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 1: I'm Carol mass along a Tim Stent OFIC. Let's get
Speaker 1: to some stocks on the move with us as Bloomberg
Speaker 1: News Equities reporter Avalon Purnell. Here with stock Movers. We
Speaker 1: got some earnings after the closing bell, We sure did.
Speaker 3: We can start off with Kappa Group. That's ticker CAVA.
Speaker 3: That stock is jumping nearly seven percent postmarket after the
Speaker 3: Mediterranean Chain forecast bettered and expected comparative sales for the
Speaker 3: year and also reported revenue for the fourth quarter do
Speaker 3: beat expectations, which is great. It's kind of interesting as
Speaker 3: well since Coppa's bucking the trend. I'm all like fast
Speaker 3: casual Chipotle hasn't really been doing well. Sweet Green is
Speaker 3: known as not being the best in this current situation
Speaker 3: amongst like younger diners who have been looking elsewhere amid
Speaker 3: price increases, So definitely good news from that area, and
Speaker 3: also worth noting that Sweet Green will be reporting later
Speaker 3: this week, so it'll be kind of curious to see
Speaker 3: if peers are going to be doing as well as.
Speaker 1: Commas, up like almost sixteen percent year to date, So
Speaker 1: it really has been uplorming.
Speaker 4: See what what it has been doing since those all
Speaker 4: time highs a year ago.
Speaker 1: Yeah, it was wheny dgs to the data sets in.
Speaker 4: December twenty twenty four. Is out one hundred and fifty
Speaker 4: dollars a share, sixty seven dollars a share right now.
Speaker 1: Yeah, so that's a big haircut, all right, but at
Speaker 1: least in the aftermarket investors are pretty happy.
Speaker 4: So more than fifty percent since then.
Speaker 1: Yeah, yeah, that's a big move to the downside.
Speaker 4: Sweet Green's getting wraps apparently.
Speaker 3: Yes, I'm excited. My sister texts me about that earlier today, so.
Speaker 4: So I like this that you're excited about this, And
Speaker 4: meanwhile Carol's just shaking her head.
Speaker 1: First of all, I don't know why anybody would do
Speaker 1: a rap, because it's like extra calories you don't need,
Speaker 1: just do a salad, keep it healthy. I don't anytime
Speaker 1: somebody's giving me a rap, I'm like, I unfolded, I
Speaker 1: bill out the pieces. Interesting, you don't need a wrap. Sorry,
Speaker 1: Sweet Green. I liked it. I've always liked.
Speaker 4: Their stud I think one of the Chipotle founders. We
Speaker 4: talked about this like over the summer. I think one
Speaker 4: of the Chipotle founders, Steve El's I don't remember who
Speaker 4: is Okay, he's starting a new anti slop bowl. H
Speaker 4: really yeah, restaurant concept and it's about sandwiches.
Speaker 1: Oh, sandwich is also messy. Give me a salad with
Speaker 1: a fork. I'm sure you happy.
Speaker 4: She wants a slop bowl a slop bull.
Speaker 1: That's all right. No segue from slap bowl to PayPal.
Speaker 1: But we did have some news late today that had
Speaker 1: this stock movie.
Speaker 3: Yes, PayPal ticker p YPL jumped about six point seven
Speaker 3: percent into the close, that's the most since April, after
Speaker 3: a report from Bloomberg saying that Stripe, which for those
Speaker 3: who are unfamiliar, is a payment processing firm, is considering
Speaker 3: acquiring all or part of PayPal, according to people familiar.
Speaker 3: So the deliberations are definitely still early, so there's no
Speaker 3: certainty of a deal. But I found this development to
Speaker 3: be really interesting because PayPal has suffered a bit in
Speaker 3: recent years amongst increasing competition in the digital payment space,
Speaker 3: so really interesting.
Speaker 1: There are a lot of choices when you need to
Speaker 1: like make a payment, it's like kind of all over
Speaker 1: the place. PayPal down twenty percent this year, but obviously
Speaker 1: some momentum in terms of maybe some interest in buying
Speaker 1: interest what we lost you to slop bowls.
Speaker 4: Yeah, I'm trying to do it. I'm trying to.
Speaker 1: Whenever it gets quiet, it's like we're talking about something
Speaker 1: that I want to make sure I.
Speaker 4: Know who did this, but I will go find it. Sorry,
Speaker 4: I'm listening avalon.
Speaker 1: I know.
Speaker 4: I was thinking that there's we don't know if this
Speaker 4: deal is going to happen, but there's no sort of
Speaker 4: like more representation of something that's in like.
Speaker 1: Really slop bowl Hell so I blamed Tim, but go ahead.
Speaker 4: A new fintech company buying like og.
Speaker 1: When it comes to fintech, it's kind of wild, right,
Speaker 1: It's extremely wild. Yeah, but this is disruption of you know,
Speaker 1: of the disruptors. If you will listen, let's go to
Speaker 1: the JLP ONEPA because it's something we talked about a
Speaker 1: lot on Monday. We continue the conversations today. I do
Speaker 1: feel like there's a little bit of a battle between
Speaker 1: all these companies going on.
Speaker 3: Yes, it's definitely been another rough day for Novo Nordists.
Speaker 3: Scott ticker is Envo. It closed down about two point
Speaker 3: six percent and is back down to its lowest level
Speaker 3: since twenty twenty one. That's after announcing that it plans
Speaker 3: to slash US prices for its weight loss drugs we
Speaker 3: go V and ozempic by as much as fifty percent
Speaker 3: starting next year. And what I think was really interesting
Speaker 3: about this is that the investors that I spoke with
Speaker 3: towards the start of the year mentioned that there major
Speaker 3: concerns with the obesity space was this potential race to
Speaker 3: the bottom with pricing, and it seems as though those
Speaker 3: concerns could be correct. That's at least been reignited on
Speaker 3: this plan, and that's partially why Eli Lilly, It's peer
Speaker 3: also ticker llly, also went down on those headlines, closing
Speaker 3: down about one point six percent.
Speaker 1: It's definitely an area that we are keeping a watch on. Hey,
Speaker 1: on those slap balls, I think I found the story.
Speaker 4: It is devals, Yes it is, and it's called counter service.
Speaker 4: I'm so sorry.
Speaker 1: Coming back, Yeah, ocaly coming back. Steve Bel's has a
Speaker 1: new concept, counter Service. There's a redney on sign depicting
Speaker 1: a lunch ball with a slash through it. It's a
Speaker 1: ball free zone reinforced by a website that proclaims we
Speaker 1: love sandwiches and anything as long as it can go
Speaker 1: in bread.
Speaker 4: I do love bread though, that's what it was, bread
Speaker 4: and butter. When was that from twenty twenty?
Speaker 1: That's a red wine put me in prison. I'm happy.
Speaker 3: I mean I would also love it, depending on the
Speaker 3: price exactly exactly.
Speaker 1: Listens Steve Al's definite disruptor when it comes to that space.
Speaker 2: This stock mover's 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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