Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Now, let's have a look at the stocks on the
Speaker 3: move today. Here in up, I'm Caroline Hepcut alongside Tom McKenzie.
Speaker 3: I'm a joined by Bloomberg Sam on Stead. Good morning, Sam.
Speaker 3: Acado's slipping. What's behind the big drop for the well
Speaker 3: the superman not quite a supermarket retailer. They make the
Speaker 3: equipment right for warehouses.
Speaker 4: Robot warehouses, and that's really the major part of their
Speaker 4: business now that most of the joint venture that they
Speaker 4: had for retailer has gone to mar Suspencer. Kroger, the
Speaker 4: big US grosser, is probably their major customer. That's the
Speaker 4: one that people watch the most for licensing this this
Speaker 4: warehouse technology. Comments from yesterday from Kroger after the results
Speaker 4: suggesting that they're considering bringing more of their deliveries in house.
Speaker 4: That is obviously really not good news for a Cardo
Speaker 4: because this is the kind of big flagship deal that
Speaker 4: they did for that side of their business. Shares down
Speaker 4: about ten percent. I would know Ccado quite a volatile stock,
Speaker 4: you know generally, so that you know that it might
Speaker 4: be a little bit more exacerbated than they might be
Speaker 4: for other companies, but ten percent down and really it's
Speaker 4: quite a fundamental issue if Kroger start to bring more
Speaker 4: stuff in house and don't use a Cardo's right.
Speaker 1: It is interesting, isn't it, how volatile that stock is
Speaker 1: compared to some of its some of its peers. When
Speaker 1: it comes to a very different sector, the miners, they're
Speaker 1: doing quite well. So yeah, so far in a session.
Speaker 1: What's going on with the mining sector.
Speaker 4: Well, gold miners in particular, so I mean almost the
Speaker 4: opposite its linking to the gold price. Yeah, I mean
Speaker 4: almost the opposite really of Okada. I mean not just
Speaker 4: not volatile this year, but just pretty much one direction
Speaker 4: throughout the entire year. So for as Nilo, who you
Speaker 4: just mentioned, Tom, you know, they are flying this year.
Speaker 4: They are about two hundred and seventy two hundred and
Speaker 4: eighty percent. It's pretty much consistent throughout the whole year.
Speaker 4: Most of that is through the gold price obviously, and
Speaker 4: they're effectively printing money for themselves at the moment. They're
Speaker 4: cutting costs a lot of their minds, but gold price
Speaker 4: is going up, so everything is kind of working in
Speaker 4: their favor, and today gold moving further and further higher,
Speaker 4: testing the record that it hit on Tuesday. Silver also
Speaker 4: going up for as Nilo for example, also Mine for silver,
Speaker 4: So all everything around these companies at the moment is
Speaker 4: working in their favor, and gold Mine is continually rising
Speaker 4: on that.
Speaker 3: Hmm, that's interesting. Let's think about the pharmaceutical sector. Nevartis
Speaker 3: is down. This is on a huge story in the US.
Speaker 4: Well, this is actually mostly on a Goldman Sachs downgrade
Speaker 4: this morning, so god and Sacks cut norv Artists to
Speaker 4: sell today. They basically said that the last few years
Speaker 4: Navasa has been on a good run. They've been delivering
Speaker 4: really good, solid sales growth, but over the next couple
Speaker 4: of years they see that structurally shifting a little bit,
Speaker 4: bigger competition from generics coming through, and that that might
Speaker 4: result in growth just kind of generally and very structurally
Speaker 4: moving a little bit lower than it has been in
Speaker 4: the last few years. Quite a rare thing as well
Speaker 4: as sell rating for Novartists. Almost all the analysts who
Speaker 4: cover them or either hold or buy, so that's standing
Speaker 4: out today and also a very big stock, so that's
Speaker 4: part of what's dragging the stock six hundred a little
Speaker 4: bit behind the UK's for S one hundred.
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