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 Carol Messer along with Tim Stanebeck. Let's get to
Speaker 3: some stocks on the move. Nor Melnda is in the
Speaker 3: house joining us with some of the names on the moves.
Speaker 3: She of course following the markets over at the Bloomberg
Speaker 3: TV side, but she also like joins everybody whenever we
Speaker 3: want her to.
Speaker 4: What she wants us to.
Speaker 3: Good to have you here. What are you watching?
Speaker 4: So talking about some stocks that have been flipping around.
Speaker 4: I'm looking at shares of Apple to your AAPL.
Speaker 1: This is what I was talking about.
Speaker 4: An earlier decliner.
Speaker 1: This was my first decliner. But now I'm going to
Speaker 1: have to change it. Now you have to tail it.
Speaker 3: I am not making it a gainer.
Speaker 4: It's only one, I know, but still earlier down as
Speaker 4: much as two point four percent. Now we're seeing the
Speaker 4: stock up as around zero point two percent.
Speaker 3: Yeah right, that's it's a little bit of a swing
Speaker 3: almost yeah, not quite three percent, right.
Speaker 4: Right, So interesting action that we're seeing here in the trade.
Speaker 4: But earlier what we were really looking at is the
Speaker 4: fact that the company reported its largest first quarter sales
Speaker 4: growth in over four years. So you saw the strict
Speaker 4: really trying to digest what this means against the fact
Speaker 4: that the company was warning that rising component cost could
Speaker 4: potentially squeeze margins. So that's what you were really seeing
Speaker 4: the stock moving towards the downside. In particular the company
Speaker 4: so that it expects more of an impact to gross
Speaker 4: margins due to rising memory prices. So that's what you
Speaker 4: saw a lot of people zeroing in on earlier. But
Speaker 4: I mean, of course we are seeing this sales growth,
Speaker 4: so maybe that's what's kind of tilting people to the
Speaker 4: upside as we are sitting here in the afternoon seeing
Speaker 4: it trying to inch closer into the green right now,
Speaker 4: As you were saying.
Speaker 3: Carol, are you gonna hold on to it?
Speaker 4: What are we doing? Is it going to stay as
Speaker 4: a decliner?
Speaker 3: What?
Speaker 1: It all depends on what Apple does by the end
Speaker 1: of the day. But Kayla Cork is also a big
Speaker 1: decliner today, so we'll check that one out. Actually related
Speaker 1: to Apple today is your next stock that's that's moving today, absolutely,
Speaker 1: And that's certainly what you had to say about Memory
Speaker 1: prices going on.
Speaker 4: Yeah, sand Disk shares are on a tear, obsessed with
Speaker 4: I'm just looking at the action here insane. I mean,
Speaker 4: the stock is hitting a record high. This is ticker SNDK.
Speaker 4: We did see a pairings of its gains, but earlier
Speaker 4: surge as much as twenty five percent. Now take a
Speaker 4: look at a Ureter date base of the S and
Speaker 4: P five hundred and you'll see that this is a
Speaker 4: stock that is a number one best performing stock by
Speaker 4: a percentage basis in the S and P five hundred.
Speaker 4: It's holding on to that number one slot here. But
Speaker 4: we saw that revenue and the outlook beat expectations here
Speaker 4: for the stock. But the stock also serves more than
Speaker 4: sixteen hundred percent. That's one six zero zero percent since
Speaker 4: at iPod last year. So it's really been on a
Speaker 4: tear and we're certainly seeing the stock really Wall Street
Speaker 4: rally behind it, seeing a lot of optimism.
Speaker 3: Like these are the companies that you don't you know,
Speaker 3: weren't initially the ones we were talking about in terms
Speaker 3: of AI connections and so forth. But it's definitely this
Speaker 3: one Western Digital we've really seen to move to the side.
Speaker 3: This is an interesting one go.
Speaker 4: To Risin for Verizon ticker VZ. Now this sock. It
Speaker 4: did see its biggest gain in mobile phone subscribers since
Speaker 4: twenty nineteen. I'm looking at the action right now. Shares
Speaker 4: up about eleven percent as we speak. The company said
Speaker 4: that it's planning a buyback of as much as twenty
Speaker 4: five billion dollars in shares. So the stock earlier surging
Speaker 4: for its best day since two thousand and eight, shares
Speaker 4: rising as much as twelve percent on the day. This
Speaker 4: is the second best performing stock in the S and
Speaker 4: P five hundred. So Street clearly liken US news.
Speaker 2: The stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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