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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this stock mover's report.

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Speaker 2: The company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Foo.

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Speaker 3: Most names in the S and P five hundred, three

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Speaker 3: hundred and sixty six teams to the appside, one hundred

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Speaker 3: and thirty three of the downside. Foreign Jake, go ahead,

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Speaker 3: go ahead, all right.

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Speaker 4: Let's talk about the circle. Pretty good breath. When it

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Speaker 4: comes to the sector performance. Eight of eleven sectors finishing

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Speaker 4: in the green. Three in the red. Materials you're outperformer

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Speaker 4: in a big way. That sector hired by two point

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Speaker 4: two percent. Financials not too far behind, one point eight

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Speaker 4: percent higher industrials, healthcare also catching a bit. In terms

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Speaker 4: of what didn't perform today, you can see information technology

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Speaker 4: US certainly worth a big chunk of the circle, but

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Speaker 4: it was communication services down one percent that was your

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Speaker 4: worst performal.

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Speaker 3: Carol, okay, Katie, all right, let's get to some of

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Speaker 3: the individual gainers on this Thursday. I'm going to go

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Speaker 3: to the fertilizer companies. We saw Mosaic. What did did

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Speaker 3: you grunt.

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Speaker 4: I think it was just shocked at Mosaic being up

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Speaker 4: so much.

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Speaker 3: Okay, Mosaic up six point two percent here at the close.

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Speaker 3: We did see fertilizer stocks as a whole moving higher.

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Speaker 3: This is after Ukraine said drones had hit two fertilizer

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Speaker 3: plants in Western Russia on concerns that geopolitical tensions will

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Speaker 3: affect supply chains for key crop nutrients. Keep in mind

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Speaker 3: these affected plants relatively small in context of overall fertilizer capacity.

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Speaker 3: But our own Bloomberg Intelligence alys Alexis Maxwell weighing and

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Speaker 3: saying the market priced and expectations for peace, which they're

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Speaker 3: now reversing. So that's why you saw those stocks on

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Speaker 3: the move higher. Concerns about shortages, but that certainly plays

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Speaker 3: into those who can deliver it and probably you know,

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Speaker 3: charge more and all that good stuff. Hey Eli, Lilly

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Speaker 3: at its highs today, up about three point eight percent,

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Speaker 3: finishing the day with a game of about one point

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Speaker 3: six percent. A next generation A B City shot from

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Speaker 3: Lily help patients lose almost a quarter of their body

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Speaker 3: weight in sixty eight weeks. Patients on the highest dose

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Speaker 3: of the drug experienced more than sixty two percent reduction

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Speaker 3: in knee pain according to a self reported questionnaire. We

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Speaker 3: are finding these drugs you lose weight, your overall health improves.

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Speaker 3: But this one some outperformance there, and so you definitely

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Speaker 3: saw investors moving into Eli Lilly and then just quickly

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Speaker 3: Disney certainly on our radar today up about two and

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Speaker 3: a half percent at the close. Disney agreeing to invest

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Speaker 3: a billion dollars in Open Ai and license iconic characters

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Speaker 3: for you some of the startups AI video platform platform.

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Speaker 3: We thought this was kind of interesting because Disney's so

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Speaker 3: protective of their IP, but nonetheless they definitely wanted some

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Speaker 3: kind of relationship with Open Ai, and so investors seem

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Speaker 3: to like it.

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Speaker 5: Don iss Haannah Miller reminded us they're suing mid Journey

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Speaker 5: for you know, creating stuff with characters. So anyway, those

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Speaker 5: are the gainers. I got the decliners. We got to

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Speaker 5: start with the Oracle down close to eleven percent today,

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Speaker 5: ten point nine percent we're seeing day since January. At

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Speaker 5: one point in the session it was down the most

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Speaker 5: going all the way back to two thousand and one.

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Speaker 5: This after the company escalated its spending on AI data

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Speaker 5: centers and other equipment at a raised more than one

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Speaker 5: hundred billion dollars in market value capex about twelve billion

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Speaker 5: dollars in the quarter. That's an increase from eight and

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Speaker 5: a half billion in the preceding period. Fiscal second quarter

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Speaker 5: cloud sales increase thirty four percent to close to eight

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Speaker 5: billion dollars. Also among the worst performers in the S

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Speaker 5: and P five hundred on a percentage basis, Robinhood Markets

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Speaker 5: down nine percent today. This after the company reported that

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Speaker 5: November trading volume saw a month over month decline due

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Speaker 5: to equity and crypto trading. November assets under custody are

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Speaker 5: three one hundred and twenty five billion dollars. This stock

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Speaker 5: still up more than two hundred and thirty percent so

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Speaker 5: far this year, and finally, shares of Rivian fell today

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Speaker 5: by six percent. They took it after the company and

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Speaker 5: built its own AI chip designed to replace in Nvidia

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Speaker 5: tech as part of a broader push to enhance the

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Speaker 5: automated driving vehicle capabilities in its future vehicles. So it's

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Speaker 5: going to equip the upcoming R two SUV with Rivian

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Speaker 5: Autonomy Processor one chips and a new light our sensor

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Speaker 5: that will help Rivian's efforts to eventually offer autonomous driving

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Speaker 5: capability once again. Rivian shares down today six percent.

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Speaker 1: All right, a quick check on yields, and we should

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Speaker 1: just point out not a whole lot happened today. In fact,

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Speaker 1: that screen there, we're just going to call it unch

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Speaker 1: across the board here we did get obviously a big

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Speaker 1: move lower yesterday here, but yield still been relatively elevated

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Speaker 1: relative to where they had been just a few months ago.

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Speaker 1: Here again a market right now still trying to suss

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Speaker 1: out what the Fed does next. We should point out

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Speaker 1: we had set Stashnik on a little bit early earlier,

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Speaker 1: who was talking about this increase in the Yolker, particularly

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Speaker 1: with the two tens, and saying that that's something that

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Speaker 1: we should keep an eye on. Though I think we

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Speaker 1: have some breaking news crossing the wire right now on Lululemon.

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Speaker 4: Absolutely, we'll get to the earnings, but let's talk about

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Speaker 4: the management change. They are announcing in a statement announcing

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Speaker 4: that Kelvin McDonald plants to step down as CEO and

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Speaker 4: member of the company's board of directors effective January thirty first,

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Speaker 4: twenty twenty six, also announcing that Marty Morphitz is Chair

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Speaker 4: of the board, will take on an expanded role as

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Speaker 4: executive chair effective immediately too, and this is, according to

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Speaker 4: the release, ensure the continued execution of the company's near

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Speaker 4: and long term growth strategy during this transition. Really, you

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Speaker 4: can see the share of spiking right now.

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Speaker 1: Yeah, Calvin McDonald thereon spike a lot more because they're

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Speaker 1: down like fifty percent this year.

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Speaker 3: Yeah, yeah, Calvin McDonald there since August of twenty eighteen.

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Speaker 3: It looks like so interesting to see these changes. Let's

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Speaker 3: go through some of their financial results, folks. Let's go

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Speaker 3: right to the outlook. Fourth quarter net revenue three point

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Speaker 3: five billion to three point five nine billion. The street

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Speaker 3: estimate was at the higher end, three point five to

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Speaker 3: nine billion. Let's go back to the third quarter. Third

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Speaker 3: quarter EPs two fifty nine. That's a beat to twenty

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Speaker 3: two was the street estimate. Third quarter total com sales

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Speaker 3: x FX up two percent. The estimate was a gain

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Speaker 3: of point seven two percent, so there's some outperformance there.

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Speaker 3: International comp sales for the third quarter x currency up

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Speaker 3: eighteen percent. That too, is way above the estimate street

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Speaker 3: estimate of ten point seven percent higher. And gross margin

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Speaker 3: for the third quarter fifty five point six percent. Again,

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Speaker 3: that's a better number. Than what the street was expecting.

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Speaker 3: They were looking for fifty four point four percent. But again,

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Speaker 3: in terms of the outlook, go ahead, remain Yeah.

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Speaker 1: Sorry, I didn't mean to cut you off, but I'm

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Speaker 1: starting to read to this release here, and I'm curious

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Speaker 1: about this idea that they don't actually have a successor

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Speaker 1: a setup for McDonald just yet. They're basically starting the search.

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Speaker 1: And it's never really a good sign when you basically

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Speaker 1: announce the departure of the CEO without actually announcing who

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Speaker 1: they're actually replacing that person with. So they basically got

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Speaker 1: what I'm not this correct, about seven or eight weeks

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Speaker 1: to figure this out before he leaves at the end

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Speaker 1: of January.

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Speaker 5: Well look, I mean you mentioned it this year. Shoes

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Speaker 5: down fifty one percent so far this year, Romaine shares

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Speaker 5: down from a twenty twenty three high more than sixty three.

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Speaker 5: There's been a lot of critics out there, not just

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Speaker 5: of the company, but even people formerly involved in the company.

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Speaker 5: Chip Wilson, for example, has been outspoken about what he

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Speaker 5: thinks should be done at Lululemons. So I agree, never

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Speaker 5: a good sign when they don't have a successor actually

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Speaker 5: lined up. But we'll see who they pick, and if

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Speaker 5: he or she can turn the ship around.

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Speaker 2: This stockmover's report from Bloomberg Radio. Check back with us

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