Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's not take a look at stocks under the hood today.
Speaker 1: I Missabelli filling in for Paul Sweeney with Scarlett Pool
Speaker 1: and we're joined by Bloomberg's Christine Aquino. Christine, what are
Speaker 1: we looking at? Well Isabell. Let's take a look at Seagates,
Speaker 1: so ticker STX. Those shares are up more than eight
Speaker 1: percent at the moment. So Seagate, it's a computer hardware company,
Speaker 1: and we're seeing trading volume rising to more than quid
Speaker 1: ruple it's twenty day average according to Bloomberg Data. We
Speaker 1: did get news today saying that it's price starter was
Speaker 1: increased to two hundred and fifteen from one to seventy
Speaker 1: at Bank of America. And you know, at the end
Speaker 1: of August, Bloomery Intelligence did project the sixteen percent sales
Speaker 1: growth for fiscal twenty twenty six because they see its
Speaker 1: cloud dynamics as favorable because of data center deployments and
Speaker 1: AI catalysts. So those chairs having a really good day today, okay,
Speaker 1: And Western Digital which is an old school tech company
Speaker 1: because they make hard drives. Yeah, absolutely scarlet, but they
Speaker 1: are proving to be popular with investors today. Western Digital
Speaker 1: Shares Sticker WDC. Those shares are up more than five
Speaker 1: percent at the moment, extending some of those opening games
Speaker 1: that we saw earlier. They're up for ten days as
Speaker 1: the longest winning streak since July twenty nineteen. Training volume
Speaker 1: also doubling from the twenty day average during this time
Speaker 1: of day. So price target also raised for this company
Speaker 1: one to fifteen two or rather one fifteen from eighty
Speaker 1: five dollars at Benchmark, and last week Boomberg Intelligence saying
Speaker 1: that they see seventeen percent sales growth for this company
Speaker 1: in fiscal twenty twenty six twenty twenty six, and margin
Speaker 1: expansion looks favorable as well, and that could spur EPs
Speaker 1: growth of about two percent above consensus. They're also say
Speaker 1: that the company does have long term packs that give
Speaker 1: it visibility for at least a year for its sales.
Speaker 1: What about Krteva, can you please tell us what this
Speaker 1: back is? Yes, Corteva ctv A dooh shares not doing
Speaker 1: too well, down more than three percent. So Corteva is
Speaker 1: actually the fifty billion agribusiness company that formed after the
Speaker 1: twenty seventeen merger of Dow Chemical and DuPont. So it's
Speaker 1: a major player in the agribusiness. It's the world's one
Speaker 1: of the world's largest suppliers of genetically modified corn and
Speaker 1: soybean seeds, as well as pesticides. So the big news
Speaker 1: was actually out on Friday afternoon after it closed, the
Speaker 1: Wall Street Journal reporting that it's considering separating its seat
Speaker 1: and pesticide businesses and investors in analysts really not taking
Speaker 1: that news well. This Monday morning, Blobery Intelligence weigh in,
Speaker 1: saying that a split quote would undermine product and a
Speaker 1: financial logic because it takes the company away from this
Speaker 1: idea of farming as a service. You know, that's a
Speaker 1: model that a lot of its competitors are adapting, but
Speaker 1: that potential separation would take Orteva away from that path.
Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us
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