Closing Bell: Micron/Sandisk Gain, Veradermics Surges, Disney Falls - podcast episode cover

Closing Bell: Micron/Sandisk Gain, Veradermics Surges, Disney Falls

Apr 27, 20266 min
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Episode description

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Micron Technology (MU) and Sandisk (SNDK) are both being started with buy ratings at Melius Research, which sees strong long-term tailwinds for the companies due to AI. The firm has a two-year price target of $1,350 for Sandisk, and a $700 target on Micron. MU gains 3.4%, SNDK is up +2.5%

- Veradermics (MANE) shares jump as much as 44% to hit its highest level since its February IPO, after the drug developer said its experimental oral therapy for male pattern hair loss met all primary and key secondary endpoints

- Walt Disney (DIS) shares fall as much as 0.4%, erasing an earlier gain, after President Donald Trump said the company should fire Jimmy Kimmel.

See omnystudio.com/listener for privacy information.

Transcript

Speaker 1

Bloomberg Audio Studios, Podcasts, Radio News.

Speaker 2

This is the closing bell on the stock Movers report the companies making moves at the close of US trading with Carol Masser, Tim Stenobeck, Romain Bostik, and Katie Greifel.

Speaker 3

All right, let's go to the individual gainers if I may, and I want to go to sand Disk and Micron, because sand Disc number one gainer in both the S and P and the Nasdaq one hundred, and then you had Micron number two gainer in the Nasdaq one hundred, number three in the S and P five hundred. These are just some outperformance there. You can see sand Disc up about eight percent, five point six percent higher on Micron.

Both of those names are being started with buy ratings over at Melius Research, which sees strong long term tailwinds for the company's due to AI. The firm has a two year price target of one thousand and three point fifty for sand Disc, that'stock closing at a thou and seventy, and then for Micron he has a target of seven hundred. That's stock closing today at five twenty four and change, so certainly some room to run his take. Here's what

he writes, Ben writes us. He says, it is time to acknowledge memories core to our AI coverage fitting well with AI, Semi's aid hardware and hyperscaler. So some app performance there. This one I did for Tim and Romaine, although they didn't really need it yet. But let's take a look Maine is The ticker stock was up as much as fifty percent today, finishing up about forty seven percent.

Don't he said, don't tickets apart? I love this now a three point four billion dollar market cap drug developers.

Speaker 1

I just like the point out every man in America. When you're taking a shower, you get out, you look in the mirror, tilt your head down just a little bit, and you say, okay, still there.

Speaker 3

Still.

Speaker 2

Well?

Speaker 3

And for those not this might be some good news. This company has an experimental oral therapy for mail pattern hair loss and apparently it meant all the primary and key secondary endpoint. So some good news for all of you men out.

Speaker 4

When can we get that sped through the regulatory process. See, you've got a great out there for now.

Speaker 3

Real quickly, let's go over to Remax take our ourmax finlely, thank you, because I sent you the wrong ticker earlier, but you can see this went up about twenty four percent. Real Brokerage buying Remax holdings in a deal valued at thirteen dollars eighty cents a share, latest example of consolidation

in the US real estate brokerage company. Deal will create a brokerage with one hundred and eighty thousand real estate agents, including more than one hundred thousand in the United States and Canada, according to a statement they put out, it will combine upstart Reel, founded back in twenty fourteen as a tech powered brokerage with one of the real estate brokerage industry's traditional stall warts. And you've seen some stuff going on in this industry, So yeah, is there anything

that's not tech power these days? You know, we're all just tech power.

Speaker 4

In case you didn't now, well, speaking of tech a good segue to get to some of my decliners. I want to start with chars of Apple, which yes, reports earnings after the bell on Thursday. We will have that instant insight and analysis and those numbers of course here in the closing bell. Shares today fell by one point three percent. This on a day when TF International Securities analyst Ming chi Quo suggested that Qualcom is working with

open Ai on a smartphone. The report says mass production is expected in twenty twenty eight, although specifications and suppliers are expected to be finalized by late twenty twenty six or the fourth quarter of twenty seven, according to the analyst, also watching shares of Walt Disney, at one point in the day they were up as much as one point two percent, so they fell as much as half a percent.

Today they closed down two tenths of one percent. This after President Trump called on ABC you can see that happened just before the two o'clock hour there when shares fell to fire. Late night host Jimmy Kimmel after what he called a quote despicable called to violence on an

April twenty third broadcast. Kimmel's comments of drag Disney back into the culture wars that it sought to avoid, with the company shares slipping immediately after the President's remarks, we've seen this movie before and it was less than a year ago. But Disney shares fell by two tenths of one percent, and finally, Pizza Domino's pizza shares felt today by eight point eight percent. They were pretty much there throughout the day today, falling to the lowest and close

to three years. The company revised its full year outlook. At reporter first quarter comp sales mix, Miss Domino said its quote committed to deliver three percent same store sales in the US in twenty twenty six, supported by the launch of new menu items, and the company proved a billion dollar share buy back program. Shares down eight point eight percent today.

Speaker 1

All right, let's check in on yield to sell off that we're selling and benchmark treasuries that continued today after a bit of a pause on Friday, that push yields higher pretty much across the curve. You take a look at your ten year yield right now four three three two five and changer up about t right basis points or two year yield most sensitive to any sort of change in Fed policy at three point seven nine five.

Speaker 2

The Stockmovers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.

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