WEBVTT - Closing Bell: Alaska Air Rises on Earnings, Intel Plunges, Apple Falls

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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 this 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 Stenoveeck Romain Bostik, and Katie Greifel.

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<v Speaker 3>Let's go to the S and P five hundred in

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<v Speaker 3>terms of the split winners and losers in the Friday trade,

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<v Speaker 3>and you did see. Let me bring it up. One

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<v Speaker 3>hundred and eighty three names in the S and P

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<v Speaker 3>five hundred actually gaining ground today, Katie, three hundred and

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<v Speaker 3>eighteen to the downside, and two unchanged.

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<v Speaker 4>Let's take a look at the sector breakdown as well,

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<v Speaker 4>a real mix here. In terms of what did well

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<v Speaker 4>at the top in terms of a percent game, you

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<v Speaker 4>had materials out performing higher by about nine tens of

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<v Speaker 4>percent as a sector. You can see Tech represented there

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<v Speaker 4>as well. Consumer discretionary did well. In terms of what

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<v Speaker 4>didn't perform on this Friday, your biggest loser was the

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<v Speaker 4>finals down by about one point three percent. Industrials to

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<v Speaker 4>sort of at the end of the pack here, Carol.

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<v Speaker 3>All right, let's get to some of the individual gainers,

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<v Speaker 3>if we may. On this Friday. Fortnete ticker FTNT top

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<v Speaker 3>of the S and P five hundred and NASDAQ one hundred.

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<v Speaker 3>That one up about five point two percent today's session,

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<v Speaker 3>as high as nine point five percent intra day, but

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<v Speaker 3>still some outperformance. They are rallying on heavy volume after

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<v Speaker 3>TD Cowen upgraded the security software company to buy from hold.

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<v Speaker 3>They said AI is not eating security software, but rather

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<v Speaker 3>augmenting it. Among some of the commentary, price targets set

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<v Speaker 3>to one hundred dollars, so we're looking at about a

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<v Speaker 3>twenty nine percent increase from the last price that you

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<v Speaker 3>can see the stock closing at about eighty one and change.

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<v Speaker 3>Let's move it on over to CSX as we know,

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<v Speaker 3>reporting its results and that one up about two point

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<v Speaker 3>three percent in today's session at its highs again was

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<v Speaker 3>up as much as five percent, so finishing off its

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<v Speaker 3>best levels of the session. The company gave twenty twenty

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<v Speaker 3>six guide, including low single digit revenue growth. Analysts though

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<v Speaker 3>on the company's results, saying that CSX still facing a

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<v Speaker 3>challenging environment amid tippit industrial activity. JP Morgan says the

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<v Speaker 3>forecast should be enough for the stock to recover from

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<v Speaker 3>some of the decline that we saw on Thursday. CSX

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<v Speaker 3>was down two percent in yesterday's trade, and then on

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<v Speaker 3>an airline Alaska Air again up almost seven percent at

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<v Speaker 3>its highs today, finishing those still with a gain above

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<v Speaker 3>four percent. It did beat Wall Street's expectations, reported strong

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<v Speaker 3>demand for premium and business flying, though it joined larger rivals,

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<v Speaker 3>and offering a more tepid outlook for twenty twenty six.

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<v Speaker 3>Airline execs offering a wider than usual profit range for

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<v Speaker 3>the year and telling Alyss that the carrier remains at

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<v Speaker 3>the mercy of volatile fuel prices and potential global shocks

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<v Speaker 3>after a whipsaw twenty twenty five. I feel like geopolitics

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<v Speaker 3>and concerns around the globe continue to creep their way

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<v Speaker 3>into commentary among the CEO community.

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<v Speaker 5>You got the gainers, I got the decliners. I want

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<v Speaker 5>to start with Intel. It's kind of yesterday's news, but

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<v Speaker 5>look at this. It was the most actively traded stock

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<v Speaker 5>by far today in US in the US on A

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<v Speaker 5>US exchanges, falling seventeen percent. Did plunge as much as

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<v Speaker 5>eighteen percent earlier in the session. Litbutan, the CEO, gave

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<v Speaker 5>this lackluster forecast, warning that the company was struggling with

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<v Speaker 5>manufacturing problems. We're single day going back to August of

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<v Speaker 5>twenty twenty four, still up twenty two percent so far

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<v Speaker 5>this year, up one hundred and twenty percent last year,

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<v Speaker 5>but low manufacturing yields years trying to restore its tech

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<v Speaker 5>edge recover from market share losses. It's a setback for

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<v Speaker 5>the US government too. It's trying to rebuild a vibrant

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<v Speaker 5>domestic semiconductor industry and has made into a cornerstone of

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<v Speaker 5>that strategy. Also, keep an eye on shares at Apple ahead

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<v Speaker 5>of earnings next week. Shares slipped slightly today, but more

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<v Speaker 5>so interested in what happened over this week. Down about

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<v Speaker 5>three percent this week, it's its eighth straight negative week,

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<v Speaker 5>longest stretch going back to May of twenty twenty two.

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<v Speaker 5>It's been down about twelve percent over the last eight weeks.

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<v Speaker 5>And should Apple ex it's losing streak next week to

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<v Speaker 5>a ninth week, this would be its longest streak going

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<v Speaker 5>back to July nineteen ninety three. That's according to data

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<v Speaker 5>compiled by Bloomberg. So we'll see what happens next.

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<v Speaker 1>What you're actually looking for out of those earnings, So, like,

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<v Speaker 1>I mean, what could even be the bull side catalyst.

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<v Speaker 5>We talked to Mark German about this. I mean, obviously

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<v Speaker 5>everything is about the iPhone still, but given all the

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<v Speaker 5>concern about Apple's AI strategy and what Mark has reported

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<v Speaker 5>this week, when it comes to that revamp, SERI he

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<v Speaker 5>wants to see, you know, action there.

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<v Speaker 1>Yeah, we'll see, We'll see.

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<v Speaker 5>And this is an interesting one. Syringe makers actually had

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<v Speaker 5>a pretty bad day.

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<v Speaker 1>I got my eye. I love these stuck of stories.

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<v Speaker 5>This is really cool.

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<v Speaker 1>I've been paying attention to this.

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<v Speaker 5>Becden Dixon BDX. West Pharmaceutical Service is WST. Beckton Dixon

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<v Speaker 5>down two percent. West Pharmaceuticals down four and a half percent.

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<v Speaker 5>They fell because analysts are so positive about the launch

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<v Speaker 5>of Novo Nordisk's oral we go Be medication. Check out

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<v Speaker 5>what JP Morgan analyst Robbie Marcus says. He says bullish

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<v Speaker 5>comments from Novo on the ramp of its oral we

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<v Speaker 5>gob pill has led to fears of cannibalization from the

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<v Speaker 5>traditional injectable market. So if people aren't injecting the medicine,

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<v Speaker 5>they're taking pills, that means fewer syringes and the stocks

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<v Speaker 5>take ahead.

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<v Speaker 3>It's just logical.

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<v Speaker 1>Yeah, Well, I was just fascinated. I mean, it's funny

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<v Speaker 1>sometimes you don't think about kind of these kind of

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<v Speaker 1>ancilliary beneficiaries of these rallies. You know, the idea, everyone's

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<v Speaker 1>on ozempic or whatever, I will go be whatever they

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<v Speaker 1>need the syringes, so that benefits the syringe makers. And

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<v Speaker 1>if they all switch the pills, then what won't someone

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<v Speaker 1>think of Becton Dickinson. Let's go to the yield space,

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<v Speaker 1>because honestly, not a whole lot happened today. And this

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<v Speaker 1>actually gets to something Katie and I were just talking

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<v Speaker 1>about a little bit earlier on the close, the idea

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<v Speaker 1>that if you just woke up today and kind of

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<v Speaker 1>looked at some of these markets, you wouldn't think that

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<v Speaker 1>a whole lot actually happened this week. But of course

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<v Speaker 1>we had one of the biggest spikes in bond volatility

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<v Speaker 1>to start the week. It settled down pretty significantly yesterday

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<v Speaker 1>and subdued today. Here modest and I mean really really

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<v Speaker 1>modest declines today unyields across the space. Of course, that

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<v Speaker 1>could change in a big way with some key economic

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<v Speaker 1>data next week. A FED meeting on Wednesday, and as

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<v Speaker 1>Carol Master believes, a potential FED announcement out of the president.

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<v Speaker 3>Yeah, now that's kind of where you're coming from. We'll

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<v Speaker 3>see what we get. What we get because we've been

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<v Speaker 3>promised that announcement, but eventually he's got to come and

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<v Speaker 3>do that.

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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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