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: Let's take a look at some stocks on the move today.
Speaker 3: I'm Tim Stenebec along with Christina Raffini. We're joined by
Speaker 3: Bloomberg Television Markets correspondent Nora Melinda. What do you got
Speaker 3: for us, Norah?
Speaker 4: While talking in MGM Resorts taker MGM the stock up
Speaker 4: about nine percent. That's the best day that the stock
Speaker 4: has had in more than a year.
Speaker 1: Now.
Speaker 4: This is after we did see some ratings changes from
Speaker 4: some of these analysts on Wall Street, so we're seeing
Speaker 4: it was raised to overweight at JP Morgan. They're all
Speaker 4: talking about demand in Las Vegas. Apparently the Las Vegas
Speaker 4: Strip is still on and popping. People are out there.
Speaker 4: They're having a good time, and apparently that is a
Speaker 4: great to no surprise tailwind for a company like MGM.
Speaker 4: So we're seeing shares up about nine percent. The stock
Speaker 4: on a your date basis up fifteen percent so far
Speaker 4: this year.
Speaker 3: We are going to Vegas?
Speaker 4: Are you know we we are? Where was my invite?
Speaker 4: I don't know.
Speaker 3: We're doing a room mode. I'm going with Carol. Sebastian
Speaker 3: is coming.
Speaker 4: We're going to have a great career.
Speaker 3: Maybe we're going to go to the sphere.
Speaker 1: I don't know if oh I could pull some weekend contributions.
Speaker 2: I'm sure the figured it out.
Speaker 3: For less than twenty four hours.
Speaker 1: All right, I'm less interested now we are looking for
Speaker 1: in and out.
Speaker 2: Oh yeah.
Speaker 3: One thing that I'm interested to see is exactly what
Speaker 3: you were talking about, Nora, is what's happening on the
Speaker 3: ground there. Who are we seeing there? International visitors were
Speaker 3: huge for Vegas, but that has changed in recent years.
Speaker 3: And yeah, I think a lot of people.
Speaker 1: Are so Vegas has gotten so expensive. You know, when
Speaker 1: I went as a kid, it was you know, ninety
Speaker 1: nine cent the phase and that was a grass from Colorado. Yeah,
Speaker 1: oh no, weeper vacations. We drove.
Speaker 3: Okay, that's a beautiful drive.
Speaker 1: Actually it's gorgeous and it was affordable, but it's not anymore.
Speaker 1: And so if if Vegas can't have the cachet that
Speaker 1: makes it worth that long trip, how's it doing?
Speaker 2: Right?
Speaker 1: You guys have to report back?
Speaker 4: The second best performer in the s to P five
Speaker 4: hundred today and sticking with that theme of travelers leisure.
Speaker 4: Also looking at shares of United Airlines ticker ual Now,
Speaker 4: we did see that the CEO was essentially underscoring this
Speaker 4: robust demand despite high oil prices. People thought this would
Speaker 4: be a major concern for airlines like United American Airlines
Speaker 4: and whether or not they'd be able to still function
Speaker 4: at the same level of capacity. Apparently, people are still
Speaker 4: buying flights, whether it's domestic international, They're still seeing demand,
Speaker 4: so people are finding some money in their pockets somewhere
Speaker 4: to take that trip that they're interested in going on.
Speaker 1: We talked about the Bloomberg Travel survey this past weekend
Speaker 1: and what they found asking people is when it comes
Speaker 1: to all the luxuries, people prioritize travel right now above
Speaker 1: anything else, buying clothes, buying anything else with the thing
Speaker 1: they were willing to spend on and even pay later
Speaker 1: go now is travel. People still want to get out
Speaker 1: of dogs.
Speaker 2: They love to buy now pilat.
Speaker 4: Absolutely, people love an experience, and of course we do
Speaker 4: know some of those lower income customers are still struggling
Speaker 4: to find certain ways to be able to pay for
Speaker 4: some of these flights, so we do see that being
Speaker 4: underscored from some of these CEOs, But generally speaking, people
Speaker 4: are still finding money for those vacations that they want
Speaker 4: to take.
Speaker 3: Okay, I don't have a great segue from experiences to
Speaker 3: heart surgery except for that that's an experience. I guess
Speaker 3: as well, it is an experience. But let's talk a
Speaker 3: little bit about Boston Scientific Shares felt today.
Speaker 4: I know shares we're following, of course we do know.
Speaker 4: This is after the company CEO did say in an
Speaker 4: industry conference that standalone Watchman heart implant procedures are continuing
Speaker 4: to decline. So you saw that really playing out in
Speaker 4: the market today as people were thinking about this company
Speaker 4: more broadly. Stock was down about thirteen percent on the day.
Speaker 4: But it's really been struggling so far this year. The
Speaker 4: shares of the company are down about forty seven percent
Speaker 4: so far in twenty twenty six, and we're coming up
Speaker 4: almost six months into the year.
Speaker 3: Yeah, this is a device that is implanted by a surgeon.
Speaker 3: It reduces It's designed to reduce stroke risk in patients
Speaker 3: with a certain type of a fail in Boston Scientific
Speaker 3: Shares a fabtrial fibrillation. Boston Scientific Shares fell as a
Speaker 3: result of what you were talking about.
Speaker 2: Absolutely the Stockmovers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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