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 Stenebeck, Romain Bostik, and Scarlett Foo.
Speaker 3: All right, Katie, so you mentioned alphabet, so let's start there,
Speaker 3: because folks, that is your number one gainer in both
Speaker 3: the S and P five hundred and the Nasdaq one hundred.
Speaker 3: On this Monday, stock was up as much as six
Speaker 3: point three percent intra day, so we did see an
Speaker 3: intra day high closing though with about a three percent gain.
Speaker 3: As Katie mentioned, we got news over the weekend Warren
Speaker 3: Buffetts Berkshire Hathaway disclosing a stake in the company in
Speaker 3: what was seen as a sign of confidence in its prospects.
Speaker 3: The steak as of the Friday close was worth about
Speaker 3: four point nine billion dollars, so that was certainly an
Speaker 3: now performer today. I want to mention two names. We're
Speaker 3: going to bring them up on the boards for you.
Speaker 3: This was also a top gainer in the S and
Speaker 3: P five hundred. Throughout the day, the news was lithium
Speaker 3: prices and shares and producers of the metal surge today
Speaker 3: after one of China's major suppliers delivered a bullish forecast
Speaker 3: for the battery material that had been languishing in a
Speaker 3: global glut. So shares in major producers, including SQM and
Speaker 3: Albemarle were both hire. Albamarle up about two point two
Speaker 3: percent here in today's session and SQM up about nine
Speaker 3: percent in today's session. So some outperformance there. And then
Speaker 3: just one more, just kind of something different. Vita Cocoa.
Speaker 3: That one hitting a record today. It's up about twenty
Speaker 3: seven percent year to date, heavy volume. B of A
Speaker 3: coming out upgrading its recommendation on the coconut water company
Speaker 3: to buy from Neutool, raising its price target to fifty
Speaker 3: four from forty eight. That after President Trump issued an
Speaker 3: order on Friday reducing tariffs and hundreds of food products
Speaker 3: we know that can't be produced in the United States
Speaker 3: in sufficient quantity to meet domestic demand, the company issued
Speaker 3: a statement this morning saying that under that executive order,
Speaker 3: it believes that it's coconut water products will exempt from
Speaker 3: reciprocal tariffs as of November thirteenth, And so, yeah, investors
Speaker 3: kind of.
Speaker 1: Like in that one.
Speaker 4: I don't know remain strikes me as like a harmless
Speaker 4: harvest sort of coconut water. Guy, I love coconut water.
Speaker 2: Yeah, I was.
Speaker 4: I was an og on the copy you were back
Speaker 4: in the day.
Speaker 3: Yeah you're still.
Speaker 1: Yeah, it is the best way to hydrate.
Speaker 4: I am a fanmant are you?
Speaker 3: Oh yeah? I never see you drinking it.
Speaker 1: Wow, she just called you.
Speaker 4: Out there, and we do spend a lot of time together.
Speaker 3: I know what he drinks water.
Speaker 4: Hey, let's talk to about some of the decliners. I
Speaker 4: want to start with the worst performer in the S
Speaker 4: and P five hundred today, Dell down about eight point
Speaker 4: four percent, worst performer on a percentage basis in the
Speaker 4: S and P five hundred, double downgrade from Morgan Stanley analysts,
Speaker 4: who write that a memory super cycle increasingly poses a
Speaker 4: risk to earnings of hardware, original equipment and design manufacturers.
Speaker 4: The analysts cut their ratings not just on Dell, but HP, Pegatron,
Speaker 4: and asces Tech to underweight shares once again down eight
Speaker 4: point four percent, and video shares also taking today. This
Speaker 4: is the worst performer in the S and P five
Speaker 4: hundred on a points basis, down one point nine percent. Certainly,
Speaker 4: the big report that comes this week Wednesday after the bell,
Speaker 4: so keeping an eye on shares as a result of that. Also,
Speaker 4: Peter Thiel's hedge fund till Macro sold at staken in
Speaker 4: Nvidia during the third quarter, offloading its whole position of
Speaker 4: more than five hundred and thirty seven thousand shares that
Speaker 4: would have been worth about one hundred million dollars based
Speaker 4: on the closing price from September thirtieth, and finally, shares
Speaker 4: a Blue Owl capital down five point six percent today.
Speaker 4: They were under pressure. There was this big piece in
Speaker 4: the Wall Street Journal late yesterday. It goes into detail
Speaker 4: about how the firm is financing data centers and its
Speaker 4: exposure to the AI trade. Blue Owl among the fund
Speaker 4: managers that have brought in trillions of dollars in recent
Speaker 4: years and of late put much of that money toward
Speaker 4: financing data centers. We spoke to Chris Whalen, chairman of
Speaker 4: Whalen and Global Advisors, a little earlier. He referenced that
Speaker 4: article when we were talking about the financial firms involved
Speaker 4: in the ecosystem. Whalen is not sold on this technology.
Speaker 4: He doesn't see this the output from this as being
Speaker 4: as exciting as so many others thing can.
Speaker 1: I just say I listened to an interview, you guys,
Speaker 1: he's got to let them finish his answer, by the way,
Speaker 1: but I stayed to listen to the whole thing, sit
Speaker 1: in the bathroom the whole time. Let's check. Let's think.
Speaker 3: Actually it was good.
Speaker 1: But anyway, you would get to the idea you talk
Speaker 1: about data centers in AI. That's actually been a big
Speaker 1: driver what we've been seeing in the bond market. I
Speaker 1: want you to take a look at treasury yields. They
Speaker 1: didn't go a whole lot of places here. Obviously some
Speaker 1: people did bid in as a potential safety play, but
Speaker 1: the move was kind of constrained because of the gigantic
Speaker 1: bonds corporate bond sale out there by Amazon. And we've
Speaker 1: seen this play out over the last few weeks here
Speaker 1: with Oracle and a couple other big behemoths coming into
Speaker 1: the corporate bond market and that kind of sucks life
Speaker 1: out of the treasury market here. So that could be
Speaker 1: a big story here going forward as more of these
Speaker 1: companies look to capital markets to fund their AI dreams.
Speaker 2: This stock mover's 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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