WEBVTT - Weekly Roundup: Broadcom Sparks Tech Selloff, Coinbase Slips, Humana Advances 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data. Hey,

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<v Speaker 2>I'm Carol Master along with Tim Stanevik. Let's get to

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<v Speaker 2>some stocks on the move.

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<v Speaker 1>For that, we're joined by Bloomberg TV Markets correspondent Nora Melnda.

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<v Speaker 2>Nora got to talk about Broadcom this week.

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<v Speaker 3>A lot to choose from. Of course, we have to

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<v Speaker 3>start with Broadcom ticker AVGO because essentially the cull forrit

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<v Speaker 3>for why we saw a lot of people selling off

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<v Speaker 3>in the tech space today at the closing bell. But

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<v Speaker 3>we did see this company down about fourteen percent over

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<v Speaker 3>the past five days, up about eleven percent a year

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<v Speaker 3>to date. But the reason that we were seeing the

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<v Speaker 3>weakness over the past couple days is because of its

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<v Speaker 3>forecast for sales of its AI chips, disappointing investors. We

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<v Speaker 3>know that a lot of Wall Street has a high

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<v Speaker 3>bar for names like this, and unfortunately it didn't really

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<v Speaker 3>meet the high end of expectations.

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<v Speaker 1>Here, we should note we're out here San Francisco for

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<v Speaker 1>the Bloomberg Tech sum at. Tom Giles spoke with hot

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<v Speaker 1>Tan the CEO over at Broadcom. If you missed that conversation,

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<v Speaker 1>they definitely talked about the stock sell off, the aihipe cycle,

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<v Speaker 1>and more. That was late yesterday, after the close and

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<v Speaker 1>after those numbers came out and after the selloff. To

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<v Speaker 1>be sure to check that one out on the Bloomberg

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<v Speaker 1>terminal or at Bloomberg dot com. All right, let's go

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<v Speaker 1>from technology and chips to crypto Coinbase. What you watching?

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<v Speaker 3>Well, this, I'm looking at Coinbase taker cooi in. This

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<v Speaker 3>is actually the worst performer in the S and P

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<v Speaker 3>five hundred this week, down nineteen percent. And of course,

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<v Speaker 3>we really are seeing a lot of people fleeing from

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<v Speaker 3>any sort of speculative sector. So when you see any

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<v Speaker 3>sort of risk off momentum in the market, you're certainly

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<v Speaker 3>going to see a lot of people fleeing companies like Coinbase. Also,

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<v Speaker 3>we did have Baird on Wall Street naming the company

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<v Speaker 3>a new bearish pick. They're citing week trading volumes. So

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<v Speaker 3>this is a company that has really seen a lot

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<v Speaker 3>of people leaving its name. This week, the stock is

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<v Speaker 3>down thirty three percent so far in twenty twenty six.

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<v Speaker 1>Wow, okay, that's Coinbase. What about when it comes to

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<v Speaker 1>healthcare today and health insurance. You're watching a big name

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<v Speaker 1>there too.

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<v Speaker 3>Well. I wanted to leave on a bright note. Humana

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<v Speaker 3>Shares Take your hum the best performing stock in the

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<v Speaker 3>S and P five hundred this week, up double digits,

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<v Speaker 3>up fifteen percent this week. Now. This is after the

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<v Speaker 3>company said that it plans to reaffirm and adjusted EPs

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<v Speaker 3>forecast for the full year at meetings between senior management

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<v Speaker 3>and investors. This is all according to a filing we

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<v Speaker 3>see Marclay saying that this is a positive sign that

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<v Speaker 3>favorable MA cost trends half persisted through May, especially as

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<v Speaker 3>we think about significant reductions in terms of twenty twenty

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<v Speaker 3>six downside risk for the company that have emerged in

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<v Speaker 3>the second quarter. So stop doing pretty decently on a

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<v Speaker 3>year to date basis off about thirty seven percent.

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<v Speaker 2>Here this stock mover's report from Bloomberg Radio. Check back

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<v Speaker 2>with us throughout the day for the latest roundup of

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<v Speaker 2>companies making news on Wall Street and for the latest

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<v Speaker 2>market moving headlines. Listen to Bloomberg Radio Live, catch us

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