1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,239 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,320 --> 00:00:19,680 Speaker 1: at some of the stocks on the move today. I 5 00:00:19,720 --> 00:00:23,480 Speaker 1: am Paulsewina Lisa Mittel and were joined by Bloomberg's Emily Graffeo. Emily, 6 00:00:23,480 --> 00:00:24,120 Speaker 1: what I get for us? 7 00:00:24,239 --> 00:00:27,040 Speaker 2: Hi, guys, So I'm looking at Applied Materials right now. 8 00:00:27,080 --> 00:00:31,400 Speaker 2: The ticker is AMAT AMAT. It's actually following the most 9 00:00:31,800 --> 00:00:35,440 Speaker 2: since March twenty twenty. Right now, it's down about thirteen percent. 10 00:00:35,840 --> 00:00:38,840 Speaker 2: This is the largest American producer of chip making gear. 11 00:00:38,920 --> 00:00:42,720 Speaker 2: But they gave it disappointing sales and profit forecasts. And 12 00:00:42,760 --> 00:00:45,040 Speaker 2: what it's kind of bringing into question here is what 13 00:00:45,080 --> 00:00:48,440 Speaker 2: does this mean for the rest of the semiconductor AI 14 00:00:48,760 --> 00:00:52,199 Speaker 2: supply chain. So they said they're seeing less demand from 15 00:00:52,240 --> 00:00:55,360 Speaker 2: customers in China. Some of those customers could be companies 16 00:00:55,360 --> 00:00:59,360 Speaker 2: like TSMC that buy from them. You have to look 17 00:00:59,360 --> 00:01:03,240 Speaker 2: at what the said Bank of America actually downgraded. They're 18 00:01:03,360 --> 00:01:06,200 Speaker 2: rating on the stock to neutral from Brye, giving out 19 00:01:06,200 --> 00:01:09,639 Speaker 2: a price target of one eighty, which is actually still 20 00:01:09,680 --> 00:01:12,640 Speaker 2: above where it's training right now, but they said the 21 00:01:12,640 --> 00:01:16,920 Speaker 2: downgrade reflex applied materials weakening China and leading edge business, 22 00:01:17,000 --> 00:01:20,080 Speaker 2: weighing on growth in the medium term, and that stock 23 00:01:20,160 --> 00:01:23,119 Speaker 2: is actually down twenty two percent over the last year 24 00:01:23,200 --> 00:01:23,560 Speaker 2: right now. 25 00:01:23,680 --> 00:01:27,280 Speaker 1: Okay, Roadblocks you're talking about, their shares are lower. Every Christmas, 26 00:01:27,280 --> 00:01:30,120 Speaker 1: I have to buy my nephew these Roadblocks cards for 27 00:01:30,200 --> 00:01:32,360 Speaker 1: him to play the game. So what's going on now. 28 00:01:32,400 --> 00:01:35,440 Speaker 2: It's a really popular stock, and it's also a really 29 00:01:35,440 --> 00:01:40,280 Speaker 2: popular game with children particularly, but it's drawn some scrutiny 30 00:01:40,319 --> 00:01:44,920 Speaker 2: here from the Louisiana Attorney General. So they actually said 31 00:01:45,240 --> 00:01:48,280 Speaker 2: in a lawsuit filed against the online game maker that 32 00:01:48,320 --> 00:01:52,360 Speaker 2: the products are used to facilitate and distribute child sexual 33 00:01:52,440 --> 00:01:56,160 Speaker 2: abuse material and the exploitation of minor children. No, it's 34 00:01:56,160 --> 00:01:58,920 Speaker 2: not good at all, and it's something that you know, 35 00:01:58,960 --> 00:02:01,600 Speaker 2: this isn't the first that we heard about potentially there 36 00:02:01,640 --> 00:02:06,960 Speaker 2: being problems with child safety on Roadblocks, but it actually 37 00:02:06,960 --> 00:02:09,679 Speaker 2: hasn't hurt the stock that much in the long term. 38 00:02:09,680 --> 00:02:12,160 Speaker 2: The stock is up one hundred percent year to date. 39 00:02:12,240 --> 00:02:14,520 Speaker 2: So this news is weighing on the stock. Right now, 40 00:02:14,680 --> 00:02:19,480 Speaker 2: it's down about seven percent ti rb LX, but again 41 00:02:19,560 --> 00:02:23,400 Speaker 2: we'll see long term what the outcome is of this lawsuit. 42 00:02:23,720 --> 00:02:26,440 Speaker 2: Definitely one to watch because again it's a popular stock, 43 00:02:26,639 --> 00:02:29,400 Speaker 2: it's a popular game, but these are some really serious 44 00:02:29,400 --> 00:02:34,239 Speaker 2: concerns here, you and eight United Healthcare. Yeah, so we'll 45 00:02:34,360 --> 00:02:38,000 Speaker 2: end with a stock and a potentially more positive move here. 46 00:02:38,040 --> 00:02:43,120 Speaker 2: The stock is up twelve percent, biggest jump since twenty twenty, 47 00:02:43,280 --> 00:02:47,520 Speaker 2: and it's all on Warren Buffett buying the stock. So 48 00:02:47,560 --> 00:02:51,760 Speaker 2: we got thirteen F filings from Berkshire Hathaway last night. 49 00:02:53,120 --> 00:02:57,000 Speaker 2: Let's see, Buffett acquired five million shares of United Health, 50 00:02:57,000 --> 00:02:59,960 Speaker 2: which grants Berkshare a stake worth one point six billion. 51 00:03:00,120 --> 00:03:03,000 Speaker 2: So we see this all the time. If Buffett buys something, 52 00:03:03,520 --> 00:03:05,519 Speaker 2: the stock goes up. I'm not sure if there's any 53 00:03:05,639 --> 00:03:08,239 Speaker 2: much more here than that. We know it's been a 54 00:03:08,280 --> 00:03:11,760 Speaker 2: struggle for United Health. They've had a number of crises, 55 00:03:12,480 --> 00:03:16,960 Speaker 2: rising costs, regulatory scrutiny as well. They missed earnings for 56 00:03:17,000 --> 00:03:21,360 Speaker 2: the first time in more than a decade actually in April, 57 00:03:21,440 --> 00:03:23,280 Speaker 2: so it hasn't been a good run for United Health. 58 00:03:23,320 --> 00:03:26,079 Speaker 2: But we know the Buffet he likes a bargain, so 59 00:03:26,960 --> 00:03:30,040 Speaker 2: clearly what we're seeing here, yeah, he's buying a stock. 60 00:03:29,840 --> 00:03:35,480 Speaker 1: On sale, the Stock Movers Report from Bloomberg Radio. Check 61 00:03:35,520 --> 00:03:37,840 Speaker 1: back with us throughout the day for the latest roundup 62 00:03:37,880 --> 00:03:40,840 Speaker 1: of companies making news on Wall Street and for the 63 00:03:40,920 --> 00:03:45,320 Speaker 1: latest market moving headlines. 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