Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Master, Tim Stenebeck, Romain, Bostik, and Scarlet Food.
Speaker 3: To the individual gainers Kroger number one gain in the SNP,
Speaker 3: nation's largest supermarket operator, sales surpassing expectations, COMP sales coming
Speaker 3: in better than expectations too. This is during the latest quarter,
Speaker 3: so consumers are still spending on groceries and other essentials
Speaker 3: even amid economic turbulence. So the company raised its full
Speaker 3: year guidance reaffirmed the rest of its outlook, citing an
Speaker 3: uncertain though macroeconomic environment. So Kroger, as I said, Number
Speaker 3: one gain in the sn P five hundred that' stock
Speaker 3: op just shy of ten percent. CarMax an outperformer, up
Speaker 3: nine and a half percent in its highs, finishing with
Speaker 3: a six point five percent gain. Number three gainer in
Speaker 3: the s and P five hundred reported first quarter comp
Speaker 3: sales and earnings per share that beat concessus estimate. Stock,
Speaker 3: though is still down about seventeen percent year to day.
Speaker 3: Eight percent of the float is short and so there's
Speaker 3: still some investors certainly within a wary eye to that one.
Speaker 3: GMS this one up almost twenty four percent. This company
Speaker 3: definitely in demand. Home Depot making an offer for the
Speaker 3: building product distributor, possibly setting off a bidding war with QXO,
Speaker 3: which this week made a five billion dollar offer for
Speaker 3: the company. The Wall Street Journal reporting this out initially yesterday.
Speaker 3: QXO has come out and said it will not raise
Speaker 3: its five billion dollar offer for the company. So keep
Speaker 3: an eye on this one. We'll probably watch that into
Speaker 3: next week.
Speaker 1: And I'm doing I love a good old fashioned bidding work.
Speaker 1: I mean, I guess it's not a bidding war too.
Speaker 1: EXO doesn't do anything, but.
Speaker 3: Close enough, Okay, close enough, we're gonna. We're gonna at
Speaker 3: least go with it. This is what I'm doing, because
Speaker 3: Tim's like Carol, you have to do Circle if you
Speaker 3: don't do anything else. Circle Internet up another twenty percent today.
Speaker 3: This is the company behind USDC, second largest stable coin
Speaker 3: by market share. It shares rallying again in today's session.
Speaker 3: It's up about six hundred and seventy maybe seventy percent.
Speaker 3: I'm meant to check the DEES screen. It is up
Speaker 3: a lot since it's IPO earlier, We'll just round up
Speaker 3: seven Seaport Global that came out and gave it its
Speaker 3: first by rating. In the wake of the US Senate's
Speaker 3: move this past week to pass legislation setting up regulatory
Speaker 3: rules for cryptocurrencies PEG to the dollars. So yeah, a
Speaker 3: super app orformer here. You're welcome.
Speaker 4: About time you okay, been up like every day he's
Speaker 4: been on my case. I have Hey, I want to
Speaker 4: get to the decliners in video shares falling today by
Speaker 4: about one point two percent. I watched shares of chip
Speaker 4: companies after the Journal reported that the US Commerce Department
Speaker 4: are rather an official in the US Commerce Department has
Speaker 4: told top semi companies that he wants to revoke those
Speaker 4: waivers they've used to access American tech in China. We
Speaker 4: saw LAMB Research fall Applied Materials KLA. They were among
Speaker 4: the biggest decliners in the socks and video though, also
Speaker 4: falling today about one point two percent. Also, keep an
Speaker 4: eye on shares of Accenture. They were down as much
Speaker 4: as close US to eleven percent after the company reported results.
Speaker 4: Analysts highlighted bookings as a weak spot. Bookings were down
Speaker 4: seven percent Bloomberg Intelligence says that that decline lower suggests
Speaker 4: soft discretionary it demand. The CEO in the earnings called
Speaker 4: Julie Sweet, said, the company quote continues to see a
Speaker 4: significantly elevated level of uncertainty in the global economic and
Speaker 4: geopolitical environment as compared to calendar year twenty twenty four. Interestingly, though,
Speaker 4: as opposed to what we saw with Booz Allen a
Speaker 4: few weeks ago. The company said that the Federal Business
Speaker 4: Division had an immaterial impact on the overall growth of
Speaker 4: the quarter. Shares down six point nine percent today. And finally,
Speaker 4: Smith and Wesson Brands, I didn't realize this was such
Speaker 4: a small market cap company. It's like three hundred and
Speaker 4: eighty million dollar company through an eighty six million dollar company.
Speaker 4: Shares down twenty percent today. They reported justed earnings per
Speaker 4: share for the fourth quarter that missed the average analyst estimate.
Speaker 4: The president's EO, Mark Smith said, looking at the overall
Speaker 4: firearms market, continue to see consumers generally being cautious due
Speaker 4: to macroeconomic factors pressuring discretionary spending, so people are pulling
Speaker 4: back on all kinds of purchases. I guess, at least
Speaker 4: according to the CEO of Smith and Wesson.
Speaker 1: All right, let's take a quick look at yields here.
Speaker 1: Modest the lines across the curve here on this Friday afternoon,
Speaker 1: we should point out on a weekly basis, it's really
Speaker 1: the short end of the curve the saw most of
Speaker 1: the action seeing yields their drop for a second straight
Speaker 1: week week. Meanwhile, on the longer end of the curve
Speaker 1: ten to thirty years, who actually had an increase in
Speaker 1: yields here, So it's seeping up the yield curve. In fact,
Speaker 1: the biggest deepening that we've seen in about a month
Speaker 1: on a weekly basis, and that of course is the
Speaker 1: setup heading into next weekend beyond as folks Carol start
Speaker 1: to refocus in on macro conditions and especially on the
Speaker 1: labor market.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
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