WEBVTT - Qualcomm Rises, Apple Falls, Hertz Eyes Record Drop 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Jim Steinbeck along with Carol Masser. Let's take a

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<v Speaker 3>look at some stocks on the move today. Normal Linde

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<v Speaker 3>is here. She's Bloomberg Television Markets correspondent, and she joins

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<v Speaker 3>us today on this Thursday. A lot to choose from,

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<v Speaker 3>no shortage. As Katie Gracolan say, it's an embarrassment of riches.

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<v Speaker 4>She would say that you will.

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<v Speaker 5>Well, let's kick things off with Qualcom ticker QCOM.

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<v Speaker 4>That was a hard one for me there for a second.

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<v Speaker 5>Well, we did te shares of the company up about

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<v Speaker 5>three point eight percent on the day. Now, the company

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<v Speaker 5>did rally earlier in the session based off of the

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<v Speaker 5>fact that it was predicting annual sales of more than

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<v Speaker 5>fifteen billion dollars from AI components and data centers by

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<v Speaker 5>fiscal twin We've all been all over this AI frenzy Qualcom.

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<v Speaker 4>We also recently heard from Micron.

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<v Speaker 5>We've been seeing some really bullish takes on these companies,

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<v Speaker 5>and so you're certainly seeing Qualcom being a beneficiary of

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<v Speaker 5>this trade. Shares of the company up about twenty percent

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<v Speaker 5>so far this year.

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<v Speaker 1>All right, so certainly something that we talked about a

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<v Speaker 1>lot in today's session. Let's move on over to another

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<v Speaker 1>tick name, and we're talking about Apple.

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<v Speaker 4>Apple. So this one has been in focus.

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<v Speaker 5>Sock is down six percent on the day, and this

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<v Speaker 5>comes after the fact that we got some news that

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<v Speaker 5>the company was going to be hiking prices across multiple

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<v Speaker 5>products in its lineup, and so we know Max are.

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<v Speaker 4>Going to be going up.

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<v Speaker 5>iPads, the home pod, vision pro, you name it. A

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<v Speaker 5>couple of the products that aren't really caught up in

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<v Speaker 5>the price hikes. Those are iPhones, Apple Watch, AirPod, so

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<v Speaker 5>basically what I use so yet not yet, that's the thing,

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<v Speaker 5>and that's the catch.

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<v Speaker 1>All I know for iPods or EarPods or earbuds or

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<v Speaker 1>whatever they have to call them. I'm going to tell

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<v Speaker 1>you is I can't tell you. I think I'm on

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<v Speaker 1>my sixth version because I always lose one.

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<v Speaker 4>My husband, I'm on number five.

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<v Speaker 6>Tell your husband, my husband bought me this thing that

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<v Speaker 6>I hang around my No, he did not, And you

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<v Speaker 6>plug them in, you know, because he's either like it's amazing.

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<v Speaker 4>Why lose that?

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<v Speaker 3>Why do you buy airpops because they don't have cords.

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<v Speaker 3>So that's what she bought.

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<v Speaker 1>It's like a seven buck cord.

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<v Speaker 4>Seven bucks and hey, it's worth it if you can

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<v Speaker 4>keep it.

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<v Speaker 1>He's like, are you buying another pair or I'm going

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<v Speaker 1>to buy you?

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<v Speaker 3>Well, I always I do you.

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<v Speaker 1>It's actually like a little insurance policy.

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<v Speaker 2>I pop them.

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<v Speaker 4>I think that is really smart.

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<v Speaker 5>I've lost so many, right, almost so many single and

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<v Speaker 5>I embarrassed to go back and buy it again.

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<v Speaker 4>Yeah.

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<v Speaker 3>I've always joked they should be under the services category because.

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<v Speaker 1>Like track my devices. I think I'm on like number

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<v Speaker 1>six or seven because I've lost so many it's so bad.

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<v Speaker 4>I love them. Hopefully this is the last pair for you.

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<v Speaker 1>Okay, are we done with Apple?

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<v Speaker 4>We're done with Apple now we're moving on to Hurts. Now.

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<v Speaker 4>This was a really interesting one.

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<v Speaker 5>So we did see shares of Hurts down about eleven

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<v Speaker 5>percent on the day, and the stock is really cheap.

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<v Speaker 5>So this has been an interesting situation because a lot

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<v Speaker 5>of Wall Street is really thinking about the fact that

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<v Speaker 5>they need cash right now, and so they talked about

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<v Speaker 5>trying to raise funds and.

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<v Speaker 4>The ways that they're going to be doing.

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<v Speaker 5>This is really interesting because the stock has already about

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<v Speaker 5>nearly fifty percent of its shares are sold short. But

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<v Speaker 5>the type of complex, unusual financing that this company is

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<v Speaker 5>looking for actually involves investors shorting the stock even more.

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<v Speaker 5>And so there's just been a bit of a head

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<v Speaker 5>scratcher here on Wall Street as to what this company

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<v Speaker 5>is looking like moving forward, if this is a sign

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<v Speaker 5>of maybe some issues within and why this would be

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<v Speaker 5>the way that you tap the debt market in this

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<v Speaker 5>particular structure. So this has actually been a stock that's

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<v Speaker 5>not been doing too well on the week, down about

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<v Speaker 5>forty seven percent year to date.

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<v Speaker 6>Wow.

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<v Speaker 1>Yeah, forty seven percent of the float is short. Yeah,

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<v Speaker 1>I mean the tone on this one.

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<v Speaker 4>I know you love to look at short interest. I

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<v Speaker 4>do love I real it's a big story.

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<v Speaker 1>I do love sure interest. I used to love money flow.

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<v Speaker 1>I know that kind of went out of favorite, but

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<v Speaker 1>I love short interest.

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<v Speaker 3>This was a stock two dollars stock, Well, it wasn't

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<v Speaker 3>a two dollars stock in twenty twenty one. In November

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<v Speaker 3>of twenty twenty one, I believe that was right around

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<v Speaker 3>when Eric Shatsker reported that Tesla had this deal.

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<v Speaker 2>Yeah, deal with hers, that's a big deal.

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<v Speaker 3>Yes, Yes, shareshot to a record high then and then

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<v Speaker 3>it's been on a decline.

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<v Speaker 4>And it was bankrupt.

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<v Speaker 5>Remember so back in twenty twenty one, that's just when

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<v Speaker 5>it was emerging the bankruptcy.

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<v Speaker 4>Yeah, in all that markets exactly.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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