Chevron Rises, Delta Drops, Him & Hers Surges on Novo Obesity Deal That Ends Public Feud | Stock...

Bloomberg Audio Studios podcasts, radio, news, >> the Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. >> All right, let's uh take a look at some stocks on the move today. Uh Scarlett Fu and Alexis Christopher is here. We are joined now by our very own Christina Aino. Christine, what are you looking at? >> All right, Scarlet. Well, we got to take a look, of course, at what is being moved by oil, and that is a lot. Let's start with Chevron, uh, ticker CVX. So, that stock actually only up about onetenth of 1% at the moment, but it is on a 3-day winning streak. That is the longest since the end of January. Also, to put into context, it shares hit a record high on Friday, above $192 per share. It's currently trading below that at 190. But given that all the discussion about oil and how much of a premium it has priced uh but the fact that it still remains below uh some of the key thresholds that we saw years prior there's a lot of room for the market to price at and and the the clear beneficiaries of that at least uh uh in the immediate aftermath is of course all these uh energy shares. Chevron being one of them >> and Chevron. I'm I'm looking at the 30 Dow stocks right now. Only two are higher at the moment. PNG and ding ding ding Chevron. >> There you go. Yeah. >> All right. What else have we got? Oh, talking about the other ways that oil can impact industry. Let's talk airlines, shall we? >> Let's talk airlines and specifically about Delta. So, ticker D A L. Those losses accelerating from the opening drop. They are now down more than 5%. This is a 4-day losing streak for this share. And again, you know, we have a lot of analysts warning about the impact on the airline industry in particular. uh Deutsch Bank warning on Friday that there is uh an existential threat for carriers uh because of the jump in oil. So taking a look as well at the S&P super composite airlines industry index that is down more than 3% also down uh more than 20% from a late February high. So technically that is in a bare market at the moment. But specifically to Delta, we also got a downgrade uh for the stock by TD Cowan. analyst Thomas Fitzgerald cutting the target for Delta to $71 to from 82 previously though they are maintaining a buy rating. It's funny though because that cut 7 to to 71 is still about a 20% increase from its uh closing price on on Friday. So again, a lot of room to price this in. >> Absolutely. All right, let's move to a stock that's actually on the rise today. >> Let's talk about HIMS and Hurst. So ticker HIMS. It's a rare bit of good news uh in the markets at the moment. Company specific though. HMS of course uh has been admired in this lawsuit uh Novo that Novo has brought against the company. It ended that uh it it it dropped the lawsuit that it filed last month and Novo now saying that it will work with HIMS to sell their obesity drugs on the HIMS platform. So OMPE we go including the Wiggoi pills which are very popular at the moment. All of that will be available on the HIMS platform. And in return, uh, HIMS said that it will no longer advertise its copies of the Novo medicines because that was a key, uh, stipulation in the lawsuit that >> No. >> So, once foes now friends, how quickly things change in the world of business. >> At least they recognized the synergy, right, that they >> There you go. >> There you go. Synergy. >> The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business App.

On this episode of Stock Movers: - Chevron (CVX) shares rise. Ultrapar is in advanced talks with Chevron Corp. to sell a 30% stake in Ipiranga, Brazil Journal reports citing two sources familiar with the matter. An agreement on price has already been reached and the parties are now in the governance discussion phase, Brazil Journal reports citing the sources. - Delta (DAL) shares drop. Airlines are among the biggest decliners in the US stock market as travel, auto, retail and restaurant shares slide during Monday’s spike in oil. - Him & Hers (HIMS) shares surge after Novo Nordisk was said to have ended its public feud with the company with an agreement to sell its weight-loss drugs on the Hims platform. Novo and Hims plan to announce a new partnership as soon as Monday, according to a person familiar with the matter, who spoke on the condition of anonymity. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street. Check out more episodes of Stock Movers: https://www.youtube.com/playlist?list=PLe4PRejZgr0NxhJreY_kjMBdW8cvmNauU Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video #Stocks #Markets #Finance #Investing #Podcast #Bloomberg Chevron Rises, Delta Drops, Him & Hers Surges on Novo Obesity Deal That Ends Public Feud