1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:19,200 Speaker 3: I'm Carol Messer along with Tim Stanebeck. Let's get to 5 00:00:19,440 --> 00:00:22,360 Speaker 3: some stocks on the move. Nor Melnda is in the 6 00:00:22,400 --> 00:00:24,680 Speaker 3: house joining us with some of the names on the moves. 7 00:00:24,720 --> 00:00:26,840 Speaker 3: She of course following the markets over at the Bloomberg 8 00:00:26,840 --> 00:00:29,680 Speaker 3: TV side, but she also like joins everybody whenever we 9 00:00:29,880 --> 00:00:30,360 Speaker 3: want her to. 10 00:00:30,960 --> 00:00:31,880 Speaker 4: What she wants us to. 11 00:00:33,560 --> 00:00:35,720 Speaker 3: Good to have you here. What are you watching? 12 00:00:35,960 --> 00:00:38,159 Speaker 4: So talking about some stocks that have been flipping around. 13 00:00:38,159 --> 00:00:41,080 Speaker 4: I'm looking at shares of Apple to your AAPL. 14 00:00:41,320 --> 00:00:42,400 Speaker 1: This is what I was talking about. 15 00:00:42,640 --> 00:00:43,599 Speaker 4: An earlier decliner. 16 00:00:43,880 --> 00:00:45,800 Speaker 1: This was my first decliner. But now I'm going to 17 00:00:45,880 --> 00:00:47,280 Speaker 1: have to change it. Now you have to tail it. 18 00:00:47,400 --> 00:00:49,199 Speaker 3: I am not making it a gainer. 19 00:00:49,240 --> 00:00:53,920 Speaker 4: It's only one, I know, but still earlier down as 20 00:00:54,000 --> 00:00:56,360 Speaker 4: much as two point four percent. Now we're seeing the 21 00:00:56,400 --> 00:00:59,720 Speaker 4: stock up as around zero point two percent. 22 00:01:00,080 --> 00:01:03,080 Speaker 3: Yeah right, that's it's a little bit of a swing 23 00:01:03,160 --> 00:01:05,600 Speaker 3: almost yeah, not quite three percent, right. 24 00:01:05,600 --> 00:01:08,480 Speaker 4: Right, So interesting action that we're seeing here in the trade. 25 00:01:08,480 --> 00:01:10,080 Speaker 4: But earlier what we were really looking at is the 26 00:01:10,080 --> 00:01:12,960 Speaker 4: fact that the company reported its largest first quarter sales 27 00:01:13,000 --> 00:01:15,479 Speaker 4: growth in over four years. So you saw the strict 28 00:01:15,480 --> 00:01:17,640 Speaker 4: really trying to digest what this means against the fact 29 00:01:17,680 --> 00:01:20,520 Speaker 4: that the company was warning that rising component cost could 30 00:01:20,520 --> 00:01:23,000 Speaker 4: potentially squeeze margins. So that's what you were really seeing 31 00:01:23,000 --> 00:01:26,039 Speaker 4: the stock moving towards the downside. In particular the company 32 00:01:26,080 --> 00:01:28,080 Speaker 4: so that it expects more of an impact to gross 33 00:01:28,120 --> 00:01:30,959 Speaker 4: margins due to rising memory prices. So that's what you 34 00:01:30,959 --> 00:01:33,640 Speaker 4: saw a lot of people zeroing in on earlier. But 35 00:01:33,680 --> 00:01:35,520 Speaker 4: I mean, of course we are seeing this sales growth, 36 00:01:35,560 --> 00:01:37,800 Speaker 4: so maybe that's what's kind of tilting people to the 37 00:01:37,880 --> 00:01:40,880 Speaker 4: upside as we are sitting here in the afternoon seeing 38 00:01:40,880 --> 00:01:43,280 Speaker 4: it trying to inch closer into the green right now, 39 00:01:43,319 --> 00:01:44,120 Speaker 4: As you were saying. 40 00:01:43,880 --> 00:01:46,720 Speaker 3: Carol, are you gonna hold on to it? 41 00:01:47,440 --> 00:01:48,640 Speaker 4: What are we doing? Is it going to stay as 42 00:01:48,680 --> 00:01:49,120 Speaker 4: a decliner? 43 00:01:49,160 --> 00:01:49,240 Speaker 3: What? 44 00:01:50,280 --> 00:01:52,160 Speaker 1: It all depends on what Apple does by the end 45 00:01:52,200 --> 00:01:53,880 Speaker 1: of the day. But Kayla Cork is also a big 46 00:01:53,920 --> 00:01:57,920 Speaker 1: decliner today, so we'll check that one out. Actually related 47 00:01:57,960 --> 00:02:02,120 Speaker 1: to Apple today is your next stock that's that's moving today, absolutely, 48 00:02:02,120 --> 00:02:03,880 Speaker 1: And that's certainly what you had to say about Memory 49 00:02:03,880 --> 00:02:04,520 Speaker 1: prices going on. 50 00:02:04,600 --> 00:02:07,720 Speaker 4: Yeah, sand Disk shares are on a tear, obsessed with 51 00:02:08,160 --> 00:02:11,520 Speaker 4: I'm just looking at the action here insane. I mean, 52 00:02:11,560 --> 00:02:14,960 Speaker 4: the stock is hitting a record high. This is ticker SNDK. 53 00:02:15,639 --> 00:02:17,720 Speaker 4: We did see a pairings of its gains, but earlier 54 00:02:17,760 --> 00:02:20,080 Speaker 4: surge as much as twenty five percent. Now take a 55 00:02:20,080 --> 00:02:21,400 Speaker 4: look at a Ureter date base of the S and 56 00:02:21,440 --> 00:02:23,040 Speaker 4: P five hundred and you'll see that this is a 57 00:02:23,040 --> 00:02:26,000 Speaker 4: stock that is a number one best performing stock by 58 00:02:26,040 --> 00:02:28,239 Speaker 4: a percentage basis in the S and P five hundred. 59 00:02:28,440 --> 00:02:31,080 Speaker 4: It's holding on to that number one slot here. But 60 00:02:31,160 --> 00:02:34,240 Speaker 4: we saw that revenue and the outlook beat expectations here 61 00:02:34,280 --> 00:02:36,639 Speaker 4: for the stock. But the stock also serves more than 62 00:02:36,720 --> 00:02:41,080 Speaker 4: sixteen hundred percent. That's one six zero zero percent since 63 00:02:41,120 --> 00:02:44,800 Speaker 4: at iPod last year. So it's really been on a 64 00:02:44,840 --> 00:02:47,400 Speaker 4: tear and we're certainly seeing the stock really Wall Street 65 00:02:47,480 --> 00:02:49,720 Speaker 4: rally behind it, seeing a lot of optimism. 66 00:02:49,360 --> 00:02:51,400 Speaker 3: Like these are the companies that you don't you know, 67 00:02:51,440 --> 00:02:54,080 Speaker 3: weren't initially the ones we were talking about in terms 68 00:02:54,080 --> 00:02:57,359 Speaker 3: of AI connections and so forth. But it's definitely this 69 00:02:57,440 --> 00:03:00,480 Speaker 3: one Western Digital we've really seen to move to the side. 70 00:03:01,960 --> 00:03:03,520 Speaker 3: This is an interesting one go. 71 00:03:03,520 --> 00:03:07,920 Speaker 4: To Risin for Verizon ticker VZ. Now this sock. It 72 00:03:07,960 --> 00:03:10,800 Speaker 4: did see its biggest gain in mobile phone subscribers since 73 00:03:10,880 --> 00:03:14,359 Speaker 4: twenty nineteen. I'm looking at the action right now. Shares 74 00:03:14,440 --> 00:03:17,399 Speaker 4: up about eleven percent as we speak. The company said 75 00:03:17,400 --> 00:03:19,880 Speaker 4: that it's planning a buyback of as much as twenty 76 00:03:19,919 --> 00:03:23,400 Speaker 4: five billion dollars in shares. So the stock earlier surging 77 00:03:23,440 --> 00:03:26,080 Speaker 4: for its best day since two thousand and eight, shares 78 00:03:26,160 --> 00:03:28,240 Speaker 4: rising as much as twelve percent on the day. This 79 00:03:28,360 --> 00:03:30,960 Speaker 4: is the second best performing stock in the S and 80 00:03:30,960 --> 00:03:35,480 Speaker 4: P five hundred. So Street clearly liken US news. 81 00:03:34,880 --> 00:03:38,920 Speaker 2: The stock mover's report from Bloomberg Radio. 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