WEBVTT - Humana Surges, Telecoms Fall, Apple Drops

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<v Speaker 1>Bloomberg Audio Studios. Podcasts. Radio.

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<v Speaker 2>News.

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<v Speaker 1>The Stock Movers Report. Your roundup of companies making moves

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<v Speaker 1>in the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 1>I'm Carol Messer.

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<v Speaker 3>I just met. Let's get you some stocks on the

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<v Speaker 3>move on this Friday. Back with us, Avalon Purnell. She's

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<v Speaker 3>equities reporter here at Bloomberg News. Good to have you here.

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<v Speaker 3>We got to talk Humana.

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<v Speaker 4>We absolutely do.

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<v Speaker 2>That's ticker HUM.

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<v Speaker 4>It's currently up about 12% most intraday since July, though

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<v Speaker 4>even earlier today we saw as much as 2020. And

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<v Speaker 4>that's after the health insurer received a lot of good

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<v Speaker 4>news in its star ratings from the Centers for Medicare

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<v Speaker 4>and Medicaid Services. For those unfamiliar, high star ratings really

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<v Speaker 4>reward companies that offer high-quality Medicare Advantage plans to those

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<v Speaker 4>who are generally 65 and older, those quality ratings can

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<v Speaker 4>translate into really big bonuses that can be worth billions

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<v Speaker 4>of dollars for companies like Humana. And with Baird upgrading

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<v Speaker 4>the stock and UBS also noting that with their results,

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<v Speaker 4>this looks like this sets the stage for some really

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<v Speaker 4>significant earnings power for Humana in 2028.

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<v Speaker 2>Yeah, it's such a big move. That was something that

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<v Speaker 2>definitely caught our eyes. We're all the same team, all

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<v Speaker 2>the equities call this morning. But wireless carriers, what is

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<v Speaker 2>going on? Because a bunch of them are the top

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<v Speaker 2>decliners today in the market.

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<v Speaker 1>Exactly.

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<v Speaker 4>That's T-Mobile, but also AT &amp; T. That's ticker TMUS

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<v Speaker 4>for AT &amp; T, just ticker T. slumping 12% most

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<v Speaker 4>of today since 2020. And that is after SpaceX said

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<v Speaker 4>it's acquiring a nationwide spectrum license for cell phone service.

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<v Speaker 4>So this deal could actually enable SpaceX to use its

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<v Speaker 4>Starlink satellite services to become a major mobile carrier in

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<v Speaker 4>the US. However, it's still building a service on par

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<v Speaker 4>with companies takes a long time to be on par

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<v Speaker 4>with like T-Mobile and AT &amp; T. This is going

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<v Speaker 4>to take years and an Very massive investment.

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<v Speaker 3>I have to say, we have SpaceX. We use it

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<v Speaker 3>when we're out in the water and stuff. But I've

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<v Speaker 3>said to my husband, it's got to be just a

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<v Speaker 3>matter of time before all of our cell phones, all

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<v Speaker 3>of our telecommunications is off of Starlink. Yeah.

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<v Speaker 2>I mean, Verizon Communications, VZ is the ticker down 10%

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<v Speaker 2>right now. On Peacefort's worst day since July 2002. It's

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<v Speaker 2>a big move.

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<v Speaker 1>Yeah, exactly. Exactly.

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<v Speaker 3>And we're definitely seeing some reaction. We're going to talk

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<v Speaker 3>a little bit more about SpaceX. I feel like every

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<v Speaker 3>day we talk about SpaceX.

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<v Speaker 1>Hey, all right. So let's go. That's T-Mobile.

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<v Speaker 3>Apple, what's going on?

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<v Speaker 4>Yes, that's ticker AAPL. It has pared a little bit,

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<v Speaker 4>but it's currently slipping about eight-tenths of a percentage point.

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<v Speaker 4>And that's after a report that the company cut component

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<v Speaker 4>orders for the iPhone 18 Pro and also iPhone 18

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<v Speaker 4>Pro Max on weaker-than-expected demand. Morgan Stanley highlighting that the

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<v Speaker 4>timing of these orders especially is particularly concerning because it

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<v Speaker 4>means that just three weeks of data has allowed Apple

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<v Speaker 4>to conclude that Their bull case is generally off the table. However,

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<v Speaker 4>Bloomberg Intelligence is also kind of cautioning against that, noting

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<v Speaker 4>that multiple factors could actually contribute, including the rollout of

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<v Speaker 4>the iPhone Duo, which maybe if people are more interested

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<v Speaker 4>in the foldable phone, then maybe they're obviously not going

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<v Speaker 4>to want to get an iPhone 18.

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<v Speaker 1>I told Tim, buy your new phone.

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<v Speaker 2>He has to do it.

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<v Speaker 3>I forget what number, you know, he's a few iterations behind.

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<v Speaker 3>I'm like, just do it. Maybe that would help.

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<v Speaker 2>Yeah, I just got one about a year ago. You did?

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<v Speaker 3>Yeah.

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<v Speaker 1>But not this cycle.

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<v Speaker 2>Not this cycle. It was the prior one, but I

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<v Speaker 2>had the other one for probably four or five years,

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<v Speaker 2>and I was forced. You were forced to do it.

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<v Speaker 1>The Stock Movers Report from Bloomberg Radio. Check back with

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