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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,560 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,600 --> 00:00:20,720 Speaker 3: the move today. I'm Paul Swinging with Isabelle Lee and 6 00:00:20,760 --> 00:00:24,160 Speaker 3: we're joined by Bloomberg's Christine. What are you looking at today? 7 00:00:24,520 --> 00:00:26,599 Speaker 1: Have to look at United Health, Paul. I mean, that 8 00:00:26,800 --> 00:00:29,520 Speaker 1: is the worst performer because of a Wall Street Journal 9 00:00:29,560 --> 00:00:33,239 Speaker 1: report of that the company is apparently under investigation for 10 00:00:33,400 --> 00:00:36,680 Speaker 1: possible Medicare fraud. Now, the company did push back. They 11 00:00:36,720 --> 00:00:39,040 Speaker 1: said in a statement on Wednesday that the Department of 12 00:00:39,120 --> 00:00:42,960 Speaker 1: Justice had not notified them about the reported investigation. But 13 00:00:43,040 --> 00:00:45,600 Speaker 1: remember it's been a tough week already for United Health, 14 00:00:45,640 --> 00:00:47,920 Speaker 1: so this is even more bad news for the company. 15 00:00:48,000 --> 00:00:51,080 Speaker 1: Just on Tuesday, it's at more than seventeen percent because 16 00:00:51,120 --> 00:00:54,720 Speaker 1: the company abruptly replaced its CEO and suspended its twenty 17 00:00:54,760 --> 00:00:57,000 Speaker 1: twenty five guidance. And now we have a report with 18 00:00:57,000 --> 00:00:59,760 Speaker 1: this investigation. Shared her down for eight straight days, which 19 00:00:59,760 --> 00:01:01,920 Speaker 1: is the longest streets since March twenty twenty four. 20 00:01:02,400 --> 00:01:02,760 Speaker 2: Wow. 21 00:01:03,000 --> 00:01:06,479 Speaker 1: What about Cisco? They gave a solid forecast for their revenue. 22 00:01:06,600 --> 00:01:10,440 Speaker 1: That's why Isabelle Cisco is a positive news story this morning. 23 00:01:10,440 --> 00:01:13,199 Speaker 1: We're seeing shares now extending those opening gains up six 24 00:01:13,319 --> 00:01:17,319 Speaker 1: percent higher or more actually, and that's because of their 25 00:01:17,360 --> 00:01:20,720 Speaker 1: solid forecast for a quarter that is slightly exceeding analyst 26 00:01:20,760 --> 00:01:25,040 Speaker 1: expectations according to Bloomberry estimates. And they're also getting a 27 00:01:25,040 --> 00:01:29,080 Speaker 1: boost from corporations and cloud computing providers that have expanded 28 00:01:29,080 --> 00:01:31,440 Speaker 1: their networks are in the process of doing so. So 29 00:01:31,520 --> 00:01:34,480 Speaker 1: that is an indication that Cisco is still benefiting from 30 00:01:34,480 --> 00:01:37,480 Speaker 1: that AI play. Even though some companies and data center 31 00:01:37,520 --> 00:01:40,480 Speaker 1: operators maybe pairingbacks and projects. You know, Cisco is still 32 00:01:40,480 --> 00:01:43,119 Speaker 1: at the forefront of being a beneficiary of that. 33 00:01:43,280 --> 00:01:45,240 Speaker 3: I mean mark tap of two hundred and fifty five 34 00:01:45,240 --> 00:01:47,680 Speaker 3: billion dollars. I forget just how big Cisco is stocks 35 00:01:47,760 --> 00:01:50,760 Speaker 3: up five percent today, it's up nine percent this year 36 00:01:50,840 --> 00:01:53,240 Speaker 3: and on a trailing twelve basis up to thirty percent. 37 00:01:53,320 --> 00:01:55,400 Speaker 3: So it's getting a little bit of that AI love. 38 00:01:55,440 --> 00:01:58,360 Speaker 1: It feels like, yeah, exactly, and a good expansion as 39 00:01:58,360 --> 00:02:01,240 Speaker 1: well from your typical AI names, right, And that shows 40 00:02:01,240 --> 00:02:04,200 Speaker 1: you as well how this AI trade is rotating away 41 00:02:04,280 --> 00:02:07,600 Speaker 1: from the chip providers and the chip makers to now 42 00:02:07,800 --> 00:02:10,679 Speaker 1: kind of the periphery companies that are benefiting from other 43 00:02:10,720 --> 00:02:12,799 Speaker 1: aspects of this, such as the data center story. 44 00:02:13,000 --> 00:02:15,400 Speaker 3: I think about twenty twenty three, twenty twenty four, all 45 00:02:15,440 --> 00:02:18,239 Speaker 3: we talked about in the markets, it seems like was 46 00:02:18,320 --> 00:02:22,160 Speaker 3: AI and then teriffs came, and I feel like we 47 00:02:22,240 --> 00:02:24,320 Speaker 3: haven't talked to that AI really for the last four 48 00:02:24,400 --> 00:02:26,799 Speaker 3: or five months. But it's still a story out there. 49 00:02:26,840 --> 00:02:30,080 Speaker 3: And of course we'll have Nvidia reporting next week. Now 50 00:02:30,080 --> 00:02:33,160 Speaker 3: I'll bring it right back to the front burner. Walmart, 51 00:02:33,160 --> 00:02:34,560 Speaker 3: what's happening in Arkansas? 52 00:02:34,639 --> 00:02:37,440 Speaker 1: Well, speaking of all we talked about is terroriffs, I'm 53 00:02:37,680 --> 00:02:40,959 Speaker 1: very much related story there are Walmart down the three 54 00:02:40,960 --> 00:02:42,960 Speaker 1: percent at the moment, so pairing some of those opening 55 00:02:43,040 --> 00:02:46,880 Speaker 1: losses there, we did get another solid quarter of sales 56 00:02:46,919 --> 00:02:50,040 Speaker 1: and earnings growth, But it really is the company's outlook 57 00:02:50,240 --> 00:02:53,480 Speaker 1: that is shaking up the investor sentiment. They are cautioning 58 00:02:53,520 --> 00:02:57,400 Speaker 1: that tariffs increasing economic turbulence means that it is expecting 59 00:02:57,440 --> 00:03:01,280 Speaker 1: to raise prices, according to chief financial officer John David Rainey, 60 00:03:01,800 --> 00:03:05,080 Speaker 1: saying that if you've not already seen it, pars hikes 61 00:03:05,120 --> 00:03:07,840 Speaker 1: will happen in May, and then it will become more pronounced. 62 00:03:07,880 --> 00:03:10,120 Speaker 1: And so keep in mind, of course, Walmart is just 63 00:03:10,160 --> 00:03:13,119 Speaker 1: the opening salvo for retailers in the US. We have Home, 64 00:03:13,160 --> 00:03:16,480 Speaker 1: Depot and Target reporting next week, and so we're in 65 00:03:16,520 --> 00:03:19,040 Speaker 1: the coming weeks, and so that begs the question as well, 66 00:03:19,080 --> 00:03:21,560 Speaker 1: will these same retailers raise their prices as well and 67 00:03:21,600 --> 00:03:23,160 Speaker 1: what would that mean for the American consumer? 68 00:03:24,680 --> 00:03:28,720 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 69 00:03:28,800 --> 00:03:31,359 Speaker 2: us throughout the day for the latest roundup of companies 70 00:03:31,440 --> 00:03:34,519 Speaker 2: making news on Wall Street and for the latest market 71 00:03:34,560 --> 00:03:39,000 Speaker 2: moving headlines. 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