Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: This is a closing bell on the Stock Movers podcast.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Master, Tim Stenobeck, Romain Bostic, and Scarlet Food.
Speaker 3: Let's get to some of the individual gainers and check
Speaker 3: it out because some of them kind of hitting a
Speaker 3: most significant relative significant milestones to some extent. Let's go
Speaker 3: to coinbase because it shares is they are up almost
Speaker 3: twenty four percent here in today's session.
Speaker 4: We know what the news is.
Speaker 3: They're going to be set up.
Speaker 1: It's twenty three point ninety seven.
Speaker 3: I set twenty four percent, all right, so a big gain.
Speaker 3: This company's going to join the S and P five
Speaker 3: hundred that will happen on May nineteenth, kind of making
Speaker 3: it legitimate.
Speaker 2: I don't know.
Speaker 3: We had a big conversation about crypto kind of going
Speaker 3: into its legitimate phase because it just seems that way
Speaker 3: S and P five hundred. Hey, folks, if you're in
Speaker 3: an index fund, you now will start to own a
Speaker 3: piece of crypto if you didn't before. Anyway, Coinbase best
Speaker 3: day since the presidential election, So that was definitely some
Speaker 3: outperformance there. Another one first Solar. I've been looking at
Speaker 3: the all energy space in a big way for solar
Speaker 3: guys of twenty two percent in the past five days,
Speaker 3: this stock is up about fifty percent. Rounding it up
Speaker 3: for you, remain up about fifty percent in the past
Speaker 3: five days. So it has been on a tear in
Speaker 3: this one, having its biggest gain in two years. A
Speaker 3: couple of things going on. JP Morgan coming out saying
Speaker 3: the US budget reconciliation build better than the more bullish
Speaker 3: end of investor expectations for solar for win and geothermal firms. Also,
Speaker 3: yet Wolf Research coming out upgrading the stock to outperform
Speaker 3: and announcing it two hundred and twenty one dollar a
Speaker 3: share price Target stock closing at one hundred and ninety
Speaker 3: one and change. So really some outperformance and one more
Speaker 3: for you, super Micro. It's up sixteen percent in today's session.
Speaker 3: Raymond James initiating coverage the firm within outperform, saying it
Speaker 3: has emerged as a market leader in AI optimized infrastructure
Speaker 3: and the ANAS, also saying super Micro's positioned itself in
Speaker 3: a sweet spot between branded IT suppliers such as Dell
Speaker 3: and contract manufacturers like Quanta. Price Target said at forty one.
Speaker 3: They say the share is undervalued. Stock closing at thirty
Speaker 3: eight eighty nine to almost thirty nine dollars this year.
Speaker 4: Okay, you had the easy job with the gainers. Certainly
Speaker 4: there were some prominent decliners. Do you want to start with?
Speaker 4: United Health Group shares dragging the dow down today, shares
Speaker 4: falling seventeen point eight percent, closing up the lowest going
Speaker 4: back to February of twenty twenty one. This brings the
Speaker 4: decline from its record down fifty percent. The company did
Speaker 4: fall after it replaced in CEO Andrew Whittie with a
Speaker 4: former CEO, Stephen Hemsley. It also suspended earning's guidance and
Speaker 4: cited unexpected medical costs and challenges with its medicare strategy.
Speaker 4: The company stock down about forty percent so far this year.
Speaker 4: It also revised its forecast, and it raised questions about
Speaker 4: its ability to anticipate and manage patient's expenses despite its
Speaker 4: size and reach. Also hurts on my radar today, shares
Speaker 4: falling about seventeen percent this after the company posted a
Speaker 4: larger than expected loss in the first quarter, was driven
Speaker 4: by a slowdown in customer bookings and a thirteen percent
Speaker 4: revenue decline. Shares are up close to sixty percent so
Speaker 4: far this year. Just a reminder, pershing at Square Capital
Speaker 4: Management of Bill Ackman has amounced a nearly twenty percent
Speaker 4: stake in Hurtz in a part that's a bet the
Speaker 4: tariffs will drive up the value of Hertz's fleet once again.
Speaker 4: Shares falling today by about seventeen percent. And this is
Speaker 4: an interesting one. Igtus International Game Technology. They make slot
Speaker 4: machines and other gambling tech. It's about a three point
Speaker 4: three billion dollar market cap company out of Providence. Shares
Speaker 4: fell about ten percent today, as much earlier in this session,
Speaker 4: about fifteen percent this after the company said its full
Speaker 4: year revenue will be at the lower end of previously
Speaker 4: issued guidance.
Speaker 5: All right, let's go quickly to the bond market. Here,
Speaker 5: not a lot happened, but what didn't happen was also
Speaker 5: quite interesting. We hit that four percent level on the
Speaker 5: two year and nothing and it stayed right there, despite
Speaker 5: the fact that we got a weaker than expected a CPI,
Speaker 5: which in theory could be good news. Right, if inflation's
Speaker 5: less of a problem, maybe the Fed can actually cut
Speaker 5: One would have thought that maybe a yield would be lower.
Speaker 5: I also want to highlight the dollar, the Bloomberg dollar
Speaker 5: in next guys, jumping a full one percentage point. That's
Speaker 5: the biggest jump since April eleventh, so right around the
Speaker 5: walk back from Liberation Day.
Speaker 1: And just want to point out too, when we talk
Speaker 1: about just the shift and sentiment, you were going through
Speaker 1: the decliners, tim and it's interesting to see most of
Speaker 1: the decliners were a lot of those defensive names that
Speaker 1: had been bid up with a lot of consumer staples,
Speaker 1: obviously healthcare as well as some of those auto parts names.
Speaker 1: But then also the shift and sentiment to the upside
Speaker 1: that's having a material effect as well for the IPO market.
Speaker 1: We're getting the headline right now that the fintech company
Speaker 1: Chime but just a few weeks said it was going
Speaker 1: to postpone its IPO now saying it's going forward. It
Speaker 1: made the full filing now with the file on the Nasdaq.
Speaker 2: I remember, just.
Speaker 1: If I remember correctly get my dates right, just maybe
Speaker 1: three weeks ago it had actually said that it was
Speaker 1: not actually going to follow through with that at least
Speaker 1: not any time soon, but now apparently back in play here.
Speaker 1: So interesting shifting sentiment.
Speaker 3: Yeah, Bloomberg pointing out kind of late last year that
Speaker 3: it had about a twenty five billion dollar valuation back
Speaker 3: in twenty twenty one. That was the peak of kind
Speaker 3: of the tech boom, and then that faded. So it'll
Speaker 3: be interesting to see as we get more details in
Speaker 3: terms of the financials on that one.
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