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 00:00:16,360 --> 00:00:18,160 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,160 --> 00:00:21,200 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Starting off 6 00:00:21,200 --> 00:00:24,520 Speaker 1: with the biggest gainer in the pre market. What is 7 00:00:24,560 --> 00:00:27,760 Speaker 1: going on with Jeffries this morning? Dan, Good morning, Good morning. 8 00:00:27,840 --> 00:00:30,639 Speaker 3: Nathan's. Shares of Jeffries are up nearly ten percent in 9 00:00:30,680 --> 00:00:35,880 Speaker 3: the pre market underticker jef. That's as Sumitomo MITSUI Financial 10 00:00:35,960 --> 00:00:39,479 Speaker 3: Group easier to call it, SMFG is working on plans 11 00:00:39,720 --> 00:00:43,120 Speaker 3: for a possible Jeffries takeover. That's according the Financial Time, 12 00:00:43,280 --> 00:00:48,440 Speaker 3: citing people familiar with the matter. Smfg's banking subsidiary already 13 00:00:48,479 --> 00:00:51,400 Speaker 3: holds a minority stake in Jeffries, and it's said to 14 00:00:51,440 --> 00:00:53,960 Speaker 3: have a small team preparing to act if Jeffrey shares 15 00:00:54,000 --> 00:00:57,360 Speaker 3: fall enough to present an opportunity, although it says although 16 00:00:57,400 --> 00:01:01,200 Speaker 3: the people familiar said a move is not imminent. Those 17 00:01:01,320 --> 00:01:04,760 Speaker 3: Jeffrey shares are down over forty percent from last year's high, 18 00:01:04,920 --> 00:01:07,199 Speaker 3: getting a little popped today, so they're not getting any. 19 00:01:07,080 --> 00:01:09,640 Speaker 1: Cheaper and an even bigger gainer for more of a 20 00:01:09,680 --> 00:01:13,319 Speaker 1: MidCap stock. Netgear is surging this morning, Dan. 21 00:01:13,880 --> 00:01:17,560 Speaker 3: So, Yeah, it's a router maker underticker NTGR, and those 22 00:01:17,600 --> 00:01:20,839 Speaker 3: shares are up thirteen percent in the pre market. That's 23 00:01:20,920 --> 00:01:25,520 Speaker 3: as the US's FCC has banned imports of all foreign 24 00:01:25,520 --> 00:01:29,479 Speaker 3: and made consumer great routers. They determined that they pose 25 00:01:29,600 --> 00:01:32,959 Speaker 3: that these routers pose quote unacceptable risks to the national 26 00:01:32,959 --> 00:01:35,920 Speaker 3: security of the United States end quote. There is an 27 00:01:36,040 --> 00:01:39,840 Speaker 3: exemption for some four routers which have been granted conditional approval, 28 00:01:40,280 --> 00:01:43,720 Speaker 3: and this is benefiting Netgear as it dramatically shakes up 29 00:01:43,720 --> 00:01:47,120 Speaker 3: the market for routers which are primarily made overseas. A 30 00:01:47,160 --> 00:01:51,200 Speaker 3: stifled analyst node that despite Netgear manufacturing internationally, it does 31 00:01:51,240 --> 00:01:54,720 Speaker 3: not manufacture in China, and he also highlighted that Netgear 32 00:01:54,720 --> 00:01:57,720 Speaker 3: could benefit from being US based and having a transparent 33 00:01:57,760 --> 00:01:58,400 Speaker 3: supply chain. 34 00:01:58,960 --> 00:02:01,120 Speaker 1: Let's talk about another star in the green this morning, 35 00:02:01,200 --> 00:02:03,960 Speaker 1: after earnings of Smithfield Foods. 36 00:02:04,520 --> 00:02:07,279 Speaker 3: That's right. So this is a packaged meat and fresh 37 00:02:07,320 --> 00:02:10,760 Speaker 3: pork company. It beat fourth quarter earnings and sales estimates. 38 00:02:10,880 --> 00:02:14,080 Speaker 3: The ticker is SFD. Those shares are up three percent 39 00:02:14,160 --> 00:02:16,600 Speaker 3: in the pre market. Earnings for the period came in 40 00:02:16,639 --> 00:02:19,000 Speaker 3: at eighty three cents per share. That's better than the 41 00:02:19,040 --> 00:02:22,680 Speaker 3: sixty eight cent per share estimate. The company the iPod 42 00:02:22,680 --> 00:02:25,320 Speaker 3: in January of last year, is up over twenty percent 43 00:02:25,400 --> 00:02:28,079 Speaker 3: since then, twice the S and P five hundreds gains. 44 00:02:28,400 --> 00:02:31,680 Speaker 3: It recently entered into an agreement to acquire Nathan's famous 45 00:02:31,720 --> 00:02:34,480 Speaker 3: The hot Dog brand, which will turn it into the 46 00:02:34,480 --> 00:02:38,520 Speaker 3: brand owner of that business. The company iterated it expects 47 00:02:38,520 --> 00:02:41,600 Speaker 3: a media earnings growth once that deal is completed. 48 00:02:41,639 --> 00:02:45,639 Speaker 1: And another stock in the green this morning, not when 49 00:02:45,680 --> 00:02:48,320 Speaker 1: we talk about too much, but nice little gain here 50 00:02:48,360 --> 00:02:50,440 Speaker 1: for Applied Opto Electronics. 51 00:02:50,800 --> 00:02:54,200 Speaker 3: That's right, the tickers AAoI. Those shares are up about 52 00:02:54,240 --> 00:02:57,360 Speaker 3: three percent in the pre market. The optical networking company 53 00:02:57,400 --> 00:02:59,600 Speaker 3: said it received a new volume order worth over fifty 54 00:02:59,639 --> 00:03:02,720 Speaker 3: million dollar dollars from one of its major hyperscale customers. 55 00:03:03,040 --> 00:03:05,640 Speaker 3: This is going to go towards transceivers to help expand 56 00:03:05,680 --> 00:03:09,079 Speaker 3: network capacity for AI driven workloads, and it follows in 57 00:03:09,200 --> 00:03:11,520 Speaker 3: order last week from the same customer that was twice 58 00:03:11,560 --> 00:03:14,480 Speaker 3: the size. I'm definitely keeping my eyes on optical device 59 00:03:14,520 --> 00:03:17,919 Speaker 3: makers as the AI buildout comes up. Earlier this year, 60 00:03:17,960 --> 00:03:21,000 Speaker 3: we saw Courting announce a multi year contract from Metal 61 00:03:21,040 --> 00:03:24,000 Speaker 3: worth up to six billion dollars. So as the hyperscalers 62 00:03:24,000 --> 00:03:26,600 Speaker 3: build out, this is definitely a key space to watch 63 00:03:26,720 --> 00:03:28,680 Speaker 3: for some where some of that capex is going. 64 00:03:29,680 --> 00:03:33,720 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 65 00:03:33,800 --> 00:03:36,360 Speaker 2: us throughout the day for the latest roundup of companies 66 00:03:36,440 --> 00:03:39,520 Speaker 2: making news on Wall Street and for the latest market 67 00:03:39,600 --> 00:03:44,040 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 68 00:03:44,120 --> 00:03:47,640 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 69 00:03:47,720 --> 00:03:49,200 Speaker 2: the Bloomberg Business app.