1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,280 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,599 Speaker 3: I'm Carol manser Long with Tim Standards. Let's get you 5 00:00:18,640 --> 00:00:20,919 Speaker 3: some stocks on the move in the house Bloomberg News process. 6 00:00:20,920 --> 00:00:24,400 Speaker 3: That reporter Isabelle Lee CBS. Definitely on the move today. 7 00:00:24,800 --> 00:00:27,320 Speaker 1: It's up by more than three percent. So the company 8 00:00:27,360 --> 00:00:30,200 Speaker 1: raised its full year forecast and said earnings would rise 9 00:00:30,240 --> 00:00:32,400 Speaker 1: in twenty twenty six. So this gives an investors hope 10 00:00:32,440 --> 00:00:34,879 Speaker 1: as a company navigates two things. That's how you can 11 00:00:34,920 --> 00:00:37,400 Speaker 1: think of it. Number one, a tough retail environment and 12 00:00:37,479 --> 00:00:40,599 Speaker 1: number two government scrutiny across the healthcare industry. I mean, 13 00:00:40,880 --> 00:00:44,240 Speaker 1: we know that a lot of really bad things happen 14 00:00:44,320 --> 00:00:46,839 Speaker 1: in that industry. This year. Adjusted earnings would be as 15 00:00:46,920 --> 00:00:48,680 Speaker 1: much as seven dollars and twenty cents per share in 16 00:00:48,680 --> 00:00:51,239 Speaker 1: twenty twenty six. And recall that TVs also brought in 17 00:00:51,240 --> 00:00:53,720 Speaker 1: a new CEO last year and has so far performed 18 00:00:54,000 --> 00:00:56,680 Speaker 1: really well, which shares rising more than seventy percent through 19 00:00:56,720 --> 00:00:59,360 Speaker 1: Monday's close. So this was interesting to me because you 20 00:00:59,440 --> 00:01:02,360 Speaker 1: always hear are anecdotes of how when you go to 21 00:01:02,800 --> 00:01:05,520 Speaker 1: not only CVS, but any drug store and it's not 22 00:01:05,600 --> 00:01:08,600 Speaker 1: that pleasant of an experience. Everything was locked up, Yes, 23 00:01:08,800 --> 00:01:11,600 Speaker 1: And I feel like when I call someone, I'm almost like, 24 00:01:11,640 --> 00:01:13,679 Speaker 1: I'm so sorry, sir. Can I just least get vitamin 25 00:01:13,760 --> 00:01:15,800 Speaker 1: C and have to read what I'm going to get 26 00:01:15,840 --> 00:01:18,160 Speaker 1: so that I can just point and not waste his time? 27 00:01:18,319 --> 00:01:21,880 Speaker 3: But I mean, can I just get deodorant? 28 00:01:21,720 --> 00:01:25,600 Speaker 4: But I totally get why it's locked up? CBS is 29 00:01:25,760 --> 00:01:26,640 Speaker 4: uh uh. 30 00:01:27,560 --> 00:01:31,640 Speaker 5: One of the executives from CBS's cyber security unit. They 31 00:01:31,640 --> 00:01:34,400 Speaker 5: don't remember if it was the CTO was on stage 32 00:01:34,480 --> 00:01:37,280 Speaker 5: yesterday at this Bloomberg Live event and he made the 33 00:01:37,280 --> 00:01:40,760 Speaker 5: point that CBS is like the last remaining publicly traded 34 00:01:41,200 --> 00:01:43,920 Speaker 5: large firm, large pharmacy company. 35 00:01:44,560 --> 00:01:50,360 Speaker 4: Which which got me think the other one. I believe 36 00:01:50,440 --> 00:01:52,000 Speaker 4: that's the private equity one. 37 00:01:52,320 --> 00:01:56,240 Speaker 1: Yes, they were recently brought they were that's right, So 38 00:01:56,280 --> 00:01:58,880 Speaker 1: it's interesting, that's that's the that's the world that we 39 00:01:58,920 --> 00:01:59,320 Speaker 1: live in now. 40 00:01:59,320 --> 00:02:02,000 Speaker 4: And look in there he insure as well, Yes, and it's. 41 00:02:01,880 --> 00:02:05,440 Speaker 1: Profit from their pharmacy segment that's projected to grow one percent. 42 00:02:05,560 --> 00:02:10,000 Speaker 1: So I mean, I guess everyone needs medicine has not needed. 43 00:02:10,120 --> 00:02:12,680 Speaker 3: I'm amazed that stocks up seventy six percent year today. 44 00:02:12,960 --> 00:02:14,919 Speaker 4: Yeah, Sycamore Partners is the owner of Walgreens. 45 00:02:15,000 --> 00:02:18,160 Speaker 3: I forgot that August, right, Yeah, wasn't it. 46 00:02:18,200 --> 00:02:20,640 Speaker 4: I don't know exactly, Yeah, I think it was. All right, 47 00:02:20,720 --> 00:02:23,120 Speaker 4: let's get to well, where do you want to go next? 48 00:02:23,280 --> 00:02:27,600 Speaker 1: Harvana take for a. CVNA stock is higher by one 49 00:02:27,600 --> 00:02:30,080 Speaker 1: and a half percent. It's really just rallied after the 50 00:02:30,200 --> 00:02:32,400 Speaker 1: S and P said that they will be joining the 51 00:02:32,400 --> 00:02:37,000 Speaker 1: index by the open of December twenty twenty. December twenty 52 00:02:37,000 --> 00:02:39,960 Speaker 1: to twenty twenty five. So now we're seeing the company 53 00:02:40,480 --> 00:02:43,919 Speaker 1: stock on track to extend gains for an eleventh consecutive session. 54 00:02:43,919 --> 00:02:47,160 Speaker 1: That's matching a record rally nearly six years ago. And 55 00:02:47,240 --> 00:02:50,760 Speaker 1: Back of America raised their price target after the inclusion announcement. 56 00:02:50,880 --> 00:02:54,400 Speaker 1: So as we know, I mean, passive index, passive investing 57 00:02:54,480 --> 00:02:56,120 Speaker 1: is just becoming bigger and bigger and bigger. I mean, 58 00:02:56,440 --> 00:02:58,360 Speaker 1: if you have a four oh one K, you have 59 00:02:58,440 --> 00:03:02,320 Speaker 1: no doubt and p or some variation, and this means 60 00:03:02,320 --> 00:03:04,040 Speaker 1: that you will automatically have Carvana. 61 00:03:04,200 --> 00:03:06,519 Speaker 3: It's like a winning ticket, right because it's just those guys, 62 00:03:06,520 --> 00:03:09,320 Speaker 3: all those managers, index fund managers you track the S 63 00:03:09,320 --> 00:03:10,240 Speaker 3: ANDP have to buy it up. 64 00:03:10,520 --> 00:03:12,360 Speaker 1: Yes, and as the last closest stock is more than 65 00:03:12,400 --> 00:03:14,679 Speaker 1: double this year, so maybe we'll see it really go 66 00:03:14,800 --> 00:03:17,359 Speaker 1: even higher. I mean, Back of America increase your price 67 00:03:17,400 --> 00:03:19,839 Speaker 1: target from to four hundred and fifty five dollars from 68 00:03:19,840 --> 00:03:22,320 Speaker 1: three hundred and eighty five, saying that the growth trend 69 00:03:22,320 --> 00:03:25,720 Speaker 1: will just likely be well above average. So good news 70 00:03:25,720 --> 00:03:28,079 Speaker 1: for Kirvana. I feel like I always hear their ad, do. 71 00:03:28,000 --> 00:03:30,359 Speaker 4: You have any decliners today? 72 00:03:31,440 --> 00:03:33,840 Speaker 1: Sorry? Cara laughed at my joke and that made my day. No, 73 00:03:34,520 --> 00:03:35,920 Speaker 1: my last stock is also in the green. 74 00:03:36,000 --> 00:03:38,040 Speaker 4: That's actually what's the deal. 75 00:03:38,080 --> 00:03:39,640 Speaker 5: On a day where the market's barely moving, you come 76 00:03:39,720 --> 00:03:42,080 Speaker 5: up with these big stocks and the green forgetting that, 77 00:03:42,400 --> 00:03:44,560 Speaker 5: it's my job also to figure out some stocks that 78 00:03:44,560 --> 00:03:44,960 Speaker 5: are moving. 79 00:03:45,120 --> 00:03:47,720 Speaker 1: I choose to see the BRIDESI Christmas. 80 00:03:47,720 --> 00:03:49,800 Speaker 3: He was looking for a name from you when it 81 00:03:49,800 --> 00:03:53,120 Speaker 3: comes down today. But Ari's also going to be included 82 00:03:53,120 --> 00:03:54,520 Speaker 3: in the S and P five hundred right. 83 00:03:54,640 --> 00:03:56,560 Speaker 1: Yes, And this was a sur price announcement. So the 84 00:03:56,600 --> 00:03:59,840 Speaker 1: SMP they have a quarterly rebalance, but sometimes things happen, 85 00:04:00,080 --> 00:04:03,680 Speaker 1: and so they announced this out of schedule and it 86 00:04:03,720 --> 00:04:06,120 Speaker 1: will be included in the S and P before trading 87 00:04:06,120 --> 00:04:08,720 Speaker 1: opens on December eleventh. So also it's good news. And 88 00:04:08,800 --> 00:04:11,280 Speaker 1: Iris like others, have been thrust in the headlines recently, 89 00:04:11,360 --> 00:04:14,000 Speaker 1: as we know, with a credit market, but they're ce 90 00:04:14,160 --> 00:04:17,080 Speaker 1: always saying that the collapses we've seen with like First 91 00:04:17,080 --> 00:04:20,480 Speaker 1: Trust and all that isn't really impacting the market so far. 92 00:04:20,560 --> 00:04:25,240 Speaker 1: As always, private credit chiefs have been mostly positive when 93 00:04:25,279 --> 00:04:27,279 Speaker 1: it comes to their asset class, but I know it 94 00:04:27,320 --> 00:04:29,320 Speaker 1: still remains to be seen. It's a one point seven 95 00:04:29,360 --> 00:04:33,720 Speaker 1: trillion direct lending industry, which is ginormous, so there is that. 96 00:04:33,760 --> 00:04:36,080 Speaker 1: But good news for ARIS up by almost ten percent. 97 00:04:36,320 --> 00:04:38,520 Speaker 3: Yeah, really some big moves there. I actually think I 98 00:04:38,560 --> 00:04:41,599 Speaker 3: have that in my gainer's list. 99 00:04:41,800 --> 00:04:46,640 Speaker 1: And you'll have one KOSO through December eleven. 100 00:04:47,000 --> 00:04:55,040 Speaker 4: Surprise, full transparency, we'll all be owners. No, Carol's full crypto. Yeah, 101 00:04:55,080 --> 00:04:55,840 Speaker 4: she's gone full. 102 00:04:56,160 --> 00:04:57,240 Speaker 3: I'm that. 103 00:04:59,040 --> 00:05:02,040 Speaker 4: What it is, just saying. 104 00:05:03,600 --> 00:05:07,800 Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us 105 00:05:07,880 --> 00:05:10,640 Speaker 2: throughout the day for the latest roundup of companies making 106 00:05:10,760 --> 00:05:14,320 Speaker 2: news on Wall Street and for the latest market moving headlines. 107 00:05:14,560 --> 00:05:18,560 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube. 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