Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock mover's report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Food.
Speaker 3: Let's get to some of the gainers. There were really
Speaker 3: some outperformers in the Monday trade. Paramount group ticker is PGR.
Speaker 3: This one up as much as twenty percent during the
Speaker 3: trading session, finishing with a game of about thirteen percent.
Speaker 3: It's a read. It's a major office landlord New York City, DC,
Speaker 3: also San Francisco, about a one point one billion dollar
Speaker 3: market cap surging. As we said, the company's board initiated
Speaker 3: review and evaluation of strategic alternatives. Some speculation might that
Speaker 3: mean an outright sale of the company. And this is
Speaker 3: all coming after it named a new CFO and treasure
Speaker 3: effective immediately. Keep in mind Wall Street Journal also making
Speaker 3: some points about this company's a lot of red flags
Speaker 3: that have been out there in the last few months,
Speaker 3: and so this company, you know, looking kind of to
Speaker 3: see what's next here in its next chapter, Take two
Speaker 3: Interactive outperformer up about three and a half percent in
Speaker 3: today's session. It was a top gainer in both the
Speaker 3: SMP and the Nasdaq one hundred did report earnings last week,
Speaker 3: and we are seeing the als community come in and
Speaker 3: weigh in on those earnings. So analyst raising price targets
Speaker 3: for the company. Since it reported earning, sixteen changing price targets.
Speaker 3: The average change was up eleven percent. Fifteen analyst raised
Speaker 3: price targets by average of twelve percent. So some optimism
Speaker 3: on the street, and Novovaks talk about optimism up as
Speaker 3: much as thirty percent during the session, finishing with a
Speaker 3: game of about fifteen percent. US regulators fully approved the
Speaker 3: company's COVID vaccine, so easing some investors concerns after the
Speaker 3: clearance was delayed. Yeah, exactly, exactly good stuff. So anyway,
Speaker 3: not mRNA.
Speaker 4: So I think that if you need a different sour
Speaker 4: of seeing, that would be something for you.
Speaker 3: Yeah, I will say Maderna also an app performer because
Speaker 3: maybe there's some you know, different thinking. I think everybody
Speaker 3: thought the government was going to be so anti vaccines,
Speaker 3: and yet this happens for Nova Vaccine. So investors also
Speaker 3: applying into Maderna up about six percent today.
Speaker 1: Okay, you got the gainers Carol, I got the decliners.
Speaker 3: I do want to interest you had some trouble here.
Speaker 1: Oh yeah, I just had to do a last minute switch.
Speaker 1: But you know what, the team was great. They were
Speaker 1: able to switch it out for me. So I appreciate that.
Speaker 1: I want to start with shares a JP Morgan like
Speaker 1: no one would ever have known if Carol, I know.
Speaker 3: I know.
Speaker 1: Isn't you know with friends like Carol, do I come.
Speaker 3: Across like a little sister.
Speaker 1: I should killing me? You're killing me one percent of
Speaker 1: the downside for JP Morgan. The company did reaffirm its
Speaker 1: net interest income forecast for the full year. They said
Speaker 1: an investor day earlier today. Shares fell earlier in the session,
Speaker 1: though they hit a session low after an executive at
Speaker 1: the company set investment banking fees will fall. We also
Speaker 1: saw peer organizations fall as well. The company CEO Jamie Diamond,
Speaker 1: in a speech, did warn against complacens in the face
Speaker 1: of a slew of risks. He cited everything from inflation
Speaker 1: and credit spreads to geopolitics. Ultimately, shares fell one percent today.
Speaker 1: I want to talk about solar stocks, in particular, Sun
Speaker 1: Run ticker run down seven point eight percent. Shares of
Speaker 1: solar company's slumped this after Republican lawmakers said that they
Speaker 1: had secured a commitment from leadership to end key clean
Speaker 1: energy tax credits earlier than Planet's, part of a sweeping
Speaker 1: deal aim that allowing President Trump's giant taxus spending package
Speaker 1: to advance. Sunrun fell by about seven point eight percent
Speaker 1: and finally shares a shakeshack one point six percent to
Speaker 1: the downside. They fell after TD Cowen cut the recommendation
Speaker 1: on the company to hold from buy. They cited an
Speaker 1: already high valuation amid a challenging consumer spending backdrop.
Speaker 4: Well, here's the interesting part when it comes to the
Speaker 4: bond market, guys. I mean, coming into the session, it
Speaker 4: looked liked we're going to see some pretty intense action.
Speaker 4: The long end was selling off by six basis points already.
Speaker 4: Then we were reverse courts, and we actually ended with
Speaker 4: the whole curve lower by about two to three basis points.
Speaker 4: I do want to point out, though, that they'd yield
Speaker 4: still hit that five percent level. We hadn't seen that
Speaker 4: since twenty twenty three. And you look at a technical
Speaker 4: basis and we're looking at a golden cross. Guys. Wooo Okay,
Speaker 4: So the short term moving average looks to break above
Speaker 4: the medium term moving average. So fifty day crosses above
Speaker 4: one hundred day, that's a golden cross. That tends to
Speaker 4: be a bullish signal, which means higher yields. And you wonder,
Speaker 4: at some point, is are we at that tipping point
Speaker 4: where yields wind up directly a herding stocks.
Speaker 3: Yeah, it's a really good point, right. You kind of
Speaker 3: wonder where it all goes next.
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