WEBVTT - Closing Bell: Dexcom Rises, Papa John's Gains, Ford's Big Rally Halts

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>All right, let's go to the S and P five hundred,

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<v Speaker 3>Just doing a refresh here on my Bloomberg most names

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<v Speaker 3>in the index lower today. Three hundred and sixty names

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<v Speaker 3>in the S and P five hundred, Guys losing ground

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<v Speaker 3>on this Friday, hundred and forty one to thepside, and

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<v Speaker 3>Isabelia too unchanged?

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<v Speaker 4>Looking at the I'm up, it's mostly red, but you

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<v Speaker 4>see pockets of green energy up by around seven tens

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<v Speaker 4>of one percent, but the rest is really down. Tech

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<v Speaker 4>is down by nearly two percent, Materials down by nearly

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<v Speaker 4>three percent. Health is also down by one percent. And

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<v Speaker 4>the list goes on, but definitely mostly rent there on

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<v Speaker 4>your screen.

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<v Speaker 3>Yeah, a ton of red there, all right. So let's

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<v Speaker 3>go to some of the gainers in today's session, And

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<v Speaker 3>I'm going to go to the number one gainer in

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<v Speaker 3>the S and P and the Nasdaq one hundred today,

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<v Speaker 3>and that is deck ticker as DXCM that stack up

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<v Speaker 3>at its highs more than nine percent today, but still

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<v Speaker 3>finishing with a gain of about six and a half

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<v Speaker 3>percent for the Friday trade. This is after the maker

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<v Speaker 3>of continuous glucose monitoring devices gave a long term growth

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<v Speaker 3>outlook at its investor day that impressed analysts. You also

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<v Speaker 3>had the activist investor, Elliott Investment Management, taking a stake

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<v Speaker 3>in the company and struck a settlement that will put

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<v Speaker 3>two independent directors on the board. That deal stipulates the

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<v Speaker 3>two will collaborate to point those two new directors who

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<v Speaker 3>will add board expertise in medical technologies and operations to

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<v Speaker 3>help the company scale. So keep in mind little perspective here.

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<v Speaker 3>The market cap for this company peaked above sixty three

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<v Speaker 3>billion back in twenty twenty one. It's this decline since then.

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<v Speaker 3>It has about a twenty three billion dollar market cap today,

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<v Speaker 3>and we've seen it cut its revenue outlook in recent

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<v Speaker 3>years citing some execution problems. We also saw a new

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<v Speaker 3>CEO takeover in January, the former CEO becoming executi chair.

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<v Speaker 3>So they've had a lot going on. But nonetheless, this

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<v Speaker 3>was a much more bullish day for Dexcom in today's session.

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<v Speaker 3>Let's flip it on over to you know, those glucose monitors.

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<v Speaker 3>I want to credit my co host, who's just brilliant

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<v Speaker 3>and he's razy. He's he's like, you got to do

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<v Speaker 3>dexcom and then you got to do this next story

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<v Speaker 3>because you got to talk about ice cream because sometimes

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<v Speaker 3>people eat ice cream have to have these glucose I.

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<v Speaker 1>Didn't say that far. I just thought it would paar nicely.

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<v Speaker 1>I'm almost like a fine wine.

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<v Speaker 3>I've got to get to pizza in a moment, because

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<v Speaker 3>you could also, you know, tie this together. Let's talk

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<v Speaker 3>about Magnum ice Cream. We did see this stock move

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<v Speaker 3>up almost eleven percent here at the close, finishing just

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<v Speaker 3>off its highs the most sense the stocks. December listening,

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<v Speaker 3>Rouyder's reported that the private equity firms, including Blackstone and Clayton, Doubleier,

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<v Speaker 3>and Rice, are exploring potential bids for the company. Royter's

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<v Speaker 3>siding people familiar with the matter, saying that the firms

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<v Speaker 3>are monitoring Magnums share price, waiting for summer sales before

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<v Speaker 3>deciding whether or not to pursue bids. Company spokesmen declined

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<v Speaker 3>to comment to Bloomberg. We should point out this record

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<v Speaker 3>Indy rally coming after Unilever spun off Magnum ice Cream

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<v Speaker 3>and a triple listing in Amsterdam, London, in New York

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<v Speaker 3>and December. But they own Ben and Jerry's. They own

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<v Speaker 3>I think Klondikes and.

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<v Speaker 1>Norm A Froyo kind of gal are you for nothing

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<v Speaker 1>like original tart no flavor.

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<v Speaker 3>Puppies like Froyo too. Oh, I'm just going to put

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<v Speaker 3>that out all right, and keeping with this theme, you

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<v Speaker 3>have some ice cream some nimes, you have ice cream

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<v Speaker 3>after pizza. Some Nimes you have ice cream before pizza.

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<v Speaker 3>In my house, all right, So Papa John's also hiring.

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<v Speaker 3>Today's session just up almost six point two percent. This

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<v Speaker 3>is again Reuter's. Well, they've been working hard. Rouyder's reported

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<v Speaker 3>investment firm Earth Capital working with the pizza chain's largest

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<v Speaker 3>US franchise, Z, who controls around ten percent of its

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<v Speaker 3>domestic restaurants, to take the company private. Royers cited three sources,

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<v Speaker 3>which it did not identify. So, yeah, this is going on.

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<v Speaker 3>So we'll see what happens with this one. Okay, I'm

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<v Speaker 3>just hungry now.

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<v Speaker 1>How about some socks?

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<v Speaker 2>Okay to eat?

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<v Speaker 1>No, you can't eat these chips. But the Philadelphia Semiconductor

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<v Speaker 1>Index off its worst levels to day, but still closed

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<v Speaker 1>down four percent. In fact, you had only four stocks

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<v Speaker 1>in the socks actually move higher today. Skyworks, Corvo, Stara,

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<v Speaker 1>and Qualcom Armholdings fell more than eight point four percent.

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<v Speaker 1>Nova fell eight point four percent. You had Intel fall

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<v Speaker 1>six percent. Look, the socks is still up this year

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<v Speaker 1>more than sixty percent. But a little bit of a

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<v Speaker 1>give back in chip names today. Finally, well not finally. Next,

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<v Speaker 1>let's talk about Ford. After surging more than twenty one

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<v Speaker 1>percent in the last couple of days, Ford shares are

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<v Speaker 1>taking a bit of a breather, finishing down today by

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<v Speaker 1>seven point five percent. It's actually the most in more

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<v Speaker 1>than a year, a bit of a cooling the enthusiasm

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<v Speaker 1>over for its potential to benefit from the boom and

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<v Speaker 1>energy demand for AI. Remember it was Ford's energy storage

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<v Speaker 1>business and possible future tie up with AI Hyperscalers that

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<v Speaker 1>led to this rally. Still, even with today's decline, Ford

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<v Speaker 1>shares are still more than eleven percent higher since the

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<v Speaker 1>close on Tuesday, that was the day before the rally started.

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<v Speaker 1>And speaking of rallies fizzling cerebras systems. After yesterday's blockbuster IPO,

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<v Speaker 1>I think we could call it shares felt today by

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<v Speaker 1>just about ten percent, still closing the day at about

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<v Speaker 1>two hundred and eighty dollars per share. Remember it was

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<v Speaker 1>one hundred and eighty five dollars that was the IPO price,

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<v Speaker 1>and they did close hire yesterday by about seventy percent.

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<v Speaker 2>The stockmover's report from Bloomberg Radio. Check back with us

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