Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 2: Alexis Christophorus was some of the choice marshals out there
Speaker 2: this morning. Yeah, I want to start and bounce off
Speaker 2: what you were just talking about with metals, the metals market,
Speaker 2: because Newmont Mining, I'm looking at it right now. S
Speaker 2: and P five hundred's worst performer ahead of the opening
Speaker 2: bell down about nine percent. SSR Mining down about eight percent,
Speaker 2: So they're trading significantly lower here due to that decline
Speaker 2: you guys are just talking about in gold prices. You
Speaker 2: know that, I guess in combination with central bank policy
Speaker 2: we heard yesterday. You know, the Fed's going to sit
Speaker 2: on its hands, probably for longer than many had hoped.
Speaker 2: Now some are not even factoring in a rate cut
Speaker 2: this year. We heard from the Bank of London today
Speaker 2: as well. Also stand pat on interest rates. And then
Speaker 2: of course the backdrop to all of this is the
Speaker 2: war and of the geopolitical dynamics that are going on.
Speaker 2: So important to note here that we still have Newmont
Speaker 2: Mining up one hundred and twenty two percent year to date. Yep,
Speaker 2: there you go. So I mean, because it's been riding
Speaker 2: the coattails of what's been happening with precious metals and
Speaker 2: gold in particular, very good. What else scat fors today?
Speaker 2: Five below? So this is I'm doing a hard turn
Speaker 2: and talking about a team focused retailer, which I don't
Speaker 2: know if you guys have stepped foot in a five
Speaker 2: below No cu Okay, well a lot of people are.
Speaker 2: Holiday shoppers responded to an improved assortment, apparently greater social
Speaker 2: media marketing, and a better overall in store experience. So
Speaker 2: five below now out with a better than expected fiscal outlook,
Speaker 2: predicting a sales bump thanks to new store openings. It's
Speaker 2: going to be opening about one hundred and fifty new
Speaker 2: stores this year. So we've got shares of five below
Speaker 2: up about six percent months. Why don't you tell us
Speaker 2: about this earlier? Trailing twelve wants to stacks up one
Speaker 2: hundred and eighty percent?
Speaker 1: Wow, people, so Lisa used to do that.
Speaker 2: Lisa would give us stock tips.
Speaker 1: Yeah, Alexis doesn't.
Speaker 2: I can't get close to the Yeah, what else to
Speaker 2: you right, Micron Technology, it's taking I you know, could
Speaker 2: we say just a much needed breather here. It's down
Speaker 2: about six percent, but it's up three hundred and fifty
Speaker 2: two percent in just the past year. So we know
Speaker 2: that our earnings last quarter beat right Blue pass estimates
Speaker 2: on both the top and bottom line. But what investors
Speaker 2: are honing in on is this capital spending now expected
Speaker 2: to exceed twenty five billion dollars this fiscal year. Why
Speaker 2: they have They're trying to keep up with this insatiable
Speaker 2: appetite for memory chips.
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