Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Maser along with Belly Lipshealtz. Let's get to
Speaker 1: some stocks on the move today. With us is Bloomberg
Speaker 1: News equity supporter Natalia Kenny Javich. She joins us here
Speaker 1: in studio. We did have some big moves in neither
Speaker 1: direction today exactly.
Speaker 3: So let's start with SanDisk. The ticker is SNDK. The
Speaker 3: stock joined jumped by as much as eleven percent today
Speaker 3: finished the day up by eight percent. So the stock
Speaker 3: rallied on the news that it will be included into
Speaker 3: the Nasdaq one hundred next week. On top of that,
Speaker 3: we also saw an upgrade from City Group for those
Speaker 3: listeners who don't follow the stock specifically. So this is
Speaker 3: the company that went public in February twenty twenty five.
Speaker 3: It produces and designs memory cards USB driver for like photography, gaming,
Speaker 3: or data centers. And since it went public, the stock
Speaker 3: gained by two thousand, five hundred percent. It's if I'm
Speaker 3: not mistaken, it's like the biggest gainer isn't B five
Speaker 3: hundred over that timeframe. Notably, the stock has eleven by ratings,
Speaker 3: six hold ratings, only one celebrating and twelve month price
Speaker 3: target now sits at eight hundred and fifty one dollars
Speaker 3: dollars and the stock is up. The stock price is
Speaker 3: already at nine to fifty one hundred and fifty.
Speaker 4: It's been a bread taking move. Just got to keep
Speaker 4: in mind this is a company that was spun out
Speaker 4: of Western Digital. Correct, So not only has it seen
Speaker 4: that tremendous rally going from south of thirty dollars a
Speaker 4: share to almost one thousand dollars a share, but kind
Speaker 4: of another example of breaking up of a larger company
Speaker 4: and kind of unlocking value. As much as I am
Speaker 4: speaking banker right now, because when you look at Western
Speaker 4: Digital take here WDC, it's up almost nine hundred percent
Speaker 4: over the last twelve months. Yeah, really, just the entire
Speaker 4: space has been I feel.
Speaker 1: Like there was a period we kept talking about these
Speaker 1: two names like until they broke apart and Western Digital
Speaker 1: is that more than one hundred percent year today? And
Speaker 1: sand Disk, as you mentioned, credit tear it's up more
Speaker 1: than three hundred percent year. It is the number one
Speaker 1: gator in the S and P this year.
Speaker 4: I always find it interesting too when a company gets
Speaker 4: spun out and then it is bigger than the company
Speaker 4: that I'm separated from, which this is another example.
Speaker 1: So unlocking value exactly, or at least in the mind
Speaker 1: of investors, time will tell right longer term. All right,
Speaker 1: so we have sand disk. You mentioned the ticker.
Speaker 3: I think it's sn DK exactly. Yes, and now let's
Speaker 3: switch to something. I don't know how often you guys
Speaker 3: talk about luxury shopping. So, but I was watching LMH
Speaker 3: and ADRs today, so they finished the day lower. The
Speaker 3: company reported its first quarter organic revenue that missed expectations. Basically,
Speaker 3: this is the first take on how the war in
Speaker 3: around impacted the luxury segment. Now, it is interesting that
Speaker 3: the Middle East sales fell fift two percent in March alone.
Speaker 3: The region represents about six percent of total sales for LVAY.
Speaker 3: Image analysts are already kind of pessimistic because they think
Speaker 3: that this trend continues and we will see more, you know,
Speaker 3: downside pressure on other luxury sales stocks. I should also
Speaker 3: point out that if we look globally in terms of
Speaker 3: how sales did across the world, So in Europe and
Speaker 3: Japan it was not good. However, sales were surprisingly good
Speaker 3: here in the United States and in the region that
Speaker 3: includes China, so all buyers are potentially here or in China.
Speaker 4: Interesting.
Speaker 1: I do find it well. I feel like in the
Speaker 1: US that speaks to kind of the case safe economy,
Speaker 1: right exactly, but people who are doing well and they
Speaker 1: have money and as long as the market isn't coming
Speaker 1: undone and falling apart.
Speaker 3: Or Chinese tourists because they usually come and buy lots
Speaker 3: of fluxury stuff.
Speaker 4: Well, the interesting thing too, we've been talking about this
Speaker 4: from a data center investing perspective, is how much does
Speaker 4: the damage and kind of uncertainty in the Middle East
Speaker 4: impact ability to invest in US data centers And obviously
Speaker 4: maybe some of the handbags and luxury atoms impacting as well.
Speaker 4: But all right, Natalia last one Core with.
Speaker 3: Core with I think it's a regular stock on this
Speaker 3: On the show they take seer WV. It finished the
Speaker 3: day up by eight percent, So we got an upgrade
Speaker 3: from McQuire analyst today. So they said that basically these
Speaker 3: recent announcements with Anthropic as well as meta platforms, they
Speaker 3: kind of emphasize the keys that yes, ecosystem role is
Speaker 3: becoming structural. They love it. Price target is now sitting
Speaker 3: at one twenty five from ninety dollars, so it is
Speaker 3: a pretty big upside move. However, keep in mind, guys,
Speaker 3: right the company also core with announced that it's going
Speaker 3: to offer convertible bonds, so maybe for some investors it's
Speaker 3: kind of I don't know, maybe not the best signal.
Speaker 3: And also, of course we are watching closely when the
Speaker 3: company reports earnings. I'm going to use ew functional Bloomberg
Speaker 3: terminal really quickly to say that, so, yes, the company reports, okay,
Speaker 3: mid May, we'll keep an eye. Because the company still
Speaker 3: doesn't generate any our profits.
Speaker 1: That's it.
Speaker 4: It's also one of the hotly debated stocks. To Natalia's point,
Speaker 4: about twenty percent short interests, so yeah, a lot of
Speaker 4: people betting on it. So if Andropic or.
Speaker 1: Open Ai or Google and Meta back off, it's a
Speaker 1: problem of stockmovers. Natalia, thank you so much. Check out
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