --> 00:00:18,160 Speaker 3: I want to take some look now at stock's on 5 00:00:18,200 --> 00:00:21,000 Speaker 3: the move today. I'm Alexis Christophers along with Lisa Matteo. 6 00:00:21,280 --> 00:00:24,000 Speaker 3: We're joined by Christina Quino. She is back to look 7 00:00:24,040 --> 00:00:26,520 Speaker 3: at what's moving and maybe a little early for beers 8 00:00:26,520 --> 00:00:30,240 Speaker 3: for some, maybe not, but the maker of Medello Corona 9 00:00:30,280 --> 00:00:32,120 Speaker 3: beers Consolation brands in the news today. 10 00:00:32,320 --> 00:00:34,400 Speaker 1: That's right, Alexi. I mean, you know it's five pm 11 00:00:34,440 --> 00:00:38,720 Speaker 1: somewhere right here you go, but yes, Constellation Brands ticker 12 00:00:38,960 --> 00:00:42,040 Speaker 1: STZ not doing so hot today, shared it down more 13 00:00:42,040 --> 00:00:44,480 Speaker 1: than two percent, and I was extending some of those 14 00:00:44,600 --> 00:00:48,640 Speaker 1: earlier opening declines here. And that is because a City 15 00:00:48,800 --> 00:00:52,680 Speaker 1: opened a negative thirty day catalyst watch on the company 16 00:00:53,040 --> 00:00:56,920 Speaker 1: before its investor conference presentation on September second, So that's 17 00:00:56,960 --> 00:00:59,960 Speaker 1: going to be after Labor Day weekend, and so City 18 00:01:00,000 --> 00:01:04,000 Speaker 1: analyst Filippo Falorni is expecting the company to use the 19 00:01:04,040 --> 00:01:07,640 Speaker 1: conference to lower guidance targets for twenty twenty six, particularly 20 00:01:07,720 --> 00:01:10,480 Speaker 1: for the beer business. Now we know that that business 21 00:01:10,520 --> 00:01:14,600 Speaker 1: has been struggling because of lower consumer demand because of 22 00:01:14,680 --> 00:01:18,160 Speaker 1: the tariffs on aluminum cans. In July, they did report 23 00:01:18,360 --> 00:01:22,000 Speaker 1: first quarter results that trailed expectations, and so analysts are 24 00:01:22,040 --> 00:01:24,000 Speaker 1: expecting that there's going to be bad news next week 25 00:01:24,040 --> 00:01:26,600 Speaker 1: from this company. All right, we go from Consolation Brands 26 00:01:26,640 --> 00:01:29,640 Speaker 1: to Olaplex. So explain who this company is what they 27 00:01:29,680 --> 00:01:33,240 Speaker 1: do nex Yeah, well, you know, they make fancy shampoos 28 00:01:33,640 --> 00:01:37,840 Speaker 1: and they're very famous among TikTok influencers. You know, I've 29 00:01:37,880 --> 00:01:40,319 Speaker 1: ever heard of a olaplex, but like that. This is 30 00:01:40,319 --> 00:01:43,120 Speaker 1: how they they became part of the ze guys. 31 00:01:42,800 --> 00:01:43,840 Speaker 2: But the. 32 00:01:45,480 --> 00:01:48,160 Speaker 3: She keeps us young. I like this, Christine. 33 00:01:48,440 --> 00:01:50,360 Speaker 1: Yeah, let's let's have a look at that later. But yes, 34 00:01:50,440 --> 00:01:54,760 Speaker 1: Oliplex ticker o lp X so shares are down at 35 00:01:54,800 --> 00:01:57,480 Speaker 1: the moment, and that is because, you know, we did 36 00:01:57,560 --> 00:02:02,920 Speaker 1: get announcement of acquisition for this company, per Vala Bioscience, 37 00:02:02,960 --> 00:02:06,840 Speaker 1: So Olipex acquiring this Boston based biotech company that develops 38 00:02:07,040 --> 00:02:10,040 Speaker 1: health and beauty products for the hair and skin. Investors 39 00:02:10,040 --> 00:02:13,280 Speaker 1: are not particularly liking that they've actually extended the declines 40 00:02:13,280 --> 00:02:17,200 Speaker 1: into shares two point six percent now, so not landing 41 00:02:17,200 --> 00:02:20,080 Speaker 1: well with investors. But you know, we have seen a 42 00:02:20,120 --> 00:02:23,919 Speaker 1: lot of volatility in their revenue trends since their IPO 43 00:02:24,000 --> 00:02:26,000 Speaker 1: in twenty twenty one. But you know, we did get 44 00:02:26,000 --> 00:02:29,359 Speaker 1: good news from Olipex Earlier this week. We had analysts 45 00:02:29,360 --> 00:02:32,880 Speaker 1: from Caniqord turning bullish in a company citing their quote 46 00:02:33,080 --> 00:02:36,600 Speaker 1: brand reinvigoration. So I'm sure the TikTok push is part 47 00:02:36,600 --> 00:02:39,280 Speaker 1: of that, but it's not quite landing with investors today 48 00:02:39,280 --> 00:02:39,959 Speaker 1: with shares. 49 00:02:39,760 --> 00:02:44,880 Speaker 3: Down and you've got Semtech, that's what I'm hearing tech Sumtech. 50 00:02:45,040 --> 00:02:49,519 Speaker 1: Yeah, so that's a semiconductor company ticker SMTC. Shares are 51 00:02:49,720 --> 00:02:52,960 Speaker 1: roaring Alexis. They're up more than sixteen percent now, so 52 00:02:53,000 --> 00:02:55,560 Speaker 1: more than doubling some of their opening games there. So 53 00:02:55,639 --> 00:02:58,519 Speaker 1: they reported second quarter results a just a EPs of 54 00:02:58,600 --> 00:03:02,760 Speaker 1: forty one cents, above the consensus forecasts and also way 55 00:03:02,840 --> 00:03:06,640 Speaker 1: above their year and ear of eleven cents. And they're 56 00:03:06,680 --> 00:03:10,400 Speaker 1: also forecasting a third quarter EPs in line with Bloomberg expectations. 57 00:03:10,600 --> 00:03:13,480 Speaker 1: Our Bloomberg Intelligence analysts are saying that their results and 58 00:03:13,600 --> 00:03:18,160 Speaker 1: outlooks suggests quote robust smartphone related revenue growth, so and 59 00:03:18,280 --> 00:03:21,200 Speaker 1: particularly citing strong MyPhone sales. So good news all around 60 00:03:21,200 --> 00:03:21,680 Speaker 1: for a sumtach. 61 00:03:21,760 --> 00:03:27,160 Speaker 2: Here the Stock Movers Report from Bloomberg Radio. Check back 62 00:03:27,160 --> 00:03:29,400 Speaker 2: with us throughout the day for the latest roundup of 63 00:03:29,480 --> 00:03:32,760 Speaker 2: companies making news on Wall Street and for the latest 64 00:03:32,800 --> 00:03:37,000 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 65 00:03:37,000 --> 00:03:40,760 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 66 00:03:40,800 --> 00:03:42,760 Speaker 2: Auto with the Bloomberg Business app.