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 1: I'm Carol Masser, a long with Tim Stanek. Let's get
Speaker 1: to some stocks on the move on this Thursday. Just
Speaker 1: Metin is Bloomberg News Deputy team leader and senior reporter
Speaker 1: here in our New York studio. So yeah, let's talk
Speaker 1: about the trade. And you do have one of the
Speaker 1: Mag seven that we're going to start with.
Speaker 3: And to Tim's point, because I was going to mention
Speaker 3: using mov for the Mag seven index, so of course
Speaker 3: it is Apple down close to five percent. It had
Speaker 3: been almost down as much as seven percent earlier, but
Speaker 3: still on paceports worst day since February twelfth. So unfortunately
Speaker 3: this came on the back of those reports of corpse.
Speaker 3: Mark German from Bloomberg News putting it outs about the
Speaker 3: price increases for a number of its products. If you're
Speaker 3: looking at its iPad, it's Mac Home devices, the Vision Pro.
Speaker 3: We haven't seen those price increases just yet for sale
Speaker 3: the iPhone or iPods just yet, but potentially he was
Speaker 3: saying that could be coming so people watching that. So
Speaker 3: if you're looking at what happened this morning, because Nastek
Speaker 3: one hundred futures were at more than two percent, But
Speaker 3: then once this came back, you saw Apple, a lot
Speaker 3: of those hardware type companies, and of course the majority
Speaker 3: of those mag seven stocks all lower at this point,
Speaker 3: but you're seeing kind of the opposite effect when it
Speaker 3: comes to memory and chip stocks. They're benefiting from that
Speaker 3: because the whole reason Apple did this was because of
Speaker 3: that shortage when it comes to memory chips.
Speaker 4: But you know what's so interesting, and when Tim Cook
Speaker 4: gave that interview to the Wall Street Journal a week ago,
Speaker 4: we were actually you were and I were flying to
Speaker 4: a remote Apple share surge because of the pricing power
Speaker 4: that many analysts thought Apple had. We're going to talk
Speaker 4: with Mark a little later in our program about this
Speaker 4: specific story and the products that it does affect. But
Speaker 4: if investors think that Apple has pricing power, then raising
Speaker 4: prices should be a boon and it shouldn't actually destroy demand.
Speaker 3: And typically Apple's one of those stocks were even on
Speaker 3: massive excell off days, sometimes you see that stock either
Speaker 3: flat or marginally hire just because of the cash preserves
Speaker 3: in the amount of buybacks that company still has, so
Speaker 3: obviously it's not a complete knock on the company. But
Speaker 3: when it comes to those price pressures and the whole
Speaker 3: macro inflation story that we constantly talk about, you're obviously
Speaker 3: seeing that stock giving up those gains today, But of
Speaker 3: course chips and those memory stocks are the ones that
Speaker 3: are going to benefit from that shortage that we've seen.
Speaker 4: That's called a perfect session.
Speaker 1: I was hoping you'd say that to one of those
Speaker 1: companies that supplies stuff in the supply go to sand disks.
Speaker 3: Yes, so sand Disco, of course the best NAZAQ one
Speaker 3: hundred gainer among the top gainers for the S and
Speaker 3: P five hundred as well. So the ticker is SNDK
Speaker 3: up twenty percent on pace for its best day since
Speaker 3: January sixth. So, of course, the insatiable demand for that
Speaker 3: AI infrastructure, that's why you're seeing this stock higher. But
Speaker 3: not just that. I can't fail to mention what happened
Speaker 3: with Micron Technologies earns results after the bell yesterday. M
Speaker 3: Use the ticker symbol for Micron if you're looking at
Speaker 3: that stock up seventeen percent on pace to close at
Speaker 3: a fresh record, So blockbuster earnings reports. City was actually
Speaker 3: talking about sand Discs specifically because of the story with
Speaker 3: not just Micron, but the tight supply. They still feel
Speaker 3: like sand Disc in addition to Micron will benefit from that,
Speaker 3: and so they ended up raising its price target to
Speaker 3: twenty five hundred. It had been twenty twenty five dollars before,
Speaker 3: so they still see that as a winner in addition
Speaker 3: to Micron technology.
Speaker 1: Yeah, I mean, gosh, you gotta look at like all
Speaker 1: the related right, and also supply chain, something we talked
Speaker 1: about earlier.
Speaker 3: It's interesting though, because other chip stocks, if you're looking
Speaker 3: at AR Marvel not doing quite as well as the
Speaker 3: memory space or in video, that stock is still marginally
Speaker 3: lower today. So it's really more not ships broadly, but
Speaker 3: memory stocks by the memories that we're doing well. Yeah,
Speaker 3: which is why we kind of a chopping market today.
Speaker 1: Well, it's also then the conversation when it comes to AI,
Speaker 1: like you know, shifting once again. All right, let's get
Speaker 1: to strategy.
Speaker 3: Yes, MSTR is the ticker on this down close to
Speaker 3: eight percent, so though would be on pace four, it's
Speaker 3: worst day just since Wednesday. If you look on a
Speaker 3: monthly basis, this stock's down more than forty five percent,
Speaker 3: so formally known as micro strategy, but that would be
Speaker 3: its worst month since two thousand and two, just because
Speaker 3: there has been a number of pressure and Tim talks
Speaker 3: about this on the Crypto Show. But obviously this is
Speaker 3: tied to Bitcoin and the bear market that Bitcoin has
Speaker 3: been on. This is a big supplier when it comes
Speaker 3: to that, and there's concerns amongst strategists as far as
Speaker 3: the dividend payments strategy is going to have. There were
Speaker 3: some senior notes that basically they had to fund and
Speaker 3: there's concerns about will they make those types of payments
Speaker 3: and so in addition to that supplier, what's happening with
Speaker 3: Bitcoin almost as low as fifty eight thousand today, That's
Speaker 3: why you're seeing this stock as well as Coinbase, Marathon Digital,
Speaker 3: other stocks tied to the crypto space down a lot.
Speaker 3: But that monthly size and scope looked very painful. I
Speaker 3: mean that's over two decades for a monthly basis for
Speaker 3: that stuffy.
Speaker 4: I should have a strategy on the most or down
Speaker 4: at the lowest, going back to February twenty six of
Speaker 4: twenty twenty four, so at levels not seen in two years.
Speaker 4: Giving up all those gain senior this Trump administration.
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