Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Master, Tim Stenebeck, Romain Bostik, and Scarlett Fool.
Speaker 3: All right, so let's get to you some of the
Speaker 3: individual gainers. No surprise, I'm going to go to those
Speaker 3: regional bank names. Zion's Bancorp rallying after that thirteen percent
Speaker 3: decline yesterday, up almost six percent in today's session as
Speaker 3: a new set of earnings from some of the regional
Speaker 3: lenders were solid, so easing concerns about credit quality at
Speaker 3: some of the regional banks. So you look at Zion's,
Speaker 3: it was up five point eight percent, Truest, which came
Speaker 3: out with earnings today they were up about three point
Speaker 3: seven percent, and then Fifth Third that stock gained about
Speaker 3: one point three percent. I also do want to mention
Speaker 3: on Zion's upgraded to outperform from neutral at Baird, with
Speaker 3: the analyst noting that the selloff seemed excessive. So we
Speaker 3: definitely see some movement in those regionals to the upside.
Speaker 3: Got to mention American Express that one one of the
Speaker 3: top gainers in the SMP five hundred to gain the
Speaker 3: more than seven percent. In today's session, Amex reported earnings
Speaker 3: that beat expectations after unveiling that long anticipated Platinum credit
Speaker 3: card refresh last month. Yeah, it costs a lot. You
Speaker 3: get more benefits.
Speaker 4: It costs a lot.
Speaker 1: Can we talk about this? Sure because of someone who
Speaker 1: now is on the hook for it was eight ninety five.
Speaker 1: It's a lot, whatever it is. And that's on top
Speaker 1: of you know, what you pay for, you know, all
Speaker 1: these other high end cards as well. I need your help,
Speaker 1: Carol Master.
Speaker 3: Okay, I'm here to serve you, Romaine.
Speaker 4: What do you need?
Speaker 1: Okoy? Anyway, I need your credit card?
Speaker 3: No, no, I know, I know.
Speaker 1: Can you put me on your family plan or no?
Speaker 1: No no?
Speaker 3: But you also like have to pay for everybody else
Speaker 3: who's on the plane. I'm like, you know, kid's twenty two.
Speaker 3: I'm like, you're on your own now.
Speaker 4: Wow?
Speaker 3: No, not completely, not completely, but no, It's like, I
Speaker 3: don't know, do the benefits outweigh the cost?
Speaker 1: I don't know. We're about to find out, though, because
Speaker 1: it's certainly all all these prices keep going up. What
Speaker 1: else you got, Carl?
Speaker 3: All right, one more thing for you kenv You guys,
Speaker 3: that was up about eight point four percent in today's session,
Speaker 3: up the most since August twenty twenty four, at least
Speaker 3: on an inter day basis, rebounding from a sharp sell
Speaker 3: off yesterday that sent shows to a record low on
Speaker 3: news of a lawsuit in the UK related to the
Speaker 3: use of TALC baby powder. We know that that's been
Speaker 3: out there, Bloomberg Intelligence coming out and saying the size
Speaker 3: of thursday stock tumble dwarfs the claim size of the
Speaker 3: UK suit, So investors maybe agree with that, and so
Speaker 3: coming back into that stock.
Speaker 4: Yeah, we're talking about stocks in the green. Let's look
Speaker 4: at the stocks in the red or assets in the red.
Speaker 4: Gold peeling back from a pretty sharp rally. So we
Speaker 4: saw a number of companies that mine the precious metal
Speaker 4: under pressure. I want to focus on Neumont tigger ANYM
Speaker 4: down more than seven and a half percent, one of
Speaker 4: its worst days in quite some time, but still up
Speaker 4: more than one hundred and forty percent this year alone. Guys.
Speaker 4: This does also come after legendary investor Bill Gross came
Speaker 4: out saying that gold could be either a meme asset
Speaker 4: or a momentum asset. So certainly bit of pouring a
Speaker 4: bit of cold water on that rally, but still again
Speaker 4: precious metal up quite a bit. Also, want to talk
Speaker 4: about one of the more important stocks in the world,
Speaker 4: and that is Oracle, falling the most since January twenty seventh,
Speaker 4: down almost seven percent. This is again a top ten company,
Speaker 4: depending how you want to look at it, falling after
Speaker 4: suggesting that investors anticipate a smaller boost from AI infrastructure spending.
Speaker 4: This is a company that's partnered with open Ai, Meta
Speaker 4: Elon Musk's Xai, so dialing back their long range financial outlook. Guys,
Speaker 4: I don't know about you, but I feel like this
Speaker 4: was kind of the entire bowl case for the market
Speaker 4: and want to quickly hit.
Speaker 3: On there's still up seventy five percent this year, well, still.
Speaker 4: Up seventy five percent. Still, I don't know what did
Speaker 4: I say? Eight hundred and thirty or billion dollars in
Speaker 4: market coop, but focusing quickly on a smaller company Hymns
Speaker 4: and Hers. We saw sell off in Novo Nordisky Lily
Speaker 4: after President Trump talking about cutting the cost of those
Speaker 4: GLP ones. Will that hit Hymns and Hers? Tacker hims
Speaker 4: down sixteen percent? They help distribute some of these shots
Speaker 4: to consumers using their apps. So certainly a rough day
Speaker 4: depending where you sit in the health ecosystem.
Speaker 2: Overall.
Speaker 1: With equities, though, we did see a bit of a
Speaker 1: relief rally, if you will, you also saw a bit
Speaker 1: of relief in the treasury market as well. Treasuries down
Speaker 1: terms on a price basis which pushes the yield higher
Speaker 1: across the curve three to four basis points on the
Speaker 1: shorter end of the curve, about two to one on
Speaker 1: the longer end of the curve as well.
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