Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol maser Long with Tim Stanbeck. Let's get a
Speaker 3: look at some of the stocks on the move this week.
Speaker 3: Bloomberg News Equities reporter Jordan Fitzgerald is here in our
Speaker 3: Bloomberg Interactive Brokers studio chip names right or related. We
Speaker 3: definitely were watching them this week for sure.
Speaker 4: Something less delacious than the Epstein files, but still interesting.
Speaker 4: So looking at Micron and SanDisk this week, SanDisk number
Speaker 4: one gainer in the S and P five hundred with
Speaker 4: Micron number five.
Speaker 5: I mean, did we talk about this with you? We did?
Speaker 5: We talked about this yesterday.
Speaker 4: We were a little bit baffled for the year, yes
Speaker 4: was up almost should we say, I've check.
Speaker 5: That Carol's going to look.
Speaker 4: No worries and ask ended the week up fifteen percent,
Speaker 4: Micron up about ten percent. And this comes after Micron's
Speaker 4: results earlier this week and kind of shows that this
Speaker 4: memory and storage system and chip space or subsector within
Speaker 4: the AI space is really kind of thriving. A mid
Speaker 4: more ambiguous signals in the rest of that sector.
Speaker 3: It's just, you know, this whole AI story is where
Speaker 3: now we just hit what our third year of talking
Speaker 3: about it. It's interesting how it continues to evolve. Sand
Speaker 3: Disk is up five hundred and sixty percent.
Speaker 5: It was number one.
Speaker 3: Gainer in the S and P five hundred. That's okay,
Speaker 3: there's no Western Digital is number two, three hundred and
Speaker 3: one percent. You mentioned Micron up to almost two hundred
Speaker 3: and sixteen percent. Years there, I got the two Yeah,
Speaker 3: well done, number five top in the S and P
Speaker 3: five hundred.
Speaker 5: Okay, what about review.
Speaker 4: Rivian kind of came in and surprised me this week.
Speaker 4: It wasn't doing so well last week after it had
Speaker 4: this AI and Autonomy Investor day, traders were I think
Speaker 4: they needed a bit of time to metabolize what they'd
Speaker 4: been told. But now they're full ending on Rivian. Rivian
Speaker 4: up twenty two percent this week. That's the best week
Speaker 4: since January July of last year, and closed at a
Speaker 4: record high or sorry, closed at a two year high.
Speaker 4: And Wedbush's dan Ives boosted his price target from twenty
Speaker 4: five from sixteen dollars to twenty five dollars Today and
Speaker 4: this really comes off the back of what they said
Speaker 4: at this Autonomy day last week. This this push into
Speaker 4: building their own AI chips and getting full self driving out.
Speaker 5: And also traders have.
Speaker 4: Really really been looking forward to Rivian dropping VR two.
Speaker 4: It's their mid size suv. It's supposed to be a
Speaker 4: quote unquote cheaper model, and they think it could really
Speaker 4: change the game. There's not really a lot of cheaper
Speaker 4: EV's in the market. Tesla put theirs out earlier this year,
Speaker 4: and the market kind of said that's not actually like
Speaker 4: cheap enough, and so this could really shake up the sector.
Speaker 3: It's up seventy percent, almost seventy percent year yesday.
Speaker 4: Important to say that Tesla also hit a record high
Speaker 4: this week. So lot's going on in the EV space,
Speaker 4: even as EV demand and is allegedly waning in the US.
Speaker 3: I will say, almost seventeen percent of the float is short,
Speaker 3: so the sentiment on that one.
Speaker 5: And they're not profitable yet right now.
Speaker 4: They're still losing a lot of money.
Speaker 3: But that happened sometimes.
Speaker 1: Okay, So we talked about chips earlier across the pond,
Speaker 1: they called French fries chies.
Speaker 5: You love this story.
Speaker 4: It's a great segue.
Speaker 5: Thank you, thank you, that was all for you, Joran.
Speaker 4: Thank you, Lamb Weston frozen potato product brand, So all
Speaker 4: those frozen French fries, frozen tater tots, stuff like that
Speaker 4: dropped twenty six percent for its worst day since July
Speaker 4: of last year. And that's a twenty seventeen low for
Speaker 4: the stock. So it did come in in one of
Speaker 4: the worst performers week over week, but it's really on
Speaker 4: those losses today. After the company reaffirmed its full year guidance,
Speaker 4: investors had been hoping that guidance would come in on
Speaker 4: the top end of that range, but they maintained this
Speaker 4: this broader one.
Speaker 5: You know, this was one of my decliners.
Speaker 1: And I went back and I looked at the chart
Speaker 1: over the last year, and there were all these days
Speaker 1: where they were like precipitous decline yes in the company's
Speaker 1: share price. It just seems very volatile in that sound
Speaker 1: yes and then it goes back up and then a
Speaker 1: precipitously declined it.
Speaker 4: Yeah, it's an interesting chart. And it's also how many
Speaker 4: frozen potato product brands are in the s and P
Speaker 4: five hundred, like they have a I think a six
Speaker 4: billion dollar market cap and they make kind of one
Speaker 4: kind of product. So I think that maybe if there's
Speaker 4: something going on with potatoes, you're really really liable to sway.
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