1 00:00:02,520 --> 00:00:11,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, the Stock Movers podcast. 2 00:00:12,119 --> 00:00:14,840 Speaker 1: This is your roundup of companies making news on Wall 3 00:00:14,880 --> 00:00:19,720 Speaker 1: Street and beyond. Harnessing the power of Bloomberg Data. Let's 4 00:00:19,720 --> 00:00:21,079 Speaker 1: take a look at some of the stocks on the 5 00:00:21,120 --> 00:00:23,479 Speaker 1: move today, and with that, here's Bloomberg News Equities reporter 6 00:00:23,560 --> 00:00:28,160 Speaker 1: Billy Lipsheltz with Thursday's stock Movers. Where shall we begin, Bailly. 7 00:00:28,160 --> 00:00:30,280 Speaker 2: You'll start with the center, maybe a little bit of 8 00:00:30,320 --> 00:00:34,120 Speaker 2: calling out some doge cuts underperforming this morning and throughout 9 00:00:34,159 --> 00:00:39,520 Speaker 2: the day after really talking down thereforeward looking at expectations 10 00:00:39,520 --> 00:00:42,840 Speaker 2: in how the government really trying to tighten spending. Elon 11 00:00:42,920 --> 00:00:45,479 Speaker 2: Musk going in there and cutting jobs and forcing people 12 00:00:45,520 --> 00:00:49,159 Speaker 2: to justify why they're working and why if you're a 13 00:00:49,159 --> 00:00:52,160 Speaker 2: consultant you actually are going to get paid. That's something 14 00:00:52,200 --> 00:00:55,280 Speaker 2: that the management team really sounded the alarm on some analysts, 15 00:00:55,280 --> 00:00:57,280 Speaker 2: maybe a bit more bullish or saying this is kind 16 00:00:57,280 --> 00:00:59,560 Speaker 2: of the tone we've seen and heard for call it 17 00:00:59,600 --> 00:01:02,320 Speaker 2: three or four weeks from the company and from the industry, 18 00:01:02,400 --> 00:01:04,760 Speaker 2: but one of the worst performers in the SP five hundred, 19 00:01:04,800 --> 00:01:07,560 Speaker 2: worst day since March of twenty twenty four, closing at 20 00:01:07,600 --> 00:01:11,760 Speaker 2: the lowest level since sometime last year, So really seeing 21 00:01:11,800 --> 00:01:14,120 Speaker 2: investors kind of look and say, now that I think 22 00:01:14,160 --> 00:01:16,480 Speaker 2: about it, in what's been a choppy day, trappy market, 23 00:01:16,600 --> 00:01:19,520 Speaker 2: maybe we avoid a company that is talking down there 24 00:01:19,520 --> 00:01:22,080 Speaker 2: forward looking at expectations. And that's really been one of 25 00:01:22,080 --> 00:01:24,160 Speaker 2: the trends from a broader perspective that we've been keeping 26 00:01:24,200 --> 00:01:26,920 Speaker 2: an eye on so far as we wind through the 27 00:01:26,959 --> 00:01:31,280 Speaker 2: final stragglers of earning season and get ready for Deltay 28 00:01:31,360 --> 00:01:34,280 Speaker 2: too loudly big bank earnings in about two weeks now. 29 00:01:34,959 --> 00:01:38,479 Speaker 3: Yeah, I can't believe we're already there, Carol, the end 30 00:01:38,520 --> 00:01:41,080 Speaker 3: of this quarter, so we're going to start to hear soon, 31 00:01:41,160 --> 00:01:43,440 Speaker 3: but we're still hearing from some companies. Interesting, Bailey, to 32 00:01:43,520 --> 00:01:47,000 Speaker 3: also see companies talk about the effects of dog and 33 00:01:47,080 --> 00:01:51,280 Speaker 3: government cost cutting. You've also got your eye on the 34 00:01:51,680 --> 00:01:54,200 Speaker 3: restaurant space today. What's happened in there? 35 00:01:55,200 --> 00:01:59,280 Speaker 2: Garden Garden brands trading at one point on pace for 36 00:01:59,560 --> 00:02:01,720 Speaker 2: looking like what would be an all time high. This 37 00:02:01,880 --> 00:02:06,000 Speaker 2: is the owner of Texas Roadhouse, the owner of all 38 00:02:06,040 --> 00:02:08,880 Speaker 2: of Garden really beating expectations, and guys, I thought it 39 00:02:08,919 --> 00:02:12,280 Speaker 2: was quite interesting that Uber Eats is a big driver 40 00:02:12,639 --> 00:02:14,480 Speaker 2: of why they're bullish on the outlook, why they had 41 00:02:14,480 --> 00:02:17,240 Speaker 2: a strong quarter, really rolling that out that being one 42 00:02:17,240 --> 00:02:19,440 Speaker 2: of the growth levers that the company can pull. So 43 00:02:19,560 --> 00:02:21,680 Speaker 2: I don't know about you, I personally wouldn't really get 44 00:02:21,720 --> 00:02:23,640 Speaker 2: posted to go to be delivered, nor would I do 45 00:02:23,680 --> 00:02:28,040 Speaker 2: that with a steak. But looking at the earnings beating expectations, 46 00:02:28,080 --> 00:02:30,880 Speaker 2: talking up their ability to expand margins, that partnership with 47 00:02:31,000 --> 00:02:34,840 Speaker 2: Uber potentially continuing to be a creative for the company. 48 00:02:35,040 --> 00:02:37,360 Speaker 2: And another thing that analysts really called out was kind 49 00:02:37,400 --> 00:02:40,560 Speaker 2: of the broader offerings that they're rolling out at their restaurants. 50 00:02:40,600 --> 00:02:44,119 Speaker 2: Those are the two most well known franchises, and they've 51 00:02:44,160 --> 00:02:46,200 Speaker 2: really been ramping up what they can bring to a 52 00:02:46,240 --> 00:02:49,000 Speaker 2: consumer that, broadly speaking, is still feeling quite a pinch 53 00:02:49,320 --> 00:02:50,120 Speaker 2: here in the US. 54 00:02:51,040 --> 00:02:53,600 Speaker 3: All right, and there's another name, is it QXO that 55 00:02:53,680 --> 00:02:56,000 Speaker 3: you have on kind of your watch list. 56 00:02:56,840 --> 00:03:01,240 Speaker 2: UXO Beacon roofing QXO announcing that they have agreed to 57 00:03:01,360 --> 00:03:04,360 Speaker 2: acquire Beacon. So this is a saga that started earlier 58 00:03:04,400 --> 00:03:07,600 Speaker 2: this year. QXOS. Brad Jacobs kind of roll up machine, 59 00:03:07,639 --> 00:03:10,120 Speaker 2: if you will. He kind of created a company with 60 00:03:10,200 --> 00:03:13,040 Speaker 2: the goal of raising money to buy companies in kind 61 00:03:13,080 --> 00:03:16,120 Speaker 2: of the supply chain housing management, if you will, to 62 00:03:16,200 --> 00:03:17,959 Speaker 2: roll them up and be more efficient, saying that the 63 00:03:18,000 --> 00:03:21,360 Speaker 2: supply chain is weak. They're finally going to Beacon at 64 00:03:21,400 --> 00:03:24,160 Speaker 2: about eleven billion dollars total price tag. This is again 65 00:03:24,200 --> 00:03:26,680 Speaker 2: a deal that we've been talking about for a couple months. 66 00:03:26,680 --> 00:03:29,240 Speaker 2: At this point, would it have to go the hostile route? 67 00:03:29,400 --> 00:03:32,120 Speaker 2: How could Beacon protect protect itself if it wanted to, 68 00:03:32,520 --> 00:03:34,600 Speaker 2: And it does seem like they actually have the boards 69 00:03:34,840 --> 00:03:36,840 Speaker 2: aligned reading through some of the filings. This as a 70 00:03:36,880 --> 00:03:39,400 Speaker 2: company that was approached back in November, So when we 71 00:03:39,440 --> 00:03:43,120 Speaker 2: saw the initial announcement laid out, Beacon basically said they 72 00:03:43,120 --> 00:03:46,320 Speaker 2: were getting taken advantage of for being in a choppy 73 00:03:46,360 --> 00:03:49,880 Speaker 2: back drop from a market perspective with the uncertainty around tariffs. Well, 74 00:03:49,920 --> 00:03:51,960 Speaker 2: they changed their tune. They're agreeing to that deal. Both 75 00:03:51,960 --> 00:03:54,280 Speaker 2: shares closing in the green. It does seem like a 76 00:03:54,440 --> 00:03:56,720 Speaker 2: kind of saga that we were worried could linger on 77 00:03:57,040 --> 00:03:58,600 Speaker 2: for quite some time is going to be wrapped up 78 00:03:58,600 --> 00:03:59,280 Speaker 2: pretty efficiently. 79 00:04:01,080 --> 00:04:05,400 Speaker 1: The Stockmovers podcast from Bloomberg Radio. Check back with us 80 00:04:05,440 --> 00:04:08,360 Speaker 1: throughout the day for the latest roundup of companies making 81 00:04:08,440 --> 00:04:12,000 Speaker 1: news on Wall Street. And for the latest market moving headlines. 82 00:04:12,160 --> 00:04:16,120 Speaker 1: Listen to Bloomberg Radio Live. 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