1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:17,919 Speaker 3: Now, let's have a look at the stocks on the 5 00:00:17,960 --> 00:00:20,959 Speaker 3: move today. Here in up, I'm Caroline Hepcut alongside Tom McKenzie. 6 00:00:21,000 --> 00:00:23,799 Speaker 3: I'm a joined by Bloomberg Sam on Stead. Good morning, Sam. 7 00:00:24,079 --> 00:00:28,720 Speaker 3: Acado's slipping. What's behind the big drop for the well 8 00:00:28,800 --> 00:00:31,880 Speaker 3: the superman not quite a supermarket retailer. They make the 9 00:00:31,920 --> 00:00:34,479 Speaker 3: equipment right for warehouses. 10 00:00:34,159 --> 00:00:37,479 Speaker 4: Robot warehouses, and that's really the major part of their 11 00:00:37,520 --> 00:00:39,440 Speaker 4: business now that most of the joint venture that they 12 00:00:39,479 --> 00:00:42,680 Speaker 4: had for retailer has gone to mar Suspencer. Kroger, the 13 00:00:42,840 --> 00:00:45,879 Speaker 4: big US grosser, is probably their major customer. That's the 14 00:00:45,880 --> 00:00:49,080 Speaker 4: one that people watch the most for licensing this this 15 00:00:49,120 --> 00:00:53,199 Speaker 4: warehouse technology. Comments from yesterday from Kroger after the results 16 00:00:53,280 --> 00:00:56,280 Speaker 4: suggesting that they're considering bringing more of their deliveries in house. 17 00:00:56,640 --> 00:00:59,080 Speaker 4: That is obviously really not good news for a Cardo 18 00:00:59,200 --> 00:01:01,960 Speaker 4: because this is the kind of big flagship deal that 19 00:01:02,000 --> 00:01:04,520 Speaker 4: they did for that side of their business. Shares down 20 00:01:04,520 --> 00:01:07,520 Speaker 4: about ten percent. I would know Ccado quite a volatile stock, 21 00:01:07,680 --> 00:01:10,240 Speaker 4: you know generally, so that you know that it might 22 00:01:10,240 --> 00:01:11,840 Speaker 4: be a little bit more exacerbated than they might be 23 00:01:11,840 --> 00:01:14,399 Speaker 4: for other companies, but ten percent down and really it's 24 00:01:14,480 --> 00:01:17,280 Speaker 4: quite a fundamental issue if Kroger start to bring more 25 00:01:17,280 --> 00:01:19,959 Speaker 4: stuff in house and don't use a Cardo's right. 26 00:01:20,640 --> 00:01:22,640 Speaker 1: It is interesting, isn't it, how volatile that stock is 27 00:01:22,760 --> 00:01:25,680 Speaker 1: compared to some of its some of its peers. When 28 00:01:25,720 --> 00:01:31,360 Speaker 1: it comes to a very different sector, the miners, they're 29 00:01:31,400 --> 00:01:34,000 Speaker 1: doing quite well. So yeah, so far in a session. 30 00:01:34,440 --> 00:01:36,440 Speaker 1: What's going on with the mining sector. 31 00:01:36,200 --> 00:01:38,400 Speaker 4: Well, gold miners in particular, so I mean almost the 32 00:01:38,440 --> 00:01:40,720 Speaker 4: opposite its linking to the gold price. Yeah, I mean 33 00:01:40,760 --> 00:01:43,000 Speaker 4: almost the opposite really of Okada. I mean not just 34 00:01:43,040 --> 00:01:45,319 Speaker 4: not volatile this year, but just pretty much one direction 35 00:01:45,520 --> 00:01:47,800 Speaker 4: throughout the entire year. So for as Nilo, who you 36 00:01:47,920 --> 00:01:51,240 Speaker 4: just mentioned, Tom, you know, they are flying this year. 37 00:01:51,280 --> 00:01:53,200 Speaker 4: They are about two hundred and seventy two hundred and 38 00:01:53,200 --> 00:01:55,880 Speaker 4: eighty percent. It's pretty much consistent throughout the whole year. 39 00:01:56,280 --> 00:01:58,080 Speaker 4: Most of that is through the gold price obviously, and 40 00:01:58,320 --> 00:02:00,600 Speaker 4: they're effectively printing money for themselves at the moment. They're 41 00:02:00,640 --> 00:02:02,520 Speaker 4: cutting costs a lot of their minds, but gold price 42 00:02:02,600 --> 00:02:04,640 Speaker 4: is going up, so everything is kind of working in 43 00:02:04,680 --> 00:02:08,280 Speaker 4: their favor, and today gold moving further and further higher, 44 00:02:08,320 --> 00:02:11,200 Speaker 4: testing the record that it hit on Tuesday. Silver also 45 00:02:11,280 --> 00:02:13,960 Speaker 4: going up for as Nilo for example, also Mine for silver, 46 00:02:14,320 --> 00:02:17,600 Speaker 4: So all everything around these companies at the moment is 47 00:02:17,639 --> 00:02:20,639 Speaker 4: working in their favor, and gold Mine is continually rising 48 00:02:20,639 --> 00:02:20,840 Speaker 4: on that. 49 00:02:21,200 --> 00:02:25,480 Speaker 3: Hmm, that's interesting. Let's think about the pharmaceutical sector. Nevartis 50 00:02:25,639 --> 00:02:28,760 Speaker 3: is down. This is on a huge story in the US. 51 00:02:29,560 --> 00:02:32,560 Speaker 4: Well, this is actually mostly on a Goldman Sachs downgrade 52 00:02:32,560 --> 00:02:35,440 Speaker 4: this morning, so god and Sacks cut norv Artists to 53 00:02:35,720 --> 00:02:40,239 Speaker 4: sell today. They basically said that the last few years 54 00:02:40,480 --> 00:02:42,800 Speaker 4: Navasa has been on a good run. They've been delivering 55 00:02:42,840 --> 00:02:45,200 Speaker 4: really good, solid sales growth, but over the next couple 56 00:02:45,240 --> 00:02:48,359 Speaker 4: of years they see that structurally shifting a little bit, 57 00:02:48,440 --> 00:02:51,880 Speaker 4: bigger competition from generics coming through, and that that might 58 00:02:51,960 --> 00:02:55,120 Speaker 4: result in growth just kind of generally and very structurally 59 00:02:55,240 --> 00:02:56,679 Speaker 4: moving a little bit lower than it has been in 60 00:02:56,720 --> 00:02:58,360 Speaker 4: the last few years. Quite a rare thing as well 61 00:02:58,400 --> 00:03:00,639 Speaker 4: as sell rating for Novartists. Almost all the analysts who 62 00:03:00,639 --> 00:03:03,200 Speaker 4: cover them or either hold or buy, so that's standing 63 00:03:03,200 --> 00:03:05,359 Speaker 4: out today and also a very big stock, so that's 64 00:03:05,400 --> 00:03:07,960 Speaker 4: part of what's dragging the stock six hundred a little 65 00:03:07,960 --> 00:03:10,480 Speaker 4: bit behind the UK's for S one hundred. 66 00:03:10,480 --> 00:03:15,679 Speaker 2: To day the Stock Movers Report from Bloomberg Radio. Check 67 00:03:15,760 --> 00:03:18,080 Speaker 2: back with us throughout the day for the latest roundup 68 00:03:18,120 --> 00:03:21,040 Speaker 2: of companies making news on Wall Street and for the 69 00:03:21,120 --> 00:03:25,560 Speaker 2: latest market moving headlines. 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