WEBVTT - Closing Bell: Coinbase Rises, First Solar Soars, Hertz Tumbles 

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

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<v Speaker 2>This is a closing bell on the Stock Movers podcast.

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<v Speaker 2>The company's making moves at the close of US trading

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<v Speaker 2>with Carol Master, Tim Stenobeck, Romain Bostic, and Scarlet Food.

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<v Speaker 3>Let's get to some of the individual gainers and check

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<v Speaker 3>it out because some of them kind of hitting a

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<v Speaker 3>most significant relative significant milestones to some extent. Let's go

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<v Speaker 3>to coinbase because it shares is they are up almost

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<v Speaker 3>twenty four percent here in today's session.

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<v Speaker 4>We know what the news is.

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<v Speaker 3>They're going to be set up.

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<v Speaker 1>It's twenty three point ninety seven.

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<v Speaker 3>I set twenty four percent, all right, so a big gain.

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<v Speaker 3>This company's going to join the S and P five

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<v Speaker 3>hundred that will happen on May nineteenth, kind of making

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<v Speaker 3>it legitimate.

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<v Speaker 2>I don't know.

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<v Speaker 3>We had a big conversation about crypto kind of going

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<v Speaker 3>into its legitimate phase because it just seems that way

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<v Speaker 3>S and P five hundred. Hey, folks, if you're in

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<v Speaker 3>an index fund, you now will start to own a

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<v Speaker 3>piece of crypto if you didn't before. Anyway, Coinbase best

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<v Speaker 3>day since the presidential election, So that was definitely some

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<v Speaker 3>outperformance there. Another one first Solar. I've been looking at

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<v Speaker 3>the all energy space in a big way for solar

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<v Speaker 3>guys of twenty two percent in the past five days,

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<v Speaker 3>this stock is up about fifty percent. Rounding it up

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<v Speaker 3>for you, remain up about fifty percent in the past

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<v Speaker 3>five days. So it has been on a tear in

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<v Speaker 3>this one, having its biggest gain in two years. A

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<v Speaker 3>couple of things going on. JP Morgan coming out saying

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<v Speaker 3>the US budget reconciliation build better than the more bullish

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<v Speaker 3>end of investor expectations for solar for win and geothermal firms. Also,

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<v Speaker 3>yet Wolf Research coming out upgrading the stock to outperform

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<v Speaker 3>and announcing it two hundred and twenty one dollar a

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<v Speaker 3>share price Target stock closing at one hundred and ninety

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<v Speaker 3>one and change. So really some outperformance and one more

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<v Speaker 3>for you, super Micro. It's up sixteen percent in today's session.

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<v Speaker 3>Raymond James initiating coverage the firm within outperform, saying it

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<v Speaker 3>has emerged as a market leader in AI optimized infrastructure

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<v Speaker 3>and the ANAS, also saying super Micro's positioned itself in

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<v Speaker 3>a sweet spot between branded IT suppliers such as Dell

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<v Speaker 3>and contract manufacturers like Quanta. Price Target said at forty one.

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<v Speaker 3>They say the share is undervalued. Stock closing at thirty

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<v Speaker 3>eight eighty nine to almost thirty nine dollars this year.

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<v Speaker 4>Okay, you had the easy job with the gainers. Certainly

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<v Speaker 4>there were some prominent decliners. Do you want to start with?

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<v Speaker 4>United Health Group shares dragging the dow down today, shares

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<v Speaker 4>falling seventeen point eight percent, closing up the lowest going

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<v Speaker 4>back to February of twenty twenty one. This brings the

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<v Speaker 4>decline from its record down fifty percent. The company did

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<v Speaker 4>fall after it replaced in CEO Andrew Whittie with a

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<v Speaker 4>former CEO, Stephen Hemsley. It also suspended earning's guidance and

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<v Speaker 4>cited unexpected medical costs and challenges with its medicare strategy.

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<v Speaker 4>The company stock down about forty percent so far this year.

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<v Speaker 4>It also revised its forecast, and it raised questions about

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<v Speaker 4>its ability to anticipate and manage patient's expenses despite its

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<v Speaker 4>size and reach. Also hurts on my radar today, shares

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<v Speaker 4>falling about seventeen percent this after the company posted a

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<v Speaker 4>larger than expected loss in the first quarter, was driven

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<v Speaker 4>by a slowdown in customer bookings and a thirteen percent

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<v Speaker 4>revenue decline. Shares are up close to sixty percent so

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<v Speaker 4>far this year. Just a reminder, pershing at Square Capital

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<v Speaker 4>Management of Bill Ackman has amounced a nearly twenty percent

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<v Speaker 4>stake in Hurtz in a part that's a bet the

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<v Speaker 4>tariffs will drive up the value of Hertz's fleet once again.

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<v Speaker 4>Shares falling today by about seventeen percent. And this is

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<v Speaker 4>an interesting one. Igtus International Game Technology. They make slot

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<v Speaker 4>machines and other gambling tech. It's about a three point

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<v Speaker 4>three billion dollar market cap company out of Providence. Shares

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<v Speaker 4>fell about ten percent today, as much earlier in this session,

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<v Speaker 4>about fifteen percent this after the company said its full

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<v Speaker 4>year revenue will be at the lower end of previously

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<v Speaker 4>issued guidance.

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<v Speaker 5>All right, let's go quickly to the bond market. Here,

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<v Speaker 5>not a lot happened, but what didn't happen was also

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<v Speaker 5>quite interesting. We hit that four percent level on the

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<v Speaker 5>two year and nothing and it stayed right there, despite

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<v Speaker 5>the fact that we got a weaker than expected a CPI,

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<v Speaker 5>which in theory could be good news. Right, if inflation's

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<v Speaker 5>less of a problem, maybe the Fed can actually cut

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<v Speaker 5>One would have thought that maybe a yield would be lower.

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<v Speaker 5>I also want to highlight the dollar, the Bloomberg dollar

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<v Speaker 5>in next guys, jumping a full one percentage point. That's

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<v Speaker 5>the biggest jump since April eleventh, so right around the

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<v Speaker 5>walk back from Liberation Day.

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<v Speaker 1>And just want to point out too, when we talk

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<v Speaker 1>about just the shift and sentiment, you were going through

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<v Speaker 1>the decliners, tim and it's interesting to see most of

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<v Speaker 1>the decliners were a lot of those defensive names that

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<v Speaker 1>had been bid up with a lot of consumer staples,

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<v Speaker 1>obviously healthcare as well as some of those auto parts names.

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<v Speaker 1>But then also the shift and sentiment to the upside

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<v Speaker 1>that's having a material effect as well for the IPO market.

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<v Speaker 1>We're getting the headline right now that the fintech company

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<v Speaker 1>Chime but just a few weeks said it was going

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<v Speaker 1>to postpone its IPO now saying it's going forward. It

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<v Speaker 1>made the full filing now with the file on the Nasdaq.

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<v Speaker 2>I remember, just.

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<v Speaker 1>If I remember correctly get my dates right, just maybe

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<v Speaker 1>three weeks ago it had actually said that it was

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<v Speaker 1>not actually going to follow through with that at least

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<v Speaker 1>not any time soon, but now apparently back in play here.

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<v Speaker 1>So interesting shifting sentiment.

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<v Speaker 3>Yeah, Bloomberg pointing out kind of late last year that

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<v Speaker 3>it had about a twenty five billion dollar valuation back

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<v Speaker 3>in twenty twenty one. That was the peak of kind

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<v Speaker 3>of the tech boom, and then that faded. So it'll

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<v Speaker 3>be interesting to see as we get more details in

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<v Speaker 3>terms of the financials on that one.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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