WEBVTT - Ocado Slips, Fresnillo Gains, Novartis Drops

0:00:02.520 --> 0:00:07.360
<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.600 --> 0:00:17.919
<v Speaker 3>Now, let's have a look at the stocks on the

0:00:17.960 --> 0:00:20.959
<v Speaker 3>move today. Here in up, I'm Caroline Hepcut alongside Tom McKenzie.

0:00:21.000 --> 0:00:23.799
<v Speaker 3>I'm a joined by Bloomberg Sam on Stead. Good morning, Sam.

0:00:24.079 --> 0:00:28.720
<v Speaker 3>Acado's slipping. What's behind the big drop for the well

0:00:28.800 --> 0:00:31.880
<v Speaker 3>the superman not quite a supermarket retailer. They make the

0:00:31.920 --> 0:00:34.479
<v Speaker 3>equipment right for warehouses.

0:00:34.159 --> 0:00:37.479
<v Speaker 4>Robot warehouses, and that's really the major part of their

0:00:37.520 --> 0:00:39.440
<v Speaker 4>business now that most of the joint venture that they

0:00:39.479 --> 0:00:42.680
<v Speaker 4>had for retailer has gone to mar Suspencer. Kroger, the

0:00:42.840 --> 0:00:45.879
<v Speaker 4>big US grosser, is probably their major customer. That's the

0:00:45.880 --> 0:00:49.080
<v Speaker 4>one that people watch the most for licensing this this

0:00:49.120 --> 0:00:53.199
<v Speaker 4>warehouse technology. Comments from yesterday from Kroger after the results

0:00:53.280 --> 0:00:56.280
<v Speaker 4>suggesting that they're considering bringing more of their deliveries in house.

0:00:56.640 --> 0:00:59.080
<v Speaker 4>That is obviously really not good news for a Cardo

0:00:59.200 --> 0:01:01.960
<v Speaker 4>because this is the kind of big flagship deal that

0:01:02.000 --> 0:01:04.520
<v Speaker 4>they did for that side of their business. Shares down

0:01:04.520 --> 0:01:07.520
<v Speaker 4>about ten percent. I would know Ccado quite a volatile stock,

0:01:07.680 --> 0:01:10.240
<v Speaker 4>you know generally, so that you know that it might

0:01:10.240 --> 0:01:11.840
<v Speaker 4>be a little bit more exacerbated than they might be

0:01:11.840 --> 0:01:14.399
<v Speaker 4>for other companies, but ten percent down and really it's

0:01:14.480 --> 0:01:17.280
<v Speaker 4>quite a fundamental issue if Kroger start to bring more

0:01:17.280 --> 0:01:19.959
<v Speaker 4>stuff in house and don't use a Cardo's right.

0:01:20.640 --> 0:01:22.640
<v Speaker 1>It is interesting, isn't it, how volatile that stock is

0:01:22.760 --> 0:01:25.680
<v Speaker 1>compared to some of its some of its peers. When

0:01:25.720 --> 0:01:31.360
<v Speaker 1>it comes to a very different sector, the miners, they're

0:01:31.400 --> 0:01:34.000
<v Speaker 1>doing quite well. So yeah, so far in a session.

0:01:34.440 --> 0:01:36.440
<v Speaker 1>What's going on with the mining sector.

0:01:36.200 --> 0:01:38.400
<v Speaker 4>Well, gold miners in particular, so I mean almost the

0:01:38.440 --> 0:01:40.720
<v Speaker 4>opposite its linking to the gold price. Yeah, I mean

0:01:40.760 --> 0:01:43.000
<v Speaker 4>almost the opposite really of Okada. I mean not just

0:01:43.040 --> 0:01:45.319
<v Speaker 4>not volatile this year, but just pretty much one direction

0:01:45.520 --> 0:01:47.800
<v Speaker 4>throughout the entire year. So for as Nilo, who you

0:01:47.920 --> 0:01:51.240
<v Speaker 4>just mentioned, Tom, you know, they are flying this year.

0:01:51.280 --> 0:01:53.200
<v Speaker 4>They are about two hundred and seventy two hundred and

0:01:53.200 --> 0:01:55.880
<v Speaker 4>eighty percent. It's pretty much consistent throughout the whole year.

0:01:56.280 --> 0:01:58.080
<v Speaker 4>Most of that is through the gold price obviously, and

0:01:58.320 --> 0:02:00.600
<v Speaker 4>they're effectively printing money for themselves at the moment. They're

0:02:00.640 --> 0:02:02.520
<v Speaker 4>cutting costs a lot of their minds, but gold price

0:02:02.600 --> 0:02:04.640
<v Speaker 4>is going up, so everything is kind of working in

0:02:04.680 --> 0:02:08.280
<v Speaker 4>their favor, and today gold moving further and further higher,

0:02:08.320 --> 0:02:11.200
<v Speaker 4>testing the record that it hit on Tuesday. Silver also

0:02:11.280 --> 0:02:13.960
<v Speaker 4>going up for as Nilo for example, also Mine for silver,

0:02:14.320 --> 0:02:17.600
<v Speaker 4>So all everything around these companies at the moment is

0:02:17.639 --> 0:02:20.639
<v Speaker 4>working in their favor, and gold Mine is continually rising

0:02:20.639 --> 0:02:20.840
<v Speaker 4>on that.

0:02:21.200 --> 0:02:25.480
<v Speaker 3>Hmm, that's interesting. Let's think about the pharmaceutical sector. Nevartis

0:02:25.639 --> 0:02:28.760
<v Speaker 3>is down. This is on a huge story in the US.

0:02:29.560 --> 0:02:32.560
<v Speaker 4>Well, this is actually mostly on a Goldman Sachs downgrade

0:02:32.560 --> 0:02:35.440
<v Speaker 4>this morning, so god and Sacks cut norv Artists to

0:02:35.720 --> 0:02:40.239
<v Speaker 4>sell today. They basically said that the last few years

0:02:40.480 --> 0:02:42.800
<v Speaker 4>Navasa has been on a good run. They've been delivering

0:02:42.840 --> 0:02:45.200
<v Speaker 4>really good, solid sales growth, but over the next couple

0:02:45.240 --> 0:02:48.359
<v Speaker 4>of years they see that structurally shifting a little bit,

0:02:48.440 --> 0:02:51.880
<v Speaker 4>bigger competition from generics coming through, and that that might

0:02:51.960 --> 0:02:55.120
<v Speaker 4>result in growth just kind of generally and very structurally

0:02:55.240 --> 0:02:56.679
<v Speaker 4>moving a little bit lower than it has been in

0:02:56.720 --> 0:02:58.360
<v Speaker 4>the last few years. Quite a rare thing as well

0:02:58.400 --> 0:03:00.639
<v Speaker 4>as sell rating for Novartists. Almost all the analysts who

0:03:00.639 --> 0:03:03.200
<v Speaker 4>cover them or either hold or buy, so that's standing

0:03:03.200 --> 0:03:05.359
<v Speaker 4>out today and also a very big stock, so that's

0:03:05.400 --> 0:03:07.960
<v Speaker 4>part of what's dragging the stock six hundred a little

0:03:07.960 --> 0:03:10.480
<v Speaker 4>bit behind the UK's for S one hundred.

0:03:10.480 --> 0:03:15.679
<v Speaker 2>To day the Stock Movers Report from Bloomberg Radio. Check

0:03:15.760 --> 0:03:18.080
<v Speaker 2>back with us throughout the day for the latest roundup

0:03:18.120 --> 0:03:21.040
<v Speaker 2>of companies making news on Wall Street and for the

0:03:21.120 --> 0:03:25.560
<v Speaker 2>latest market moving headlines. Listen to Bloomberg Radio Live, catch

0:03:25.639 --> 0:03:29.119
<v Speaker 2>us on YouTube, Bloomberg dot com, and on Applecarplay and

0:03:29.120 --> 0:03:31.560
<v Speaker 2>Android Auto with the Bloomberg Business app.