Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greyfell.
Speaker 3: All right, a lot of green on the screen, so
Speaker 3: I had a lot to choose from. So let's go
Speaker 3: to it. Seagate Technology up about five point six percent
Speaker 3: in today's session. Western Digital also higher, up about three percent.
Speaker 3: I bring them two names up. They were outperformers in
Speaker 3: both of the major equity averages. Morgan Stanley raising its
Speaker 3: price target on Seagate, the computer hardware and storage company,
Speaker 3: to five hundred and eighty two a share from four
Speaker 3: hundred and sixty eight. The firm also named Seagate its
Speaker 3: top pick, seeing long term tailwinds related to AI. The
Speaker 3: analyst there citing signs of sustain hyperscaler demand strength, elongating
Speaker 3: customer visibility, firmer pricing into twenty twenty seven, and an
Speaker 3: overall improving HDD and market due to AI related demand.
Speaker 3: They put overweight ratings on both Seagate and Western Morgan,
Speaker 3: recommending adding aggressively to them in periods of market related volatility.
Speaker 3: Morgan also lifting its price target and Western Digital to
Speaker 3: three eighty from three sixty nine. So Sagate up about
Speaker 3: five point six percent. In Western Digital, I gain a
Speaker 3: more than three percent. All right, let's flip it on
Speaker 3: over to app Love and another call from Wall Street.
Speaker 3: This was I believe the number one gator in both
Speaker 3: the S and P and the NASDAQ one hundred. Wells
Speaker 3: Fargo analyst raising the firm's price target on app leven
Speaker 3: to five sixty from five forty three. Is sharestock closed
Speaker 3: at four to twelve and change, so quite a move
Speaker 3: to the upside if it hits those targets. Keeps an
Speaker 3: overweight rating on the shares. The firm says checks are
Speaker 3: improving and buyside sentiment is negative. Wellsee's a positive setup
Speaker 3: into the first quarter earnings per share. Channel checks suggest
Speaker 3: that the first quarter IA industry growth above normal seasonality.
Speaker 3: At loven holding share in Meta Platforms Progress Limited, the
Speaker 3: firms adds a lot of analysts speak there, but anyway,
Speaker 3: our performance there that went up almost seven percent today
Speaker 3: and one last we don't talk about it a lot
Speaker 3: Monolithic power. This went up about five and a half
Speaker 3: percent in today's session. Number four gainer in the S
Speaker 3: and P five hundred reader interest increasing, no real fundamental reason.
Speaker 3: It's a semiconductor device company, Power solutions for industrial, telecom, auto,
Speaker 3: cloud and some more. Up nearly thirty percent yere to date.
Speaker 3: Just kind of wanted to single it out because there
Speaker 3: was a lot of momentum there. So okay, there you
Speaker 3: have it. Okay, you got are you judging over it?
Speaker 3: You know we didn't miss this last week. Tom, what
Speaker 3: do you got?
Speaker 1: All right, I'll jump in here. How's that? Let's start
Speaker 1: with some of the decliners that were notable at least
Speaker 1: to me. Tesla down more than two percent. Interesting note
Speaker 1: coming out from JP Morgan analysts who said investors should
Speaker 1: proceed with caution because the ev makers and danger of
Speaker 1: weaker perfom foremanths cutting earning estimates for the company after
Speaker 1: those first quarter delivery numbers that we got last week
Speaker 1: disappointed investors. JP Morgan lowering its EPs estimate for the
Speaker 1: first quarter to thirty cents from forty three cents and
Speaker 1: its twenty twenty six outlook to a dollar eighty from
Speaker 1: two dollars. Also, its twenty twenty seven forecast came down
Speaker 1: as well. But this is my favorite one of decliners.
Speaker 4: Let's see it.
Speaker 1: This is for Isabelle Invesco. Look at this IVZ.
Speaker 4: Okay, Yeah, that was big news. Written by Katie Grandfel.
Speaker 1: This is huge news. Down five percent today. The company
Speaker 1: is going after the NASDAQ one hundred the ques the
Speaker 1: I shares NASDAQ one hundred ETF. It would trade under
Speaker 1: the ticker IQQ. If it does launch, it would become
Speaker 1: one of just a handful of US listed ETFs to
Speaker 1: solely track the Nasdaq wander. It would be the first
Speaker 1: one to not be managed by Investco Isabell. Why would
Speaker 1: this Why did this take so long? Like why isn't
Speaker 1: there more competition for QQQ?
Speaker 4: I think Invesco had the license for the longest time,
Speaker 4: and now I think maybe they trust Blackrock and they said, sure,
Speaker 4: you can do it. But I think the big story
Speaker 4: here is Invesco said they're creating a foundational ETF ecosystem
Speaker 4: that does not happen overnight, and there was only one QQQ.
Speaker 4: That's what Invesco said, And again it's written by Katie Granfeld.
Speaker 4: I thought it was a really sassy and good response.
Speaker 1: Right, she's not working, but she's I guess she's working.
Speaker 1: She's on assignment chairs for Invesco. Shares down more than
Speaker 1: five percent. Finally watching what happened with shares of Oracle today.
Speaker 1: Some personnel changes at the company. Hillary Maxon will be
Speaker 1: at CFO. It'll help navigate, She'll help navigate massive data
Speaker 1: center development plans and an accompanying cash crunch. Oracle pouring
Speaker 1: tens of billions of dollars into building AI infrastructure that's
Speaker 1: required unprecedented financial maneuvering. It's projective result of the company
Speaker 1: being free cashual and negative all the way to twenty thirty.
Speaker 1: Shares were down much of the day, then went you know,
Speaker 1: into the grain, very, ever so slightly, but still finishing
Speaker 1: the day down six tenths of one percent.
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