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: I'm Carol Master along with Tim Stanevik. Let's get to
Speaker 1: some stocks on the move this Tuesday. For that, we're
Speaker 1: joined by Bloomberg News equities reporter Avalon Parnell. She joins
Speaker 1: us here in studio. Let's start with a name that
Speaker 1: actually was moving in the aftermarket.
Speaker 3: Yes, KB Home, that's ticker KBH slighting now about four percent.
Speaker 3: That's after the homebuilder's second quarter forecast trailed estimates basically
Speaker 3: across the board. It also reported revenue and home deliveries
Speaker 3: for the first quarter that slightly missed expectations. Management did
Speaker 3: also mention something that I found interesting, at least in
Speaker 3: the release, that they have concerns surrounding the conflict in
Speaker 3: the Middle East because it's introduced another layer of uncertainty
Speaker 3: for consumers who are already facing several challenges in the
Speaker 3: macro environment. Though of course they say that they're definitely
Speaker 3: able to weather that storm.
Speaker 1: Yes, we'll see right, but this is certainly something on
Speaker 1: a couple of different levels that certainly could impact people
Speaker 1: in terms of purchasing homes.
Speaker 3: Was this the one you forgot to do in your decliners?
Speaker 1: Didn't this earning?
Speaker 2: Oh?
Speaker 3: Yeah, I just came out.
Speaker 1: Yeah see, okay, just making sure you know you were
Speaker 1: going to do one on the home. No, oh, okay,
Speaker 1: I don't know what I'm talking about. Let's just edit
Speaker 1: that out, please, everybody. Let's actually keep that in. That
Speaker 1: was kind of entertaining.
Speaker 3: All right, let's keep going. What about ARM? Yes, ARM
Speaker 3: ticker ARM very easy to remember, gaining about six point
Speaker 3: six percent postmarket. That's after the semiconductor devices firm said
Speaker 3: that it plans to begin selling its own chips for
Speaker 3: the first time in a bid for some additional AI sales.
Speaker 3: Meadow will be the first major customer, and the chips
Speaker 3: will be produced by Taiwan Semiconductor Manufacturing. Also worth noting
Speaker 3: that ARM expects those annual cells from the new chip
Speaker 3: business to be about fifteen billion dollars within five hours.
Speaker 3: The chips are expect to be available now. However, they're
Speaker 3: going to begin shipping at the end of this year.
Speaker 1: Yeah, I mean, we had a great interview from our
Speaker 1: Tom mackenzie talking with the company's CEO. So it's it's interesting.
Speaker 1: I mean, this is certainly something we're watching. And yeah,
Speaker 1: I mean the whole semiconductor right space. I mean it's
Speaker 1: up what about twenty three percent year to date, so
Speaker 1: we've definitely seen moved to the upside. Yeah. Check out, well, no,
Speaker 1: check out Rene Haas's interview on the Bloomberg terminal. As
Speaker 1: Carol mentioned, Tom McKenzie sitting down with him on this Tuesday.
Speaker 1: All right, now for something different.
Speaker 3: Yes, very different. Immunity bioticker iv RX think about twenty
Speaker 3: one percent into the clothes today for its biggest tumble
Speaker 3: since twenty twenty four out for as slightly interesting reason.
Speaker 3: That's after the FDA issued a warning letter to the
Speaker 3: biotech for false and misleading promotion of its bladder cancer
Speaker 3: drug and Kativa. At issue is a recent TV ad
Speaker 3: for the drug and the firms billionaire executive chairman Patrick
Speaker 3: Sun schung rhetoric on the Sean Spicer Show. He said
Speaker 3: the drug could treat all cancers, but as I said earlier,
Speaker 3: it's actually only approved for a very specific kind of
Speaker 3: bladder cancer. Now, the company spokesperson did tell Bloomberg that
Speaker 3: they are taking the FDA's concerns very seriously and they
Speaker 3: intend to respond within the timeframe. But still worth noting
Speaker 3: that that stock remains up nearly two hundred and seventy
Speaker 3: five percent this year.
Speaker 2: The stock Moover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.