1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,760 --> 00:00:19,920 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,960 --> 00:00:23,280 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritty Gupta and Kritty. 6 00:00:23,320 --> 00:00:26,560 Speaker 1: We're watching United Health shares on the move after a 7 00:00:26,640 --> 00:00:28,080 Speaker 1: couple of big red headlines. 8 00:00:28,080 --> 00:00:32,000 Speaker 3: Good morning, Good morning, Nathan. United Health a major Doal component, 9 00:00:32,040 --> 00:00:33,519 Speaker 3: of course, a big weight on the S and P 10 00:00:33,600 --> 00:00:36,960 Speaker 3: five hundred as well, really taking a beating this morning. 11 00:00:37,000 --> 00:00:40,040 Speaker 3: I'll start with the headlines that are moving the market. 12 00:00:40,400 --> 00:00:44,320 Speaker 3: They are naming a new CEO, Stephen Helmsley, is replacing 13 00:00:44,320 --> 00:00:47,839 Speaker 3: Andrew Whitty at the head of United Health. At the 14 00:00:47,880 --> 00:00:51,200 Speaker 3: same time, they're saying that they're suspending their twenty twenty 15 00:00:51,240 --> 00:00:55,240 Speaker 3: five outlooks and the expenditures will be higher than anticipated, 16 00:00:55,480 --> 00:00:57,440 Speaker 3: and that they're going to be returning to growth or 17 00:00:57,480 --> 00:01:02,400 Speaker 3: expecting to in twenty six. Now this is quite the 18 00:01:03,120 --> 00:01:06,000 Speaker 3: quite the call out of United Health again. So u 19 00:01:06,120 --> 00:01:08,920 Speaker 3: NH is your ticker this morning. And when we keep 20 00:01:08,920 --> 00:01:10,959 Speaker 3: an eye on stocks like this which tends to move 21 00:01:10,959 --> 00:01:13,480 Speaker 3: the market, it tends to come with their entire sector 22 00:01:13,520 --> 00:01:15,880 Speaker 3: move not today United Health standing out like a sore 23 00:01:15,920 --> 00:01:18,840 Speaker 3: thumb down about seven percent trading at just shif three 24 00:01:18,920 --> 00:01:21,760 Speaker 3: hundred and fifty two dollars a share. It is by 25 00:01:21,800 --> 00:01:25,680 Speaker 3: far your biggest volume mover, both to the upside and 26 00:01:25,760 --> 00:01:28,480 Speaker 3: the downside. So Nathan U NH is the name I 27 00:01:28,480 --> 00:01:33,120 Speaker 3: think to remember today, suspending their guidance, suspending their outlook, 28 00:01:33,280 --> 00:01:36,560 Speaker 3: and talking about a new change in leadership. Let's talk 29 00:01:36,600 --> 00:01:39,080 Speaker 3: about some of the positive movers as well, though, Nathan, 30 00:01:39,360 --> 00:01:42,039 Speaker 3: because this is a broadly up market when you look 31 00:01:42,040 --> 00:01:43,600 Speaker 3: at some of the individual movers, and a lot of 32 00:01:43,640 --> 00:01:45,960 Speaker 3: this might have to do with what's going on right 33 00:01:46,000 --> 00:01:50,080 Speaker 3: here in this side of the Atlantic and specifically in 34 00:01:50,120 --> 00:01:52,840 Speaker 3: the Middle East. A lot of the tech exposed names 35 00:01:53,080 --> 00:01:56,120 Speaker 3: are catching quite the bid this morning. Some expectations here 36 00:01:56,200 --> 00:01:59,600 Speaker 3: that the Saudis are going to be investing in not 37 00:01:59,640 --> 00:02:02,280 Speaker 3: only a but also getting some more access to the 38 00:02:02,320 --> 00:02:05,200 Speaker 3: chip technology and the chip exports coming out of the 39 00:02:05,280 --> 00:02:07,560 Speaker 3: United States. That is crucial for some of the movers 40 00:02:07,600 --> 00:02:11,320 Speaker 3: this morning, like the like Enn Video and advanced micro devices, 41 00:02:11,360 --> 00:02:14,120 Speaker 3: so quick check on these. AMD is getting one of 42 00:02:14,160 --> 00:02:16,800 Speaker 3: the biggest boosts this morning. Hired by eight tenths of 43 00:02:16,919 --> 00:02:20,000 Speaker 3: one percent, trading at one hundred and eight dollars a share. 44 00:02:20,320 --> 00:02:22,000 Speaker 3: But then you have Nvidia in the green as well, 45 00:02:22,120 --> 00:02:25,440 Speaker 3: not moving in terms of kind of the market change 46 00:02:25,440 --> 00:02:27,440 Speaker 3: by much, only hired by one tenth of one percent, 47 00:02:27,639 --> 00:02:30,000 Speaker 3: but it is seeing a lot of volume, which is 48 00:02:30,040 --> 00:02:32,800 Speaker 3: interesting given that the move is not that large in 49 00:02:32,840 --> 00:02:34,560 Speaker 3: the pre market. So really keep an eye on this one. 50 00:02:34,560 --> 00:02:36,640 Speaker 3: It might be some option stories that are showing up 51 00:02:36,680 --> 00:02:39,760 Speaker 3: in the background. MVDA training at one hundred and twenty 52 00:02:39,840 --> 00:02:42,680 Speaker 3: three dollars a share, Nathan, I want to switch from 53 00:02:42,680 --> 00:02:45,480 Speaker 3: the technology space to the shipping space if I can 54 00:02:45,760 --> 00:02:48,080 Speaker 3: and talk about FedEx. Now, this is a company that 55 00:02:48,120 --> 00:02:51,280 Speaker 3: I am a little obsessed with, I will admit, and 56 00:02:51,680 --> 00:02:53,160 Speaker 3: it's a shame I have been able to talk about 57 00:02:53,200 --> 00:02:55,880 Speaker 3: it for too long. But FedEx starting to indicate higher 58 00:02:55,919 --> 00:02:58,320 Speaker 3: this morning by to the tune about five tenths of 59 00:02:58,360 --> 00:03:01,000 Speaker 3: one percent. It looks like we're getting a new customer, 60 00:03:01,080 --> 00:03:04,639 Speaker 3: and that's from Amazon. This is a really important story 61 00:03:04,680 --> 00:03:07,799 Speaker 3: for the shipping in the logistics space because Amazon always 62 00:03:07,960 --> 00:03:10,959 Speaker 3: used ups. They have their own logistics division. UPS would 63 00:03:10,960 --> 00:03:15,000 Speaker 3: handle the spillover. FedEx's big client was the US Postal Service, 64 00:03:15,040 --> 00:03:18,600 Speaker 3: which has also recently dropped FedEx in terms of pulling 65 00:03:18,639 --> 00:03:21,120 Speaker 3: back on some of that volume. So this partnership is 66 00:03:21,200 --> 00:03:23,680 Speaker 3: kind of a mash made in heaven because Amazon was 67 00:03:23,680 --> 00:03:27,200 Speaker 3: missing out from that ups partnership, FedEx was losing the USPS, 68 00:03:27,480 --> 00:03:30,600 Speaker 3: and now they are working together here and that is 69 00:03:30,600 --> 00:03:32,799 Speaker 3: moving FedEx share to the upside. 70 00:03:33,200 --> 00:03:37,360 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 71 00:03:37,440 --> 00:03:40,200 Speaker 2: us throughout the day for the latest roundup of companies 72 00:03:40,240 --> 00:03:43,280 Speaker 2: making news on Wall Street and for the latest market 73 00:03:43,320 --> 00:03:47,640 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 74 00:03:47,720 --> 00:03:50,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 75 00:03:51,040 --> 00:03:52,520 Speaker 2: the Bloomberg Business app.