Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Master, Tim Stenebeck, Romain Bostik, and Scarlet.
Speaker 3: Foo taking a check at advancers and decliners around over
Speaker 3: one hundred and eighty companies hired today, about thirty seven
Speaker 3: percent of the index at three hundred and sixteen lower
Speaker 3: or sixty three roughly percent.
Speaker 4: Katie, and let's take a look at the sector level.
Speaker 4: Interesting breakdown here. You had slightly more losers than winners
Speaker 4: when you take a look at that circle. But if
Speaker 4: you're wondering what that bright green area is, that, of
Speaker 4: course is tech. We know it was a big day
Speaker 4: in the tech space, Oracle again, but also energy having
Speaker 4: a good day as well, Utilities too getting in on
Speaker 4: the action. Would didn't do so hot today. Consumer discretionary
Speaker 4: your biggest loser on a percentage basis, Consumer staples as well,
Speaker 4: having a bad month and having a bad day, down
Speaker 4: about one percent.
Speaker 3: And of course looking at the gainers, guys have to
Speaker 3: bring up Klarna, the buy now pay leader. Of course,
Speaker 3: made Bailey lipschutzit here earlier breaking it down for us,
Speaker 3: so looking at how it prices IPO above its range
Speaker 3: and raised about one point four billion dollars. So at
Speaker 3: the opened rising as much as thirty percent, and of
Speaker 3: course Katie was just mentioning Oracle ol CL here for
Speaker 3: the ticker actually jumping at thirty six percent, so it's
Speaker 3: a best day since December nineteen ninety two. So the
Speaker 3: Wall Street Journal having that report that openingy signed a
Speaker 3: contract to persons three hundred billion dollars in computing power
Speaker 3: over roughly five years from Oracle, and then you're looking
Speaker 3: over at other companies related to that. So Broadcom up
Speaker 3: close to ten percent. It's best day since April ninth,
Speaker 3: so rising on the back of that. So it's kind
Speaker 3: of leading the chip sector rally there with its CEO
Speaker 3: actually talking about a potential for a big payday if
Speaker 3: you can hit challenging new targets for artificial intelligence and
Speaker 3: then asset entities. The ticker is ASST that's jumping looking
Speaker 3: at twenty nine percent. Hired's best day since August eleventh,
Speaker 3: and so what happened here at shareholders did approve a
Speaker 3: striveverger here, so looking at that stock more than doubling
Speaker 3: when you're trading there and seeing how that shakes out
Speaker 3: for the gators there. So Lisa, what are you looking
Speaker 3: at for decliner?
Speaker 5: Okay, decliners, I have to go to Synopsis Sticker SNPs.
Speaker 5: Their shares closed down more than thirty five percent, a
Speaker 5: big downer. It warned that US export restrictions they're contributing
Speaker 5: to a slowdown in China, and that is its largest
Speaker 5: market for semiconductors. So At CEO said a couple of things.
Speaker 5: He said he would be refocusing those resources on other areas.
Speaker 5: I said, they're reducing the company's headcount by ten percent.
Speaker 5: Also reported things like third quarter results should a week
Speaker 5: read on design ip revenue, gave an earnings outlook that
Speaker 5: was a little bit weaker than expected. I also want
Speaker 5: to point out chewy tticker Cchwy. Their shares closed down
Speaker 5: about sixteen percent. So basically what this is, it's going
Speaker 5: to give up some profit to get a larger share
Speaker 5: of the pets supplies market. That was even if it
Speaker 5: meant disappointing Wall Street, which it did. So it reported
Speaker 5: those second quarter results raise its full year sale guidance,
Speaker 5: but the company backed its profitability outlook right It plans
Speaker 5: to reinvest those top line gains into pricing growth driver
Speaker 5: growth drivers like its paid membership program.
Speaker 1: I don't know.
Speaker 5: I don't have a dog. I'm allergic.
Speaker 3: So that's how you go.
Speaker 5: Sorry, sorry so much. I know my kids ask me
Speaker 5: for dogs all the time. It's not going to happen.
Speaker 5: I quickly want to touch on HPA tick R HPQ.
Speaker 5: Their shares down closed down about one percent. It basically
Speaker 5: this is an upgrade down grade scory it was. It
Speaker 5: was downgraded to inline from outperform at ever evercore ISI.
Speaker 1: Yeah, let's go take a quick look at yields right now.
Speaker 1: Basically a drop down the curve with actually more of
Speaker 1: the activity on the longer end of the curve. And
Speaker 1: this is actually going to really play into this idea
Speaker 1: as to what's been going on with regards to inflation.
Speaker 1: That PPI report this morning. While on the top line,
Speaker 1: it did seem to show that there was some containment
Speaker 1: in the space, we should point out under the hood,
Speaker 1: when you look at wholesaler margins, you have a lot
Speaker 1: of wholesalers eating the costs of those tariffs. That means
Speaker 1: they're not passing it down to the consumer. That might
Speaker 1: bode well for the CPI report tomorrow morning. But the
Speaker 1: big question is how much longer does that last? I
Speaker 1: do want to turn back to socks, and before we
Speaker 1: move on to what happened with Oracle, I do just
Speaker 1: want to mention Klarna, of course, in the clothes on
Speaker 1: the day there we did go the clothes right at
Speaker 1: that forty five eighty two level. So relatively successful day
Speaker 1: for the newest entrance to the market and IPO at
Speaker 1: forty dollars and open today at fifty two in a
Speaker 1: close just below forty six.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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