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 3: Let's get over to some of the stocks that we
Speaker 3: see here on the move. We're joined by Bloomberg Equities
Speaker 3: reporter Natalia Kenny Jvic. Please tell us what you're keeping
Speaker 3: an eye on as of this week.
Speaker 4: Guys, So let's start with Nvidia, because we have to
Speaker 4: talk about tech stocks and Nvidia the ticket is. NVDA
Speaker 4: is down one point four percent this week. This is
Speaker 4: the biggest drop since May. Of course, we saw huge
Speaker 4: sell of this week across the biggest technology stocks as
Speaker 4: investors got concerned about valuations potentially stretched positioning. But nevertheless,
Speaker 4: today was a positive day for tech for Nvidia specifically,
Speaker 4: and we also saw that this week at least nine
Speaker 4: analysts lifted price target for Nvidia to an average price
Speaker 4: of one hundred and ninety four dollars. This is the
Speaker 4: highest on record. And of course, next week and Video
Speaker 4: reports earnings. Analysts expect double digit revenue growth and we
Speaker 4: will see how this all plays out. But of course, China.
Speaker 4: All commentary about each twenty chips for China and suppliers
Speaker 4: will be in the focus for the next week.
Speaker 1: I look at the Bloomberg terminal for in video. You
Speaker 1: type in an R it's analyst recommendations. You look at
Speaker 1: what analysts are saying about the company. Almost everybody, every
Speaker 1: analyst that's tracked on the Bloomberg terminal has either a hold,
Speaker 1: slash neutral or positive outperformed slash buy rating on the company,
Speaker 1: except for one Jay Goldberg. Seaport Global has a cell
Speaker 1: rating and a one hundred dollars price target on in
Speaker 1: video reminder in videos trading at one hundred and seventy
Speaker 1: eight dollars a share. So is he he's contrarian? Is
Speaker 1: he right?
Speaker 4: We'll see you gotta guys invite him for the show next.
Speaker 1: Oh, we always invite him. He's always he knows, he's
Speaker 1: always welcome. We're spoken to him a few times.
Speaker 4: Great. So let's talk about a couple other movers. Because
Speaker 4: if we look at the best performing stock for this week,
Speaker 4: it's day Force. The ticker is day The stock is
Speaker 4: up by thirty percent. Of course, it came after Toma Bravo,
Speaker 4: this big private equity forum announced that it's going to
Speaker 4: buy day Force and it's ready to pay about thirty
Speaker 4: two percent premium compared to the stock price on August fifteen.
Speaker 4: So day Force for those who don't know, this is
Speaker 4: the software provider. It helps businesses to manage recruiting, payrolls,
Speaker 4: employee career development, and stuff like that. So Toma Bravo
Speaker 4: sees a big upsite in this company. Will also know
Speaker 4: that on the one hand, the company improved revenue profitability,
Speaker 4: but it still struggles because many big companies are now
Speaker 4: laying of people around the world. So this is a
Speaker 4: potential concern for many people who track this company. But nevertheless,
Speaker 4: it's a big, big price move plus thirty point eight
Speaker 4: percent this week.
Speaker 3: It is definitely an interesting move to look at on
Speaker 3: the weekly scope. But a name I really want to
Speaker 3: get to get to here because it's always interesting to
Speaker 3: look at the chart here on the stock Palenteer t
Speaker 3: your pl TR.
Speaker 4: If you look at it.
Speaker 3: Five years, it's been up two thousand percent, more than
Speaker 3: two thousand percent. What did you see this week?
Speaker 4: Yeah, so this week we should attribute the stock is
Speaker 4: down by ten point four percent. We should potentially attribute
Speaker 4: all these declines to a bigger sell of across technology
Speaker 4: AI names. Again, this is a lot. There are lots
Speaker 4: of concerns at least until today, right about big tech
Speaker 4: stocks and the so called AI play. People were really
Speaker 4: over positioned across many stocks, including Palenteer. So now we
Speaker 4: see that, yes, that's a big decline, but nevertheless the
Speaker 4: stock is still if I'm not if I'm correct, the
Speaker 4: biggest gainer right in the s and P five hundred
Speaker 4: for this year, and many investors like fundamentals, they just
Speaker 4: like it as a good AI play. However, it's very,
Speaker 4: very volatile, and we also see that short interest on
Speaker 4: Palenteer is rising, so potential we will see even more
Speaker 4: volatility looking ahead.
Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 2: dot com, and on Applecarplay and Android Auto with the
Speaker 2: Bloomberg Business app.