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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news, the Stock Movers podcast.

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Speaker 1: This is your roundup of companies making news on Wall

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Speaker 1: Street and beyond. Harnessing the power of Bloomberg.

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Speaker 2: Data, Let's take a look at some of the stocks

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Speaker 2: in the move today. We're joined by Bloomberg's Bay Lipschutz,

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Speaker 2: Bloomberg News senior equities reporter. All right, Billy, what are

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Speaker 2: you looking at?

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Speaker 3: I want to call out the strength we're seeing right

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Speaker 3: now in Tesla shares up more than nine percent, best

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Speaker 3: performer in the S and P five hundred, second biggest

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Speaker 3: driver in terms of points for the S and P

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Speaker 3: five hundred. Not really a big news peg other than

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Speaker 3: maybe some readA cross for either optimism on the EV

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Speaker 3: space or really just people wanting to buy the dip

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Speaker 3: because the stock is down about thirty three percent year

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Speaker 3: to date. But we are certainly seeing and have been

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Speaker 3: tracking retail and individual investors buying the dip or buying

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Speaker 3: the selloff, if you will, for day rally for that company.

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Speaker 3: And again we're seeing pretty strong volumes and that's really

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Speaker 3: been the big driver of equities hire this morning.

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Speaker 2: Yeah, I'm also not just that some of it is

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Speaker 2: fundamental Fanny May. That sknock is up about over nine percent. Again,

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Speaker 2: we're in this privatization kick right with Fannyman Freddy Mack.

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Speaker 1: We're back.

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Speaker 3: Both stocks traded in the pink sheets, so you got

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Speaker 3: to keep in mind there enough this could be. This

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Speaker 3: is still government health, but there's a risky asset. So

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Speaker 3: both shares up more than eight percent. As you mentioned,

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Speaker 3: Fanny May trades under the ticker FNMA, Freddie Mac FMCC.

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Speaker 3: Both stocks up more than two hundred and seventy percent

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Speaker 3: in the last twelve months, really betting on potential privatization.

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Speaker 3: The latest rally today coming after The Wall Street Journal

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Speaker 3: reported that Federal Housing Finance Agency Director Bill Poulty as

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Speaker 3: well as Treasury Secretary of Scott Beston talking about privatization efforts.

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Speaker 3: What it could mean for these companies as well as

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Speaker 3: the US consumer. Big question is how does this actually

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Speaker 3: get done, what does that path look like? In one

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Speaker 3: word of caution for investors, when I talk to bankers

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Speaker 3: and lawyers that operate in ECM space, there's a lot

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Speaker 3: of uncertainty around what the pink sheets actually would be

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Speaker 3: worth in an IPO, So certainly something to keep an

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Speaker 3: eye on, but we've been using that as a gage

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Speaker 3: of sentiment, and an eight percent move is nothing about

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Speaker 3: an eye against.

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Speaker 2: What about micro Strategy.

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Speaker 3: The bitcoin proxy company announcing that it bought about five

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Speaker 3: hundred and eighty four million dollars of bitcoin. The stock

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Speaker 3: does trade pretty much wherever bitcoin does. Bitcoin right now

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Speaker 3: up about three point four percent, MSTR shares up more

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Speaker 3: than six percent. This comes after the company sold a

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Speaker 3: so called Perpetual Strife preferred stock last week that is

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Speaker 3: really jargony, but basically the way to bet on it

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Speaker 3: is they sold shares that pay out a ten percent

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Speaker 3: dividend in hopes that you eventually just get your money back.

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Speaker 3: So there's actually no conversion for the stock. There's actually

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Speaker 3: no strike price. It's not like a normal dead instrument.

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Speaker 3: So so Michael Sailor and Strategy micro Strategy pulling every lever

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Speaker 3: they can to continue buying bitcoin again, buying about five

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Speaker 3: hundred and eighty four million dollars last week. That is

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Speaker 3: such a great story. It is the gift that keeps

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Speaker 3: on giving. And again, when you talk to people around

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Speaker 3: the deal Perpetual Strife preferred stock sale, even they were

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Speaker 3: kind of like, yeah, good luck explaining that I mean,

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Speaker 3: I've sold some crazy things in the past.

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Speaker 2: I don't think that can come up.

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Speaker 3: But you always have that one person in the back

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Speaker 3: of the room saying, yeah, I've got an idea.

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Speaker 2: But it keeps working. People still keep buying yourself and as.

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Speaker 3: Long as you price it well. So the stated value

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Speaker 3: one hundred dollars carries a ten percent coupon, but they

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Speaker 3: actually priced it at eighty five bucks. So your options

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Speaker 3: are either to turn that call it eleven point seven

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Speaker 3: percent coupon into a solid investment with some pretty darn

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Speaker 3: high risk, or to play the greater full theory and

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Speaker 3: find someone else's sell. I'm surprised my guy Tony hasn't

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Speaker 3: called me.

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Speaker 2: Up since I got someone because he knows you were

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Speaker 2: just laughing in his face.

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Speaker 3: I don't know some of the stuff we've been putting

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Speaker 3: in there, realized a couple of years kind of crazy.

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Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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Speaker 1: making news on Wall Street and for the latest market

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