Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol manser Long with Tim Standards. Let's get you
Speaker 3: some stocks on the move in the house Bloomberg News process.
Speaker 3: That reporter Isabelle Lee CBS. Definitely on the move today.
Speaker 1: It's up by more than three percent. So the company
Speaker 1: raised its full year forecast and said earnings would rise
Speaker 1: in twenty twenty six. So this gives an investors hope
Speaker 1: as a company navigates two things. That's how you can
Speaker 1: think of it. Number one, a tough retail environment and
Speaker 1: number two government scrutiny across the healthcare industry. I mean,
Speaker 1: we know that a lot of really bad things happen
Speaker 1: in that industry. This year. Adjusted earnings would be as
Speaker 1: much as seven dollars and twenty cents per share in
Speaker 1: twenty twenty six. And recall that TVs also brought in
Speaker 1: a new CEO last year and has so far performed
Speaker 1: really well, which shares rising more than seventy percent through
Speaker 1: Monday's close. So this was interesting to me because you
Speaker 1: always hear are anecdotes of how when you go to
Speaker 1: not only CVS, but any drug store and it's not
Speaker 1: that pleasant of an experience. Everything was locked up, Yes,
Speaker 1: And I feel like when I call someone, I'm almost like,
Speaker 1: I'm so sorry, sir. Can I just least get vitamin
Speaker 1: C and have to read what I'm going to get
Speaker 1: so that I can just point and not waste his time?
Speaker 3: But I mean, can I just get deodorant?
Speaker 4: But I totally get why it's locked up? CBS is
Speaker 4: uh uh.
Speaker 5: One of the executives from CBS's cyber security unit. They
Speaker 5: don't remember if it was the CTO was on stage
Speaker 5: yesterday at this Bloomberg Live event and he made the
Speaker 5: point that CBS is like the last remaining publicly traded
Speaker 5: large firm, large pharmacy company.
Speaker 4: Which which got me think the other one. I believe
Speaker 4: that's the private equity one.
Speaker 1: Yes, they were recently brought they were that's right, So
Speaker 1: it's interesting, that's that's the that's the world that we
Speaker 1: live in now.
Speaker 4: And look in there he insure as well, Yes, and it's.
Speaker 1: Profit from their pharmacy segment that's projected to grow one percent.
Speaker 1: So I mean, I guess everyone needs medicine has not needed.
Speaker 3: I'm amazed that stocks up seventy six percent year today.
Speaker 4: Yeah, Sycamore Partners is the owner of Walgreens.
Speaker 3: I forgot that August, right, Yeah, wasn't it.
Speaker 4: I don't know exactly, Yeah, I think it was. All right,
Speaker 4: let's get to well, where do you want to go next?
Speaker 1: Harvana take for a. CVNA stock is higher by one
Speaker 1: and a half percent. It's really just rallied after the
Speaker 1: S and P said that they will be joining the
Speaker 1: index by the open of December twenty twenty. December twenty
Speaker 1: to twenty twenty five. So now we're seeing the company
Speaker 1: stock on track to extend gains for an eleventh consecutive session.
Speaker 1: That's matching a record rally nearly six years ago. And
Speaker 1: Back of America raised their price target after the inclusion announcement.
Speaker 1: So as we know, I mean, passive index, passive investing
Speaker 1: is just becoming bigger and bigger and bigger. I mean,
Speaker 1: if you have a four oh one K, you have
Speaker 1: no doubt and p or some variation, and this means
Speaker 1: that you will automatically have Carvana.
Speaker 3: It's like a winning ticket, right because it's just those guys,
Speaker 3: all those managers, index fund managers you track the S
Speaker 3: ANDP have to buy it up.
Speaker 1: Yes, and as the last closest stock is more than
Speaker 1: double this year, so maybe we'll see it really go
Speaker 1: even higher. I mean, Back of America increase your price
Speaker 1: target from to four hundred and fifty five dollars from
Speaker 1: three hundred and eighty five, saying that the growth trend
Speaker 1: will just likely be well above average. So good news
Speaker 1: for Kirvana. I feel like I always hear their ad, do.
Speaker 4: You have any decliners today?
Speaker 1: Sorry? Cara laughed at my joke and that made my day. No,
Speaker 1: my last stock is also in the green.
Speaker 4: That's actually what's the deal.
Speaker 5: On a day where the market's barely moving, you come
Speaker 5: up with these big stocks and the green forgetting that,
Speaker 5: it's my job also to figure out some stocks that
Speaker 5: are moving.
Speaker 1: I choose to see the BRIDESI Christmas.
Speaker 3: He was looking for a name from you when it
Speaker 3: comes down today. But Ari's also going to be included
Speaker 3: in the S and P five hundred right.
Speaker 1: Yes, And this was a sur price announcement. So the
Speaker 1: SMP they have a quarterly rebalance, but sometimes things happen,
Speaker 1: and so they announced this out of schedule and it
Speaker 1: will be included in the S and P before trading
Speaker 1: opens on December eleventh. So also it's good news. And
Speaker 1: Iris like others, have been thrust in the headlines recently,
Speaker 1: as we know, with a credit market, but they're ce
Speaker 1: always saying that the collapses we've seen with like First
Speaker 1: Trust and all that isn't really impacting the market so far.
Speaker 1: As always, private credit chiefs have been mostly positive when
Speaker 1: it comes to their asset class, but I know it
Speaker 1: still remains to be seen. It's a one point seven
Speaker 1: trillion direct lending industry, which is ginormous, so there is that.
Speaker 1: But good news for ARIS up by almost ten percent.
Speaker 3: Yeah, really some big moves there. I actually think I
Speaker 3: have that in my gainer's list.
Speaker 1: And you'll have one KOSO through December eleven.
Speaker 4: Surprise, full transparency, we'll all be owners. No, Carol's full crypto. Yeah,
Speaker 4: she's gone full.
Speaker 3: I'm that.
Speaker 4: What it is, just saying.
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