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: I'm Carol Masser, a long with Tims Stank. Let's get
Speaker 3: to some stocks on the move on this Friday for
Speaker 3: the week overall, and with us, of course is Noram Melnda.
Speaker 3: She of course covers the markets for Bloomberg Television. She
Speaker 3: joins us in studio. Good to have you here. Interesting week,
Speaker 3: a lot once again coming out investors. Del Technologies is
Speaker 3: the name that you looked at for the week overall?
Speaker 4: Oh yeah, today the stock surgey for a lot twenty
Speaker 4: two percent over the past five days, seventeen percent of
Speaker 4: that coming from today on Friday alone. So we do
Speaker 4: know that Wells Fargo did boost the stock, their price
Speaker 4: target on the stock to two hundred and seventy dollars
Speaker 4: from one hundred and eighty, and so we did see
Speaker 4: a lot of stocks rallying off of this HPE super
Speaker 4: Micro all this on the idea of its boost to
Speaker 4: AI infrastructure. They see a lot of demand from the
Speaker 4: company in that space. We know that's been a buzzword
Speaker 4: for quite some time. So certainly this is the biggest
Speaker 4: gainer in the Sep five hundred today and the biggest
Speaker 4: gainer on the week.
Speaker 5: I'm just typing in Rich go into the Bloomberg terminal.
Speaker 3: I like, how you do that?
Speaker 5: Yeah?
Speaker 1: Just seeing who how Michael Dell is doing his change
Speaker 1: in net worth in one day, twelve and a half
Speaker 1: billion dollars to the upside.
Speaker 3: All on in a day's work.
Speaker 1: Wow, that's a lot. Okay, one hundred and eighty seven
Speaker 1: billion dollars. He's, according to the Bloomberg Billionaires in dex
Speaker 1: the seventh wealthiest person in the world in fact now
Speaker 1: ahead of Jensen Wong, who is at one seventy eight billion.
Speaker 3: Next week, isn't it that we get earnings from.
Speaker 5: The company exactly well Thursday.
Speaker 3: Yeah, So it'll be interesting to see and certainly the
Speaker 3: AI impact that we see in this company.
Speaker 1: I was gonna say on Monday, Michael Dell sat down
Speaker 1: with Jensen Wong and Ed Ludlow in Las Vegas. If
Speaker 1: you missed that interview, you can check it out on
Speaker 1: the term.
Speaker 5: All right, so let's go.
Speaker 3: To another name that was a big mover on the week.
Speaker 3: We're talking about into.
Speaker 4: It, Yes, so from the biggest gainer to the biggest
Speaker 4: loser into it. Take her I Intu the worst performing
Speaker 4: stock in the S and P five hundred this week,
Speaker 4: shedding nineteen percent. This is after we got news that
Speaker 4: the company was cutting about seventeen percent of its workforce,
Speaker 4: planning to use that money toward, of course, what again,
Speaker 4: artificial intelligence. So we've been seeing this from so many
Speaker 4: different companies. They're trimming that headcount to invest in AI.
Speaker 4: Stock down about fifty two percent year to date. They
Speaker 4: also talked about turbo tax. The sales they're seeing a
Speaker 4: bit of a slowdown. So it's really a company that's
Speaker 4: been struggling this year, but it's not alone because a
Speaker 4: lot of its peers, like Workday salesforce, also struggling this year.
Speaker 1: I could totally see, Look, I don't know if you
Speaker 1: can do this, but I could totally see the AI
Speaker 1: application of doing taxes right, like.
Speaker 5: Hey, I can't. Hey, squad helped me do my taxes? Okay?
Speaker 5: Type and how much money you made blah blah blah.
Speaker 3: I did this this thing? Is it deductible? You know
Speaker 3: you're on my income?
Speaker 5: Like I I just see if it's right. I agree
Speaker 5: with you before you get out of it.
Speaker 3: Well, you could, like you could fill out a form
Speaker 3: of stuff that you would normally do with a different
Speaker 3: right and just and it just figures it all out
Speaker 3: for you. Yeah, it's yeah, there is some that seems
Speaker 3: so right. We off to see see let's talk about Walmart.
Speaker 4: Walmart this ticker WMT. The stock was down about eight
Speaker 4: and a half percent so far this week the week
Speaker 4: now ending. This of course, is due to the Iran
Speaker 4: War pushing up fuel prices. They're saying that this is
Speaker 4: not only weighing on the company itself, but also the
Speaker 4: idea of consumers. More broadly. They've really been leaning into
Speaker 4: having cheaper prices for a lot of their products and
Speaker 4: what not to bring in consumers. But you also have
Speaker 4: competitors like Kroger coming in trying to do the same.
Speaker 4: So it's about whether or not they could actually last
Speaker 4: absorbing all of the cost increases that are coming from
Speaker 4: those fuel price hikes, or whether or not this is
Speaker 4: actually going to eat into margins more broadly.
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