Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: This is the closing bell on this stock movers report,
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveeck Romain Bostik, and Katie Greifel.
Speaker 3: Let's go to the S and P five hundred in
Speaker 3: terms of the split winners and losers in the Friday trade,
Speaker 3: and you did see. Let me bring it up. One
Speaker 3: hundred and eighty three names in the S and P
Speaker 3: five hundred actually gaining ground today, Katie, three hundred and
Speaker 3: eighteen to the downside, and two unchanged.
Speaker 4: Let's take a look at the sector breakdown as well,
Speaker 4: a real mix here. In terms of what did well
Speaker 4: at the top in terms of a percent game, you
Speaker 4: had materials out performing higher by about nine tens of
Speaker 4: percent as a sector. You can see Tech represented there
Speaker 4: as well. Consumer discretionary did well. In terms of what
Speaker 4: didn't perform on this Friday, your biggest loser was the
Speaker 4: finals down by about one point three percent. Industrials to
Speaker 4: sort of at the end of the pack here, Carol.
Speaker 3: All right, let's get to some of the individual gainers,
Speaker 3: if we may. On this Friday. Fortnete ticker FTNT top
Speaker 3: of the S and P five hundred and NASDAQ one hundred.
Speaker 3: That one up about five point two percent today's session,
Speaker 3: as high as nine point five percent intra day, but
Speaker 3: still some outperformance. They are rallying on heavy volume after
Speaker 3: TD Cowen upgraded the security software company to buy from hold.
Speaker 3: They said AI is not eating security software, but rather
Speaker 3: augmenting it. Among some of the commentary, price targets set
Speaker 3: to one hundred dollars, so we're looking at about a
Speaker 3: twenty nine percent increase from the last price that you
Speaker 3: can see the stock closing at about eighty one and change.
Speaker 3: Let's move it on over to CSX as we know,
Speaker 3: reporting its results and that one up about two point
Speaker 3: three percent in today's session at its highs again was
Speaker 3: up as much as five percent, so finishing off its
Speaker 3: best levels of the session. The company gave twenty twenty
Speaker 3: six guide, including low single digit revenue growth. Analysts though
Speaker 3: on the company's results, saying that CSX still facing a
Speaker 3: challenging environment amid tippit industrial activity. JP Morgan says the
Speaker 3: forecast should be enough for the stock to recover from
Speaker 3: some of the decline that we saw on Thursday. CSX
Speaker 3: was down two percent in yesterday's trade, and then on
Speaker 3: an airline Alaska Air again up almost seven percent at
Speaker 3: its highs today, finishing those still with a gain above
Speaker 3: four percent. It did beat Wall Street's expectations, reported strong
Speaker 3: demand for premium and business flying, though it joined larger rivals,
Speaker 3: and offering a more tepid outlook for twenty twenty six.
Speaker 3: Airline execs offering a wider than usual profit range for
Speaker 3: the year and telling Alyss that the carrier remains at
Speaker 3: the mercy of volatile fuel prices and potential global shocks
Speaker 3: after a whipsaw twenty twenty five. I feel like geopolitics
Speaker 3: and concerns around the globe continue to creep their way
Speaker 3: into commentary among the CEO community.
Speaker 5: You got the gainers, I got the decliners. I want
Speaker 5: to start with Intel. It's kind of yesterday's news, but
Speaker 5: look at this. It was the most actively traded stock
Speaker 5: by far today in US in the US on A
Speaker 5: US exchanges, falling seventeen percent. Did plunge as much as
Speaker 5: eighteen percent earlier in the session. Litbutan, the CEO, gave
Speaker 5: this lackluster forecast, warning that the company was struggling with
Speaker 5: manufacturing problems. We're single day going back to August of
Speaker 5: twenty twenty four, still up twenty two percent so far
Speaker 5: this year, up one hundred and twenty percent last year,
Speaker 5: but low manufacturing yields years trying to restore its tech
Speaker 5: edge recover from market share losses. It's a setback for
Speaker 5: the US government too. It's trying to rebuild a vibrant
Speaker 5: domestic semiconductor industry and has made into a cornerstone of
Speaker 5: that strategy. Also, keep an eye on shares at Apple ahead
Speaker 5: of earnings next week. Shares slipped slightly today, but more
Speaker 5: so interested in what happened over this week. Down about
Speaker 5: three percent this week, it's its eighth straight negative week,
Speaker 5: longest stretch going back to May of twenty twenty two.
Speaker 5: It's been down about twelve percent over the last eight weeks.
Speaker 5: And should Apple ex it's losing streak next week to
Speaker 5: a ninth week, this would be its longest streak going
Speaker 5: back to July nineteen ninety three. That's according to data
Speaker 5: compiled by Bloomberg. So we'll see what happens next.
Speaker 1: What you're actually looking for out of those earnings, So, like,
Speaker 1: I mean, what could even be the bull side catalyst.
Speaker 5: We talked to Mark German about this. I mean, obviously
Speaker 5: everything is about the iPhone still, but given all the
Speaker 5: concern about Apple's AI strategy and what Mark has reported
Speaker 5: this week, when it comes to that revamp, SERI he
Speaker 5: wants to see, you know, action there.
Speaker 1: Yeah, we'll see, We'll see.
Speaker 5: And this is an interesting one. Syringe makers actually had
Speaker 5: a pretty bad day.
Speaker 1: I got my eye. I love these stuck of stories.
Speaker 5: This is really cool.
Speaker 1: I've been paying attention to this.
Speaker 5: Becden Dixon BDX. West Pharmaceutical Service is WST. Beckton Dixon
Speaker 5: down two percent. West Pharmaceuticals down four and a half percent.
Speaker 5: They fell because analysts are so positive about the launch
Speaker 5: of Novo Nordisk's oral we go Be medication. Check out
Speaker 5: what JP Morgan analyst Robbie Marcus says. He says bullish
Speaker 5: comments from Novo on the ramp of its oral we
Speaker 5: gob pill has led to fears of cannibalization from the
Speaker 5: traditional injectable market. So if people aren't injecting the medicine,
Speaker 5: they're taking pills, that means fewer syringes and the stocks
Speaker 5: take ahead.
Speaker 3: It's just logical.
Speaker 1: Yeah, Well, I was just fascinated. I mean, it's funny
Speaker 1: sometimes you don't think about kind of these kind of
Speaker 1: ancilliary beneficiaries of these rallies. You know, the idea, everyone's
Speaker 1: on ozempic or whatever, I will go be whatever they
Speaker 1: need the syringes, so that benefits the syringe makers. And
Speaker 1: if they all switch the pills, then what won't someone
Speaker 1: think of Becton Dickinson. Let's go to the yield space,
Speaker 1: because honestly, not a whole lot happened today. And this
Speaker 1: actually gets to something Katie and I were just talking
Speaker 1: about a little bit earlier on the close, the idea
Speaker 1: that if you just woke up today and kind of
Speaker 1: looked at some of these markets, you wouldn't think that
Speaker 1: a whole lot actually happened this week. But of course
Speaker 1: we had one of the biggest spikes in bond volatility
Speaker 1: to start the week. It settled down pretty significantly yesterday
Speaker 1: and subdued today. Here modest and I mean really really
Speaker 1: modest declines today unyields across the space. Of course, that
Speaker 1: could change in a big way with some key economic
Speaker 1: data next week. A FED meeting on Wednesday, and as
Speaker 1: Carol Master believes, a potential FED announcement out of the president.
Speaker 3: Yeah, now that's kind of where you're coming from. We'll
Speaker 3: see what we get. What we get because we've been
Speaker 3: promised that announcement, but eventually he's got to come and
Speaker 3: do that.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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