1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:17,160 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,960 --> 00:00:20,360 Speaker 3: I'm Carol Messer along with Tim Stenewick. Let's take a 5 00:00:20,360 --> 00:00:23,200 Speaker 3: look at some of the stocks on the move on 6 00:00:23,800 --> 00:00:26,680 Speaker 3: this Monday, and with us is Bloomberg News Crosss A 7 00:00:26,760 --> 00:00:30,080 Speaker 3: reporter Emily GRAFEYO. All right, Emily, where do you want 8 00:00:30,080 --> 00:00:30,440 Speaker 3: to start? 9 00:00:30,640 --> 00:00:36,879 Speaker 4: Okay, let's start with robin Hood ticker food Hood, because 10 00:00:36,960 --> 00:00:39,160 Speaker 4: that stock was down as much as eight point four 11 00:00:39,600 --> 00:00:43,040 Speaker 4: percent today. It did pair back most of those losses. 12 00:00:43,040 --> 00:00:45,680 Speaker 4: It finished the day down about two percent. But this 13 00:00:45,840 --> 00:00:49,320 Speaker 4: was all coming from speculation that it was going to 14 00:00:49,360 --> 00:00:51,519 Speaker 4: be added to the S and P five hundred, with 15 00:00:51,600 --> 00:00:54,040 Speaker 4: that announcement coming on Friday. 16 00:00:54,280 --> 00:00:56,440 Speaker 5: But Friday afternoon. 17 00:00:55,960 --> 00:00:59,639 Speaker 4: Came and went and the SMP Index committee actually made 18 00:00:59,680 --> 00:01:03,800 Speaker 4: no changes to the current makeup of the index. So 19 00:01:03,880 --> 00:01:05,920 Speaker 4: there was a lot of speculation maybe robin Hood would 20 00:01:05,920 --> 00:01:09,520 Speaker 4: be added, but it wasn't, And so that stock had 21 00:01:09,720 --> 00:01:14,319 Speaker 4: hit several record highs last week, but it's it fell today. 22 00:01:14,880 --> 00:01:15,800 Speaker 1: I love this story. 23 00:01:15,840 --> 00:01:18,160 Speaker 6: You wrote a great story about this that everybody should 24 00:01:18,200 --> 00:01:20,440 Speaker 6: read on the Bloomberg terminal or at Bloomberg dot com. 25 00:01:20,480 --> 00:01:24,399 Speaker 6: Emily explained for everybody, and look thirteen percent higher last 26 00:01:24,440 --> 00:01:27,080 Speaker 6: week on speculation that it would enter the index, explained 27 00:01:27,080 --> 00:01:30,920 Speaker 6: for everybody in a world of passive investing, why stocks 28 00:01:30,920 --> 00:01:32,920 Speaker 6: move higher when they are added to the index. 29 00:01:33,480 --> 00:01:36,920 Speaker 4: So there's a little bit of space in between the 30 00:01:36,959 --> 00:01:40,479 Speaker 4: time that the index announces that it's going to make 31 00:01:40,520 --> 00:01:42,759 Speaker 4: a change and when the change actually goes through. 32 00:01:42,840 --> 00:01:44,119 Speaker 5: It's about I think it's like. 33 00:01:44,080 --> 00:01:49,280 Speaker 4: Two weeks, and so in that time a lot of traders, 34 00:01:49,520 --> 00:01:53,120 Speaker 4: hedge funds, they anticipate that when the changes actually go through, 35 00:01:53,360 --> 00:01:54,720 Speaker 4: there's going to be a ton of buying. 36 00:01:54,920 --> 00:01:56,000 Speaker 5: Passive indexes. 37 00:01:56,400 --> 00:01:58,880 Speaker 4: ETF's mutual funds that track the S and P five 38 00:01:58,960 --> 00:02:01,480 Speaker 4: hundred are going to have to buy this stock because 39 00:02:01,480 --> 00:02:04,400 Speaker 4: they have to mirror what the index looks like. So 40 00:02:04,720 --> 00:02:08,200 Speaker 4: they buy the stock before those changes actually go through 41 00:02:08,639 --> 00:02:10,760 Speaker 4: to kind of get ahead of the trade, and then 42 00:02:10,800 --> 00:02:12,679 Speaker 4: they sell it. So that's why actually sometimes on the 43 00:02:12,760 --> 00:02:15,560 Speaker 4: days that the index changes actually go into effect, we 44 00:02:15,600 --> 00:02:18,360 Speaker 4: see the stock fall. But we didn't even get to 45 00:02:18,360 --> 00:02:21,200 Speaker 4: see that happen for Robinhood because of course it's not 46 00:02:21,360 --> 00:02:22,600 Speaker 4: in the running right now. 47 00:02:22,639 --> 00:02:24,680 Speaker 5: But maybe next quarter it will be added. We'll have 48 00:02:24,680 --> 00:02:25,359 Speaker 5: to see. 49 00:02:26,080 --> 00:02:28,520 Speaker 3: I love it, right, It's a guessing game to some extent, right, 50 00:02:28,520 --> 00:02:30,640 Speaker 3: Oh yeah, And I feel like we, you know, sometimes 51 00:02:30,639 --> 00:02:32,880 Speaker 3: we feel like we really really know, and then it 52 00:02:32,880 --> 00:02:35,800 Speaker 3: doesn't necessarily play out that way. Hey, one group that 53 00:02:35,880 --> 00:02:39,400 Speaker 3: we were watching in a big way semiconductors as a whole. 54 00:02:40,080 --> 00:02:44,760 Speaker 3: The socks was up easily outpacing the overall broader market. Qualcom, though, 55 00:02:44,840 --> 00:02:47,279 Speaker 3: is one name that's been on your radar today. 56 00:02:47,120 --> 00:02:49,200 Speaker 5: Yeah, Tiger q coom. 57 00:02:49,400 --> 00:02:51,840 Speaker 4: This was a standout because the chip maker reached an 58 00:02:51,840 --> 00:02:54,799 Speaker 4: agreement to buy Alpha Wave for about two point four 59 00:02:54,840 --> 00:02:57,320 Speaker 4: billion in cash. You look at what the street had 60 00:02:57,320 --> 00:03:00,760 Speaker 4: to say about this deal. Bloomer Intelligence said that it 61 00:03:00,880 --> 00:03:06,560 Speaker 4: confirms Qualcomm's ambitions to expand into the AI data center market. 62 00:03:06,560 --> 00:03:09,160 Speaker 4: And I saw a couple other notes that we're talking 63 00:03:09,200 --> 00:03:12,240 Speaker 4: about how this is kind of like Qualcom pivoting more 64 00:03:12,320 --> 00:03:15,440 Speaker 4: into that data center play as opposed to just being 65 00:03:15,520 --> 00:03:16,680 Speaker 4: known for the. 66 00:03:16,720 --> 00:03:17,920 Speaker 5: Chip maker for Apple. 67 00:03:18,000 --> 00:03:20,680 Speaker 4: I feel like I often read stories about Qualcom and 68 00:03:20,760 --> 00:03:24,840 Speaker 4: the next description of the company is they supply chips 69 00:03:24,840 --> 00:03:27,440 Speaker 4: for Apple, and so I guess they're trying to kind 70 00:03:27,440 --> 00:03:31,120 Speaker 4: of diversify away from that. JP Morgan said this is 71 00:03:31,120 --> 00:03:34,800 Speaker 4: a strategic acquisition to enhance its position in the. 72 00:03:34,840 --> 00:03:35,800 Speaker 5: Data center market. 73 00:03:36,720 --> 00:03:38,880 Speaker 4: The context for the stock here is that it's actually 74 00:03:38,920 --> 00:03:42,480 Speaker 4: just up one percent year to date, slightly below what 75 00:03:42,560 --> 00:03:45,800 Speaker 4: the market is doing, so they need they needed this 76 00:03:45,880 --> 00:03:46,680 Speaker 4: gain today. 77 00:03:47,560 --> 00:03:49,320 Speaker 1: Carol, do you know where Qualcom is based? 78 00:03:49,880 --> 00:03:50,280 Speaker 3: Nearby? 79 00:03:50,360 --> 00:03:54,880 Speaker 1: Isn't it San Diego? We're headed on Tuesday. 80 00:03:54,960 --> 00:03:56,400 Speaker 5: Wait, let's try this again. Ask the question. 81 00:03:56,440 --> 00:03:59,400 Speaker 6: Answer you know where Qualcom is based? San Diego, San Diego. 82 00:03:59,440 --> 00:04:01,080 Speaker 1: It's a big lawyer in San Diego. 83 00:04:01,400 --> 00:04:02,640 Speaker 5: We will be there on Tuesday. 84 00:04:02,720 --> 00:04:04,840 Speaker 1: We'll be there on Tuesday, all right, emli Grafeo. 85 00:04:04,920 --> 00:04:08,680 Speaker 6: We're not going to take a car, but maybe the 86 00:04:08,720 --> 00:04:12,160 Speaker 6: tires of our airplane will be made out of Goodyear? 87 00:04:12,720 --> 00:04:12,960 Speaker 4: Yeah? 88 00:04:13,000 --> 00:04:14,240 Speaker 1: From Goodyear? Was that a. 89 00:04:14,120 --> 00:04:17,559 Speaker 4: Segue that I really didn't know where you were going 90 00:04:17,600 --> 00:04:21,400 Speaker 4: with that, But sure we can, we can. We can 91 00:04:21,440 --> 00:04:25,120 Speaker 4: talk about this stock, Goodyear, Tire and Rubber. Finish the 92 00:04:25,200 --> 00:04:30,480 Speaker 4: day up eleven percent. The ticker's gt They got an 93 00:04:30,560 --> 00:04:33,719 Speaker 4: upgrade over at BNP parabomb and they said they upgraded 94 00:04:33,720 --> 00:04:36,839 Speaker 4: the tire seller to outperform from neutral. They called the 95 00:04:36,880 --> 00:04:41,440 Speaker 4: company a true tariff's winner, and they have low industry 96 00:04:41,480 --> 00:04:46,280 Speaker 4: low tariff exposure that's going to drive meaningful earnings upside. 97 00:04:46,600 --> 00:04:49,400 Speaker 4: I've always like, I feel like the last couple months 98 00:04:50,040 --> 00:04:52,120 Speaker 4: and weeks, I've been looking for like what is a 99 00:04:52,160 --> 00:04:54,159 Speaker 4: tariff winner, what's a loser? 100 00:04:54,640 --> 00:04:57,719 Speaker 5: This was not intuitive to me. 101 00:04:57,880 --> 00:05:00,839 Speaker 4: Like a tire maker, you'd think that there's like a 102 00:05:00,839 --> 00:05:03,760 Speaker 4: lot of supply chain dynamics that go into getting rubber 103 00:05:03,800 --> 00:05:06,320 Speaker 4: and making it tire. But at least according to this 104 00:05:06,440 --> 00:05:11,280 Speaker 4: latest upgrade, they're going to benefit from these Section two 105 00:05:11,279 --> 00:05:14,280 Speaker 4: thirty two auto tariffs. Approximately this I'm just citing the 106 00:05:14,320 --> 00:05:17,239 Speaker 4: analyst report. Thirty five percent of all US tires sold 107 00:05:17,279 --> 00:05:20,119 Speaker 4: now incur twenty five percent duty rate, but only twelve 108 00:05:20,200 --> 00:05:23,159 Speaker 4: percent of their sales are subject to these tariffs. 109 00:05:23,200 --> 00:05:24,520 Speaker 5: So that's not kind a good. 110 00:05:24,480 --> 00:05:27,400 Speaker 3: Day, all right, good stuff, good roundup of some of 111 00:05:27,440 --> 00:05:30,520 Speaker 3: the movers on this Monday, That, of course is Bloomberg 112 00:05:30,520 --> 00:05:34,120 Speaker 3: News crosss At reporter Emily Gurfeo joining us with some 113 00:05:34,160 --> 00:05:35,200 Speaker 3: of the stocks on. 114 00:05:35,080 --> 00:05:40,440 Speaker 2: The move the Stock Movers podcast from Bloomberg Radio. Check 115 00:05:40,480 --> 00:05:43,000 Speaker 2: back with us throughout the day for the latest roundup 116 00:05:43,040 --> 00:05:45,880 Speaker 2: of companies making news on Wall Street and for the 117 00:05:45,960 --> 00:05:50,360 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live. Catch 118 00:05:50,440 --> 00:05:53,520 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 119 00:05:53,520 --> 00:05:55,960 Speaker 2: Android Auto with the Bloomberg Business app.