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 3: I'm Tim Stadaveeck along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move this week. We're
Speaker 3: joined by Bloomberg Television Markets correspondent Nora, Melinda Nora. Where
Speaker 3: are we going to start?
Speaker 4: Well, an interesting one that was the biggest loser in
Speaker 4: the SP five hundred this week is actually a name
Speaker 4: that plunged today on Friday. So super micro Computer that's
Speaker 4: ticker SMCI the biggest decliner in the s top five
Speaker 4: hundred over the past five days, stalk down about thirty
Speaker 4: three percent over that period. Much of that we know
Speaker 4: coming from the performance today. This is after the US
Speaker 4: charged a co founder with illegally diverting billions of dollars
Speaker 4: in Nvidia powered servers to China. We also know that
Speaker 4: those that were in question, we did have someone that
Speaker 4: did step down today that we did get some news
Speaker 4: coming out very recent but essentially the idea is that
Speaker 4: they allegedly sold the hardware to an unnamed Southeast Asian
Speaker 4: company and coordinated for its ultimate shipment to Chinese customers.
Speaker 4: Super Micro of course saying that they are cooperating with
Speaker 4: US authorities. But stock is down about thirty percent year
Speaker 4: to date. This was a stock that was up about
Speaker 4: five percent as of Thursday's close.
Speaker 3: The person you're referring to is Eyeshai On. Wally Leah
Speaker 3: resigned effective immediately. That was a board member. The company
Speaker 3: also named Deanna Luna as acting Chief Compliance Officer, effective immediately,
Speaker 3: though there are no changes to the board's committee structure.
Speaker 1: Yeah, I mean, but this is one that was very key, right,
Speaker 1: and who was charged in this scheme to send those
Speaker 1: US assembled servers that contained in video's cutting edge chips,
Speaker 1: which is just right, something that we know over the
Speaker 1: last couple of years, right, has been very much held
Speaker 1: back concerns about sending that security over to China. All right,
Speaker 1: that's a good one. That's a big one to the downside.
Speaker 1: Where shall we go?
Speaker 4: Now, another name in the red Newmont ticker in e M.
Speaker 4: This is really we've been keeping our eyes on some
Speaker 4: of those mining names like Newmont, Alca, Barrick. So we
Speaker 4: have Newmont being one of the biggest decliners in the market.
Speaker 4: This week. Gold mining stocks, we do know, did draw
Speaker 4: some strong inflows last year, especially as we did see
Speaker 4: the dollar falling by about eight percent in twenty twenty five,
Speaker 4: But this week we saw a lot of traders coming
Speaker 4: in and dumping some of those individual mining stocks, especially
Speaker 4: as we think about everything that's going on in the
Speaker 4: Middle East. This really weighing on some of those names,
Speaker 4: and a lot of investors feeling a bit uncertain as
Speaker 4: to where they actually want to stay in this market.
Speaker 4: And we know that, you know, maybe last year those
Speaker 4: returns are more typical of speculative assets than a traditional haven,
Speaker 4: but with the conflict dragging on, investors are really heading
Speaker 4: for the exits here as we think about some of
Speaker 4: these mining names. Shares of Newmont down about four percent
Speaker 4: so far in twenty twenty six.
Speaker 1: I just want to like take a look at gold
Speaker 1: on that I mean, gold is down ten percent this week. Tim,
Speaker 1: we're talking about Spot Gold. That's after losing about three
Speaker 1: three percent the week before. So we know, since this
Speaker 1: conflict has started, and we were talking about this with
Speaker 1: our Eric Wiener about trying to understand the gold trade,
Speaker 1: and a lot of it is worrying looking at what's
Speaker 1: happened with the dollar, which has gone up as a result.
Speaker 3: I'm gonna let you explain, well, the relationship between interest rates.
Speaker 1: Saying gold price is like gold kind of stays at
Speaker 1: the same in terms of value, but as gold goes up,
Speaker 1: I guess the dollar denominate what God.
Speaker 3: I have an email from Eric because he was like,
Speaker 3: I want to send you an explanation. He said, gold
Speaker 3: doesn't have a yield, so when rates arise, it's still
Speaker 3: giving you the same value. Better to park in bonds
Speaker 3: or cash or cash in this case cash because it's
Speaker 3: rising in bonds or dicey. So it's about an opportunity
Speaker 3: costs when it comes to investing. Energy is also a
Speaker 3: rotation that then you know, pulls. So Eric Wiener for
Speaker 3: the win.
Speaker 5: Right, yeah, right, it's pretty interesting. Okay, yeah, you know,
Speaker 5: listen to our podcast or something because he gets into
Speaker 5: all of this and stuff. But it's interesting, poor poor
Speaker 5: Norridge as we kind of like bomp around here. Delta
Speaker 5: Airlines was one that you watched also on the week.
Speaker 4: Yeah, so I was looking at shares of Delta Airlines
Speaker 4: ticker d a L one of the top gainers in
Speaker 4: the S and P five hundred so there was some
Speaker 4: green on the screen this week it is mass nearly
Speaker 4: eight percent. This has airlines, hotels, cruise socks climbing after
Speaker 4: a relatively bullish outlook from carriers. Execs are saying that
Speaker 4: they think that these are some of the strongest booking
Speaker 4: trends that they've seen in industry history. Think about some
Speaker 4: of those travelers on the premium side and business side
Speaker 4: really trying to rush get some of those tickets in
Speaker 4: for airlines as they think about price hikes due to
Speaker 4: the war.
Speaker 3: How much more is fuel costing these companies a lot more?
Speaker 1: Sorry, I'm reading the Eric Quiener. Sorry, yeah, no, no,
Speaker 1: this is important, but it makes no sense.
Speaker 3: When it makes a lot of it does it makes
Speaker 3: no sense?
Speaker 1: No, it does, but he says gold it doesn't have.
Speaker 3: Yeah, yeah, I'm talking about Delta Airlines and fuel.
Speaker 1: Cuss. I'm just going back to that understanding how the
Speaker 1: market relationship.
Speaker 5: Love start up.
Speaker 3: Okay, I was saying, it makes no sense that, you know,
Speaker 3: the fuel costs are so much higher. But anyway, that's it.
Speaker 3: That's all the time. We have normal Linda. For more
Speaker 3: conversations and stocks on the move, check out our new
Speaker 3: Stockmovers podcast anywhere you get your podcasts.
Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 2: dot com, and on Applecarplay and Android Auto with the
Speaker 2: Bloomberg Business app.