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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at the stocks on the move today.

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Speaker 3: I'm Tim Steneviek along with Carol Master. We are joined

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Speaker 3: by Bloomberg Television Markets correspondent Normal Linda. Did you find

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Speaker 3: any stocks that we're moving lower?

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Speaker 4: Yeah, but I'll save that for a little later. We're

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Speaker 4: going to start with one that's in the green. I'm

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Speaker 4: looking at shares of Home Depot. This is the company

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Speaker 4: that reported We did see pretty much a beat across

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Speaker 4: the border, especially as we look at the key metrics

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Speaker 4: for sales. But there's still a lot of concern out

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Speaker 4: in the market. People are thinking about the macroeconomic environment

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Speaker 4: and how it still continues to weigh on the real

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Speaker 4: estate industry and any sort of home improvement related company.

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Speaker 4: So you do see shares of Home Depot on the

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Speaker 4: rise or up about two point three percent right now

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Speaker 4: as we speak. If you take a look at the

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Speaker 4: year to day basis, they're up about almost twelve percent

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Speaker 4: so far this year. But as I was speaking to

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Speaker 4: so and is we're really seeing a lot of people

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Speaker 4: talking about on Wall Street. It's just still that concern

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Speaker 4: as to whether or not we're actually able to see

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Speaker 4: this company being able to really weather the storm that

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Speaker 4: is the macro and some saying that we've been seeing

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Speaker 4: this for years after year after year. Maybe how many

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Speaker 4: people need to get a little bit more creative with

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Speaker 4: how they're actually able to grapple with this situation that's

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Speaker 4: not their.

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Speaker 5: Fault, yeah, I mean tied to the consumer, right, like

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Speaker 5: projects and contractors, right, that's a big part of their business, right,

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Speaker 5: So uh yeah, we'll.

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Speaker 4: Have to keep an eye. I mean earlier hit it's

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Speaker 4: highest since November, and we do have its peer Lowe's

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Speaker 4: reporting tomorrow.

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Speaker 1: Yeah, all right, check of retail eighty five dollars stock. Yeah,

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Speaker 1: it's still pricey. I don't know, I don't know what

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Speaker 1: I would not say that, but it's you said maybe

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Speaker 1: maybe say maybe, I don't know that's operative word there.

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Speaker 5: All right, Let's go to something we were talking about

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Speaker 5: a lot on Monday, right, the battle between Novo and Elilu.

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Speaker 4: Yeah, I mean, Tim, you want some decliners want take

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Speaker 4: a look at Novo Nordis take our Envo tick r

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Speaker 4: ll Y both declining. We know that this story continues

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Speaker 4: to evolve, as we've been seeing the most of them

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Speaker 4: kind of going head to head. But the latest news

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Speaker 4: is that Novo Nordis plans to slash the US prices

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Speaker 4: for its medicines will Gov and Ozembic next year. We

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Speaker 4: know that this is a company that's really been struggling

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Speaker 4: when we think about itself keeping up as a major

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Speaker 4: competitor in this space as we think about the obesity

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Speaker 4: weight loss drug industry more broadly. They're saying that the

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Speaker 4: lower prices could reduce out of pocket costs for some

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Speaker 4: customers that have insurance that requires them to cover a

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Speaker 4: larger portion of their drug costs. But we'll have to

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Speaker 4: see how this trickles out. But as for now on

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Speaker 4: Wall Street, it seems as though people are still a

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Speaker 4: bit skeptical, skeptical about the company as a whole, and

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Speaker 4: you're seeing its peer Eliley also falling after this news.

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Speaker 5: Maybe they're just cranky over yesterday's news, right, they had

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Speaker 5: some disappointment and maybe yeah, to go up against an

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Speaker 5: Eli Lilly product, and maybe they're just like, we'll take that,

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Speaker 5: We'll just devices. I'm just guessing Vice is notculating not

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Speaker 5: good for companies, but good for consumers. Yeah, hopefully right, Yeah,

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Speaker 5: all right, I love this. We talked about this, We

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Speaker 5: all are talking about this a lot. Advanced micro devices.

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Speaker 4: Yes, I mean, we can't keep our eyes off of

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Speaker 4: tech at this point, as we've really been digging into

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Speaker 4: some of these companies. Shares of AMD today up about

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Speaker 4: nine percent right now in the trade. This is, of course,

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Speaker 4: after Meta said that it would buy the company's chips

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Speaker 4: and computers designed to run AI models. We see AMD

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Speaker 4: as a second best performing stock in the S and

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Speaker 4: P five hundred today, So clearly Wall Street is taking

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Speaker 4: a liking to this. Take a look at shares of AMD,

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Speaker 4: though year to date not too much action. They're what

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Speaker 4: just below flat on the year, down about one tenth

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Speaker 4: of a percent year to date here in twenty twenty six.

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Speaker 4: But this deal in particular is expected to begin in

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Speaker 4: the second half of twenty twenty six, and they're saying

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Speaker 4: that it'll be worth double digit billions of dollars per gigawatt,

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Speaker 4: So massive action that we're seeing here, and certainly you're

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Speaker 4: seeing Wall Street taking a liking.

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Speaker 5: An AMD was a star last year. Is that like

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Speaker 5: seventy seven, seventy eight percent.

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Speaker 3: So yeah's I'm slicking at the year today, Yeah, glad.

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Speaker 3: But at two hundred and fifteen dollars a share right

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Speaker 3: now today, it's surging. And remember, as Ed reminded us.

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Speaker 5: Six ninety nine, what was this six six it has.

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Speaker 1: To do, yeah, for one of the warrants, for one

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Speaker 1: of the warrants for Meta.

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Speaker 3: This is it's the structure of the deal is a

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Speaker 3: little different than other you know, quote unquote deals that

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Speaker 3: we've seen between the hyperscalers.

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Speaker 1: Yeah.

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Speaker 3: Yeah, and Met as a different company too, because it's

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Speaker 3: not it's doesn't sell capacity like you know, these other

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Speaker 3: providers like an AWS or Microsoft. So yeah, yeah, it's

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Speaker 3: still still questions about the you know, quote unquote circular funding.

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Speaker 5: But if it exercises all those if Meta exercises all

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Speaker 5: those warrants, right, they could become a very significant shareholder

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Speaker 5: in AMD.

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Speaker 2: This stock Mover's report from Bloomberg Radio. Back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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