WEBVTT - Closing Bell: AMD Posts Best Three-Day Gain, AST Spacemobile Climbs, Fair Isaac Tumbles

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This is the closing bell on this stock mover's report.

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<v Speaker 2>The company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenovak, Romaine Bostic, and Scarlet Fool.

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<v Speaker 1>S and P five hundred decidedly in record territories sixty.

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<v Speaker 3>Seven fifty three.

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<v Speaker 1>En change is we wait for these numbers to settle

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<v Speaker 1>up about thirty nine points or six tens of one percent,

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<v Speaker 1>the NASAK composite adding more than two hundred points or

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<v Speaker 1>a percent on the day, a three hundred point gain

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<v Speaker 1>for the Nasdaq one hundred percent on the day, both

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<v Speaker 1>at record highs. It looks like the Dow Jones Industrial

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<v Speaker 1>Average is going to close basically unchange on the day,

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<v Speaker 1>and the Russell two thousand participating in the action as well,

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<v Speaker 1>again of about twenty six points here on the day,

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<v Speaker 1>one percent and just about four point shy of its

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<v Speaker 1>most recent record high.

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<v Speaker 4>And digging a bit deeper into where a lot of

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<v Speaker 4>these stocks landed here, particularly in the S and P

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<v Speaker 4>five hundred, We've got about two hundred and sixty three

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<v Speaker 4>that settled up in the green two hundred and thirty

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<v Speaker 4>seven down here only three unchanged.

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<v Speaker 5>All right, it's circle time. Let's take a look at

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<v Speaker 5>the sectors right now.

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<v Speaker 3>More this Osboro or what is it?

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<v Speaker 5>Or if it's a snake that eats itself not well,

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<v Speaker 5>maybe it is what you're seeing today, at least when

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<v Speaker 5>it comes to the tech sector. But that's what's outperforming

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<v Speaker 5>Tech up one and a half.

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<v Speaker 3>And what is that?

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<v Speaker 5>Something I think that has to do with meat and

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<v Speaker 5>like maybe eating the marrow out of a bone. But

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<v Speaker 5>industrials also had a great day. Romaine ther second best

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<v Speaker 5>performing sector on the day.

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<v Speaker 3>Would didn't do too hot.

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<v Speaker 5>Financials that was your biggest loss leader, at least from

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<v Speaker 5>a points basis. We know the big bank earnings kickoff

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<v Speaker 5>pretty soon, Consumer stables, energy, and real estate. Also following over, we.

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<v Speaker 3>Just heard from Betsy graycech Over at Mortus Stanley. She's

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<v Speaker 3>actually pretty bullish about this earning season for yeah, big time.

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<v Speaker 5>She told us to buckle up.

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<v Speaker 3>She did unbuckled. What's next.

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<v Speaker 4>Let's take a look at some of the gainers that

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<v Speaker 4>we saw in the SAP, five hundred of them. To

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<v Speaker 4>look at ast Space Mobile. This is a company that

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<v Speaker 4>really spends a lot of its time in space. It

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<v Speaker 4>actually has a strong competition here with SpaceX their starlink there,

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<v Speaker 4>so we did see shares climbing earlier for double digit games,

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<v Speaker 4>but closing about eight percent higher at the closing bill.

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<v Speaker 4>This is after the company signed an agreement with Verizon

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<v Speaker 4>here to provide direct to cellular connectivity when needed for

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<v Speaker 4>customers starting next year. So we had William Blair saying

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<v Speaker 4>that this is really a competitive deal here for Verizon

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<v Speaker 4>specifically over SpaceX's starlink here, so one to definitely follow.

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<v Speaker 4>But of course, as we've been talking so much about AI,

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<v Speaker 4>we cannot stop talking about that story here. Shares of

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<v Speaker 4>AMD also in focus, up eleven percent today. I mean,

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<v Speaker 4>this has been a company that we've been talking about

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<v Speaker 4>quite some time as you think about it, with the

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<v Speaker 4>likes of Nvidia and a few of its other peers.

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<v Speaker 4>But the news today, of course Nvidia agreeing to invest

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<v Speaker 4>as much as one hundred billion dollars in open AI

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<v Speaker 4>to fund a data center build out. So of course

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<v Speaker 4>that's really a broader scope here. But this open IAI

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<v Speaker 4>is striking a deal with in video Arrival AMD to

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<v Speaker 4>deploy tens of billions of dollars worth of chips here.

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<v Speaker 4>Open AI is poised to become one of AMD's largest shareholders.

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<v Speaker 4>Really seeing a buoy to the sock here. And lastly,

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<v Speaker 4>let's look at the beauty space. I'm looking at shares

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<v Speaker 4>of Elf Beauty right now. Shares ended about three percent

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<v Speaker 4>higher at the closing bell. It actually got a price

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<v Speaker 4>target lift. At Morgan Stanley, the analyst over there is

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<v Speaker 4>really pointing toward a very strong launch for its Road

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<v Speaker 4>brand at Sephora. I don't know if you guys are familiar.

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<v Speaker 4>That's Hailey Bieber. Her makeup brand is called Road. Apparently

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<v Speaker 4>they had a very strong launch at the Sophora's store

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<v Speaker 4>is here, So you are seeing the lyft as Morgan

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<v Speaker 4>Stanley is pushing the price target up to a street high.

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<v Speaker 5>We're actually well versed in makeup books.

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<v Speaker 4>Okay, yeah, we are, we are. We are.

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<v Speaker 5>All right, decliners. What's up?

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<v Speaker 6>Well, it's green and is green Katie. But there are

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<v Speaker 6>a few stocks that fell today. One of them is

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<v Speaker 6>fair Isaac. You and I probably know that more commonly

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<v Speaker 6>as Fyco, and is falling not because of news specific

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<v Speaker 6>to Fico itself, but because of news from its competitor Equifax,

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<v Speaker 6>saying that it will offer its Vantage score four point

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<v Speaker 6>zero service to mortgage credit scores at four dollars fifty

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<v Speaker 6>cents through the end of twenty twenty seven. Remember last week,

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<v Speaker 6>FICO said it will sell credit scores directly to mortgage

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<v Speaker 6>resellers and Equifax saying that its move is a direct

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<v Speaker 6>response to what FICO is doing there. So it's a

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<v Speaker 6>little bit of a tussle between credit score provider. Is

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<v Speaker 6>a very interesting space there, but certainly FICO taking the

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<v Speaker 6>brunch of that pain from that news today. Another decliner

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<v Speaker 6>I want to pay attention to today is, of course

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<v Speaker 6>Warner Brothers those shares down after we did get news

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<v Speaker 6>people familiar with saying that Paramount Skydance has discussed its

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<v Speaker 6>interest in according to Warner Brothers Discovery with Legendary Entertainment

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<v Speaker 6>and Apollo Global Management. Now the talk seem to be

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<v Speaker 6>related specifically to Legendary's investment in some key film franchise.

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<v Speaker 6>It's ever heard of Dune or Godzilla. So these are

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<v Speaker 6>some of the asses that are potentially being discussed here.

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<v Speaker 6>And the bottom line is this looks like this is

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<v Speaker 6>going to be another delay to this potential acquisition. They

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<v Speaker 6>were hoping to get this done before the Warner Brothers

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<v Speaker 6>split in early twenty twenty six. But another road black And.

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<v Speaker 3>Have you actually seen Dune? Christine saw the Oh really

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<v Speaker 3>you liked it? I mean it's interesting. Yeah, it's not

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<v Speaker 3>in my cup of tea.

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<v Speaker 4>Necessarily, So would it watch it again?

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<v Speaker 6>Yeah? Yeah, no, I wouldn't watch it again. I may

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<v Speaker 6>have fallen asleep in the middle of it.

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<v Speaker 3>Oh.

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<v Speaker 5>I actually did fall asleep in theaters during Dune too,

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<v Speaker 5>but that's because we went to a midnight showing and

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<v Speaker 5>you know, that's a young man's game.

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<v Speaker 3>But great movie.

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<v Speaker 4>Oh there you go.

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<v Speaker 3>Yeah.

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<v Speaker 1>How about that bond market though, yeah, how about that

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<v Speaker 1>bond market?

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<v Speaker 3>Well, not a whole lot. I mean, I don't know

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<v Speaker 3>if you.

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<v Speaker 1>Heard Katie Gryfield, but there was a tale on the

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<v Speaker 1>most recent ten years here. Actually, in all serious is though,

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<v Speaker 1>you'dn't really seen a whole lot of activity. A little

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<v Speaker 1>bit of activity on the longer end of the curve,

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<v Speaker 1>but that was mostly selling and pushing yields higher by

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<v Speaker 1>about two basis points, a very very modest bid on

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<v Speaker 1>the long end of the curve, with that thirty year

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<v Speaker 1>yield just down less than a basis point.

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<v Speaker 2>This stock movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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