1 00:00:02,480 --> 00:00:09,879 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:10,039 --> 00:00:13,520 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,760 --> 00:00:16,680 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greyfell. 5 00:00:22,640 --> 00:00:25,119 Speaker 3: Okay, so the highest interday, No, actually the highest I 6 00:00:25,120 --> 00:00:28,320 Speaker 3: think at the close here in about four years, as 7 00:00:28,320 --> 00:00:30,560 Speaker 3: I mentioned, a top gainer in the major averages. So 8 00:00:30,640 --> 00:00:33,240 Speaker 3: this one, you know, for such a long time, couldn't 9 00:00:33,320 --> 00:00:36,479 Speaker 3: kind of do anything right. We've seen quite a bump up. 10 00:00:36,600 --> 00:00:37,120 Speaker 4: Check us out. 11 00:00:37,120 --> 00:00:39,720 Speaker 3: It is up I think about forty four percent year 12 00:00:39,800 --> 00:00:42,919 Speaker 3: to date, year to date, what is it, January twenty first, 13 00:00:42,960 --> 00:00:45,880 Speaker 3: So that's pretty remarkable. Gained eighty four percent last year. 14 00:00:45,920 --> 00:00:49,839 Speaker 3: The company is going to deliver quarterly results Thursday, so 15 00:00:49,880 --> 00:00:51,440 Speaker 3: we'll see whether or not it comes through. It's just 16 00:00:51,479 --> 00:00:54,120 Speaker 3: been on a tear so I had two point eight out. 17 00:00:54,720 --> 00:00:56,880 Speaker 1: Forty seven percent year to date, and even if you 18 00:00:56,960 --> 00:00:59,240 Speaker 1: go back out to November or something, I mean, you know, 19 00:00:59,240 --> 00:01:01,120 Speaker 1: they were talking about it sixty seven percent round. But 20 00:01:01,120 --> 00:01:03,880 Speaker 1: that's a setup into earnings tomorrow. So it raises the 21 00:01:03,920 --> 00:01:06,000 Speaker 1: question of like, what do they have to report tomorrow? 22 00:01:06,120 --> 00:01:09,080 Speaker 1: That's actually going to help maintain these gains. Otherwise there's 23 00:01:09,120 --> 00:01:10,280 Speaker 1: gonna be a lot of people disappointed. 24 00:01:10,360 --> 00:01:11,800 Speaker 3: And I do feel like that might be the story 25 00:01:11,800 --> 00:01:13,480 Speaker 3: amongst some of these companies that have been on a 26 00:01:13,520 --> 00:01:15,039 Speaker 3: tear right. I think we saw a little bit of 27 00:01:15,040 --> 00:01:18,479 Speaker 3: that with even the banks price per perfection and then 28 00:01:18,520 --> 00:01:21,200 Speaker 3: some Hey Maderner top in the s and P five hundred. 29 00:01:21,200 --> 00:01:23,320 Speaker 3: Bernstein raised the target on the company to thirty five 30 00:01:23,319 --> 00:01:26,320 Speaker 3: from twenty five. Maintain their market perform rating. 31 00:01:26,360 --> 00:01:27,280 Speaker 4: This too one. 32 00:01:27,319 --> 00:01:29,679 Speaker 3: This stock is up more than sixty percent year to date, 33 00:01:29,760 --> 00:01:32,319 Speaker 3: highest and more than a year. You might recall yesterday 34 00:01:32,360 --> 00:01:35,720 Speaker 3: that the company's a personalized cancer treatment developed by Moderna 35 00:01:35,920 --> 00:01:38,479 Speaker 3: and merk help prevent the recurrence of high risk skin 36 00:01:38,560 --> 00:01:40,600 Speaker 3: cancer to five years. Some new data at that. So 37 00:01:40,840 --> 00:01:41,800 Speaker 3: we're keeping an eye. 38 00:01:41,600 --> 00:01:44,080 Speaker 4: On this one. That's where your son's creaming people. Okay, 39 00:01:44,360 --> 00:01:45,000 Speaker 4: thank you very much. 40 00:01:45,000 --> 00:01:47,600 Speaker 3: Important, you're welcome, You're you know, just you're singing. You're 41 00:01:47,640 --> 00:01:48,800 Speaker 3: full of helpful tips. 42 00:01:49,160 --> 00:01:51,800 Speaker 4: And this one I had a cream soda before. 43 00:01:52,640 --> 00:01:54,760 Speaker 3: Well you know what goes good with a cream soda? Yeah, 44 00:01:54,800 --> 00:01:57,880 Speaker 3: and Nathan's famous hot dogs unless yes, yes, this one 45 00:01:58,440 --> 00:02:01,040 Speaker 3: rallying up about eight point seven set in today's trade. 46 00:02:01,280 --> 00:02:04,120 Speaker 3: Smithfield Foods that it would acquire Nathan's Famous and a 47 00:02:04,160 --> 00:02:07,120 Speaker 3: deal valued at about four hundred and fifty million, securing the 48 00:02:07,160 --> 00:02:09,919 Speaker 3: rights to a key product and it's business's largest segment. 49 00:02:09,960 --> 00:02:13,200 Speaker 4: They had an exclusive license. So this goes out. But 50 00:02:13,240 --> 00:02:16,440 Speaker 4: what's interesting and fifty million? Yeah? Hot dogs? 51 00:02:16,480 --> 00:02:17,280 Speaker 3: A lot of hot dogs. 52 00:02:17,960 --> 00:02:19,200 Speaker 5: Wait, what's interesting? I want to know this? 53 00:02:19,280 --> 00:02:22,040 Speaker 3: So it's connecting this New York icon. My husband loves 54 00:02:22,120 --> 00:02:24,480 Speaker 3: Nathan's Famous. The fries are really good to a company 55 00:02:24,520 --> 00:02:27,480 Speaker 3: whose Chinese ownership has previously caught the attention of the 56 00:02:27,480 --> 00:02:32,080 Speaker 3: Trump administration. So Smithfield based in Virginia. Its largest shareholder 57 00:02:32,160 --> 00:02:34,720 Speaker 3: is Hong Kong Meat processor wh Group Limited. 58 00:02:34,840 --> 00:02:36,360 Speaker 4: All right, I should go over well. 59 00:02:36,440 --> 00:02:38,119 Speaker 5: I was so close to asking Carol if I could 60 00:02:38,120 --> 00:02:39,960 Speaker 5: do the Gainers today, just so I could do the Navy. 61 00:02:39,960 --> 00:02:41,359 Speaker 5: He's like, hey, hey, you got I was like, you 62 00:02:41,400 --> 00:02:41,679 Speaker 5: got to do? 63 00:02:41,800 --> 00:02:42,360 Speaker 3: Can I do this one? 64 00:02:42,480 --> 00:02:42,600 Speaker 5: Him? 65 00:02:42,600 --> 00:02:43,680 Speaker 1: Do you like hot dogs? 66 00:02:43,919 --> 00:02:44,200 Speaker 4: I like? 67 00:02:44,360 --> 00:02:48,200 Speaker 5: I like talking about that. Nathan's is a probably publicly 68 00:02:48,200 --> 00:02:48,960 Speaker 5: traded company. 69 00:02:49,040 --> 00:02:50,160 Speaker 3: You don't need hot dogs, do you? 70 00:02:50,960 --> 00:02:53,600 Speaker 4: I do not partake. I didn't think. 71 00:02:53,639 --> 00:02:55,880 Speaker 5: So okay, let's talk a little bit about stocks that 72 00:02:55,919 --> 00:02:58,720 Speaker 5: move lower today. I want to start with Netflix shares 73 00:02:58,760 --> 00:03:01,679 Speaker 5: fell earlier in the session and higher the film rather 74 00:03:01,760 --> 00:03:03,480 Speaker 5: more than two point one eight percent, But with all 75 00:03:03,480 --> 00:03:07,080 Speaker 5: this buying, even Netflix got some buying late in the session. 76 00:03:07,440 --> 00:03:09,600 Speaker 5: This after the company gave a disappointing forecast for earnings 77 00:03:09,639 --> 00:03:12,280 Speaker 5: due to increased spending on programming. It's deal for Warner 78 00:03:12,280 --> 00:03:15,400 Speaker 5: Brothers Discovery. Netflix plans to increase spending on films and 79 00:03:15,400 --> 00:03:18,519 Speaker 5: TV shows by ten percent, and it secured streaming rights 80 00:03:18,639 --> 00:03:21,280 Speaker 5: to movies from Universal and Sony. 81 00:03:21,320 --> 00:03:21,800 Speaker 4: Once again. 82 00:03:22,200 --> 00:03:24,320 Speaker 5: Shares finished pretty much at their highs of the session, 83 00:03:24,560 --> 00:03:28,200 Speaker 5: but still down two point two percent. Also, Craft Heinz 84 00:03:28,280 --> 00:03:32,360 Speaker 5: company Berkshire Hathaway looking to sell it's twenty eight percent 85 00:03:32,360 --> 00:03:34,200 Speaker 5: stake in craft hins. It's the final step in a 86 00:03:34,240 --> 00:03:37,960 Speaker 5: separation months in the making. Yeah, Shares of craft Higns 87 00:03:38,160 --> 00:03:41,240 Speaker 5: down five point seven two percent as a result of that. 88 00:03:41,280 --> 00:03:43,320 Speaker 5: The move to exit craft Higns comes just twenty one 89 00:03:43,360 --> 00:03:46,920 Speaker 5: days to Greg Abel's tenure at the top of Berkshire Hathaway. 90 00:03:46,960 --> 00:03:51,280 Speaker 5: It follows a decade long underperformance by the company and 91 00:03:51,320 --> 00:03:55,040 Speaker 5: finally a T one Energy manufact T one Energy shares 92 00:03:55,080 --> 00:03:57,960 Speaker 5: took a hit today, down two point rather five point 93 00:03:58,280 --> 00:04:02,600 Speaker 5: six percent today. It's a small cap at manufacture solar equipment, 94 00:04:02,640 --> 00:04:06,119 Speaker 5: solar module, seals, panels, built solar and battery storage fell 95 00:04:06,120 --> 00:04:08,400 Speaker 5: as much as fifteen percent earlier in the session, this 96 00:04:08,480 --> 00:04:11,000 Speaker 5: after Colper said at short the solar equipment maker Yeah, 97 00:04:11,080 --> 00:04:13,240 Speaker 5: in a post on x shares paired their declines though 98 00:04:13,320 --> 00:04:14,880 Speaker 5: to fault just five point six percent. 99 00:04:14,920 --> 00:04:16,880 Speaker 1: And I'll just add a quick honorable mention to keep 100 00:04:16,880 --> 00:04:19,159 Speaker 1: an eye on solo software stocks, which you continue to 101 00:04:19,160 --> 00:04:22,400 Speaker 1: be under pressure. Microsoft Salesforce down, Software as a services 102 00:04:22,400 --> 00:04:24,920 Speaker 1: app Love and down for a fifth straight day. Meanwhile, 103 00:04:24,960 --> 00:04:27,599 Speaker 1: we did see a site drop in yields on the day, 104 00:04:27,640 --> 00:04:29,680 Speaker 1: trying to recoup some of the moves that we saw 105 00:04:29,720 --> 00:04:32,760 Speaker 1: from yesterday of basically about four basis points on the 106 00:04:32,760 --> 00:04:34,799 Speaker 1: longer end of the curve shorter end of the curve. 107 00:04:35,040 --> 00:04:37,080 Speaker 4: Basically not a whole lot happening there. 108 00:04:38,640 --> 00:04:42,640 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 109 00:04:42,720 --> 00:04:45,320 Speaker 2: us throughout the day for the latest roundup of companies 110 00:04:45,360 --> 00:04:48,480 Speaker 2: making news on Wall Street and for the latest market 111 00:04:48,520 --> 00:04:53,000 Speaker 2: moving headlines. 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