CVS Boosted on Policy Change; Broadcom Buyback; Apple Rebound

Published Apr 8, 2025, 11:19 AM

On this episode of Stock Movers:
- CVS (CVS) is getting a boost this morning following the Trump administration's increased 2026 payments for Medicare Advantage plans by more than double what the market was expecting. It also removes the possibility of having to close Medicare Advantage plans, which has pushed stocks like CVS and United Health (UNH), as well as others in the healthcare sector, higher.
- Broadcom (AVGO) is higher this morning after its downward trend following US tariffs levied across Taiwan, Vietnam, China, and other countires. The shares jumped on its $10 billion share buyback this morning.
- Apple (APPL) shares are higher as traders learned it may be getting a boost as customers front run the tariffs. Employees from different Apple locations across the country said stores filled with customers over the weekend — with the shoppers expressing concerns that prices will climb dramatically after the levies are imposed. Most iPhones, Apple’s best-selling and most important product, are manufactured in China, which is in line for tariffs of 54%.
- Nike (NKE) is climbing this morning as traders may be looking to "buy the dip" after severe declines for the stock and other retailers as tariff policy weighs on its price.

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Stock Movers podcast, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

Let's take a look at some stocks on the move today. We are joined by Bloomberg's Kritty, Gupta and Kritty. It does look like a classic turnaround Tuesday sector BI sector as well.

Good morning, Good morning, Nathan. You have broad gains across the board here, but perhaps not the gigantic rebound that we were expecting. You remember, we saw declines yesterday of somewhere between six to eight percent for some of the most well known stocks. You were seeing moves higher, yes, but anywhere from two to four percent, So not the same extent of buying that we have seen match and in previous kind of iterations of latility, we've seen it shake out to the downside upside with bigger with bigger moves. That being said, today is kind of the day to look at some individual sectors. I want to start off with some news domestic front, this time coming and affecting some of the medicare insurers here. So CBS is getting this massive boost this morning, eight percent. CBS is your ticker trading at sixty nine dollars to share, United Health as well u NH hired by about just about six percent, five hundred and fifty five dollars to share there, and Humana as well, hum Hire by eleven percent this morning, two hundred and eighty three dollars a share, Nathan. This comes after the Trump administration has increased their twenty twenty six payments for Medicare advantage plans by more than double than what the market was expecting, so over five percent, which basically means the federal payments will offset with some of the insurers have to pay out when it comes to some of these kind of insurance plans as well. It also removes the possibility of having to close some of the Medicare advantage plans as well. So you are seeing all these healthcare names I just outlined rally and rally big on them. Another stock have got my eye on this morning, Nathan is Broadcom. Avgo is your ticker trading higher by about four percent, trading out about one hundred and sixty dollars and change. This was one of the big stocks that were hit off of the news around Taiwan and Vietnam. China, of course, and the tariff story there. They are now announcing a ten billion dollars share buyback. So the shares had jumped about four percent after hours yesterday. They're saying there's still more to go, so you are seeing a pretty big rally in those shares this morning as well. Nathan, I want to very quickly get a quick check on some of the tariff impacted stocks. Apple and Nike I think are two of the big ones. So start with Nike here. Nke is your ticker, hire by three point four percent this morning, So if we're looking for a buy the dip mentality, this is one to keep an eye on. Trading at fifty seven dollars and change, and Apple shares higher as well. AAPL hire by one point three percent one hundred and eighty three dollars a share very quickly, if you'll indulge me. She Gus put out some numbers on what these tariffs might actually mean for how much an iPhone will cost. I'll give them to you here. And iPhone sixteen Max that was made in mainland China currently goes for twelve hundred on the market. With tariffs that would go up to fifteen fifty and iPhone sixteen pro made in India goes for about a thousand on the market. That would go up to twelve hundreds, So those are the kind of numbers we're talking around around Apple. Nevertheless, keep an eye.

On these shares.

AAPL hired by one point three percent this morning.

The Stockmovers podcast 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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