1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios podcasts, radio news. The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,080 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:17,599 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,880 --> 00:00:19,400 Speaker 2: Time to take a look at some of the stocks 5 00:00:19,400 --> 00:00:20,360 Speaker 2: that are on the move today. 6 00:00:20,400 --> 00:00:23,560 Speaker 3: We are joined by Bloomberg's Gretty Goop to take a 7 00:00:23,560 --> 00:00:25,000 Speaker 3: look at chips this morning. 8 00:00:25,640 --> 00:00:26,720 Speaker 2: Let's do it. Good morning. 9 00:00:26,920 --> 00:00:29,159 Speaker 3: We are seeing a giant bounce when it comes to 10 00:00:29,200 --> 00:00:31,320 Speaker 3: the chip sector. Got so excited there, got a little 11 00:00:31,320 --> 00:00:34,239 Speaker 3: too excited there, And I think that's what everyone's kind 12 00:00:34,240 --> 00:00:36,800 Speaker 3: of reaction function is right now, is that be cautious 13 00:00:36,920 --> 00:00:38,880 Speaker 3: of this bounce. I'll give you the ball in the 14 00:00:38,880 --> 00:00:41,040 Speaker 3: barecase and some of these tickers. I'll start with the tickers. 15 00:00:41,040 --> 00:00:44,519 Speaker 3: Intel is soaring this morning. I NTC when your biggest 16 00:00:44,520 --> 00:00:46,880 Speaker 3: heavy volume movers to the upside, Hire by four point 17 00:00:46,920 --> 00:00:49,600 Speaker 3: four percent trading it just shive twenty one dollars a share. 18 00:00:49,680 --> 00:00:52,200 Speaker 3: Micron right on its heels, hired by about four point 19 00:00:52,240 --> 00:00:53,800 Speaker 3: three percent, trading at seventy. 20 00:00:53,479 --> 00:00:55,760 Speaker 2: Two dollars a share. And it's not alone. 21 00:00:55,800 --> 00:00:58,800 Speaker 3: A lot of those chip exposed companies are rallying as well. 22 00:00:58,800 --> 00:01:00,520 Speaker 3: So Dell's at the top of this let's d e 23 00:01:00,760 --> 00:01:03,840 Speaker 3: l hire by four point eight percent. As of course, 24 00:01:03,880 --> 00:01:07,880 Speaker 3: this tariff exemption includes consumer electronics, a Dell's poised to 25 00:01:08,040 --> 00:01:10,120 Speaker 3: benefit from that as is. Apple, by the way, was 26 00:01:10,200 --> 00:01:13,480 Speaker 3: higher overwrite over six percent earlier in the pre market session, 27 00:01:13,520 --> 00:01:16,560 Speaker 3: now higher by only four and a half percent. I say, 28 00:01:16,560 --> 00:01:19,160 Speaker 3: only with the giant grain Assault trading at two hundred 29 00:01:19,160 --> 00:01:20,520 Speaker 3: and seven dollars a share. 30 00:01:20,600 --> 00:01:22,600 Speaker 2: AAPL is your ticker. 31 00:01:22,600 --> 00:01:25,440 Speaker 3: There are a couple of reasons for all of this, though, Yes, 32 00:01:25,480 --> 00:01:28,120 Speaker 3: a tariff exemption has come and has been kind of 33 00:01:28,160 --> 00:01:31,080 Speaker 3: digested through this market. The bullcase here being that nothing 34 00:01:31,120 --> 00:01:33,480 Speaker 3: could possibly be as bad as the one hundred and 35 00:01:33,480 --> 00:01:36,800 Speaker 3: forty five percent effective rate that was being applied to 36 00:01:36,840 --> 00:01:39,040 Speaker 3: some of these tech stocks. So anything lower than that 37 00:01:39,319 --> 00:01:41,280 Speaker 3: increases the likelihood of some of these companies to be 38 00:01:41,280 --> 00:01:41,919 Speaker 3: able to kind. 39 00:01:41,800 --> 00:01:43,679 Speaker 2: Of digest it and price it in. 40 00:01:43,760 --> 00:01:45,120 Speaker 3: It is of course going to create some sort of 41 00:01:45,160 --> 00:01:48,200 Speaker 3: pain in the stock market, but perhaps not as badly. 42 00:01:48,240 --> 00:01:52,600 Speaker 3: And just a fun fact there john that the iPhone 43 00:01:52,920 --> 00:01:56,080 Speaker 3: margin and profit margins are at forty three percent, So 44 00:01:56,120 --> 00:01:58,760 Speaker 3: the lower this tariff rate means, the more likelihood the 45 00:01:58,760 --> 00:02:02,560 Speaker 3: Apple can actually survive the price it accordingly and come 46 00:02:02,600 --> 00:02:06,400 Speaker 3: out a less scathe than before. At least that's the 47 00:02:06,400 --> 00:02:09,280 Speaker 3: bold caase that the kind of bare case is simply 48 00:02:09,320 --> 00:02:11,760 Speaker 3: that this is not peak and certainty it is going 49 00:02:11,800 --> 00:02:14,400 Speaker 3: to get worse, and therefore people reversing some of the 50 00:02:14,400 --> 00:02:16,800 Speaker 3: losses that you've seen. So those are your tech names 51 00:02:17,320 --> 00:02:19,120 Speaker 3: that have been moving this market. I want to bring 52 00:02:19,200 --> 00:02:21,799 Speaker 3: to your attention one the kind of main or on 53 00:02:21,880 --> 00:02:24,480 Speaker 3: the only I should say downside movers this morning, and 54 00:02:24,480 --> 00:02:28,320 Speaker 3: that's Pfizer. PFE is your ticker this morning, it looks 55 00:02:28,360 --> 00:02:31,840 Speaker 3: like they're pulling the plug on their obesity drug, a 56 00:02:31,880 --> 00:02:35,480 Speaker 3: weight loss drug. They're citing safety concerns as well, and 57 00:02:35,560 --> 00:02:37,880 Speaker 3: so you had to see a pretty decent move earlier 58 00:02:37,880 --> 00:02:40,639 Speaker 3: in the session to that tune. PFE is your ticker. 59 00:02:40,760 --> 00:02:43,680 Speaker 3: Shares were down almost two percent. Look at the pair 60 00:02:43,760 --> 00:02:46,120 Speaker 3: to some of those losses now up by one point 61 00:02:46,160 --> 00:02:48,840 Speaker 3: two percent, in line with the broader market rally. But 62 00:02:48,880 --> 00:02:51,280 Speaker 3: again keep an eye on this because the stock is 63 00:02:52,240 --> 00:02:54,320 Speaker 3: moving around quite a bit. I'll give you one more 64 00:02:54,360 --> 00:02:57,960 Speaker 3: downside mover if I can just keep the healthy amount 65 00:02:58,000 --> 00:02:59,840 Speaker 3: of doom and gloom, and those are. 66 00:02:59,720 --> 00:03:00,520 Speaker 2: Comm hash shares. 67 00:03:00,520 --> 00:03:03,320 Speaker 3: This is coming off of a Wells Fargo cut now 68 00:03:03,360 --> 00:03:05,679 Speaker 3: cutting the stock to an underweight a price target of 69 00:03:05,720 --> 00:03:07,960 Speaker 3: thirty one dollars a share. It's currently trading at thirty 70 00:03:07,960 --> 00:03:09,880 Speaker 3: three dollars a share, down about one point four percent. 71 00:03:10,160 --> 00:03:12,079 Speaker 2: CMCSA is your ticker. 72 00:03:13,240 --> 00:03:17,360 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 73 00:03:17,440 --> 00:03:20,200 Speaker 1: us throughout the day for the latest roundup of companies 74 00:03:20,240 --> 00:03:23,320 Speaker 1: making news on Wall Street and for the latest market 75 00:03:23,320 --> 00:03:27,720 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 76 00:03:27,760 --> 00:03:31,000 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 77 00:03:31,040 --> 00:03:32,520 Speaker 1: the Bloomberg Business app.