1 00:00:02,520 --> 00:00:07,040 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 --> 00:00:21,479 Speaker 2: with Carol Master, Tim Stenebeck, Romain, Bostik, and Scarlet, Foo. 5 00:00:22,680 --> 00:00:25,360 Speaker 3: S and P five hundred most names in the index 6 00:00:25,440 --> 00:00:27,720 Speaker 3: lower today three hundred and fifty eight to the downside, 7 00:00:27,800 --> 00:00:29,800 Speaker 3: Katie one hundred and forty five to the upside. 8 00:00:30,000 --> 00:00:32,080 Speaker 1: Yeah, let's take a look at the sector breakdown here. 9 00:00:32,320 --> 00:00:35,080 Speaker 1: I want to read to talk about you have big 10 00:00:35,120 --> 00:00:38,479 Speaker 1: Tech is the biggest decliner on a points basis when 11 00:00:38,560 --> 00:00:41,279 Speaker 1: take a look at sector's Consumer discretionary also taking a 12 00:00:41,320 --> 00:00:44,160 Speaker 1: big hit as well. If you are looking for bright spot, 13 00:00:44,159 --> 00:00:46,599 Speaker 1: there's a little bit of green there in health care, 14 00:00:46,600 --> 00:00:48,839 Speaker 1: a lot of that coming from Eli Lilly. There's a 15 00:00:48,880 --> 00:00:52,920 Speaker 1: plan that US health officials are considering to expand Medicare 16 00:00:52,920 --> 00:00:55,680 Speaker 1: weight loss coverage to GLP ones. So you can thank 17 00:00:55,720 --> 00:00:57,840 Speaker 1: Eli Lilly for that little bit of green on the circle. 18 00:00:57,840 --> 00:01:01,200 Speaker 3: Carol, that's mostly a tomato that is largely ripe. I'm 19 00:01:01,240 --> 00:01:03,080 Speaker 3: just going to say that let's get to some of 20 00:01:03,080 --> 00:01:05,440 Speaker 3: the individual gainers, and there are some big ones which 21 00:01:05,480 --> 00:01:08,600 Speaker 3: reminds us that even in a market where there's volatility 22 00:01:08,720 --> 00:01:11,000 Speaker 3: or it's down on the day, that there can be 23 00:01:11,120 --> 00:01:14,039 Speaker 3: some outperformance always happens. So I'm going to go to 24 00:01:14,200 --> 00:01:15,840 Speaker 3: what is the top gainer in the S and P 25 00:01:16,000 --> 00:01:20,520 Speaker 3: five hundred tickers MPWR. We're talking about Monolithic Power Systems. 26 00:01:20,880 --> 00:01:23,800 Speaker 3: This stock soaring in today's session, up about ten and 27 00:01:23,840 --> 00:01:26,160 Speaker 3: a half percent here at the close. It's a semi 28 00:01:26,200 --> 00:01:30,360 Speaker 3: device company, thirty seven billion dollar market cap. It did 29 00:01:30,400 --> 00:01:32,440 Speaker 3: come out with its second quarter results and they did 30 00:01:32,440 --> 00:01:35,960 Speaker 3: beat expectations. They also gave an outlook that was above 31 00:01:35,959 --> 00:01:38,880 Speaker 3: the Alice consissus. It's a stock that's been outperforming this year. 32 00:01:38,920 --> 00:01:42,400 Speaker 3: It's up more than thirty percent. First Solar who to 33 00:01:42,520 --> 00:01:45,560 Speaker 3: thunk this one too, is the third best performer in 34 00:01:45,560 --> 00:01:47,640 Speaker 3: the SMP five hundred, up as much as eight and 35 00:01:47,680 --> 00:01:50,240 Speaker 3: a half percent earlier in the session, finishing the day 36 00:01:50,240 --> 00:01:52,920 Speaker 3: with a gain of about five point three percent. The 37 00:01:52,960 --> 00:01:56,240 Speaker 3: renewable energy company boosting its net sales forecast for the 38 00:01:56,280 --> 00:01:58,720 Speaker 3: full year. We got these numbers after the closed last night. 39 00:01:59,040 --> 00:02:01,680 Speaker 3: TD Cowen reason its price target to two twenty from 40 00:02:01,720 --> 00:02:04,840 Speaker 3: two hundred, stock closing just below one hundred and eighty 41 00:02:04,840 --> 00:02:07,560 Speaker 3: four A share of the CEO coming out and on 42 00:02:07,600 --> 00:02:10,280 Speaker 3: the earnings call, said First Solar is in a greater 43 00:02:10,320 --> 00:02:13,600 Speaker 3: position of strength after the passage of President Trump's tax 44 00:02:13,639 --> 00:02:16,560 Speaker 3: and spending law than it was following Joe Biden's landmark 45 00:02:16,600 --> 00:02:19,480 Speaker 3: twenty twenty two climate law. He says he sees the 46 00:02:19,480 --> 00:02:23,000 Speaker 3: Trump law driving demand for its domestically produced solar panels, 47 00:02:23,160 --> 00:02:26,040 Speaker 3: and says that the law places restrictions. I'm manufacturing tax 48 00:02:26,080 --> 00:02:29,600 Speaker 3: credits for products tied to China, so something to remember 49 00:02:30,200 --> 00:02:32,440 Speaker 3: amid this tariff trade war, if you will, And then 50 00:02:32,480 --> 00:02:34,440 Speaker 3: got to mention Reddit, thank you so much for tim 51 00:02:34,440 --> 00:02:36,480 Speaker 3: saying you got to do this one. It's up about 52 00:02:36,520 --> 00:02:39,760 Speaker 3: seventeen and a half percent after the close. Here the 53 00:02:39,760 --> 00:02:42,400 Speaker 3: company reported its most profitable quarter to date and projected 54 00:02:42,440 --> 00:02:46,079 Speaker 3: third quarter sales at FORSA passed analyst expectations, signally the 55 00:02:46,080 --> 00:02:49,480 Speaker 3: strength of its growing ad business. One analyst at eMarketer 56 00:02:49,600 --> 00:02:52,760 Speaker 3: said Reddit is finally figuring out how to monetize eyeballs, 57 00:02:53,040 --> 00:02:56,120 Speaker 3: not just accumulate them. So investors definitely like this one. 58 00:02:56,280 --> 00:02:58,760 Speaker 4: Okay, some of the gainers. I got some decliners here. 59 00:02:58,800 --> 00:03:01,600 Speaker 4: I want to start with Amazon, because Sharfes felt today 60 00:03:01,639 --> 00:03:04,760 Speaker 4: eight point three percent The company shed over two hundred 61 00:03:04,919 --> 00:03:09,360 Speaker 4: billion dollars in market cap. Just today, Amazon predicted weaker 62 00:03:09,400 --> 00:03:12,639 Speaker 4: than expected operating income and trailed the sales growth of 63 00:03:12,760 --> 00:03:15,200 Speaker 4: some of the cloud rivals that we've already heard from 64 00:03:15,440 --> 00:03:18,760 Speaker 4: Andy Jasse, the company CEO, remember he was in charge 65 00:03:18,800 --> 00:03:21,000 Speaker 4: of AWS until a few years ago. He said it 66 00:03:21,000 --> 00:03:23,480 Speaker 4: was quote very early days in AI, and then the 67 00:03:23,480 --> 00:03:26,120 Speaker 4: company's efforts to lower the cost of running AI apps 68 00:03:26,400 --> 00:03:28,959 Speaker 4: would draw more customers over time. 69 00:03:29,200 --> 00:03:29,680 Speaker 2: We spoke to. 70 00:03:29,720 --> 00:03:32,320 Speaker 4: Laura marden over at Needham a little earlier in our program. 71 00:03:32,480 --> 00:03:34,840 Speaker 4: She said it was very strong revenue growth, very strong 72 00:03:34,880 --> 00:03:39,360 Speaker 4: EPs and margins, but that tepid guidance really got investors 73 00:03:39,360 --> 00:03:41,560 Speaker 4: also some concern about the next shoot a drop when 74 00:03:41,560 --> 00:03:45,040 Speaker 4: it comes to tariffs. Moving on to Apple, shares fell 75 00:03:45,120 --> 00:03:47,320 Speaker 4: two and a half percent, but earlier in the session 76 00:03:47,440 --> 00:03:50,400 Speaker 4: up as much as two point nine percent. The company 77 00:03:50,400 --> 00:03:52,840 Speaker 4: did report its fastest quarterly revenue growth in more than 78 00:03:52,880 --> 00:03:55,600 Speaker 4: three years. Revenue rows nine point six percent to ninety 79 00:03:55,600 --> 00:03:59,040 Speaker 4: four billion dollars in the fiscal third quarter. The number 80 00:03:59,080 --> 00:04:01,840 Speaker 4: of iPhones and then or should say, the amount of 81 00:04:01,880 --> 00:04:05,680 Speaker 4: money brought in from iPhones just blue past expectations more 82 00:04:05,680 --> 00:04:08,560 Speaker 4: than four billion dollars to the upside. There still shares 83 00:04:08,600 --> 00:04:10,720 Speaker 4: fell two and a half percent today, and find the 84 00:04:10,760 --> 00:04:13,920 Speaker 4: Coinbay shares down close to seventeen percent sixteen point seven 85 00:04:13,920 --> 00:04:16,680 Speaker 4: percent of the downside. The company did report lower than 86 00:04:16,800 --> 00:04:20,200 Speaker 4: estimated second quarter revenue amid a drop in digital asset 87 00:04:20,400 --> 00:04:21,440 Speaker 4: market volatility. 88 00:04:22,720 --> 00:04:26,760 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 89 00:04:26,839 --> 00:04:29,400 Speaker 2: us throughout the day for the latest roundup of companies 90 00:04:29,480 --> 00:04:32,560 Speaker 2: making news on Wall Street and for the latest market 91 00:04:32,600 --> 00:04:37,039 Speaker 2: moving headlines. 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