WEBVTT - Closing Bell: AMD Climbs, Warner Bros. Higher, Lockheed Martin 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 movers 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 Stenobeck, Romain Bostik, and Scarlett Food.

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<v Speaker 3>Let's get to some of the individual gainers in today's session.

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<v Speaker 3>There was a lot to choose from AMD. That's your

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<v Speaker 3>number one gainer in the Nasdaq one hundred, number two

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<v Speaker 3>gainer in the S and P five hundred, stock up

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<v Speaker 3>eight point eight percent. You really did see a broad

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<v Speaker 3>rally in the semiconductor space. But Piper Sandler said products

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<v Speaker 3>unveiled last week by AMD were positive and expects a

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<v Speaker 3>snapback for the GPU business in the company's fourth quarter.

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<v Speaker 3>You also had BNP Perryba come out an analysts. They're

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<v Speaker 3>saying in a call on AMD held with Friday with

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<v Speaker 3>analysts that they sent a reassuring message heading into results

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<v Speaker 3>next month with AI traction increasing for AMD's instinct GPUs. So,

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<v Speaker 3>so really a lot of optimism there when it comes

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<v Speaker 3>to a MD st latter next name for me, number

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<v Speaker 3>one gainer in the S and P five hundred, and

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<v Speaker 3>that stock up a just shy of eleven percent. So

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<v Speaker 3>pretty much closing at its best levels of the day.

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<v Speaker 3>China retail sales grew six point four percent last month.

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<v Speaker 3>That's the fastest pace is December of twenty twenty three

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<v Speaker 3>and exceeded all estimates. So those names like an SD

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<v Speaker 3>Lauder that have a big Chinese exposure really gaining today.

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<v Speaker 3>I should point out Nike, Starbucks Canada, Goose also gaining

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<v Speaker 3>in today's session. We also should point out that yesterday

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<v Speaker 3>some sad news from the St Laughter community. That is

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<v Speaker 3>that Leonard Lauder, which was one of the sons of st. Lauder,

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<v Speaker 3>the founder of the company, passing away a long time

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<v Speaker 3>obviously in terms of running and you know, strategy for

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<v Speaker 3>that company in particular. And then I just want to

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<v Speaker 3>mention WBD. I hope I gave the right ticker Warner

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<v Speaker 3>Brothers Discovery. Did I mess up?

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<v Speaker 1>You messed up?

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<v Speaker 3>I messed up. I've realized it. Yeah, yeah, but that's

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<v Speaker 3>not where I want to go. But anyway, WBD, Water

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<v Speaker 3>Brothers Discovery, that is your number two gainer. I believe

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<v Speaker 3>in the s and P. Five hundred forgive me Finley.

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<v Speaker 3>I messed up up seven point three percent Warner Brothers Discovery,

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<v Speaker 3>and that's after the company won support enough support from

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<v Speaker 3>creditors to overhaul its debt as part of a plan

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<v Speaker 3>to split the entertainment giment into two separate companies. I'm

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<v Speaker 3>so can I.

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<v Speaker 1>Just add a honorable mention? Because when I just ran,

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<v Speaker 1>when I ran the most, when I ran the most function.

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<v Speaker 1>The number one gainer across all of the tapes was

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<v Speaker 1>some tiny biotech company, regen Cell, which I might be mispronouncing.

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<v Speaker 1>It was basically a penny stock about a month ago.

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<v Speaker 1>It's now trading at fifty nine bucks a year. It

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<v Speaker 1>had a big stock split today thirty eight for one.

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<v Speaker 1>It rallied as much as four hundred percent on the day.

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<v Speaker 1>This was a stock that had a market cap of

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<v Speaker 1>a few hundred million dollars just a few weeks ago

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<v Speaker 1>and now has a market cap of almost thirty billion

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<v Speaker 1>dollars today.

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<v Speaker 3>What's the short position on that puppy? I haven't luckd but.

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<v Speaker 2>I'm sure not now. Not now.

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<v Speaker 4>Okay, let's get put out no profice, no revenue or

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<v Speaker 4>anything else to.

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<v Speaker 3>Yeah, that's a good honorable mention, good honorable mention.

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<v Speaker 4>Romane Joman always says the good honorable mentions. Hey, let's

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<v Speaker 4>start with Lockheed Martins in terms of decliners today, down

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<v Speaker 4>four percent. This news just breaking after and it's not

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<v Speaker 4>the reason why it's lower. Lockheed Martin did name a

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<v Speaker 4>new chief technology officer that just crossing moments ago we

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<v Speaker 4>did see US defense stocks erase earlier session gains that

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<v Speaker 4>we saw today. This after we heard from the President

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<v Speaker 4>who said heron wants to talk about de escalating the

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<v Speaker 4>conflict with Israel. North Grumman and El three Harris Technologies

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<v Speaker 4>also fell in terms of defense stocks today. Lockheed Martin,

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<v Speaker 4>though the worst performer on a percentage basis in the

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<v Speaker 4>S and P five hundred, also moving lower today. Energy

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<v Speaker 4>names among the worst performing sectors in the S and

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<v Speaker 4>P five hundred Diamondback Energy down two and a half percent.

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<v Speaker 4>Energy companies also falling with oil prices on expectations there

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<v Speaker 4>would be less disruption to oil supplies. Diamondback Energy the

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<v Speaker 4>worst performing energy name in the S and P five hundred,

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<v Speaker 4>and then a bioteme name that fell a lot today,

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<v Speaker 4>Serepta Therapeutics, down forty two percent. The company's gene therapy

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<v Speaker 4>for a real rare muscle disorder has been linked to

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<v Speaker 4>the death of a fifteen year old boy it's the

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<v Speaker 4>second patient to die of acute liver failure well being

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<v Speaker 4>treated with the therapy. Shares fel today by forty two percent.

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<v Speaker 5>Well on that note, thanks him, I guess I'll go

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<v Speaker 5>to yields. So there was a selloff in the bond market,

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<v Speaker 5>pretty much all across the curve of the back end

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<v Speaker 5>getting hit the hardest. That yields up by about six

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<v Speaker 5>to five bases points. Twenty year auction went off without

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<v Speaker 5>a hitch. But just so interesting when you have these

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<v Speaker 5>kind of headlines and you're still seeing selling in the

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<v Speaker 5>treasury market. Same with the dollar, just raises the question,

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<v Speaker 5>at least for me, like where do bonds and the

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<v Speaker 5>dollar fit as a safe haven asset in your portfolio.

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<v Speaker 5>I know we're all taking a breadth after Friday, but

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<v Speaker 5>there are still so many risks out there, and yes

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<v Speaker 5>they're hard to price, but at least we know that

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<v Speaker 5>they come from Aron in Israel right now, and yet

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<v Speaker 5>still we're not necessarily one hundred percent pricing that in

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<v Speaker 5>at all.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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