1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:17,320 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,440 --> 00:00:19,680 Speaker 2: All right, let's get some stock movers right now. I'm 5 00:00:19,680 --> 00:00:22,079 Speaker 2: Alex Thee alongside Paul Sweeney. Were joining by Bloomberg's a 6 00:00:22,120 --> 00:00:26,720 Speaker 2: Deniza Sakova. All right, you're looking first off at Marvel Technologies. 7 00:00:27,040 --> 00:00:29,880 Speaker 3: Yeah, it's up nine percent today, which is a much 8 00:00:29,960 --> 00:00:33,839 Speaker 3: need this relief. The ticker is MRVL. The company was 9 00:00:33,840 --> 00:00:37,640 Speaker 3: down about thirty percent before this rally. It had an 10 00:00:38,120 --> 00:00:40,839 Speaker 3: event focused on AI and we're seeing so many upgrades 11 00:00:40,880 --> 00:00:41,199 Speaker 3: after it. 12 00:00:41,200 --> 00:00:41,240 Speaker 2: This. 13 00:00:41,479 --> 00:00:45,960 Speaker 3: We saw Melia's Research raising their target. We saw Bank 14 00:00:46,000 --> 00:00:49,160 Speaker 3: of America raising their target, we saw b Riley raising 15 00:00:49,159 --> 00:00:49,640 Speaker 3: their target. 16 00:00:49,720 --> 00:00:51,120 Speaker 4: So there is a lot of optimism. 17 00:00:51,320 --> 00:00:53,519 Speaker 3: And we remember just a few weeks ago when their 18 00:00:53,520 --> 00:00:57,680 Speaker 3: earnings reports were was out, there was a lot of disappointments. 19 00:00:58,080 --> 00:01:00,560 Speaker 3: The report wasn't bad, but the expectations were so high 20 00:01:00,560 --> 00:01:03,080 Speaker 3: about the company that there was a big slump after 21 00:01:03,160 --> 00:01:05,720 Speaker 3: the first quarter earnings, which we're pretty much in line 22 00:01:05,720 --> 00:01:10,520 Speaker 3: with analyst expectations that said, the event is bringing some optimism. 23 00:01:11,280 --> 00:01:15,240 Speaker 3: One number that jumps is that their overall data center 24 00:01:16,080 --> 00:01:19,600 Speaker 3: market is expected to grow to a ninety four billion 25 00:01:19,720 --> 00:01:22,160 Speaker 3: by twenty twenty eight, and that was something everyone was 26 00:01:22,200 --> 00:01:24,680 Speaker 3: looking for in the earnings. So perhaps some of the 27 00:01:24,720 --> 00:01:27,000 Speaker 3: optimism that's pouring today's coming on that. There is some 28 00:01:27,120 --> 00:01:31,280 Speaker 3: other partnership with Empower Semiconductor. So overall the event is 29 00:01:31,319 --> 00:01:34,520 Speaker 3: definitely boosting the stock after a rough start of the year. 30 00:01:34,959 --> 00:01:38,760 Speaker 4: Interesting, all right, how about Circle Internet Group? What an 31 00:01:38,800 --> 00:01:41,119 Speaker 4: IPO this is? That's a fascinating IPO. 32 00:01:41,160 --> 00:01:44,320 Speaker 3: Indeed, as we remember, after an IPOI jump one hundred 33 00:01:44,360 --> 00:01:47,800 Speaker 3: and sixty eight percent, and that rally continues. So far 34 00:01:48,000 --> 00:01:51,200 Speaker 3: since the IPO, it's up four hundred percent. And now 35 00:01:51,200 --> 00:01:54,600 Speaker 3: we also have legislation. We have the US Senate passing 36 00:01:54,600 --> 00:01:58,640 Speaker 3: a stable coin legislation. This is setting up the regulatory 37 00:01:58,720 --> 00:02:01,560 Speaker 3: rules for the crypto currencies that are packed to the door. 38 00:02:02,040 --> 00:02:04,280 Speaker 4: This is a landmark legislation. 39 00:02:04,520 --> 00:02:08,480 Speaker 3: Obviously, it's kind of paying off after the really big 40 00:02:08,480 --> 00:02:12,400 Speaker 3: investments from the crypto industry that we're supporting the electing 41 00:02:12,560 --> 00:02:15,680 Speaker 3: campaign of Donald Trump, So this is kind of one 42 00:02:15,720 --> 00:02:19,440 Speaker 3: major milestone. The rule is that door pecks stable coils 43 00:02:19,440 --> 00:02:22,640 Speaker 3: should have to hold door for door reserves in short 44 00:02:22,720 --> 00:02:27,840 Speaker 3: term government app and yeah, the stock is staring and 45 00:02:27,880 --> 00:02:30,359 Speaker 3: this is just another today again is just four percent, 46 00:02:30,400 --> 00:02:33,960 Speaker 3: which seems small after four hundred, but definitely more upside. 47 00:02:34,120 --> 00:02:34,720 Speaker 4: And also the. 48 00:02:34,639 --> 00:02:38,000 Speaker 2: Constellation Energy where my favorite stocks to talk about making 49 00:02:38,040 --> 00:02:39,800 Speaker 2: deals left in my hyperscalers here. 50 00:02:40,120 --> 00:02:43,120 Speaker 3: Yes, yes, yes, yes, that's definitely one of the movers. 51 00:02:43,200 --> 00:02:47,160 Speaker 3: We're also looking at, for example, alcohol beverages. 52 00:02:46,680 --> 00:02:49,520 Speaker 2: Today they are okay, now my fault, our producer said 53 00:02:49,520 --> 00:02:51,680 Speaker 2: Constellation Energy instead of brand. 54 00:02:51,720 --> 00:02:55,240 Speaker 4: That's another totally selling. This is not my fault. That's 55 00:02:55,280 --> 00:02:57,799 Speaker 4: another move where alcohol beverages are moving. 56 00:02:57,960 --> 00:03:01,840 Speaker 3: All reports that use the Pitary guidelines are expected to 57 00:03:02,000 --> 00:03:07,120 Speaker 3: eliminate the long standing recommendation of one two drinks per day. 58 00:03:07,320 --> 00:03:09,680 Speaker 3: And now those guidelines are supposed to be a little 59 00:03:09,680 --> 00:03:15,920 Speaker 3: bit vaguer, which is boosts to those alcohol brands. For example, 60 00:03:15,919 --> 00:03:19,639 Speaker 3: Constellation Brands is down twenty seven percent here today today 61 00:03:19,639 --> 00:03:21,680 Speaker 3: the game is really small, but perhaps this is bringing 62 00:03:21,720 --> 00:03:22,320 Speaker 3: some optimism. 63 00:03:22,360 --> 00:03:23,919 Speaker 4: Of course this is developing. 64 00:03:24,639 --> 00:03:27,320 Speaker 3: Sorry, so we don't know too much about the guidelines, 65 00:03:27,320 --> 00:03:30,120 Speaker 3: but there is some optimism for all those alcohol brands 66 00:03:30,120 --> 00:03:30,960 Speaker 3: that have been suffering. 67 00:03:31,000 --> 00:03:36,560 Speaker 1: Here today the Stock Movers podcast from Bloomberg Radio check 68 00:03:36,640 --> 00:03:39,240 Speaker 1: back with us throughout today for the latest roundup of 69 00:03:39,320 --> 00:03:42,480 Speaker 1: companies making news on Wall Street and for the latest 70 00:03:42,560 --> 00:03:46,720 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 71 00:03:46,720 --> 00:03:50,080 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 72 00:03:50,120 --> 00:03:52,120 Speaker 1: Auto with the Bloomberg Business app.