1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on this stock movers report, 3 00:00:13,560 --> 00:00:16,520 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,319 Speaker 2: with Carol Masser, Tim Stenobeck, Romain Bostick, and Scarlett foul. 5 00:00:21,720 --> 00:00:23,160 Speaker 1: All right, let's go to the S and P. Five 6 00:00:23,280 --> 00:00:25,880 Speaker 1: hundred most names in the index. Hire guys today three 7 00:00:25,960 --> 00:00:28,720 Speaker 1: hundred and fifty nine gaining ground, one hundred and forty 8 00:00:28,720 --> 00:00:30,600 Speaker 1: two to the downside, Matt too unchanged. 9 00:00:30,760 --> 00:00:33,559 Speaker 3: Take a look at the industry groups moving higher, and 10 00:00:33,600 --> 00:00:37,080 Speaker 3: you'll see pretty much all of them that aren't defensive 11 00:00:37,240 --> 00:00:41,000 Speaker 3: did So you've got consumer staples down. And if you 12 00:00:41,680 --> 00:00:44,560 Speaker 3: look at the S and P, which is I think 13 00:00:44,680 --> 00:00:48,600 Speaker 3: Katie agrees, you know much better yardstick, it's the index, 14 00:00:49,240 --> 00:00:51,559 Speaker 3: you can see that you had a lot of consumer 15 00:00:51,600 --> 00:00:55,000 Speaker 3: staples on the downside, Procter and Gamble. You had Philip 16 00:00:55,000 --> 00:00:57,320 Speaker 3: Morris at one point one of the biggest losers on 17 00:00:57,400 --> 00:01:00,400 Speaker 3: the index, Altria Group. Also, these are things that you 18 00:01:00,440 --> 00:01:03,160 Speaker 3: know you either need to buy again every month or 19 00:01:03,200 --> 00:01:06,600 Speaker 3: you're just addicted to so you have no choice. But 20 00:01:06,640 --> 00:01:09,360 Speaker 3: for the for the most part, you had every other 21 00:01:09,520 --> 00:01:13,120 Speaker 3: group rising. Healthcare you see down, but really just unchanged. 22 00:01:13,200 --> 00:01:16,000 Speaker 1: All right, guys, let's get to some of the individual gainers. 23 00:01:16,000 --> 00:01:18,080 Speaker 1: No surprise, I'm going to talk about Broadcom. Of course, 24 00:01:18,160 --> 00:01:22,280 Speaker 1: tick er avgo up as much as almost eleven percent, 25 00:01:22,319 --> 00:01:24,160 Speaker 1: finishing the day with a gain of just shy of 26 00:01:24,200 --> 00:01:26,480 Speaker 1: ten percent, number two gainer in the S and P 27 00:01:26,600 --> 00:01:30,000 Speaker 1: five hundred, number one gainer in the nasdaquin hundred, no 28 00:01:30,120 --> 00:01:33,319 Speaker 1: number two, forgive me, but nonetheless really just pushed the 29 00:01:33,319 --> 00:01:36,840 Speaker 1: whole semi sector higher in today's session. This as open 30 00:01:36,880 --> 00:01:39,760 Speaker 1: ai signed a multi year agreement with Broadcom to collaborate 31 00:01:39,800 --> 00:01:42,640 Speaker 1: on custom chips and networking equipment. So it's the latest 32 00:01:42,640 --> 00:01:47,320 Speaker 1: step in open AI's ambitious plan to add computing infrastructure. 33 00:01:47,319 --> 00:01:50,280 Speaker 1: But it really gave some juice to Broadcom, all right. 34 00:01:50,320 --> 00:01:53,240 Speaker 1: The other thing that was kind of a broader story 35 00:01:53,280 --> 00:01:56,920 Speaker 1: today was when you look at rare earth and critical 36 00:01:57,080 --> 00:02:00,720 Speaker 1: mineral stocks rising, fallowing strong gains among Asia in peers 37 00:02:01,040 --> 00:02:05,400 Speaker 1: fresh tensions between Beijing and Washington over China's exports of 38 00:02:05,440 --> 00:02:09,000 Speaker 1: critical minerals, fueling bets on alternative suppliers. So two names. 39 00:02:09,040 --> 00:02:14,239 Speaker 1: I just want to show critical materials, critical medicals. Try 40 00:02:14,280 --> 00:02:18,320 Speaker 1: this again. Shall we try that again? 41 00:02:18,400 --> 00:02:18,760 Speaker 2: Take two? 42 00:02:18,840 --> 00:02:19,400 Speaker 1: Everybody? 43 00:02:19,680 --> 00:02:20,240 Speaker 3: Three? Two? 44 00:02:20,480 --> 00:02:25,120 Speaker 1: One, Critical Medals up almost fifty five percent in today's session, 45 00:02:25,200 --> 00:02:28,840 Speaker 1: and then MP Materials up just about twenty one percent. 46 00:02:28,919 --> 00:02:31,440 Speaker 1: Remember MP Materials is the one that the US government 47 00:02:31,440 --> 00:02:35,000 Speaker 1: has taken a stake in, along with some other investments 48 00:02:35,040 --> 00:02:36,919 Speaker 1: in raw materials companies. And then I got to mention 49 00:02:37,000 --> 00:02:40,480 Speaker 1: Warner Brothers up almost four percent. Here this as the 50 00:02:40,520 --> 00:02:43,880 Speaker 1: company according to reports that sided people familiar with the 51 00:02:43,919 --> 00:02:46,959 Speaker 1: matter of rejected Paramount skuy Dance's initial takeover approach for 52 00:02:47,080 --> 00:02:47,919 Speaker 1: being too low. 53 00:02:48,320 --> 00:02:49,880 Speaker 4: Can I just go ahead? 54 00:02:50,160 --> 00:02:52,880 Speaker 3: Can I just interject with a little bit of an 55 00:02:52,960 --> 00:02:53,920 Speaker 3: editorial comments? 56 00:02:53,919 --> 00:02:55,640 Speaker 4: This is very Roman of you, So go ahead. 57 00:02:55,760 --> 00:02:55,960 Speaker 5: I know. 58 00:02:56,080 --> 00:02:58,440 Speaker 1: I'm like, well, I thought I could get through it 59 00:02:58,520 --> 00:03:00,080 Speaker 1: and then just pass the botagal take. 60 00:03:00,080 --> 00:03:02,880 Speaker 3: Has Carol, because you and Tim were there at screen 61 00:03:02,960 --> 00:03:07,200 Speaker 3: time last week. Yeah, I Lucas Shaw's conversation with David 62 00:03:07,200 --> 00:03:09,480 Speaker 3: Ellison was amazing. 63 00:03:09,800 --> 00:03:10,480 Speaker 5: It was amazing. 64 00:03:10,520 --> 00:03:14,120 Speaker 3: I understand so much more about the company, about the industry, 65 00:03:14,240 --> 00:03:16,200 Speaker 3: about their aim. 66 00:03:16,360 --> 00:03:18,639 Speaker 1: That's funny because Laura Martin of Needham said, she goes, 67 00:03:18,680 --> 00:03:20,600 Speaker 1: I don't feel like that David Ellison has really laid 68 00:03:20,600 --> 00:03:23,240 Speaker 1: out his strategy and he keeps making these acquisitions, but 69 00:03:23,320 --> 00:03:25,959 Speaker 1: not kind of saying what the overall strategy is. I'm 70 00:03:26,000 --> 00:03:28,280 Speaker 1: just just sharing you because she talked with us at 71 00:03:28,320 --> 00:03:28,880 Speaker 1: screen time. 72 00:03:29,400 --> 00:03:30,880 Speaker 3: I just thought it was good, so good. 73 00:03:31,320 --> 00:03:33,040 Speaker 4: I can listening to it if you haven't, or buy 74 00:03:33,080 --> 00:03:35,840 Speaker 4: tickets for next year. Billy. There were stocks that felt today. 75 00:03:35,920 --> 00:03:38,000 Speaker 5: There are stocks that felt today. And the worst performer 76 00:03:38,040 --> 00:03:39,800 Speaker 5: in the S and P five hundred is not in 77 00:03:39,920 --> 00:03:42,880 Speaker 5: the Dow Jones industrials. Katie. That is Fast and all 78 00:03:42,960 --> 00:03:46,920 Speaker 5: Tick your fast following the most since March twenty twenty. 79 00:03:46,960 --> 00:03:49,360 Speaker 5: This came after earnings. COO told Carol and I that 80 00:03:49,400 --> 00:03:51,720 Speaker 5: their stock was actually price of perfection and that's why 81 00:03:51,760 --> 00:03:54,440 Speaker 5: they were down. But analysts called out some soft pricing 82 00:03:54,680 --> 00:03:58,000 Speaker 5: overshadowing results that at the top line actually weren't that bad. 83 00:03:58,040 --> 00:03:59,840 Speaker 5: And I want to call out this second and third 84 00:03:59,800 --> 00:04:02,360 Speaker 5: one worst performers in the S and P five hundred 85 00:04:02,720 --> 00:04:05,800 Speaker 5: casino stocks. We saw both Las Vegas Sands and Win 86 00:04:05,920 --> 00:04:09,160 Speaker 5: Resorts under pressure, each falling more than six percent. Not 87 00:04:09,240 --> 00:04:11,360 Speaker 5: because people aren't going to Las Vegas, but there's a 88 00:04:11,440 --> 00:04:13,400 Speaker 5: holiday on the other side of the world and that's 89 00:04:13,400 --> 00:04:16,640 Speaker 5: Golden Week, and we saw MACAU data disappointing, so investors 90 00:04:16,640 --> 00:04:19,600 Speaker 5: really selling down those two stocks again, Las Vegas Sands 91 00:04:19,640 --> 00:04:22,640 Speaker 5: tick her LVS down more than six percent, worst drop 92 00:04:22,839 --> 00:04:25,440 Speaker 5: since earlier in the month, but closing at the lowest 93 00:04:25,520 --> 00:04:27,560 Speaker 5: level since June. And guys, I just want to wrap 94 00:04:27,640 --> 00:04:31,440 Speaker 5: up with one of my favorite stocks to cover, beyond meat, 95 00:04:31,680 --> 00:04:32,800 Speaker 5: ticker b y N. 96 00:04:33,080 --> 00:04:34,000 Speaker 1: Could you like to eat it? 97 00:04:34,120 --> 00:04:36,559 Speaker 5: I do not like to eat it. I'm I questioned 98 00:04:36,600 --> 00:04:38,720 Speaker 5: it as a little concerning how it bleeds, but it was. 99 00:04:39,040 --> 00:04:41,320 Speaker 5: It was at one point one of the best stocks 100 00:04:41,360 --> 00:04:43,440 Speaker 5: to IPO ever. Very real it was. 101 00:04:43,480 --> 00:04:43,760 Speaker 2: It was. 102 00:04:43,880 --> 00:04:44,160 Speaker 3: It was. 103 00:04:44,440 --> 00:04:47,880 Speaker 5: You know, it's a very logical fundamental argument, at least 104 00:04:47,880 --> 00:04:50,640 Speaker 5: when when the stock was trading for whatever number it was, 105 00:04:50,760 --> 00:04:52,960 Speaker 5: but closing at a record low, losing about half its value. 106 00:04:52,960 --> 00:04:56,760 Speaker 5: This came after debt investors swapped their notes for shares, 107 00:04:56,800 --> 00:05:01,160 Speaker 5: diluting investors. So it does seem like h burn to 108 00:05:01,200 --> 00:05:02,880 Speaker 5: the end for beyond meat. 109 00:05:03,000 --> 00:05:05,560 Speaker 4: Yeah, pour out some beet juice for beyond meat. The 110 00:05:05,560 --> 00:05:07,360 Speaker 4: bond market was close today. It was one of those 111 00:05:07,360 --> 00:05:10,159 Speaker 4: weird days where equities were opened, bonds were closed. I 112 00:05:10,160 --> 00:05:12,800 Speaker 4: wanted to take a look at TLT here though, this 113 00:05:12,880 --> 00:05:16,200 Speaker 4: of course tracks twenty year treasuries and beyond and you 114 00:05:16,240 --> 00:05:19,000 Speaker 4: can see that it's just about flat. On the day 115 00:05:19,320 --> 00:05:21,600 Speaker 4: it opened up lower. That would have meant that yields 116 00:05:21,600 --> 00:05:24,680 Speaker 4: were higher, but you can see it finished just about unchanged. 117 00:05:25,240 --> 00:05:29,280 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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