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 --> 00:00:15,840 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,079 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,120 --> 00:00:20,800 Speaker 3: the move today on Paul Suingiy alongside Scarletfu and we're 6 00:00:20,880 --> 00:00:23,360 Speaker 3: joined by Bloomberg's Touchanna Darya Touchan. What are you looking 7 00:00:23,400 --> 00:00:23,840 Speaker 3: at today? 8 00:00:24,040 --> 00:00:27,400 Speaker 4: Good morning, Good morning, looking at Alphabet shares. Your taker 9 00:00:27,520 --> 00:00:30,240 Speaker 4: is Google up about five percent. This is something that 10 00:00:30,320 --> 00:00:33,199 Speaker 4: came late Friday, so it might have been overlooked, but 11 00:00:33,400 --> 00:00:39,360 Speaker 4: Warren Buffett Berkshire Hathaway acquired seventeen point nine million shares 12 00:00:39,440 --> 00:00:42,080 Speaker 4: in the company. That's worth about a five billion dollar 13 00:00:42,159 --> 00:00:45,760 Speaker 4: worth of stockwell trimming shares of Bank of America and Apple. 14 00:00:46,040 --> 00:00:48,440 Speaker 4: And this comes as the company has been a net 15 00:00:48,440 --> 00:00:52,280 Speaker 4: seller of equities over the quarter, offloading about six billion. 16 00:00:52,360 --> 00:00:54,360 Speaker 4: And this is why I caught my attention. We're here 17 00:00:54,400 --> 00:00:57,680 Speaker 4: at the time when valuation concerns are so high, we're 18 00:00:57,720 --> 00:01:01,240 Speaker 4: talking about the AI bubble potentially bursting, and here's one 19 00:01:01,240 --> 00:01:04,920 Speaker 4: of the biggest value oriented investors stepping in, still seeing 20 00:01:05,040 --> 00:01:08,840 Speaker 4: value in some of the Magnificent seven names and This 21 00:01:09,080 --> 00:01:12,120 Speaker 4: just shows you that perhaps some of those bubbles concerns 22 00:01:12,160 --> 00:01:15,280 Speaker 4: are better reflected and some of the more speculative places 23 00:01:15,520 --> 00:01:19,520 Speaker 4: rather than big tech valuations, which have actually retreated over 24 00:01:19,600 --> 00:01:22,880 Speaker 4: the past five years if you look at conventional measures 25 00:01:22,959 --> 00:01:24,360 Speaker 4: like the Yeah. 26 00:01:24,240 --> 00:01:26,479 Speaker 1: Those thirteen AT filings are always fascinating, but they are 27 00:01:26,560 --> 00:01:28,560 Speaker 1: just a snapshot of a moment in time, and he 28 00:01:28,640 --> 00:01:30,800 Speaker 1: might have changed his position as well. 29 00:01:31,480 --> 00:01:35,840 Speaker 3: Coincident with him going dark stepping back, we're now seing 30 00:01:35,920 --> 00:01:37,280 Speaker 3: virtuire Hathway by big tech. 31 00:01:37,480 --> 00:01:37,680 Speaker 1: Yeah. 32 00:01:37,680 --> 00:01:38,640 Speaker 3: I never saw that before. 33 00:01:38,880 --> 00:01:41,440 Speaker 1: Remember, he only invested in things he understood, so maybe 34 00:01:41,440 --> 00:01:42,400 Speaker 1: he's now understanding. 35 00:01:43,760 --> 00:01:46,240 Speaker 3: My takeaway is he really is out of the equation. 36 00:01:46,360 --> 00:01:47,080 Speaker 4: Oh I see, I see. 37 00:01:47,120 --> 00:01:50,600 Speaker 3: Now the new managers are asserting themselves in buying tech. Gotcha, gotcha, 38 00:01:50,680 --> 00:01:51,440 Speaker 3: that's my take. 39 00:01:51,320 --> 00:01:53,960 Speaker 4: And still finding value at this priceis which is key. 40 00:01:54,000 --> 00:01:54,840 Speaker 1: That is fascinating. 41 00:01:55,160 --> 00:01:58,320 Speaker 4: I'll transition into my next name, which is Quantum Computing. 42 00:01:58,400 --> 00:02:01,640 Speaker 4: Your taker is q e b T. It's up about 43 00:02:01,680 --> 00:02:06,280 Speaker 4: twelve percent the company reported here income I will highlight 44 00:02:06,600 --> 00:02:09,639 Speaker 4: versus a loss in the quarter last year ago, revenues 45 00:02:09,720 --> 00:02:12,320 Speaker 4: rows more than two hundred percent here, and they've also 46 00:02:12,400 --> 00:02:16,560 Speaker 4: built a solid liquid position between cash and a recent 47 00:02:16,800 --> 00:02:20,079 Speaker 4: stock offering. And this caught my attention because this is 48 00:02:20,160 --> 00:02:22,840 Speaker 4: part of the speculative basket that I just referred to 49 00:02:23,120 --> 00:02:26,679 Speaker 4: on AI stock that have just you know, surged this 50 00:02:26,840 --> 00:02:31,080 Speaker 4: year on high momentum place and high hopes on AI 51 00:02:31,760 --> 00:02:34,680 Speaker 4: and then this stock went to fall and it's actually 52 00:02:34,720 --> 00:02:38,120 Speaker 4: down about thirty percent year to date. And this is 53 00:02:38,160 --> 00:02:41,480 Speaker 4: where fundamentals come in and you know, putting a floor 54 00:02:41,600 --> 00:02:43,920 Speaker 4: under this name. So it is reassuring to see that 55 00:02:44,000 --> 00:02:48,400 Speaker 4: fundamentals are just to find some of those equity moves, 56 00:02:48,919 --> 00:02:52,080 Speaker 4: although obviously not the extent of the moves that we 57 00:02:52,160 --> 00:02:53,440 Speaker 4: have seen earlier this year. 58 00:02:53,840 --> 00:02:56,400 Speaker 1: All right, let's move away from tech and the innovation 59 00:02:57,000 --> 00:03:01,480 Speaker 1: that's taking place in that sector and towards Johnson and Johnson. 60 00:03:01,080 --> 00:03:04,160 Speaker 4: And Johnson shares are hired by about one point four 61 00:03:04,200 --> 00:03:07,080 Speaker 4: percent your tickers J and J. The company has agreed 62 00:03:07,120 --> 00:03:10,160 Speaker 4: to buy the cancer treatment biotech how That Therapeutics for 63 00:03:10,200 --> 00:03:13,280 Speaker 4: about three billion dollars. This is part of a strategy 64 00:03:13,320 --> 00:03:17,520 Speaker 4: to cope with eroading sales for its major crisis drug, Stellara, 65 00:03:17,600 --> 00:03:22,079 Speaker 4: which is now facing competition after key patents expire. Obviously, 66 00:03:22,120 --> 00:03:26,240 Speaker 4: this is a big problem for all these pharma companies. Always, 67 00:03:26,240 --> 00:03:28,760 Speaker 4: when your patents expire, you see competition. You need to 68 00:03:28,800 --> 00:03:31,320 Speaker 4: look for the next big thing. This transaction is the 69 00:03:31,400 --> 00:03:33,680 Speaker 4: latest in a spate of deals in the pharma industry 70 00:03:33,840 --> 00:03:36,680 Speaker 4: as drug companies look to refuel their pipelines. We saw 71 00:03:36,760 --> 00:03:40,400 Speaker 4: Ffizer beating Nova Noordis in a bidding war for an 72 00:03:40,400 --> 00:03:45,720 Speaker 4: obesity biotech company, and Mark buying flu treatment company Cidara Therapeutics. 73 00:03:45,760 --> 00:03:49,240 Speaker 4: So this deal is just the latest in the latest 74 00:03:49,600 --> 00:03:52,720 Speaker 4: m and A wave amongst the pharma. 75 00:03:52,680 --> 00:03:56,680 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 76 00:03:56,760 --> 00:03:59,360 Speaker 2: us throughout the day for the latest roundup of companies 77 00:03:59,440 --> 00:04:02,520 Speaker 2: making news on Wall Street and for the latest market 78 00:04:02,560 --> 00:04:07,040 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 79 00:04:07,120 --> 00:04:10,600 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 80 00:04:10,680 --> 00:04:12,160 Speaker 2: the Bloomberg Business app.