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 Tim Stentech along with Carol Master. Let's take a
Speaker 3: look at some stocks on the move today. We're joined
Speaker 3: Bloomberg News Equities reporter Avalon pro. Now, hey, I evalon.
Speaker 2: Hi.
Speaker 4: We have to start off with SanDisk Gootsticker SNDK. It's
Speaker 4: now currently slipping about four point three percent postmarket. That's
Speaker 4: after the semiconductor maker forecast revenue for their first quarter
Speaker 4: that missed expectations quite a bit. While the company did
Speaker 4: report fourth quarter earnings, especially for profit and revenue that's
Speaker 4: surpassed expectations, Investors are really looking towards that guidance to
Speaker 4: potentially offer a little bit more fodder for this AI
Speaker 4: trade and didn't exactly add up.
Speaker 1: Yeah, this is god. I gotta say. You know, we've
Speaker 1: seen some of the memory storage component makers like plunging
Speaker 1: in July. This has been a high flyer, if you will,
Speaker 1: top performer right in the S and P five hundred,
Speaker 1: but there's some disappointment today, right. Yeah, we also want
Speaker 1: to mention Western Digital because these two used to be
Speaker 1: the same company. Now Western Digital is like I want
Speaker 1: to be known as WD got it?
Speaker 4: Okay?
Speaker 2: Go there.
Speaker 1: Stocks down about ten percent here in the aftermarket.
Speaker 3: But they approved a buyback. Yeah, yes, well the sand
Speaker 3: dis did rather sand sand.
Speaker 1: Extend fourteen billion dollars.
Speaker 3: Okay, Western Digital.
Speaker 1: It's easy to confuse them.
Speaker 3: They used to be one, I know, and it's all
Speaker 3: showing up in the same.
Speaker 1: I know, it's all coming across.
Speaker 3: It's it's because they used to be the same company.
Speaker 1: It's been tripping us up today.
Speaker 3: Western Digital fourth quarternight revenue coming in at three point
Speaker 3: seventy five billion dollars, the estimus for three point six
Speaker 3: eight billion. Western Digital fourth quarter earnings per share come
Speaker 3: in above estimates at three dollars and fifty six cents.
Speaker 3: The outlook four billion to four point two billion, the
Speaker 3: estimus for four point oh two billion. The company seas
Speaker 3: adjusted at gross margin at fifty five to fifty six percent,
Speaker 3: the estimus for fifty three point eight percent. I don't
Speaker 3: know why stock this st that outlook.
Speaker 1: Is revenue Like, I don't understand exactly why the.
Speaker 3: Gross margin came in the outlook for gross margin came
Speaker 3: in above estimates.
Speaker 1: I'm not quite sure, but nonetheless, you know, keep in
Speaker 1: mind some of these stocks. Again, we remind everybody Western
Speaker 1: Digital's up more than two hundred percent year to date,
Speaker 1: so maybe investors just wanted more, which is the kind
Speaker 1: of environment we're in. All right, let's get to we
Speaker 1: can't talk enough about SpaceX.
Speaker 4: Yes, ticker SPCX. It fell fourteen percent to end. It's
Speaker 4: at its lowest level since it began trading in June,
Speaker 4: and that's after the first quarter earnings or not first quarter,
Speaker 4: but it's first earnings release left investors really wanting more,
Speaker 4: given that they did have much higher than expected costs
Speaker 4: for their AI unit. And Oppenheimer also highlighting in their
Speaker 4: notes that the capex levels are a major concern for
Speaker 4: investors or not. They definitely are. They definitely are, considering
Speaker 4: that SpaceX will need about four hundred billion dollars in
Speaker 4: funding to hit that break even point, but the spending
Speaker 4: doesn't exactly look like it's going to be ending anytime soon.
Speaker 4: Plus their lock up does expire tomorrow, so we're going
Speaker 4: to have a little bit more volatility as those shares
Speaker 4: come online.
Speaker 3: Elon has more than that in net Worth.
Speaker 1: But how many people come on and say never rule
Speaker 1: out Elon, like people like it's just kind of wild.
Speaker 3: So I'm just looking at the analyst's reaction to this.
Speaker 3: We still have thirty for people tracked by the Bloomberg
Speaker 3: terminal thirty buys seven holes and two cells.
Speaker 1: Or it was a big ipo and there were a
Speaker 1: lot of people on the street involved in it.
Speaker 3: The only folks who have celeratings Phillip Securities Glenn Thumb
Speaker 3: and also morning Stars Nicholas Owens. Yeah, and morning Star's
Speaker 3: not a bank too, so yeah, nope. One thing to
Speaker 3: keep in mind.
Speaker 1: Real quickly, Eli Lilly ll Why is the ticker?
Speaker 4: Yes, it jumped five point one percent and its biggest
Speaker 4: one day gain in over a month, and that's after
Speaker 4: better than expected weight loss drug sales led to a
Speaker 4: boost in their twenty twenty six guidance BEMO highlighting that
Speaker 4: they just had another beaten raised in that especially considering
Speaker 4: how their rival Novo Nordisk has been doing, It's definitely
Speaker 4: welcome news for those who are worried about what exactly
Speaker 4: the sweight loss boom is looking like.
Speaker 2: The stockmovers report from Bloomberg Radio Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street, and for the latest market moving headlines.
Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 2: dot com, and on Applecarplay and Android Auto with the
Speaker 2: Bloomberg Business app.