WEBVTT - Introducing: Stock Movers Podcast

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<v Speaker 1>Hi, I'm Alex Steele introducing you to the new Stock

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<v Speaker 1>Movers podcast from Bloomberg, the show that brings you short

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<v Speaker 1>episodes five minutes or less, covering the stocks making gains

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<v Speaker 1>and losses in today's trading. Subscribe to Stock Movers on Apple, Spotify,

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<v Speaker 1>or wherever you get your podcasts.

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<v Speaker 2>Now.

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<v Speaker 1>Here's a sample of the latest episode from our team at.

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<v Speaker 3>Bloomberg Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 4>The Stock Movers podcast your roundup of companies making moves

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<v Speaker 4>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 2>Let's look at some stocks on the move today. We

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<v Speaker 2>are joined by Bloomberg's Critty Gupta on a choppy pre

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<v Speaker 2>market session for stocks as a whole creaty. That is

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<v Speaker 2>certainly what we are seeing at the micro level. For Delta,

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<v Speaker 2>they just reported earnings. What's the stock doing?

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<v Speaker 3>Good morning, Good morning, Nathan. We are getting the very

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<v Speaker 3>first inclination of companies starting to suspend their guidance. This

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<v Speaker 3>is a really big deal. I'm having a little bit

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<v Speaker 3>of COVID deja vus here because when you look at

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<v Speaker 3>some of these numbers, the earnings revisions are key to

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<v Speaker 3>that chart you've seen massive numbers, massive hits to the

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<v Speaker 3>tech valuations. A lot of that is only if you

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<v Speaker 3>do indeed get those earnings revisions from these companies, or

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<v Speaker 3>like in COVID, you do get a suspension of the

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<v Speaker 3>guide of guidance there as well. So Delta d AL

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<v Speaker 3>is your ticker this morning, actually coming out of the

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<v Speaker 3>gates hire by about three percent. The market is buying this,

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<v Speaker 3>which is non traditional, giving that they're withdrawing. They're full

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<v Speaker 3>of your guidance, calling it given current uncertainty. They're saying

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<v Speaker 3>that growth has largely stalled. But when you look at

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<v Speaker 3>their first quarter numbers, they are actually coming in line

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<v Speaker 3>with expectation. So the markets buying even just that is

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<v Speaker 3>quite something to witness because again a very non traditional

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<v Speaker 3>reaction for really any company that would be suspending it's guidance.

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<v Speaker 3>Let's talk about some of the other weights in this market.

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<v Speaker 3>I think the story of the morning, your pharma stocks

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<v Speaker 3>are taking the biggest beating this morning. I'm just going

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<v Speaker 3>to run through the laundry list of names this morning. Nathan,

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<v Speaker 3>if I can, Aby is top of that list. ABBV

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<v Speaker 3>is your ticker, down just shy of four percent this morning,

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<v Speaker 3>one hundred and sixty nine dollars to share, Abbot right

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<v Speaker 3>on its heels, ABT down about the same margin, trading

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<v Speaker 3>at one hundred and nineteen dollars a share.

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<v Speaker 4>There.

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<v Speaker 3>Then you've got Gilliad Sciences as well, Gild down about

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<v Speaker 3>three percent. I'm seeing if their bonds are selling off

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<v Speaker 3>in a very big way this morning. Really keep an

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<v Speaker 3>eye on a on a stock simply because or some

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<v Speaker 3>of the kind of bonds that are trading. Credit seems

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<v Speaker 3>to be leading this equity market. So anything that has

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<v Speaker 3>a massive corporate bond hit is going to be magnified

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<v Speaker 3>in the equity market. You're seeing that with Gilliad Sciences,

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<v Speaker 3>like I said, Gild down about three percent, Bristol Meyers

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<v Speaker 3>squib as well, Bmy down about three percent, trading at

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<v Speaker 3>fifty one dollars a share, and some of our favorites

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<v Speaker 3>there Pfizer PFE down a whopping three percent, trading at

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<v Speaker 3>twenty one dollars share. Nathan, I could go on and on.

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<v Speaker 3>The message this morning is if you are a pharmaceutical hit,

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<v Speaker 3>you are taking a massive hit when it comes to

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<v Speaker 3>your stock. And a lot of this is lead actually

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<v Speaker 3>by some of the pain you've seen right here in

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<v Speaker 3>Europe as well. The likes of Nova Nordisk, for example,

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<v Speaker 3>have really been selling off this morning in Europe, alongside

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<v Speaker 3>Roche and Santa Fe as well. Nova Nordisk, I should

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<v Speaker 3>mention the ADRs also are available in the United States

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<v Speaker 3>ENVO for that ticker trading out about sixty dollars and

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<v Speaker 3>change down about one point two percent. I'll just mention

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<v Speaker 3>that about sixty percent of Nova Nordisk's revenue comes from

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<v Speaker 3>the United States, so this is a really great spot

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<v Speaker 3>to look at when you're talking about some of the

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<v Speaker 3>movement there in the pharmaceutical space. We're also getting some

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<v Speaker 3>numbers coming out of Walmart, several comments coming from the

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<v Speaker 3>CEO in the last twenty four hours thing that they're

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<v Speaker 3>being focused on keeping price as low, prices as low

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<v Speaker 3>as they possibly can, and really looking at some cost

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<v Speaker 3>cutting measures. They're reaffirming their first quarter sales guidance. In

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<v Speaker 3>their full year twenty twenty six guidance remains unchanged, so

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<v Speaker 3>that's going to be again another major one to watch, Nathan.

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<v Speaker 3>For me, Walmart's WMT is the tell those shares hire

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<v Speaker 3>by two percent this morning.

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<v Speaker 4>The Stock Movers podcast Bloomberg Radio check Back with us

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<v Speaker 4>throughout the day. For the latest roundup of companies making

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<v Speaker 4>news on Wall Street, and for the latest market moving headlines.

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<v Speaker 4>Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

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