1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:09,800 --> 00:00:13,240 Speaker 2: This is a closing bell on the Stock Movers podcast. 3 00:00:13,600 --> 00:00:16,560 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,360 Speaker 2: with Carol Master, Tim Stenobeck, Romain Bostic, and Scarlet Food. 5 00:00:22,360 --> 00:00:24,520 Speaker 3: Let's get to some of the individual gainers and check 6 00:00:24,520 --> 00:00:26,520 Speaker 3: it out because some of them kind of hitting a 7 00:00:26,680 --> 00:00:31,680 Speaker 3: most significant relative significant milestones to some extent. Let's go 8 00:00:31,720 --> 00:00:34,960 Speaker 3: to coinbase because it shares is they are up almost 9 00:00:34,960 --> 00:00:36,880 Speaker 3: twenty four percent here in today's session. 10 00:00:36,920 --> 00:00:37,479 Speaker 4: We know what the news is. 11 00:00:37,479 --> 00:00:38,239 Speaker 3: They're going to be set up. 12 00:00:38,240 --> 00:00:39,480 Speaker 1: It's twenty three point ninety seven. 13 00:00:40,400 --> 00:00:44,160 Speaker 3: I set twenty four percent, all right, so a big gain. 14 00:00:44,600 --> 00:00:46,040 Speaker 3: This company's going to join the S and P five 15 00:00:46,120 --> 00:00:49,280 Speaker 3: hundred that will happen on May nineteenth, kind of making 16 00:00:49,320 --> 00:00:49,839 Speaker 3: it legitimate. 17 00:00:49,840 --> 00:00:50,120 Speaker 2: I don't know. 18 00:00:50,159 --> 00:00:52,560 Speaker 3: We had a big conversation about crypto kind of going 19 00:00:52,560 --> 00:00:54,800 Speaker 3: into its legitimate phase because it just seems that way 20 00:00:54,920 --> 00:00:56,840 Speaker 3: S and P five hundred. Hey, folks, if you're in 21 00:00:56,880 --> 00:00:59,680 Speaker 3: an index fund, you now will start to own a 22 00:00:59,720 --> 00:01:02,959 Speaker 3: piece of crypto if you didn't before. Anyway, Coinbase best 23 00:01:03,040 --> 00:01:05,520 Speaker 3: day since the presidential election, So that was definitely some 24 00:01:05,640 --> 00:01:09,080 Speaker 3: outperformance there. Another one first Solar. I've been looking at 25 00:01:09,080 --> 00:01:11,959 Speaker 3: the all energy space in a big way for solar 26 00:01:12,000 --> 00:01:14,399 Speaker 3: guys of twenty two percent in the past five days, 27 00:01:14,400 --> 00:01:17,920 Speaker 3: this stock is up about fifty percent. Rounding it up 28 00:01:18,040 --> 00:01:20,559 Speaker 3: for you, remain up about fifty percent in the past 29 00:01:20,600 --> 00:01:22,320 Speaker 3: five days. So it has been on a tear in 30 00:01:22,360 --> 00:01:25,360 Speaker 3: this one, having its biggest gain in two years. A 31 00:01:25,360 --> 00:01:28,119 Speaker 3: couple of things going on. JP Morgan coming out saying 32 00:01:28,120 --> 00:01:31,080 Speaker 3: the US budget reconciliation build better than the more bullish 33 00:01:31,160 --> 00:01:36,480 Speaker 3: end of investor expectations for solar for win and geothermal firms. Also, 34 00:01:36,560 --> 00:01:39,640 Speaker 3: yet Wolf Research coming out upgrading the stock to outperform 35 00:01:39,640 --> 00:01:41,880 Speaker 3: and announcing it two hundred and twenty one dollar a 36 00:01:42,000 --> 00:01:44,720 Speaker 3: share price Target stock closing at one hundred and ninety 37 00:01:44,720 --> 00:01:48,200 Speaker 3: one and change. So really some outperformance and one more 38 00:01:48,240 --> 00:01:52,160 Speaker 3: for you, super Micro. It's up sixteen percent in today's session. 39 00:01:52,240 --> 00:01:56,680 Speaker 3: Raymond James initiating coverage the firm within outperform, saying it 40 00:01:56,680 --> 00:02:00,880 Speaker 3: has emerged as a market leader in AI optimized infrastructure 41 00:02:01,080 --> 00:02:04,040 Speaker 3: and the ANAS, also saying super Micro's positioned itself in 42 00:02:04,080 --> 00:02:07,560 Speaker 3: a sweet spot between branded IT suppliers such as Dell 43 00:02:07,600 --> 00:02:11,280 Speaker 3: and contract manufacturers like Quanta. Price Target said at forty one. 44 00:02:11,320 --> 00:02:14,560 Speaker 3: They say the share is undervalued. Stock closing at thirty 45 00:02:14,600 --> 00:02:17,160 Speaker 3: eight eighty nine to almost thirty nine dollars this year. 46 00:02:17,320 --> 00:02:19,639 Speaker 4: Okay, you had the easy job with the gainers. Certainly 47 00:02:19,760 --> 00:02:21,760 Speaker 4: there were some prominent decliners. Do you want to start with? 48 00:02:21,919 --> 00:02:26,639 Speaker 4: United Health Group shares dragging the dow down today, shares 49 00:02:26,639 --> 00:02:30,320 Speaker 4: falling seventeen point eight percent, closing up the lowest going 50 00:02:30,360 --> 00:02:32,840 Speaker 4: back to February of twenty twenty one. This brings the 51 00:02:32,840 --> 00:02:37,840 Speaker 4: decline from its record down fifty percent. The company did 52 00:02:38,040 --> 00:02:40,280 Speaker 4: fall after it replaced in CEO Andrew Whittie with a 53 00:02:40,320 --> 00:02:43,920 Speaker 4: former CEO, Stephen Hemsley. It also suspended earning's guidance and 54 00:02:43,960 --> 00:02:47,720 Speaker 4: cited unexpected medical costs and challenges with its medicare strategy. 55 00:02:48,560 --> 00:02:51,520 Speaker 4: The company stock down about forty percent so far this year. 56 00:02:51,520 --> 00:02:54,480 Speaker 4: It also revised its forecast, and it raised questions about 57 00:02:54,520 --> 00:02:57,960 Speaker 4: its ability to anticipate and manage patient's expenses despite its 58 00:02:58,000 --> 00:03:02,600 Speaker 4: size and reach. Also hurts on my radar today, shares 59 00:03:02,600 --> 00:03:05,480 Speaker 4: falling about seventeen percent this after the company posted a 60 00:03:05,600 --> 00:03:07,840 Speaker 4: larger than expected loss in the first quarter, was driven 61 00:03:07,880 --> 00:03:11,000 Speaker 4: by a slowdown in customer bookings and a thirteen percent 62 00:03:11,080 --> 00:03:14,320 Speaker 4: revenue decline. Shares are up close to sixty percent so 63 00:03:14,400 --> 00:03:17,240 Speaker 4: far this year. Just a reminder, pershing at Square Capital 64 00:03:17,280 --> 00:03:20,720 Speaker 4: Management of Bill Ackman has amounced a nearly twenty percent 65 00:03:20,760 --> 00:03:23,359 Speaker 4: stake in Hurtz in a part that's a bet the 66 00:03:23,400 --> 00:03:26,480 Speaker 4: tariffs will drive up the value of Hertz's fleet once again. 67 00:03:26,480 --> 00:03:29,519 Speaker 4: Shares falling today by about seventeen percent. And this is 68 00:03:29,520 --> 00:03:34,440 Speaker 4: an interesting one. Igtus International Game Technology. They make slot 69 00:03:34,480 --> 00:03:36,960 Speaker 4: machines and other gambling tech. It's about a three point 70 00:03:37,000 --> 00:03:40,240 Speaker 4: three billion dollar market cap company out of Providence. Shares 71 00:03:40,240 --> 00:03:43,440 Speaker 4: fell about ten percent today, as much earlier in this session, 72 00:03:43,480 --> 00:03:46,800 Speaker 4: about fifteen percent this after the company said its full 73 00:03:46,840 --> 00:03:48,960 Speaker 4: year revenue will be at the lower end of previously 74 00:03:49,040 --> 00:03:49,880 Speaker 4: issued guidance. 75 00:03:49,960 --> 00:03:51,640 Speaker 5: All right, let's go quickly to the bond market. Here, 76 00:03:51,800 --> 00:03:53,960 Speaker 5: not a lot happened, but what didn't happen was also 77 00:03:54,040 --> 00:03:56,120 Speaker 5: quite interesting. We hit that four percent level on the 78 00:03:56,160 --> 00:03:58,880 Speaker 5: two year and nothing and it stayed right there, despite 79 00:03:58,880 --> 00:04:01,320 Speaker 5: the fact that we got a weaker than expected a CPI, 80 00:04:01,360 --> 00:04:03,480 Speaker 5: which in theory could be good news. Right, if inflation's 81 00:04:03,520 --> 00:04:05,880 Speaker 5: less of a problem, maybe the Fed can actually cut 82 00:04:05,960 --> 00:04:08,360 Speaker 5: One would have thought that maybe a yield would be lower. 83 00:04:08,400 --> 00:04:10,440 Speaker 5: I also want to highlight the dollar, the Bloomberg dollar 84 00:04:10,480 --> 00:04:13,720 Speaker 5: in next guys, jumping a full one percentage point. That's 85 00:04:13,720 --> 00:04:17,479 Speaker 5: the biggest jump since April eleventh, so right around the 86 00:04:17,920 --> 00:04:19,599 Speaker 5: walk back from Liberation Day. 87 00:04:20,040 --> 00:04:21,800 Speaker 1: And just want to point out too, when we talk 88 00:04:21,839 --> 00:04:23,720 Speaker 1: about just the shift and sentiment, you were going through 89 00:04:23,720 --> 00:04:25,719 Speaker 1: the decliners, tim and it's interesting to see most of 90 00:04:25,720 --> 00:04:28,279 Speaker 1: the decliners were a lot of those defensive names that 91 00:04:28,400 --> 00:04:30,400 Speaker 1: had been bid up with a lot of consumer staples, 92 00:04:30,400 --> 00:04:33,280 Speaker 1: obviously healthcare as well as some of those auto parts names. 93 00:04:33,400 --> 00:04:35,520 Speaker 1: But then also the shift and sentiment to the upside 94 00:04:35,520 --> 00:04:37,920 Speaker 1: that's having a material effect as well for the IPO market. 95 00:04:37,920 --> 00:04:40,600 Speaker 1: We're getting the headline right now that the fintech company 96 00:04:40,680 --> 00:04:42,440 Speaker 1: Chime but just a few weeks said it was going 97 00:04:42,520 --> 00:04:46,000 Speaker 1: to postpone its IPO now saying it's going forward. It 98 00:04:46,040 --> 00:04:49,600 Speaker 1: made the full filing now with the file on the Nasdaq. 99 00:04:49,920 --> 00:04:51,000 Speaker 2: I remember, just. 100 00:04:51,440 --> 00:04:53,720 Speaker 1: If I remember correctly get my dates right, just maybe 101 00:04:53,760 --> 00:04:55,760 Speaker 1: three weeks ago it had actually said that it was 102 00:04:55,800 --> 00:04:57,400 Speaker 1: not actually going to follow through with that at least 103 00:04:57,440 --> 00:05:00,320 Speaker 1: not any time soon, but now apparently back in play here. 104 00:05:00,640 --> 00:05:01,960 Speaker 1: So interesting shifting sentiment. 105 00:05:02,040 --> 00:05:04,400 Speaker 3: Yeah, Bloomberg pointing out kind of late last year that 106 00:05:05,040 --> 00:05:07,600 Speaker 3: it had about a twenty five billion dollar valuation back 107 00:05:07,600 --> 00:05:09,520 Speaker 3: in twenty twenty one. That was the peak of kind 108 00:05:09,520 --> 00:05:11,320 Speaker 3: of the tech boom, and then that faded. So it'll 109 00:05:11,320 --> 00:05:13,599 Speaker 3: be interesting to see as we get more details in 110 00:05:13,680 --> 00:05:15,280 Speaker 3: terms of the financials on that one. 111 00:05:16,839 --> 00:05:21,000 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 112 00:05:21,080 --> 00:05:23,839 Speaker 2: us throughout the day for the latest roundup of companies 113 00:05:23,880 --> 00:05:26,920 Speaker 2: making news on Wall Street and for the latest market 114 00:05:26,960 --> 00:05:31,280 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 115 00:05:31,360 --> 00:05:34,599 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 116 00:05:34,680 --> 00:05:36,159 Speaker 2: the Bloomberg Business app.