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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: This is the closing bell on the stock movers report

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Speaker 2: the company's making moves at the close of US trading,

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Speaker 2: with Carol Masser, Tim Stenebeck, Romaine Bostik, and Katie Greifel

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Speaker 2: to the.

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Speaker 3: S and P five hundred guys two hundred and seventy

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Speaker 3: one names to the upside in the Tuesday trade Katie

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Speaker 3: two hundred and thirty one losing ground one unchanged.

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Speaker 4: Let's see a look at the circle and at the

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Speaker 4: sector performance. Pretty interesting breakdown here. Certainly you had more

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Speaker 4: losers than winners. And it's the losers that really matter

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Speaker 4: because as against the information technology was your biggest underperformer

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Speaker 4: on the day, down more than two percent as a sector.

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Speaker 4: Even though you had a very strong showing from the

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Speaker 4: likes of palent here wasn't enough to lift the sector overall.

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Speaker 4: In terms of what did well today was energy. We

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Speaker 4: know that crude prices certainly pop today. Energy as a

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Speaker 4: second hired by more than three percent.

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Speaker 3: Carol, all right, so let's go to some of the

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Speaker 3: individual gainers as we await some earnings. And Palentier number

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Speaker 3: two gainer in the S and P five hundred and

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Speaker 3: that went up as much at its highs almost twelve percent,

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Speaker 3: finishing the day with a gain of about six point

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Speaker 3: eight percent. We talked about this company reported after the

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Speaker 3: closed yesterday following a revenue forecast for fiscal twenty twenty

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Speaker 3: six that significantly exceeded Wall Street expectations. So we're talking

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Speaker 3: about annual revenue gaining sixty one percent. Company forecast sales

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Speaker 3: in the current quarter of about one point fifty three billion. Katie,

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Speaker 3: that was a beat.

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Speaker 4: And let's quickly turn to amgen earnings fourth quarter adjusted

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Speaker 4: EPs b beat here that came in at five dollars

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Speaker 4: and twenty nine cents. The estimate was for four dollars

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Speaker 4: and seventy one cent, So again quite a beat there

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Speaker 4: when it comes to fourth quarter adjusted EPs boosting sales

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Speaker 4: and profits. It's top drugs performed there and again you

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Speaker 4: can see quite a beat for Amgen when it comes

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Speaker 4: to adjusted EPs and all so to fourth quarter adjusts

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Speaker 4: operating income as well.

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Speaker 1: Sky Works, a supplier to Apple, reporting earnings right now,

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Speaker 1: coming in with its fiscal adjusted first quarter earnings coming

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Speaker 1: in at a dollar fifty four that's versus a dollar

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Speaker 1: sixty year over year, not quite sure. The comparison, revenue

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Speaker 1: did drop by about three percent year over year, down

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Speaker 1: to about one billion dollars for the second quarter, the

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Speaker 1: quarter that we're in. The company sees adjusteddps of a

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Speaker 1: dollar four and it sees revenue in a range of

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Speaker 1: eight seventy five to nine one hundred and twenty five

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Speaker 1: million dollars.

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Speaker 3: All right back to some of the individual movers. Got

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Speaker 3: to mention Walmart, this one closing with a one trillion

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Speaker 3: dollar market cap for the first time ever. Stock was

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Speaker 3: up about three percent in today's session by the close,

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Speaker 3: a little bit off its best levels of the session.

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Speaker 3: Stock is up about fourteen percent year to date, and

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Speaker 3: that's after getting twenty three percent last year. So we

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Speaker 3: have continued to see this one moved to the upside

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Speaker 3: a lot of folks too. It feels like when they

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Speaker 3: come on air when they talk about the retail sector,

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Speaker 3: they're watching very closely what Walmart is doing. And they

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Speaker 3: have undergone, as you know, a massive digital transformation. So

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Speaker 3: they're using a lot more technology, incorporating AI across their

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Speaker 3: operations and it seems to be paying off. Investors certainly noticing,

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Speaker 3: and I'm just going to mention homebuilders again at their highs,

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Speaker 3: up almost six percent in today's session, finishing with a

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Speaker 3: gain as a whole in the S and P five

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Speaker 3: hundred home building index, up about two point five percent. Again,

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Speaker 3: you are seeing that homebuilders are pushing for some massive

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Speaker 3: programs to develop what they are calling Trump homes that

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Speaker 3: would address the US affordability crisis and allow private capital

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Speaker 3: to deploy many billions of dollars. We talked with our

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Speaker 3: own Patrick Clark, and sounds like a lot more details

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Speaker 3: though need to be figured out before this one might

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Speaker 3: be a go ahead. But nonetheless, investors moving money into

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Speaker 3: that space tip.

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Speaker 5: Well, investors moving money out of some stocks today. Those

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Speaker 5: notable decliners include PayPal, those shares taking a hit today,

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Speaker 5: this after the company said HPANC CEO Enrique Laurres will

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Speaker 5: take the top job from Alex Chris, who's turnaround plan

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Speaker 5: failed to meet target. Shares a PayPal falling more than

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Speaker 5: twenty percent today. Jami Miller, the payments firm's CFO when

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Speaker 5: operating officer, will serve as interim CEO until Lauras takes

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Speaker 5: over on March first. Also looking at ADRs of no

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Speaker 5: vote nor disc Those fell today after the company said

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Speaker 5: at sales will drop this year. Blockbusters Zebek and we

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Speaker 5: Goov face ever tougher competition, and the company gets hit

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Speaker 5: by US government's plan to cut drug prices. Shares ADRs

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Speaker 5: of Novo nordis down more than fourteen percent today. Sales

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Speaker 5: will probably fall by five percent of thirteen percent, according

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Speaker 5: to the company. That's more than the decline of one

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Speaker 5: point four percent at constant exchange rates that analysts expected.

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Speaker 5: The company's CEO said Novo's main aim is to now

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Speaker 5: stay focused on its transformation and to progress the pipeline

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Speaker 5: despite the challenges that are facing the company.

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Speaker 3: All right, folks, I just want to bring your attention

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Speaker 3: to headline crossing the Bloomberg Tterurnal that has a stock

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Speaker 3: moving here in the aftermarket. We're talking about Silicon Labs.

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Speaker 3: That stock is soaring in the aftermarket, up about thirty

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Speaker 3: nine percent as we speak. And this is on a

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Speaker 3: headline that Texas Instruments in Silicon Lab in advanced talks.

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Speaker 3: So not allow of detail. I'm just looking at the

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Speaker 3: Bloomberg to see if there's anything more on that, but

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Speaker 3: it just sounds like they're talking. So we're going to

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Speaker 3: keep an eye on this. But it's got the stock moving,

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Speaker 3: and you can see TI down about three point two

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Speaker 3: percent after market.

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Speaker 1: Two crossing the wire right now. Their earnings coming out

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Speaker 1: for the most recent quarter ibadah at three thirty one

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Speaker 1: and change. We'll round it up to three thirty two

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Speaker 1: adjusted EPs. The company is saying that for the current

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Speaker 1: quarter right now, it's easy EPs and a range of

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Speaker 1: forty six cents to fifty six cents a share. That

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Speaker 1: does look a little bit higher than what the street

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Speaker 1: was looking for, at least on the top end ebadah

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Speaker 1: one sixty three to one eighty six. But a pretty

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Speaker 1: broad range there here for what they're seeing here. I

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Speaker 1: do want to point out too, for netbookings, the company

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Speaker 1: says expect about one point five to one point six

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Speaker 1: billion dollars a street on average looking for about one

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Speaker 1: point five to.

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Speaker 5: Four Okay, you're looking at take two interactive. I'm looking

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Speaker 5: at what's going on with electronic arts. Third quarter netbookings

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Speaker 5: coming in a bub. Estimates at three point h five

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Speaker 5: billion dollars netbookings, the only data that we have right

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Speaker 5: now did beat estimates netbookings coming in above three billion dollars.

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Speaker 5: The estimate was for two point eight four billion dollars.

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Speaker 5: Total net revenue coming in at one point nine billion dollars.

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Speaker 5: That's shy of other estimates. R and D expenses were

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Speaker 5: a little higher than estimates. Adjusted operating margin at eighteen

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Speaker 5: point eight percent. Shares of VA in the after hour

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Speaker 5: or even the after hours down higher actually by about

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Speaker 5: four tenths of one percent.

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Speaker 4: Let's quickly go back to take two there, because it's interesting.

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Speaker 4: We're hearing a little bit from the CEO in the

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Speaker 4: statement talking about outperformance from all of their labels, and

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Speaker 4: then looking ahead as well, they talk about ongoing momentum

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Speaker 4: across many of our businesses and the highly anticipated launch

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Speaker 4: of Grand Theft Auto on November nineteenth, continuing to project

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Speaker 4: record levels bookings. Yeah, that's a good question, right, I

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Speaker 4: know many people would like to know, but still I

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Speaker 4: mean projecting a lot of confidence there. You can see

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Speaker 4: the sharees high. You're by nearly five percent in the

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Speaker 4: after hours.

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Speaker 3: All right, Oka ahead, did I say something?

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Speaker 1: Well, I was just going to say, remember we had

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Speaker 1: that sell off in some of the some of the

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Speaker 1: video game stocks because of that new product apparently being

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Speaker 1: put out by Alphabet, So something to keep an eye

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Speaker 1: on to as far as the forecast and where that

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Speaker 1: they can meet it.

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Speaker 3: All right, let's go to the insurance sector. We've got

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Speaker 3: Chubb crossing the Bloomberg terminal. Let's go to fourth quarter

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Speaker 3: total investments up about one point six percent quarter over quarter,

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Speaker 3: one hundred and sixty eight point seventy two billion dollars

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Speaker 3: property and casualty combined ratio eighty one point two percent.

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Speaker 3: That's below the street estimate of eighty four percent. Fourth

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Speaker 3: quarter book value per share one hundred and eighty eight

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Speaker 3: dollars fifty nine cents. That's a little bit below the

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Speaker 3: street estimate of one hundred and ninety sixteen one hundred

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Speaker 3: and ninety dollars sixteen cents. You can see Chub just

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Speaker 3: a little bit higher in the after market, up about

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Speaker 3: two ten percent. Fourth quarter net premiums, by the way,

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Speaker 3: coming in a little bit above street estimates at thirteen

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Speaker 3: point thirteen billions, So a little bit of movement.

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Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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