Speaker 1: Bloomberg Audio Studios, podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data,
Speaker 2: take a look at.
Speaker 3: Some of the individual stocks on the move today.
Speaker 1: We can do that with Bloomberg News, Ali Lipscholtzpilly what
Speaker 1: day looking at today? Yeah, I want to start with
Speaker 1: one of the worst performers in the S and P
Speaker 1: five hundred, that is none other than Micron Technology ticker MU.
Speaker 1: Really strong quarterly results when you look at the actual
Speaker 1: revenue growth that we've been able to see. Similar story
Speaker 1: though in video, where the questions are around the future,
Speaker 1: Micron in particular laying out plans to spend much more
Speaker 1: than analysts we're expecting. So now you're grappling with the
Speaker 1: debate that we've been kind of tracking for a number
Speaker 1: of weeks as it relates to memory jet makers, how
Speaker 1: much capacity demand, how much demand is going to outpace capacity?
Speaker 1: At what point does that kind of balance out? And
Speaker 1: what does that ultimately mean for some of these companies.
Speaker 1: So Micron right now down four and a half percent
Speaker 1: size and scope, which we're obsessed with. Here a Bloomberg
Speaker 1: Nothing special worst drop since you know last week. So
Speaker 1: nothing too crazy, all right, next stop five below.
Speaker 3: Do you guys, well you were talking to little Boo Boo.
Speaker 1: Do you guys go to five below?
Speaker 3: No, that's like a preteen kind of shop, right, the
Speaker 3: most part is a pre.
Speaker 1: Teen thing, yes, cyber Jersey saying yes, it also caters
Speaker 1: to well. I also like when like I grew up
Speaker 1: going to the ninety nine cents store, when things actually
Speaker 1: cost ninety nine cents or less. Now it's like ninety
Speaker 1: nine cents is kind of a.
Speaker 3: So five below the idea that it costs five dollars.
Speaker 1: Five rowers are below, but now it's like roughly five
Speaker 1: to twenty five anyway, factors a five.
Speaker 2: Sure, it's tough.
Speaker 1: Naming a company when inflation is going to end up
Speaker 1: impacting your business. Up right now, about nine percent traits
Speaker 1: under the ticker five five, highest level since August twenty
Speaker 1: twenty one. This has been quite the kind of renaissance,
Speaker 1: if you will. This is a company that really bottomed
Speaker 1: out this time last year with uncertainty around tariffs. Has
Speaker 1: been on an absolute tear, beating expectations, continuing to see
Speaker 1: comp sales beat what Wall Street was looking for are
Speaker 1: also analysts calling out that this is one of the
Speaker 1: many companies that could be benefiting from consumers downshifting their spending.
Speaker 1: So maybe trying to find the bargain bin opportunities, if
Speaker 1: you will, all right, one more keeping an eye on
Speaker 1: all things gold, will use numont to be the track
Speaker 1: medals are metals are trading off. It's been a fascinating move.
Speaker 1: We were talking about on our desk how much of
Speaker 1: this sell off looking at gold in particular right now,
Speaker 1: it's down ten percent in the last week and a half.
Speaker 1: How much of that is driven by fundamentals uncertainty or
Speaker 1: just the fact that we saw such a tremendous run
Speaker 1: up in the commodity space. So keeping an eye on
Speaker 1: using Numont as our lens to view that ticker a
Speaker 1: ne em down right now, about seven percent worse day
Speaker 1: since January tewod as gold goes, so go the miners.
Speaker 3: Yeah, but you know, for a while, people are blaming
Speaker 3: the decline on gold on those stronger dollars. The dollars
Speaker 3: week are today by a third of one percent, but
Speaker 3: gold continues to decline.
Speaker 1: Yeah, and I mean some people are saying, oh, well,
Speaker 1: now that inflation's tougher, and we're also looking at a
Speaker 1: war that's potentially going to lead a higher one prices
Speaker 1: and knock on effects. What does that mean for rate touts?
Speaker 1: And if you're gonna argue that gold should be appreciating
Speaker 1: an appreciating asset as rates come lower, how much of
Speaker 1: that is real? Humpuch to that is just time to
Speaker 1: reass us exactly.
Speaker 2: The 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
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.