WEBVTT - Sandisk Jumps, LVHM Sinks, CoreWeave Trades Higher

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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 Carol Maser along with Belly Lipshealtz. Let's get to

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<v Speaker 1>some stocks on the move today. With us is Bloomberg

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<v Speaker 1>News equity supporter Natalia Kenny Javich. She joins us here

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<v Speaker 1>in studio. We did have some big moves in neither

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<v Speaker 1>direction today exactly.

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<v Speaker 3>So let's start with SanDisk. The ticker is SNDK. The

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<v Speaker 3>stock joined jumped by as much as eleven percent today

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<v Speaker 3>finished the day up by eight percent. So the stock

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<v Speaker 3>rallied on the news that it will be included into

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<v Speaker 3>the Nasdaq one hundred next week. On top of that,

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<v Speaker 3>we also saw an upgrade from City Group for those

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<v Speaker 3>listeners who don't follow the stock specifically. So this is

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<v Speaker 3>the company that went public in February twenty twenty five.

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<v Speaker 3>It produces and designs memory cards USB driver for like photography, gaming,

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<v Speaker 3>or data centers. And since it went public, the stock

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<v Speaker 3>gained by two thousand, five hundred percent. It's if I'm

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<v Speaker 3>not mistaken, it's like the biggest gainer isn't B five

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<v Speaker 3>hundred over that timeframe. Notably, the stock has eleven by ratings,

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<v Speaker 3>six hold ratings, only one celebrating and twelve month price

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<v Speaker 3>target now sits at eight hundred and fifty one dollars

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<v Speaker 3>dollars and the stock is up. The stock price is

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<v Speaker 3>already at nine to fifty one hundred and fifty.

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<v Speaker 4>It's been a bread taking move. Just got to keep

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<v Speaker 4>in mind this is a company that was spun out

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<v Speaker 4>of Western Digital. Correct, So not only has it seen

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<v Speaker 4>that tremendous rally going from south of thirty dollars a

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<v Speaker 4>share to almost one thousand dollars a share, but kind

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<v Speaker 4>of another example of breaking up of a larger company

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<v Speaker 4>and kind of unlocking value. As much as I am

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<v Speaker 4>speaking banker right now, because when you look at Western

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<v Speaker 4>Digital take here WDC, it's up almost nine hundred percent

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<v Speaker 4>over the last twelve months. Yeah, really, just the entire

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<v Speaker 4>space has been I feel.

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<v Speaker 1>Like there was a period we kept talking about these

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<v Speaker 1>two names like until they broke apart and Western Digital

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<v Speaker 1>is that more than one hundred percent year today? And

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<v Speaker 1>sand Disk, as you mentioned, credit tear it's up more

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<v Speaker 1>than three hundred percent year. It is the number one

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<v Speaker 1>gator in the S and P this year.

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<v Speaker 4>I always find it interesting too when a company gets

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<v Speaker 4>spun out and then it is bigger than the company

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<v Speaker 4>that I'm separated from, which this is another example.

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<v Speaker 1>So unlocking value exactly, or at least in the mind

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<v Speaker 1>of investors, time will tell right longer term. All right,

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<v Speaker 1>so we have sand disk. You mentioned the ticker.

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<v Speaker 3>I think it's sn DK exactly. Yes, and now let's

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<v Speaker 3>switch to something. I don't know how often you guys

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<v Speaker 3>talk about luxury shopping. So, but I was watching LMH

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<v Speaker 3>and ADRs today, so they finished the day lower. The

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<v Speaker 3>company reported its first quarter organic revenue that missed expectations. Basically,

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<v Speaker 3>this is the first take on how the war in

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<v Speaker 3>around impacted the luxury segment. Now, it is interesting that

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<v Speaker 3>the Middle East sales fell fift two percent in March alone.

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<v Speaker 3>The region represents about six percent of total sales for LVAY.

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<v Speaker 3>Image analysts are already kind of pessimistic because they think

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<v Speaker 3>that this trend continues and we will see more, you know,

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<v Speaker 3>downside pressure on other luxury sales stocks. I should also

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<v Speaker 3>point out that if we look globally in terms of

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<v Speaker 3>how sales did across the world, So in Europe and

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<v Speaker 3>Japan it was not good. However, sales were surprisingly good

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<v Speaker 3>here in the United States and in the region that

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<v Speaker 3>includes China, so all buyers are potentially here or in China.

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<v Speaker 4>Interesting.

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<v Speaker 1>I do find it well. I feel like in the

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<v Speaker 1>US that speaks to kind of the case safe economy,

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<v Speaker 1>right exactly, but people who are doing well and they

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<v Speaker 1>have money and as long as the market isn't coming

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<v Speaker 1>undone and falling apart.

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<v Speaker 3>Or Chinese tourists because they usually come and buy lots

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<v Speaker 3>of fluxury stuff.

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<v Speaker 4>Well, the interesting thing too, we've been talking about this

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<v Speaker 4>from a data center investing perspective, is how much does

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<v Speaker 4>the damage and kind of uncertainty in the Middle East

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<v Speaker 4>impact ability to invest in US data centers And obviously

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<v Speaker 4>maybe some of the handbags and luxury atoms impacting as well.

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<v Speaker 4>But all right, Natalia last one Core with.

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<v Speaker 3>Core with I think it's a regular stock on this

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<v Speaker 3>On the show they take seer WV. It finished the

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<v Speaker 3>day up by eight percent, So we got an upgrade

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<v Speaker 3>from McQuire analyst today. So they said that basically these

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<v Speaker 3>recent announcements with Anthropic as well as meta platforms, they

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<v Speaker 3>kind of emphasize the keys that yes, ecosystem role is

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<v Speaker 3>becoming structural. They love it. Price target is now sitting

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<v Speaker 3>at one twenty five from ninety dollars, so it is

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<v Speaker 3>a pretty big upside move. However, keep in mind, guys,

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<v Speaker 3>right the company also core with announced that it's going

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<v Speaker 3>to offer convertible bonds, so maybe for some investors it's

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<v Speaker 3>kind of I don't know, maybe not the best signal.

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<v Speaker 3>And also, of course we are watching closely when the

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<v Speaker 3>company reports earnings. I'm going to use ew functional Bloomberg

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<v Speaker 3>terminal really quickly to say that, so, yes, the company reports, okay,

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<v Speaker 3>mid May, we'll keep an eye. Because the company still

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<v Speaker 3>doesn't generate any our profits.

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<v Speaker 1>That's it.

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<v Speaker 4>It's also one of the hotly debated stocks. To Natalia's point,

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<v Speaker 4>about twenty percent short interests, so yeah, a lot of

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<v Speaker 4>people betting on it. So if Andropic or.

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<v Speaker 1>Open Ai or Google and Meta back off, it's a

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<v Speaker 1>problem of stockmovers. Natalia, thank you so much. Check out

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<v Speaker 1>stock Movers. You can find it on Apple, Spotify, anywhere

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<v Speaker 1>you get your pockets.

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