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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this stock movers report

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Speaker 2: the company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenobeck, Romaine Bostic, and Scarlet Food.

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Speaker 3: Back to the S and P five hundred, I go,

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Speaker 3: and you've got kind of an even split again another day.

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Speaker 3: S and P five hundred, two hundred and sixty three

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Speaker 3: names to the upside guys, two hundred and thirty seven

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Speaker 3: to the downside, ktie three unchanged.

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Speaker 4: Let's take a look at the circle, because it's also

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Speaker 4: pretty much an even split, but visually represented, you can

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Speaker 4: see there is a lot more green than red. A

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Speaker 4: lot of that has to do with the fact that

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Speaker 4: tech communication services really outperforming today. That is a bright,

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Speaker 4: beautiful green. But then you take a look at what

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Speaker 4: didn't do too hot, and it was energy. This actually

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Speaker 4: was your outperformer yesterday, but that was your biggest loser

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Speaker 4: on a percent basis. Also consumer staples losing quite a

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Speaker 4: bit to day, down about seven tens ove percent. But

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Speaker 4: that just speaks to the risk on action.

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Speaker 3: Carol, all right, there's a lot agreen there. I had

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Speaker 3: a fair amount of things to choose from, but let's

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Speaker 3: go right to micro Technology Guys at its highs up

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Speaker 3: seventeen percent today, finishing with a gain of just over

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Speaker 3: ten percent, a top gainer in the S and P

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Speaker 3: five hundred and Nasdaq one hundred. As we know we

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Speaker 3: broke it down last night, the company gave an upbeat

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Speaker 3: forecast for the current quarter, signaling signaling surging demand and

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Speaker 3: supply shortages are allowing the company to charge more for products.

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Speaker 3: We saw that on top line in terms of growth,

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Speaker 3: We certainly saw that in margins, so appetite, the voracious

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Speaker 3: appetite for AI computing components definitely pushing Micron to the upside.

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Speaker 3: And then we just threw in the socks there because

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Speaker 3: that too some opp performance there up to and a

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Speaker 3: half percent in today's session. Speaking of a gainer Lulu,

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Speaker 3: let's go over there, if that was a top gainer

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Speaker 3: in the Nasdaq one hundred and that one at its

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Speaker 3: highs up eight point seven percent today, finishing with a

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Speaker 3: gain of about three and a half percent. This as

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Speaker 3: it came out that activist investor Ellied Investment Management has

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Speaker 3: built a stake of more than a billion dollars in

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Speaker 3: Lulu Lemon they've been working with the retail executive Jane Nilsen,

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Speaker 3: who is viewed as a potential CEO candidate to take

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Speaker 3: over for the CEO Calvin McDonald, who we know is

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Speaker 3: on his way out. But we know this is a

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Speaker 3: company that's dealt with slowing growth and some other issues,

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Speaker 3: a lot of competition in this space. Its stock is

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Speaker 3: down nearly fifty percent so far this year, and about

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Speaker 3: seven percent of the float is sure and then I

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Speaker 3: want to go to Trump Media and Technology. Check this

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Speaker 3: one out, up almost forty two percent in today's session.

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Speaker 3: This is kind of added to my list. A little

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Speaker 3: bit later on this as the company came out and

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Speaker 3: said it is getting into nuclear fusion. Who to thunk?

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Speaker 3: The company said it will merge with Thae Technologies. It's

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Speaker 3: a closely held fusion developer founded back in nineteen ninety eight.

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Speaker 3: It's a transaction valued at more than six billion dollars.

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Speaker 3: So of course Trump Media behind Truth Social, They're in

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Speaker 3: a bunch of other things, but again and kind of

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Speaker 3: pivoting the business expanding out into fusion. We talked with

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Speaker 3: their Will Wade and says, you know, fusion, it's a

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Speaker 3: while away, all right.

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Speaker 5: Those are the gainers some big gainers there. I got

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Speaker 5: a few decliners, including a pretty big one, HPQ, hp

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Speaker 5: Inc Down four percent today. Hardware stocks took a bit

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Speaker 5: of a hit today, some of them. Bloomberg Intelligence on

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Speaker 5: Wednesday did flag concerns about hpq's earnings, saying that fiscal

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Speaker 5: twenty twenty six CPS estimates have reset lower, reflecting expectations

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Speaker 5: of PC margin compression from dram inflation and tight supply,

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Speaker 5: hence Micron's good day, and these dynamics represent a thirty

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Speaker 5: cent hit to EPs. That's according to the company. Wujinhoe

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Speaker 5: wrote that of Bloomberg Intelligence, hp shares falling, hp Inc.

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Speaker 5: Falling four percent today. Burgenstock also taking a hit, down

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Speaker 5: eleven point three percent. It's worse day in more than

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Speaker 5: a year. This after the company predicted a slower pace

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Speaker 5: of sales growth in the coming year due to the

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Speaker 5: impact of a weaker US dollar and tariffs as well.

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Speaker 5: Burgenstock expects sales to probably rise by as much as

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Speaker 5: fifteen percent in fiscal twenty twenty six in constant currency terms.

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Speaker 5: That implies the annial revenue so shuch as two point

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Speaker 5: three five billion euros. It's slightly below analyst expectations. And finally,

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Speaker 5: Inspire Medical Systems. We talked to the CEO, Tim Herbert

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Speaker 5: quite frequently on our program. They make a medical device

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Speaker 5: to treat sleep apnea. Down nineteen and a half percent today.

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Speaker 5: This after two regional Medicare contractors remove the new higher

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Speaker 5: paying code that would affect Inspire's product to treat obstructive

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Speaker 5: sleep apnea. JP Morgan calls removal quote a disappointing reversal

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Speaker 5: that represents a significant reduction in reimbursement relative to expectations

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Speaker 5: for next year.

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Speaker 1: All right, we'll speaking of reversals, let's take a look

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Speaker 1: at yields. We did see a big drop in yields

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Speaker 1: around eight thirty am this morning when we got that

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Speaker 1: CPI data as well as the jobless claims numbers those

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Speaker 1: competed against each other, and you did see some of

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Speaker 1: the worst of that drop in yields peel back just

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Speaker 1: a bit. The net result of it all, they are

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Speaker 1: on your screen only down about two basis points on

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Speaker 1: your two year yield after being down as much as

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Speaker 1: six to seven basis points. Your ten year yield going

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Speaker 1: to close out the day down by about four basis points.

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Speaker 5: Yeah, really interesting.

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Speaker 4: To see that bid come into the bond market on

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Speaker 4: the heels of that CPI print. There were a lot

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Speaker 4: of nuances there. We know that it was muddied, if

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Speaker 4: you will, by the government shut down. I love the

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Speaker 4: headline on the Bloomberg terminal calling it basically a Swiss

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Speaker 4: cheese report.

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Speaker 1: But you take a look at.

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Speaker 4: The market reaction. I mean they're taking those numbers and

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Speaker 4: they're saying that, you know, perhaps the Fed is going

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Speaker 4: to hike a little bit more than maybe we expected

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Speaker 4: in twenty twenty six.

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Speaker 3: Yeah, kind of interesting. It was just yesterday, right, Remaine.

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Speaker 3: I think you highlighted that, you know, the S and

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Speaker 3: P five hundred dipping below that fifty day moving average,

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Speaker 3: while our Bill Maloney was just on with us too

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Speaker 3: and it just went back up above the fifty day

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Speaker 3: moving average. So trying to figure out this trend line

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Speaker 3: is something we'll have to watch into the new year.

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Speaker 1: Well, I was watching this too, because I mean, if

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Speaker 1: you remember, I mean, what was it a kind of

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Speaker 1: in mid November, we also had a retest to some

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Speaker 1: of those key moving averages, and you ended up getting

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Speaker 1: announced nice bounce off of it. I think the SMP

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Speaker 1: ended up roll in like six to seven percent after

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Speaker 1: hitting that line back in mid November. But it does

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Speaker 1: get to this idea that a lot of what we've

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Speaker 1: seen in this equity market has not been a true

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Speaker 1: sell off.

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Speaker 5: It's been much more of a.

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Speaker 1: Rotation, just a rotation out of those some higher weighted names,

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Speaker 1: which of course in drags everything down. But that money

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Speaker 1: has been as for the most part, stayed within the market.

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Speaker 5: Well, we're starting to get some targets for the S

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Speaker 5: and P five hundred for next year. We spoke to

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Speaker 5: Ryan Dietrich of the Carson Group. He was on our

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Speaker 5: show just a few minutes ago, and he's been right

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Speaker 5: for the past three years. He's very bullish when it

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Speaker 5: comes to his outlook, but he says, after a year,

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Speaker 5: and he's a technicals guy. So after a year like

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Speaker 5: we saw with the so called Liberation Day and the

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Speaker 5: lows of April and the rise since then, we're poised

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Speaker 5: to see an increase on the SMP next year of

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Speaker 5: ten to fifteen percent.

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Speaker 1: Hey, guys, I know we're waiting earnings out of FedEx

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Speaker 1: and Nike, but I want to get there was an

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Speaker 1: interesting story in the Bloomberg terminal. You guys are on

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Speaker 1: the radio, but for reasons that never explained to me,

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Speaker 1: also on TV. But this has been like a trend

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Speaker 1: now and you've seen this actually play out with podcasting

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Speaker 1: and YouTube is actually really kind of go all in

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Speaker 1: on this the idea that what used to be confined

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Speaker 1: to just you know your ears has now become video

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Speaker 1: as the main medium, and of course they have ridden

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Speaker 1: that wave to boost viewership and subscribership as well. Do

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Speaker 1: I do think we are getting ernest Own out.

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Speaker 4: Of FedEx, as much as I would love to go

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Speaker 4: into that a little bit more FedEx. Here's the red

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Speaker 4: headline on the Bloomberg terminal sees full year adjusted EPs

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Speaker 4: seventeen dollars eighty cents to nineteen dollars. Previously it had

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Speaker 4: seen seventeen dollars and twenty cents to nineteen dollars, so

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Speaker 4: bringing up the lower end of that range there, it

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Speaker 4: sees full year capex four and a half billion dollars.

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Speaker 4: That is in line with its previous guidance and estimates.

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Speaker 2: As well.

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Speaker 4: Adjusted operated income for the second quarter they see at

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Speaker 4: one point sixty one billion dollars. The estimate had been

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Speaker 4: for one point three six billion dollars. Really interesting to

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Speaker 4: see that guidance raise here, Tim.

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Speaker 5: All right, what's the stock doing? Up three point three

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Speaker 5: percent in the after hours. Up about three percent in

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Speaker 5: the after hours. Raj Subramanian, FedEx's president and CEO, said

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Speaker 5: the company delivered an outstanding second quarter, successfully executed our

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Speaker 5: growth strategy and advanced our network transformation while navigating a

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Speaker 5: highly challenging external environment. He continues to say is proud

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Speaker 5: of the team members worldwide for their commitment to FedEx.

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Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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