WEBVTT - Closing Bell: Palantir Rises, Bumble Soars, Dollar General Drops

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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 the stock Mover's 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 Greifel.

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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>I want to go to Palanteer. That was definitely one

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<v Speaker 3>of the outperformers here, was up as much as two

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<v Speaker 3>point eight percent intraday, finishing the day with a game

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<v Speaker 3>of about one and a quarter percent. The company out

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<v Speaker 3>saying it may turn to other AI models amid the

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<v Speaker 3>spat between Anthropic and the Pentagon, So their CEO on

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<v Speaker 3>CNBC saying, our products are integrated with Anthropic and in

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<v Speaker 3>the future will probably be integrated with other large language models.

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<v Speaker 3>So that's kind of going on as we know the

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<v Speaker 3>government has pushedback on Anthropic. I also want to point

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<v Speaker 3>out that the company did unveil a software pack with

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<v Speaker 3>Nvidia a de fence partnerships to at an AI conference

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<v Speaker 3>with a bunch of players in the space, including something

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<v Speaker 3>like Gage Aerospace and a few others. So whether or

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<v Speaker 3>not that was fundamentally why we're seeing the stock move up.

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<v Speaker 3>Not quite sure, but it definitely wasn an outperformer. Investors

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<v Speaker 3>swiping right on bumbled today. I know that's really bad,

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<v Speaker 3>but I just wondered I was going to go there.

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<v Speaker 3>Stock was up as much as forty nine percent intra day,

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<v Speaker 3>finishing with a game of about thirty four percent. Three

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<v Speaker 3>dollars and eighty one cents is where the stock closed today,

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<v Speaker 3>surging biggest jump intra day since February of twenty twenty one,

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<v Speaker 3>the online dating company. They did forecast even up for

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<v Speaker 3>the first quarter that beat the average analyst estimate. JP

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<v Speaker 3>Morgan upgrade the stock to neutral, while analysts broadly noted

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<v Speaker 3>that the focus now shifts to upcoming product overhaul plan

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<v Speaker 3>for later in the year. So Morgan Stanley also coming

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<v Speaker 3>out say the company's financial starting to stabilize well. LightWave

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<v Speaker 3>Logic ticker is LWLG. That one up about forty one

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<v Speaker 3>percent here now about one billion dollar market cap. Company

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<v Speaker 3>announced development agreement with Tower Semiconductor to enable leading high

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<v Speaker 3>speed optical modulators. Stock is at more than one hundred

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<v Speaker 3>percent year to date. Yeah. I don't know if you know,

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<v Speaker 3>but they develop proprietary electro optic polymers and polymer photonic

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<v Speaker 3>integrated circuit.

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<v Speaker 1>Well fascinating. Yeah, I minded, I didn't.

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<v Speaker 3>It has to do with faster transmission for Internet infrastructure,

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<v Speaker 3>data centers and AI application.

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<v Speaker 1>Yeah, I do find out a couple of honorable mentions. Yes,

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<v Speaker 1>just so, given the bigest move that we saw in

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<v Speaker 1>a lot of the chemical companies and the fertilizer company

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<v Speaker 1>CF Industries closing out a record high today, having best

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<v Speaker 1>day of going back to twenty twenty, and it was

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<v Speaker 1>all those names mosaic and nutrient and others. And this

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<v Speaker 1>has real potential economic impacts because of course we are

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<v Speaker 1>right at the start of the spring planting season here

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<v Speaker 1>at least in North America, so not having the fertilizer

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<v Speaker 1>supplies within the next couple of weeks could actually have

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<v Speaker 1>material impact.

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<v Speaker 3>I think I did CF yesterday.

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<v Speaker 1>Yeah, today's a new daker.

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<v Speaker 4>Okay, I'm going to jump in here and talk about

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<v Speaker 4>some of the stocks that move lower on the day today.

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<v Speaker 4>I want to start with just the entire mag seven.

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<v Speaker 4>It's actually down more than nine percent. Going back to

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<v Speaker 4>those October highs. We had Tesla fall by more than

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<v Speaker 4>three percent, Apple fall by two percent, Meta platforms down

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<v Speaker 4>today by two point six percent. Every single name in

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<v Speaker 4>the mag seven was lower on the day today. Speaking

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<v Speaker 4>of every name lower, let's go to airlines, because airlines

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<v Speaker 4>were all lower today. This is the S and P

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<v Speaker 4>fifteen hundred composite index of airlines down four point three

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<v Speaker 4>percent today. You had Southwest down more than seven point

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<v Speaker 4>seven United Airlines down four point six percent, Delta down

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<v Speaker 4>two percent, American down four and a half percent. We

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<v Speaker 4>know jet fuel prices are going up, could be going up.

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<v Speaker 4>That's a big expense for these companies. Then you have

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<v Speaker 4>the cost of plane tickets that could jump as much

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<v Speaker 4>as nine percent as oil price is sore. This according

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<v Speaker 4>to Willie Walsh, the Director General of the International Air

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<v Speaker 4>Transport Association, every name in that index lower on the

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<v Speaker 4>day today, and then flip on over to Dollar General.

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<v Speaker 4>Those shares under pressure today, having the worst day going

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<v Speaker 4>back to August now more than six percent. The company

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<v Speaker 4>did give an underwhelming annual and long term forecast. The

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<v Speaker 4>outlook is conservative, according to Jen Bartashis, our analysts for

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<v Speaker 4>Bloomberg Intelligence. Yesterday's close though through yesterday's clothes it was

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<v Speaker 4>up as much as nine point one percent. In Romain

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<v Speaker 4>it was up eighty percent. Last year, so a little

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<v Speaker 4>bit of selling today.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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