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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Carol Masser along.

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Speaker 4: With Tim Stanovich. Let's get to some stocks on the

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Speaker 4: move on this Thursday with us as Bloomberg News senior

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Speaker 4: reporter and deputy team leader for US Equities Jess Manton.

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Speaker 3: And Jess, we are seeing.

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Speaker 4: IPOs in another one today it is and.

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Speaker 3: It's really hot on this especially.

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Speaker 5: We're keeping a lot of our reporters busy with Bailey

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Speaker 5: Lipschultz or a key IPO reporter, as well as Georgie

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Speaker 5: McKay on equities team. So looking at Figure Technology, the

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Speaker 5: ticker is f IGR. So this is the latest tech

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Speaker 5: company to benefit from investors newfound appetite like Carol is

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Speaker 5: talking about for IPO space. So this company is actually

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Speaker 5: a blockchain lender. And if you're looking at what happened

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Speaker 5: with today's trades, so it actually began trading on the

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Speaker 5: NASDAC under that ticker, and it opened at thirty six dollars.

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Speaker 5: While it's pulled back slightly from that, it's currently trading

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Speaker 5: around thirty one dollars fifty cents. That's still above word

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Speaker 5: IPO at twenty five dollars, so that actually gives it

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Speaker 5: a figure around raising around seven hundred and eighty seven

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Speaker 5: million here, and it really joins this growing list of unicorns,

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Speaker 5: which is really important context when we think about the

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Speaker 5: IPO market the last few years, but then looking ahead

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Speaker 5: in what it means here, so this buy now, pay later.

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Speaker 5: The lending company Klarna actually made its stock debut just yesterday,

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Speaker 5: so it rose nearly fifteen percent from its IPO price.

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Speaker 5: Then you also have other stable coin providers like Circle

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Speaker 5: earlier this year, as well as design software platform Figma,

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Speaker 5: So you'd really have a lot of momentum going right

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Speaker 5: now as far as what's going on in that type

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Speaker 5: of space, and particularly in the crypto area as well.

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Speaker 1: Yeah, Gem and I the winkle Y crypto exchange. Then

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Speaker 1: outside of crypto, even more IPOs on the horizon, Blackrock

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Speaker 1: Coffee legions, and then via the rideshare app. Yes, we

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Speaker 1: expected ipo too.

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Speaker 3: So we have a busy few week this week as well.

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Speaker 5: And then of course, actually if you put in context

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Speaker 5: for this week, this is the busiest week for IPOs

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Speaker 5: since arm in twenty twenty three, So we have stub

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Speaker 5: Hub actually coming next week, so that's the ticket resale company.

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Speaker 3: Unbelievable.

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Speaker 4: But you know you've got to market that's hitting records, right,

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Speaker 4: So if you want to introduce a new issue, this

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Speaker 4: is probably.

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Speaker 3: The market to do. To the economy too.

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Speaker 2: Yeah.

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Speaker 3: Yeah. Senteen is another one that you're watching. Yeah, that's moving.

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Speaker 3: The ticker is CNC, so this is a health insurance.

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Speaker 5: Was the top performer in the S and P five

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Speaker 5: hundred earlier day if you were looking at the MLV function.

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Speaker 5: Now it's in the top three, behind Synopsis and Warner Brothers.

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Speaker 5: But actually reaffirmed its annual earnings outlook that it actually

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Speaker 5: had already issued in July.

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Speaker 3: So it did reaffirm that.

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Speaker 5: It also gave partisitive views on Medicare star ratings and

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Speaker 5: said it expects cost improvements in its medicaid business. If

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Speaker 5: you look at some of its peers like Molina Healthcare MOHS,

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Speaker 5: the ticker on that up six percent. Also, Elevant's Health

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Speaker 5: is up two point six percent as well, so you're

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Speaker 5: seeing its peers moving. But I want to put in

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Speaker 5: context if you at year to date through yesterday's close,

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Speaker 5: for centeen, its stock had dropped nearly fifty percent this year,

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Speaker 5: so still has a long way to go. If you

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Speaker 5: look on the cell side, the A and R function

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Speaker 5: of the terminal five buys fifteen holds one cell. Barclay's

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Speaker 5: strategist Andrew Mock he actually is an equal weight rating

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Speaker 5: on the stock. He was talking about how that Medicare

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Speaker 5: update was better than feared, with the company seeing medical

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Speaker 5: cost improvement in the.

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Speaker 3: Second half of the year.

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Speaker 5: So you're seeing some bright spots there, but still really

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Speaker 5: tough year when you were looking at where that year

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Speaker 5: to date performance was before today's.

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Speaker 1: Games, Okay, well, not a tough year for Oracle. I

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Speaker 1: know this is a big one. Yesterday it was, and

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Speaker 1: today maybe giving up some of those games.

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Speaker 5: Our CL's the ticker down a little over six percent

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Speaker 5: right now, so on pace for its worst day since

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Speaker 5: April fourth, from earlier this year. So you were just

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Speaker 5: alluding to tim the massive run that we saw in

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Speaker 5: this stock yesterday, so it had really historic rally. It

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Speaker 5: actually was up thirty six percent on Wednesday, so that

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Speaker 5: was its best day since nineteen ninety two. So the

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Speaker 5: context there, it had reported this stellar cloud demand numbers

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Speaker 5: and then The Wall Street Journal on top of that,

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Speaker 5: yesterday also had reported that Oracle had struck a three

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Speaker 5: hundred billion dollar deal with open Ai. But if you're

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Speaker 5: looking today, actually GP Morgan, the Drivets decks, they actually

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Speaker 5: had been crunching numbers on the retail investors side of things.

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Speaker 5: So you actually saw retail investors selling aggressively into Oracles

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Speaker 5: rally yesterday after buying those shares on Monday and Tuesday,

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Speaker 5: So you have a bit of a retail story there.

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Speaker 5: And then of course, if you look beyond that, as

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Speaker 5: well as some of the other peers that were outperforming

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Speaker 5: yesterday too. Broadcom AVGOS the ticker symbol, that stock's also

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Speaker 5: down more than two percent today.

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Speaker 3: That had been among some of the big gainers yesterday.

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Speaker 5: And then of course I have to point out Vistra

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Speaker 5: vst is down more than two percent as well. That's

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Speaker 5: tied to the data centers that had been jumping yesterday,

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Speaker 5: as well as AMD Advanced micro Devices. But both of

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Speaker 5: those stocks are also lower on the back of this,

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Speaker 5: after a lot of them had a tremendous run yesterday.

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Speaker 2: The stock mover's report from Bloomberg Radio check back with

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Speaker 2: us throughout the day, for the latest roundup of companies

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Speaker 2: making news on Wall Street, and for the it is

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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