1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,720 --> 00:00:18,159 Speaker 1: Take a look at some of the stocks on the 5 00:00:18,160 --> 00:00:18,599 Speaker 1: move today. 6 00:00:18,600 --> 00:00:20,079 Speaker 2: We can do that with Christine Aquino. 7 00:00:20,160 --> 00:00:21,800 Speaker 1: Christine, what are you looking at today? All right, Paul, 8 00:00:21,880 --> 00:00:24,480 Speaker 1: let's take a look at Micron this morning. Very much 9 00:00:24,560 --> 00:00:27,200 Speaker 1: green today and keeping with the rest of the market, 10 00:00:27,440 --> 00:00:30,240 Speaker 1: so ticker MU. Those shares are now extending their opening 11 00:00:30,240 --> 00:00:33,120 Speaker 1: gains up more than three percent at the moment. We 12 00:00:33,200 --> 00:00:36,920 Speaker 1: have a pair of more optimistic analysts assessments here for 13 00:00:37,000 --> 00:00:40,120 Speaker 1: the stock. So first Key Mack analyst John then reiterating 14 00:00:40,159 --> 00:00:44,080 Speaker 1: his over rating on the stock and six hundred dollars 15 00:00:44,120 --> 00:00:47,120 Speaker 1: price Siger that, by the way, is a sixty four 16 00:00:47,159 --> 00:00:50,760 Speaker 1: percent gain from Friday's close, so very very positive on 17 00:00:50,840 --> 00:00:53,520 Speaker 1: the stock there. And then we also have Miso Ho's 18 00:00:53,760 --> 00:00:56,920 Speaker 1: VJ raqsh saying that investors should take advantage of the 19 00:00:56,920 --> 00:01:00,840 Speaker 1: weakness in shares of memory and storage stocks, which Micron 20 00:01:00,960 --> 00:01:04,480 Speaker 1: is one of them, and also affirmed his outperform rating 21 00:01:04,640 --> 00:01:06,920 Speaker 1: on the stock. So that's enjoying a little bit of 22 00:01:06,920 --> 00:01:09,240 Speaker 1: a lift there at the moment, All right, good stuff. 23 00:01:09,520 --> 00:01:11,479 Speaker 1: Second on your list, Let's take a look at Dow. 24 00:01:11,600 --> 00:01:16,199 Speaker 1: So this is Dow chemical ticker Dow. More analyst action here, 25 00:01:16,280 --> 00:01:19,160 Speaker 1: but to the downside unfortunately, and so those shares now 26 00:01:19,200 --> 00:01:22,360 Speaker 1: extending their losses there. Down about a two point six 27 00:01:22,440 --> 00:01:24,880 Speaker 1: percent at the moment, and that's because we have Bank 28 00:01:24,920 --> 00:01:28,080 Speaker 1: of America downgrading the stock and they're saying that detailments 29 00:01:28,120 --> 00:01:31,160 Speaker 1: from the war are unsustainable. So according to Bank of America, 30 00:01:31,240 --> 00:01:34,280 Speaker 1: there's about a ten cent per pound premium in chemical 31 00:01:34,319 --> 00:01:37,840 Speaker 1: prices for twenty twenty seven, but that's not necessarily going 32 00:01:37,880 --> 00:01:40,360 Speaker 1: to be good for demand, and they are seeing upside 33 00:01:40,440 --> 00:01:43,280 Speaker 1: peeking in the second quarter of this year, So not 34 00:01:43,360 --> 00:01:46,440 Speaker 1: a very optimistic pronouncement for the future of the stock. 35 00:01:48,000 --> 00:01:50,600 Speaker 1: One more force, let's take a look at Carvana. So 36 00:01:50,760 --> 00:01:54,400 Speaker 1: CVNA is a ticker there that's also not having a 37 00:01:55,000 --> 00:01:57,000 Speaker 1: not so much of a good day. It's down about 38 00:01:57,240 --> 00:01:59,920 Speaker 1: one percent at the moment. Bank of America coming in 39 00:02:00,200 --> 00:02:03,760 Speaker 1: with more email's actions here once again they did downgrade 40 00:02:03,760 --> 00:02:07,640 Speaker 1: a stock to neutral from buy previously. And ana's Michael 41 00:02:07,720 --> 00:02:11,320 Speaker 1: McGovern saying that the recent oil shock potentially pressures an 42 00:02:11,400 --> 00:02:15,280 Speaker 1: already stretched lower end middle income consumer. Granted, their price 43 00:02:15,680 --> 00:02:18,120 Speaker 1: is still set a three hundred and sixty dollars, which 44 00:02:18,120 --> 00:02:22,160 Speaker 1: still is about a fifteen percent increase from the last close. Interestingly, 45 00:02:22,240 --> 00:02:27,480 Speaker 1: Carvana currently has seventeen buys, seven holds, and two sell ratings, 46 00:02:27,520 --> 00:02:30,800 Speaker 1: and so potentially more room for other italysts to downgrade 47 00:02:30,800 --> 00:02:31,480 Speaker 1: at stock. 48 00:02:32,240 --> 00:02:36,280 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 49 00:02:36,360 --> 00:02:38,919 Speaker 2: us throughout the day for the latest roundup of companies 50 00:02:39,000 --> 00:02:42,079 Speaker 2: making news on Wall Street and for the latest market 51 00:02:42,120 --> 00:02:46,560 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 52 00:02:46,680 --> 00:02:50,200 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 53 00:02:50,240 --> 00:02:51,760 Speaker 2: the Bloomberg Business app.