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: Always current with the stock movers. Lisa MITTEO, it's a podcast.
Speaker 3: It is a podcast. That's a good one too. You
Speaker 3: got to take a listen. Immunity Bio. We're going to
Speaker 3: start with their Their ticker is ib RX. Their share
Speaker 3: set to extend. I know, I know, I probably shouldn't
Speaker 3: have started here, but they're set to extend their advance
Speaker 3: for an eleven straight session. This is a record streak,
Speaker 3: so it's on pace for its biggest weekly gain since
Speaker 3: October twenty twenty three, best months in December twenty nineteen.
Speaker 3: So it shares. They jumped thirty two percent before the open.
Speaker 3: It's stepped back a bit, up about eleven percent. So
Speaker 3: a few things behind this. Okay, So yesterday the company
Speaker 3: gave this pulminary product revenue for the fourth quarter beat expectations,
Speaker 3: and then you go earlier in the week, they received
Speaker 3: accelerated approval that's from the Saudi Food and Drug Authority
Speaker 3: for one of its drugs. So all that kind of
Speaker 3: good news still stock.
Speaker 1: They have six hundred and seventy one employees. Yes, there's
Speaker 1: summer parties under one thousand people. They it's a moonshot
Speaker 1: from two to four not trading at four dollars fifty
Speaker 1: five cents? Is that like a meme stock?
Speaker 3: I don't know if it's memy, but I mean it's
Speaker 3: gone back. So it was thirty two and now it's eleven.
Speaker 3: So I mean, do you have.
Speaker 1: Something from the Dow we can talk about like an
Speaker 1: adult stuff, grown up stock.
Speaker 3: We'll go techy. Yes, yes, Okay. Shares of memory storage companies,
Speaker 3: they're actually a lot of them on the rise. Okay,
Speaker 3: I'll give you an example, like Micron ticker MU. Their
Speaker 3: shares have been up as much as five percent. The
Speaker 3: reason why this is an interesting article two on the
Speaker 3: terminal soaring prices for memory storage components. So there's been
Speaker 3: a strong demand for them, and experts are saying it's
Speaker 3: caused what they call a memory chip shortage, so prices higher.
Speaker 3: It's made them hot it stocks in the market over
Speaker 3: the past year. Bloemberger's reporting, though, the problem is that
Speaker 3: they're causing headaches for many of their customers. You have
Speaker 3: hardware companies like Apple and HP they're under pressure because
Speaker 3: they need those expensive memory components and that's making them
Speaker 3: an investing risk. So you see the other side of it.
Speaker 3: But aside from my cron it's also pushing up, you know,
Speaker 3: giving a lift to companies like sand Disk and also
Speaker 3: Seagate Technology too. On top of it, all right, I
Speaker 3: want to take you from tech to trucking. Okay, this
Speaker 3: is a JB Hunt Transport Services JBHT. Their shares fell
Speaker 3: as much as five percent some bended quarterly revenue missed estimates.
Speaker 3: It reported third quarter sales three billion lower than expected
Speaker 3: declines in its intermodal division and that's its biggest unit.
Speaker 3: Earnings per share did beat. It was helped by you know,
Speaker 3: cost cuts, but the results you're showing the challenges for
Speaker 3: the trucking industry soft shipping demand.
Speaker 1: In a lot of market economists folks. So good morning
Speaker 1: to Ed Hyman and of course the chairman Greenspan as well.
Speaker 1: They really pay attention to logistics transport, you know, I.
Speaker 4: Mean that's the life's blood without that correct I learned
Speaker 4: that during the pandemic.
Speaker 3: And it's seen its like an earning season's bella.
Speaker 1: There's more trucks in the street in Manhattan than there
Speaker 1: used to be. I think there is.
Speaker 4: I don't know, you know what this congestion pricing. I
Speaker 4: don't know if that's changed things a little bit. I
Speaker 4: feel like I can get around. I hate the congestion pricing.
Speaker 4: I live here and absolutely to test it, and I
Speaker 4: live in the zone. But I do feel like traffic's
Speaker 4: been lessened because of it.
Speaker 1: It's better.
Speaker 4: Dare I say, Yeah, Madison.
Speaker 1: Avenue is not as stupid as it used to be.
Speaker 4: Okay, yeah, sod with those crazy buses. I know, da
Speaker 4: even busters.
Speaker 1: What's going on? Yeah?
Speaker 3: What if I used to love this place?
Speaker 1: Okay?
Speaker 4: Now, yeah, I went there with my kids. I remember
Speaker 4: I used to give me a little bit of a headache,
Speaker 4: though I keep.
Speaker 3: That with a headache. Okay, So it's ticker p l
Speaker 3: E Y play love that. So there's shares have been
Speaker 3: up nearly five percent. This is a quick one. It's
Speaker 3: basically an upgrade story. Okay, this is from Benchmark upgrading
Speaker 3: it to buy from Hold. The reason why they're saying
Speaker 3: their January traffic is running stronger than December, so that's
Speaker 3: a good sign. And they also see some tailw and
Speaker 3: some no tax on tips also another thing, and potential
Speaker 3: text refunds too could also help them, So David Busters,
Speaker 3: you got to check it out.
Speaker 2: Tom This stock movers report from Bloomberg Radio. Check back
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