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 Stenobeck, Romain Bostick, and Scarlett foul.
Speaker 1: All right, let's go to the S and P. Five
Speaker 1: hundred most names in the index. Hire guys today three
Speaker 1: hundred and fifty nine gaining ground, one hundred and forty
Speaker 1: two to the downside, Matt too unchanged.
Speaker 3: Take a look at the industry groups moving higher, and
Speaker 3: you'll see pretty much all of them that aren't defensive
Speaker 3: did So you've got consumer staples down. And if you
Speaker 3: look at the S and P, which is I think
Speaker 3: Katie agrees, you know much better yardstick, it's the index,
Speaker 3: you can see that you had a lot of consumer
Speaker 3: staples on the downside, Procter and Gamble. You had Philip
Speaker 3: Morris at one point one of the biggest losers on
Speaker 3: the index, Altria Group. Also, these are things that you
Speaker 3: know you either need to buy again every month or
Speaker 3: you're just addicted to so you have no choice. But
Speaker 3: for the for the most part, you had every other
Speaker 3: group rising. Healthcare you see down, but really just unchanged.
Speaker 1: All right, guys, let's get to some of the individual gainers.
Speaker 1: No surprise, I'm going to talk about Broadcom. Of course,
Speaker 1: tick er avgo up as much as almost eleven percent,
Speaker 1: finishing the day with a gain of just shy of
Speaker 1: ten percent, number two gainer in the S and P
Speaker 1: five hundred, number one gainer in the nasdaquin hundred, no
Speaker 1: number two, forgive me, but nonetheless really just pushed the
Speaker 1: whole semi sector higher in today's session. This as open
Speaker 1: ai signed a multi year agreement with Broadcom to collaborate
Speaker 1: on custom chips and networking equipment. So it's the latest
Speaker 1: step in open AI's ambitious plan to add computing infrastructure.
Speaker 1: But it really gave some juice to Broadcom, all right.
Speaker 1: The other thing that was kind of a broader story
Speaker 1: today was when you look at rare earth and critical
Speaker 1: mineral stocks rising, fallowing strong gains among Asia in peers
Speaker 1: fresh tensions between Beijing and Washington over China's exports of
Speaker 1: critical minerals, fueling bets on alternative suppliers. So two names.
Speaker 1: I just want to show critical materials, critical medicals. Try
Speaker 1: this again. Shall we try that again?
Speaker 2: Take two?
Speaker 1: Everybody?
Speaker 3: Three? Two?
Speaker 1: One, Critical Medals up almost fifty five percent in today's session,
Speaker 1: and then MP Materials up just about twenty one percent.
Speaker 1: Remember MP Materials is the one that the US government
Speaker 1: has taken a stake in, along with some other investments
Speaker 1: in raw materials companies. And then I got to mention
Speaker 1: Warner Brothers up almost four percent. Here this as the
Speaker 1: company according to reports that sided people familiar with the
Speaker 1: matter of rejected Paramount skuy Dance's initial takeover approach for
Speaker 1: being too low.
Speaker 4: Can I just go ahead?
Speaker 3: Can I just interject with a little bit of an
Speaker 3: editorial comments?
Speaker 4: This is very Roman of you, So go ahead.
Speaker 5: I know.
Speaker 1: I'm like, well, I thought I could get through it
Speaker 1: and then just pass the botagal take.
Speaker 3: Has Carol, because you and Tim were there at screen
Speaker 3: time last week. Yeah, I Lucas Shaw's conversation with David
Speaker 3: Ellison was amazing.
Speaker 5: It was amazing.
Speaker 3: I understand so much more about the company, about the industry,
Speaker 3: about their aim.
Speaker 1: That's funny because Laura Martin of Needham said, she goes,
Speaker 1: I don't feel like that David Ellison has really laid
Speaker 1: out his strategy and he keeps making these acquisitions, but
Speaker 1: not kind of saying what the overall strategy is. I'm
Speaker 1: just just sharing you because she talked with us at
Speaker 1: screen time.
Speaker 3: I just thought it was good, so good.
Speaker 4: I can listening to it if you haven't, or buy
Speaker 4: tickets for next year. Billy. There were stocks that felt today.
Speaker 5: There are stocks that felt today. And the worst performer
Speaker 5: in the S and P five hundred is not in
Speaker 5: the Dow Jones industrials. Katie. That is Fast and all
Speaker 5: Tick your fast following the most since March twenty twenty.
Speaker 5: This came after earnings. COO told Carol and I that
Speaker 5: their stock was actually price of perfection and that's why
Speaker 5: they were down. But analysts called out some soft pricing
Speaker 5: overshadowing results that at the top line actually weren't that bad.
Speaker 5: And I want to call out this second and third
Speaker 5: one worst performers in the S and P five hundred
Speaker 5: casino stocks. We saw both Las Vegas Sands and Win
Speaker 5: Resorts under pressure, each falling more than six percent. Not
Speaker 5: because people aren't going to Las Vegas, but there's a
Speaker 5: holiday on the other side of the world and that's
Speaker 5: Golden Week, and we saw MACAU data disappointing, so investors
Speaker 5: really selling down those two stocks again, Las Vegas Sands
Speaker 5: tick her LVS down more than six percent, worst drop
Speaker 5: since earlier in the month, but closing at the lowest
Speaker 5: level since June. And guys, I just want to wrap
Speaker 5: up with one of my favorite stocks to cover, beyond meat,
Speaker 5: ticker b y N.
Speaker 1: Could you like to eat it?
Speaker 5: I do not like to eat it. I'm I questioned
Speaker 5: it as a little concerning how it bleeds, but it was.
Speaker 5: It was at one point one of the best stocks
Speaker 5: to IPO ever. Very real it was.
Speaker 2: It was.
Speaker 3: It was.
Speaker 5: You know, it's a very logical fundamental argument, at least
Speaker 5: when when the stock was trading for whatever number it was,
Speaker 5: but closing at a record low, losing about half its value.
Speaker 5: This came after debt investors swapped their notes for shares,
Speaker 5: diluting investors. So it does seem like h burn to
Speaker 5: the end for beyond meat.
Speaker 4: Yeah, pour out some beet juice for beyond meat. The
Speaker 4: bond market was close today. It was one of those
Speaker 4: weird days where equities were opened, bonds were closed. I
Speaker 4: wanted to take a look at TLT here though, this
Speaker 4: of course tracks twenty year treasuries and beyond and you
Speaker 4: can see that it's just about flat. On the day
Speaker 4: it opened up lower. That would have meant that yields
Speaker 4: were higher, but you can see it finished just about unchanged.
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