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.
Speaker 1: I'm Carol Masser along with Jess Metton. Let's get to
Speaker 1: some stock movers this past week. We know the market's
Speaker 1: overall having a good week, a more bullish week, but
Speaker 1: let's get to some of the stocks on the move.
Speaker 1: Bloomberg News Equities reporter Carmen Ronicky with our stock movers
Speaker 1: for the week. Where shall we start?
Speaker 3: Yeah, I mean, let's start with Apple. I think this
Speaker 3: is one of the biggest stories of the week. Ticker
Speaker 3: AAPL shares are up thirteen percent this week, which is
Speaker 3: the best weekly performance since July twenty twenty for Apple.
Speaker 3: That's just amazing, really amazing. So what powered it this
Speaker 3: week is that President Donald Trump announced Apple plans to
Speaker 3: spend an additional one hundred billion on domestic manufacturing in
Speaker 3: a bid to avoid some of the tariffs, which has
Speaker 3: been an overhang to the shares, along as sort of
Speaker 3: you know, investors wanting more information about their artificial intelligence plans.
Speaker 3: I think this is really interesting because one of the
Speaker 3: things I've sort of been thinking about with all the
Speaker 3: trade war stuff is that Apple had an exemption the
Speaker 3: last time around, and that was something that really benefited
Speaker 3: the company and the stock. So we're maybe starting to
Speaker 3: see a little bit more of you know, Apple picking up,
Speaker 3: getting some movement back in the shares. It's been a
Speaker 3: laggard this year. It's liked both its mag seven peers
Speaker 3: and the market overall.
Speaker 1: Still down percent year today, even with that bump up.
Speaker 3: Yeah, I was gonna say, on the flip side of things,
Speaker 3: Eli Lily, what a brutal week. Oh my goodness. Yeah,
Speaker 3: So Eli Lily ticker l Y shares are down eighteen
Speaker 3: percent this week. This is the worst week for the
Speaker 3: company since two thousand and eight.
Speaker 2: That's bad.
Speaker 1: I mean, I said, yeah, that was a dramatic pause.
Speaker 1: It wants a dramatic pot.
Speaker 3: You have to double check because you look at it
Speaker 3: and you're like, wow, nineteen percent wors week since December
Speaker 3: two thousand and eight.
Speaker 2: I that is pretty rough.
Speaker 3: I did have to double check this one. But yeah,
Speaker 3: So what investors are reacting to here is disappointing data
Speaker 3: on Eli Lilly's weight loss pill. Obviously, the GLP ones,
Speaker 3: the weight loss drugs have been a huge thing that
Speaker 3: have lifted Eli Lilies shares. It's sort of been the
Speaker 3: leader in this market that's supposed to be ninety five
Speaker 3: billion by twenty thirty and this pill, you know, which
Speaker 3: is sort of the next step from right now it's
Speaker 3: an injectible, right was really the next step. And so
Speaker 3: basically it showed lower weight loss and higher rates of
Speaker 3: some of the side effects that people don't want, like
Speaker 3: nausea then anticipated, and so that really overshadowed what was
Speaker 3: otherwise pretty solid results from the company in the last
Speaker 3: quarter and actually also boosted shares of Novo Nordisk, one
Speaker 3: of the competitors in the space.
Speaker 1: When I do the last one with.
Speaker 2: Her, yeah, I mean I think the worst for.
Speaker 3: On Friday, true disk. Yes, we really couldn't, you know,
Speaker 3: end this week without talking about trade dusk to TTD.
Speaker 3: So shares were down thirty nine percent just today, which
Speaker 3: was a record drop that pushed the total weekly drop
Speaker 3: also to a record, the worst since twenty sixteen for
Speaker 3: the company. Basically, what happened is the company reported results
Speaker 3: results in a forecast that sort of failed to impress
Speaker 3: Wall Street analysts. But really what they're they're latching onto
Speaker 3: is a worry about competition from Amazon. Basically, they're just
Speaker 3: they're worrying that, you know, they're not sort of addressing
Speaker 3: this competition. And I think one of the things that really,
Speaker 3: you know, kept this rally going was that an analyst
Speaker 3: asked the CEO about competition from Amazon on the call,
Speaker 3: and he kind of dismissed it and said, you know,
Speaker 3: walled gardens, Amazon or Goole are best suited to buy
Speaker 3: their own inventory with their own data, and so anamals
Speaker 3: are just really worried about that.
Speaker 2: Some good stocks the Stock Movers Report from Bloomberg Radio.
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Speaker 2: roundup of companies making news on Wall Street and for
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