1 00:00:02,480 --> 00:00:07,320 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:10,039 --> 00:00:13,520 Speaker 2: This is the closing bell on this stock movers report 3 00:00:13,760 --> 00:00:16,680 Speaker 2: the companies making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greyfell. 5 00:00:22,640 --> 00:00:25,080 Speaker 3: All right, guys, let's go to some of the individual gainers, 6 00:00:25,160 --> 00:00:28,360 Speaker 3: if I may. Micron Technology at its high six point 7 00:00:28,480 --> 00:00:30,920 Speaker 3: seven percent, finishing the day with a gain of about 8 00:00:30,960 --> 00:00:35,720 Speaker 3: three point seven percent. Here also the Philadelphia Semiconductor Index. 9 00:00:35,760 --> 00:00:38,800 Speaker 3: We saw that average also higher on the day thanks 10 00:00:38,840 --> 00:00:39,680 Speaker 3: to Micron. 11 00:00:39,840 --> 00:00:44,240 Speaker 1: Now are all these chips actually made in Philadelphia that great? 12 00:00:44,360 --> 00:00:45,360 Speaker 4: Just the cheese steak ones? 13 00:00:45,440 --> 00:00:49,320 Speaker 3: Okay, yeah, I love cheesesteaks. Twenty five names in the 14 00:00:49,400 --> 00:00:53,599 Speaker 3: socks hired today, five unchanged, So Micron, which reports on 15 00:00:53,720 --> 00:00:57,440 Speaker 3: Wednesday shares her up lifted the group as a whole, 16 00:00:57,520 --> 00:01:01,000 Speaker 3: especially those memory and storage companies as analyst optimism grows 17 00:01:01,040 --> 00:01:03,880 Speaker 3: ahead of the chip maker's results later on this week. 18 00:01:03,960 --> 00:01:07,080 Speaker 3: Stock is up around sixty percent year to date, so 19 00:01:07,120 --> 00:01:09,200 Speaker 3: we are watching that sector throughout the week, and as 20 00:01:09,200 --> 00:01:11,440 Speaker 3: I mentioned, the socks also up about two percent for 21 00:01:11,480 --> 00:01:15,240 Speaker 3: the day overall. Moving on over to Dollar Tree and 22 00:01:15,400 --> 00:01:19,920 Speaker 3: Dollar General, those names also hire today, Dollar Tree up 23 00:01:19,959 --> 00:01:24,479 Speaker 3: about six and a half percent, best day since June. 24 00:01:25,520 --> 00:01:28,680 Speaker 3: This one as it's announced its strategy to introduce higher 25 00:01:28,720 --> 00:01:33,399 Speaker 3: priced item to is actually helping to increase its sales, 26 00:01:33,480 --> 00:01:36,880 Speaker 3: especially with wealthier shoppers. So company shifting merchandise and stores 27 00:01:36,920 --> 00:01:38,840 Speaker 3: to sell more goods in a range of three to 28 00:01:38,959 --> 00:01:42,520 Speaker 3: five dollars, including toys and party supplies that booster results 29 00:01:42,600 --> 00:01:44,960 Speaker 3: last quarter, So you have that at play. I also 30 00:01:45,040 --> 00:01:47,400 Speaker 3: want to mention that The Independent was out on Dollar 31 00:01:47,560 --> 00:01:49,400 Speaker 3: General and that one was up about two and a 32 00:01:49,440 --> 00:01:52,680 Speaker 3: quarter percent. It's introducing a new store format designed to 33 00:01:52,720 --> 00:01:56,520 Speaker 3: encourage customers to browse and treasure hunt before they make 34 00:01:57,000 --> 00:01:59,920 Speaker 3: a purchase, and they're also planning to pilot a subscription 35 00:02:00,160 --> 00:02:02,880 Speaker 3: program as part of its loyalty efforts, and they're going 36 00:02:02,920 --> 00:02:04,640 Speaker 3: to open up some new stores in twenty twenty six, 37 00:02:04,760 --> 00:02:07,080 Speaker 3: focus on rural area. So both of those names Hire 38 00:02:07,520 --> 00:02:10,959 Speaker 3: and then for something a little bit different, ticker DSGR 39 00:02:11,160 --> 00:02:15,920 Speaker 3: Distribution Solutions share soaring thirty five percent in today's session. 40 00:02:16,480 --> 00:02:19,079 Speaker 3: It's a one point two billion dollar market cap industrial 41 00:02:19,080 --> 00:02:22,720 Speaker 3: distribution company and it received a preliminary non binding proposal 42 00:02:22,760 --> 00:02:26,919 Speaker 3: from LKCM Headwater Investments to basically buy it for twenty 43 00:02:27,000 --> 00:02:28,880 Speaker 3: nine to fifty a share, But the stock did close 44 00:02:29,960 --> 00:02:31,440 Speaker 3: at twenty six and change, so. 45 00:02:31,720 --> 00:02:32,080 Speaker 1: I don't know. 46 00:02:32,120 --> 00:02:34,560 Speaker 3: Maybe investors are expecting more. I don't know anyway, I 47 00:02:34,600 --> 00:02:36,040 Speaker 3: just thought it was something different and interesting. 48 00:02:36,080 --> 00:02:38,519 Speaker 4: You had so many gainers to choose from. I envy you. 49 00:02:38,720 --> 00:02:41,160 Speaker 3: I know you, girl, you actually would have liked me. 50 00:02:41,680 --> 00:02:44,840 Speaker 3: You know, remain you don't have anything to add, No, Carol, 51 00:02:45,520 --> 00:02:46,000 Speaker 3: what's wrong? 52 00:02:46,120 --> 00:02:46,360 Speaker 2: Billy? 53 00:02:46,400 --> 00:02:47,480 Speaker 3: What's wrong with him? 54 00:02:48,040 --> 00:02:49,680 Speaker 1: You were perfect today? 55 00:02:49,720 --> 00:02:50,160 Speaker 4: Oh wait? 56 00:02:50,200 --> 00:02:50,440 Speaker 3: Wait? 57 00:02:50,480 --> 00:02:51,680 Speaker 2: What what that was? 58 00:02:51,919 --> 00:02:55,880 Speaker 4: I didn't Okay, let's start with the decliner's. CF Industry 59 00:02:55,919 --> 00:02:58,040 Speaker 4: is down five point six percent. This is a stock 60 00:02:58,080 --> 00:03:01,720 Speaker 4: that's up close to sixty percent year Today, Scotiabank downgraded 61 00:03:02,080 --> 00:03:05,120 Speaker 4: K and S and warned that CF industries and nutrient 62 00:03:05,240 --> 00:03:08,080 Speaker 4: valuations are looking quote overstretched amid the rally since the 63 00:03:08,120 --> 00:03:12,760 Speaker 4: conflict in Iran started once again. Fertilizer stocks fell today. 64 00:03:13,000 --> 00:03:16,079 Speaker 4: CF Industry is falling by five point six percent and 65 00:03:16,160 --> 00:03:18,160 Speaker 4: a little M and A news for my next one. 66 00:03:18,560 --> 00:03:22,320 Speaker 4: Psaus It's public storage shares today fell by two point 67 00:03:22,520 --> 00:03:25,680 Speaker 4: seven percent. This after the company agreed to acquire National 68 00:03:25,680 --> 00:03:28,640 Speaker 4: Storage Affiliates Trust. It's an all stock deal worth about 69 00:03:28,680 --> 00:03:31,920 Speaker 4: ten point five billion dollars in including debt. The combined 70 00:03:31,919 --> 00:03:34,280 Speaker 4: company expected to have a combined to market value about 71 00:03:34,440 --> 00:03:37,600 Speaker 4: fifty seven billion dollars in an enterprise value of seventy 72 00:03:37,640 --> 00:03:40,960 Speaker 4: seven billion dollars in a late addition, this is an 73 00:03:41,000 --> 00:03:44,440 Speaker 4: interesting one. One main holding shares. This is a company 74 00:03:44,480 --> 00:03:48,200 Speaker 4: that is in the financial services industry. It does provides 75 00:03:48,280 --> 00:03:51,800 Speaker 4: personal and auto loan products. Shares today fell by five 76 00:03:51,880 --> 00:03:55,240 Speaker 4: point four percent. This after New York Attorney General Letitia James, 77 00:03:55,280 --> 00:03:58,920 Speaker 4: along with a bipartisan coalision of twelve other ags, bought 78 00:03:58,920 --> 00:04:01,680 Speaker 4: a lawsuit against the company and its units for allegedly 79 00:04:01,760 --> 00:04:08,520 Speaker 4: misleading customers and trapping borrowers in expensive loans. Excuse me, 80 00:04:08,560 --> 00:04:11,680 Speaker 4: with expensive and often useless additional products. That's what the 81 00:04:11,880 --> 00:04:15,600 Speaker 4: suit alleges. We should note that one main financial out 82 00:04:15,600 --> 00:04:18,880 Speaker 4: with the statement. They call this a meritless lawsuit brought 83 00:04:18,920 --> 00:04:21,840 Speaker 4: by states, and they say the state's allegations are simply untrue. 84 00:04:21,880 --> 00:04:24,560 Speaker 4: They're cas is wrong on the facts and wrong on 85 00:04:24,640 --> 00:04:27,159 Speaker 4: the law, and attempts to relitigate issues that were already 86 00:04:27,200 --> 00:04:30,960 Speaker 4: reviewed by the CFPB and fully resolved. We operate honestly 87 00:04:31,400 --> 00:04:35,440 Speaker 4: and transparently, in full compliance with all laws and regulations. 88 00:04:35,800 --> 00:04:39,119 Speaker 4: The statement continues, but that's the gist of it. Down 89 00:04:39,480 --> 00:04:41,400 Speaker 4: five point four percent today, all right. 90 00:04:41,480 --> 00:04:43,400 Speaker 1: Quick check on yields, of course, on a day where 91 00:04:43,440 --> 00:04:46,120 Speaker 1: we saw oil actually decline, and we saw the dollar 92 00:04:46,200 --> 00:04:48,200 Speaker 1: decline as well. In fact, the biggest drop that we've 93 00:04:48,200 --> 00:04:50,520 Speaker 1: seen in the Bloomberg Dollar Spot Index in about a 94 00:04:50,520 --> 00:04:53,479 Speaker 1: month and a half. Yields following lower as well, about 95 00:04:53,480 --> 00:04:56,200 Speaker 1: four to five basis points, pretty much across the board 96 00:04:56,200 --> 00:04:58,760 Speaker 1: ahead of that big FED decision day. 97 00:04:58,680 --> 00:05:05,000 Speaker 2: On Wednesday, the Stockmovers Report from Bloomberg Radio. Check back 98 00:05:05,040 --> 00:05:07,240 Speaker 2: with us throughout the day for the latest roundup of 99 00:05:07,320 --> 00:05:10,599 Speaker 2: companies making news on Wall Street and for the latest 100 00:05:10,640 --> 00:05:14,840 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 101 00:05:14,880 --> 00:05:18,599 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 102 00:05:18,640 --> 00:05:20,599 Speaker 2: Auto with the Bloomberg Business app.