1 00:00:02,520 --> 00:00:07,480 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,600 --> 00:00:16,560 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Food. 5 00:00:23,079 --> 00:00:25,599 Speaker 3: Let's get to some of the gainers. There were really 6 00:00:25,600 --> 00:00:29,800 Speaker 3: some outperformers in the Monday trade. Paramount group ticker is PGR. 7 00:00:30,240 --> 00:00:33,000 Speaker 3: This one up as much as twenty percent during the 8 00:00:33,000 --> 00:00:35,600 Speaker 3: trading session, finishing with a game of about thirteen percent. 9 00:00:35,600 --> 00:00:39,720 Speaker 3: It's a read. It's a major office landlord New York City, DC, 10 00:00:39,840 --> 00:00:41,920 Speaker 3: also San Francisco, about a one point one billion dollar 11 00:00:42,000 --> 00:00:45,080 Speaker 3: market cap surging. As we said, the company's board initiated 12 00:00:45,159 --> 00:00:49,199 Speaker 3: review and evaluation of strategic alternatives. Some speculation might that 13 00:00:49,360 --> 00:00:52,720 Speaker 3: mean an outright sale of the company. And this is 14 00:00:52,760 --> 00:00:55,680 Speaker 3: all coming after it named a new CFO and treasure 15 00:00:55,720 --> 00:00:58,600 Speaker 3: effective immediately. Keep in mind Wall Street Journal also making 16 00:00:58,600 --> 00:01:00,880 Speaker 3: some points about this company's a lot of red flags 17 00:01:01,560 --> 00:01:03,200 Speaker 3: that have been out there in the last few months, 18 00:01:03,680 --> 00:01:06,360 Speaker 3: and so this company, you know, looking kind of to 19 00:01:06,400 --> 00:01:09,200 Speaker 3: see what's next here in its next chapter, Take two 20 00:01:09,240 --> 00:01:11,720 Speaker 3: Interactive outperformer up about three and a half percent in 21 00:01:11,760 --> 00:01:13,520 Speaker 3: today's session. It was a top gainer in both the 22 00:01:13,600 --> 00:01:17,720 Speaker 3: SMP and the Nasdaq one hundred did report earnings last week, 23 00:01:18,280 --> 00:01:21,000 Speaker 3: and we are seeing the als community come in and 24 00:01:21,040 --> 00:01:23,800 Speaker 3: weigh in on those earnings. So analyst raising price targets 25 00:01:23,840 --> 00:01:28,000 Speaker 3: for the company. Since it reported earning, sixteen changing price targets. 26 00:01:28,000 --> 00:01:30,840 Speaker 3: The average change was up eleven percent. Fifteen analyst raised 27 00:01:30,840 --> 00:01:33,680 Speaker 3: price targets by average of twelve percent. So some optimism 28 00:01:33,720 --> 00:01:37,640 Speaker 3: on the street, and Novovaks talk about optimism up as 29 00:01:37,720 --> 00:01:40,440 Speaker 3: much as thirty percent during the session, finishing with a 30 00:01:40,480 --> 00:01:43,760 Speaker 3: game of about fifteen percent. US regulators fully approved the 31 00:01:43,800 --> 00:01:48,080 Speaker 3: company's COVID vaccine, so easing some investors concerns after the 32 00:01:48,120 --> 00:01:54,400 Speaker 3: clearance was delayed. Yeah, exactly, exactly good stuff. So anyway, 33 00:01:55,040 --> 00:01:55,720 Speaker 3: not mRNA. 34 00:01:55,960 --> 00:01:58,160 Speaker 4: So I think that if you need a different sour 35 00:01:58,200 --> 00:02:00,000 Speaker 4: of seeing, that would be something for you. 36 00:02:00,120 --> 00:02:02,960 Speaker 3: Yeah, I will say Maderna also an app performer because 37 00:02:02,960 --> 00:02:05,600 Speaker 3: maybe there's some you know, different thinking. I think everybody 38 00:02:05,640 --> 00:02:08,480 Speaker 3: thought the government was going to be so anti vaccines, 39 00:02:08,680 --> 00:02:11,600 Speaker 3: and yet this happens for Nova Vaccine. So investors also 40 00:02:11,639 --> 00:02:13,760 Speaker 3: applying into Maderna up about six percent today. 41 00:02:14,360 --> 00:02:16,600 Speaker 1: Okay, you got the gainers Carol, I got the decliners. 42 00:02:16,639 --> 00:02:19,079 Speaker 3: I do want to interest you had some trouble here. 43 00:02:19,120 --> 00:02:21,040 Speaker 1: Oh yeah, I just had to do a last minute switch. 44 00:02:21,240 --> 00:02:23,520 Speaker 1: But you know what, the team was great. They were 45 00:02:23,520 --> 00:02:25,320 Speaker 1: able to switch it out for me. So I appreciate that. 46 00:02:25,760 --> 00:02:27,600 Speaker 1: I want to start with shares a JP Morgan like 47 00:02:27,760 --> 00:02:29,560 Speaker 1: no one would ever have known if Carol, I know. 48 00:02:29,800 --> 00:02:30,000 Speaker 3: I know. 49 00:02:30,240 --> 00:02:32,919 Speaker 1: Isn't you know with friends like Carol, do I come. 50 00:02:32,760 --> 00:02:33,959 Speaker 3: Across like a little sister. 51 00:02:34,440 --> 00:02:37,280 Speaker 1: I should killing me? You're killing me one percent of 52 00:02:37,320 --> 00:02:40,799 Speaker 1: the downside for JP Morgan. The company did reaffirm its 53 00:02:40,840 --> 00:02:43,480 Speaker 1: net interest income forecast for the full year. They said 54 00:02:43,520 --> 00:02:47,400 Speaker 1: an investor day earlier today. Shares fell earlier in the session, 55 00:02:47,440 --> 00:02:50,240 Speaker 1: though they hit a session low after an executive at 56 00:02:50,240 --> 00:02:52,679 Speaker 1: the company set investment banking fees will fall. We also 57 00:02:52,760 --> 00:02:57,720 Speaker 1: saw peer organizations fall as well. The company CEO Jamie Diamond, 58 00:02:57,919 --> 00:03:00,720 Speaker 1: in a speech, did warn against complacens in the face 59 00:03:00,760 --> 00:03:03,000 Speaker 1: of a slew of risks. He cited everything from inflation 60 00:03:03,040 --> 00:03:07,360 Speaker 1: and credit spreads to geopolitics. Ultimately, shares fell one percent today. 61 00:03:07,800 --> 00:03:10,000 Speaker 1: I want to talk about solar stocks, in particular, Sun 62 00:03:10,120 --> 00:03:13,160 Speaker 1: Run ticker run down seven point eight percent. Shares of 63 00:03:13,200 --> 00:03:16,800 Speaker 1: solar company's slumped this after Republican lawmakers said that they 64 00:03:16,840 --> 00:03:20,000 Speaker 1: had secured a commitment from leadership to end key clean 65 00:03:20,120 --> 00:03:23,239 Speaker 1: energy tax credits earlier than Planet's, part of a sweeping 66 00:03:23,280 --> 00:03:26,600 Speaker 1: deal aim that allowing President Trump's giant taxus spending package 67 00:03:26,800 --> 00:03:30,160 Speaker 1: to advance. Sunrun fell by about seven point eight percent 68 00:03:30,560 --> 00:03:33,280 Speaker 1: and finally shares a shakeshack one point six percent to 69 00:03:33,320 --> 00:03:36,520 Speaker 1: the downside. They fell after TD Cowen cut the recommendation 70 00:03:36,640 --> 00:03:39,200 Speaker 1: on the company to hold from buy. They cited an 71 00:03:39,200 --> 00:03:43,400 Speaker 1: already high valuation amid a challenging consumer spending backdrop. 72 00:03:43,600 --> 00:03:45,280 Speaker 4: Well, here's the interesting part when it comes to the 73 00:03:45,280 --> 00:03:47,480 Speaker 4: bond market, guys. I mean, coming into the session, it 74 00:03:47,520 --> 00:03:49,760 Speaker 4: looked liked we're going to see some pretty intense action. 75 00:03:49,880 --> 00:03:52,360 Speaker 4: The long end was selling off by six basis points already. 76 00:03:52,440 --> 00:03:54,640 Speaker 4: Then we were reverse courts, and we actually ended with 77 00:03:54,720 --> 00:03:58,160 Speaker 4: the whole curve lower by about two to three basis points. 78 00:03:58,400 --> 00:04:00,520 Speaker 4: I do want to point out, though, that they'd yield 79 00:04:00,560 --> 00:04:02,520 Speaker 4: still hit that five percent level. We hadn't seen that 80 00:04:02,560 --> 00:04:05,200 Speaker 4: since twenty twenty three. And you look at a technical 81 00:04:05,280 --> 00:04:09,600 Speaker 4: basis and we're looking at a golden cross. Guys. Wooo Okay, 82 00:04:09,680 --> 00:04:12,680 Speaker 4: So the short term moving average looks to break above 83 00:04:12,840 --> 00:04:15,440 Speaker 4: the medium term moving average. So fifty day crosses above 84 00:04:15,480 --> 00:04:17,520 Speaker 4: one hundred day, that's a golden cross. That tends to 85 00:04:17,520 --> 00:04:19,960 Speaker 4: be a bullish signal, which means higher yields. And you wonder, 86 00:04:20,000 --> 00:04:22,200 Speaker 4: at some point, is are we at that tipping point 87 00:04:22,200 --> 00:04:25,200 Speaker 4: where yields wind up directly a herding stocks. 88 00:04:25,360 --> 00:04:26,880 Speaker 3: Yeah, it's a really good point, right. You kind of 89 00:04:26,880 --> 00:04:28,520 Speaker 3: wonder where it all goes next. 90 00:04:29,960 --> 00:04:34,000 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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