WEBVTT - Miners Stocks Fall; Five Below Rallies; Micron Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data.

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<v Speaker 2>Let's take a look at some stocks on the move today.

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<v Speaker 2>Alexis Christophorus was some of the choice marshals out there

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<v Speaker 2>this morning. Yeah, I want to start and bounce off

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<v Speaker 2>what you were just talking about with metals, the metals market,

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<v Speaker 2>because Newmont Mining, I'm looking at it right now. S

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<v Speaker 2>and P five hundred's worst performer ahead of the opening

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<v Speaker 2>bell down about nine percent. SSR Mining down about eight percent,

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<v Speaker 2>So they're trading significantly lower here due to that decline

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<v Speaker 2>you guys are just talking about in gold prices. You

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<v Speaker 2>know that, I guess in combination with central bank policy

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<v Speaker 2>we heard yesterday. You know, the Fed's going to sit

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<v Speaker 2>on its hands, probably for longer than many had hoped.

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<v Speaker 2>Now some are not even factoring in a rate cut

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<v Speaker 2>this year. We heard from the Bank of London today

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<v Speaker 2>as well. Also stand pat on interest rates. And then

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<v Speaker 2>of course the backdrop to all of this is the

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<v Speaker 2>war and of the geopolitical dynamics that are going on.

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<v Speaker 2>So important to note here that we still have Newmont

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<v Speaker 2>Mining up one hundred and twenty two percent year to date. Yep,

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<v Speaker 2>there you go. So I mean, because it's been riding

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<v Speaker 2>the coattails of what's been happening with precious metals and

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<v Speaker 2>gold in particular, very good. What else scat fors today?

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<v Speaker 2>Five below? So this is I'm doing a hard turn

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<v Speaker 2>and talking about a team focused retailer, which I don't

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<v Speaker 2>know if you guys have stepped foot in a five

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<v Speaker 2>below No cu Okay, well a lot of people are.

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<v Speaker 2>Holiday shoppers responded to an improved assortment, apparently greater social

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<v Speaker 2>media marketing, and a better overall in store experience. So

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<v Speaker 2>five below now out with a better than expected fiscal outlook,

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<v Speaker 2>predicting a sales bump thanks to new store openings. It's

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<v Speaker 2>going to be opening about one hundred and fifty new

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<v Speaker 2>stores this year. So we've got shares of five below

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<v Speaker 2>up about six percent months. Why don't you tell us

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<v Speaker 2>about this earlier? Trailing twelve wants to stacks up one

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<v Speaker 2>hundred and eighty percent?

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<v Speaker 1>Wow, people, so Lisa used to do that.

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<v Speaker 2>Lisa would give us stock tips.

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<v Speaker 1>Yeah, Alexis doesn't.

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<v Speaker 2>I can't get close to the Yeah, what else to

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<v Speaker 2>you right, Micron Technology, it's taking I you know, could

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<v Speaker 2>we say just a much needed breather here. It's down

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<v Speaker 2>about six percent, but it's up three hundred and fifty

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<v Speaker 2>two percent in just the past year. So we know

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<v Speaker 2>that our earnings last quarter beat right Blue pass estimates

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<v Speaker 2>on both the top and bottom line. But what investors

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<v Speaker 2>are honing in on is this capital spending now expected

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<v Speaker 2>to exceed twenty five billion dollars this fiscal year. Why

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<v Speaker 2>they have They're trying to keep up with this insatiable

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<v Speaker 2>appetite for memory chips.

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<v Speaker 1>the Bloomberg Business app. Mm hmm