WEBVTT - Semiconductor Stocks Fall, Tesla Sinks, Moderna Gains

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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 1>I'm Tim Statobek along with Nora Melnda. We're joined by

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<v Speaker 1>Bloomberg News Deputy team leader and a senior reporter, Jess Menton.

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<v Speaker 3>Hey, Jess, Hey, So it's been fun. I'm glad y'all

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<v Speaker 3>laid that out because it's an interesting dynamic within the markets, because,

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<v Speaker 3>like y'all said, you have the NASAK one hundred down

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<v Speaker 3>more than two percent if you look at the VIS

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<v Speaker 3>though below seventeen, and then the equal Weight Index the

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<v Speaker 3>SPW marginally hires. So to Nora's point, where you're seeing

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<v Speaker 3>healthcare out performing some of those diving pairs. On the

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<v Speaker 3>opposite side of that is, of course, technology. So I

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<v Speaker 3>wanted to start off with sand disc as some of

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<v Speaker 3>the top stocks that I'm watching. Sn DK's the tickers

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<v Speaker 3>and belong This down about fourteen percent, so this would

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<v Speaker 3>be its worst day since February fourth, But this comes

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<v Speaker 3>on the back of the information was actually reporting about

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<v Speaker 3>Anthropic and how they're starting early stage work on its

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<v Speaker 3>own AI chip, potentially holding stocks with Samsung Electronics about

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<v Speaker 3>a potential manufacturing partner there. But of course, if you

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<v Speaker 3>pull it back and just look at the socks in

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<v Speaker 3>general over the last two days, down about twelve percent,

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<v Speaker 3>I can't fail to mention though, the second quarter was

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<v Speaker 3>its best quarter on record, and then even the first

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<v Speaker 3>half of chip stocks was the best first half relative

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<v Speaker 3>to the S and P five hundred in history. So

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<v Speaker 3>you're starting to see some of those chip stocks give

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<v Speaker 3>back those games, and specifically more of those production makers today.

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<v Speaker 3>And then if you're looking at that in video is

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<v Speaker 3>still down about two percent, but much more pain though

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<v Speaker 3>for those production type chip makers in the double digits today. Yeah.

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<v Speaker 1>Tom Thortt and over at Hedge Fund Telemetry sending me

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<v Speaker 1>some ivs on the Bloomberg terminal. Tom, thanks for always king.

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<v Speaker 2>I know Tom, well, he's a big.

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<v Speaker 1>And he watches well, he watches the semiconductors closely. Yes,

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<v Speaker 1>and he's reminding me that Micron is at its lowest.

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<v Speaker 1>It said it could be making a one month closing

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<v Speaker 1>low today. It's not there yet. It's at its lowest

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<v Speaker 1>going back to June tenth, so yeah, not quite a

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<v Speaker 1>one month low, but he and many others are watching

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<v Speaker 1>these stocks closely, especially after what happened in Korea overnight of.

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<v Speaker 3>Great christ and then SanDisk, given if you look before

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<v Speaker 3>today and yesterday for the first half of the twelve

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<v Speaker 3>over twelve month period, I mean that stock was up

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<v Speaker 3>over four thousand percent and up over eight hundred percent

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<v Speaker 3>in the first half of this year, the best performer

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<v Speaker 3>in the Nasdaq obviously if you're looking at the S

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<v Speaker 3>and P five hundred, so giving back some of those games,

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<v Speaker 3>but still a huge run here for sand Disk as

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<v Speaker 3>well as Micron. So from semiconductors. Let's stay a little

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<v Speaker 3>bit in the tech space, but we'll call it Auto's Tesla.

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<v Speaker 3>So if you're yes so MAG seven specifically, if you're

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<v Speaker 3>looking at that basket that we have in the terminal,

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<v Speaker 3>BM seventy is the ticker on that. Tesla is the

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<v Speaker 3>biggest decliner in the MAG seven today, down about eight percent.

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<v Speaker 3>TSLA is the ticker symbol for Tesla, So worst day

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<v Speaker 3>since July twenty fourth of last year. Unfortunately, even though

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<v Speaker 3>it actually beat on a number of metrics for when

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<v Speaker 3>you're looking at those deliveries up about twenty five percent

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<v Speaker 3>year over year for this second quarter, that stock was

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<v Speaker 3>up for four consecutive straight sessions leading into this, so

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<v Speaker 3>potentially being kind of by the rumor, sell the news event.

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<v Speaker 3>But on the flip side of that, Rivian our IVN

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<v Speaker 3>is the ticker up eight percent so on Paceport's best

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<v Speaker 3>day since February thirteenth, But you're seeing a little bit

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<v Speaker 3>of a different story there. It also raised its full

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<v Speaker 3>year guidance in sales outlooks, so you're seeing a bit

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<v Speaker 3>of a brighter spot for Rivian, even though you saw

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<v Speaker 3>Tesla still beat on a number of metrics.

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<v Speaker 1>Okay, we talked Tesla and Rivian. Let's go to some

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<v Speaker 1>pharmaceutical names, mRNA, Maderna, So this has to.

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<v Speaker 3>Do with some of the equal weight and while we're

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<v Speaker 3>seeing that outperform with Mark who Dora was talking about earlier,

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<v Speaker 3>so you're seeing those dividend payers. So mRNA is the

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<v Speaker 3>ticker symbol for Moderna, up nine percent on Peaceport's best

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<v Speaker 3>day since June twenty six. But if you look here

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<v Speaker 3>to date, though it's been quite on a tear, up

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<v Speaker 3>one hundred and sixty eight percent. Of course, I have

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<v Speaker 3>to point out been down for four straight years in

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<v Speaker 3>a row. Was one of these COVID darlings, but since

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<v Speaker 3>its Science Day was actually a week ago on June

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<v Speaker 3>twenty fifth, it announced some positive developments when it comes

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<v Speaker 3>to vaccines and mRNA. But that stock's actually up thirty

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<v Speaker 3>percent over the last week since that Science Day, So

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<v Speaker 3>you're seeing that as those Boston Scientific other dividend payers

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<v Speaker 3>in the healthcare space.

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<v Speaker 1>Yes, it's still even with today's increase and what we've

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<v Speaker 1>seen this year from Madonna, it's still a far cry

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<v Speaker 1>from what it was exactly COVID vaccine days. I think

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<v Speaker 1>also investors are struggling with what are regulators in this

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<v Speaker 1>right house?

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<v Speaker 3>Very different than what was like that five six years ago.

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<v Speaker 2>The Stock Mover's Report from Bloomberg Radio. Check back with

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