WEBVTT - Micron Falls; Five Below Rallies; Newmont Drops

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<v Speaker 1>Bloomberg Audio Studios, podcasts, Radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg Data,

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<v Speaker 2>take a look at.

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<v Speaker 3>Some of the individual stocks on the move today.

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<v Speaker 1>We can do that with Bloomberg News, Ali Lipscholtzpilly what

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<v Speaker 1>day looking at today? Yeah, I want to start with

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<v Speaker 1>one of the worst performers in the S and P

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<v Speaker 1>five hundred, that is none other than Micron Technology ticker MU.

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<v Speaker 1>Really strong quarterly results when you look at the actual

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<v Speaker 1>revenue growth that we've been able to see. Similar story

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<v Speaker 1>though in video, where the questions are around the future,

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<v Speaker 1>Micron in particular laying out plans to spend much more

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<v Speaker 1>than analysts we're expecting. So now you're grappling with the

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<v Speaker 1>debate that we've been kind of tracking for a number

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<v Speaker 1>of weeks as it relates to memory jet makers, how

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<v Speaker 1>much capacity demand, how much demand is going to outpace capacity?

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<v Speaker 1>At what point does that kind of balance out? And

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<v Speaker 1>what does that ultimately mean for some of these companies.

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<v Speaker 1>So Micron right now down four and a half percent

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<v Speaker 1>size and scope, which we're obsessed with. Here a Bloomberg

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<v Speaker 1>Nothing special worst drop since you know last week. So

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<v Speaker 1>nothing too crazy, all right, next stop five below.

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<v Speaker 3>Do you guys, well you were talking to little Boo Boo.

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<v Speaker 1>Do you guys go to five below?

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<v Speaker 3>No, that's like a preteen kind of shop, right, the

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<v Speaker 3>most part is a pre.

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<v Speaker 1>Teen thing, yes, cyber Jersey saying yes, it also caters

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<v Speaker 1>to well. I also like when like I grew up

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<v Speaker 1>going to the ninety nine cents store, when things actually

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<v Speaker 1>cost ninety nine cents or less. Now it's like ninety

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<v Speaker 1>nine cents is kind of a.

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<v Speaker 3>So five below the idea that it costs five dollars.

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<v Speaker 1>Five rowers are below, but now it's like roughly five

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<v Speaker 1>to twenty five anyway, factors a five.

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<v Speaker 2>Sure, it's tough.

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<v Speaker 1>Naming a company when inflation is going to end up

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<v Speaker 1>impacting your business. Up right now, about nine percent traits

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<v Speaker 1>under the ticker five five, highest level since August twenty

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<v Speaker 1>twenty one. This has been quite the kind of renaissance,

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<v Speaker 1>if you will. This is a company that really bottomed

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<v Speaker 1>out this time last year with uncertainty around tariffs. Has

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<v Speaker 1>been on an absolute tear, beating expectations, continuing to see

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<v Speaker 1>comp sales beat what Wall Street was looking for are

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<v Speaker 1>also analysts calling out that this is one of the

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<v Speaker 1>many companies that could be benefiting from consumers downshifting their spending.

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<v Speaker 1>So maybe trying to find the bargain bin opportunities, if

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<v Speaker 1>you will, all right, one more keeping an eye on

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<v Speaker 1>all things gold, will use numont to be the track

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<v Speaker 1>medals are metals are trading off. It's been a fascinating move.

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<v Speaker 1>We were talking about on our desk how much of

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<v Speaker 1>this sell off looking at gold in particular right now,

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<v Speaker 1>it's down ten percent in the last week and a half.

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<v Speaker 1>How much of that is driven by fundamentals uncertainty or

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<v Speaker 1>just the fact that we saw such a tremendous run

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<v Speaker 1>up in the commodity space. So keeping an eye on

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<v Speaker 1>using Numont as our lens to view that ticker a

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<v Speaker 1>ne em down right now, about seven percent worse day

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<v Speaker 1>since January tewod as gold goes, so go the miners.

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<v Speaker 3>Yeah, but you know, for a while, people are blaming

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<v Speaker 3>the decline on gold on those stronger dollars. The dollars

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<v Speaker 3>week are today by a third of one percent, but

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<v Speaker 3>gold continues to decline.

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<v Speaker 1>Yeah, and I mean some people are saying, oh, well,

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<v Speaker 1>now that inflation's tougher, and we're also looking at a

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<v Speaker 1>war that's potentially going to lead a higher one prices

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<v Speaker 1>and knock on effects. What does that mean for rate touts?

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<v Speaker 1>And if you're gonna argue that gold should be appreciating

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<v Speaker 1>an appreciating asset as rates come lower, how much of

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<v Speaker 1>that is real? Humpuch to that is just time to

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<v Speaker 1>reass us exactly.

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