WEBVTT - Closing Bell: Micron and Dollar Tree Rises, Public Storage Falls

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

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<v Speaker 2>This is the closing bell on this stock movers report

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<v Speaker 2>the companies making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greyfell.

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<v Speaker 3>All right, guys, let's go to some of the individual gainers,

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<v Speaker 3>if I may. Micron Technology at its high six point

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<v Speaker 3>seven percent, finishing the day with a gain of about

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<v Speaker 3>three point seven percent. Here also the Philadelphia Semiconductor Index.

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<v Speaker 3>We saw that average also higher on the day thanks

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<v Speaker 3>to Micron.

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<v Speaker 1>Now are all these chips actually made in Philadelphia that great?

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<v Speaker 4>Just the cheese steak ones?

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<v Speaker 3>Okay, yeah, I love cheesesteaks. Twenty five names in the

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<v Speaker 3>socks hired today, five unchanged, So Micron, which reports on

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<v Speaker 3>Wednesday shares her up lifted the group as a whole,

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<v Speaker 3>especially those memory and storage companies as analyst optimism grows

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<v Speaker 3>ahead of the chip maker's results later on this week.

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<v Speaker 3>Stock is up around sixty percent year to date, so

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<v Speaker 3>we are watching that sector throughout the week, and as

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<v Speaker 3>I mentioned, the socks also up about two percent for

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<v Speaker 3>the day overall. Moving on over to Dollar Tree and

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<v Speaker 3>Dollar General, those names also hire today, Dollar Tree up

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<v Speaker 3>about six and a half percent, best day since June.

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<v Speaker 3>This one as it's announced its strategy to introduce higher

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<v Speaker 3>priced item to is actually helping to increase its sales,

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<v Speaker 3>especially with wealthier shoppers. So company shifting merchandise and stores

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<v Speaker 3>to sell more goods in a range of three to

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<v Speaker 3>five dollars, including toys and party supplies that booster results

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<v Speaker 3>last quarter, So you have that at play. I also

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<v Speaker 3>want to mention that The Independent was out on Dollar

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<v Speaker 3>General and that one was up about two and a

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<v Speaker 3>quarter percent. It's introducing a new store format designed to

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<v Speaker 3>encourage customers to browse and treasure hunt before they make

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<v Speaker 3>a purchase, and they're also planning to pilot a subscription

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<v Speaker 3>program as part of its loyalty efforts, and they're going

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<v Speaker 3>to open up some new stores in twenty twenty six,

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<v Speaker 3>focus on rural area. So both of those names Hire

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<v Speaker 3>and then for something a little bit different, ticker DSGR

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<v Speaker 3>Distribution Solutions share soaring thirty five percent in today's session.

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<v Speaker 3>It's a one point two billion dollar market cap industrial

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<v Speaker 3>distribution company and it received a preliminary non binding proposal

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<v Speaker 3>from LKCM Headwater Investments to basically buy it for twenty

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<v Speaker 3>nine to fifty a share, But the stock did close

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<v Speaker 3>at twenty six and change, so.

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<v Speaker 1>I don't know.

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<v Speaker 3>Maybe investors are expecting more. I don't know anyway, I

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<v Speaker 3>just thought it was something different and interesting.

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<v Speaker 4>You had so many gainers to choose from. I envy you.

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<v Speaker 3>I know you, girl, you actually would have liked me.

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<v Speaker 3>You know, remain you don't have anything to add, No, Carol,

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<v Speaker 3>what's wrong?

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<v Speaker 2>Billy?

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<v Speaker 3>What's wrong with him?

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<v Speaker 1>You were perfect today?

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<v Speaker 4>Oh wait?

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<v Speaker 3>Wait?

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<v Speaker 2>What what that was?

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<v Speaker 4>I didn't Okay, let's start with the decliner's. CF Industry

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<v Speaker 4>is down five point six percent. This is a stock

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<v Speaker 4>that's up close to sixty percent year Today, Scotiabank downgraded

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<v Speaker 4>K and S and warned that CF industries and nutrient

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<v Speaker 4>valuations are looking quote overstretched amid the rally since the

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<v Speaker 4>conflict in Iran started once again. Fertilizer stocks fell today.

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<v Speaker 4>CF Industry is falling by five point six percent and

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<v Speaker 4>a little M and A news for my next one.

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<v Speaker 4>Psaus It's public storage shares today fell by two point

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<v Speaker 4>seven percent. This after the company agreed to acquire National

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<v Speaker 4>Storage Affiliates Trust. It's an all stock deal worth about

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<v Speaker 4>ten point five billion dollars in including debt. The combined

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<v Speaker 4>company expected to have a combined to market value about

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<v Speaker 4>fifty seven billion dollars in an enterprise value of seventy

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<v Speaker 4>seven billion dollars in a late addition, this is an

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<v Speaker 4>interesting one. One main holding shares. This is a company

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<v Speaker 4>that is in the financial services industry. It does provides

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<v Speaker 4>personal and auto loan products. Shares today fell by five

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<v Speaker 4>point four percent. This after New York Attorney General Letitia James,

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<v Speaker 4>along with a bipartisan coalision of twelve other ags, bought

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<v Speaker 4>a lawsuit against the company and its units for allegedly

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<v Speaker 4>misleading customers and trapping borrowers in expensive loans. Excuse me,

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<v Speaker 4>with expensive and often useless additional products. That's what the

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<v Speaker 4>suit alleges. We should note that one main financial out

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<v Speaker 4>with the statement. They call this a meritless lawsuit brought

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<v Speaker 4>by states, and they say the state's allegations are simply untrue.

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<v Speaker 4>They're cas is wrong on the facts and wrong on

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<v Speaker 4>the law, and attempts to relitigate issues that were already

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<v Speaker 4>reviewed by the CFPB and fully resolved. We operate honestly

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<v Speaker 4>and transparently, in full compliance with all laws and regulations.

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<v Speaker 4>The statement continues, but that's the gist of it. Down

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<v Speaker 4>five point four percent today, all right.

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<v Speaker 1>Quick check on yields, of course, on a day where

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<v Speaker 1>we saw oil actually decline, and we saw the dollar

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<v Speaker 1>decline as well. In fact, the biggest drop that we've

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<v Speaker 1>seen in the Bloomberg Dollar Spot Index in about a

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<v Speaker 1>month and a half. Yields following lower as well, about

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<v Speaker 1>four to five basis points, pretty much across the board

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<v Speaker 1>ahead of that big FED decision day.

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<v Speaker 2>On Wednesday, the Stockmovers Report from Bloomberg Radio. Check back

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<v Speaker 2>with us throughout the day for the latest roundup of

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<v Speaker 2>companies making news on Wall Street and for the latest

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<v Speaker 2>market moving headlines. Listen to Bloomberg Radio Live, catch us

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<v Speaker 2>on YouTube, Bloomberg dot com, and on Applecarplay and Android

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<v Speaker 2>Auto with the Bloomberg Business app.