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: Let's say a look at some stocks on the move
Speaker 1: this week. I'm Tim Stanovek with Christina Raffini. We're joined
Speaker 1: by Bloomberg News equity supporter Avalon Pronell. Hey have a
Speaker 1: on Happy Friday. Happy Friday.
Speaker 3: I mean, it's a lot of green on the screen,
Speaker 3: so definitely plenty to be happy about. We can start
Speaker 3: off with Dell.
Speaker 1: Let's talk about delay.
Speaker 4: I've been talking about Dell today.
Speaker 3: That's ticker Dell currently jumping forty three percent to end
Speaker 3: the week at a record high, also for its biggest
Speaker 3: weekly leap on record, and that's after detech companies AI
Speaker 3: server sales. Basically, we're stronger than expected across the board
Speaker 3: for the first quarter. It also boosted its full year
Speaker 3: revenue and adjusted earnings per share outlook. And I mean
Speaker 3: we didn't even mention computers, but those and also traditional
Speaker 3: servers did fantastics, So definitely a lot to cheer about there.
Speaker 1: We're talking earlier.
Speaker 4: Do you know this meme where they're like, if you
Speaker 4: if you onboard a company and they give you like
Speaker 4: an old Dusty Dell, you're like good to go. If
Speaker 4: they give you like an awesome chrome Mac book, like
Speaker 4: you should be concerned.
Speaker 1: Yes, yes, I just typed in Enrich, go on the
Speaker 1: Bloomberg terminal. Okay, it's the Bloomberg Billionaires Index updates every day.
Speaker 1: Thanks seeing what happened to Michael Dell's net worth today?
Speaker 1: He's jumped to sixth, the sixth place on the Bloomberg
Speaker 1: Billionaires Index. He's above Mark Zuckerberg now, who's at two
Speaker 1: hundred and twenty four billion dollars to just today with
Speaker 1: today and I know we're talking about this week avalon,
Speaker 1: but today his networth went up by thirty two point
Speaker 1: nine billion dollars. Year to date, it's up more than
Speaker 1: eighty nine billion dollars. That's incredible, it's incredible. He's two
Speaker 1: places ahead of Jensen.
Speaker 4: Wow.
Speaker 1: Really Yeah, Jensen's number eight with one hundred and seventy
Speaker 1: five billion dollar net worth.
Speaker 4: Dell who knew, Yeah exactly.
Speaker 1: Okay, let's talk a little pharma healthcare.
Speaker 3: Absolutely so we have Repleamond that's ticker r ep L.
Speaker 3: It jumps seventy six percent this week to also have
Speaker 3: one of its best weeks on record. However, I'd actually
Speaker 3: point you to the month. It ended up more than
Speaker 3: two hundred and thirty eight percent and its best month
Speaker 3: on record, and that's after a whole lot of good
Speaker 3: news for biotechs across the board. The biotech said it
Speaker 3: plans to resubmit its skin cancer drug for FDA approval,
Speaker 3: not for the first or the second time, but now
Speaker 3: the third time. It's seeking approval for the cancer drug
Speaker 3: after a lot of upheaval, to say the least, at
Speaker 3: the agency. Investors are seeing this as a really strong
Speaker 3: bullish signal that maybe the shakeup that happened earlier this
Speaker 3: month where we saw the FDA Commissioner commissioner exit, is
Speaker 3: actually going to be good news for biotech across the board.
Speaker 1: It's amazing up eighty five percent today, but it's still
Speaker 1: down this year by more than ten percent. Exactly.
Speaker 3: It really needs to get an approval in order to
Speaker 3: bring back some of that positive sentiment.
Speaker 4: I'm reading that it looks like the agency had some
Speaker 4: issues with following their guidance for clinical trials, which are
Speaker 4: really important for approvals. But as you said, new Agency,
Speaker 4: New Day new applications.
Speaker 1: Absolutely, all right, what else you got for us?
Speaker 3: And we can the day with moretech Snowflake, that's ticker
Speaker 3: son I love their ticker. It serged forty eight percent
Speaker 3: this week to cap off it's best week on record,
Speaker 3: and that's after the software maker gave a strongerdan expected
Speaker 3: for year guidance and also reported first quarter results earlier
Speaker 3: this week that beat expectations. Also worth noting that they
Speaker 3: signed a six billion dollar multi year agreement with Amazon's
Speaker 3: Cloud to use their services and chips and Evercore, writing
Speaker 3: that despite all of the upheaval that we've been seeing
Speaker 3: across the AI space, especially how are they going to
Speaker 3: be handling software companies specifically, it seems like Snowflake maybe
Speaker 3: the one clear winner in the software space.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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Speaker 2: making news on Wall Street and for the latest market
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