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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: This is the closing bell on this stock mover's report

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Speaker 2: the company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenobek, Romain Bostik, and Scarlet flu

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Speaker 2: All right, guys, so let's go.

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Speaker 3: To some of the individual gainers, if I may, in

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Speaker 3: today's session. I'm going to look first of all at

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Speaker 3: an index, and that is the home building index. That

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Speaker 3: group up more than four percent in today's session. Keep

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Speaker 3: in mind soaring today after selling off yesterday afternoon when

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Speaker 3: President Trump, you know, talked about benny institutional investors from

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Speaker 3: buying single family homes. We saw I think almost all names.

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Speaker 3: Let me just check on my Bloomberg all names in

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Speaker 3: this index. Yep, there are eighteen of them. All of

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Speaker 3: them are higher in today's session. So it's kind of,

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Speaker 3: you know, we try to make sense out of what

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Speaker 3: the President says, and sometimes, you know, we've got to

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Speaker 3: see if there's any kind of real policy changes or

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Speaker 3: something that ultimately comes out of it. So housing roaring

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Speaker 3: back today. Defense names also coming back. Take a look

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Speaker 3: at Lockheed Martin, up more than four percent in today's session.

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Speaker 3: General Dynamics a gain of one point seven percent, Northrop

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Speaker 3: Grumman a gain of about two point four percent. Names

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Speaker 3: again in that group sold off yesterday when the President

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Speaker 3: targeted the group by warning contractors that none of them

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Speaker 3: should pay dividends, none of them should buy back their

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Speaker 3: own shares or pay executives, and exists in excess of

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Speaker 3: five million until they speed up production and maintenance.

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Speaker 1: Of their products.

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Speaker 3: And then after shortly after regular trading closed yesterday, we

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Speaker 3: had major defense docks coming back after we saw the

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Speaker 3: President talking about the military budget should be now one

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Speaker 3: and a half trillion dollars, a fifty percent surge for

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Speaker 3: fiscal year twenty twenty seven.

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Speaker 1: That is a big bump to the upside.

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Speaker 3: And I just want to mention Alphabet because it did

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Speaker 3: take over or overtook I should say, Apple inter day

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Speaker 3: to become the second most valuable company by market caps.

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Speaker 3: So we've just seen Google on a tear. I mean,

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Speaker 3: this is the first time Alphabet has been larger than

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Speaker 3: Apple since twenty nineteen. I keep in mind that I

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Speaker 3: think Alphabet was the best performer among the MAGS seven

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Speaker 3: in twenty twenty five. And I'm just going to take

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Speaker 3: a look Alphabet's market cap finishing the.

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Speaker 1: Day at three point nine three eight billion carols. How

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Speaker 1: do you do that? Room Maine said, yes, you're just

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Speaker 1: checking right point nine.

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Speaker 3: You want to make sure I got this right.

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Speaker 1: And apples like three point eight. Now, thank you for

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Speaker 1: doing that, sure thing. I appreciate it up here because yeah,

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Speaker 1: to help Caroler.

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Speaker 4: Okay, well let's start with Nvidia, because crowd it was

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Speaker 4: kind of an alphabet was kind of a standout when

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Speaker 4: it came to in the mag seven wee we're seeing

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Speaker 4: this rotation out of big tech. In video down two

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Speaker 4: point two percent today, Broadcom, Microsoft, Apple, Micron, Meta platforms

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Speaker 4: all dragging the market lower, and videos down about eleven

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Speaker 4: percent from those October highs. There was that Bloomberg exclusive

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Speaker 4: this morning that China does plan to approve some imports

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Speaker 4: of in videos H two hundred chips as soon as

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Speaker 4: this quarter for select commercial use. Also watching in the

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Speaker 4: S and P five hundred memory chip makers took a

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Speaker 4: bit of a dive today, sand Disk, Western Digital, Seagate

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Speaker 4: all falling today. Sand Dis down more than five percent,

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Speaker 4: Western Digital down six percent, Seagate down more than seven percent.

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Speaker 4: These were some of the best performing stocks in the

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Speaker 4: S and P five hundred last year. SanDisk was up

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Speaker 4: five hundred and sixty percent from its February debut last year.

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Speaker 4: Western Digital up last year, Yeah, two hundred and eighty

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Speaker 4: four percent. Segate up two hundred and twenty five.

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Speaker 1: What's drive in this? Tim? You know, I kept looking around,

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Speaker 1: but did that. All the software companies, cybersecurity companies are

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Speaker 1: all down today, but there's no news.

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Speaker 4: I know. I was trying to figure it out too.

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Speaker 4: I got in touch with Bill Maloney, who's our Yeah,

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Speaker 4: we love Bill. Yeah, he's scro after the performance last year. Yeah,

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Speaker 4: they're just taking a little bit of a breather. Okay,

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Speaker 4: that's the technical analysis and I'm sticking to it.

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Speaker 1: I breather.

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Speaker 4: Yeah. Finally, let's look at ADRs of Rio Tinto today

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Speaker 4: taking a bit of a hit. Glen Core ADRs rose

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Speaker 4: as much as seven point four percent. Rio Tinto clob

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Speaker 4: down eight tens of one percent, before they fell as

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Speaker 4: much as three point nine percent. This after the FT

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Speaker 4: reported that the miners have restarted talks over a potential merger,

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Speaker 4: citing an identified people familiar and with the matter.

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