WEBVTT - Hewlett Packard Drops, Circle Internet Surges, First Solar Slumps as Net Sales Outlook Disappoints

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at stocks on the move and

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<v Speaker 3>the companies watch today. We have Bailey Lipshots, who is

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<v Speaker 3>Bloomberg News senior equities reporter in the studio with us Bailey.

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<v Speaker 3>Shall we start with HB disappointment over those memory prices.

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<v Speaker 4>Disappointment over the memory prices. Though the stock right now

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<v Speaker 4>is flat, so maybe not a big mover today, but

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<v Speaker 4>on an inter day basis had traded down as much

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<v Speaker 4>as three and a half percent, as much as up

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<v Speaker 4>as five and a half percent, so by the time

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<v Speaker 4>I finished speaking, it'll probably be taking a different direction.

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<v Speaker 4>But as you mentioned, pretty strong earnings all things considered,

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<v Speaker 4>but calling out the impact of memory costs hitting the

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<v Speaker 4>company throughout fiscal twenty six going into twenty twenty seven.

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<v Speaker 4>A lot of interest in spending, obviously, but when the

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<v Speaker 4>companies making these memory chips aren't able to pump them

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<v Speaker 4>out fast enough, leads to high prices. So HP management

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<v Speaker 4>saying earnings will be at the low end of guidance.

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<v Speaker 4>This is a company over the last twelve months, down

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<v Speaker 4>forty six percent. So one of the big losers.

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<v Speaker 1>Yeah, wow, circle, one of the big winners, right, let's

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<v Speaker 1>go to your CrCL circle in the stable coin space

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<v Speaker 1>right now up more than eighteen percent, biggest jump since September.

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<v Speaker 4>This is a company that has seen shares rally by

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<v Speaker 4>more than one hundred and thirty percent since going public

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<v Speaker 4>back in June. Quarterly profit beating expectations, stable coin demand

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<v Speaker 4>pretty much through the roof. This is a company who

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<v Speaker 4>has a flagship stablecoin USDC. According to their earnings, twenty

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<v Speaker 4>twenty five ended with about seventy five billion dollars in circulation.

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<v Speaker 4>That's up seventy two percent. Big thing with stable coins

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<v Speaker 4>is if you're investing in crypto, you buy bitcoin, you

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<v Speaker 4>buy ethereum, you have to take your US dollar and

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<v Speaker 4>put it into something, so typically goes into stable coins.

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<v Speaker 4>As we see sharp sell offs in the likes of Ethereum,

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<v Speaker 4>Ripple and Bitcoin investors or traders taking those dollars or

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<v Speaker 4>bitcoin and putting them into USDC. So one of the

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<v Speaker 4>small winners in this selloff. But again right now up

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<v Speaker 4>about seventeen percent, still though nowhere near its peak, right

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<v Speaker 4>now around seventy two bucks a share was north of

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<v Speaker 4>two hundred and sixty back in June.

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<v Speaker 3>Yeah, well, good on them, because crypto has been a

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<v Speaker 3>challenging space for the last couple of months. Let's talk

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<v Speaker 3>about the First Solar again, disappointing net sales outlook waiting

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<v Speaker 3>those shares today.

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<v Speaker 4>Yeah, company talking down expectations for the year going forward,

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<v Speaker 4>issues around production, issues around certainty around demand. Obviously the

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<v Speaker 4>administration here in the US not really leaning into clean

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<v Speaker 4>tech like solar panels. So First Solar ticker FSLR right

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<v Speaker 4>now down about fourteen percent, so that's trading at the

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<v Speaker 4>lowest level seid September. Still up more than forty percent

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<v Speaker 4>on the trailing twelve month basis, but a lot of

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<v Speaker 4>uncertainty and a lot of chop around what the near

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<v Speaker 4>term outlook looks like here in twenty twenty six. With

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<v Speaker 4>our Bloomberg Intelligence analysts being more bullish on the long

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<v Speaker 4>term story, so maybe a buying opportunity, but still a

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<v Speaker 4>lot to grapple with as it relates to solar panels

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<v Speaker 4>being distributed and installed in the US.

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<v Speaker 2>The Stockmovers report from Bloomberg Radio check back with us

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