Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 3: All right, let's go to the S and P five hundred,
Speaker 3: Just doing a refresh here on my Bloomberg most names
Speaker 3: in the index lower today. Three hundred and sixty names
Speaker 3: in the S and P five hundred, Guys losing ground
Speaker 3: on this Friday, hundred and forty one to thepside, and
Speaker 3: Isabelia too unchanged?
Speaker 4: Looking at the I'm up, it's mostly red, but you
Speaker 4: see pockets of green energy up by around seven tens
Speaker 4: of one percent, but the rest is really down. Tech
Speaker 4: is down by nearly two percent, Materials down by nearly
Speaker 4: three percent. Health is also down by one percent. And
Speaker 4: the list goes on, but definitely mostly rent there on
Speaker 4: your screen.
Speaker 3: Yeah, a ton of red there, all right. So let's
Speaker 3: go to some of the gainers in today's session, And
Speaker 3: I'm going to go to the number one gainer in
Speaker 3: the S and P and the Nasdaq one hundred today,
Speaker 3: and that is deck ticker as DXCM that stack up
Speaker 3: at its highs more than nine percent today, but still
Speaker 3: finishing with a gain of about six and a half
Speaker 3: percent for the Friday trade. This is after the maker
Speaker 3: of continuous glucose monitoring devices gave a long term growth
Speaker 3: outlook at its investor day that impressed analysts. You also
Speaker 3: had the activist investor, Elliott Investment Management, taking a stake
Speaker 3: in the company and struck a settlement that will put
Speaker 3: two independent directors on the board. That deal stipulates the
Speaker 3: two will collaborate to point those two new directors who
Speaker 3: will add board expertise in medical technologies and operations to
Speaker 3: help the company scale. So keep in mind little perspective here.
Speaker 3: The market cap for this company peaked above sixty three
Speaker 3: billion back in twenty twenty one. It's this decline since then.
Speaker 3: It has about a twenty three billion dollar market cap today,
Speaker 3: and we've seen it cut its revenue outlook in recent
Speaker 3: years citing some execution problems. We also saw a new
Speaker 3: CEO takeover in January, the former CEO becoming executi chair.
Speaker 3: So they've had a lot going on. But nonetheless, this
Speaker 3: was a much more bullish day for Dexcom in today's session.
Speaker 3: Let's flip it on over to you know, those glucose monitors.
Speaker 3: I want to credit my co host, who's just brilliant
Speaker 3: and he's razy. He's he's like, you got to do
Speaker 3: dexcom and then you got to do this next story
Speaker 3: because you got to talk about ice cream because sometimes
Speaker 3: people eat ice cream have to have these glucose I.
Speaker 1: Didn't say that far. I just thought it would paar nicely.
Speaker 1: I'm almost like a fine wine.
Speaker 3: I've got to get to pizza in a moment, because
Speaker 3: you could also, you know, tie this together. Let's talk
Speaker 3: about Magnum ice Cream. We did see this stock move
Speaker 3: up almost eleven percent here at the close, finishing just
Speaker 3: off its highs the most sense the stocks. December listening,
Speaker 3: Rouyder's reported that the private equity firms, including Blackstone and Clayton, Doubleier,
Speaker 3: and Rice, are exploring potential bids for the company. Royter's
Speaker 3: siding people familiar with the matter, saying that the firms
Speaker 3: are monitoring Magnums share price, waiting for summer sales before
Speaker 3: deciding whether or not to pursue bids. Company spokesmen declined
Speaker 3: to comment to Bloomberg. We should point out this record
Speaker 3: Indy rally coming after Unilever spun off Magnum ice Cream
Speaker 3: and a triple listing in Amsterdam, London, in New York
Speaker 3: and December. But they own Ben and Jerry's. They own
Speaker 3: I think Klondikes and.
Speaker 1: Norm A Froyo kind of gal are you for nothing
Speaker 1: like original tart no flavor.
Speaker 3: Puppies like Froyo too. Oh, I'm just going to put
Speaker 3: that out all right, and keeping with this theme, you
Speaker 3: have some ice cream some nimes, you have ice cream
Speaker 3: after pizza. Some Nimes you have ice cream before pizza.
Speaker 3: In my house, all right, So Papa John's also hiring.
Speaker 3: Today's session just up almost six point two percent. This
Speaker 3: is again Reuter's. Well, they've been working hard. Rouyder's reported
Speaker 3: investment firm Earth Capital working with the pizza chain's largest
Speaker 3: US franchise, Z, who controls around ten percent of its
Speaker 3: domestic restaurants, to take the company private. Royers cited three sources,
Speaker 3: which it did not identify. So, yeah, this is going on.
Speaker 3: So we'll see what happens with this one. Okay, I'm
Speaker 3: just hungry now.
Speaker 1: How about some socks?
Speaker 2: Okay to eat?
Speaker 1: No, you can't eat these chips. But the Philadelphia Semiconductor
Speaker 1: Index off its worst levels to day, but still closed
Speaker 1: down four percent. In fact, you had only four stocks
Speaker 1: in the socks actually move higher today. Skyworks, Corvo, Stara,
Speaker 1: and Qualcom Armholdings fell more than eight point four percent.
Speaker 1: Nova fell eight point four percent. You had Intel fall
Speaker 1: six percent. Look, the socks is still up this year
Speaker 1: more than sixty percent. But a little bit of a
Speaker 1: give back in chip names today. Finally, well not finally. Next,
Speaker 1: let's talk about Ford. After surging more than twenty one
Speaker 1: percent in the last couple of days, Ford shares are
Speaker 1: taking a bit of a breather, finishing down today by
Speaker 1: seven point five percent. It's actually the most in more
Speaker 1: than a year, a bit of a cooling the enthusiasm
Speaker 1: over for its potential to benefit from the boom and
Speaker 1: energy demand for AI. Remember it was Ford's energy storage
Speaker 1: business and possible future tie up with AI Hyperscalers that
Speaker 1: led to this rally. Still, even with today's decline, Ford
Speaker 1: shares are still more than eleven percent higher since the
Speaker 1: close on Tuesday, that was the day before the rally started.
Speaker 1: And speaking of rallies fizzling cerebras systems. After yesterday's blockbuster IPO,
Speaker 1: I think we could call it shares felt today by
Speaker 1: just about ten percent, still closing the day at about
Speaker 1: two hundred and eighty dollars per share. Remember it was
Speaker 1: one hundred and eighty five dollars that was the IPO price,
Speaker 1: and they did close hire yesterday by about seventy percent.
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