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 3: Let's take a look at stocks on the move and
Speaker 3: the companies watch today. We have Bailey Lipshots, who is
Speaker 3: Bloomberg News senior equities reporter in the studio with us Bailey.
Speaker 3: Shall we start with HB disappointment over those memory prices.
Speaker 4: Disappointment over the memory prices. Though the stock right now
Speaker 4: is flat, so maybe not a big mover today, but
Speaker 4: on an inter day basis had traded down as much
Speaker 4: as three and a half percent, as much as up
Speaker 4: as five and a half percent, so by the time
Speaker 4: I finished speaking, it'll probably be taking a different direction.
Speaker 4: But as you mentioned, pretty strong earnings all things considered,
Speaker 4: but calling out the impact of memory costs hitting the
Speaker 4: company throughout fiscal twenty six going into twenty twenty seven.
Speaker 4: A lot of interest in spending, obviously, but when the
Speaker 4: companies making these memory chips aren't able to pump them
Speaker 4: out fast enough, leads to high prices. So HP management
Speaker 4: saying earnings will be at the low end of guidance.
Speaker 4: This is a company over the last twelve months, down
Speaker 4: forty six percent. So one of the big losers.
Speaker 1: Yeah, wow, circle, one of the big winners, right, let's
Speaker 1: go to your CrCL circle in the stable coin space
Speaker 1: right now up more than eighteen percent, biggest jump since September.
Speaker 4: This is a company that has seen shares rally by
Speaker 4: more than one hundred and thirty percent since going public
Speaker 4: back in June. Quarterly profit beating expectations, stable coin demand
Speaker 4: pretty much through the roof. This is a company who
Speaker 4: has a flagship stablecoin USDC. According to their earnings, twenty
Speaker 4: twenty five ended with about seventy five billion dollars in circulation.
Speaker 4: That's up seventy two percent. Big thing with stable coins
Speaker 4: is if you're investing in crypto, you buy bitcoin, you
Speaker 4: buy ethereum, you have to take your US dollar and
Speaker 4: put it into something, so typically goes into stable coins.
Speaker 4: As we see sharp sell offs in the likes of Ethereum,
Speaker 4: Ripple and Bitcoin investors or traders taking those dollars or
Speaker 4: bitcoin and putting them into USDC. So one of the
Speaker 4: small winners in this selloff. But again right now up
Speaker 4: about seventeen percent, still though nowhere near its peak, right
Speaker 4: now around seventy two bucks a share was north of
Speaker 4: two hundred and sixty back in June.
Speaker 3: Yeah, well, good on them, because crypto has been a
Speaker 3: challenging space for the last couple of months. Let's talk
Speaker 3: about the First Solar again, disappointing net sales outlook waiting
Speaker 3: those shares today.
Speaker 4: Yeah, company talking down expectations for the year going forward,
Speaker 4: issues around production, issues around certainty around demand. Obviously the
Speaker 4: administration here in the US not really leaning into clean
Speaker 4: tech like solar panels. So First Solar ticker FSLR right
Speaker 4: now down about fourteen percent, so that's trading at the
Speaker 4: lowest level seid September. Still up more than forty percent
Speaker 4: on the trailing twelve month basis, but a lot of
Speaker 4: uncertainty and a lot of chop around what the near
Speaker 4: term outlook looks like here in twenty twenty six. With
Speaker 4: our Bloomberg Intelligence analysts being more bullish on the long
Speaker 4: term story, so maybe a buying opportunity, but still a
Speaker 4: lot to grapple with as it relates to solar panels
Speaker 4: being distributed and installed in the US.
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