WEBVTT - Eli Lilly Rises, Micron Technology Gains, Redwire Up as SpaceX Kicks Off IPO Process 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data.

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<v Speaker 2>Second, some of the stocks on the hoof today, we

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<v Speaker 2>can do that with merchant Kenny Javich, Tell me what

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<v Speaker 2>are you looking at it?

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<v Speaker 3>Let's start with Li Lily shares are actually flat right now,

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<v Speaker 3>Stuck is down by zero point three percent. The ticket

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<v Speaker 3>is l l Y. But there's a big announcement, as

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<v Speaker 3>you mentioned, the company agreed to buy three vaccine developers

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<v Speaker 3>for as much as three point eight billion dollars. Ali

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<v Speaker 3>Lilly wants to expand beyond the weight loss drug segment.

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<v Speaker 3>The companies are Kurevo, Lima Tech, Biologics, and Vaccine Company. Now,

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<v Speaker 3>it is interesting that many analysts pointed out that the

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<v Speaker 3>company has so much cash right now is demand for

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<v Speaker 3>weight loss drugs keeps growing that this is a very

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<v Speaker 3>logical step. And also when we look at the earnings

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<v Speaker 3>report last time when they reported results also boosted profit,

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<v Speaker 3>adjusted profit and revenue forecast for the full year, so.

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<v Speaker 2>They made it sucks in many ways, right.

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<v Speaker 3>Yeah, exactly, But still I'm really you know, surprised that

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<v Speaker 3>the stock is also flat on a year today basis,

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<v Speaker 3>no movement.

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<v Speaker 2>Hasn't done much in the past year, even though it's

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<v Speaker 2>got those blockbuster you know, obesity drug drugs. Let's move

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<v Speaker 2>on to the next one. I saw that chip stocks

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<v Speaker 2>were doing well, right, no surprise there. But Micron Technology,

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<v Speaker 2>I said, there's gonna be news specific to this stock

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<v Speaker 2>because it's leading the S and P five hundred higher.

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<v Speaker 3>Yeah, So shares are up by almost fourteen percent. The

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<v Speaker 3>tickers MU. So we saw upgrade from UBS analysts. So

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<v Speaker 3>they raised the target to a street high of one thousand,

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<v Speaker 3>six hundred and twenty five dollars versus previous target of

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<v Speaker 3>five hundred thirty five. So it's a pretty big step.

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<v Speaker 3>So that target implies almost double digit double of its

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<v Speaker 3>growth of on the pre market LEFL and then the

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<v Speaker 3>market cup of about one point eight trillion dollars, So

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<v Speaker 3>analysts are optimistic. The company also said during the last

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<v Speaker 3>earning season that they expect to spend more, of course

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<v Speaker 3>on developing, because there is more demand and supply.

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<v Speaker 2>All right, very good space tocks, space tacks.

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<v Speaker 3>We're going to be talking about space tax lot. I

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<v Speaker 3>have a feeling one of them is a Red Wire.

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<v Speaker 3>It's a space infrastructure company. It's one of the biggest

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<v Speaker 3>gainers in space tacks today. The shares are up by

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<v Speaker 3>almost twenty eight percent. The ticket for that one is RDW,

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<v Speaker 3>So of course all of that is driven by SpaceX

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<v Speaker 3>IPO filing, and then they launched this the biggest starting

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<v Speaker 3>right the rocket ship. And also, of course many companies

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<v Speaker 3>are now keeping an eye on these big initiatives like

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<v Speaker 3>putting data centers into space, which could lift the space.

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