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 Scarlet Foo.
Speaker 3: If you look at the S and P five hundred,
Speaker 3: you've got more than two hundred names to THEP side,
Speaker 3: two hundred and ninety nine to the downside.
Speaker 4: And let's take a look at the sector level as well,
Speaker 4: slightly more red than green. When you consult the circle there,
Speaker 4: you can see that Tech is actually lower on the day.
Speaker 4: Feels like we haven't seen that for a while. That
Speaker 4: sector down by about half a percent. We know a
Speaker 4: lot of that comes back to Oracle in terms of
Speaker 4: what did well. Consumer Staples was your big winner when
Speaker 4: it comes to a percent, bases up by about nine
Speaker 4: tenths of a percent. Financials too as well. But consumer
Speaker 4: staples being the big winner really speaks to the defensive
Speaker 4: mood in the market overall today.
Speaker 3: All right, Having said that, man some real standouts when
Speaker 3: it comes to gainers in the Tuesday Trade trilogy.
Speaker 2: Trilogy.
Speaker 3: I'm sure you'll have more to add. Trilogy medals up
Speaker 3: two hundred and eleven percent. It was up as much
Speaker 3: as two hundred and eighty one percent earlier in the session,
Speaker 3: but finishing with a two hundred eleven percent gain. Ticker
Speaker 3: is TMQ. It's a six dollars fifty cent a share stock.
Speaker 3: You know the story the United States taking a ten
Speaker 3: percent steak in the Canadian Minerals Explorer as part of
Speaker 3: a thirty five point six million dollar investment to secure
Speaker 3: critical energy and mining projects in Alaska. We have seen
Speaker 3: this trade coming out of the White House, so there's
Speaker 3: a beneficiary in a big way. App Lovin down fourteen
Speaker 3: percent yesterday. It was a story that came on our
Speaker 3: radar late yesterday. Down fourteen percent in the Monday trade,
Speaker 3: but up seven point six percent in today's session. It
Speaker 3: was a top gainer in the S and P five
Speaker 3: hundred NASDAQ one hundred city coming out and saying that
Speaker 3: they would be buyers on any weakness. They say that
Speaker 3: they noted that the regulator SEC has no officially accused
Speaker 3: app love and of any wrongdoing, so they're kind of
Speaker 3: a little bit It sounds like suspect. Keep in mind
Speaker 3: the big story yesterday Bloomberg News breaking that the SEC
Speaker 3: has been probing the company according specifically looking at their
Speaker 3: data collection practices. That was according to people familiar, but
Speaker 3: nonetheless investors moving back into app love and got to
Speaker 3: mention AMD. It again was among your biggest gainers in
Speaker 3: the major indices, up another three almost four percent in
Speaker 3: today's session. This kind of another gain for a second day,
Speaker 3: up almost twenty four percent yesterday. So continuing to build,
Speaker 3: and that of course is the news that AMD has
Speaker 3: a deal with open Ai to build AI infrastructure. So
Speaker 3: some momentum continuing on this Tuesday tamp.
Speaker 5: Well, those are some of the gainers. I got some
Speaker 5: of the decliners for you. I'm going to start with
Speaker 5: Oracle shares today, falling by two point five percent, this
Speaker 5: after report in the Information said the company's profit margin
Speaker 5: in cloud computing is lower than many on Wall Street
Speaker 5: have been estimating. The Company's growth margin was sixty seven
Speaker 5: point three percent, the lowest in more than a year,
Speaker 5: due to have a spending on chips and data center
Speaker 5: capacity oortle. Oracle shares earlier in the session fell as
Speaker 5: much as seven point one percent, but paired those declines
Speaker 5: to close down two and a half percent. The company
Speaker 5: declined to comment. Ford shares following the most today since February,
Speaker 5: down six point one percent. The Wall Street Journal reported
Speaker 5: that a fire at a New York State aluminum plant
Speaker 5: will cause months of disruption for Ford. It's the biggest
Speaker 5: customer of this plant based in Oswego, though Toyota and
Speaker 5: Stalantis also used this plant's aluminum. City says it's too
Speaker 5: soon to cut fourth quarter North American light vehicle forecast,
Speaker 5: but the fire could present a supply risk for the period.
Speaker 5: Our Bloomberg intelligence team, including Steve Man, who's going to
Speaker 5: join our program in just about twenty minutes, says that
Speaker 5: the drop in the stock also reflects persistent concern overrising
Speaker 5: warranty costs and its EV business at the expiration of
Speaker 5: an EV tax credit, crimping demand and finally, watching shares
Speaker 5: of sports betting platforms DraftKings and Flutter Entertainment. Flutter is
Speaker 5: the parent company fan Duel. Flutter down three point seven percent,
Speaker 5: DraftKings down five point eight percent. These took a hit
Speaker 5: today after Intercontinental Exchange, the owner of the New York
Speaker 5: Stock Exchange, announced plan plans to invest as much as
Speaker 5: two billion dollars in the crypto based betting platform poly market.
Speaker 5: You can kind of bet on anything on poly market guys,
Speaker 5: not just about elections, not just about how many tweets
Speaker 5: elon Musk will send. That was a real one that
Speaker 5: I saw this morning, but also of course on sports
Speaker 5: as well. So that could be a challenge to these companies.
Speaker 5: And whether it's you're play.
Speaker 3: A sandwich well touring our show.
Speaker 5: Oh, that one's an easy one to sort.
Speaker 4: Of like the market.
Speaker 3: The odds are night not maybe so liquid, but the
Speaker 3: odds are that.
Speaker 1: You will okay, I have no idea what their.
Speaker 4: The sandwich is on whether or not he is going
Speaker 4: to all right.
Speaker 1: Well, you can also bet on where treasuries are going.
Speaker 1: You take a look at yields on the screen, they
Speaker 1: are down across the board. Here there's your point out
Speaker 1: that we had seen yields ticking higher for the last
Speaker 1: few days, really the last couple of weeks or so.
Speaker 1: A bit of a pullback today as some people pile
Speaker 1: pile back in on a rice basis.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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