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 take a look at some stocks on the move today.
Speaker 1: I'm Tim Stanebeck along with Carol Masser with us IS
Speaker 1: Bloomberg News. Acutis reporter and deputy team leader for US
Speaker 1: Equity is Carmen Reinikey, Carmen. We got to start with
Speaker 1: the IPO, the big one today.
Speaker 3: Yeah, so Medline biggest IPO of the year, six point
Speaker 3: twenty six billion is huge. So the stock is I'm
Speaker 3: just going to try to calculate it live. The stock
Speaker 3: is of about thirty five percent right now from its
Speaker 3: IPO prices, trading at about thirty nine dollars per share.
Speaker 3: IPO was twenty nine, So we're seeing, you know, just
Speaker 3: lots of enthusiast math.
Speaker 4: There By the way, well done, nice math.
Speaker 3: Oh well, I'm not gonna lie I have a calculatory
Speaker 3: as a professor. If I made it sound like she was,
Speaker 3: like I prepared, but I did not do it in
Speaker 3: my head.
Speaker 4: Okay, but listen, a good debut, right. Obviously, the pricing
Speaker 4: was right, investors were into it on a day where
Speaker 4: the markets are down. So that's interesting.
Speaker 3: Yeah, very very solid start from Medline. Should we switch
Speaker 3: to part of the market that's not doing so hot today?
Speaker 4: Yeah? Where do you want to go? All right?
Speaker 3: All right, let's look at Oracle. This is ticker o RCL.
Speaker 3: So shares are down about five percent right now, the
Speaker 3: most since December twelfth, but this is looking like the
Speaker 3: lowest since June eleventh, intra day. So there's just been
Speaker 3: a lot of nervousness around this company and sort of
Speaker 3: the latest thing is that it's said while final negotiations
Speaker 3: on a deal for a project in Michigan are on schedule,
Speaker 3: they don't include Blue Oul Capital, which has been involved
Speaker 3: in the financing of a lot of other data centers.
Speaker 4: It's a longtime partner of Oracles, so it's interesting to
Speaker 4: see them pull out or pull back.
Speaker 3: Yeah, exactly. So shares not looking so great for Oracle.
Speaker 3: It's had such a long fall and we're actually watching
Speaker 3: for it to go negative on the year.
Speaker 4: Yeah, it's only up about seven and a half percent.
Speaker 4: Go back what a few.
Speaker 1: Yeah, go to some months September nine, September tenth, right
Speaker 1: down more than forty percent.
Speaker 4: Yeah, like really rough, we're next. And video.
Speaker 3: Yeah, so in videos having a sell off today as well,
Speaker 3: about three and a half percent, which isn't the biggest number,
Speaker 3: but this accounts for almost one hundred and fifty billion
Speaker 3: dollars of market value. So what we're seeing is that
Speaker 3: it's probably reacting to use that open AIS and discussions
Speaker 3: to raise at least ten billion and from Amazon to
Speaker 3: use its chips. So this just you know, adds some
Speaker 3: competition to Nvidia, and you know, it's just we're seeing
Speaker 3: some broad based weakness across the AI trade today in general,
Speaker 3: and in video is kind of always the leader there.
Speaker 1: What's interesting is we're also seeing the companies that have
Speaker 1: benefited from the AI trade that are not you know,
Speaker 1: AI focused companies exactly, energy providers, builders of data centers.
Speaker 1: They're taking a big hit today too.
Speaker 3: Yeah, they all are. It's really across across the board,
Speaker 3: even some of the big gainers.
Speaker 4: And video is down about seventeen percent from late October.
Speaker 4: I mean, it's still got a decent gain on the year.
Speaker 4: I mean it's still up almost thirty twenty almost twenty
Speaker 4: eight percent to be close to exact, but we've definitely
Speaker 4: seen a retrenchment in that name. So yeah, I feel
Speaker 4: like every time we would talk about like competition to
Speaker 4: end video, people would be like, yeah, there's plenty to
Speaker 4: go around, There's gonna be lots of demand. But if
Speaker 4: I don't know, as you get more players.
Speaker 3: I think there's also just so much nervousness right now.
Speaker 3: And we also just had, you know, the earnings reports
Speaker 3: from Broadcom that didn't look good. There's Micron tonight, so
Speaker 3: people are just really watching this space to see what's
Speaker 3: what's going to happen next.
Speaker 1: You got one more for us?
Speaker 3: All right? Yes, I have Lenar tick er l E N.
Speaker 3: So this is down nearly five percent right now. The
Speaker 3: company gave first a first quarter forecast for orders, deliveries,
Speaker 3: and margins that all fell below Wall Street expectations, signals
Speaker 3: that there's just strains on the housing market in general,
Speaker 3: even with a lower interest rate. Some of its fourth
Speaker 3: quarter line items also fell below expectations, including orders in
Speaker 3: the margins.
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