1 00:00:00,280 --> 00:00:03,159 Speaker 1: Hi, I'm Alex Steele introducing you to the new Stock 2 00:00:03,160 --> 00:00:06,040 Speaker 1: Movers podcast from Bloomberg, the show that brings you short 3 00:00:06,080 --> 00:00:09,000 Speaker 1: episodes five minutes or less, covering the stocks making gains 4 00:00:09,000 --> 00:00:12,920 Speaker 1: and losses in today's trading. Subscribe to Stock Movers on Apple, Spotify, 5 00:00:13,039 --> 00:00:14,640 Speaker 1: or wherever you get your podcasts. 6 00:00:14,760 --> 00:00:14,960 Speaker 2: Now. 7 00:00:14,960 --> 00:00:17,360 Speaker 1: Here's a sample of the latest episode from our team at. 8 00:00:17,320 --> 00:00:25,040 Speaker 3: Bloomberg Bloomberg Audio Studios, Podcasts, radio News. 9 00:00:26,680 --> 00:00:31,080 Speaker 4: The Stock Movers podcast your roundup of companies making moves 10 00:00:31,080 --> 00:00:34,520 Speaker 4: in the stock market, harnessing the power of Bloomberg data. 11 00:00:35,880 --> 00:00:37,839 Speaker 2: Let's look at some stocks on the move today. We 12 00:00:37,880 --> 00:00:41,720 Speaker 2: are joined by Bloomberg's Critty Gupta on a choppy pre 13 00:00:41,840 --> 00:00:44,800 Speaker 2: market session for stocks as a whole creaty. That is 14 00:00:44,840 --> 00:00:48,199 Speaker 2: certainly what we are seeing at the micro level. For Delta, 15 00:00:48,560 --> 00:00:50,880 Speaker 2: they just reported earnings. What's the stock doing? 16 00:00:50,880 --> 00:00:53,920 Speaker 3: Good morning, Good morning, Nathan. We are getting the very 17 00:00:53,960 --> 00:00:58,200 Speaker 3: first inclination of companies starting to suspend their guidance. This 18 00:00:58,240 --> 00:00:59,880 Speaker 3: is a really big deal. I'm having a little bit 19 00:00:59,880 --> 00:01:02,200 Speaker 3: of COVID deja vus here because when you look at 20 00:01:02,200 --> 00:01:05,200 Speaker 3: some of these numbers, the earnings revisions are key to 21 00:01:05,360 --> 00:01:07,720 Speaker 3: that chart you've seen massive numbers, massive hits to the 22 00:01:07,720 --> 00:01:11,039 Speaker 3: tech valuations. A lot of that is only if you 23 00:01:11,120 --> 00:01:14,240 Speaker 3: do indeed get those earnings revisions from these companies, or 24 00:01:14,720 --> 00:01:17,680 Speaker 3: like in COVID, you do get a suspension of the 25 00:01:18,000 --> 00:01:20,720 Speaker 3: guide of guidance there as well. So Delta d AL 26 00:01:20,959 --> 00:01:22,920 Speaker 3: is your ticker this morning, actually coming out of the 27 00:01:22,959 --> 00:01:26,480 Speaker 3: gates hire by about three percent. The market is buying this, 28 00:01:26,560 --> 00:01:29,920 Speaker 3: which is non traditional, giving that they're withdrawing. They're full 29 00:01:29,920 --> 00:01:33,360 Speaker 3: of your guidance, calling it given current uncertainty. They're saying 30 00:01:33,400 --> 00:01:35,720 Speaker 3: that growth has largely stalled. But when you look at 31 00:01:35,720 --> 00:01:38,800 Speaker 3: their first quarter numbers, they are actually coming in line 32 00:01:38,840 --> 00:01:43,120 Speaker 3: with expectation. So the markets buying even just that is 33 00:01:43,840 --> 00:01:46,640 Speaker 3: quite something to witness because again a very non traditional 34 00:01:46,640 --> 00:01:50,480 Speaker 3: reaction for really any company that would be suspending it's guidance. 35 00:01:50,520 --> 00:01:52,920 Speaker 3: Let's talk about some of the other weights in this market. 36 00:01:52,960 --> 00:01:55,400 Speaker 3: I think the story of the morning, your pharma stocks 37 00:01:55,400 --> 00:01:57,240 Speaker 3: are taking the biggest beating this morning. I'm just going 38 00:01:57,320 --> 00:01:59,440 Speaker 3: to run through the laundry list of names this morning. Nathan, 39 00:01:59,480 --> 00:02:03,000 Speaker 3: if I can, Aby is top of that list. ABBV 40 00:02:03,280 --> 00:02:06,280 Speaker 3: is your ticker, down just shy of four percent this morning, 41 00:02:06,280 --> 00:02:09,200 Speaker 3: one hundred and sixty nine dollars to share, Abbot right 42 00:02:09,240 --> 00:02:12,480 Speaker 3: on its heels, ABT down about the same margin, trading 43 00:02:12,480 --> 00:02:14,360 Speaker 3: at one hundred and nineteen dollars a share. 44 00:02:14,400 --> 00:02:14,640 Speaker 4: There. 45 00:02:14,840 --> 00:02:18,640 Speaker 3: Then you've got Gilliad Sciences as well, Gild down about 46 00:02:18,639 --> 00:02:20,800 Speaker 3: three percent. I'm seeing if their bonds are selling off 47 00:02:20,840 --> 00:02:23,080 Speaker 3: in a very big way this morning. Really keep an 48 00:02:23,080 --> 00:02:26,680 Speaker 3: eye on a on a stock simply because or some 49 00:02:26,720 --> 00:02:28,440 Speaker 3: of the kind of bonds that are trading. Credit seems 50 00:02:28,440 --> 00:02:30,840 Speaker 3: to be leading this equity market. So anything that has 51 00:02:30,919 --> 00:02:33,919 Speaker 3: a massive corporate bond hit is going to be magnified 52 00:02:33,960 --> 00:02:35,959 Speaker 3: in the equity market. You're seeing that with Gilliad Sciences, 53 00:02:35,960 --> 00:02:39,880 Speaker 3: like I said, Gild down about three percent, Bristol Meyers 54 00:02:39,880 --> 00:02:42,720 Speaker 3: squib as well, Bmy down about three percent, trading at 55 00:02:42,720 --> 00:02:45,200 Speaker 3: fifty one dollars a share, and some of our favorites 56 00:02:45,200 --> 00:02:48,280 Speaker 3: there Pfizer PFE down a whopping three percent, trading at 57 00:02:48,320 --> 00:02:50,760 Speaker 3: twenty one dollars share. Nathan, I could go on and on. 58 00:02:51,120 --> 00:02:53,560 Speaker 3: The message this morning is if you are a pharmaceutical hit, 59 00:02:53,600 --> 00:02:57,200 Speaker 3: you are taking a massive hit when it comes to 60 00:02:57,320 --> 00:02:59,080 Speaker 3: your stock. And a lot of this is lead actually 61 00:02:59,200 --> 00:03:01,200 Speaker 3: by some of the pain you've seen right here in 62 00:03:01,200 --> 00:03:03,440 Speaker 3: Europe as well. The likes of Nova Nordisk, for example, 63 00:03:03,840 --> 00:03:06,320 Speaker 3: have really been selling off this morning in Europe, alongside 64 00:03:06,400 --> 00:03:08,840 Speaker 3: Roche and Santa Fe as well. Nova Nordisk, I should 65 00:03:08,840 --> 00:03:12,200 Speaker 3: mention the ADRs also are available in the United States 66 00:03:12,280 --> 00:03:15,680 Speaker 3: ENVO for that ticker trading out about sixty dollars and 67 00:03:15,800 --> 00:03:18,120 Speaker 3: change down about one point two percent. I'll just mention 68 00:03:18,440 --> 00:03:21,959 Speaker 3: that about sixty percent of Nova Nordisk's revenue comes from 69 00:03:22,040 --> 00:03:24,680 Speaker 3: the United States, so this is a really great spot 70 00:03:24,960 --> 00:03:26,679 Speaker 3: to look at when you're talking about some of the 71 00:03:27,440 --> 00:03:29,840 Speaker 3: movement there in the pharmaceutical space. We're also getting some 72 00:03:29,919 --> 00:03:32,720 Speaker 3: numbers coming out of Walmart, several comments coming from the 73 00:03:32,720 --> 00:03:35,000 Speaker 3: CEO in the last twenty four hours thing that they're 74 00:03:35,040 --> 00:03:37,640 Speaker 3: being focused on keeping price as low, prices as low 75 00:03:37,680 --> 00:03:41,160 Speaker 3: as they possibly can, and really looking at some cost 76 00:03:41,160 --> 00:03:44,800 Speaker 3: cutting measures. They're reaffirming their first quarter sales guidance. In 77 00:03:44,840 --> 00:03:48,920 Speaker 3: their full year twenty twenty six guidance remains unchanged, so 78 00:03:48,960 --> 00:03:51,520 Speaker 3: that's going to be again another major one to watch, Nathan. 79 00:03:51,560 --> 00:03:55,240 Speaker 3: For me, Walmart's WMT is the tell those shares hire 80 00:03:55,360 --> 00:03:56,520 Speaker 3: by two percent this morning. 81 00:03:57,920 --> 00:04:02,240 Speaker 4: The Stock Movers podcast Bloomberg Radio check Back with us 82 00:04:02,320 --> 00:04:05,240 Speaker 4: throughout the day. For the latest roundup of companies making 83 00:04:05,320 --> 00:04:08,880 Speaker 4: news on Wall Street, and for the latest market moving headlines. 84 00:04:09,040 --> 00:04:12,960 Speaker 4: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 85 00:04:13,040 --> 00:04:15,840 Speaker 4: dot com, and on Applecarplay and Android Auto with the 86 00:04:15,840 --> 00:04:17,200 Speaker 4: Bloomberg Business app.