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Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look at some of the stocks on the move today. Paul Sween alongside Scarlet fuh and we're joined by Bloomberg's Bailly Lipstaltz Billy. What are looking on? Let's start with Eli Lilly, the drugmaker, down about one percent, so modestly underperforming the S and P five hundred and
though not one of the worst performers. This comes after news that the company halted a study of an experimental drug that would be done in combination with one of its weight loss drugs to help prevent obese patients from
losing too much muscle. This has been a long debate for these companies, Eli Lilly, Novo Nordisk leading the charge there with patients who are going on zep bound Munjaro oro zepic and are actually eating less and consuming less, but therefore losing not only fat but muscle and other weight. So this coming a bit surprising court to some analyst that the company would hold its trial, though it's spokesperson pointed to the fact that they re evaluate these drugs
trials on a regular basis. So ticker Lly down again about one percent right now in the morning session. Not a sharp move lower though really only trading at the lowest level in a few weeks.
I'm also looking at the auto sector doing pretty badly this morning, and of course within the SMP five hundred, you're really talking about for a testline General Motors, but you've got a car or auto adjacent company that's given some disappointing results. Yeah.
Worst performer in the S and P five hundred this morning by a large margin is CarMax ticker KMX Scarlett. This is coming after earnings that significantly missed analyst estimates, truest describing it as quote miss across the board with nothing good to see here, which is brutal From the cell side. You're supposed to be playing in curring favor unless to the companies, unless you're hold rated. Though Scott Siccarelli maybe reevaluate that price target of seventy four bucks.
The stock is below forty four trading Scarlet and Paul at the lowest level since the pandemic March twenty twenty, so CarMax under pressure. We're keeping an eye on AutoNation, Carvon and pretty much anything in the ecosystem. Again, after not only did total used units come in well below estimates, analysts really saying that those weaker trends have continued so far into this current quarter. So does seem pretty dire out there.
You know, speaking of things being dire, Robert Bosch over in Germany cutting about thirteen thousand additional jobs at it's autoparts business because you've got to slug yourh European car market as well. So not good across the world.
But hey, the markets are trading near all time highs, so it's all totally fine. Just ignore the consumer and want to wrap up with Jabel ticker JBL, the second worst performer, only down seven percent to Carmax's twenty four percent, though that is the worst drop for that company since the summer. Jabel is a company in the supply chain ecosystem within tech, so some of their big clients are Amazon, Apple, Tesla,
you name it. So they reported results that mostly missed analyst expectations vital Knowledge calling out pressure on margins in their AI segments, so certainly something to keep an eye on, but probably speaking when you look at their forecaster first quarter net revenue better than expected, as was core EPs, so this could be just one of those moves for a company that's moved pretty sharp to the upside in
the last little bit. Right now, trade around two hundred and nine bucks a share a year ago was close to do one hundred and thirteen dollars, so giving back some of those games, but still a pretty ugly performance on a one day kind of basis for Jable again ticker JBL.
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