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 --> 00:00:16,200 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:19,079 Speaker 1: Let's not take a look at stocks under the hood today. 5 00:00:19,120 --> 00:00:22,160 Speaker 1: I Missabelli filling in for Paul Sweeney with Scarlett Pool 6 00:00:22,160 --> 00:00:25,480 Speaker 1: and we're joined by Bloomberg's Christine Aquino. Christine, what are 7 00:00:25,520 --> 00:00:28,320 Speaker 1: we looking at? Well Isabell. Let's take a look at Seagates, 8 00:00:28,360 --> 00:00:32,479 Speaker 1: so ticker STX. Those shares are up more than eight 9 00:00:32,479 --> 00:00:35,720 Speaker 1: percent at the moment. So Seagate, it's a computer hardware company, 10 00:00:35,880 --> 00:00:39,240 Speaker 1: and we're seeing trading volume rising to more than quid 11 00:00:39,320 --> 00:00:42,519 Speaker 1: ruple it's twenty day average according to Bloomberg Data. We 12 00:00:42,560 --> 00:00:45,360 Speaker 1: did get news today saying that it's price starter was 13 00:00:45,360 --> 00:00:47,960 Speaker 1: increased to two hundred and fifteen from one to seventy 14 00:00:47,960 --> 00:00:50,199 Speaker 1: at Bank of America. And you know, at the end 15 00:00:50,240 --> 00:00:53,800 Speaker 1: of August, Bloomery Intelligence did project the sixteen percent sales 16 00:00:53,840 --> 00:00:57,400 Speaker 1: growth for fiscal twenty twenty six because they see its 17 00:00:57,520 --> 00:01:01,240 Speaker 1: cloud dynamics as favorable because of data center deployments and 18 00:01:01,400 --> 00:01:04,840 Speaker 1: AI catalysts. So those chairs having a really good day today, okay, 19 00:01:04,840 --> 00:01:07,360 Speaker 1: And Western Digital which is an old school tech company 20 00:01:07,400 --> 00:01:10,880 Speaker 1: because they make hard drives. Yeah, absolutely scarlet, but they 21 00:01:11,000 --> 00:01:15,520 Speaker 1: are proving to be popular with investors today. Western Digital 22 00:01:15,600 --> 00:01:19,119 Speaker 1: Shares Sticker WDC. Those shares are up more than five 23 00:01:19,160 --> 00:01:21,720 Speaker 1: percent at the moment, extending some of those opening games 24 00:01:21,720 --> 00:01:25,000 Speaker 1: that we saw earlier. They're up for ten days as 25 00:01:25,040 --> 00:01:28,520 Speaker 1: the longest winning streak since July twenty nineteen. Training volume 26 00:01:28,600 --> 00:01:32,280 Speaker 1: also doubling from the twenty day average during this time 27 00:01:32,360 --> 00:01:36,080 Speaker 1: of day. So price target also raised for this company 28 00:01:36,120 --> 00:01:39,279 Speaker 1: one to fifteen two or rather one fifteen from eighty 29 00:01:39,319 --> 00:01:43,200 Speaker 1: five dollars at Benchmark, and last week Boomberg Intelligence saying 30 00:01:43,280 --> 00:01:46,240 Speaker 1: that they see seventeen percent sales growth for this company 31 00:01:46,280 --> 00:01:49,720 Speaker 1: in fiscal twenty twenty six twenty twenty six, and margin 32 00:01:49,840 --> 00:01:53,800 Speaker 1: expansion looks favorable as well, and that could spur EPs 33 00:01:53,840 --> 00:01:56,840 Speaker 1: growth of about two percent above consensus. They're also say 34 00:01:56,880 --> 00:01:59,280 Speaker 1: that the company does have long term packs that give 35 00:01:59,320 --> 00:02:02,720 Speaker 1: it visibility for at least a year for its sales. 36 00:02:03,200 --> 00:02:05,160 Speaker 1: What about Krteva, can you please tell us what this 37 00:02:05,280 --> 00:02:10,480 Speaker 1: back is? Yes, Corteva ctv A dooh shares not doing 38 00:02:10,520 --> 00:02:12,720 Speaker 1: too well, down more than three percent. So Corteva is 39 00:02:12,760 --> 00:02:18,240 Speaker 1: actually the fifty billion agribusiness company that formed after the 40 00:02:18,280 --> 00:02:21,400 Speaker 1: twenty seventeen merger of Dow Chemical and DuPont. So it's 41 00:02:21,440 --> 00:02:25,200 Speaker 1: a major player in the agribusiness. It's the world's one 42 00:02:25,200 --> 00:02:28,440 Speaker 1: of the world's largest suppliers of genetically modified corn and 43 00:02:28,520 --> 00:02:32,120 Speaker 1: soybean seeds, as well as pesticides. So the big news 44 00:02:32,400 --> 00:02:34,639 Speaker 1: was actually out on Friday afternoon after it closed, the 45 00:02:34,680 --> 00:02:38,600 Speaker 1: Wall Street Journal reporting that it's considering separating its seat 46 00:02:38,639 --> 00:02:42,600 Speaker 1: and pesticide businesses and investors in analysts really not taking 47 00:02:42,680 --> 00:02:45,800 Speaker 1: that news well. This Monday morning, Blobery Intelligence weigh in, 48 00:02:45,880 --> 00:02:49,760 Speaker 1: saying that a split quote would undermine product and a 49 00:02:49,800 --> 00:02:53,000 Speaker 1: financial logic because it takes the company away from this 50 00:02:53,120 --> 00:02:55,240 Speaker 1: idea of farming as a service. You know, that's a 51 00:02:55,280 --> 00:02:58,320 Speaker 1: model that a lot of its competitors are adapting, but 52 00:02:58,800 --> 00:03:02,920 Speaker 1: that potential separation would take Orteva away from that path. 53 00:03:04,360 --> 00:03:08,600 Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us 54 00:03:08,600 --> 00:03:11,400 Speaker 2: throughout the day for the latest roundup of companies making 55 00:03:11,480 --> 00:03:15,040 Speaker 2: news on Wall Street and for the latest market moving headlines. 56 00:03:15,320 --> 00:03:19,320 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 57 00:03:19,360 --> 00:03:22,440 Speaker 2: dot com, and on Applecarplay, and Android Auto with the 58 00:03:22,480 --> 00:03:23,840 Speaker 2: Bloomberg Business app.