WEBVTT - CVS Rises, Carvana and Ares Management Rally Before Joining S&P

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Carol manser Long with Tim Standards. Let's get you

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<v Speaker 3>some stocks on the move in the house Bloomberg News process.

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<v Speaker 3>That reporter Isabelle Lee CBS. Definitely on the move today.

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<v Speaker 1>It's up by more than three percent. So the company

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<v Speaker 1>raised its full year forecast and said earnings would rise

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<v Speaker 1>in twenty twenty six. So this gives an investors hope

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<v Speaker 1>as a company navigates two things. That's how you can

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<v Speaker 1>think of it. Number one, a tough retail environment and

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<v Speaker 1>number two government scrutiny across the healthcare industry. I mean,

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<v Speaker 1>we know that a lot of really bad things happen

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<v Speaker 1>in that industry. This year. Adjusted earnings would be as

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<v Speaker 1>much as seven dollars and twenty cents per share in

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<v Speaker 1>twenty twenty six. And recall that TVs also brought in

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<v Speaker 1>a new CEO last year and has so far performed

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<v Speaker 1>really well, which shares rising more than seventy percent through

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<v Speaker 1>Monday's close. So this was interesting to me because you

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<v Speaker 1>always hear are anecdotes of how when you go to

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<v Speaker 1>not only CVS, but any drug store and it's not

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<v Speaker 1>that pleasant of an experience. Everything was locked up, Yes,

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<v Speaker 1>And I feel like when I call someone, I'm almost like,

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<v Speaker 1>I'm so sorry, sir. Can I just least get vitamin

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<v Speaker 1>C and have to read what I'm going to get

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<v Speaker 1>so that I can just point and not waste his time?

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<v Speaker 3>But I mean, can I just get deodorant?

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<v Speaker 4>But I totally get why it's locked up? CBS is

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<v Speaker 4>uh uh.

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<v Speaker 5>One of the executives from CBS's cyber security unit. They

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<v Speaker 5>don't remember if it was the CTO was on stage

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<v Speaker 5>yesterday at this Bloomberg Live event and he made the

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<v Speaker 5>point that CBS is like the last remaining publicly traded

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<v Speaker 5>large firm, large pharmacy company.

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<v Speaker 4>Which which got me think the other one. I believe

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<v Speaker 4>that's the private equity one.

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<v Speaker 1>Yes, they were recently brought they were that's right, So

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<v Speaker 1>it's interesting, that's that's the that's the world that we

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<v Speaker 1>live in now.

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<v Speaker 4>And look in there he insure as well, Yes, and it's.

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<v Speaker 1>Profit from their pharmacy segment that's projected to grow one percent.

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<v Speaker 1>So I mean, I guess everyone needs medicine has not needed.

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<v Speaker 3>I'm amazed that stocks up seventy six percent year today.

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<v Speaker 4>Yeah, Sycamore Partners is the owner of Walgreens.

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<v Speaker 3>I forgot that August, right, Yeah, wasn't it.

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<v Speaker 4>I don't know exactly, Yeah, I think it was. All right,

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<v Speaker 4>let's get to well, where do you want to go next?

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<v Speaker 1>Harvana take for a. CVNA stock is higher by one

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<v Speaker 1>and a half percent. It's really just rallied after the

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<v Speaker 1>S and P said that they will be joining the

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<v Speaker 1>index by the open of December twenty twenty. December twenty

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<v Speaker 1>to twenty twenty five. So now we're seeing the company

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<v Speaker 1>stock on track to extend gains for an eleventh consecutive session.

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<v Speaker 1>That's matching a record rally nearly six years ago. And

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<v Speaker 1>Back of America raised their price target after the inclusion announcement.

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<v Speaker 1>So as we know, I mean, passive index, passive investing

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<v Speaker 1>is just becoming bigger and bigger and bigger. I mean,

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<v Speaker 1>if you have a four oh one K, you have

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<v Speaker 1>no doubt and p or some variation, and this means

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<v Speaker 1>that you will automatically have Carvana.

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<v Speaker 3>It's like a winning ticket, right because it's just those guys,

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<v Speaker 3>all those managers, index fund managers you track the S

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<v Speaker 3>ANDP have to buy it up.

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<v Speaker 1>Yes, and as the last closest stock is more than

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<v Speaker 1>double this year, so maybe we'll see it really go

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<v Speaker 1>even higher. I mean, Back of America increase your price

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<v Speaker 1>target from to four hundred and fifty five dollars from

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<v Speaker 1>three hundred and eighty five, saying that the growth trend

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<v Speaker 1>will just likely be well above average. So good news

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<v Speaker 1>for Kirvana. I feel like I always hear their ad, do.

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<v Speaker 4>You have any decliners today?

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<v Speaker 1>Sorry? Cara laughed at my joke and that made my day. No,

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<v Speaker 1>my last stock is also in the green.

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<v Speaker 4>That's actually what's the deal.

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<v Speaker 5>On a day where the market's barely moving, you come

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<v Speaker 5>up with these big stocks and the green forgetting that,

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<v Speaker 5>it's my job also to figure out some stocks that

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<v Speaker 5>are moving.

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<v Speaker 1>I choose to see the BRIDESI Christmas.

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<v Speaker 3>He was looking for a name from you when it

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<v Speaker 3>comes down today. But Ari's also going to be included

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<v Speaker 3>in the S and P five hundred right.

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<v Speaker 1>Yes, And this was a sur price announcement. So the

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<v Speaker 1>SMP they have a quarterly rebalance, but sometimes things happen,

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<v Speaker 1>and so they announced this out of schedule and it

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<v Speaker 1>will be included in the S and P before trading

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<v Speaker 1>opens on December eleventh. So also it's good news. And

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<v Speaker 1>Iris like others, have been thrust in the headlines recently,

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<v Speaker 1>as we know, with a credit market, but they're ce

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<v Speaker 1>always saying that the collapses we've seen with like First

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<v Speaker 1>Trust and all that isn't really impacting the market so far.

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<v Speaker 1>As always, private credit chiefs have been mostly positive when

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<v Speaker 1>it comes to their asset class, but I know it

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<v Speaker 1>still remains to be seen. It's a one point seven

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<v Speaker 1>trillion direct lending industry, which is ginormous, so there is that.

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<v Speaker 1>But good news for ARIS up by almost ten percent.

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<v Speaker 3>Yeah, really some big moves there. I actually think I

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<v Speaker 3>have that in my gainer's list.

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<v Speaker 1>And you'll have one KOSO through December eleven.

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<v Speaker 4>Surprise, full transparency, we'll all be owners. No, Carol's full crypto. Yeah,

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<v Speaker 4>she's gone full.

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<v Speaker 3>I'm that.

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<v Speaker 4>What it is, just saying.

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