Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: This is the closing bell on the stock Mover's report
Speaker 2: the companies making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.
Speaker 3: All right, guys, let's go to some of the individual gainers.
Speaker 3: I want to go to Palanteer. That was definitely one
Speaker 3: of the outperformers here, was up as much as two
Speaker 3: point eight percent intraday, finishing the day with a game
Speaker 3: of about one and a quarter percent. The company out
Speaker 3: saying it may turn to other AI models amid the
Speaker 3: spat between Anthropic and the Pentagon, So their CEO on
Speaker 3: CNBC saying, our products are integrated with Anthropic and in
Speaker 3: the future will probably be integrated with other large language models.
Speaker 3: So that's kind of going on as we know the
Speaker 3: government has pushedback on Anthropic. I also want to point
Speaker 3: out that the company did unveil a software pack with
Speaker 3: Nvidia a de fence partnerships to at an AI conference
Speaker 3: with a bunch of players in the space, including something
Speaker 3: like Gage Aerospace and a few others. So whether or
Speaker 3: not that was fundamentally why we're seeing the stock move up.
Speaker 3: Not quite sure, but it definitely wasn an outperformer. Investors
Speaker 3: swiping right on bumbled today. I know that's really bad,
Speaker 3: but I just wondered I was going to go there.
Speaker 3: Stock was up as much as forty nine percent intra day,
Speaker 3: finishing with a game of about thirty four percent. Three
Speaker 3: dollars and eighty one cents is where the stock closed today,
Speaker 3: surging biggest jump intra day since February of twenty twenty one,
Speaker 3: the online dating company. They did forecast even up for
Speaker 3: the first quarter that beat the average analyst estimate. JP
Speaker 3: Morgan upgrade the stock to neutral, while analysts broadly noted
Speaker 3: that the focus now shifts to upcoming product overhaul plan
Speaker 3: for later in the year. So Morgan Stanley also coming
Speaker 3: out say the company's financial starting to stabilize well. LightWave
Speaker 3: Logic ticker is LWLG. That one up about forty one
Speaker 3: percent here now about one billion dollar market cap. Company
Speaker 3: announced development agreement with Tower Semiconductor to enable leading high
Speaker 3: speed optical modulators. Stock is at more than one hundred
Speaker 3: percent year to date. Yeah. I don't know if you know,
Speaker 3: but they develop proprietary electro optic polymers and polymer photonic
Speaker 3: integrated circuit.
Speaker 1: Well fascinating. Yeah, I minded, I didn't.
Speaker 3: It has to do with faster transmission for Internet infrastructure,
Speaker 3: data centers and AI application.
Speaker 1: Yeah, I do find out a couple of honorable mentions. Yes,
Speaker 1: just so, given the bigest move that we saw in
Speaker 1: a lot of the chemical companies and the fertilizer company
Speaker 1: CF Industries closing out a record high today, having best
Speaker 1: day of going back to twenty twenty, and it was
Speaker 1: all those names mosaic and nutrient and others. And this
Speaker 1: has real potential economic impacts because of course we are
Speaker 1: right at the start of the spring planting season here
Speaker 1: at least in North America, so not having the fertilizer
Speaker 1: supplies within the next couple of weeks could actually have
Speaker 1: material impact.
Speaker 3: I think I did CF yesterday.
Speaker 1: Yeah, today's a new daker.
Speaker 4: Okay, I'm going to jump in here and talk about
Speaker 4: some of the stocks that move lower on the day today.
Speaker 4: I want to start with just the entire mag seven.
Speaker 4: It's actually down more than nine percent. Going back to
Speaker 4: those October highs. We had Tesla fall by more than
Speaker 4: three percent, Apple fall by two percent, Meta platforms down
Speaker 4: today by two point six percent. Every single name in
Speaker 4: the mag seven was lower on the day today. Speaking
Speaker 4: of every name lower, let's go to airlines, because airlines
Speaker 4: were all lower today. This is the S and P
Speaker 4: fifteen hundred composite index of airlines down four point three
Speaker 4: percent today. You had Southwest down more than seven point
Speaker 4: seven United Airlines down four point six percent, Delta down
Speaker 4: two percent, American down four and a half percent. We
Speaker 4: know jet fuel prices are going up, could be going up.
Speaker 4: That's a big expense for these companies. Then you have
Speaker 4: the cost of plane tickets that could jump as much
Speaker 4: as nine percent as oil price is sore. This according
Speaker 4: to Willie Walsh, the Director General of the International Air
Speaker 4: Transport Association, every name in that index lower on the
Speaker 4: day today, and then flip on over to Dollar General.
Speaker 4: Those shares under pressure today, having the worst day going
Speaker 4: back to August now more than six percent. The company
Speaker 4: did give an underwhelming annual and long term forecast. The
Speaker 4: outlook is conservative, according to Jen Bartashis, our analysts for
Speaker 4: Bloomberg Intelligence. Yesterday's close though through yesterday's clothes it was
Speaker 4: up as much as nine point one percent. In Romain
Speaker 4: it was up eighty percent. Last year, so a little
Speaker 4: bit of selling today.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.