Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data.
Speaker 2: Second, some of the stocks on the hoof today, we
Speaker 2: can do that with merchant Kenny Javich, Tell me what
Speaker 2: are you looking at it?
Speaker 3: Let's start with Li Lily shares are actually flat right now,
Speaker 3: Stuck is down by zero point three percent. The ticket
Speaker 3: is l l Y. But there's a big announcement, as
Speaker 3: you mentioned, the company agreed to buy three vaccine developers
Speaker 3: for as much as three point eight billion dollars. Ali
Speaker 3: Lilly wants to expand beyond the weight loss drug segment.
Speaker 3: The companies are Kurevo, Lima Tech, Biologics, and Vaccine Company. Now,
Speaker 3: it is interesting that many analysts pointed out that the
Speaker 3: company has so much cash right now is demand for
Speaker 3: weight loss drugs keeps growing that this is a very
Speaker 3: logical step. And also when we look at the earnings
Speaker 3: report last time when they reported results also boosted profit,
Speaker 3: adjusted profit and revenue forecast for the full year, so.
Speaker 2: They made it sucks in many ways, right.
Speaker 3: Yeah, exactly, But still I'm really you know, surprised that
Speaker 3: the stock is also flat on a year today basis,
Speaker 3: no movement.
Speaker 2: Hasn't done much in the past year, even though it's
Speaker 2: got those blockbuster you know, obesity drug drugs. Let's move
Speaker 2: on to the next one. I saw that chip stocks
Speaker 2: were doing well, right, no surprise there. But Micron Technology,
Speaker 2: I said, there's gonna be news specific to this stock
Speaker 2: because it's leading the S and P five hundred higher.
Speaker 3: Yeah, So shares are up by almost fourteen percent. The
Speaker 3: tickers MU. So we saw upgrade from UBS analysts. So
Speaker 3: they raised the target to a street high of one thousand,
Speaker 3: six hundred and twenty five dollars versus previous target of
Speaker 3: five hundred thirty five. So it's a pretty big step.
Speaker 3: So that target implies almost double digit double of its
Speaker 3: growth of on the pre market LEFL and then the
Speaker 3: market cup of about one point eight trillion dollars, So
Speaker 3: analysts are optimistic. The company also said during the last
Speaker 3: earning season that they expect to spend more, of course
Speaker 3: on developing, because there is more demand and supply.
Speaker 2: All right, very good space tocks, space tacks.
Speaker 3: We're going to be talking about space tax lot. I
Speaker 3: have a feeling one of them is a Red Wire.
Speaker 3: It's a space infrastructure company. It's one of the biggest
Speaker 3: gainers in space tacks today. The shares are up by
Speaker 3: almost twenty eight percent. The ticket for that one is RDW,
Speaker 3: So of course all of that is driven by SpaceX
Speaker 3: IPO filing, and then they launched this the biggest starting
Speaker 3: right the rocket ship. And also, of course many companies
Speaker 3: are now keeping an eye on these big initiatives like
Speaker 3: putting data centers into space, which could lift the space.
Speaker 1: The stockmover's report from Bloomberg Radio. Check back with us
Speaker 1: throughout the day for the latest roundup of companies making
Speaker 1: news on Wall Street and for the latest market moving headlines.
Speaker 1: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg
Speaker 1: dot com, and on Applecarplay and Android Auto with the
Speaker 1: Bloomberg Business app.