1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:19,439 Speaker 1: I'm Tim Statveeck along with Emily Griffeo. Let's get to 5 00:00:19,480 --> 00:00:22,319 Speaker 1: some stocks on the move for the week. With us 6 00:00:22,440 --> 00:00:25,599 Speaker 1: is Bloomberg News Equities reporter Avalon per Now Avalon, what's. 7 00:00:25,440 --> 00:00:27,560 Speaker 3: On your radar? Well, we can start off with Palenteer. 8 00:00:27,600 --> 00:00:31,880 Speaker 4: That's ticker PLTR closed down about fourteen percent this week, 9 00:00:31,920 --> 00:00:33,680 Speaker 4: making it one of the worst performers in the SMP 10 00:00:33,800 --> 00:00:37,239 Speaker 4: five hundred. But that's as investors continue to have a 11 00:00:37,280 --> 00:00:40,239 Speaker 4: lot of questions about how software stocks like Palenteer are 12 00:00:40,280 --> 00:00:41,519 Speaker 4: going to be impacted by AI. 13 00:00:42,560 --> 00:00:44,200 Speaker 3: And let's talk about Intel as well. 14 00:00:44,479 --> 00:00:46,920 Speaker 4: Yeah, that's ticker I intc at climb twenty four percent 15 00:00:46,960 --> 00:00:50,360 Speaker 4: this week, notching its biggest weekly gain since two thousand 16 00:00:50,920 --> 00:00:53,800 Speaker 4: and that's after a couple of different deals that it announced, 17 00:00:53,840 --> 00:00:56,480 Speaker 4: including saying that it was going to be joining Elon 18 00:00:56,560 --> 00:01:00,240 Speaker 4: Musk's efforts to develop semiconductors for Tesla, SpaceX and Xa I, 19 00:01:00,760 --> 00:01:03,880 Speaker 4: and yesterday it also said that it had announced a 20 00:01:03,920 --> 00:01:07,040 Speaker 4: plan with Google and at Google agreed to use future 21 00:01:07,080 --> 00:01:10,560 Speaker 4: generations of It's seen on processors in its data centers. 22 00:01:10,240 --> 00:01:13,200 Speaker 5: So that it stucks up almost twenty four percent on 23 00:01:13,280 --> 00:01:15,720 Speaker 5: the weeks. Yeah, and then last week it was up 24 00:01:15,800 --> 00:01:17,160 Speaker 5: about seventeen percent. 25 00:01:17,520 --> 00:01:18,520 Speaker 3: Yes, the comeback is on. 26 00:01:20,040 --> 00:01:23,240 Speaker 5: We'll see, and it's a chip trade as well, like 27 00:01:23,400 --> 00:01:26,479 Speaker 5: as investors maybe pile back into tech names that it's 28 00:01:26,520 --> 00:01:27,880 Speaker 5: powering that momentum as well, you'd. 29 00:01:27,800 --> 00:01:31,360 Speaker 1: Say, yes, and you know it comes after last summer's 30 00:01:31,560 --> 00:01:35,600 Speaker 1: investment by the United States. Yeah, it's pretty it's been 31 00:01:35,640 --> 00:01:39,600 Speaker 1: a pretty remarkable story. You mentioned a turnaround, right or yes, 32 00:01:40,200 --> 00:01:43,280 Speaker 1: story you'd hadded health. Maybe that company's having a turnaround. 33 00:01:43,600 --> 00:01:44,120 Speaker 3: We'll see. 34 00:01:44,360 --> 00:01:47,240 Speaker 4: People are kind of mixed on it, but ticker unh 35 00:01:47,360 --> 00:01:49,600 Speaker 4: it ended the week up nearly ten percent, not just 36 00:01:49,640 --> 00:01:52,600 Speaker 4: best week in seven months, and that's after CMS decided 37 00:01:52,640 --> 00:01:55,880 Speaker 4: to hike Medicare rates a little bit higher than initially expected. 38 00:01:56,160 --> 00:01:58,480 Speaker 4: This is the government, Yes, that is a government for 39 00:01:58,720 --> 00:02:04,160 Speaker 4: Medicaid and Medicare advantage plans, which are for seniors. Very 40 00:02:04,240 --> 00:02:07,840 Speaker 4: much helpful for United Health and generally speaking, some people 41 00:02:07,840 --> 00:02:10,200 Speaker 4: were very bullish, others were not as much. 42 00:02:10,480 --> 00:02:13,760 Speaker 5: All right, Avalon Parnel Bloomberg News Equities reporter. You are 43 00:02:13,840 --> 00:02:16,239 Speaker 5: sticking with us, but thank you for those stock movers. 44 00:02:16,280 --> 00:02:18,520 Speaker 5: For more conversations like this, listen to our new stock 45 00:02:18,560 --> 00:02:21,519 Speaker 5: Movers podcast. Subscribe for five minute episodes on the biggest 46 00:02:21,520 --> 00:02:23,960 Speaker 5: winners and losers in the stock market. Listen to Stock 47 00:02:24,000 --> 00:02:27,640 Speaker 5: Movers on Apple, Spotify, or anywhere you get your podcasts. 48 00:02:27,680 --> 00:02:30,000 Speaker 1: Okay, a little behind the scenes action. The reason why 49 00:02:30,080 --> 00:02:32,240 Speaker 1: we told Avalon we're going to go fast through these 50 00:02:32,280 --> 00:02:34,240 Speaker 1: stock movers is because she has got a great new 51 00:02:34,280 --> 00:02:37,080 Speaker 1: piece out on the Bloomberg terminal. It's all about United 52 00:02:37,120 --> 00:02:43,079 Speaker 1: Healthcare's last bear in terms of analysts, and he's sticking 53 00:02:43,120 --> 00:02:45,280 Speaker 1: by his call even after this week's moves. 54 00:02:45,560 --> 00:02:46,240 Speaker 3: He sure is. 55 00:02:46,360 --> 00:02:49,600 Speaker 4: Bard's analyst, Michael Haa spoke with me and my coworker 56 00:02:49,680 --> 00:02:53,680 Speaker 4: Angel about why he's sticking by his underperformed rating on 57 00:02:53,880 --> 00:02:58,440 Speaker 4: United Health, saying that despite the CMS Medicare rates being 58 00:02:58,560 --> 00:03:02,200 Speaker 4: slightly higher than expected, he still thinks that the bottom 59 00:03:02,240 --> 00:03:03,000 Speaker 4: is not yet here. 60 00:03:03,840 --> 00:03:07,639 Speaker 1: So what does he see that's different than what other 61 00:03:07,680 --> 00:03:08,560 Speaker 1: analysts are seeing. 62 00:03:09,040 --> 00:03:10,880 Speaker 4: Well, one thing that he pointed out to us is 63 00:03:10,960 --> 00:03:14,520 Speaker 4: optim Health, which they are going to have potentially a 64 00:03:14,520 --> 00:03:19,600 Speaker 4: bigger impact from value based care exposure. And generally speaking, 65 00:03:19,960 --> 00:03:22,200 Speaker 4: that has nothing to do with the Medicare advantage, but 66 00:03:22,240 --> 00:03:25,320 Speaker 4: it's a real question about risk and how the government 67 00:03:25,360 --> 00:03:28,560 Speaker 4: will be paying for them as they take on riskier patients. Obviously, 68 00:03:28,680 --> 00:03:30,160 Speaker 4: if you have someone who's sicker, you want to be 69 00:03:30,200 --> 00:03:34,639 Speaker 4: paid more versus someone who is slightly healthier. Certain insurance 70 00:03:34,639 --> 00:03:37,400 Speaker 4: companies are slightly more aggressive versus others, and he thinks 71 00:03:37,400 --> 00:03:40,000 Speaker 4: that United Health could potentially get the bad end of 72 00:03:40,040 --> 00:03:40,840 Speaker 4: the bargain. 73 00:03:40,520 --> 00:03:43,640 Speaker 3: Here and remind us so last remaining bear. 74 00:03:43,880 --> 00:03:45,839 Speaker 5: That means that out of all the analysts on Wall 75 00:03:45,880 --> 00:03:50,080 Speaker 5: Street who cover this stock, there's only one analyst that 76 00:03:50,120 --> 00:03:53,800 Speaker 5: has a cell rating. I find that kind of surprising 77 00:03:53,880 --> 00:03:56,360 Speaker 5: when you look at, like the last twelve months the 78 00:03:56,400 --> 00:04:00,320 Speaker 5: performance of the stock. It's down almost fifty percent. Everyone 79 00:04:00,360 --> 00:04:04,200 Speaker 5: else has a I guess a hold or a buy. Yes. 80 00:04:04,440 --> 00:04:07,680 Speaker 4: Yes, Actually twenty two out of the thirty one people 81 00:04:07,680 --> 00:04:12,280 Speaker 4: who Bloomberg follows have a buy rating. But like you said, 82 00:04:12,400 --> 00:04:15,520 Speaker 4: it has been a question, especially long investors about how 83 00:04:15,600 --> 00:04:18,760 Speaker 4: low can United Health go. A lot of these investments 84 00:04:19,640 --> 00:04:22,520 Speaker 4: are thinking potentially that there is some upside here. 85 00:04:22,680 --> 00:04:26,440 Speaker 1: What's unique or what has been unique about the challenges 86 00:04:26,480 --> 00:04:29,320 Speaker 1: that United Health is faced versus these other companies because 87 00:04:29,320 --> 00:04:32,000 Speaker 1: they've all been getting beat up and so much like 88 00:04:31,680 --> 00:04:34,360 Speaker 1: you know, like you told us that with the rate 89 00:04:34,400 --> 00:04:36,640 Speaker 1: adjustment that moves the stock, so a lot of this 90 00:04:36,720 --> 00:04:38,640 Speaker 1: has to do with factors outside of their control. 91 00:04:39,080 --> 00:04:40,040 Speaker 3: You're absolutely right. 92 00:04:40,080 --> 00:04:41,880 Speaker 4: I mean, there's been so many different things that have 93 00:04:41,920 --> 00:04:45,600 Speaker 4: been impacting health insurance companies, whether that be affordable care 94 00:04:45,640 --> 00:04:49,479 Speaker 4: AC subicidies not being renewed, or other various things that 95 00:04:49,480 --> 00:04:50,159 Speaker 4: have been happening. 96 00:04:50,160 --> 00:04:52,160 Speaker 3: But one of the questions for United. 97 00:04:51,839 --> 00:04:55,880 Speaker 4: Health as well is this question of shrinking enrollment and 98 00:04:55,960 --> 00:04:57,719 Speaker 4: also commercial health plans. 99 00:04:57,880 --> 00:04:58,880 Speaker 3: What's going to happen with that. 100 00:05:00,000 --> 00:05:02,760 Speaker 4: We're going to continue keeping watch on this, but there's 101 00:05:02,760 --> 00:05:05,240 Speaker 4: definitely a lot of questions still around well. 102 00:05:05,279 --> 00:05:09,799 Speaker 1: Check out Avalon's story on the Bloomberg terminal united Health's 103 00:05:10,080 --> 00:05:14,880 Speaker 1: last bear stands pat after Medicare raidhike. She wrote it 104 00:05:14,920 --> 00:05:19,640 Speaker 1: along with her colleague angel Adegbisan United Health's last bear 105 00:05:19,720 --> 00:05:23,720 Speaker 1: standing pat after that Medicare raidcard. 106 00:05:23,760 --> 00:05:28,000 Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us 107 00:05:28,040 --> 00:05:30,839 Speaker 2: throughout the day for the latest roundup of companies making 108 00:05:30,920 --> 00:05:34,520 Speaker 2: news on Wall Street and for the latest market moving headlines. 109 00:05:34,720 --> 00:05:38,760 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 110 00:05:38,800 --> 00:05:41,880 Speaker 2: dot com, and on Applecarplay and Android Auto with the 111 00:05:41,880 --> 00:05:43,279 Speaker 2: Bloomberg Business app.