1 00:00:02,520 --> 00:00:07,440 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 --> 00:00:16,160 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,320 --> 00:00:18,200 Speaker 1: Let's take a look at now some of these stocks 5 00:00:18,239 --> 00:00:20,800 Speaker 1: on the move today. I'm Paul Swing alongside dis Mattel. 6 00:00:20,800 --> 00:00:21,760 Speaker 2: We're joined by Bloombergs. 7 00:00:21,760 --> 00:00:23,079 Speaker 3: They needs a so COVID, the needs to what are 8 00:00:23,079 --> 00:00:23,800 Speaker 3: you looking at today? 9 00:00:23,960 --> 00:00:24,960 Speaker 1: Let's look at Volunteer. 10 00:00:25,239 --> 00:00:28,120 Speaker 3: It's now a four hundred billion dollar company. 11 00:00:28,400 --> 00:00:30,240 Speaker 1: The stock is up eight percent today. 12 00:00:30,280 --> 00:00:35,760 Speaker 3: The tickers, of course is poltr Bountary reporter forty eight 13 00:00:36,400 --> 00:00:39,680 Speaker 3: Increase in revenue in the second quarter more than one billion, 14 00:00:40,120 --> 00:00:44,239 Speaker 3: citing AI astonishing an impact of AI. Quarterly revenue has 15 00:00:44,240 --> 00:00:47,040 Speaker 3: surpassed one billion for the first time, but it has 16 00:00:47,080 --> 00:00:50,480 Speaker 3: actually accelerated for eighth quarters in a row, really really 17 00:00:50,560 --> 00:00:54,400 Speaker 3: incredible growth. We're seeing growth both in the private and 18 00:00:54,480 --> 00:00:57,840 Speaker 3: the public sector. The company's used government rent revenue climb 19 00:00:57,920 --> 00:01:01,120 Speaker 3: fifty three percent in the quarter. It's revenue from commercial 20 00:01:01,160 --> 00:01:03,320 Speaker 3: contracts in the US climbed even quicker. 21 00:01:03,440 --> 00:01:05,680 Speaker 1: It rolls ninety three percent. That was a number a 22 00:01:05,720 --> 00:01:06,679 Speaker 1: lot of people on the street. 23 00:01:07,319 --> 00:01:10,360 Speaker 3: We're looking at the data software company raised its revenue 24 00:01:10,360 --> 00:01:13,880 Speaker 3: outlook for the full year to about four point fifteen billion. 25 00:01:13,959 --> 00:01:16,880 Speaker 3: This is way above what the street was expecting. Very 26 00:01:16,920 --> 00:01:19,880 Speaker 3: strong earning streetport and of course the company has searched 27 00:01:19,880 --> 00:01:22,240 Speaker 3: more than five hundred percent over the past year. We 28 00:01:22,319 --> 00:01:25,480 Speaker 3: had a wonderful story in the termino yesterday about the 29 00:01:25,480 --> 00:01:29,160 Speaker 3: CEO becoming the fifth billionaire from that company. So clearly 30 00:01:29,200 --> 00:01:32,080 Speaker 3: an incredible wealth growth story and a company that's been 31 00:01:32,080 --> 00:01:34,840 Speaker 3: doing very, very well. And the question is for how long, 32 00:01:34,880 --> 00:01:35,560 Speaker 3: of course. 33 00:01:35,560 --> 00:01:38,639 Speaker 1: Right, that's what you're just talking man Dave about earlier. Okay, 34 00:01:38,720 --> 00:01:39,240 Speaker 1: coin based. 35 00:01:39,240 --> 00:01:42,240 Speaker 3: Now, when I hear coin Base, I automatallymatically my eyes 36 00:01:42,240 --> 00:01:44,000 Speaker 3: got a bitcoin right now and I look at it. 37 00:01:44,000 --> 00:01:44,760 Speaker 1: It's lower. 38 00:01:45,200 --> 00:01:47,119 Speaker 3: Is it the same for coinbase or the lower ready? 39 00:01:47,319 --> 00:01:48,280 Speaker 1: It does explain it. 40 00:01:48,360 --> 00:01:51,120 Speaker 3: I feel though most of the time, when when Bitcoin 41 00:01:51,200 --> 00:01:53,440 Speaker 3: is down, it's coming with coin Base being down. 42 00:01:53,440 --> 00:01:54,880 Speaker 1: But there are actually some company news. 43 00:01:54,920 --> 00:01:59,360 Speaker 3: The company is falling after it announced its intention to 44 00:01:59,440 --> 00:02:03,840 Speaker 3: offer two billion in conformable senior notes. And that's obviously 45 00:02:03,880 --> 00:02:08,040 Speaker 3: has been a major rush among all those cryptocurrency companies. 46 00:02:08,040 --> 00:02:10,320 Speaker 3: They've been tapping the market to lock in cheap capital. 47 00:02:11,200 --> 00:02:14,080 Speaker 3: But it also comes just a few days after the 48 00:02:14,080 --> 00:02:17,680 Speaker 3: company reported lower and estimated second quarter revenue, I mean 49 00:02:17,720 --> 00:02:20,680 Speaker 3: a drop in digital asset market. Voltuiti stock is down 50 00:02:21,120 --> 00:02:25,160 Speaker 3: five percent today the tickeries c I M, the company's stock. 51 00:02:25,560 --> 00:02:28,880 Speaker 3: Company stock fell seventy percent last week after it reported 52 00:02:28,960 --> 00:02:31,079 Speaker 3: lowered and estimated second quarter revenue. 53 00:02:31,440 --> 00:02:32,480 Speaker 1: Investors showed me to. 54 00:02:32,440 --> 00:02:36,160 Speaker 3: Surprise because they actually the stock has been declining on 55 00:02:36,280 --> 00:02:40,000 Speaker 3: earnings days for six trade quarters. Obviously, there has been 56 00:02:40,320 --> 00:02:43,400 Speaker 3: much more than fundamentals in the crypto story. That has 57 00:02:43,440 --> 00:02:46,200 Speaker 3: been something that suddenly became a major think in Washington. 58 00:02:46,240 --> 00:02:48,200 Speaker 1: There has been legislation passed. 59 00:02:48,240 --> 00:02:51,519 Speaker 3: But some interesting thing is that the progress in Congress 60 00:02:51,600 --> 00:02:55,280 Speaker 3: in regulating digital currencies. Some anlysts are seeing this as 61 00:02:55,280 --> 00:02:58,760 Speaker 3: a negative for coinbase because it means more competition. 62 00:02:58,960 --> 00:03:01,120 Speaker 1: So that's quite an interesting taken. Obviously something we will 63 00:03:01,160 --> 00:03:01,480 Speaker 1: look for. 64 00:03:01,720 --> 00:03:03,640 Speaker 3: But the company is still up to twenty five percent 65 00:03:03,680 --> 00:03:07,200 Speaker 3: year today, so still a strong gear. JP Morgan and 66 00:03:07,360 --> 00:03:09,760 Speaker 3: writing the deal. That's the first thing for a news story. 67 00:03:10,560 --> 00:03:12,320 Speaker 1: One more for us what you got. 68 00:03:12,480 --> 00:03:15,280 Speaker 3: That's been a very interesting one. Hymns and Hers shares 69 00:03:15,400 --> 00:03:18,720 Speaker 3: dropped in early trading. It was down about fourteen percent 70 00:03:18,800 --> 00:03:22,840 Speaker 3: now it's about seven. The tickers hims. So this is 71 00:03:22,880 --> 00:03:27,280 Speaker 3: San Francisco Bait Company reported five hundred forty five million 72 00:03:28,760 --> 00:03:31,840 Speaker 3: of sales for the months that in the June thirtieth. 73 00:03:31,919 --> 00:03:34,400 Speaker 3: The stock has reason more than six one hundred and 74 00:03:34,480 --> 00:03:37,200 Speaker 3: sixty percent this year, just in credibly rally. 75 00:03:37,560 --> 00:03:39,360 Speaker 1: So their main thing. 76 00:03:39,520 --> 00:03:42,760 Speaker 3: Is that they were offering a lot of main wellness drugs, 77 00:03:42,760 --> 00:03:45,320 Speaker 3: but they actually became very popular and they generated a 78 00:03:45,400 --> 00:03:49,120 Speaker 3: role of revenue from cheaper version of popular weight loss drugs. 79 00:03:49,280 --> 00:03:50,680 Speaker 1: But that business has been. 80 00:03:50,600 --> 00:03:53,000 Speaker 3: A lot of pressure, under a lot of pressure as 81 00:03:53,120 --> 00:03:57,480 Speaker 3: the FDA ordered companies to stop selling cheaper copies of 82 00:03:57,520 --> 00:04:01,440 Speaker 3: the name brands which are obviously popularized by Eli Lille Novoris. 83 00:04:01,760 --> 00:04:04,280 Speaker 3: And one key measure in this report that perhaps is 84 00:04:04,280 --> 00:04:08,240 Speaker 3: wearing investor is that the weight loss drugs were one 85 00:04:08,280 --> 00:04:11,000 Speaker 3: hundred and ninety million in the sake quarter the revenue 86 00:04:11,000 --> 00:04:13,480 Speaker 3: that came from it, which is lower than what we 87 00:04:13,560 --> 00:04:16,040 Speaker 3: saw before. The company is still up one hundred and 88 00:04:16,080 --> 00:04:19,560 Speaker 3: forty percent, but one key path for revenue is under 89 00:04:19,600 --> 00:04:22,640 Speaker 3: pressure and investors are clearly not reacting well to it. 90 00:04:24,040 --> 00:04:28,040 Speaker 2: The stock mover's report from Bloomberg Radio. Check back with 91 00:04:28,120 --> 00:04:30,720 Speaker 2: us throughout the day for the latest roundup of companies 92 00:04:30,760 --> 00:04:33,880 Speaker 2: making news on Wall Street and for the latest market 93 00:04:33,920 --> 00:04:38,400 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 94 00:04:38,480 --> 00:04:41,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 95 00:04:42,040 --> 00:04:43,520 Speaker 2: the Bloomberg Business app.