WEBVTT - Closing Bell: Novavax Soars, Paramount Rises, Shake Shack Falls

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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 this stock mover's report.

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<v Speaker 2>The company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Food.

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<v Speaker 3>Let's get to some of the gainers. There were really

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<v Speaker 3>some outperformers in the Monday trade. Paramount group ticker is PGR.

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<v Speaker 3>This one up as much as twenty percent during the

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<v Speaker 3>trading session, finishing with a game of about thirteen percent.

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<v Speaker 3>It's a read. It's a major office landlord New York City, DC,

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<v Speaker 3>also San Francisco, about a one point one billion dollar

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<v Speaker 3>market cap surging. As we said, the company's board initiated

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<v Speaker 3>review and evaluation of strategic alternatives. Some speculation might that

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<v Speaker 3>mean an outright sale of the company. And this is

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<v Speaker 3>all coming after it named a new CFO and treasure

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<v Speaker 3>effective immediately. Keep in mind Wall Street Journal also making

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<v Speaker 3>some points about this company's a lot of red flags

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<v Speaker 3>that have been out there in the last few months,

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<v Speaker 3>and so this company, you know, looking kind of to

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<v Speaker 3>see what's next here in its next chapter, Take two

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<v Speaker 3>Interactive outperformer up about three and a half percent in

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<v Speaker 3>today's session. It was a top gainer in both the

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<v Speaker 3>SMP and the Nasdaq one hundred did report earnings last week,

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<v Speaker 3>and we are seeing the als community come in and

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<v Speaker 3>weigh in on those earnings. So analyst raising price targets

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<v Speaker 3>for the company. Since it reported earning, sixteen changing price targets.

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<v Speaker 3>The average change was up eleven percent. Fifteen analyst raised

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<v Speaker 3>price targets by average of twelve percent. So some optimism

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<v Speaker 3>on the street, and Novovaks talk about optimism up as

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<v Speaker 3>much as thirty percent during the session, finishing with a

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<v Speaker 3>game of about fifteen percent. US regulators fully approved the

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<v Speaker 3>company's COVID vaccine, so easing some investors concerns after the

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<v Speaker 3>clearance was delayed. Yeah, exactly, exactly good stuff. So anyway,

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<v Speaker 3>not mRNA.

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<v Speaker 4>So I think that if you need a different sour

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<v Speaker 4>of seeing, that would be something for you.

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<v Speaker 3>Yeah, I will say Maderna also an app performer because

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<v Speaker 3>maybe there's some you know, different thinking. I think everybody

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<v Speaker 3>thought the government was going to be so anti vaccines,

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<v Speaker 3>and yet this happens for Nova Vaccine. So investors also

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<v Speaker 3>applying into Maderna up about six percent today.

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<v Speaker 1>Okay, you got the gainers Carol, I got the decliners.

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<v Speaker 3>I do want to interest you had some trouble here.

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<v Speaker 1>Oh yeah, I just had to do a last minute switch.

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<v Speaker 1>But you know what, the team was great. They were

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<v Speaker 1>able to switch it out for me. So I appreciate that.

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<v Speaker 1>I want to start with shares a JP Morgan like

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<v Speaker 1>no one would ever have known if Carol, I know.

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<v Speaker 3>I know.

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<v Speaker 1>Isn't you know with friends like Carol, do I come.

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<v Speaker 3>Across like a little sister.

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<v Speaker 1>I should killing me? You're killing me one percent of

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<v Speaker 1>the downside for JP Morgan. The company did reaffirm its

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<v Speaker 1>net interest income forecast for the full year. They said

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<v Speaker 1>an investor day earlier today. Shares fell earlier in the session,

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<v Speaker 1>though they hit a session low after an executive at

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<v Speaker 1>the company set investment banking fees will fall. We also

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<v Speaker 1>saw peer organizations fall as well. The company CEO Jamie Diamond,

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<v Speaker 1>in a speech, did warn against complacens in the face

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<v Speaker 1>of a slew of risks. He cited everything from inflation

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<v Speaker 1>and credit spreads to geopolitics. Ultimately, shares fell one percent today.

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<v Speaker 1>I want to talk about solar stocks, in particular, Sun

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<v Speaker 1>Run ticker run down seven point eight percent. Shares of

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<v Speaker 1>solar company's slumped this after Republican lawmakers said that they

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<v Speaker 1>had secured a commitment from leadership to end key clean

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<v Speaker 1>energy tax credits earlier than Planet's, part of a sweeping

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<v Speaker 1>deal aim that allowing President Trump's giant taxus spending package

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<v Speaker 1>to advance. Sunrun fell by about seven point eight percent

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<v Speaker 1>and finally shares a shakeshack one point six percent to

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<v Speaker 1>the downside. They fell after TD Cowen cut the recommendation

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<v Speaker 1>on the company to hold from buy. They cited an

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<v Speaker 1>already high valuation amid a challenging consumer spending backdrop.

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<v Speaker 4>Well, here's the interesting part when it comes to the

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<v Speaker 4>bond market, guys. I mean, coming into the session, it

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<v Speaker 4>looked liked we're going to see some pretty intense action.

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<v Speaker 4>The long end was selling off by six basis points already.

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<v Speaker 4>Then we were reverse courts, and we actually ended with

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<v Speaker 4>the whole curve lower by about two to three basis points.

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<v Speaker 4>I do want to point out, though, that they'd yield

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<v Speaker 4>still hit that five percent level. We hadn't seen that

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<v Speaker 4>since twenty twenty three. And you look at a technical

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<v Speaker 4>basis and we're looking at a golden cross. Guys. Wooo Okay,

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<v Speaker 4>So the short term moving average looks to break above

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<v Speaker 4>the medium term moving average. So fifty day crosses above

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<v Speaker 4>one hundred day, that's a golden cross. That tends to

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<v Speaker 4>be a bullish signal, which means higher yields. And you wonder,

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<v Speaker 4>at some point, is are we at that tipping point

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<v Speaker 4>where yields wind up directly a herding stocks.

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<v Speaker 3>Yeah, it's a really good point, right. You kind of

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<v Speaker 3>wonder where it all goes next.

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