WEBVTT - Closing Bell: Qualcomm Soars, Dell Rises, BJ Drops

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is the closing bell on the stock movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>All Right, so a lot of green on the screen there.

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<v Speaker 3>You can see that in that imap, and so I

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<v Speaker 3>had a lot to choose from. I'm going to go though,

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<v Speaker 3>first to the number one gainer in the Nasdaq one

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<v Speaker 3>hundred that was Qualcom today and as we bring up

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<v Speaker 3>the trade for you can see that stock was up

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<v Speaker 3>about almost twelve percent here in today's session. We did

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<v Speaker 3>get some news I think yesterday I think you guys

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<v Speaker 3>covered it about Stilantis and Qualcom expanding their multi year

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<v Speaker 3>collaboration to integrate this particular chassis system on chips. It's

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<v Speaker 3>called Snapdragon. Their Snapdragon digital chassis system across next generation

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<v Speaker 3>stillants vehicles for cockpit connectivity and advanced driver system systems

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<v Speaker 3>in a non binding agree. We talked to the head

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<v Speaker 3>of robotics, a IoT over at Qualcomm. I mean, this

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<v Speaker 3>is a pretty big deal for them, and they kind

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<v Speaker 3>of see this trend in terms of AI in cars

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<v Speaker 3>whether it's in their systems in terms of how it operates,

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<v Speaker 3>or just our ability to kind of almost have our

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<v Speaker 3>phone basically in the car. That that's going to kind

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<v Speaker 3>of broaden out to the auto sector and be an

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<v Speaker 3>important revenue generator or continue to be and grow for them.

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<v Speaker 3>So interesting to see in Qualcomm, definitely an outperformer. Going

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<v Speaker 3>over to the number one performer in the S and

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<v Speaker 3>P five hundred, that is Dell Technologies, we saw a

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<v Speaker 3>tech hardware and server companies like Dell rallying today. Dell

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<v Speaker 3>of course making computers and servers. Extending that recent game

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<v Speaker 3>that has taken this stock to another record. The stock

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<v Speaker 3>up almost seventeen percent. It's up about one hundred and

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<v Speaker 3>thirty five percent year to date, so it has had

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<v Speaker 3>quite a significant bounce back. I want to quickly mention

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<v Speaker 3>the quantum computing companies again continuing to rally day two

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<v Speaker 3>of that rally. Yeah, the news yesterday from the US

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<v Speaker 3>Commerce Department confirming you plan to award grants to nearly

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<v Speaker 3>a dozen companies to foster the development of the domestic

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<v Speaker 3>quantum industry. So you've got go through the names, do

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<v Speaker 3>you waive? Quantum up about fourteen percent you've got Rerighetti

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<v Speaker 3>Computing that went up almost twenty percent. You've got ion

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<v Speaker 3>Q again about eight percent. And you look at the ETF,

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<v Speaker 3>Wisdom Tree, Quantum Computing ETF. Thank you, Tim for giving

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<v Speaker 3>me that name up about five percent.

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<v Speaker 1>I was giving you hold on, I was giving you

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<v Speaker 1>that name so you wouldn't have to do all the

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<v Speaker 1>other ones, Carol. And there was so much, so much.

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<v Speaker 3>Ex wait, go back to the IMAP. There was so

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<v Speaker 3>much there, and I got to mention IMAX. I'm just

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<v Speaker 3>going to go there. I was out a couple of days.

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<v Speaker 3>I feel like I can do this. iMac sharre soaring

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<v Speaker 3>more than fifteen percent. Wall Street Journal reporting that the

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<v Speaker 3>company is exploring as sales approached some entertainment companies as

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<v Speaker 3>potential buyers. It's in early stages, may not result in

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<v Speaker 3>a deal.

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<v Speaker 1>Thanks Carol, I love it it. Sorry, Okay, let's talk

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<v Speaker 1>about some notable.

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<v Speaker 3>Dec You have to not illustrate all of those dramatic increases.

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<v Speaker 1>You're right, you told the story in a much better

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<v Speaker 1>way through this nice job. I want to start with.

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<v Speaker 1>Uber shares fell today by two point four percent, this

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<v Speaker 1>after Bloomberg Reporter that it's exploring options for a full

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<v Speaker 1>takeover of delivery Hero to better compete with door Dash.

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<v Speaker 1>This is specifically outside of the United States. Delivery Hero

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<v Speaker 1>is based in Frankfurt, but ADRs of Delivery Hero were

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<v Speaker 1>up today by more than five percent. Uber has boosted

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<v Speaker 1>at stake in Delivery Hero. It's working with advisors to

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<v Speaker 1>study ways to increase its holding further, and has been

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<v Speaker 1>speaking to other investors about its interest in the deal. Still,

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<v Speaker 1>anti trust approval might be needed before crossing certain ownership thresholds.

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<v Speaker 1>Deliberations are ongrowing ongoing no certainty as of now. Also,

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<v Speaker 1>just a check of retail. BJ's wholesale shares fell earlier

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<v Speaker 1>in the session but recovered a just ever so slightly

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<v Speaker 1>down today, finished the day eight point three percent. This

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<v Speaker 1>after the company commented on a conference call about the

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<v Speaker 1>health of its consumer, saying that the K shaped economy

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<v Speaker 1>the curve is quote obviously a real thing and overall

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<v Speaker 1>BJS has seen a real resilient consumer, but the only

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<v Speaker 1>real growth is coming from the affluent consumers. There is

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<v Speaker 1>quote considerable pressure management said on the lower income consumers

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<v Speaker 1>and the middle income consumers are trading sideways a bit.

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<v Speaker 1>BJ's also said consumer pressure signs at the gas pumps

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<v Speaker 1>as well, so they're seeing modest shifts and behavior, with

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<v Speaker 1>average gallons per fill up slightly lower.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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