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Speaker 1: Bloomberg Audio Studios, Podcasts Radio News.

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Speaker 2: This is a closing bell on the Stock Movers podcast

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Speaker 2: the companies making moves at the close of US trading

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Speaker 2: with Carol Mass, Tim Stenoback, Romain Bostik, and Scarlett Food.

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Speaker 3: Let's get to the number one gainer in the S

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Speaker 3: and P five hundred. We're talking about Energy Energy Man.

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Speaker 3: That name is up about twenty six percent, so pretty

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Speaker 3: much holding on to all of its gains of the day.

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Speaker 3: This is after agreeing to acquire the net gas fired

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Speaker 3: powered assets from Ellis Power Equity Advisors. That was about

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Speaker 3: a twelve billion dollars deal including debt, so really some

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Speaker 3: outperformance there. Microchip. We saw the semiconductor space up overall,

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Speaker 3: but Microchip up about ten percent. Here also a top

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Speaker 3: gainer in the NASDAQ one hundred, City raising the firm's

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Speaker 3: price target on Microchip to fifty five from fifty and

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Speaker 3: keeping a buy rating on the share, saying the company

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Speaker 3: posted a decent quarter but guided revenue up eight percent

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Speaker 3: quarter zero over quarterba's the highest revenue growth in this sector. Again,

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Speaker 3: the analyst over at City putting out a note Apple

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Speaker 3: I mentioned the mag seven as a whole rallying in

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Speaker 3: today's session, Apple up about six percent. This is after

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Speaker 3: the Wall Street Journal came out and said the companies

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Speaker 3: considering raising iPhone prices, so that was certainly a catalyst,

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Speaker 3: and Shopify just had to mention up almost fourteen percent.

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Speaker 3: This is after the NASDAK announced late Friday after the

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Speaker 3: close that the company would replace Mango dB in the

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Speaker 3: Nasdaq one hundred prior to market open on May nineteenth.

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Speaker 3: So a bunch of gainers here. Over to Matthew Miller.

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Speaker 4: I'm looking at the losers today, and for much of

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Speaker 4: the day, Newmont Mining was at the bottom of the

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Speaker 4: list of the S and P five hundred. I don't

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Speaker 4: think it closed as the biggest loser, but with Gold

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Speaker 4: down in the last three trading sessions about two hundred dollars,

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Speaker 4: you could see why Newmont would sell off. Signa and

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Speaker 4: CBS are both owners of PBM's pharmacy benefit Managers, which

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Speaker 4: means they are the middleman that Donald Trump was talking

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Speaker 4: about this morning. He said he wants to cut out

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Speaker 4: the drug industry middleman as a way to reduce drug costs,

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Speaker 4: and as a result, those shares getting sold off pretty hard.

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Speaker 4: They were at varying points signa certainly the biggest loser

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Speaker 4: of the day on the S and P five hundred

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Speaker 4: and then Kroger I saw it was a big loser today.

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Speaker 4: In fact, the grocer sold off the most in two

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Speaker 4: years at one point. Today they don't own a PBM anymore.

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Speaker 4: They have in the past owned their own PBM and

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Speaker 4: partnered up with PBM. You can still get pharmacceuticals at Kroger.

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Speaker 4: They still have a pharmacy there. But in general, President

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Speaker 4: Trump has been talking about bringing down the price of groceries,

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Speaker 4: and I love the way he says that groceries and

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Speaker 4: Kroger was not a beneficiary of that today.

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Speaker 5: How does one otherwise say it?

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Speaker 4: He just enunciates each and every syllable groceries, and I

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Speaker 4: just appreciate it. I don't know if it's a New

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Speaker 4: York thing. Is that a normal thing for New yorkers?

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Speaker 3: Groceries groceries?

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Speaker 5: I don't know, I say groceries. I grew up in

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Speaker 5: New York. Anyway, AnyWho, to the ball market we go.

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Speaker 5: You're seeing it sell off pretty.

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Speaker 4: Much all across the curve.

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Speaker 5: That two year yield is up by eleven basis points,

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Speaker 5: closing right at that four percent level. Here's kind of

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Speaker 5: the why is we re rate the FED cuts. You're

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Speaker 5: looking at swaps tracking the upcoming Central Bank meeting showing

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Speaker 5: just fifty six basis points of easing by December, and

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Speaker 5: that's down a whopping seventy five basis points from last week.

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Speaker 5: So we've taken out about almost one full cut. But again,

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Speaker 5: it all feels like it's TBD. That front end is

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Speaker 5: very much where all the whippy action is going to be, guys,

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Speaker 5: And this gets.

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Speaker 1: So an idea whether the market rally, the equity market

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Speaker 1: rally is also a bit of TVD. We talk about

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Speaker 1: this idea of a new bowl market sort of taking

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Speaker 1: a foot at least for the Nasdaq one hundred. And

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Speaker 1: you look at what rose today, a seven percent gain

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Speaker 1: in the Philadelphia Semiconductor Index. But at the same time

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Speaker 1: you had that seven percent gain in now Transport, So

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Speaker 1: you had a lot of sectors today that at least

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Speaker 1: invest in the eyes of investors, seem to be getting

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Speaker 1: more of a long term reprieve, whether it's chip stocks,

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Speaker 1: whether it's in the travel space or in the consumer

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Speaker 1: durable space.

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Speaker 6: Absolutely, there's there's still a lot of uncertainty. Right I

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Speaker 6: was thinking about what David Bonson just told alex and

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Speaker 6: Romain about how before when you had one hundred and

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Speaker 6: forty five percent tariffs on Chinese imports, that was basically

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Speaker 6: a trade embargo. Now you have some trade, it's not

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Speaker 6: back to what it was. So something is better than nothing,

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Speaker 6: but there's still a lot of question marks, and it's

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Speaker 6: not like companies are going to be rushing to offer

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Speaker 6: new updated guidance.

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Speaker 4: Yeah.

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Speaker 3: Well, in terms of guidance, we're going to get some

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Speaker 3: reads on inflation this week's CPI and PPI, and so

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Speaker 3: we'll see whether or not the Fed's going to be

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Speaker 3: in a little bit of a trickier situation because even

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Speaker 3: if the tariffs aren't as onerous as it seems to

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Speaker 3: be going, especially when we look at what's going on

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Speaker 3: between US and China, we are going to be in

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Speaker 3: a higher tariff environment. And so what does that mean

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Speaker 3: overall for inflation longer term.

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Speaker 1: I'm just curious though, too. I mean, we're also going

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Speaker 1: to get some earnings reports this week, including from Walmart.

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Speaker 1: I think we get a lot more in terms of

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Speaker 1: the retail space the following week, but you do get

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Speaker 1: some companies that are going to have some insights into

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Speaker 1: what's going on with trade and whether they were impacted

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Speaker 1: like a Walmart, like a Cisco, and a few others

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Speaker 1: said I'm forgetting I think Berkinstacken's and they're oh dear,

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Speaker 1: that's the one.

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Speaker 6: I was thinking up.

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Speaker 2: Welcome the Stockmovers podcast from Bloomberg Radio. Check back with

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