00:00 Speaker A
All right. Now time for some of today’s trending tickers. We’ll check it in on shares of Hurts, Abbot Laboratories, and interactive Brokers group all in focus today. Let’s start with, uh, hurts though higher today after, uh, the Bill Ackman led Pershing Square Capital Management announcing that it had acquired 12.7 million shares of hurts stock. Silvia. So, uh, Bill moves in, uh, per Bloomberg that does make it one of Hertz’s biggest shareholders. The stock was higher today in today’s trade, but this one has suffered. I mean, it’s still down hard over last 12 months.
00:57 Speaker B
Yeah, so this is an interesting one. I think that gives him about 4% or so of the company. I think that the market liked his level of investment and expertise that might come into it. But it’s a funny stock. This was almost like the meme stock, right? That kind of like resurrected itself out of COVID and and then they were going to invest in electric vehicles and that ended up being a flop. And and they had to offload that, and then they had this legal feed off load. And so, I I think that, you know, they saved themselves once. Perhaps he’s going to be the, the, you know, savior that helps them kind of remitigate some of their financial risk and, and you know, get back to being a profitable or operating, um, company.
02:26 Speaker A
Yeah. I’m just looking at the stock right here. I showed the pop today, but this one we’re still down about 40% over the past few months. We’ll see what Mr. Akman could do, works some magic. All right. Next up, Abort Laboratories Laboratories. Those shares also again are boosted today after the healthcare tech company reported a first quarter earnings beats. There was a couple headlines out of this one, so we so one they said they expand the US manufacturing. They expect to spend $500 million on two facilities, looks like Illinois and Texas, uh, expanding existing plants, boost research and development, going to hire some folks. As many as 200 in Illinois, as many as 100 in Texas. Then did reaffirm previous annual guidance, as for tariffs, of course got to check chime in there, right. What executives have to say there. Looks like the CEO saying we estimate the tariff impact in 25 to be a few hundred million dollars. Uh, there are definitely short term things that can be done. Uh, the CEO saying to mitigate and close the gap.
04:09 Speaker B
Yeah, I think that’s what the market likes to hear, right? You’re going to have this impact of tariffs. We’re going to mitigate them and our future will be brighter because we’re going to onshore. And so we will be in a better position than everybody else eventually, right? That’s sort of how I read it. I think that the market is going to respond to anything that has to do with onshoring these days. The other thing is, you know, 4% growth in revenue. They have, they have a stable financial outlook. It’s a defensive type of sector, you know, whether or not the market is crashing, people get sick and need medical devices. So I think it’s going to be kind of a natural portfolio allocation here for investors.
05:01 Speaker A
Yeah. Stocks are up about 15% this year. And you know, if you’re expanding US manufacturing, you are staying on the right side of the president, which is helpful. Yes. Good for the next three, four years. Sure. And lastly, interactive brokers group, let’s go, let’s take a look at that one. That one has fallen today amid some mixed earnings results. So brokers Q one earnings misses consensus. It looks like, um, so we have I I do see analysts at Jeffries, they weigh in. I see them cited as saying revenues came in lower than expected due to lower net interest income. Uh, they did point out margin balances declined during the first two weeks of April, probably not surprising there. They also say they they say the positive momentum across net new account growth, uh, has remained elevated. They maintain the buy.
06:15 Speaker B
Yeah, I actually like this stock, and I think that what they have, and they’ve consistently had is increasing trading volume. So they’re in a good spot there. I think the, the, you know, deleveraging of clients is no surprise at all. So no surprise that interest income is down, um, overall margins are down, thing or margin accounts are down, things like this. But I think that overall when you get stability in the market, it’s as we were talking about before in the second half of the year, if you have that high trading volume, you have new accounts, you know, and some of those accounts start to relever again, I think that company ends up being in a better spot and, and that stock pays investors for hanging on to it.
07:11 Speaker A
And you are in good company. Most on the street agree with you. So we have they got to buy on this one. All right. You can scan the QR code below to stay up to date with the best and worst performing tickers on the Yahoo Finance homepage.