Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today.
Speaker 3: We can do that with Bloomberg's Avalon for now, Avlon.
Speaker 3: What are you looking at today?
Speaker 2: You have to start off with Micron. That's ticker MU
Speaker 2: currently climbing about eleven percent, though earlier today it did
Speaker 2: touch a record high, and that's up to a memory
Speaker 2: chip maker. Gave a stronger than expected outlook for the
Speaker 2: fiscal fourth quarter. While Street was really looking for Micron
Speaker 2: to bring more assurance for the AI trade, and it
Speaker 2: seems like it succeeded. It even got an upgrade from
Speaker 2: Ersta Group, who said that the stock is still reasonably
Speaker 2: valued despite its recent bull run.
Speaker 3: All right, let's talk a little Dell, because sort of
Speaker 3: below the radar here, but the stock's getting hit today
Speaker 3: and it's one of the biggest losers right for the
Speaker 3: S and P five hundred.
Speaker 2: You're absolutely correct. That is ticker Dell currently sliding about
Speaker 2: seven point four percent, making the company, as you said,
Speaker 2: one of the worst performers and that's after GF Securities
Speaker 2: downgraded the computer stock to hold from buy. At issue
Speaker 2: is the more than two hundred percent rally since Dell
Speaker 2: reported fourth quarter results in February. The analyst Jeff Poo
Speaker 2: sees limited upside for Dell now given those really elevated expectations,
Speaker 2: and he also says it's potentially just an uncompelling risk
Speaker 2: reward right now.
Speaker 1: Okay, what are you have?
Speaker 3: Bio technee technique? Yes, okay, not at anything that we mentioned.
Speaker 2: No, Yes, that is ticker tech and you're probably not
Speaker 2: going to hear it that often anymore.
Speaker 1: Now.
Speaker 2: That has been bought by Merk KGaA that is the
Speaker 2: German mark, not the US merk. It's currently surging about
Speaker 2: nineteen percent most inter day since twenty twenty four, and
Speaker 2: it was purchased for about eleven point three billion dollars.
Speaker 2: This acquisition will help to expand Merks Life Sciences franchise.
Speaker 2: And what is kind of important, though, is that the
Speaker 2: Walls Street remains very split about this. William Blair views
Speaker 2: the valuation as a bit disappointing, but says that regulatory
Speaker 2: risk may have complicated other bids for this company. Still,
Speaker 2: others are saying that the portfolios are very complimentary, so
Speaker 2: it could be a good.
Speaker 3: Fit the largest acquisition for MERK Germany in like a decade.
Speaker 2: You're absolutely right, yes.
Speaker 1: The Stockmovers Report from Bloomberg Radio. Check back with us
Speaker 1: throughout the day for the latest roundup of companies making
Speaker 1: news on Wall Street and for the latest market moving headlines.
Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 1: dot com, and on Applecarplay and Android Auto with the
Speaker 1: Bloomberg Business app.