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 Jim Steinbeck along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move today. Normal Linde
Speaker 3: is here. She's Bloomberg Television Markets correspondent, and she joins
Speaker 3: us today on this Thursday. A lot to choose from,
Speaker 3: no shortage. As Katie Gracolan say, it's an embarrassment of riches.
Speaker 4: She would say that you will.
Speaker 5: Well, let's kick things off with Qualcom ticker QCOM.
Speaker 4: That was a hard one for me there for a second.
Speaker 5: Well, we did te shares of the company up about
Speaker 5: three point eight percent on the day. Now, the company
Speaker 5: did rally earlier in the session based off of the
Speaker 5: fact that it was predicting annual sales of more than
Speaker 5: fifteen billion dollars from AI components and data centers by
Speaker 5: fiscal twin We've all been all over this AI frenzy Qualcom.
Speaker 4: We also recently heard from Micron.
Speaker 5: We've been seeing some really bullish takes on these companies,
Speaker 5: and so you're certainly seeing Qualcom being a beneficiary of
Speaker 5: this trade. Shares of the company up about twenty percent
Speaker 5: so far this year.
Speaker 1: All right, so certainly something that we talked about a
Speaker 1: lot in today's session. Let's move on over to another
Speaker 1: tick name, and we're talking about Apple.
Speaker 4: Apple. So this one has been in focus.
Speaker 5: Sock is down six percent on the day, and this
Speaker 5: comes after the fact that we got some news that
Speaker 5: the company was going to be hiking prices across multiple
Speaker 5: products in its lineup, and so we know Max are.
Speaker 4: Going to be going up.
Speaker 5: iPads, the home pod, vision pro, you name it. A
Speaker 5: couple of the products that aren't really caught up in
Speaker 5: the price hikes. Those are iPhones, Apple Watch, AirPod, so
Speaker 5: basically what I use so yet not yet, that's the thing,
Speaker 5: and that's the catch.
Speaker 1: All I know for iPods or EarPods or earbuds or
Speaker 1: whatever they have to call them. I'm going to tell
Speaker 1: you is I can't tell you. I think I'm on
Speaker 1: my sixth version because I always lose one.
Speaker 4: My husband, I'm on number five.
Speaker 6: Tell your husband, my husband bought me this thing that
Speaker 6: I hang around my No, he did not, And you
Speaker 6: plug them in, you know, because he's either like it's amazing.
Speaker 4: Why lose that?
Speaker 3: Why do you buy airpops because they don't have cords.
Speaker 3: So that's what she bought.
Speaker 1: It's like a seven buck cord.
Speaker 4: Seven bucks and hey, it's worth it if you can
Speaker 4: keep it.
Speaker 1: He's like, are you buying another pair or I'm going
Speaker 1: to buy you?
Speaker 3: Well, I always I do you.
Speaker 1: It's actually like a little insurance policy.
Speaker 2: I pop them.
Speaker 4: I think that is really smart.
Speaker 5: I've lost so many, right, almost so many single and
Speaker 5: I embarrassed to go back and buy it again.
Speaker 4: Yeah.
Speaker 3: I've always joked they should be under the services category because.
Speaker 1: Like track my devices. I think I'm on like number
Speaker 1: six or seven because I've lost so many it's so bad.
Speaker 4: I love them. Hopefully this is the last pair for you.
Speaker 1: Okay, are we done with Apple?
Speaker 4: We're done with Apple now we're moving on to Hurts. Now.
Speaker 4: This was a really interesting one.
Speaker 5: So we did see shares of Hurts down about eleven
Speaker 5: percent on the day, and the stock is really cheap.
Speaker 5: So this has been an interesting situation because a lot
Speaker 5: of Wall Street is really thinking about the fact that
Speaker 5: they need cash right now, and so they talked about
Speaker 5: trying to raise funds and.
Speaker 4: The ways that they're going to be doing.
Speaker 5: This is really interesting because the stock has already about
Speaker 5: nearly fifty percent of its shares are sold short. But
Speaker 5: the type of complex, unusual financing that this company is
Speaker 5: looking for actually involves investors shorting the stock even more.
Speaker 5: And so there's just been a bit of a head
Speaker 5: scratcher here on Wall Street as to what this company
Speaker 5: is looking like moving forward, if this is a sign
Speaker 5: of maybe some issues within and why this would be
Speaker 5: the way that you tap the debt market in this
Speaker 5: particular structure. So this has actually been a stock that's
Speaker 5: not been doing too well on the week, down about
Speaker 5: forty seven percent year to date.
Speaker 6: Wow.
Speaker 1: Yeah, forty seven percent of the float is short. Yeah,
Speaker 1: I mean the tone on this one.
Speaker 4: I know you love to look at short interest. I
Speaker 4: do love I real it's a big story.
Speaker 1: I do love sure interest. I used to love money flow.
Speaker 1: I know that kind of went out of favorite, but
Speaker 1: I love short interest.
Speaker 3: This was a stock two dollars stock, Well, it wasn't
Speaker 3: a two dollars stock in twenty twenty one. In November
Speaker 3: of twenty twenty one, I believe that was right around
Speaker 3: when Eric Shatsker reported that Tesla had this deal.
Speaker 2: Yeah, deal with hers, that's a big deal.
Speaker 3: Yes, Yes, shareshot to a record high then and then
Speaker 3: it's been on a decline.
Speaker 4: And it was bankrupt.
Speaker 5: Remember so back in twenty twenty one, that's just when
Speaker 5: it was emerging the bankruptcy.
Speaker 4: Yeah, in all that markets exactly.
Speaker 2: The 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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