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: Let's take a look at the stocks on the move today.
Speaker 3: I'm Tim Steneviek along with Carol Master. We are joined
Speaker 3: by Bloomberg Television Markets correspondent Normal Linda. Did you find
Speaker 3: any stocks that we're moving lower?
Speaker 4: Yeah, but I'll save that for a little later. We're
Speaker 4: going to start with one that's in the green. I'm
Speaker 4: looking at shares of Home Depot. This is the company
Speaker 4: that reported We did see pretty much a beat across
Speaker 4: the border, especially as we look at the key metrics
Speaker 4: for sales. But there's still a lot of concern out
Speaker 4: in the market. People are thinking about the macroeconomic environment
Speaker 4: and how it still continues to weigh on the real
Speaker 4: estate industry and any sort of home improvement related company.
Speaker 4: So you do see shares of Home Depot on the
Speaker 4: rise or up about two point three percent right now
Speaker 4: as we speak. If you take a look at the
Speaker 4: year to day basis, they're up about almost twelve percent
Speaker 4: so far this year. But as I was speaking to
Speaker 4: so and is we're really seeing a lot of people
Speaker 4: talking about on Wall Street. It's just still that concern
Speaker 4: as to whether or not we're actually able to see
Speaker 4: this company being able to really weather the storm that
Speaker 4: is the macro and some saying that we've been seeing
Speaker 4: this for years after year after year. Maybe how many
Speaker 4: people need to get a little bit more creative with
Speaker 4: how they're actually able to grapple with this situation that's
Speaker 4: not their.
Speaker 5: Fault, yeah, I mean tied to the consumer, right, like
Speaker 5: projects and contractors, right, that's a big part of their business, right,
Speaker 5: So uh yeah, we'll.
Speaker 4: Have to keep an eye. I mean earlier hit it's
Speaker 4: highest since November, and we do have its peer Lowe's
Speaker 4: reporting tomorrow.
Speaker 1: Yeah, all right, check of retail eighty five dollars stock. Yeah,
Speaker 1: it's still pricey. I don't know, I don't know what
Speaker 1: I would not say that, but it's you said maybe
Speaker 1: maybe say maybe, I don't know that's operative word there.
Speaker 5: All right, Let's go to something we were talking about
Speaker 5: a lot on Monday, right, the battle between Novo and Elilu.
Speaker 4: Yeah, I mean, Tim, you want some decliners want take
Speaker 4: a look at Novo Nordis take our Envo tick r
Speaker 4: ll Y both declining. We know that this story continues
Speaker 4: to evolve, as we've been seeing the most of them
Speaker 4: kind of going head to head. But the latest news
Speaker 4: is that Novo Nordis plans to slash the US prices
Speaker 4: for its medicines will Gov and Ozembic next year. We
Speaker 4: know that this is a company that's really been struggling
Speaker 4: when we think about itself keeping up as a major
Speaker 4: competitor in this space as we think about the obesity
Speaker 4: weight loss drug industry more broadly. They're saying that the
Speaker 4: lower prices could reduce out of pocket costs for some
Speaker 4: customers that have insurance that requires them to cover a
Speaker 4: larger portion of their drug costs. But we'll have to
Speaker 4: see how this trickles out. But as for now on
Speaker 4: Wall Street, it seems as though people are still a
Speaker 4: bit skeptical, skeptical about the company as a whole, and
Speaker 4: you're seeing its peer Eliley also falling after this news.
Speaker 5: Maybe they're just cranky over yesterday's news, right, they had
Speaker 5: some disappointment and maybe yeah, to go up against an
Speaker 5: Eli Lilly product, and maybe they're just like, we'll take that,
Speaker 5: We'll just devices. I'm just guessing Vice is notculating not
Speaker 5: good for companies, but good for consumers. Yeah, hopefully right, Yeah,
Speaker 5: all right, I love this. We talked about this, We
Speaker 5: all are talking about this a lot. Advanced micro devices.
Speaker 4: Yes, I mean, we can't keep our eyes off of
Speaker 4: tech at this point, as we've really been digging into
Speaker 4: some of these companies. Shares of AMD today up about
Speaker 4: nine percent right now in the trade. This is, of course,
Speaker 4: after Meta said that it would buy the company's chips
Speaker 4: and computers designed to run AI models. We see AMD
Speaker 4: as a second best performing stock in the S and
Speaker 4: P five hundred today, So clearly Wall Street is taking
Speaker 4: a liking to this. Take a look at shares of AMD,
Speaker 4: though year to date not too much action. They're what
Speaker 4: just below flat on the year, down about one tenth
Speaker 4: of a percent year to date here in twenty twenty six.
Speaker 4: But this deal in particular is expected to begin in
Speaker 4: the second half of twenty twenty six, and they're saying
Speaker 4: that it'll be worth double digit billions of dollars per gigawatt,
Speaker 4: So massive action that we're seeing here, and certainly you're
Speaker 4: seeing Wall Street taking a liking.
Speaker 5: An AMD was a star last year. Is that like
Speaker 5: seventy seven, seventy eight percent.
Speaker 3: So yeah's I'm slicking at the year today, Yeah, glad.
Speaker 3: But at two hundred and fifteen dollars a share right
Speaker 3: now today, it's surging. And remember, as Ed reminded us.
Speaker 5: Six ninety nine, what was this six six it has.
Speaker 1: To do, yeah, for one of the warrants, for one
Speaker 1: of the warrants for Meta.
Speaker 3: This is it's the structure of the deal is a
Speaker 3: little different than other you know, quote unquote deals that
Speaker 3: we've seen between the hyperscalers.
Speaker 1: Yeah.
Speaker 3: Yeah, and Met as a different company too, because it's
Speaker 3: not it's doesn't sell capacity like you know, these other
Speaker 3: providers like an AWS or Microsoft. So yeah, yeah, it's
Speaker 3: still still questions about the you know, quote unquote circular funding.
Speaker 5: But if it exercises all those if Meta exercises all
Speaker 5: those warrants, right, they could become a very significant shareholder
Speaker 5: in AMD.
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