Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the companies making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greyfell.
Speaker 3: All right, guys, let's go to some of the individual gainers,
Speaker 3: if I may. Micron Technology at its high six point
Speaker 3: seven percent, finishing the day with a gain of about
Speaker 3: three point seven percent. Here also the Philadelphia Semiconductor Index.
Speaker 3: We saw that average also higher on the day thanks
Speaker 3: to Micron.
Speaker 1: Now are all these chips actually made in Philadelphia that great?
Speaker 4: Just the cheese steak ones?
Speaker 3: Okay, yeah, I love cheesesteaks. Twenty five names in the
Speaker 3: socks hired today, five unchanged, So Micron, which reports on
Speaker 3: Wednesday shares her up lifted the group as a whole,
Speaker 3: especially those memory and storage companies as analyst optimism grows
Speaker 3: ahead of the chip maker's results later on this week.
Speaker 3: Stock is up around sixty percent year to date, so
Speaker 3: we are watching that sector throughout the week, and as
Speaker 3: I mentioned, the socks also up about two percent for
Speaker 3: the day overall. Moving on over to Dollar Tree and
Speaker 3: Dollar General, those names also hire today, Dollar Tree up
Speaker 3: about six and a half percent, best day since June.
Speaker 3: This one as it's announced its strategy to introduce higher
Speaker 3: priced item to is actually helping to increase its sales,
Speaker 3: especially with wealthier shoppers. So company shifting merchandise and stores
Speaker 3: to sell more goods in a range of three to
Speaker 3: five dollars, including toys and party supplies that booster results
Speaker 3: last quarter, So you have that at play. I also
Speaker 3: want to mention that The Independent was out on Dollar
Speaker 3: General and that one was up about two and a
Speaker 3: quarter percent. It's introducing a new store format designed to
Speaker 3: encourage customers to browse and treasure hunt before they make
Speaker 3: a purchase, and they're also planning to pilot a subscription
Speaker 3: program as part of its loyalty efforts, and they're going
Speaker 3: to open up some new stores in twenty twenty six,
Speaker 3: focus on rural area. So both of those names Hire
Speaker 3: and then for something a little bit different, ticker DSGR
Speaker 3: Distribution Solutions share soaring thirty five percent in today's session.
Speaker 3: It's a one point two billion dollar market cap industrial
Speaker 3: distribution company and it received a preliminary non binding proposal
Speaker 3: from LKCM Headwater Investments to basically buy it for twenty
Speaker 3: nine to fifty a share, But the stock did close
Speaker 3: at twenty six and change, so.
Speaker 1: I don't know.
Speaker 3: Maybe investors are expecting more. I don't know anyway, I
Speaker 3: just thought it was something different and interesting.
Speaker 4: You had so many gainers to choose from. I envy you.
Speaker 3: I know you, girl, you actually would have liked me.
Speaker 3: You know, remain you don't have anything to add, No, Carol,
Speaker 3: what's wrong?
Speaker 2: Billy?
Speaker 3: What's wrong with him?
Speaker 1: You were perfect today?
Speaker 4: Oh wait?
Speaker 3: Wait?
Speaker 2: What what that was?
Speaker 4: I didn't Okay, let's start with the decliner's. CF Industry
Speaker 4: is down five point six percent. This is a stock
Speaker 4: that's up close to sixty percent year Today, Scotiabank downgraded
Speaker 4: K and S and warned that CF industries and nutrient
Speaker 4: valuations are looking quote overstretched amid the rally since the
Speaker 4: conflict in Iran started once again. Fertilizer stocks fell today.
Speaker 4: CF Industry is falling by five point six percent and
Speaker 4: a little M and A news for my next one.
Speaker 4: Psaus It's public storage shares today fell by two point
Speaker 4: seven percent. This after the company agreed to acquire National
Speaker 4: Storage Affiliates Trust. It's an all stock deal worth about
Speaker 4: ten point five billion dollars in including debt. The combined
Speaker 4: company expected to have a combined to market value about
Speaker 4: fifty seven billion dollars in an enterprise value of seventy
Speaker 4: seven billion dollars in a late addition, this is an
Speaker 4: interesting one. One main holding shares. This is a company
Speaker 4: that is in the financial services industry. It does provides
Speaker 4: personal and auto loan products. Shares today fell by five
Speaker 4: point four percent. This after New York Attorney General Letitia James,
Speaker 4: along with a bipartisan coalision of twelve other ags, bought
Speaker 4: a lawsuit against the company and its units for allegedly
Speaker 4: misleading customers and trapping borrowers in expensive loans. Excuse me,
Speaker 4: with expensive and often useless additional products. That's what the
Speaker 4: suit alleges. We should note that one main financial out
Speaker 4: with the statement. They call this a meritless lawsuit brought
Speaker 4: by states, and they say the state's allegations are simply untrue.
Speaker 4: They're cas is wrong on the facts and wrong on
Speaker 4: the law, and attempts to relitigate issues that were already
Speaker 4: reviewed by the CFPB and fully resolved. We operate honestly
Speaker 4: and transparently, in full compliance with all laws and regulations.
Speaker 4: The statement continues, but that's the gist of it. Down
Speaker 4: five point four percent today, all right.
Speaker 1: Quick check on yields, of course, on a day where
Speaker 1: we saw oil actually decline, and we saw the dollar
Speaker 1: decline as well. In fact, the biggest drop that we've
Speaker 1: seen in the Bloomberg Dollar Spot Index in about a
Speaker 1: month and a half. Yields following lower as well, about
Speaker 1: four to five basis points, pretty much across the board
Speaker 1: ahead of that big FED decision day.
Speaker 2: On Wednesday, the Stockmovers Report from Bloomberg Radio. Check back
Speaker 2: with us throughout the day for the latest roundup of
Speaker 2: companies making news on Wall Street and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
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