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 00:00:16,480 --> 00:00:17,959 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,000 --> 00:00:21,279 Speaker 3: the moves. I'm Lis Matteo. We're joined by Bloomberg's Valerie 6 00:00:21,320 --> 00:00:24,200 Speaker 3: ty tel So Valerie. We have more stocks joining the 7 00:00:24,440 --> 00:00:25,560 Speaker 3: S and P five hundred index. 8 00:00:25,600 --> 00:00:29,160 Speaker 1: Correct, Yeah, that's causing some volatility in pre market trade. 9 00:00:29,160 --> 00:00:32,199 Speaker 1: One of those benefiting is robin Hood up seven and 10 00:00:32,200 --> 00:00:36,120 Speaker 1: a half percent. This is the retail trading platform. They 11 00:00:36,159 --> 00:00:38,400 Speaker 1: have been announced it will join the S and P 12 00:00:38,560 --> 00:00:41,280 Speaker 1: five hundred on the twenty second of September and marks 13 00:00:41,280 --> 00:00:43,479 Speaker 1: a milestone not just for the company but for the 14 00:00:43,560 --> 00:00:47,520 Speaker 1: retail investing boom it helped define the disruptor's Wall Street 15 00:00:47,600 --> 00:00:50,160 Speaker 1: is now going to become a pillar of Wall Street 16 00:00:50,159 --> 00:00:52,879 Speaker 1: in one of those exclusive clubs known as the S 17 00:00:52,920 --> 00:00:55,320 Speaker 1: and P five hundred. But it's benefiting from those passive 18 00:00:55,640 --> 00:00:58,440 Speaker 1: investment inflows to be expected. Robin Hood up seven and 19 00:00:58,480 --> 00:01:00,680 Speaker 1: a half. We also have another winner, Lisa, and that's 20 00:01:00,760 --> 00:01:04,679 Speaker 1: app Lovin'. This is the mobile app marketing company. Will 21 00:01:04,720 --> 00:01:06,920 Speaker 1: also be joining the S and P five hundred. It 22 00:01:06,959 --> 00:01:10,120 Speaker 1: has doubled since it's April low and adding to those 23 00:01:10,160 --> 00:01:12,280 Speaker 1: gains this morning with app love and up seven and 24 00:01:12,319 --> 00:01:13,360 Speaker 1: a half percent as well. 25 00:01:13,480 --> 00:01:15,039 Speaker 3: And who's not included in that? 26 00:01:15,840 --> 00:01:18,160 Speaker 1: There was somebody who got the snub, and that is 27 00:01:18,280 --> 00:01:23,440 Speaker 1: micro Strategy also known as Strategy. This is the bitcoin 28 00:01:23,520 --> 00:01:27,360 Speaker 1: holding company not going to be included in the index. Remember, 29 00:01:27,480 --> 00:01:30,880 Speaker 1: it's a committee that decides these things, so it is discretionary. 30 00:01:30,920 --> 00:01:34,120 Speaker 1: It's not just a market cap threshold. But there had 31 00:01:34,160 --> 00:01:38,399 Speaker 1: been some excitement into micro Strategies, maybe a possibility of 32 00:01:38,480 --> 00:01:42,080 Speaker 1: joining the index. We're seeing shares drop two percent in 33 00:01:42,319 --> 00:01:45,399 Speaker 1: pre market trade. Now. The reason for this optimism was 34 00:01:45,400 --> 00:01:48,600 Speaker 1: the fact that Coinbase was allowed into the S and 35 00:01:48,600 --> 00:01:50,960 Speaker 1: P five hundred, and there was some skeptics. There was 36 00:01:50,960 --> 00:01:54,880 Speaker 1: some speculation that maybe smput Dow Jones would want to 37 00:01:54,880 --> 00:01:57,200 Speaker 1: beef out a crypto sector in the index, but that 38 00:01:57,240 --> 00:01:59,920 Speaker 1: did not come to fruition this time. So micro Strategy 39 00:02:00,080 --> 00:02:02,480 Speaker 1: feeling the disappointment of the snub, down two percent. 40 00:02:02,760 --> 00:02:06,080 Speaker 3: Okay, and how about Loan Depot So it rallied Friday 41 00:02:06,120 --> 00:02:08,400 Speaker 3: about twenty seven percent. What's the reason for it? 42 00:02:08,639 --> 00:02:11,440 Speaker 1: Yeah, this stock went crazy on Friday, up twenty seven percent. 43 00:02:11,480 --> 00:02:14,480 Speaker 1: It's up another ten percent in pre market trade. The 44 00:02:14,520 --> 00:02:18,160 Speaker 1: optimism around this comes from what Treasury Secretary Scott Bessent 45 00:02:18,720 --> 00:02:22,280 Speaker 1: said the Trump administration was looking into declaring a national 46 00:02:22,400 --> 00:02:26,160 Speaker 1: housing emergency this fall and somehow maybe giving us hints 47 00:02:26,160 --> 00:02:28,600 Speaker 1: that they wanted to use some extraordinary measures to help 48 00:02:28,639 --> 00:02:32,919 Speaker 1: the housing crisis. So we've seen mortgage servicing companies really 49 00:02:32,960 --> 00:02:35,720 Speaker 1: benefit recently. Loan Depot has been the star of that. 50 00:02:36,160 --> 00:02:40,000 Speaker 1: We've also seen likes of Rocket Mortgage as well. These companies, 51 00:02:40,200 --> 00:02:43,680 Speaker 1: you know, they sell residential mortgages, they also help with 52 00:02:43,800 --> 00:02:47,920 Speaker 1: non mortgage lending services, have been a main beneficiary of 53 00:02:48,000 --> 00:02:50,160 Speaker 1: this speculation. 54 00:02:49,680 --> 00:02:53,080 Speaker 4: Of emergency measures from the Trump administration. Okay, lastly, we 55 00:02:53,120 --> 00:02:55,200 Speaker 4: have Oracle. It was on the rise, I remember as 56 00:02:55,240 --> 00:02:56,960 Speaker 4: of last week. How's it looking this week so far? 57 00:02:57,000 --> 00:02:59,040 Speaker 4: In pre market it's on the rise again, up two 58 00:02:59,040 --> 00:02:59,840 Speaker 4: and a half percent. 59 00:03:00,000 --> 00:03:02,240 Speaker 1: I wanted to bring this up because they did get 60 00:03:02,280 --> 00:03:06,160 Speaker 1: an upgrade from the street. Barclays has raised its price 61 00:03:06,200 --> 00:03:09,920 Speaker 1: target overnight, but they are also the biggest company to 62 00:03:10,000 --> 00:03:13,480 Speaker 1: report earnings this week. They report after the bell on Tuesday. 63 00:03:13,520 --> 00:03:16,320 Speaker 1: Perhaps the best glimpse on the tech sector this week. 64 00:03:16,360 --> 00:03:20,000 Speaker 1: Oracle up two and a half percent in pre market trade. 65 00:03:20,760 --> 00:03:24,800 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 66 00:03:24,880 --> 00:03:27,440 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:27,520 --> 00:03:30,640 Speaker 2: making news on Wall Street and for the latest market 68 00:03:30,639 --> 00:03:35,120 Speaker 2: moving headlines. 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