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: I'm Carol Masser along with Bailey Lipshealtz. Let's get to
Speaker 3: some stocks on the move today. Bloomberg News Equities reporter
Speaker 3: Natalia kenny Jaevich is here in studio. Let's talk about
Speaker 3: stocks on the move. Where do you want to start?
Speaker 3: I think, I bet I know where you want to start.
Speaker 3: Maybe I don't know where you want to I want Jones, No,
Speaker 3: but I love that you're going to go there, all.
Speaker 4: Right, So let's end with Papa John. The tickets Pzza
Speaker 4: the Stuff jump as much as twenty three percent today
Speaker 4: but closed about ten percent higher. This is after Street
Speaker 4: Insider reported that the pizza operator received as sixty four
Speaker 4: dollars per sure a bit from Apollo Global Management. I
Speaker 4: have to find out that the company declined to comment
Speaker 4: to Bloomberg, but sources told Street Insider that the private
Speaker 4: equity has been granted access to due diligence and a
Speaker 4: potential deal could come just in a few weeks from now.
Speaker 4: When I spoke with one analyst, and I asked, like,
Speaker 4: why would it do it right now? He's like, well,
Speaker 4: first of all, everything has a price. The company has
Speaker 4: been struggling. It's underperforming Domino's Pizza, especially after Domino started
Speaker 4: collaborating with delivery services like Door, Dash, Uber and potentially
Speaker 4: probably it's more important. The twenty twenty four was a
Speaker 4: really tough year for quick restaurant services companies because consumers
Speaker 4: are becoming more picky. Right at the low end of
Speaker 4: the consumer chain.
Speaker 1: Gotta make choices.
Speaker 3: Maybe it's food delivery.
Speaker 4: Yeah, so pandemic yeas definitely was a great time. But
Speaker 4: then I looked at the price a stop price starting
Speaker 4: from October twenty twenty one. Guys, guess what it's done
Speaker 4: by sixty three percent?
Speaker 3: Wow, that's a lot.
Speaker 1: Even with today's move, it's only recouping losses from like
Speaker 1: the last four days in Itali. I think gets interesting.
Speaker 1: As you mentioned, if you see a report that says
Speaker 1: sixty four dollars and it closes at forty six, I
Speaker 1: think investors aren't buying it.
Speaker 2: Yeah, exactly.
Speaker 3: I was surprised by that, right that it didn't even
Speaker 3: move up to that. All right, let's go to LVS.
Speaker 4: LVS Yes, Las Vegas sans the stock is down by
Speaker 4: six percent, just as other Macau casina operators. It came
Speaker 4: as some industry reports showed that demand for casinos was
Speaker 4: week particularly I'm citing Jeffrey's data. They said that demand
Speaker 4: that includes the end of the Golden Week holiday in
Speaker 4: China was lower than expected. Macau gaming revenue for seven
Speaker 4: days ended on October twelve was down forty six percent
Speaker 4: on a week of a week basis, on a month
Speaker 4: of to day basis, it's also disappointing. That implies about
Speaker 4: five percent a year of a year drop, So lots
Speaker 4: of concerns. We see that these stocks are under pressure.
Speaker 1: And you're also seeing Golden Week is such a big
Speaker 1: event in a and if people aren't leaving mainland China
Speaker 1: to go gamble, the question comes back to how is
Speaker 1: the health of the Chinese consumer or the people at
Speaker 1: the top ten percent if they aren't making those trips
Speaker 1: to I don't know, bet on horses and kind of
Speaker 1: do everything else. Have you been to mccount No?
Speaker 3: I have it?
Speaker 1: Can you No? I was in Hong Kong, but I
Speaker 1: didn't make the trip. I was told it's a glorified Vegas,
Speaker 1: and I try to limit my time in Vegas. But
Speaker 1: that's I digress, Natalia. I think the stock that you
Speaker 1: want to end on is the one that Carol thought
Speaker 1: you might start on.
Speaker 3: Can I just say the Las Vegas stands like not
Speaker 3: all gaming companies are gambling are the same, but they
Speaker 3: have increased, Like their exposure to MACAU is a big one.
Speaker 3: So the China play is really important for them.
Speaker 1: And we saw win under pressure. So two of the
Speaker 1: three worst performers we talked about that on TV, two
Speaker 1: of the worst three performers in the SP five hundred
Speaker 1: all because of that exposure to MCAU. Anyway, back to
Speaker 1: the green Yeah.
Speaker 3: All you got to today.
Speaker 4: Dot rotcom, the tickets av g O. The stock is
Speaker 4: up by ten percent I should say nine point nine
Speaker 4: eighty eight today. Of course it came off open AI
Speaker 4: agreed to buy companies custom chips and networking equipment.
Speaker 3: Had a dollar for every time I said broad Camber
Speaker 3: open AI today.
Speaker 4: I know, I know, of course it brings more positive
Speaker 4: sentiment across AI's names. I was looking at analysts reaction.
Speaker 4: Here's what I found. So for example, Millions Research that
Speaker 4: which has one hundred and forty excuse me, four hundred
Speaker 4: and fifteen price target. The stock is now treating at
Speaker 4: three fifty six. They said that this deal would double
Speaker 4: AI revenue in twenty twenty six and then double again
Speaker 4: in twenty twenty seven. However, when we look at today's
Speaker 4: price reaction, Vitil Knowledge analysts said that one of the
Speaker 4: biggest reasons why this stock jumped after earnings report is
Speaker 4: because Broadcom announced this partnership with open Ai, and they said,
Speaker 4: that's a quote. It seems like the announcement this morning
Speaker 4: is a little bit recycled, so investors knew that there
Speaker 4: was a pact between the two companies.
Speaker 3: I still on how much time do we devote talking
Speaker 3: to this.
Speaker 1: I still want to know what happens if if Opening
Speaker 1: Eye was public, where would the shares be up or
Speaker 1: down today? I have no idea.
Speaker 3: Well, you know they're spending We think.
Speaker 1: You're right.
Speaker 3: We don't like this is this is this vacuum that
Speaker 3: is AI and they are, you know, kind of the
Speaker 3: poster child of all of it. And it's either going
Speaker 3: to be a massive win or I don't know, it
Speaker 3: could end badly, and we talked about it earlier.
Speaker 1: You're better off being wrong. When everyone else is wrong,
Speaker 1: than to be the one who sits it out a
Speaker 1: La Intel.
Speaker 3: Well, that's the bet, right and that's the risk. Right now.
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