WEBVTT - Closing Bell: Trilogy Metals Higher, Oracle Falls, AMD Builds on Yesterday's Gains

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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 Scarlet Foo.

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<v Speaker 3>If you look at the S and P five hundred,

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<v Speaker 3>you've got more than two hundred names to THEP side,

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<v Speaker 3>two hundred and ninety nine to the downside.

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<v Speaker 4>And let's take a look at the sector level as well,

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<v Speaker 4>slightly more red than green. When you consult the circle there,

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<v Speaker 4>you can see that Tech is actually lower on the day.

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<v Speaker 4>Feels like we haven't seen that for a while. That

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<v Speaker 4>sector down by about half a percent. We know a

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<v Speaker 4>lot of that comes back to Oracle in terms of

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<v Speaker 4>what did well. Consumer Staples was your big winner when

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<v Speaker 4>it comes to a percent, bases up by about nine

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<v Speaker 4>tenths of a percent. Financials too as well. But consumer

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<v Speaker 4>staples being the big winner really speaks to the defensive

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<v Speaker 4>mood in the market overall today.

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<v Speaker 3>All right, Having said that, man some real standouts when

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<v Speaker 3>it comes to gainers in the Tuesday Trade trilogy.

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<v Speaker 2>Trilogy.

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<v Speaker 3>I'm sure you'll have more to add. Trilogy medals up

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<v Speaker 3>two hundred and eleven percent. It was up as much

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<v Speaker 3>as two hundred and eighty one percent earlier in the session,

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<v Speaker 3>but finishing with a two hundred eleven percent gain. Ticker

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<v Speaker 3>is TMQ. It's a six dollars fifty cent a share stock.

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<v Speaker 3>You know the story the United States taking a ten

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<v Speaker 3>percent steak in the Canadian Minerals Explorer as part of

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<v Speaker 3>a thirty five point six million dollar investment to secure

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<v Speaker 3>critical energy and mining projects in Alaska. We have seen

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<v Speaker 3>this trade coming out of the White House, so there's

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<v Speaker 3>a beneficiary in a big way. App Lovin down fourteen

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<v Speaker 3>percent yesterday. It was a story that came on our

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<v Speaker 3>radar late yesterday. Down fourteen percent in the Monday trade,

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<v Speaker 3>but up seven point six percent in today's session. It

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<v Speaker 3>was a top gainer in the S and P five

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<v Speaker 3>hundred NASDAQ one hundred city coming out and saying that

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<v Speaker 3>they would be buyers on any weakness. They say that

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<v Speaker 3>they noted that the regulator SEC has no officially accused

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<v Speaker 3>app love and of any wrongdoing, so they're kind of

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<v Speaker 3>a little bit It sounds like suspect. Keep in mind

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<v Speaker 3>the big story yesterday Bloomberg News breaking that the SEC

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<v Speaker 3>has been probing the company according specifically looking at their

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<v Speaker 3>data collection practices. That was according to people familiar, but

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<v Speaker 3>nonetheless investors moving back into app love and got to

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<v Speaker 3>mention AMD. It again was among your biggest gainers in

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<v Speaker 3>the major indices, up another three almost four percent in

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<v Speaker 3>today's session. This kind of another gain for a second day,

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<v Speaker 3>up almost twenty four percent yesterday. So continuing to build,

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<v Speaker 3>and that of course is the news that AMD has

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<v Speaker 3>a deal with open Ai to build AI infrastructure. So

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<v Speaker 3>some momentum continuing on this Tuesday tamp.

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<v Speaker 5>Well, those are some of the gainers. I got some

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<v Speaker 5>of the decliners for you. I'm going to start with

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<v Speaker 5>Oracle shares today, falling by two point five percent, this

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<v Speaker 5>after report in the Information said the company's profit margin

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<v Speaker 5>in cloud computing is lower than many on Wall Street

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<v Speaker 5>have been estimating. The Company's growth margin was sixty seven

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<v Speaker 5>point three percent, the lowest in more than a year,

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<v Speaker 5>due to have a spending on chips and data center

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<v Speaker 5>capacity oortle. Oracle shares earlier in the session fell as

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<v Speaker 5>much as seven point one percent, but paired those declines

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<v Speaker 5>to close down two and a half percent. The company

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<v Speaker 5>declined to comment. Ford shares following the most today since February,

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<v Speaker 5>down six point one percent. The Wall Street Journal reported

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<v Speaker 5>that a fire at a New York State aluminum plant

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<v Speaker 5>will cause months of disruption for Ford. It's the biggest

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<v Speaker 5>customer of this plant based in Oswego, though Toyota and

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<v Speaker 5>Stalantis also used this plant's aluminum. City says it's too

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<v Speaker 5>soon to cut fourth quarter North American light vehicle forecast,

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<v Speaker 5>but the fire could present a supply risk for the period.

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<v Speaker 5>Our Bloomberg intelligence team, including Steve Man, who's going to

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<v Speaker 5>join our program in just about twenty minutes, says that

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<v Speaker 5>the drop in the stock also reflects persistent concern overrising

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<v Speaker 5>warranty costs and its EV business at the expiration of

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<v Speaker 5>an EV tax credit, crimping demand and finally, watching shares

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<v Speaker 5>of sports betting platforms DraftKings and Flutter Entertainment. Flutter is

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<v Speaker 5>the parent company fan Duel. Flutter down three point seven percent,

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<v Speaker 5>DraftKings down five point eight percent. These took a hit

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<v Speaker 5>today after Intercontinental Exchange, the owner of the New York

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<v Speaker 5>Stock Exchange, announced plan plans to invest as much as

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<v Speaker 5>two billion dollars in the crypto based betting platform poly market.

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<v Speaker 5>You can kind of bet on anything on poly market guys,

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<v Speaker 5>not just about elections, not just about how many tweets

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<v Speaker 5>elon Musk will send. That was a real one that

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<v Speaker 5>I saw this morning, but also of course on sports

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<v Speaker 5>as well. So that could be a challenge to these companies.

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<v Speaker 5>And whether it's you're play.

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<v Speaker 3>A sandwich well touring our show.

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<v Speaker 5>Oh, that one's an easy one to sort.

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<v Speaker 4>Of like the market.

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<v Speaker 3>The odds are night not maybe so liquid, but the

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<v Speaker 3>odds are that.

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<v Speaker 1>You will okay, I have no idea what their.

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<v Speaker 4>The sandwich is on whether or not he is going

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<v Speaker 4>to all right.

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<v Speaker 1>Well, you can also bet on where treasuries are going.

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<v Speaker 1>You take a look at yields on the screen, they

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<v Speaker 1>are down across the board. Here there's your point out

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<v Speaker 1>that we had seen yields ticking higher for the last

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<v Speaker 1>few days, really the last couple of weeks or so.

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<v Speaker 1>A bit of a pullback today as some people pile

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<v Speaker 1>pile back in on a rice basis.

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<v Speaker 2>The Stockmovers Report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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