WEBVTT - Sandisk, Verizon Rise after Earnings, Apple Fluctuates

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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 Carol Messer along with Tim Stanebeck. Let's get to

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<v Speaker 3>some stocks on the move. Nor Melnda is in the

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<v Speaker 3>house joining us with some of the names on the moves.

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<v Speaker 3>She of course following the markets over at the Bloomberg

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<v Speaker 3>TV side, but she also like joins everybody whenever we

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<v Speaker 3>want her to.

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<v Speaker 4>What she wants us to.

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<v Speaker 3>Good to have you here. What are you watching?

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<v Speaker 4>So talking about some stocks that have been flipping around.

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<v Speaker 4>I'm looking at shares of Apple to your AAPL.

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<v Speaker 1>This is what I was talking about.

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<v Speaker 4>An earlier decliner.

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<v Speaker 1>This was my first decliner. But now I'm going to

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<v Speaker 1>have to change it. Now you have to tail it.

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<v Speaker 3>I am not making it a gainer.

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<v Speaker 4>It's only one, I know, but still earlier down as

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<v Speaker 4>much as two point four percent. Now we're seeing the

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<v Speaker 4>stock up as around zero point two percent.

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<v Speaker 3>Yeah right, that's it's a little bit of a swing

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<v Speaker 3>almost yeah, not quite three percent, right.

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<v Speaker 4>Right, So interesting action that we're seeing here in the trade.

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<v Speaker 4>But earlier what we were really looking at is the

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<v Speaker 4>fact that the company reported its largest first quarter sales

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<v Speaker 4>growth in over four years. So you saw the strict

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<v Speaker 4>really trying to digest what this means against the fact

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<v Speaker 4>that the company was warning that rising component cost could

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<v Speaker 4>potentially squeeze margins. So that's what you were really seeing

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<v Speaker 4>the stock moving towards the downside. In particular the company

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<v Speaker 4>so that it expects more of an impact to gross

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<v Speaker 4>margins due to rising memory prices. So that's what you

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<v Speaker 4>saw a lot of people zeroing in on earlier. But

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<v Speaker 4>I mean, of course we are seeing this sales growth,

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<v Speaker 4>so maybe that's what's kind of tilting people to the

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<v Speaker 4>upside as we are sitting here in the afternoon seeing

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<v Speaker 4>it trying to inch closer into the green right now,

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<v Speaker 4>As you were saying.

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<v Speaker 3>Carol, are you gonna hold on to it?

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<v Speaker 4>What are we doing? Is it going to stay as

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<v Speaker 4>a decliner?

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<v Speaker 3>What?

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<v Speaker 1>It all depends on what Apple does by the end

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<v Speaker 1>of the day. But Kayla Cork is also a big

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<v Speaker 1>decliner today, so we'll check that one out. Actually related

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<v Speaker 1>to Apple today is your next stock that's that's moving today, absolutely,

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<v Speaker 1>And that's certainly what you had to say about Memory

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<v Speaker 1>prices going on.

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<v Speaker 4>Yeah, sand Disk shares are on a tear, obsessed with

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<v Speaker 4>I'm just looking at the action here insane. I mean,

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<v Speaker 4>the stock is hitting a record high. This is ticker SNDK.

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<v Speaker 4>We did see a pairings of its gains, but earlier

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<v Speaker 4>surge as much as twenty five percent. Now take a

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<v Speaker 4>look at a Ureter date base of the S and

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<v Speaker 4>P five hundred and you'll see that this is a

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<v Speaker 4>stock that is a number one best performing stock by

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<v Speaker 4>a percentage basis in the S and P five hundred.

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<v Speaker 4>It's holding on to that number one slot here. But

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<v Speaker 4>we saw that revenue and the outlook beat expectations here

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<v Speaker 4>for the stock. But the stock also serves more than

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<v Speaker 4>sixteen hundred percent. That's one six zero zero percent since

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<v Speaker 4>at iPod last year. So it's really been on a

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<v Speaker 4>tear and we're certainly seeing the stock really Wall Street

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<v Speaker 4>rally behind it, seeing a lot of optimism.

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<v Speaker 3>Like these are the companies that you don't you know,

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<v Speaker 3>weren't initially the ones we were talking about in terms

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<v Speaker 3>of AI connections and so forth. But it's definitely this

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<v Speaker 3>one Western Digital we've really seen to move to the side.

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<v Speaker 3>This is an interesting one go.

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<v Speaker 4>To Risin for Verizon ticker VZ. Now this sock. It

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<v Speaker 4>did see its biggest gain in mobile phone subscribers since

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<v Speaker 4>twenty nineteen. I'm looking at the action right now. Shares

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<v Speaker 4>up about eleven percent as we speak. The company said

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<v Speaker 4>that it's planning a buyback of as much as twenty

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<v Speaker 4>five billion dollars in shares. So the stock earlier surging

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<v Speaker 4>for its best day since two thousand and eight, shares

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<v Speaker 4>rising as much as twelve percent on the day. This

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<v Speaker 4>is the second best performing stock in the S and

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<v Speaker 4>P five hundred. So Street clearly liken US news.

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