1 00:00:02,520 --> 00:00:09,719 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on the stock Mover's report 3 00:00:13,600 --> 00:00:16,560 Speaker 2: the companies making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,640 Speaker 2: with Carol Master, Tim Stenebeck, Romain, Bostik, and Scarlet. 5 00:00:21,079 --> 00:00:24,000 Speaker 3: Food to the S and P five hundred guys two 6 00:00:24,079 --> 00:00:27,479 Speaker 3: hundred and eighty six names hire in the SNP five hundred, 7 00:00:27,520 --> 00:00:30,040 Speaker 3: today's Scarlett two hundred and thirteen to the downside. 8 00:00:30,040 --> 00:00:31,720 Speaker 4: All right, let's take a look at the IMAPP. A 9 00:00:31,720 --> 00:00:34,760 Speaker 4: pretty mixed day, although there are more advancers than decliners. 10 00:00:34,760 --> 00:00:37,280 Speaker 4: When you look at the industry groups, energy stocks getting 11 00:00:37,280 --> 00:00:39,839 Speaker 4: one point seven percent, they're the best performers, followed by 12 00:00:39,840 --> 00:00:43,159 Speaker 4: materials and tech, each getting more than one percent. Your 13 00:00:43,240 --> 00:00:45,600 Speaker 4: laggards are healthcare, and that's really on the back of 14 00:00:45,680 --> 00:00:48,800 Speaker 4: centen plunging and utilities as well as financials, which had 15 00:00:48,800 --> 00:00:49,959 Speaker 4: gotten boost in recent days. 16 00:00:50,000 --> 00:00:53,120 Speaker 3: All Right, guys, let's go to some outperformance that we've seen. 17 00:00:53,159 --> 00:00:56,000 Speaker 3: I want to go to actually an index, the S 18 00:00:56,040 --> 00:00:58,600 Speaker 3: and P Global Clean Energy Transition Index. I wanted to 19 00:00:58,600 --> 00:01:01,880 Speaker 3: pull that up because that is up about one point 20 00:01:02,000 --> 00:01:05,400 Speaker 3: seven percent. Hired today after US XIZ tax scene as 21 00:01:05,440 --> 00:01:09,360 Speaker 3: an existential threat to the solar and wind industry was 22 00:01:09,440 --> 00:01:12,080 Speaker 3: stripped from the Senate GOP tax megabill that passed the 23 00:01:12,160 --> 00:01:15,880 Speaker 3: chamber in that tiebreaking vote yesterday. At Goldman Sachs Index 24 00:01:15,880 --> 00:01:18,280 Speaker 3: of renewables, by the way, trading at a fresh twenty 25 00:01:18,360 --> 00:01:21,640 Speaker 3: twenty one high. Renewable stocks around the globe. We've seen 26 00:01:21,760 --> 00:01:25,440 Speaker 3: rally also because we had another story on the Bloomberg 27 00:01:25,720 --> 00:01:28,959 Speaker 3: that just talked about these green related stock despite being 28 00:01:29,040 --> 00:01:33,560 Speaker 3: so much under pressure by the Trump administration, enjoying their 29 00:01:33,640 --> 00:01:36,240 Speaker 3: best quarter in almost half a decade. So I just 30 00:01:36,280 --> 00:01:39,000 Speaker 3: wanted to pull that out. We saw a bunch of 31 00:01:39,080 --> 00:01:41,560 Speaker 3: names in this sector higher. In fact, first Solar, let's 32 00:01:41,600 --> 00:01:43,960 Speaker 3: go to that one, a four point six percent at 33 00:01:43,959 --> 00:01:45,600 Speaker 3: the close. It was up as much as about nine 34 00:01:45,600 --> 00:01:47,920 Speaker 3: and a half percent earlier in the session. It's a 35 00:01:47,960 --> 00:01:50,960 Speaker 3: top gainer in the S and P five hundred. So 36 00:01:51,000 --> 00:01:54,240 Speaker 3: again having to do with that Senate budget bill that 37 00:01:54,320 --> 00:01:58,960 Speaker 3: passed through and some of that excise tax, as we said, 38 00:02:00,080 --> 00:02:03,800 Speaker 3: hold back, Yeah, we saw those names going higher. Sorry, 39 00:02:03,840 --> 00:02:05,320 Speaker 3: I'm really tired today. I'm having it. 40 00:02:05,440 --> 00:02:06,480 Speaker 5: Carol's having a tough day. 41 00:02:06,520 --> 00:02:07,440 Speaker 3: Are you having a tough day? 42 00:02:07,480 --> 00:02:09,959 Speaker 5: But the good news Romaine, this is her last day 43 00:02:09,960 --> 00:02:11,120 Speaker 5: in the office this week. 44 00:02:11,560 --> 00:02:14,440 Speaker 3: You guys are going to carry the manta tomorrow Tesla. 45 00:02:14,560 --> 00:02:16,799 Speaker 3: Let's go to Tesla up five percent, top gain or 46 00:02:17,240 --> 00:02:20,040 Speaker 3: in the Nasdaq one hundred, the second top gain or 47 00:02:20,080 --> 00:02:23,720 Speaker 3: the Nasdaq one hundred again up about five percent. Carmaker 48 00:02:23,720 --> 00:02:26,119 Speaker 3: posted a less drastic decline in vehicle sales, and most 49 00:02:26,120 --> 00:02:29,440 Speaker 3: pestemic pessimistic Alice feared it was down thirteen percent from 50 00:02:29,480 --> 00:02:32,000 Speaker 3: a year earlier, but Summit thought it could be down 51 00:02:32,120 --> 00:02:35,280 Speaker 3: maybe more than twenty percent. So kind of a sigh 52 00:02:35,320 --> 00:02:39,040 Speaker 3: of relief for those Tesla folks. All right, take it away, all. 53 00:02:39,000 --> 00:02:42,480 Speaker 5: Right, I am looking at the losers, and Tesla is 54 00:02:42,520 --> 00:02:46,639 Speaker 5: not one of them, even though those deliveries really massively 55 00:02:46,840 --> 00:02:51,840 Speaker 5: missed what people have been expecting. So anyway, Senteen is 56 00:02:51,960 --> 00:02:54,520 Speaker 5: I think the big story. I had a huge argument 57 00:02:54,560 --> 00:02:57,799 Speaker 5: with my Open Interest co host Katie Greifeld this morning. 58 00:02:57,960 --> 00:02:59,920 Speaker 5: I wanted to do this story and she was like, 59 00:03:00,000 --> 00:03:02,640 Speaker 5: who's heard of senteen. Well, it's a twenty eight billion 60 00:03:02,720 --> 00:03:08,720 Speaker 5: dollar ensurer that has twenty eight million customers. It's gotten 61 00:03:09,200 --> 00:03:14,720 Speaker 5: rocked because of that big, beautiful bill. Most of Centeen's 62 00:03:14,800 --> 00:03:20,000 Speaker 5: business is medicare or ACA, and that obviously being scaled back, 63 00:03:20,040 --> 00:03:22,360 Speaker 5: and this is going to result in earning's headwinds of 64 00:03:22,400 --> 00:03:25,880 Speaker 5: as much as one point eight billion dollars. A lot 65 00:03:25,919 --> 00:03:28,840 Speaker 5: of analysts, or at least two that I saw this 66 00:03:28,919 --> 00:03:31,640 Speaker 5: morning cutting their view on the health insurer maybe more 67 00:03:32,120 --> 00:03:33,040 Speaker 5: now that we're at the close. 68 00:03:33,320 --> 00:03:35,320 Speaker 4: It really goes to the idea that these health insurance 69 00:03:35,320 --> 00:03:37,720 Speaker 4: companies have been so consistent with be able to project 70 00:03:37,760 --> 00:03:39,960 Speaker 4: out what their financials look like that when they can't, 71 00:03:40,160 --> 00:03:41,560 Speaker 4: this is a kind of reaction they get. 72 00:03:42,040 --> 00:03:44,520 Speaker 5: Yeah, absolutely, and they're bringing down a lot of other 73 00:03:44,560 --> 00:03:48,840 Speaker 5: healthcare companies with them. Molina. I haven't pulled these up, 74 00:03:48,880 --> 00:03:53,040 Speaker 5: but Molina, Elevans, Oscar Health are all big losers today. 75 00:03:53,120 --> 00:03:55,320 Speaker 5: I want to move on to Intel because the chip 76 00:03:55,360 --> 00:03:59,520 Speaker 5: maker is off at the close after Reuter's reported that 77 00:03:59,560 --> 00:04:03,400 Speaker 5: the CEO lip Butan is exploring a potential strategy shift 78 00:04:03,400 --> 00:04:06,520 Speaker 5: in the foundry business that would entail no longer making 79 00:04:07,080 --> 00:04:11,560 Speaker 5: or marketing certain ship making technologies to external customers Reuter 80 00:04:11,680 --> 00:04:15,000 Speaker 5: citing people familiar there. We haven't independently confirmed it, but 81 00:04:15,080 --> 00:04:17,560 Speaker 5: you can definitely see that the shares are off for 82 00:04:17,760 --> 00:04:20,520 Speaker 5: and a quarter percent. And then I think Adobe is 83 00:04:20,560 --> 00:04:24,560 Speaker 5: an interesting loser today because of a big winner, right. 84 00:04:24,680 --> 00:04:27,920 Speaker 5: Figma is expected to be one of the biggest IPOs 85 00:04:27,960 --> 00:04:31,080 Speaker 5: this year. It almost got sold for twenty billion dollars 86 00:04:31,120 --> 00:04:35,440 Speaker 5: a couple of years ago, so it's a software design startup. 87 00:04:35,480 --> 00:04:37,600 Speaker 5: It only has like less than two hundred and fifty 88 00:04:38,480 --> 00:04:40,840 Speaker 5: million in revenue a quarter, So I guess a billion 89 00:04:40,920 --> 00:04:44,919 Speaker 5: a year twenty times sales seems I guess okay for 90 00:04:45,040 --> 00:04:47,960 Speaker 5: this kind of what I'm told is a very sticky 91 00:04:48,120 --> 00:04:53,800 Speaker 5: software service that could really impinge on Adobe and compete 92 00:04:54,240 --> 00:04:57,240 Speaker 5: with that company. And that's why Adobe is having a 93 00:04:57,279 --> 00:04:59,080 Speaker 5: tough day in the market to day, down three and 94 00:04:59,120 --> 00:04:59,680 Speaker 5: a half percent. 95 00:05:00,040 --> 00:05:02,159 Speaker 1: A lot of activity in the equity market today, but 96 00:05:02,240 --> 00:05:05,240 Speaker 1: even more activity when it comes to bonds. Treasury yields 97 00:05:05,279 --> 00:05:08,440 Speaker 1: bears deepening on the day as you see the mismatch 98 00:05:08,480 --> 00:05:10,279 Speaker 1: there between what we see on the shorter end of 99 00:05:10,279 --> 00:05:12,760 Speaker 1: the curve and the longer end of the curve. Yields 100 00:05:12,839 --> 00:05:15,600 Speaker 1: higher on your two year by only about a basis points, Bob, 101 00:05:15,640 --> 00:05:17,680 Speaker 1: about four to five basis points when you go from 102 00:05:17,720 --> 00:05:20,039 Speaker 1: ten to the thirty year levels. We should point out 103 00:05:20,080 --> 00:05:22,400 Speaker 1: some of this is related to some of the fiscal 104 00:05:22,440 --> 00:05:24,520 Speaker 1: issues going on here in the US, and some of this, 105 00:05:24,640 --> 00:05:27,520 Speaker 1: of course a bit of a rollover from what transpired 106 00:05:27,560 --> 00:05:30,839 Speaker 1: over in the UK earlier today, with some concerns about 107 00:05:30,880 --> 00:05:34,560 Speaker 1: the fiscal situation in the UK and whether they're equivalent 108 00:05:34,560 --> 00:05:37,520 Speaker 1: of the Treasury Secretary. Rachel Reads the Chancellor of the checker. 109 00:05:37,720 --> 00:05:38,479 Speaker 1: We'll keep her job. 110 00:05:40,160 --> 00:05:44,200 Speaker 2: This Stock Movers report from Bloomberg Radio. 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