WEBVTT - SanDisk Plunges, SpaceX Falls, Eli Lilly Jumps

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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

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<v Speaker 3>I'm Tim Stentech along with Carol Master. Let's take a

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<v Speaker 3>look at some stocks on the move today. We're joined

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<v Speaker 3>Bloomberg News Equities reporter Avalon pro. Now, hey, I evalon.

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<v Speaker 2>Hi.

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<v Speaker 4>We have to start off with SanDisk Gootsticker SNDK. It's

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<v Speaker 4>now currently slipping about four point three percent postmarket. That's

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<v Speaker 4>after the semiconductor maker forecast revenue for their first quarter

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<v Speaker 4>that missed expectations quite a bit. While the company did

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<v Speaker 4>report fourth quarter earnings, especially for profit and revenue that's

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<v Speaker 4>surpassed expectations, Investors are really looking towards that guidance to

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<v Speaker 4>potentially offer a little bit more fodder for this AI

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<v Speaker 4>trade and didn't exactly add up.

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<v Speaker 1>Yeah, this is god. I gotta say. You know, we've

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<v Speaker 1>seen some of the memory storage component makers like plunging

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<v Speaker 1>in July. This has been a high flyer, if you will,

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<v Speaker 1>top performer right in the S and P five hundred,

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<v Speaker 1>but there's some disappointment today, right. Yeah, we also want

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<v Speaker 1>to mention Western Digital because these two used to be

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<v Speaker 1>the same company. Now Western Digital is like I want

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<v Speaker 1>to be known as WD got it?

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<v Speaker 4>Okay?

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<v Speaker 2>Go there.

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<v Speaker 1>Stocks down about ten percent here in the aftermarket.

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<v Speaker 3>But they approved a buyback. Yeah, yes, well the sand

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<v Speaker 3>dis did rather sand sand.

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<v Speaker 1>Extend fourteen billion dollars.

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<v Speaker 3>Okay, Western Digital.

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<v Speaker 1>It's easy to confuse them.

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<v Speaker 3>They used to be one, I know, and it's all

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<v Speaker 3>showing up in the same.

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<v Speaker 1>I know, it's all coming across.

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<v Speaker 3>It's it's because they used to be the same company.

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<v Speaker 1>It's been tripping us up today.

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<v Speaker 3>Western Digital fourth quarternight revenue coming in at three point

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<v Speaker 3>seventy five billion dollars, the estimus for three point six

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<v Speaker 3>eight billion. Western Digital fourth quarter earnings per share come

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<v Speaker 3>in above estimates at three dollars and fifty six cents.

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<v Speaker 3>The outlook four billion to four point two billion, the

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<v Speaker 3>estimus for four point oh two billion. The company seas

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<v Speaker 3>adjusted at gross margin at fifty five to fifty six percent,

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<v Speaker 3>the estimus for fifty three point eight percent. I don't

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<v Speaker 3>know why stock this st that outlook.

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<v Speaker 1>Is revenue Like, I don't understand exactly why the.

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<v Speaker 3>Gross margin came in the outlook for gross margin came

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<v Speaker 3>in above estimates.

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<v Speaker 1>I'm not quite sure, but nonetheless, you know, keep in

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<v Speaker 1>mind some of these stocks. Again, we remind everybody Western

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<v Speaker 1>Digital's up more than two hundred percent year to date,

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<v Speaker 1>so maybe investors just wanted more, which is the kind

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<v Speaker 1>of environment we're in. All right, let's get to we

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<v Speaker 1>can't talk enough about SpaceX.

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<v Speaker 4>Yes, ticker SPCX. It fell fourteen percent to end. It's

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<v Speaker 4>at its lowest level since it began trading in June,

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<v Speaker 4>and that's after the first quarter earnings or not first quarter,

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<v Speaker 4>but it's first earnings release left investors really wanting more,

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<v Speaker 4>given that they did have much higher than expected costs

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<v Speaker 4>for their AI unit. And Oppenheimer also highlighting in their

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<v Speaker 4>notes that the capex levels are a major concern for

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<v Speaker 4>investors or not. They definitely are. They definitely are, considering

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<v Speaker 4>that SpaceX will need about four hundred billion dollars in

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<v Speaker 4>funding to hit that break even point, but the spending

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<v Speaker 4>doesn't exactly look like it's going to be ending anytime soon.

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<v Speaker 4>Plus their lock up does expire tomorrow, so we're going

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<v Speaker 4>to have a little bit more volatility as those shares

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<v Speaker 4>come online.

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<v Speaker 3>Elon has more than that in net Worth.

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<v Speaker 1>But how many people come on and say never rule

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<v Speaker 1>out Elon, like people like it's just kind of wild.

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<v Speaker 3>So I'm just looking at the analyst's reaction to this.

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<v Speaker 3>We still have thirty for people tracked by the Bloomberg

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<v Speaker 3>terminal thirty buys seven holes and two cells.

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<v Speaker 1>Or it was a big ipo and there were a

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<v Speaker 1>lot of people on the street involved in it.

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<v Speaker 3>The only folks who have celeratings Phillip Securities Glenn Thumb

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<v Speaker 3>and also morning Stars Nicholas Owens. Yeah, and morning Star's

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<v Speaker 3>not a bank too, so yeah, nope. One thing to

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<v Speaker 3>keep in mind.

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<v Speaker 1>Real quickly, Eli Lilly ll Why is the ticker?

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<v Speaker 4>Yes, it jumped five point one percent and its biggest

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<v Speaker 4>one day gain in over a month, and that's after

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<v Speaker 4>better than expected weight loss drug sales led to a

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<v Speaker 4>boost in their twenty twenty six guidance BEMO highlighting that

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<v Speaker 4>they just had another beaten raised in that especially considering

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<v Speaker 4>how their rival Novo Nordisk has been doing, It's definitely

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<v Speaker 4>welcome news for those who are worried about what exactly

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<v Speaker 4>the sweight loss boom is looking like.

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<v Speaker 2>The stockmovers report from Bloomberg Radio Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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