WEBVTT - Closing Bell: Amazon Reaches $3T in Market Value, Boeing Rises, Palantir Earnings

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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 Katie Greyfell.

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<v Speaker 1>So let's go to some of the individual gainers. Amazon

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<v Speaker 1>not too shabby now a three trillion dollar market cap

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<v Speaker 1>company for the first time, crossing that threshold, becoming only

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<v Speaker 1>the fifth company ever to reach the milestone. Can see

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<v Speaker 1>the stock up about four point six percent. You know,

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<v Speaker 1>it has been on such a tear since it reported

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<v Speaker 1>earnings last week. It's up twenty five percent in the

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<v Speaker 1>past three trading days, so we've seen investors certainly snapping

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<v Speaker 1>up shares. It's joining Nvidia, Alphabet, Microsoft, and Apple as

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<v Speaker 1>the only companies that have reached this size. The avaginals

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<v Speaker 1>price target calls for the stock arise about another fourteen

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<v Speaker 1>percent over the year where it currently trades, according to

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<v Speaker 1>Bloomberg Dave Data. I should point out to AWS CEO

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<v Speaker 1>Macgarman joined our own ed Ludlow on Bloomberg Tech earlier

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<v Speaker 1>and he said that the potential AI business for the

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<v Speaker 1>company is just massive. So all in on Aws. Let's

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<v Speaker 1>flip it on over to Boeing, also an outperformer in

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<v Speaker 1>today's session, Tim pointing this out, thank you very much.

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<v Speaker 3>Lost seven thirty seven Max.

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<v Speaker 1>I know, up eight percent in today's session. First of all,

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<v Speaker 1>you had a couple of things going on. Boeing received

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<v Speaker 1>sign off for the seven thirty seven Max seven from

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<v Speaker 1>the FAA, ending a certification certification, excuse me process up

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<v Speaker 1>added by two fatal crashes and quality lapses. This review

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<v Speaker 1>has been going on for about a decade or so.

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<v Speaker 1>Boeing has about two hundred and eighty two one field

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<v Speaker 1>orders for the Max seven, so that opens up that gateway.

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<v Speaker 1>The certification of the Max seven key to rounding out

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<v Speaker 1>Boeing seven thirty seven family and helping it generate cash

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<v Speaker 1>and improve its balance sheet after several tumultuous years. To

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<v Speaker 1>say the least, I should put out BNP Paribas also

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<v Speaker 1>Perry Boss. I'm trying to rush through raise their recommendations.

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<v Speaker 1>The French Carol to Parrybob, Peribo.

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<v Speaker 3>Did I say, Parbo, we took Spanish in high school?

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<v Speaker 1>Will be in no BnB, Perry Bob, you are from California.

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<v Speaker 1>I you know you're right. I know that raise the

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<v Speaker 1>recommendation of the firm to outperform from underperformed. The analyst

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<v Speaker 1>there sees risks for the firm abating over the next year,

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<v Speaker 1>so that's certainly and then I'm just gonna throw one

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<v Speaker 1>more in their First Solar, top gainer in the s

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<v Speaker 1>and P five hundred, biggest move inter day since October

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<v Speaker 1>of twenty twenty five, First Solar up more than ten percent.

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<v Speaker 1>The City analys Vikram Boggeri raised the firm's price target

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<v Speaker 1>on First Solar to two ninety seven from two ninety

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<v Speaker 1>four and keeps a buy rating. Jeffries, meantime, lowered their

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<v Speaker 1>firm's price target on it to one ninety six from

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<v Speaker 1>two oh seven and keeps a hold, rating the stock

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<v Speaker 1>at two thirty two and change here.

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<v Speaker 3>All right, those are the some gainers. I got some decliners.

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<v Speaker 3>I want to start with one. In the hospitality industry,

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<v Speaker 3>Marriott International, the company said that room growth for twenty

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<v Speaker 3>twenty six would likely come in at the lower end

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<v Speaker 3>of earlier guidance. Shares fell by seven percent today it's

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<v Speaker 3>all about construction delays in the Middle East. It does

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<v Speaker 3>expect net unit growth toward the bottom of its earlier

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<v Speaker 3>forecast to four and a half to five percent, the

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<v Speaker 3>company said in a statement, and the conflict in the

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<v Speaker 3>Middle East could continue to affect resorts succording to Jennifer Mason,

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<v Speaker 3>the company's CFO. In the crypto world, shares of Circle

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<v Speaker 3>Internet Group, also known as Circle, fell today by about

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<v Speaker 3>three point six percent. We got a note from Morgan Stanley.

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<v Speaker 3>They downgraded Circle to underweight from equal weight, slash its

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<v Speaker 3>price target from one hundred and six dollars to thirty

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<v Speaker 3>eight dollars. That implies a thirty nine percent decrease from

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<v Speaker 3>last price. Morgan Stanley cided lower expectations for stable coin

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<v Speaker 3>circulation of you that Circle's business model too, will need

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<v Speaker 3>to transition from reserve income toward transaction based revenue. And finally,

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<v Speaker 3>a couple of restaurants on our radar. This afternoon, Sweet

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<v Speaker 3>Green shares fell eight point two percent. Young Brands down.

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<v Speaker 3>Let's go ahead and round that up to three percent.

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<v Speaker 3>The CDC said that two deaths have been identified as

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<v Speaker 3>part of the cyclospora outbreak affecting Michigan. We also got

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<v Speaker 3>the Bloomberg News report this afternoon. It said that Michigan

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<v Speaker 3>health authorities were actually in touch with Taco Bell's parent

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<v Speaker 3>company Young Brands, about a parasitic outbreak in early July.

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<v Speaker 3>That was weeks before the company officially alerted consumers, speaking

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<v Speaker 3>down eight point two. Young Brands, a parent of Taco Bell,

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<v Speaker 3>down two point nine percent.

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