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. Hey,
Speaker 2: I'm Carol Master along with Tim Stanevik. Let's get to
Speaker 2: some stocks on the move.
Speaker 1: For that, we're joined by Bloomberg TV Markets correspondent Nora Melnda.
Speaker 2: Nora got to talk about Broadcom this week.
Speaker 3: A lot to choose from. Of course, we have to
Speaker 3: start with Broadcom ticker AVGO because essentially the cull forrit
Speaker 3: for why we saw a lot of people selling off
Speaker 3: in the tech space today at the closing bell. But
Speaker 3: we did see this company down about fourteen percent over
Speaker 3: the past five days, up about eleven percent a year
Speaker 3: to date. But the reason that we were seeing the
Speaker 3: weakness over the past couple days is because of its
Speaker 3: forecast for sales of its AI chips, disappointing investors. We
Speaker 3: know that a lot of Wall Street has a high
Speaker 3: bar for names like this, and unfortunately it didn't really
Speaker 3: meet the high end of expectations.
Speaker 1: Here, we should note we're out here San Francisco for
Speaker 1: the Bloomberg Tech sum at. Tom Giles spoke with hot
Speaker 1: Tan the CEO over at Broadcom. If you missed that conversation,
Speaker 1: they definitely talked about the stock sell off, the aihipe cycle,
Speaker 1: and more. That was late yesterday, after the close and
Speaker 1: after those numbers came out and after the selloff. To
Speaker 1: be sure to check that one out on the Bloomberg
Speaker 1: terminal or at Bloomberg dot com. All right, let's go
Speaker 1: from technology and chips to crypto Coinbase. What you watching?
Speaker 3: Well, this, I'm looking at Coinbase taker cooi in. This
Speaker 3: is actually the worst performer in the S and P
Speaker 3: five hundred this week, down nineteen percent. And of course,
Speaker 3: we really are seeing a lot of people fleeing from
Speaker 3: any sort of speculative sector. So when you see any
Speaker 3: sort of risk off momentum in the market, you're certainly
Speaker 3: going to see a lot of people fleeing companies like Coinbase. Also,
Speaker 3: we did have Baird on Wall Street naming the company
Speaker 3: a new bearish pick. They're citing week trading volumes. So
Speaker 3: this is a company that has really seen a lot
Speaker 3: of people leaving its name. This week, the stock is
Speaker 3: down thirty three percent so far in twenty twenty six.
Speaker 1: Wow, okay, that's Coinbase. What about when it comes to
Speaker 1: healthcare today and health insurance. You're watching a big name
Speaker 1: there too.
Speaker 3: Well. I wanted to leave on a bright note. Humana
Speaker 3: Shares Take your hum the best performing stock in the
Speaker 3: S and P five hundred this week, up double digits,
Speaker 3: up fifteen percent this week. Now. This is after the
Speaker 3: company said that it plans to reaffirm and adjusted EPs
Speaker 3: forecast for the full year at meetings between senior management
Speaker 3: and investors. This is all according to a filing we
Speaker 3: see Marclay saying that this is a positive sign that
Speaker 3: favorable MA cost trends half persisted through May, especially as
Speaker 3: we think about significant reductions in terms of twenty twenty
Speaker 3: six downside risk for the company that have emerged in
Speaker 3: the second quarter. So stop doing pretty decently on a
Speaker 3: year to date basis off about thirty seven percent.
Speaker 2: Here this stock mover's report from Bloomberg Radio. Check back
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