WEBVTT - MGM Resorts Gains, Boston Scientific Falls, Snowflake Soars

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Tim Stenebec along with Christina Raffini. We're joined by

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<v Speaker 3>Bloomberg Television Markets correspondent Nora Melinda. What do you got

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<v Speaker 3>for us, Norah?

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<v Speaker 4>While talking in MGM Resorts taker MGM the stock up

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<v Speaker 4>about nine percent. That's the best day that the stock

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<v Speaker 4>has had in more than a year.

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<v Speaker 1>Now.

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<v Speaker 4>This is after we did see some ratings changes from

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<v Speaker 4>some of these analysts on Wall Street, so we're seeing

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<v Speaker 4>it was raised to overweight at JP Morgan. They're all

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<v Speaker 4>talking about demand in Las Vegas. Apparently the Las Vegas

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<v Speaker 4>Strip is still on and popping. People are out there.

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<v Speaker 4>They're having a good time, and apparently that is a

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<v Speaker 4>great to no surprise tailwind for a company like MGM.

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<v Speaker 4>So we're seeing shares up about nine percent. The stock

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<v Speaker 4>on a your date basis up fifteen percent so far

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<v Speaker 4>this year.

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<v Speaker 3>We are going to Vegas?

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<v Speaker 4>Are you know we we are? Where was my invite?

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<v Speaker 4>I don't know.

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<v Speaker 3>We're doing a room mode. I'm going with Carol. Sebastian

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<v Speaker 3>is coming.

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<v Speaker 4>We're going to have a great career.

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<v Speaker 3>Maybe we're going to go to the sphere.

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<v Speaker 1>I don't know if oh I could pull some weekend contributions.

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<v Speaker 2>I'm sure the figured it out.

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<v Speaker 3>For less than twenty four hours.

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<v Speaker 1>All right, I'm less interested now we are looking for

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<v Speaker 1>in and out.

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<v Speaker 2>Oh yeah.

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<v Speaker 3>One thing that I'm interested to see is exactly what

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<v Speaker 3>you were talking about, Nora, is what's happening on the

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<v Speaker 3>ground there. Who are we seeing there? International visitors were

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<v Speaker 3>huge for Vegas, but that has changed in recent years.

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<v Speaker 3>And yeah, I think a lot of people.

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<v Speaker 1>Are so Vegas has gotten so expensive. You know, when

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<v Speaker 1>I went as a kid, it was you know, ninety

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<v Speaker 1>nine cent the phase and that was a grass from Colorado. Yeah,

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<v Speaker 1>oh no, weeper vacations. We drove.

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<v Speaker 3>Okay, that's a beautiful drive.

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<v Speaker 1>Actually it's gorgeous and it was affordable, but it's not anymore.

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<v Speaker 1>And so if if Vegas can't have the cachet that

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<v Speaker 1>makes it worth that long trip, how's it doing?

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<v Speaker 2>Right?

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<v Speaker 1>You guys have to report back?

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<v Speaker 4>The second best performer in the s to P five

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<v Speaker 4>hundred today and sticking with that theme of travelers leisure.

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<v Speaker 4>Also looking at shares of United Airlines ticker ual Now,

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<v Speaker 4>we did see that the CEO was essentially underscoring this

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<v Speaker 4>robust demand despite high oil prices. People thought this would

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<v Speaker 4>be a major concern for airlines like United American Airlines

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<v Speaker 4>and whether or not they'd be able to still function

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<v Speaker 4>at the same level of capacity. Apparently, people are still

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<v Speaker 4>buying flights, whether it's domestic international, They're still seeing demand,

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<v Speaker 4>so people are finding some money in their pockets somewhere

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<v Speaker 4>to take that trip that they're interested in going on.

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<v Speaker 1>We talked about the Bloomberg Travel survey this past weekend

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<v Speaker 1>and what they found asking people is when it comes

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<v Speaker 1>to all the luxuries, people prioritize travel right now above

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<v Speaker 1>anything else, buying clothes, buying anything else with the thing

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<v Speaker 1>they were willing to spend on and even pay later

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<v Speaker 1>go now is travel. People still want to get out

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<v Speaker 1>of dogs.

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<v Speaker 2>They love to buy now pilat.

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<v Speaker 4>Absolutely, people love an experience, and of course we do

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<v Speaker 4>know some of those lower income customers are still struggling

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<v Speaker 4>to find certain ways to be able to pay for

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<v Speaker 4>some of these flights, so we do see that being

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<v Speaker 4>underscored from some of these CEOs, But generally speaking, people

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<v Speaker 4>are still finding money for those vacations that they want

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<v Speaker 4>to take.

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<v Speaker 3>Okay, I don't have a great segue from experiences to

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<v Speaker 3>heart surgery except for that that's an experience. I guess

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<v Speaker 3>as well, it is an experience. But let's talk a

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<v Speaker 3>little bit about Boston Scientific Shares felt today.

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<v Speaker 4>I know shares we're following, of course we do know.

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<v Speaker 4>This is after the company CEO did say in an

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<v Speaker 4>industry conference that standalone Watchman heart implant procedures are continuing

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<v Speaker 4>to decline. So you saw that really playing out in

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<v Speaker 4>the market today as people were thinking about this company

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<v Speaker 4>more broadly. Stock was down about thirteen percent on the day.

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<v Speaker 4>But it's really been struggling so far this year. The

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<v Speaker 4>shares of the company are down about forty seven percent

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<v Speaker 4>so far in twenty twenty six, and we're coming up

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<v Speaker 4>almost six months into the year.

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<v Speaker 3>Yeah, this is a device that is implanted by a surgeon.

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<v Speaker 3>It reduces It's designed to reduce stroke risk in patients

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<v Speaker 3>with a certain type of a fail in Boston Scientific

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<v Speaker 3>Shares a fabtrial fibrillation. Boston Scientific Shares fell as a

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<v Speaker 3>result of what you were talking about.

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<v Speaker 2>Absolutely the Stockmovers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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