1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market. Harnessing the power of Bloomberg Data, 4 00:00:16,680 --> 00:00:17,400 Speaker 2: take a look at. 5 00:00:17,239 --> 00:00:19,200 Speaker 3: Some of the individual stocks on the move today. 6 00:00:19,200 --> 00:00:21,680 Speaker 1: We can do that with Bloomberg News, Ali Lipscholtzpilly what 7 00:00:21,720 --> 00:00:23,200 Speaker 1: day looking at today? Yeah, I want to start with 8 00:00:23,239 --> 00:00:24,560 Speaker 1: one of the worst performers in the S and P 9 00:00:24,640 --> 00:00:28,280 Speaker 1: five hundred, that is none other than Micron Technology ticker MU. 10 00:00:28,800 --> 00:00:32,000 Speaker 1: Really strong quarterly results when you look at the actual 11 00:00:32,080 --> 00:00:34,720 Speaker 1: revenue growth that we've been able to see. Similar story 12 00:00:34,760 --> 00:00:37,120 Speaker 1: though in video, where the questions are around the future, 13 00:00:37,200 --> 00:00:41,040 Speaker 1: Micron in particular laying out plans to spend much more 14 00:00:41,080 --> 00:00:43,720 Speaker 1: than analysts we're expecting. So now you're grappling with the 15 00:00:43,720 --> 00:00:45,840 Speaker 1: debate that we've been kind of tracking for a number 16 00:00:45,880 --> 00:00:48,360 Speaker 1: of weeks as it relates to memory jet makers, how 17 00:00:48,440 --> 00:00:53,360 Speaker 1: much capacity demand, how much demand is going to outpace capacity? 18 00:00:53,600 --> 00:00:55,840 Speaker 1: At what point does that kind of balance out? And 19 00:00:55,840 --> 00:00:58,000 Speaker 1: what does that ultimately mean for some of these companies. 20 00:00:58,080 --> 00:01:00,400 Speaker 1: So Micron right now down four and a half percent 21 00:01:00,720 --> 00:01:02,680 Speaker 1: size and scope, which we're obsessed with. Here a Bloomberg 22 00:01:02,760 --> 00:01:06,240 Speaker 1: Nothing special worst drop since you know last week. So 23 00:01:06,319 --> 00:01:09,720 Speaker 1: nothing too crazy, all right, next stop five below. 24 00:01:09,760 --> 00:01:11,479 Speaker 3: Do you guys, well you were talking to little Boo Boo. 25 00:01:11,480 --> 00:01:12,640 Speaker 1: Do you guys go to five below? 26 00:01:12,760 --> 00:01:15,120 Speaker 3: No, that's like a preteen kind of shop, right, the 27 00:01:15,120 --> 00:01:16,240 Speaker 3: most part is a pre. 28 00:01:16,200 --> 00:01:20,440 Speaker 1: Teen thing, yes, cyber Jersey saying yes, it also caters 29 00:01:20,480 --> 00:01:22,840 Speaker 1: to well. I also like when like I grew up 30 00:01:22,880 --> 00:01:24,640 Speaker 1: going to the ninety nine cents store, when things actually 31 00:01:24,680 --> 00:01:26,720 Speaker 1: cost ninety nine cents or less. Now it's like ninety 32 00:01:26,760 --> 00:01:27,759 Speaker 1: nine cents is kind of a. 33 00:01:27,840 --> 00:01:30,120 Speaker 3: So five below the idea that it costs five dollars. 34 00:01:29,920 --> 00:01:32,759 Speaker 1: Five rowers are below, but now it's like roughly five 35 00:01:33,040 --> 00:01:35,600 Speaker 1: to twenty five anyway, factors a five. 36 00:01:35,640 --> 00:01:37,360 Speaker 2: Sure, it's tough. 37 00:01:37,240 --> 00:01:39,320 Speaker 1: Naming a company when inflation is going to end up 38 00:01:39,440 --> 00:01:41,960 Speaker 1: impacting your business. Up right now, about nine percent traits 39 00:01:42,000 --> 00:01:46,400 Speaker 1: under the ticker five five, highest level since August twenty 40 00:01:46,440 --> 00:01:49,360 Speaker 1: twenty one. This has been quite the kind of renaissance, 41 00:01:49,360 --> 00:01:51,440 Speaker 1: if you will. This is a company that really bottomed 42 00:01:51,440 --> 00:01:54,360 Speaker 1: out this time last year with uncertainty around tariffs. Has 43 00:01:54,360 --> 00:01:57,680 Speaker 1: been on an absolute tear, beating expectations, continuing to see 44 00:01:57,720 --> 00:02:00,200 Speaker 1: comp sales beat what Wall Street was looking for are 45 00:02:00,200 --> 00:02:02,280 Speaker 1: also analysts calling out that this is one of the 46 00:02:02,280 --> 00:02:05,840 Speaker 1: many companies that could be benefiting from consumers downshifting their spending. 47 00:02:05,920 --> 00:02:09,400 Speaker 1: So maybe trying to find the bargain bin opportunities, if 48 00:02:09,400 --> 00:02:12,200 Speaker 1: you will, all right, one more keeping an eye on 49 00:02:12,240 --> 00:02:14,519 Speaker 1: all things gold, will use numont to be the track 50 00:02:14,600 --> 00:02:18,239 Speaker 1: medals are metals are trading off. It's been a fascinating move. 51 00:02:18,280 --> 00:02:20,480 Speaker 1: We were talking about on our desk how much of 52 00:02:20,520 --> 00:02:23,080 Speaker 1: this sell off looking at gold in particular right now, 53 00:02:23,639 --> 00:02:25,880 Speaker 1: it's down ten percent in the last week and a half. 54 00:02:25,919 --> 00:02:28,480 Speaker 1: How much of that is driven by fundamentals uncertainty or 55 00:02:28,520 --> 00:02:30,799 Speaker 1: just the fact that we saw such a tremendous run 56 00:02:30,880 --> 00:02:34,040 Speaker 1: up in the commodity space. So keeping an eye on 57 00:02:34,120 --> 00:02:35,959 Speaker 1: using Numont as our lens to view that ticker a 58 00:02:35,960 --> 00:02:38,600 Speaker 1: ne em down right now, about seven percent worse day 59 00:02:38,680 --> 00:02:43,320 Speaker 1: since January tewod as gold goes, so go the miners. 60 00:02:43,400 --> 00:02:45,480 Speaker 3: Yeah, but you know, for a while, people are blaming 61 00:02:45,520 --> 00:02:49,080 Speaker 3: the decline on gold on those stronger dollars. The dollars 62 00:02:49,120 --> 00:02:51,600 Speaker 3: week are today by a third of one percent, but 63 00:02:51,639 --> 00:02:53,240 Speaker 3: gold continues to decline. 64 00:02:53,400 --> 00:02:55,440 Speaker 1: Yeah, and I mean some people are saying, oh, well, 65 00:02:55,440 --> 00:02:58,040 Speaker 1: now that inflation's tougher, and we're also looking at a 66 00:02:58,080 --> 00:03:00,519 Speaker 1: war that's potentially going to lead a higher one prices 67 00:03:00,520 --> 00:03:02,560 Speaker 1: and knock on effects. What does that mean for rate touts? 68 00:03:02,600 --> 00:03:05,240 Speaker 1: And if you're gonna argue that gold should be appreciating 69 00:03:05,240 --> 00:03:09,120 Speaker 1: an appreciating asset as rates come lower, how much of 70 00:03:09,120 --> 00:03:11,200 Speaker 1: that is real? Humpuch to that is just time to 71 00:03:11,240 --> 00:03:12,320 Speaker 1: reass us exactly. 72 00:03:13,400 --> 00:03:17,400 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 73 00:03:17,480 --> 00:03:20,079 Speaker 2: us throughout the day for the latest roundup of companies 74 00:03:20,160 --> 00:03:23,239 Speaker 2: making news on Wall Street and for the latest market 75 00:03:23,280 --> 00:03:27,760 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 76 00:03:27,840 --> 00:03:31,320 Speaker 2: Bloomberg dot com, and on applecarplay and Android Auto with 77 00:03:31,400 --> 00:03:32,880 Speaker 2: the Bloomberg Business app.