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 --> 00:00:17,160 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,200 --> 00:00:20,360 Speaker 3: I'm Jim Standbeck along with Emily Grafail. Let's take a 5 00:00:20,360 --> 00:00:22,200 Speaker 3: look at some stocks that are on the move today 6 00:00:22,239 --> 00:00:25,480 Speaker 3: with us is, Managing editor for Bloomberg Markets, Christina Quino. 7 00:00:25,600 --> 00:00:26,360 Speaker 3: What's on your radar? 8 00:00:26,560 --> 00:00:29,040 Speaker 1: Definitely BROADCLM TIM because we know that that's going to 9 00:00:29,040 --> 00:00:32,040 Speaker 1: be reporting later this week and looks like investors have 10 00:00:32,120 --> 00:00:34,440 Speaker 1: a pretty optimistic view right The stock is currently up 11 00:00:34,479 --> 00:00:37,560 Speaker 1: more than three percent at the moment. We have some 12 00:00:37,840 --> 00:00:40,680 Speaker 1: previews from Bloomberg Intelligence analysts saying that the company may 13 00:00:40,760 --> 00:00:44,360 Speaker 1: post slightly better results in third quarter guidance because of 14 00:00:44,479 --> 00:00:48,080 Speaker 1: the strength in its AI offering. Key points to focus 15 00:00:48,120 --> 00:00:52,160 Speaker 1: will be any programs related to its application specific integrated circuits, 16 00:00:52,200 --> 00:00:56,400 Speaker 1: and of course it's AI networking capabilities. The warning though, 17 00:00:56,600 --> 00:01:00,320 Speaker 1: is that the company may face gross margin pressure it 18 00:01:00,600 --> 00:01:04,120 Speaker 1: ramps up its ACEY capabilities, but that could be mitigated 19 00:01:04,160 --> 00:01:06,200 Speaker 1: by other gains elsewhere, so we'll keep an eye on 20 00:01:06,200 --> 00:01:06,920 Speaker 1: that later this week. 21 00:01:07,040 --> 00:01:09,440 Speaker 2: Yeah, a lot of folks on the AI still and 22 00:01:09,480 --> 00:01:10,760 Speaker 2: we're like months. 23 00:01:10,440 --> 00:01:13,240 Speaker 3: In We did speak to Jay Goldberg at Seaport last week. 24 00:01:13,280 --> 00:01:15,559 Speaker 3: He was the only guy, or he's the only person 25 00:01:15,600 --> 00:01:17,800 Speaker 3: on the street that has a cell rating on Nvidia, 26 00:01:18,360 --> 00:01:21,479 Speaker 3: and he said he would rather see money go into 27 00:01:21,959 --> 00:01:24,840 Speaker 3: Broadcom than in video. He sees more of an opportunity there. 28 00:01:24,959 --> 00:01:27,319 Speaker 1: Yeah, probably because of the value proposition, right, I mean, 29 00:01:27,360 --> 00:01:32,080 Speaker 1: definitely people have put forward Broadcom a potentially cheaper alternative 30 00:01:32,280 --> 00:01:34,720 Speaker 1: on the AI play, but you still are a very 31 00:01:34,800 --> 00:01:36,000 Speaker 1: much front and center of that theme. 32 00:01:36,080 --> 00:01:39,720 Speaker 3: I should know he does have a by rating on Broadcom. Okay, 33 00:01:40,080 --> 00:01:42,000 Speaker 3: Broadcom on your radar? What else? 34 00:01:42,400 --> 00:01:45,240 Speaker 1: Looking at Moderna as well? Tim? I mean, we did 35 00:01:45,280 --> 00:01:48,760 Speaker 1: get that FDA approval for its second gen COVID vaccine. 36 00:01:48,880 --> 00:01:51,560 Speaker 1: The stock, though earlier was more than three percent, but 37 00:01:51,720 --> 00:01:54,160 Speaker 1: now up less than half a percent at the moment 38 00:01:54,160 --> 00:01:57,200 Speaker 1: because there is a lot of kind of caveats related 39 00:01:57,240 --> 00:01:59,760 Speaker 1: to that. Right, the vaccine will be for all adults 40 00:01:59,760 --> 00:02:02,320 Speaker 1: over sixty five and anyone over twelve who has at 41 00:02:02,400 --> 00:02:06,440 Speaker 1: least one risk factor. Some analysts are divided over this, right, 42 00:02:06,520 --> 00:02:09,520 Speaker 1: Barclay saying that the one time approval definitely removes a 43 00:02:09,560 --> 00:02:13,119 Speaker 1: major overhand to a stock, But then those William Blair 44 00:02:13,200 --> 00:02:15,880 Speaker 1: saying that it's only really an incremental victory given the 45 00:02:15,960 --> 00:02:19,520 Speaker 1: views that are very public of Health and Human Services 46 00:02:19,520 --> 00:02:22,200 Speaker 1: Secretary Robert F. Kennedy, and you know what we know 47 00:02:22,280 --> 00:02:23,639 Speaker 1: about his views on vaccines. 48 00:02:23,680 --> 00:02:27,680 Speaker 2: So, okay, we have another stocks It's in the. 49 00:02:27,600 --> 00:02:31,320 Speaker 1: Red, but not very much change, that's right. Yeah, that 50 00:02:31,560 --> 00:02:35,240 Speaker 1: is Walt Disney tour Diis. That's down just two tens 51 00:02:35,200 --> 00:02:37,200 Speaker 1: to one percent at the moment. So it's mostly in 52 00:02:37,200 --> 00:02:40,520 Speaker 1: the news because of this continuation of layoffs, right, So 53 00:02:40,560 --> 00:02:42,160 Speaker 1: the latest is that they're going to be laying off 54 00:02:42,200 --> 00:02:45,800 Speaker 1: several hundred employees now in its film and TV businesses. 55 00:02:46,120 --> 00:02:50,320 Speaker 1: Remember that they did this across their ABC outlet and 56 00:02:50,360 --> 00:02:53,600 Speaker 1: their entertainment TV networks in March, and so in total 57 00:02:53,800 --> 00:02:57,680 Speaker 1: they've eliminated more than eight thousand positions in recent years. 58 00:02:57,800 --> 00:03:00,079 Speaker 1: I mean, that cost cutting effort, you'd think would be 59 00:03:00,120 --> 00:03:03,200 Speaker 1: a positive for investors, but I suppose the negative press 60 00:03:03,240 --> 00:03:07,120 Speaker 1: that comes with it and the potential costs of managing 61 00:03:07,200 --> 00:03:10,239 Speaker 1: all those people out would be a potential counterway to 62 00:03:10,320 --> 00:03:10,600 Speaker 1: all of that. 63 00:03:12,000 --> 00:03:16,120 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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