WEBVTT - CVS Boosted on Policy Change; Broadcom Buyback; Apple Rebound

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

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<v Speaker 2>Stock Movers podcast, 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>Let's take a look at some stocks on the move today.

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<v Speaker 1>We are joined by Bloomberg's Kritty, Gupta and Kritty. It

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<v Speaker 1>does look like a classic turnaround Tuesday sector BI sector

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<v Speaker 1>as well.

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<v Speaker 3>Good morning, Good morning, Nathan. You have broad gains across

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<v Speaker 3>the board here, but perhaps not the gigantic rebound that

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<v Speaker 3>we were expecting. You remember, we saw declines yesterday of

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<v Speaker 3>somewhere between six to eight percent for some of the

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<v Speaker 3>most well known stocks. You were seeing moves higher, yes,

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<v Speaker 3>but anywhere from two to four percent, So not the

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<v Speaker 3>same extent of buying that we have seen match and

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<v Speaker 3>in previous kind of iterations of latility, we've seen it

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<v Speaker 3>shake out to the downside upside with bigger with bigger moves.

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<v Speaker 3>That being said, today is kind of the day to

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<v Speaker 3>look at some individual sectors. I want to start off

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<v Speaker 3>with some news domestic front, this time coming and affecting

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<v Speaker 3>some of the medicare insurers here. So CBS is getting

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<v Speaker 3>this massive boost this morning, eight percent. CBS is your

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<v Speaker 3>ticker trading at sixty nine dollars to share, United Health

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<v Speaker 3>as well u NH hired by about just about six percent,

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<v Speaker 3>five hundred and fifty five dollars to share there, and

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<v Speaker 3>Humana as well, hum Hire by eleven percent this morning,

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<v Speaker 3>two hundred and eighty three dollars a share, Nathan. This

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<v Speaker 3>comes after the Trump administration has increased their twenty twenty

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<v Speaker 3>six payments for Medicare advantage plans by more than double

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<v Speaker 3>than what the market was expecting, so over five percent,

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<v Speaker 3>which basically means the federal payments will offset with some

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<v Speaker 3>of the insurers have to pay out when it comes

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<v Speaker 3>to some of these kind of insurance plans as well.

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<v Speaker 3>It also removes the possibility of having to close some

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<v Speaker 3>of the Medicare advantage plans as well. So you are

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<v Speaker 3>seeing all these healthcare names I just outlined rally and

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<v Speaker 3>rally big on them. Another stock have got my eye

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<v Speaker 3>on this morning, Nathan is Broadcom. Avgo is your ticker

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<v Speaker 3>trading higher by about four percent, trading out about one

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<v Speaker 3>hundred and sixty dollars and change. This was one of

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<v Speaker 3>the big stocks that were hit off of the news

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<v Speaker 3>around Taiwan and Vietnam. China, of course, and the tariff

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<v Speaker 3>story there. They are now announcing a ten billion dollars

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<v Speaker 3>share buyback. So the shares had jumped about four percent

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<v Speaker 3>after hours yesterday. They're saying there's still more to go,

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<v Speaker 3>so you are seeing a pretty big rally in those

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<v Speaker 3>shares this morning as well. Nathan, I want to very

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<v Speaker 3>quickly get a quick check on some of the tariff

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<v Speaker 3>impacted stocks. Apple and Nike I think are two of

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<v Speaker 3>the big ones. So start with Nike here. Nke is

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<v Speaker 3>your ticker, hire by three point four percent this morning,

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<v Speaker 3>So if we're looking for a buy the dip mentality,

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<v Speaker 3>this is one to keep an eye on. Trading at

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<v Speaker 3>fifty seven dollars and change, and Apple shares higher as well.

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<v Speaker 3>AAPL hire by one point three percent one hundred and

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<v Speaker 3>eighty three dollars a share very quickly, if you'll indulge me.

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<v Speaker 3>She Gus put out some numbers on what these tariffs

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<v Speaker 3>might actually mean for how much an iPhone will cost.

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<v Speaker 3>I'll give them to you here. And iPhone sixteen Max

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<v Speaker 3>that was made in mainland China currently goes for twelve

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<v Speaker 3>hundred on the market. With tariffs that would go up

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<v Speaker 3>to fifteen fifty and iPhone sixteen pro made in India

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<v Speaker 3>goes for about a thousand on the market. That would

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<v Speaker 3>go up to twelve hundreds, So those are the kind

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<v Speaker 3>of numbers we're talking around around Apple. Nevertheless, keep an eye.

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<v Speaker 2>On these shares.

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<v Speaker 3>AAPL hired by one point three percent this morning.

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<v Speaker 2>The Stockmovers podcast from Bloomberg Radio. Check back with us

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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