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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on the stock movers 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 Stenoveek, Romain, Bostik, and Scarlet.

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Speaker 3: Food to the s and P five hundred once again

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Speaker 3: to the split there two hundred and fifty names, guys,

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Speaker 3: to the upside, Scarlett two hundred and forty one to

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Speaker 3: the downside, three unchanged.

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Speaker 4: All right, let's take a look at the IMAP, and

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Speaker 4: clearly it's very lopsided because the biggest sectors are communication services,

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Speaker 4: tech and consumer discretionary, and they are the biggest gainers

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Speaker 4: as well. Communication services formerly the telecom group up four

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Speaker 4: percent as a group, pretty incredible, Tech up two and

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Speaker 4: a half percent. Consumer Discretionary which includes Amazon retailers, homebuilders,

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Speaker 4: and carmakers, that group is up one point eight percent.

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Speaker 4: The only decliners are two of the smallest sectors, energy

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Speaker 4: and consumer stables.

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Speaker 5: All right, guys, let me get to some of the

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Speaker 5: individual gainers. I mentioned.

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Speaker 3: Semiconductors definitely on a tear today. They were up the

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Speaker 3: socks up about four point six percent today session. And

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Speaker 3: then I would just want to highlight a couple of names,

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Speaker 3: because you did see a bunch of semi names atop

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Speaker 3: the S and P five hundred, and I think also

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Speaker 3: the Nasdaq one hundred. In fact, Broadcom is your number

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Speaker 3: one gainer in both the S and P and the NASDAC. Guys,

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Speaker 3: it is up eleven percent in today's session. Take a

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Speaker 3: look at Micron, also top gainer in the S and

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Speaker 3: P five hundred. That's good for a gain of about

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Speaker 3: eight percent. It too is a top gainer in the

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Speaker 3: Nasdaq one hundred. Couple things going on. You had Micron

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Speaker 3: price target raised to three thirty eight from three to

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Speaker 3: twenty five. Over At Morgan Stanley has an overweight on

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Speaker 3: the shar's Memory stocks have sold off lately due to

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Speaker 3: concerns about higher cap capital spending on the view that

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Speaker 3: shortages may be easy, but neither impacts the firm's view,

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Speaker 3: according to the analyst, one other thing, I just want

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Speaker 3: to mention h blah blah blah HSBC on Broadcom, specifically

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Speaker 3: just pointing out the company's work with Google to develop

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Speaker 3: TPUs or tensor processing units for more than a decade.

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Speaker 3: So HSBC adjusting its price target on the shares to

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Speaker 3: five thirty five from four hundred and maintaining a buy rating.

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Speaker 5: So I mean just the semiconductors on fire.

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Speaker 3: Speaking of being on fire, alphabet, I believe this one

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Speaker 3: finished at another record in today's session. It was up

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Speaker 3: about six point three percent. It is up nearly seventy

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Speaker 3: percent year today, so easily outpacing the other mag seven brethren,

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Speaker 3: if you will, been on a tear. We talked last

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Speaker 3: week about glowing reviews for its newly released.

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Speaker 5: Gemini AI model.

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Speaker 3: And then, just to throw in something non tech, EW

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Speaker 3: Scripts up about seven and a half percent. Sinclair, one

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Speaker 3: of the largest USTv broadcasters, offering to acquire ew Scripts

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Speaker 3: for seven dollars a share in cash and stock marking

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Speaker 3: another proposed consolidation of station owners. By the way, that

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Speaker 3: share price offers seventy percent premium over Scripts clothes on

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Speaker 3: November twenty first, So a lot of Apper four armers

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Speaker 3: two at choose.

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Speaker 1: Yeah, easy job finding the out performers today. I want

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Speaker 1: to start with some of the underperformers. Novo nordis down

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Speaker 1: five point six percent. These are ADRs traded here in

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Speaker 1: the US, and at one point they fell at the

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Speaker 1: lowest level in more than four years. The company did

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Speaker 1: say that a pill version, novosampic, failed to slow the

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Speaker 1: progression of Alzheimer's disease in two late stage studies. We

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Speaker 1: spoke to Madison Muller on our program a little earlier.

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Speaker 1: She's been covering the industry for years, and the question

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Speaker 1: that she said is, Okay, what does Novo Nordisk end

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Speaker 1: up deciding to do. Do they still pursue Alzheimer's as

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Speaker 1: a potential area for this drug, or do they not

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Speaker 1: do another study and kind of abandon it altogether. Also,

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Speaker 1: shares of Copart among the worst performers in the S

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Speaker 1: and P five hundred, down four and a half percent.

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Speaker 1: This is the online vehicle salvage auction company. Shares today

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Speaker 1: touching the loess since twenty twenty three. JP Morgan analyst J.

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Speaker 1: Josh Potswell lowered the price target on the company to

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Speaker 1: forty five dollars from fifty dollars and finally, Performance Food

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Speaker 1: Group down two point three percent. Shares fell as much

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Speaker 1: as five percent earlier in the session, this after US

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Speaker 1: Food said it's no longer pursuing a combination with the company.

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Speaker 1: US Food shares a rose on the news.

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Speaker 6: All right, let's take a look at what the bond

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Speaker 6: market did today. Pretty quiet overall, though you did see

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Speaker 6: a bit of a rally develop here, especially when it

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Speaker 6: comes to further out the curve. You take a look

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Speaker 6: at the ten year treasure yield down about three basis points,

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Speaker 6: we are still above four percent. A little bit more

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Speaker 6: when it comes to the thirty year yield down about

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Speaker 6: you can round that to about four basis points or so. Overall,

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Speaker 6: it does feel like when the ten year yield where

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Speaker 6: it stands here to date, it just can't reliably break

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Speaker 6: below four percent.

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Speaker 5: I wonder what that very much rangebond? Yeah, indeed on

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Speaker 5: to it. Yeah, maybe they're just waiting for that FED meeting.

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Speaker 3: I was thinking about Mary Daly, you know, another one

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Speaker 3: coming out saying she thinks, you know, we could get

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Speaker 3: or she supports lowering interest rates come December. I kind

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Speaker 3: of I'm trying to keep check of all of the

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Speaker 3: FED speakers and whether or not we're seeing more momentum

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Speaker 3: when it comes to folks supporting another rate cut.

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Speaker 1: Well, I guess the question is where's the data that

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Speaker 1: they're looking at? What is the data that they have

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Speaker 1: that I was telling them, Okay, there are concerns about

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Speaker 1: the labor market. We certainly have the alternative data, but

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Speaker 1: we missed some data when it came to the closure.

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Speaker 1: So you know, the question is what's the FED going

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Speaker 1: to Is the FED going to be comfortable with the

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Speaker 1: data that it has to make a decision on December tenth.

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Speaker 6: Well, soon we'll be in the blackout period and we

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Speaker 6: won't have any FED speaking. We'll just have to wait

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Speaker 6: for the decision itself. But just quickly here, we are

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Speaker 6: getting some earnings this coming out of Zoom. Third quarter

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Speaker 6: adjusted EPs coming in at a dollar and fifty two cents.

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Speaker 6: That is better than the estimate for a dollar and

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Speaker 6: forty four cents. In terms of the look ahead, they

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Speaker 6: see fourth quarter revenue at one point two three billion

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Speaker 6: dollars to one point two four billion dollars. The estimate

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Speaker 6: had been for one point two to three billion dollars,

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Speaker 6: so the midpoint of that range just slightly above the estimate.

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Speaker 6: You can see the Zoom shares higher by just about

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Speaker 6: two percent in the after hours trade down the.

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Speaker 2: Stock mover's report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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