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 3: I'm Tim Staneveek along with Carol Master. Let's take a
Speaker 3: look at some stocks on the move this week. We're
Speaker 3: joined by Bloomberg News Equities reporter Jordan Fitzgerald.
Speaker 4: What'd you choose?
Speaker 2: Uh?
Speaker 5: I brought a bit more of an interesting mix this
Speaker 5: week than just talking about SanDisk over and over and over.
Speaker 3: That was last week.
Speaker 5: That was last week. Feels like it's every week it does.
Speaker 5: But I thought Maderna would be an interesting one to
Speaker 5: talk about today. Healthcare stocks did underperform today, but Maderna
Speaker 5: had this rip of a week, up twenty two percent
Speaker 5: week over week. That's the best week since May twenty
Speaker 5: twenty four. And there are kind of multiple reasons why
Speaker 5: this is in play today. Our beautist Biopharma lost a
Speaker 5: patent appeal that would have boosted its case against Maderna.
Speaker 5: Vaccine makers rose early this week as doctors reaffirm their
Speaker 5: dedication to vaccine recommendations in the face of RFK Junior's
Speaker 5: MAHA endeavor and earlier this week, Maderna forecast full year
Speaker 5: revenue that came in line with estimates. So there's some
Speaker 5: there's some good things going on there, and it's been
Speaker 5: having a tough time.
Speaker 4: It's okay, tough time.
Speaker 5: And if you if you look at it on a
Speaker 5: technical basis, if you ask some technicians, Maderna's in this
Speaker 5: rounding bottom pattern that could end up fairly bullish, but
Speaker 5: also one you maybe don't want to put all your
Speaker 5: bets on because it really isn't doing as well as
Speaker 5: it was a couple of years ago.
Speaker 1: At that If you were bullish this week on the
Speaker 1: name number one gainor in the S and P five hundred,
Speaker 1: you did, okay.
Speaker 3: We spoke to one of the co founders of Moderna
Speaker 3: earlier this week, newbar Fan, you were out, I was
Speaker 3: at This was tuesday. You can check out that interview
Speaker 3: on our podcast feed.
Speaker 4: All right, where shall we go next?
Speaker 5: I think Constellation Energy we can't, we can't ignore today.
Speaker 5: Constellation Energy down more than ten percent this week. That's
Speaker 5: the worst week since April when Liberation Day was really
Speaker 5: billing the market. And it's all part of this energy
Speaker 5: power news that we've been grappling with. Trump is trying
Speaker 5: to address how data centers are really putting costs on consumers,
Speaker 5: and when consumers aren't paying, companies make less money. And
Speaker 5: so these utility companies, as as Trump is pushing this
Speaker 5: emergency power auction, are droppings as investors are forecasting that
Speaker 5: maybe you know, Constellation is not going to make as
Speaker 5: much money as it would have without this.
Speaker 1: You know, it makes me want to and let me
Speaker 1: just see, like do a little technical function like an
Speaker 1: RSI on it. And it's definitely moving towards being over
Speaker 1: sold and just a technical thing, but we've talked about
Speaker 1: the fundamental story behind it so carefully.
Speaker 3: The point on our program on Friday that when we
Speaker 3: did see a lot of the declines that you know,
Speaker 3: the infrastructure investments that would lead to more power supply available,
Speaker 3: which would then lead to lower prices is so many
Speaker 3: years away.
Speaker 4: That you were a little struck by. I mean that's
Speaker 4: a big drop the move. Yeah, and just how quick
Speaker 4: that happened. Yeah, it's a I LinkedIn.
Speaker 5: I think everything we see with AI, it's it's more
Speaker 5: reactive than you know other categories are, and so you
Speaker 5: are going to get these big swings. I mean, Constellation
Speaker 5: is a stock that, in my opinion, tends to move
Speaker 5: a little bit more dramatically than some others, and so
Speaker 5: I'm not surprised that if the group is down, that
Speaker 5: Constellation is the biggest decliner.
Speaker 1: Yeah, I think time will tell, right, if you're going
Speaker 1: to if they're talking about, you know, expanding power capacity,
Speaker 1: whether it's power plants, whether it's nuclear, like, all of
Speaker 1: this stuff takes time. It doesn't happen like this. It's
Speaker 1: going to take several years. And so you do wonder
Speaker 1: are these companies really going to be hurt that much
Speaker 1: in the shorter term and it's maybe a longer term play.
Speaker 1: We'll see what happens like on Tuesday, right or next
Speaker 1: week exactly when they come back in terms of trading.
Speaker 4: All right, let's go to CarMax.
Speaker 5: Yes, I think I was poken around on the terminal
Speaker 5: earlier and I discovered something pretty interesting. So CarMax was
Speaker 5: of eight percent this week, closed at the high since September.
Speaker 5: But CarMax is actually up twenty six percent in twenty
Speaker 5: twenty six so far, and that puts it on gains
Speaker 5: comparable with Micron and Western Digital, which are these you know,
Speaker 5: very sexy names that we talk about all the time
Speaker 5: because of this physically, I play and yet CarMax is
Speaker 5: there outperforming the S and P five hundred, outperforming the
Speaker 5: MAG seven and outperforming in twenty twenty six. So far
Speaker 5: it's peer company Carvana.
Speaker 3: The moves have been crazy on this.
Speaker 1: Yeah, just with year, I mean the volatility, No, which
Speaker 1: is how much to the upside?
Speaker 5: I mean Carvana is up as well?
Speaker 4: Or you doing Carvana no CarMax, CarMax, Yeah.
Speaker 5: Twenty six percent. If you bought CarMax on December thirty first,
Speaker 5: you'd have a twenty six percent return in.
Speaker 4: Just a few weeks.
Speaker 5: And you know, the used car sector is seeing some strength.
Speaker 5: I mean, both Carvana and Carmacks saw a big dip
Speaker 5: in November, and so traders have been buying that dip,
Speaker 5: and some preliminary data show that used car sales could
Speaker 5: be up year over year. But it's interesting to see
Speaker 5: CarMax so far out from Carbona on that metric too.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
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