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 Carol Messer, a long term Stanek. Let's get you
Speaker 3: some stocks on the move for the week. Overall, it's
Speaker 3: been an interesting and full week. Joining us right now
Speaker 3: is Jordan Fitzgerald, who's Bloomberg News Equities reporter, joining us
Speaker 3: here in studio. So where do you begin?
Speaker 4: I think the place we go every week? We got
Speaker 4: to talk about sand Disk.
Speaker 1: I know, right today was bizarre.
Speaker 4: Today was crazy.
Speaker 1: Do we know why what happened? Well, let's why. Don't
Speaker 1: you explain what happened and then we can kind of
Speaker 1: get to what.
Speaker 4: So SanDisk shares surged more than twenty percent earlier today.
Speaker 4: The company did report results that really impressed the market.
Speaker 4: The second quarter revenue did beat, and then they just
Speaker 4: suddenly paired and people weren't quite sure why. But we're
Speaker 4: still able to close in the green up six percent.
Speaker 4: Most stocks would be real to have a six percent game,
Speaker 4: I think on the day. But you when you had
Speaker 4: such staggering highs earlier, it's maybe a little bit disappointing
Speaker 4: for some investors, and.
Speaker 1: Sand Disc gout for the week more than twenty percent.
Speaker 4: Sand Disc up since it's IPO more than sixteen hundred percent.
Speaker 4: I know it just I just eleven months ago.
Speaker 3: I'm fascinated by this company, and certainly there's an AI
Speaker 3: story in all of this as well, So it's it's
Speaker 3: fun and interesting to watch Microsoft.
Speaker 4: For the Microsoft. Speaking of big tech earnings, Microsoft had
Speaker 4: its worst week since twenty twenty. It also reported results
Speaker 4: earlier this week. Shares closed down eight percent week over week,
Speaker 4: and it really just comes from expectations that the market
Speaker 4: had for Azure growth. It just wasn't where people wanted
Speaker 4: it to be. And with this AI race so tight,
Speaker 4: and when you do have you know, companies like SanDisk
Speaker 4: who don't do the same thing as Microsoft obviously but
Speaker 4: are part of this bigger AI ecosystem like really outperforming,
Speaker 4: then they want to see known giants like Microsoft really
Speaker 4: deliver as.
Speaker 3: Well, especially when you're spending so much. Right, I think
Speaker 3: it was an Azure up a thirty eight percent or
Speaker 3: something in terms of growth, but it was maybe not
Speaker 3: enough considering all the spending that's going on there. All right,
Speaker 3: let's go to something different. It's a space we talked
Speaker 3: about a lot this week.
Speaker 1: Yeah, Humana, what helping with humanity?
Speaker 4: Humana, Like we said earlier this week, it really just
Speaker 4: comes from Trump administration actions to freeze payments to these
Speaker 4: Medicare advantage plans that involve private companies like Humana, and
Speaker 4: so humanic closed down twenty seven percent this week. That's
Speaker 4: the worst week for that stock since since two thousand
Speaker 4: and nine. And Humana, you know, I think some investors
Speaker 4: were hoping that it would have recovered from low as
Speaker 4: we've reached earlier this week, and it kind of just
Speaker 4: didn't really get there, and so it was one of
Speaker 4: the biggest laggards in the S and P five hundred
Speaker 4: this week.
Speaker 1: We've time for one more, I think we do. Yeah, okay,
Speaker 1: let's talk shoes.
Speaker 4: Let's talk shoes. I mean, I've got my ugs on
Speaker 4: right now. I'm helping to deliver this for Deckers.
Speaker 1: Howbody says Decker's outdoor, They say Uggs and Hoka. They
Speaker 1: always forget about Teva, Tivas. Oh sorry, Maybe that's why
Speaker 1: great shooes too.
Speaker 4: I do own all three, but I think the business
Speaker 4: there maybe isn't as big and with the freezing temperatures
Speaker 4: in New York City this week. I think Ugg's on
Speaker 4: everyone's mind, but best week since twenty twenty four. Decors
Speaker 4: up nineteen percent, and it really does come from boosting
Speaker 4: their earnings and sales forecasts over this strong delivery number
Speaker 4: in Ihoga and UG brand.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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