1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,760 --> 00:00:18,720 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,760 --> 00:00:22,480 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Pritty, GUPA and Critty. 6 00:00:22,560 --> 00:00:26,440 Speaker 1: It seems when Warren Buffett speaks, investors certainly listen. When 7 00:00:26,440 --> 00:00:30,680 Speaker 1: it comes to United Health this morning, what a surge. 8 00:00:30,720 --> 00:00:32,560 Speaker 1: Good morning, Good morning, Nathan. 9 00:00:32,680 --> 00:00:35,040 Speaker 3: You n H is the ticker a massive Dow component 10 00:00:35,080 --> 00:00:37,520 Speaker 3: we should all keep in mind higher. But I get 11 00:00:37,520 --> 00:00:41,280 Speaker 3: this twelve percent, almost twelve percent this morning. And to 12 00:00:41,320 --> 00:00:44,120 Speaker 3: your point, it's the Berkshire bid at work here. But 13 00:00:44,159 --> 00:00:47,960 Speaker 3: it's not just Berkshire, Hathaway say. United Health has been 14 00:00:48,000 --> 00:00:50,040 Speaker 3: under some pressure for quite some time, so to have 15 00:00:50,080 --> 00:00:51,920 Speaker 3: a little bit of a rebound here, you can see 16 00:00:51,920 --> 00:00:54,200 Speaker 3: how the market is really scooping that up. It's not 17 00:00:54,320 --> 00:00:56,760 Speaker 3: just United Health though, when it comes to some of 18 00:00:56,800 --> 00:00:58,920 Speaker 3: the movers, you have the likes of some of the 19 00:00:58,920 --> 00:01:02,840 Speaker 3: homebuilders as well, which also moving off of the Berkshire bid. 20 00:01:02,880 --> 00:01:05,560 Speaker 3: I love saying that term because I can tell it 21 00:01:05,640 --> 00:01:08,000 Speaker 3: comes up all the time. But United health, i'd say 22 00:01:08,040 --> 00:01:10,840 Speaker 3: is just one example. Lennar is another. When comps to 23 00:01:10,880 --> 00:01:13,959 Speaker 3: the home builders, the entire home building sector is rallying 24 00:01:14,040 --> 00:01:15,920 Speaker 3: this morning higher by four point three percent. 25 00:01:16,160 --> 00:01:17,720 Speaker 4: L e En is your ticker. 26 00:01:17,720 --> 00:01:20,360 Speaker 3: They're trading out about one hundred and thirty six dollars 27 00:01:20,440 --> 00:01:20,800 Speaker 3: a share. 28 00:01:20,840 --> 00:01:23,840 Speaker 4: So again the Berkshire bid there, it is again working 29 00:01:23,880 --> 00:01:24,480 Speaker 4: its magic. 30 00:01:24,720 --> 00:01:26,399 Speaker 3: But let me tell you what isn't because there's plenty 31 00:01:26,400 --> 00:01:29,679 Speaker 3: of downside movers as well, Nathan, especially when it comes 32 00:01:29,720 --> 00:01:31,320 Speaker 3: to the chip sector, and there's a kind of a 33 00:01:31,360 --> 00:01:33,759 Speaker 3: twofold story here. I want to start with applied Materials 34 00:01:34,000 --> 00:01:37,240 Speaker 3: because that is seeing a massive tumble this morning. Amat 35 00:01:37,920 --> 00:01:41,399 Speaker 3: is your ticker, down almost fifteen percent in the pre market, 36 00:01:41,640 --> 00:01:44,640 Speaker 3: trading just shy of one hundred and sixty one dollars 37 00:01:44,640 --> 00:01:46,320 Speaker 3: a share. Looks like they came out with the earnings. 38 00:01:46,440 --> 00:01:49,240 Speaker 3: They're really pointing to some weakness in China. And this 39 00:01:49,320 --> 00:01:51,880 Speaker 3: is important as well, because you did see a series 40 00:01:51,960 --> 00:01:55,560 Speaker 3: of economic data out this morning from China talking about 41 00:01:55,600 --> 00:01:58,840 Speaker 3: some of their kind of tariff impact here on top 42 00:01:58,880 --> 00:02:01,760 Speaker 3: of a slowdown in which really feeds to the idea 43 00:02:01,880 --> 00:02:04,280 Speaker 3: that some of that tear of pass through is finally 44 00:02:04,320 --> 00:02:07,120 Speaker 3: having an effect on the world's second largest economy. 45 00:02:07,160 --> 00:02:08,680 Speaker 4: We've seen the read through into Europe. 46 00:02:08,840 --> 00:02:12,400 Speaker 3: It loes feeding now into applied Materials as well. AMAT 47 00:02:12,919 --> 00:02:15,440 Speaker 3: down about to just shy fifteen percent one hundred and 48 00:02:15,480 --> 00:02:18,200 Speaker 3: sixty one dollars a share for that one. But Nathan, 49 00:02:18,240 --> 00:02:19,760 Speaker 3: while I'm at it, we should talk about some of 50 00:02:19,760 --> 00:02:23,000 Speaker 3: the other chip names, because although the chip sector broadly 51 00:02:23,080 --> 00:02:25,560 Speaker 3: is taking a little bit of a hit, Intel is 52 00:02:25,600 --> 00:02:27,280 Speaker 3: the notable outperformer. 53 00:02:27,360 --> 00:02:29,680 Speaker 4: IMTV is your ticker. 54 00:02:29,720 --> 00:02:32,000 Speaker 3: You know, they've been in the news for quite some time, 55 00:02:32,560 --> 00:02:35,120 Speaker 3: and this is really important when it comes to the 56 00:02:35,160 --> 00:02:38,200 Speaker 3: idea of the government, the US government potentially taking a 57 00:02:38,240 --> 00:02:41,480 Speaker 3: stake in Intel trading at about twenty five dollars a 58 00:02:41,520 --> 00:02:43,560 Speaker 3: share twenty four to forty seven is the exact read 59 00:02:43,880 --> 00:02:46,160 Speaker 3: hired by about two point six percent. It is your 60 00:02:46,280 --> 00:02:49,960 Speaker 3: biggest volume mover in the pre market this morning. So 61 00:02:50,080 --> 00:02:51,880 Speaker 3: really keep an eye on how this all shakes out, 62 00:02:52,000 --> 00:02:55,000 Speaker 3: especially given that Intel is moving against the grain that 63 00:02:55,040 --> 00:02:56,760 Speaker 3: you're seeing in some of the other chip makers. I mean, 64 00:02:56,800 --> 00:03:00,880 Speaker 3: I'm looking here at Lamb Research for example, LRC really 65 00:03:00,880 --> 00:03:03,640 Speaker 3: taking its tune from applied Materials down about five percent, 66 00:03:03,680 --> 00:03:05,120 Speaker 3: one hundred and one dollars a share. 67 00:03:05,400 --> 00:03:06,920 Speaker 4: Take a look at all the chip stocks. 68 00:03:07,000 --> 00:03:10,640 Speaker 3: They are down save Intel, so again a good, pretty 69 00:03:10,639 --> 00:03:13,640 Speaker 3: strong move there, Nathan, we should talk about some of 70 00:03:13,639 --> 00:03:16,120 Speaker 3: the defense stocks this morning, given that we are in 71 00:03:16,160 --> 00:03:21,040 Speaker 3: the countdown to the summit in Alaska between Vladimir Putin 72 00:03:21,280 --> 00:03:23,760 Speaker 3: and Donald Trump. Here in Europe, we've seen a massive 73 00:03:23,840 --> 00:03:26,120 Speaker 3: unwind in terms of European defense stocks, and that seems 74 00:03:26,160 --> 00:03:29,000 Speaker 3: to be bleeding into some of the US defense names 75 00:03:29,000 --> 00:03:32,160 Speaker 3: as well. Lockheed Martin is just one example. I'm waiting 76 00:03:32,200 --> 00:03:33,920 Speaker 3: for a early price on that. It looks like it 77 00:03:33,919 --> 00:03:36,280 Speaker 3: hasn't fully traded in the pre market yet, but yesterday 78 00:03:36,560 --> 00:03:39,120 Speaker 3: it did close just about one point three percent, So 79 00:03:39,240 --> 00:03:41,880 Speaker 3: keep an eye on the defense story there as well. 80 00:03:41,920 --> 00:03:44,080 Speaker 3: We like to take a look at raytheon are now 81 00:03:44,160 --> 00:03:47,440 Speaker 3: renamed as RTX, I believe, and that's going to be 82 00:03:47,480 --> 00:03:50,040 Speaker 3: a consistent theme about if there is a positive outcome 83 00:03:50,320 --> 00:03:53,160 Speaker 3: in these ceasefire talks through the defense names start to 84 00:03:53,200 --> 00:03:54,640 Speaker 3: see a little bit of an unwind. 85 00:03:56,600 --> 00:04:00,640 Speaker 2: This stock Mover's report from Bloomberg Radio. 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