1 00:00:02,520 --> 00:00:08,960 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 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,280 --> 00:00:18,759 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,800 --> 00:00:21,920 Speaker 3: the move today. I'm also Lisa Mthdale and we're. 6 00:00:21,800 --> 00:00:22,640 Speaker 2: Joined by Bloombergs. 7 00:00:22,680 --> 00:00:26,120 Speaker 3: It needs a Zakhova, Denise, what are you looking at today? 8 00:00:26,360 --> 00:00:29,520 Speaker 1: Everyone's talking about crypto, So let's look at the cryptocurrency 9 00:00:29,520 --> 00:00:32,839 Speaker 1: exposed stocks. Of course, Coinbase a major one of about 10 00:00:33,080 --> 00:00:37,639 Speaker 1: two percent ear today and then sixty percent ear to date. 11 00:00:38,320 --> 00:00:41,519 Speaker 1: This is really one of the biggest winners. Bitcoin itself 12 00:00:41,600 --> 00:00:45,159 Speaker 1: obviously is rallying past one hundred and twenty thousand. It's 13 00:00:45,240 --> 00:00:50,520 Speaker 1: up thirty percent year today. And we're in crypto week. Recently, 14 00:00:50,560 --> 00:00:54,280 Speaker 1: the Congressional Committee declared this week is crypto week. We 15 00:00:54,320 --> 00:00:58,160 Speaker 1: have major legislation moving through the US House of Representatives. 16 00:00:58,360 --> 00:01:00,720 Speaker 1: It's coming at a time we have a lot of 17 00:01:00,760 --> 00:01:04,640 Speaker 1: institutional demands. We have a retail demand. We have ETF 18 00:01:04,640 --> 00:01:08,360 Speaker 1: flows going wild in that space, going back to almost 19 00:01:08,440 --> 00:01:10,319 Speaker 1: as high as they were in the beginning when those 20 00:01:10,360 --> 00:01:13,880 Speaker 1: funds were launched, and really everything is up. Riot platforms 21 00:01:14,000 --> 00:01:17,440 Speaker 1: Maara Circle. There are so many companies benefiting from that. 22 00:01:17,480 --> 00:01:21,560 Speaker 1: There is table Coil legislation going forward. So really, as 23 00:01:21,720 --> 00:01:25,720 Speaker 1: markets are seeing mixed start of the week, Crypto is 24 00:01:25,760 --> 00:01:30,360 Speaker 1: again is emerging as one of the winners here. Boweling 25 00:01:30,400 --> 00:01:33,080 Speaker 1: also got some good news from investigators. So is that 26 00:01:33,200 --> 00:01:36,520 Speaker 1: helping shares at all. Yeah, we're not seeing a big 27 00:01:36,520 --> 00:01:38,480 Speaker 1: spike in earlier Training was a little bit stronger. But 28 00:01:38,600 --> 00:01:42,440 Speaker 1: Boeing indeed is up. The ticker is BA. It comes 29 00:01:42,440 --> 00:01:46,920 Speaker 1: after a preimary report that the Air India crash and 30 00:01:46,959 --> 00:01:49,640 Speaker 1: they found no evidence so far that would require them 31 00:01:49,680 --> 00:01:53,520 Speaker 1: to take actions over Boeing seven eight seven aircraft and 32 00:01:53,760 --> 00:01:57,280 Speaker 1: the General Electric Engines. General Electric is up on the 33 00:01:57,360 --> 00:02:00,080 Speaker 1: news as well. The accident doesn't appear to have any 34 00:02:00,080 --> 00:02:03,120 Speaker 1: thing to do with the aircraft design, which is important 35 00:02:03,240 --> 00:02:08,120 Speaker 1: for Boeing. Obviously, it had a very rough year last year. 36 00:02:08,160 --> 00:02:11,880 Speaker 1: It was down thirty percent, There were investigations and there 37 00:02:11,880 --> 00:02:14,760 Speaker 1: were a lot of issues with some of its aircraft. 38 00:02:14,800 --> 00:02:16,720 Speaker 1: What we're seeing this year is the stock is up 39 00:02:16,919 --> 00:02:20,040 Speaker 1: thirty percent. We're seeing a lot of optimism today. City 40 00:02:20,080 --> 00:02:25,240 Speaker 1: boosted its target. Bornstein boosted its target, citing increased confidence 41 00:02:25,360 --> 00:02:29,280 Speaker 1: in seven three seven and seventy eight seven production. So 42 00:02:29,919 --> 00:02:34,000 Speaker 1: today really good news for Boeing based on the investigation, 43 00:02:34,080 --> 00:02:34,840 Speaker 1: and fifty two. 44 00:02:34,760 --> 00:02:37,200 Speaker 3: Weeks high for the stock. So it's it seems like 45 00:02:37,240 --> 00:02:38,919 Speaker 3: it shed some of its concerns that a lot of 46 00:02:38,919 --> 00:02:41,520 Speaker 3: investors had and out of that error in yeah crash, 47 00:02:41,560 --> 00:02:42,680 Speaker 3: I just kind of was looking at a lot of 48 00:02:42,680 --> 00:02:45,600 Speaker 3: the news it it kind of looks like pilot error. 49 00:02:45,680 --> 00:02:48,000 Speaker 3: I don't know, I mean just because you have to 50 00:02:48,160 --> 00:02:51,280 Speaker 3: physically flip those switches, and they don't make it easy 51 00:02:51,280 --> 00:02:52,400 Speaker 3: to flip those switches either. 52 00:02:52,440 --> 00:02:56,920 Speaker 1: So exactly, it seems like the paramary investigation finds. 53 00:02:56,680 --> 00:02:57,720 Speaker 2: That, oh that's tough. 54 00:02:57,760 --> 00:02:59,239 Speaker 3: All right, one more. 55 00:02:59,639 --> 00:03:02,000 Speaker 1: We have the best buy down on the day. It's 56 00:03:02,000 --> 00:03:06,200 Speaker 1: coming off a Piper Sandler downgrades. It's currently neutral. They 57 00:03:06,240 --> 00:03:09,160 Speaker 1: say they don't see me for catalysts in the coming 58 00:03:09,280 --> 00:03:12,360 Speaker 1: quarters when it comes to earnings growth. Obviously, that was 59 00:03:12,400 --> 00:03:16,200 Speaker 1: a big beneficiary from the pandemic boom. A lot of 60 00:03:16,240 --> 00:03:18,960 Speaker 1: people were splurging and bank so much. And you know, 61 00:03:19,040 --> 00:03:21,480 Speaker 1: it's definitely been a slow down. The company is down 62 00:03:21,760 --> 00:03:26,520 Speaker 1: eighteen percent year to date. The company has been trying 63 00:03:26,560 --> 00:03:30,400 Speaker 1: to reduce its exposure to China, but last starting season 64 00:03:30,600 --> 00:03:34,040 Speaker 1: it reduced its sales and profit outlook, so it's definitely 65 00:03:34,040 --> 00:03:36,640 Speaker 1: been one of those retail names where we see a 66 00:03:36,680 --> 00:03:40,240 Speaker 1: lot of pressure. We saw Prime. They're doing great, but 67 00:03:40,360 --> 00:03:44,680 Speaker 1: clearly it has a rising competition for Best Buy and 68 00:03:44,760 --> 00:03:46,160 Speaker 1: that's putting a lot of pressure there. 69 00:03:47,360 --> 00:03:51,480 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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