WEBVTT - Closing Bell: Klarna Climbs in Debut, Oracle Soars, Synopsis Drops

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is the closing bell on this stock movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Master, Tim Stenebeck, Romain Bostik, and Scarlet.

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<v Speaker 3>Foo taking a check at advancers and decliners around over

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<v Speaker 3>one hundred and eighty companies hired today, about thirty seven

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<v Speaker 3>percent of the index at three hundred and sixteen lower

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<v Speaker 3>or sixty three roughly percent.

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<v Speaker 4>Katie, and let's take a look at the sector level.

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<v Speaker 4>Interesting breakdown here. You had slightly more losers than winners

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<v Speaker 4>when you take a look at that circle. But if

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<v Speaker 4>you're wondering what that bright green area is, that, of

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<v Speaker 4>course is tech. We know it was a big day

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<v Speaker 4>in the tech space, Oracle again, but also energy having

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<v Speaker 4>a good day as well, Utilities too getting in on

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<v Speaker 4>the action. Would didn't do so hot today. Consumer discretionary

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<v Speaker 4>your biggest loser on a percentage basis, Consumer staples as well,

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<v Speaker 4>having a bad month and having a bad day, down

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<v Speaker 4>about one percent.

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<v Speaker 3>And of course looking at the gainers, guys have to

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<v Speaker 3>bring up Klarna, the buy now pay leader. Of course,

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<v Speaker 3>made Bailey lipschutzit here earlier breaking it down for us,

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<v Speaker 3>so looking at how it prices IPO above its range

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<v Speaker 3>and raised about one point four billion dollars. So at

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<v Speaker 3>the opened rising as much as thirty percent, and of

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<v Speaker 3>course Katie was just mentioning Oracle ol CL here for

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<v Speaker 3>the ticker actually jumping at thirty six percent, so it's

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<v Speaker 3>a best day since December nineteen ninety two. So the

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<v Speaker 3>Wall Street Journal having that report that openingy signed a

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<v Speaker 3>contract to persons three hundred billion dollars in computing power

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<v Speaker 3>over roughly five years from Oracle, and then you're looking

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<v Speaker 3>over at other companies related to that. So Broadcom up

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<v Speaker 3>close to ten percent. It's best day since April ninth,

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<v Speaker 3>so rising on the back of that. So it's kind

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<v Speaker 3>of leading the chip sector rally there with its CEO

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<v Speaker 3>actually talking about a potential for a big payday if

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<v Speaker 3>you can hit challenging new targets for artificial intelligence and

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<v Speaker 3>then asset entities. The ticker is ASST that's jumping looking

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<v Speaker 3>at twenty nine percent. Hired's best day since August eleventh,

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<v Speaker 3>and so what happened here at shareholders did approve a

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<v Speaker 3>striveverger here, so looking at that stock more than doubling

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<v Speaker 3>when you're trading there and seeing how that shakes out

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<v Speaker 3>for the gators there. So Lisa, what are you looking

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<v Speaker 3>at for decliner?

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<v Speaker 5>Okay, decliners, I have to go to Synopsis Sticker SNPs.

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<v Speaker 5>Their shares closed down more than thirty five percent, a

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<v Speaker 5>big downer. It warned that US export restrictions they're contributing

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<v Speaker 5>to a slowdown in China, and that is its largest

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<v Speaker 5>market for semiconductors. So At CEO said a couple of things.

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<v Speaker 5>He said he would be refocusing those resources on other areas.

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<v Speaker 5>I said, they're reducing the company's headcount by ten percent.

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<v Speaker 5>Also reported things like third quarter results should a week

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<v Speaker 5>read on design ip revenue, gave an earnings outlook that

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<v Speaker 5>was a little bit weaker than expected. I also want

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<v Speaker 5>to point out chewy tticker Cchwy. Their shares closed down

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<v Speaker 5>about sixteen percent. So basically what this is, it's going

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<v Speaker 5>to give up some profit to get a larger share

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<v Speaker 5>of the pets supplies market. That was even if it

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<v Speaker 5>meant disappointing Wall Street, which it did. So it reported

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<v Speaker 5>those second quarter results raise its full year sale guidance,

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<v Speaker 5>but the company backed its profitability outlook right It plans

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<v Speaker 5>to reinvest those top line gains into pricing growth driver

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<v Speaker 5>growth drivers like its paid membership program.

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<v Speaker 1>I don't know.

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<v Speaker 5>I don't have a dog. I'm allergic.

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<v Speaker 3>So that's how you go.

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<v Speaker 5>Sorry, sorry so much. I know my kids ask me

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<v Speaker 5>for dogs all the time. It's not going to happen.

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<v Speaker 5>I quickly want to touch on HPA tick R HPQ.

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<v Speaker 5>Their shares down closed down about one percent. It basically

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<v Speaker 5>this is an upgrade down grade scory it was. It

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<v Speaker 5>was downgraded to inline from outperform at ever evercore ISI.

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<v Speaker 1>Yeah, let's go take a quick look at yields right now.

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<v Speaker 1>Basically a drop down the curve with actually more of

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<v Speaker 1>the activity on the longer end of the curve. And

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<v Speaker 1>this is actually going to really play into this idea

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<v Speaker 1>as to what's been going on with regards to inflation.

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<v Speaker 1>That PPI report this morning. While on the top line,

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<v Speaker 1>it did seem to show that there was some containment

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<v Speaker 1>in the space, we should point out under the hood,

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<v Speaker 1>when you look at wholesaler margins, you have a lot

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<v Speaker 1>of wholesalers eating the costs of those tariffs. That means

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<v Speaker 1>they're not passing it down to the consumer. That might

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<v Speaker 1>bode well for the CPI report tomorrow morning. But the

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<v Speaker 1>big question is how much longer does that last? I

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<v Speaker 1>do want to turn back to socks, and before we

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<v Speaker 1>move on to what happened with Oracle, I do just

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<v Speaker 1>want to mention Klarna, of course, in the clothes on

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<v Speaker 1>the day there we did go the clothes right at

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<v Speaker 1>that forty five eighty two level. So relatively successful day

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<v Speaker 1>for the newest entrance to the market and IPO at

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<v Speaker 1>forty dollars and open today at fifty two in a

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<v Speaker 1>close just below forty six.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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