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 Katie Greyfell.
Speaker 1: So let's go to some of the individual gainers. Amazon
Speaker 1: not too shabby now a three trillion dollar market cap
Speaker 1: company for the first time, crossing that threshold, becoming only
Speaker 1: the fifth company ever to reach the milestone. Can see
Speaker 1: the stock up about four point six percent. You know,
Speaker 1: it has been on such a tear since it reported
Speaker 1: earnings last week. It's up twenty five percent in the
Speaker 1: past three trading days, so we've seen investors certainly snapping
Speaker 1: up shares. It's joining Nvidia, Alphabet, Microsoft, and Apple as
Speaker 1: the only companies that have reached this size. The avaginals
Speaker 1: price target calls for the stock arise about another fourteen
Speaker 1: percent over the year where it currently trades, according to
Speaker 1: Bloomberg Dave Data. I should point out to AWS CEO
Speaker 1: Macgarman joined our own ed Ludlow on Bloomberg Tech earlier
Speaker 1: and he said that the potential AI business for the
Speaker 1: company is just massive. So all in on Aws. Let's
Speaker 1: flip it on over to Boeing, also an outperformer in
Speaker 1: today's session, Tim pointing this out, thank you very much.
Speaker 3: Lost seven thirty seven Max.
Speaker 1: I know, up eight percent in today's session. First of all,
Speaker 1: you had a couple of things going on. Boeing received
Speaker 1: sign off for the seven thirty seven Max seven from
Speaker 1: the FAA, ending a certification certification, excuse me process up
Speaker 1: added by two fatal crashes and quality lapses. This review
Speaker 1: has been going on for about a decade or so.
Speaker 1: Boeing has about two hundred and eighty two one field
Speaker 1: orders for the Max seven, so that opens up that gateway.
Speaker 1: The certification of the Max seven key to rounding out
Speaker 1: Boeing seven thirty seven family and helping it generate cash
Speaker 1: and improve its balance sheet after several tumultuous years. To
Speaker 1: say the least, I should put out BNP Paribas also
Speaker 1: Perry Boss. I'm trying to rush through raise their recommendations.
Speaker 1: The French Carol to Parrybob, Peribo.
Speaker 3: Did I say, Parbo, we took Spanish in high school?
Speaker 1: Will be in no BnB, Perry Bob, you are from California.
Speaker 1: I you know you're right. I know that raise the
Speaker 1: recommendation of the firm to outperform from underperformed. The analyst
Speaker 1: there sees risks for the firm abating over the next year,
Speaker 1: so that's certainly and then I'm just gonna throw one
Speaker 1: more in their First Solar, top gainer in the s
Speaker 1: and P five hundred, biggest move inter day since October
Speaker 1: of twenty twenty five, First Solar up more than ten percent.
Speaker 1: The City analys Vikram Boggeri raised the firm's price target
Speaker 1: on First Solar to two ninety seven from two ninety
Speaker 1: four and keeps a buy rating. Jeffries, meantime, lowered their
Speaker 1: firm's price target on it to one ninety six from
Speaker 1: two oh seven and keeps a hold, rating the stock
Speaker 1: at two thirty two and change here.
Speaker 3: All right, those are the some gainers. I got some decliners.
Speaker 3: I want to start with one. In the hospitality industry,
Speaker 3: Marriott International, the company said that room growth for twenty
Speaker 3: twenty six would likely come in at the lower end
Speaker 3: of earlier guidance. Shares fell by seven percent today it's
Speaker 3: all about construction delays in the Middle East. It does
Speaker 3: expect net unit growth toward the bottom of its earlier
Speaker 3: forecast to four and a half to five percent, the
Speaker 3: company said in a statement, and the conflict in the
Speaker 3: Middle East could continue to affect resorts succording to Jennifer Mason,
Speaker 3: the company's CFO. In the crypto world, shares of Circle
Speaker 3: Internet Group, also known as Circle, fell today by about
Speaker 3: three point six percent. We got a note from Morgan Stanley.
Speaker 3: They downgraded Circle to underweight from equal weight, slash its
Speaker 3: price target from one hundred and six dollars to thirty
Speaker 3: eight dollars. That implies a thirty nine percent decrease from
Speaker 3: last price. Morgan Stanley cided lower expectations for stable coin
Speaker 3: circulation of you that Circle's business model too, will need
Speaker 3: to transition from reserve income toward transaction based revenue. And finally,
Speaker 3: a couple of restaurants on our radar. This afternoon, Sweet
Speaker 3: Green shares fell eight point two percent. Young Brands down.
Speaker 3: Let's go ahead and round that up to three percent.
Speaker 3: The CDC said that two deaths have been identified as
Speaker 3: part of the cyclospora outbreak affecting Michigan. We also got
Speaker 3: the Bloomberg News report this afternoon. It said that Michigan
Speaker 3: health authorities were actually in touch with Taco Bell's parent
Speaker 3: company Young Brands, about a parasitic outbreak in early July.
Speaker 3: That was weeks before the company officially alerted consumers, speaking
Speaker 3: down eight point two. Young Brands, a parent of Taco Bell,
Speaker 3: down two point nine percent.
Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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