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 Stanovac along with Alexandra Semino. But let's take
Speaker 3: a look at some stocks on the move today. We
Speaker 3: are joined by Bloomberg News acquis reporter Natalia Cuney. J Bitch, Natalia,
Speaker 3: what are you watching?
Speaker 4: I guys, yes, stock third record high. But nevertheless I
Speaker 4: found one big decliner. This is the worst performing stock
Speaker 4: in this and P five hundred to d which is Autozon.
Speaker 4: The ticker is a z OH. The stock is done
Speaker 4: by eleven percent. So this is the company that sells
Speaker 4: different parts for used cars or trucks. So it has
Speaker 4: commercial segment which is doing well, and also consumer segment.
Speaker 4: This is so called do it yourself or day. So
Speaker 4: this is where the biggest issue is comparable sales missed expectations.
Speaker 4: On the one hand, analysts were saying that, yeah, as
Speaker 4: we have higher oil prices, loans for new cars are
Speaker 4: still you know rates are high, so maybe that could
Speaker 4: boost demand for different you know, parts of cars. When
Speaker 4: people want to maintain existing cars, but even that is
Speaker 4: not happening Cay shaped recovery guys, as you discussed on
Speaker 4: the show earlier, because as of now, people prefer just
Speaker 4: to wait and see, you know, and they like even
Speaker 4: I'm one of those people actually, because I did the
Speaker 4: maintenance for a car recently and I was told, oh,
Speaker 4: you got to replace this and this. I was like,
Speaker 4: can I still drive a car? This is like, yes,
Speaker 4: I'm fine.
Speaker 3: There's any videos now too to prove like what you need? Yeah,
Speaker 3: have you seen those? Yeah, there's any videos too, I
Speaker 3: will say. I on AutoZone, I was driving a few
Speaker 3: weeks ago in like a rainstorm. The windshield wiper flew
Speaker 3: off of the car. Okay, yeah, I know. I didn't
Speaker 3: know that could happen. Uh, went there was an auto
Speaker 3: zone nearby.
Speaker 4: Yeah.
Speaker 3: We went to the AutoZone and the guy you know,
Speaker 3: I got a new windshield wiper and he offered to
Speaker 3: install it for completely free in the middle of a
Speaker 3: very nice.
Speaker 1: They have a very nice jingle on their commercials. I'm
Speaker 1: not going to try and sing it.
Speaker 3: I don't know the rights to it. Yeah, you gotta
Speaker 3: be careful, okay. AutoZone. Micron is another one.
Speaker 4: Matron yes, so this is the best performing stock today.
Speaker 4: Shares are up by twenty percent, guys, the tickers MU
Speaker 4: We saw pretty big upgrade coming from UBS analysts. So
Speaker 4: now they raise price target to one thousand, six hundred
Speaker 4: twenty five dollars. This is almost a two hundred percent
Speaker 4: increase from a previous target of five hundred and thirty
Speaker 4: five dollars. And that also implies a market cap of
Speaker 4: about one point eight trillion dollars. So everyone is very
Speaker 4: optimistic on memoryships stocks. And we solved from the last
Speaker 4: earnings report that Micron said we have to spend heavily
Speaker 4: on AI. Capex for this fiscal year is expected to
Speaker 4: be at about twenty five billion dollars, more than analysts expected.
Speaker 4: What I found really interesting, guys. If you go to
Speaker 4: in our in our functional Bloomboog terminal, you see that, yes,
Speaker 4: we have sixty five right analysts tracking the stock, zero
Speaker 4: cell ratings. At the same time, we see that the
Speaker 4: average price target for this year is six hundred eighty five.
Speaker 4: The stock is trading at nine.
Speaker 1: You would think that that contrarian indicator when no analyst
Speaker 1: is bearish on a stock.
Speaker 4: Yeah, and they're still behind. So we will see potentially
Speaker 4: more upgrades.
Speaker 3: Okay, that's Micron. Another stock, Well, this one making big
Speaker 3: moves today. Red wire, red wire.
Speaker 4: So this is one of the space stocks. I'm sure
Speaker 4: we will be talking a lot about space economy state
Speaker 4: space stocks today. So the ticket for this one is
Speaker 4: our w RDW shares are up by almost twenty seven percent.
Speaker 4: So this stock is just one of the space stocks
Speaker 4: that is rallying today. Of course, we saw SpaceX filing
Speaker 4: for an IPO, we saw launch of its biggest you know,
Speaker 4: space ships, and and also everyone is just watching right now.
Speaker 4: If Elon Musk implements whatever he's saying about building data
Speaker 4: centers in space, how or when it's going to impact
Speaker 4: the whole sector, it's going to be really fascinating.
Speaker 3: Yeah. The data centers in space thing is like I
Speaker 3: got to see it to believe it. Yeah, it's just
Speaker 3: one of those things that is still in my mind,
Speaker 3: seems far away. But I'm not a rocket scientist.
Speaker 1: That doesn't seem to matter to investors. They don't have
Speaker 1: to see anything to believe it. They'll hear a nice
Speaker 1: number and they're buying.
Speaker 4: I spoke actually with a couple space experts. I was
Speaker 4: thinking about a story about data centers and what's going
Speaker 4: to happen with data centers on Earth. So they said
Speaker 4: that basically it's just so much cheaper from the energy perspective,
Speaker 4: but yes, logistics part is hard, but space is basically
Speaker 4: it has a monopoly and it's pretty you know, it's
Speaker 4: not completely impossible to do that. It's just a matter
Speaker 4: of time.
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
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.