WEBVTT - Closing Bell: Circle Soars, Kroger Beats, Nvidia Slumps

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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 the 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 Master, Tim Stenebeck, Romain, Bostik, and Scarlet Food.

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<v Speaker 3>To the individual gainers Kroger number one gain in the SNP,

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<v Speaker 3>nation's largest supermarket operator, sales surpassing expectations, COMP sales coming

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<v Speaker 3>in better than expectations too. This is during the latest quarter,

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<v Speaker 3>so consumers are still spending on groceries and other essentials

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<v Speaker 3>even amid economic turbulence. So the company raised its full

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<v Speaker 3>year guidance reaffirmed the rest of its outlook, citing an

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<v Speaker 3>uncertain though macroeconomic environment. So Kroger, as I said, Number

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<v Speaker 3>one gain in the sn P five hundred that' stock

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<v Speaker 3>op just shy of ten percent. CarMax an outperformer, up

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<v Speaker 3>nine and a half percent in its highs, finishing with

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<v Speaker 3>a six point five percent gain. Number three gainer in

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<v Speaker 3>the s and P five hundred reported first quarter comp

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<v Speaker 3>sales and earnings per share that beat concessus estimate. Stock,

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<v Speaker 3>though is still down about seventeen percent year to day.

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<v Speaker 3>Eight percent of the float is short and so there's

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<v Speaker 3>still some investors certainly within a wary eye to that one.

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<v Speaker 3>GMS this one up almost twenty four percent. This company

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<v Speaker 3>definitely in demand. Home Depot making an offer for the

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<v Speaker 3>building product distributor, possibly setting off a bidding war with QXO,

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<v Speaker 3>which this week made a five billion dollar offer for

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<v Speaker 3>the company. The Wall Street Journal reporting this out initially yesterday.

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<v Speaker 3>QXO has come out and said it will not raise

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<v Speaker 3>its five billion dollar offer for the company. So keep

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<v Speaker 3>an eye on this one. We'll probably watch that into

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<v Speaker 3>next week.

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<v Speaker 1>And I'm doing I love a good old fashioned bidding work.

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<v Speaker 1>I mean, I guess it's not a bidding war too.

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<v Speaker 1>EXO doesn't do anything, but.

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<v Speaker 3>Close enough, Okay, close enough, we're gonna. We're gonna at

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<v Speaker 3>least go with it. This is what I'm doing, because

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<v Speaker 3>Tim's like Carol, you have to do Circle if you

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<v Speaker 3>don't do anything else. Circle Internet up another twenty percent today.

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<v Speaker 3>This is the company behind USDC, second largest stable coin

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<v Speaker 3>by market share. It shares rallying again in today's session.

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<v Speaker 3>It's up about six hundred and seventy maybe seventy percent.

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<v Speaker 3>I'm meant to check the DEES screen. It is up

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<v Speaker 3>a lot since it's IPO earlier, We'll just round up

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<v Speaker 3>seven Seaport Global that came out and gave it its

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<v Speaker 3>first by rating. In the wake of the US Senate's

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<v Speaker 3>move this past week to pass legislation setting up regulatory

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<v Speaker 3>rules for cryptocurrencies PEG to the dollars. So yeah, a

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<v Speaker 3>super app orformer here. You're welcome.

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<v Speaker 4>About time you okay, been up like every day he's

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<v Speaker 4>been on my case. I have Hey, I want to

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<v Speaker 4>get to the decliners in video shares falling today by

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<v Speaker 4>about one point two percent. I watched shares of chip

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<v Speaker 4>companies after the Journal reported that the US Commerce Department

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<v Speaker 4>are rather an official in the US Commerce Department has

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<v Speaker 4>told top semi companies that he wants to revoke those

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<v Speaker 4>waivers they've used to access American tech in China. We

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<v Speaker 4>saw LAMB Research fall Applied Materials KLA. They were among

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<v Speaker 4>the biggest decliners in the socks and video though, also

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<v Speaker 4>falling today about one point two percent. Also, keep an

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<v Speaker 4>eye on shares of Accenture. They were down as much

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<v Speaker 4>as close US to eleven percent after the company reported results.

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<v Speaker 4>Analysts highlighted bookings as a weak spot. Bookings were down

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<v Speaker 4>seven percent Bloomberg Intelligence says that that decline lower suggests

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<v Speaker 4>soft discretionary it demand. The CEO in the earnings called

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<v Speaker 4>Julie Sweet, said, the company quote continues to see a

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<v Speaker 4>significantly elevated level of uncertainty in the global economic and

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<v Speaker 4>geopolitical environment as compared to calendar year twenty twenty four. Interestingly, though,

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<v Speaker 4>as opposed to what we saw with Booz Allen a

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<v Speaker 4>few weeks ago. The company said that the Federal Business

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<v Speaker 4>Division had an immaterial impact on the overall growth of

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<v Speaker 4>the quarter. Shares down six point nine percent today. And finally,

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<v Speaker 4>Smith and Wesson Brands, I didn't realize this was such

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<v Speaker 4>a small market cap company. It's like three hundred and

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<v Speaker 4>eighty million dollar company through an eighty six million dollar company.

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<v Speaker 4>Shares down twenty percent today. They reported justed earnings per

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<v Speaker 4>share for the fourth quarter that missed the average analyst estimate.

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<v Speaker 4>The president's EO, Mark Smith said, looking at the overall

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<v Speaker 4>firearms market, continue to see consumers generally being cautious due

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<v Speaker 4>to macroeconomic factors pressuring discretionary spending, so people are pulling

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<v Speaker 4>back on all kinds of purchases. I guess, at least

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<v Speaker 4>according to the CEO of Smith and Wesson.

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<v Speaker 1>All right, let's take a quick look at yields here.

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<v Speaker 1>Modest the lines across the curve here on this Friday afternoon,

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<v Speaker 1>we should point out on a weekly basis, it's really

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<v Speaker 1>the short end of the curve the saw most of

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<v Speaker 1>the action seeing yields their drop for a second straight

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<v Speaker 1>week week. Meanwhile, on the longer end of the curve

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<v Speaker 1>ten to thirty years, who actually had an increase in

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<v Speaker 1>yields here, So it's seeping up the yield curve. In fact,

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<v Speaker 1>the biggest deepening that we've seen in about a month

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<v Speaker 1>on a weekly basis, and that of course is the

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<v Speaker 1>setup heading into next weekend beyond as folks Carol start

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<v Speaker 1>to refocus in on macro conditions and especially on the

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<v Speaker 1>labor market.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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