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 Masser, Tim Stenovak, Romaine Bostic, and Scarlet Fool.
Speaker 1: S and P five hundred decidedly in record territories sixty.
Speaker 3: Seven fifty three.
Speaker 1: En change is we wait for these numbers to settle
Speaker 1: up about thirty nine points or six tens of one percent,
Speaker 1: the NASAK composite adding more than two hundred points or
Speaker 1: a percent on the day, a three hundred point gain
Speaker 1: for the Nasdaq one hundred percent on the day, both
Speaker 1: at record highs. It looks like the Dow Jones Industrial
Speaker 1: Average is going to close basically unchange on the day,
Speaker 1: and the Russell two thousand participating in the action as well,
Speaker 1: again of about twenty six points here on the day,
Speaker 1: one percent and just about four point shy of its
Speaker 1: most recent record high.
Speaker 4: And digging a bit deeper into where a lot of
Speaker 4: these stocks landed here, particularly in the S and P
Speaker 4: five hundred, We've got about two hundred and sixty three
Speaker 4: that settled up in the green two hundred and thirty
Speaker 4: seven down here only three unchanged.
Speaker 5: All right, it's circle time. Let's take a look at
Speaker 5: the sectors right now.
Speaker 3: More this Osboro or what is it?
Speaker 5: Or if it's a snake that eats itself not well,
Speaker 5: maybe it is what you're seeing today, at least when
Speaker 5: it comes to the tech sector. But that's what's outperforming
Speaker 5: Tech up one and a half.
Speaker 3: And what is that?
Speaker 5: Something I think that has to do with meat and
Speaker 5: like maybe eating the marrow out of a bone. But
Speaker 5: industrials also had a great day. Romaine ther second best
Speaker 5: performing sector on the day.
Speaker 3: Would didn't do too hot.
Speaker 5: Financials that was your biggest loss leader, at least from
Speaker 5: a points basis. We know the big bank earnings kickoff
Speaker 5: pretty soon, Consumer stables, energy, and real estate. Also following over, we.
Speaker 3: Just heard from Betsy graycech Over at Mortus Stanley. She's
Speaker 3: actually pretty bullish about this earning season for yeah, big time.
Speaker 5: She told us to buckle up.
Speaker 3: She did unbuckled. What's next.
Speaker 4: Let's take a look at some of the gainers that
Speaker 4: we saw in the SAP, five hundred of them. To
Speaker 4: look at ast Space Mobile. This is a company that
Speaker 4: really spends a lot of its time in space. It
Speaker 4: actually has a strong competition here with SpaceX their starlink there,
Speaker 4: so we did see shares climbing earlier for double digit games,
Speaker 4: but closing about eight percent higher at the closing bill.
Speaker 4: This is after the company signed an agreement with Verizon
Speaker 4: here to provide direct to cellular connectivity when needed for
Speaker 4: customers starting next year. So we had William Blair saying
Speaker 4: that this is really a competitive deal here for Verizon
Speaker 4: specifically over SpaceX's starlink here, so one to definitely follow.
Speaker 4: But of course, as we've been talking so much about AI,
Speaker 4: we cannot stop talking about that story here. Shares of
Speaker 4: AMD also in focus, up eleven percent today. I mean,
Speaker 4: this has been a company that we've been talking about
Speaker 4: quite some time as you think about it, with the
Speaker 4: likes of Nvidia and a few of its other peers.
Speaker 4: But the news today, of course Nvidia agreeing to invest
Speaker 4: as much as one hundred billion dollars in open AI
Speaker 4: to fund a data center build out. So of course
Speaker 4: that's really a broader scope here. But this open IAI
Speaker 4: is striking a deal with in video Arrival AMD to
Speaker 4: deploy tens of billions of dollars worth of chips here.
Speaker 4: Open AI is poised to become one of AMD's largest shareholders.
Speaker 4: Really seeing a buoy to the sock here. And lastly,
Speaker 4: let's look at the beauty space. I'm looking at shares
Speaker 4: of Elf Beauty right now. Shares ended about three percent
Speaker 4: higher at the closing bell. It actually got a price
Speaker 4: target lift. At Morgan Stanley, the analyst over there is
Speaker 4: really pointing toward a very strong launch for its Road
Speaker 4: brand at Sephora. I don't know if you guys are familiar.
Speaker 4: That's Hailey Bieber. Her makeup brand is called Road. Apparently
Speaker 4: they had a very strong launch at the Sophora's store
Speaker 4: is here, So you are seeing the lyft as Morgan
Speaker 4: Stanley is pushing the price target up to a street high.
Speaker 5: We're actually well versed in makeup books.
Speaker 4: Okay, yeah, we are, we are. We are.
Speaker 5: All right, decliners. What's up?
Speaker 6: Well, it's green and is green Katie. But there are
Speaker 6: a few stocks that fell today. One of them is
Speaker 6: fair Isaac. You and I probably know that more commonly
Speaker 6: as Fyco, and is falling not because of news specific
Speaker 6: to Fico itself, but because of news from its competitor Equifax,
Speaker 6: saying that it will offer its Vantage score four point
Speaker 6: zero service to mortgage credit scores at four dollars fifty
Speaker 6: cents through the end of twenty twenty seven. Remember last week,
Speaker 6: FICO said it will sell credit scores directly to mortgage
Speaker 6: resellers and Equifax saying that its move is a direct
Speaker 6: response to what FICO is doing there. So it's a
Speaker 6: little bit of a tussle between credit score provider. Is
Speaker 6: a very interesting space there, but certainly FICO taking the
Speaker 6: brunch of that pain from that news today. Another decliner
Speaker 6: I want to pay attention to today is, of course
Speaker 6: Warner Brothers those shares down after we did get news
Speaker 6: people familiar with saying that Paramount Skydance has discussed its
Speaker 6: interest in according to Warner Brothers Discovery with Legendary Entertainment
Speaker 6: and Apollo Global Management. Now the talk seem to be
Speaker 6: related specifically to Legendary's investment in some key film franchise.
Speaker 6: It's ever heard of Dune or Godzilla. So these are
Speaker 6: some of the asses that are potentially being discussed here.
Speaker 6: And the bottom line is this looks like this is
Speaker 6: going to be another delay to this potential acquisition. They
Speaker 6: were hoping to get this done before the Warner Brothers
Speaker 6: split in early twenty twenty six. But another road black And.
Speaker 3: Have you actually seen Dune? Christine saw the Oh really
Speaker 3: you liked it? I mean it's interesting. Yeah, it's not
Speaker 3: in my cup of tea.
Speaker 4: Necessarily, So would it watch it again?
Speaker 6: Yeah? Yeah, no, I wouldn't watch it again. I may
Speaker 6: have fallen asleep in the middle of it.
Speaker 3: Oh.
Speaker 5: I actually did fall asleep in theaters during Dune too,
Speaker 5: but that's because we went to a midnight showing and
Speaker 5: you know, that's a young man's game.
Speaker 3: But great movie.
Speaker 4: Oh there you go.
Speaker 3: Yeah.
Speaker 1: How about that bond market though, yeah, how about that
Speaker 1: bond market?
Speaker 3: Well, not a whole lot. I mean, I don't know
Speaker 3: if you.
Speaker 1: Heard Katie Gryfield, but there was a tale on the
Speaker 1: most recent ten years here. Actually, in all serious is though,
Speaker 1: you'dn't really seen a whole lot of activity. A little
Speaker 1: bit of activity on the longer end of the curve,
Speaker 1: but that was mostly selling and pushing yields higher by
Speaker 1: about two basis points, a very very modest bid on
Speaker 1: the long end of the curve, with that thirty year
Speaker 1: yield just down less than a basis point.
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