WEBVTT - Cava Jumps, PayPal Surges, Novo Sinks

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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 1>I'm Carol mass along a Tim Stent OFIC. Let's get

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<v Speaker 1>to some stocks on the move with us as Bloomberg

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<v Speaker 1>News Equities reporter Avalon Purnell. Here with stock Movers. We

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<v Speaker 1>got some earnings after the closing bell, We sure did.

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<v Speaker 3>We can start off with Kappa Group. That's ticker CAVA.

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<v Speaker 3>That stock is jumping nearly seven percent postmarket after the

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<v Speaker 3>Mediterranean Chain forecast bettered and expected comparative sales for the

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<v Speaker 3>year and also reported revenue for the fourth quarter do

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<v Speaker 3>beat expectations, which is great. It's kind of interesting as

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<v Speaker 3>well since Coppa's bucking the trend. I'm all like fast

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<v Speaker 3>casual Chipotle hasn't really been doing well. Sweet Green is

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<v Speaker 3>known as not being the best in this current situation

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<v Speaker 3>amongst like younger diners who have been looking elsewhere amid

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<v Speaker 3>price increases, So definitely good news from that area, and

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<v Speaker 3>also worth noting that Sweet Green will be reporting later

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<v Speaker 3>this week, so it'll be kind of curious to see

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<v Speaker 3>if peers are going to be doing as well as.

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<v Speaker 1>Commas, up like almost sixteen percent year to date, So

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<v Speaker 1>it really has been uplorming.

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<v Speaker 4>See what what it has been doing since those all

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<v Speaker 4>time highs a year ago.

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<v Speaker 1>Yeah, it was wheny dgs to the data sets in.

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<v Speaker 4>December twenty twenty four. Is out one hundred and fifty

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<v Speaker 4>dollars a share, sixty seven dollars a share right now.

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<v Speaker 1>Yeah, so that's a big haircut, all right, but at

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<v Speaker 1>least in the aftermarket investors are pretty happy.

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<v Speaker 4>So more than fifty percent since then.

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<v Speaker 1>Yeah, yeah, that's a big move to the downside.

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<v Speaker 4>Sweet Green's getting wraps apparently.

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<v Speaker 3>Yes, I'm excited. My sister texts me about that earlier today, so.

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<v Speaker 4>So I like this that you're excited about this, And

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<v Speaker 4>meanwhile Carol's just shaking her head.

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<v Speaker 1>First of all, I don't know why anybody would do

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<v Speaker 1>a rap, because it's like extra calories you don't need,

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<v Speaker 1>just do a salad, keep it healthy. I don't anytime

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<v Speaker 1>somebody's giving me a rap, I'm like, I unfolded, I

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<v Speaker 1>bill out the pieces. Interesting, you don't need a wrap. Sorry,

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<v Speaker 1>Sweet Green. I liked it. I've always liked.

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<v Speaker 4>Their stud I think one of the Chipotle founders. We

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<v Speaker 4>talked about this like over the summer. I think one

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<v Speaker 4>of the Chipotle founders, Steve El's I don't remember who

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<v Speaker 4>is Okay, he's starting a new anti slop bowl. H

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<v Speaker 4>really yeah, restaurant concept and it's about sandwiches.

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<v Speaker 1>Oh, sandwich is also messy. Give me a salad with

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<v Speaker 1>a fork. I'm sure you happy.

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<v Speaker 4>She wants a slop bowl a slop bull.

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<v Speaker 1>That's all right. No segue from slap bowl to PayPal.

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<v Speaker 1>But we did have some news late today that had

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<v Speaker 1>this stock movie.

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<v Speaker 3>Yes, PayPal ticker p YPL jumped about six point seven

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<v Speaker 3>percent into the close, that's the most since April, after

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<v Speaker 3>a report from Bloomberg saying that Stripe, which for those

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<v Speaker 3>who are unfamiliar, is a payment processing firm, is considering

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<v Speaker 3>acquiring all or part of PayPal, according to people familiar.

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<v Speaker 3>So the deliberations are definitely still early, so there's no

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<v Speaker 3>certainty of a deal. But I found this development to

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<v Speaker 3>be really interesting because PayPal has suffered a bit in

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<v Speaker 3>recent years amongst increasing competition in the digital payment space,

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<v Speaker 3>so really interesting.

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<v Speaker 1>There are a lot of choices when you need to

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<v Speaker 1>like make a payment, it's like kind of all over

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<v Speaker 1>the place. PayPal down twenty percent this year, but obviously

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<v Speaker 1>some momentum in terms of maybe some interest in buying

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<v Speaker 1>interest what we lost you to slop bowls.

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<v Speaker 4>Yeah, I'm trying to do it. I'm trying to.

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<v Speaker 1>Whenever it gets quiet, it's like we're talking about something

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<v Speaker 1>that I want to make sure I.

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<v Speaker 4>Know who did this, but I will go find it. Sorry,

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<v Speaker 4>I'm listening avalon.

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<v Speaker 1>I know.

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<v Speaker 4>I was thinking that there's we don't know if this

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<v Speaker 4>deal is going to happen, but there's no sort of

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<v Speaker 4>like more representation of something that's in like.

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<v Speaker 1>Really slop bowl Hell so I blamed Tim, but go ahead.

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<v Speaker 4>A new fintech company buying like og.

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<v Speaker 1>When it comes to fintech, it's kind of wild, right,

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<v Speaker 1>It's extremely wild. Yeah, but this is disruption of you know,

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<v Speaker 1>of the disruptors. If you will listen, let's go to

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<v Speaker 1>the JLP ONEPA because it's something we talked about a

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<v Speaker 1>lot on Monday. We continue the conversations today. I do

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<v Speaker 1>feel like there's a little bit of a battle between

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<v Speaker 1>all these companies going on.

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<v Speaker 3>Yes, it's definitely been another rough day for Novo Nordists.

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<v Speaker 3>Scott ticker is Envo. It closed down about two point

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<v Speaker 3>six percent and is back down to its lowest level

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<v Speaker 3>since twenty twenty one. That's after announcing that it plans

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<v Speaker 3>to slash US prices for its weight loss drugs we

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<v Speaker 3>go V and ozempic by as much as fifty percent

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<v Speaker 3>starting next year. And what I think was really interesting

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<v Speaker 3>about this is that the investors that I spoke with

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<v Speaker 3>towards the start of the year mentioned that there major

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<v Speaker 3>concerns with the obesity space was this potential race to

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<v Speaker 3>the bottom with pricing, and it seems as though those

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<v Speaker 3>concerns could be correct. That's at least been reignited on

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<v Speaker 3>this plan, and that's partially why Eli Lilly, It's peer

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<v Speaker 3>also ticker llly, also went down on those headlines, closing

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<v Speaker 3>down about one point six percent.

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<v Speaker 1>It's definitely an area that we are keeping a watch on. Hey,

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<v Speaker 1>on those slap balls, I think I found the story.

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<v Speaker 4>It is devals, Yes it is, and it's called counter service.

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<v Speaker 4>I'm so sorry.

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<v Speaker 1>Coming back, Yeah, ocaly coming back. Steve Bel's has a

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<v Speaker 1>new concept, counter Service. There's a redney on sign depicting

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<v Speaker 1>a lunch ball with a slash through it. It's a

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<v Speaker 1>ball free zone reinforced by a website that proclaims we

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<v Speaker 1>love sandwiches and anything as long as it can go

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<v Speaker 1>in bread.

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<v Speaker 4>I do love bread though, that's what it was, bread

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<v Speaker 4>and butter. When was that from twenty twenty?

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<v Speaker 1>That's a red wine put me in prison. I'm happy.

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<v Speaker 3>I mean I would also love it, depending on the

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<v Speaker 3>price exactly exactly.

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<v Speaker 1>Listens Steve Al's definite disruptor when it comes to that space.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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