1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,319 Speaker 3: Let's take a look at stocks on the move and 5 00:00:18,360 --> 00:00:21,000 Speaker 3: the companies watch today. We have Bailey Lipshots, who is 6 00:00:21,000 --> 00:00:24,120 Speaker 3: Bloomberg News senior equities reporter in the studio with us Bailey. 7 00:00:24,120 --> 00:00:27,360 Speaker 3: Shall we start with HB disappointment over those memory prices. 8 00:00:27,400 --> 00:00:29,600 Speaker 4: Disappointment over the memory prices. Though the stock right now 9 00:00:29,720 --> 00:00:32,000 Speaker 4: is flat, so maybe not a big mover today, but 10 00:00:32,040 --> 00:00:34,440 Speaker 4: on an inter day basis had traded down as much 11 00:00:34,440 --> 00:00:36,000 Speaker 4: as three and a half percent, as much as up 12 00:00:36,000 --> 00:00:38,280 Speaker 4: as five and a half percent, so by the time 13 00:00:38,479 --> 00:00:41,080 Speaker 4: I finished speaking, it'll probably be taking a different direction. 14 00:00:41,520 --> 00:00:44,559 Speaker 4: But as you mentioned, pretty strong earnings all things considered, 15 00:00:44,560 --> 00:00:47,199 Speaker 4: but calling out the impact of memory costs hitting the 16 00:00:47,200 --> 00:00:50,000 Speaker 4: company throughout fiscal twenty six going into twenty twenty seven. 17 00:00:50,240 --> 00:00:53,159 Speaker 4: A lot of interest in spending, obviously, but when the 18 00:00:53,280 --> 00:00:55,720 Speaker 4: companies making these memory chips aren't able to pump them 19 00:00:55,760 --> 00:00:59,160 Speaker 4: out fast enough, leads to high prices. So HP management 20 00:00:59,200 --> 00:01:01,240 Speaker 4: saying earnings will be at the low end of guidance. 21 00:01:01,960 --> 00:01:04,280 Speaker 4: This is a company over the last twelve months, down 22 00:01:04,400 --> 00:01:06,800 Speaker 4: forty six percent. So one of the big losers. 23 00:01:07,040 --> 00:01:10,640 Speaker 1: Yeah, wow, circle, one of the big winners, right, let's 24 00:01:10,680 --> 00:01:14,880 Speaker 1: go to your CrCL circle in the stable coin space 25 00:01:14,959 --> 00:01:19,440 Speaker 1: right now up more than eighteen percent, biggest jump since September. 26 00:01:19,560 --> 00:01:21,640 Speaker 4: This is a company that has seen shares rally by 27 00:01:21,640 --> 00:01:23,520 Speaker 4: more than one hundred and thirty percent since going public 28 00:01:23,560 --> 00:01:28,160 Speaker 4: back in June. Quarterly profit beating expectations, stable coin demand 29 00:01:28,160 --> 00:01:30,440 Speaker 4: pretty much through the roof. This is a company who 30 00:01:30,520 --> 00:01:34,000 Speaker 4: has a flagship stablecoin USDC. According to their earnings, twenty 31 00:01:34,000 --> 00:01:37,520 Speaker 4: twenty five ended with about seventy five billion dollars in circulation. 32 00:01:37,880 --> 00:01:41,040 Speaker 4: That's up seventy two percent. Big thing with stable coins 33 00:01:41,120 --> 00:01:44,360 Speaker 4: is if you're investing in crypto, you buy bitcoin, you 34 00:01:44,360 --> 00:01:46,640 Speaker 4: buy ethereum, you have to take your US dollar and 35 00:01:46,680 --> 00:01:49,200 Speaker 4: put it into something, so typically goes into stable coins. 36 00:01:49,360 --> 00:01:53,160 Speaker 4: As we see sharp sell offs in the likes of Ethereum, 37 00:01:54,200 --> 00:01:59,440 Speaker 4: Ripple and Bitcoin investors or traders taking those dollars or 38 00:01:59,520 --> 00:02:02,120 Speaker 4: bitcoin and putting them into USDC. So one of the 39 00:02:02,160 --> 00:02:04,960 Speaker 4: small winners in this selloff. But again right now up 40 00:02:04,960 --> 00:02:08,440 Speaker 4: about seventeen percent, still though nowhere near its peak, right 41 00:02:08,480 --> 00:02:10,679 Speaker 4: now around seventy two bucks a share was north of 42 00:02:10,720 --> 00:02:12,760 Speaker 4: two hundred and sixty back in June. 43 00:02:13,000 --> 00:02:15,080 Speaker 3: Yeah, well, good on them, because crypto has been a 44 00:02:15,160 --> 00:02:18,560 Speaker 3: challenging space for the last couple of months. Let's talk 45 00:02:18,560 --> 00:02:21,560 Speaker 3: about the First Solar again, disappointing net sales outlook waiting 46 00:02:21,600 --> 00:02:22,560 Speaker 3: those shares today. 47 00:02:22,400 --> 00:02:26,440 Speaker 4: Yeah, company talking down expectations for the year going forward, 48 00:02:26,639 --> 00:02:31,040 Speaker 4: issues around production, issues around certainty around demand. Obviously the 49 00:02:31,080 --> 00:02:34,360 Speaker 4: administration here in the US not really leaning into clean 50 00:02:34,400 --> 00:02:37,799 Speaker 4: tech like solar panels. So First Solar ticker FSLR right 51 00:02:37,840 --> 00:02:40,600 Speaker 4: now down about fourteen percent, so that's trading at the 52 00:02:40,600 --> 00:02:43,360 Speaker 4: lowest level seid September. Still up more than forty percent 53 00:02:43,360 --> 00:02:45,200 Speaker 4: on the trailing twelve month basis, but a lot of 54 00:02:45,280 --> 00:02:47,600 Speaker 4: uncertainty and a lot of chop around what the near 55 00:02:47,680 --> 00:02:49,880 Speaker 4: term outlook looks like here in twenty twenty six. With 56 00:02:50,080 --> 00:02:52,880 Speaker 4: our Bloomberg Intelligence analysts being more bullish on the long 57 00:02:53,000 --> 00:02:55,520 Speaker 4: term story, so maybe a buying opportunity, but still a 58 00:02:55,560 --> 00:02:58,560 Speaker 4: lot to grapple with as it relates to solar panels 59 00:02:58,680 --> 00:03:00,640 Speaker 4: being distributed and installed in the US. 60 00:03:01,840 --> 00:03:06,120 Speaker 2: The Stockmovers report from Bloomberg Radio check back with us 61 00:03:06,120 --> 00:03:08,919 Speaker 2: throughout the day. For the latest roundup of companies making 62 00:03:09,000 --> 00:03:12,600 Speaker 2: news on Wall Street, and for the latest market moving headlines. 63 00:03:12,840 --> 00:03:16,840 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 64 00:03:16,880 --> 00:03:19,960 Speaker 2: dot com, and on Applecarplay and Android Auto with the 65 00:03:20,000 --> 00:03:21,360 Speaker 2: Bloomberg Business app.