WEBVTT - Vita Coco Rises, Dell and Nvidia Fall

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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 Stenebeck, Romain Bostik, and Scarlett Foo.

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<v Speaker 3>All right, Katie, so you mentioned alphabet, so let's start there,

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<v Speaker 3>because folks, that is your number one gainer in both

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

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<v Speaker 3>On this Monday, stock was up as much as six

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<v Speaker 3>point three percent intra day, so we did see an

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<v Speaker 3>intra day high closing though with about a three percent gain.

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<v Speaker 3>As Katie mentioned, we got news over the weekend Warren

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<v Speaker 3>Buffetts Berkshire Hathaway disclosing a stake in the company in

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<v Speaker 3>what was seen as a sign of confidence in its prospects.

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<v Speaker 3>The steak as of the Friday close was worth about

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<v Speaker 3>four point nine billion dollars, so that was certainly an

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<v Speaker 3>now performer today. I want to mention two names. We're

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<v Speaker 3>going to bring them up on the boards for you.

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<v Speaker 3>This was also a top gainer in the S and

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<v Speaker 3>P five hundred. Throughout the day, the news was lithium

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<v Speaker 3>prices and shares and producers of the metal surge today

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<v Speaker 3>after one of China's major suppliers delivered a bullish forecast

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<v Speaker 3>for the battery material that had been languishing in a

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<v Speaker 3>global glut. So shares in major producers, including SQM and

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<v Speaker 3>Albemarle were both hire. Albamarle up about two point two

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<v Speaker 3>percent here in today's session and SQM up about nine

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<v Speaker 3>percent in today's session. So some outperformance there. And then

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<v Speaker 3>just one more, just kind of something different. Vita Cocoa.

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<v Speaker 3>That one hitting a record today. It's up about twenty

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<v Speaker 3>seven percent year to date, heavy volume. B of A

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<v Speaker 3>coming out upgrading its recommendation on the coconut water company

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<v Speaker 3>to buy from Neutool, raising its price target to fifty

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<v Speaker 3>four from forty eight. That after President Trump issued an

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<v Speaker 3>order on Friday reducing tariffs and hundreds of food products

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<v Speaker 3>we know that can't be produced in the United States

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<v Speaker 3>in sufficient quantity to meet domestic demand, the company issued

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<v Speaker 3>a statement this morning saying that under that executive order,

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<v Speaker 3>it believes that it's coconut water products will exempt from

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<v Speaker 3>reciprocal tariffs as of November thirteenth, And so, yeah, investors

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<v Speaker 3>kind of.

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<v Speaker 1>Like in that one.

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<v Speaker 4>I don't know remain strikes me as like a harmless

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<v Speaker 4>harvest sort of coconut water. Guy, I love coconut water.

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<v Speaker 2>Yeah, I was.

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<v Speaker 4>I was an og on the copy you were back

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<v Speaker 4>in the day.

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<v Speaker 3>Yeah you're still.

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<v Speaker 1>Yeah, it is the best way to hydrate.

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<v Speaker 4>I am a fanmant are you?

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<v Speaker 3>Oh yeah? I never see you drinking it.

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<v Speaker 1>Wow, she just called you.

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<v Speaker 4>Out there, and we do spend a lot of time together.

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<v Speaker 3>I know what he drinks water.

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<v Speaker 4>Hey, let's talk to about some of the decliners. I

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<v Speaker 4>want to start with the worst performer in the S

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<v Speaker 4>and P five hundred today, Dell down about eight point

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<v Speaker 4>four percent, worst performer on a percentage basis in the

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<v Speaker 4>S and P five hundred, double downgrade from Morgan Stanley analysts,

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<v Speaker 4>who write that a memory super cycle increasingly poses a

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<v Speaker 4>risk to earnings of hardware, original equipment and design manufacturers.

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<v Speaker 4>The analysts cut their ratings not just on Dell, but HP, Pegatron,

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<v Speaker 4>and asces Tech to underweight shares once again down eight

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<v Speaker 4>point four percent, and video shares also taking today. This

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<v Speaker 4>is the worst performer in the S and P five

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<v Speaker 4>hundred on a points basis, down one point nine percent. Certainly,

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<v Speaker 4>the big report that comes this week Wednesday after the bell,

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<v Speaker 4>so keeping an eye on shares as a result of that. Also,

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<v Speaker 4>Peter Thiel's hedge fund till Macro sold at staken in

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<v Speaker 4>Nvidia during the third quarter, offloading its whole position of

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<v Speaker 4>more than five hundred and thirty seven thousand shares that

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<v Speaker 4>would have been worth about one hundred million dollars based

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<v Speaker 4>on the closing price from September thirtieth, and finally, shares

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<v Speaker 4>a Blue Owl capital down five point six percent today.

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<v Speaker 4>They were under pressure. There was this big piece in

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<v Speaker 4>the Wall Street Journal late yesterday. It goes into detail

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<v Speaker 4>about how the firm is financing data centers and its

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<v Speaker 4>exposure to the AI trade. Blue Owl among the fund

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<v Speaker 4>managers that have brought in trillions of dollars in recent

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<v Speaker 4>years and of late put much of that money toward

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<v Speaker 4>financing data centers. We spoke to Chris Whalen, chairman of

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<v Speaker 4>Whalen and Global Advisors, a little earlier. He referenced that

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<v Speaker 4>article when we were talking about the financial firms involved

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<v Speaker 4>in the ecosystem. Whalen is not sold on this technology.

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<v Speaker 4>He doesn't see this the output from this as being

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<v Speaker 4>as exciting as so many others thing can.

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<v Speaker 1>I just say I listened to an interview, you guys,

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<v Speaker 1>he's got to let them finish his answer, by the way,

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<v Speaker 1>but I stayed to listen to the whole thing, sit

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<v Speaker 1>in the bathroom the whole time. Let's check. Let's think.

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<v Speaker 3>Actually it was good.

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<v Speaker 1>But anyway, you would get to the idea you talk

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<v Speaker 1>about data centers in AI. That's actually been a big

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<v Speaker 1>driver what we've been seeing in the bond market. I

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<v Speaker 1>want you to take a look at treasury yields. They

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<v Speaker 1>didn't go a whole lot of places here. Obviously some

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<v Speaker 1>people did bid in as a potential safety play, but

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<v Speaker 1>the move was kind of constrained because of the gigantic

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<v Speaker 1>bonds corporate bond sale out there by Amazon. And we've

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<v Speaker 1>seen this play out over the last few weeks here

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<v Speaker 1>with Oracle and a couple other big behemoths coming into

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<v Speaker 1>the corporate bond market and that kind of sucks life

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<v Speaker 1>out of the treasury market here. So that could be

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<v Speaker 1>a big story here going forward as more of these

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<v Speaker 1>companies look to capital markets to fund their AI dreams.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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