WEBVTT - Sandisk Soars, Lockheed Up, Data Center Cooling Stocks Sink

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

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<v Speaker 2>Stock Mover's Report, your roundup of companies making moves in

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

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<v Speaker 1>I'm Carol Messer longer Terimstic. Let's get to some stocks.

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<v Speaker 1>The move with us is Bloomberg TV Market's correspondent Norm

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<v Speaker 1>me Linda. She is in the house. Where are you beginning?

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<v Speaker 3>Well, I feel like we've been seeing this whole CEES

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<v Speaker 3>conference kicked off and we're watching it through the week.

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<v Speaker 3>So we have to talk about some of the names

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<v Speaker 3>that were affected by the commentary that we've seen there.

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<v Speaker 3>Let's kick things off with Sands. This is Kicker s In.

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<v Speaker 1>I'm obsessed with this name. All right, you yes, go ahead,

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<v Speaker 1>go ahead.

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<v Speaker 3>Well, this stock is really rallied today, up as much

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<v Speaker 3>as twenty five percent. That's the biggest jump that we've

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<v Speaker 3>seen in terms of a single date basis in nearly

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<v Speaker 3>a year. This of course is commentary from and videos

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<v Speaker 3>Jensen Wong. He said that the memory storage chip market

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<v Speaker 3>is quote unquote underserved, and that just sent that stock rallying.

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<v Speaker 3>We're seeing shares up twenty four percent right now as

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<v Speaker 3>we speak. The best performing stock in the S and

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<v Speaker 3>P five hundred, just simply off of what Jensen Wong

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<v Speaker 3>has to say.

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<v Speaker 1>It was the best performing stock in twenty twenty five,

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<v Speaker 1>all of these plays in the S and P five hundred. Yeah,

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<v Speaker 1>it was the top performer and it's and that whole

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<v Speaker 1>group is just rallying today. There also a top performer

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<v Speaker 1>in twenty twenty very true. I'm a little obsessed. It's

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<v Speaker 1>not the names we talk about a lot, but it's

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<v Speaker 1>just kind of fascinating to see how this trade plays out.

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<v Speaker 3>Absolutely well. On the flip side, though, we're still keeping

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<v Speaker 3>an eye on what Jensen Loong has to say. We

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<v Speaker 3>did see some data center coaling stocks that fell today.

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<v Speaker 3>This is after the CEO of Nvidia of raised fears

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<v Speaker 3>about data center demand for these types of products, and

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<v Speaker 3>so we are seeing as a second worst performing stock

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<v Speaker 3>in the S and P five hundred Johnson Controls International

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<v Speaker 3>ticker JCI and some of its peers also falling Carrier

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<v Speaker 3>Global Modine Manufacturing. But we are seeing Johnson Controls International

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<v Speaker 3>in particular as the second worst performing stock in the

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<v Speaker 3>S and P five hundred, pairing its earlier decline. It

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<v Speaker 3>was earlier down about eleven percent for its worst in

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<v Speaker 3>almost three years.

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<v Speaker 1>Train Technologies also taking a hit down about two point

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<v Speaker 1>eight percent. That's another one of those companies that is

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<v Speaker 1>in the cooling space.

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<v Speaker 3>Absolutely, there's a lot of action that we're seeing right now.

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<v Speaker 3>So people carry a lot of weight. His words, drunk

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<v Speaker 3>Jensen Wong's words really carry a lot of weight clearly

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<v Speaker 3>in this market.

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<v Speaker 1>Always do. It's not just about the jacket. Are those

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<v Speaker 1>some of your decliners?

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<v Speaker 2>Those are good?

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<v Speaker 3>I need to steal some.

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<v Speaker 1>I know, I know, we share, we share, we share exactly,

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<v Speaker 1>all right. Take us to Lacked Martin Lakeeed Martin.

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<v Speaker 3>Of course we are seeing this stock in the green

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<v Speaker 3>earlier up as much as about five point three percent

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<v Speaker 3>now pairing a bit. But this after had struck a

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<v Speaker 3>deal with the Pentagon to triple production of his Patriot

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<v Speaker 3>Air Defense missile, which we know is deployed not only

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<v Speaker 3>by the United States but about seventeen other countries. So

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<v Speaker 3>really critical here. This agreement is really clearing the way

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<v Speaker 3>for negotiations over a seven year contract to increase production

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<v Speaker 3>of this and this is really just a broader US

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<v Speaker 3>push to ramp up weapons output. So you are seeing

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<v Speaker 3>the street clearly liking this stock coming in behind. I'm

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<v Speaker 3>Luckie Martin.

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