1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on this stock movers report 3 00:00:13,560 --> 00:00:16,520 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,319 Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik, and Scarlett Food. 5 00:00:22,360 --> 00:00:24,000 Speaker 3: All right, I'm going to go back to the big caps, 6 00:00:24,040 --> 00:00:27,240 Speaker 3: the S and P five hundred. We did see a 7 00:00:27,280 --> 00:00:30,960 Speaker 3: few more names hire earlier in the session overall, right now, though, 8 00:00:31,000 --> 00:00:34,479 Speaker 3: the S and P finishing with a gain, as we said, 9 00:00:34,560 --> 00:00:37,280 Speaker 3: but about three hundred and sixty names in that index 10 00:00:37,720 --> 00:00:40,199 Speaker 3: hire at the close, one hundred and forty two to 11 00:00:40,240 --> 00:00:40,680 Speaker 3: the downside. 12 00:00:40,760 --> 00:00:41,680 Speaker 4: KDE won unchanged. 13 00:00:41,720 --> 00:00:43,720 Speaker 3: But again we saw more than I think four hundred 14 00:00:43,760 --> 00:00:45,560 Speaker 3: names gaining earlier in the session. 15 00:00:45,800 --> 00:00:47,239 Speaker 5: Yeah, and you saw a pretty good breath when it 16 00:00:47,280 --> 00:00:49,879 Speaker 5: comes to the sector performance as well, as you can 17 00:00:49,920 --> 00:00:54,400 Speaker 5: see on the screen, Information technology was your biggest gainer 18 00:00:54,440 --> 00:00:57,680 Speaker 5: on the day in terms of points contribution, followed by financials, 19 00:00:57,680 --> 00:01:01,280 Speaker 5: Consumer discretionary, and consumer stable. In terms of what didn't 20 00:01:01,280 --> 00:01:04,760 Speaker 5: exactly perform on this Wednesday, healthcare following a bit, and 21 00:01:04,800 --> 00:01:07,640 Speaker 5: communications services down about half a percent. A lot of 22 00:01:07,680 --> 00:01:10,840 Speaker 5: that decline came down to Alphabet giving back some of 23 00:01:10,840 --> 00:01:13,200 Speaker 5: the gains that we've seen that stock enjoy over the 24 00:01:13,240 --> 00:01:14,000 Speaker 5: past couple days. 25 00:01:14,080 --> 00:01:16,200 Speaker 3: I mean occasionally has to give back. I mean, what 26 00:01:16,280 --> 00:01:17,840 Speaker 3: is it up, like almost seventy. 27 00:01:17,560 --> 00:01:18,560 Speaker 4: Percent years up? 28 00:01:18,720 --> 00:01:19,480 Speaker 5: What goes up? 29 00:01:19,800 --> 00:01:21,840 Speaker 4: Two sides to every trade. Hey, let's get to some. 30 00:01:21,800 --> 00:01:23,560 Speaker 3: Of the individual gainers, if I may, I'm going to 31 00:01:23,560 --> 00:01:26,160 Speaker 3: start with Dell Technologies. It's a top gainer in the 32 00:01:26,240 --> 00:01:29,320 Speaker 3: S and P five hundred, this one finishing up five 33 00:01:29,360 --> 00:01:32,760 Speaker 3: point eight percent on the day. The company reported earnings 34 00:01:32,840 --> 00:01:35,440 Speaker 3: late last night. It did raise its full year forecast 35 00:01:35,440 --> 00:01:39,120 Speaker 3: analys noting growth in AI server shipments as a highlight 36 00:01:39,240 --> 00:01:41,680 Speaker 3: due to sustained demand from machines needed in the current 37 00:01:41,760 --> 00:01:42,800 Speaker 3: data center boom. 38 00:01:43,000 --> 00:01:44,480 Speaker 4: So just let me throw some numbers at you. 39 00:01:44,560 --> 00:01:47,480 Speaker 3: Dell booking twelve point three billion of AI server orders 40 00:01:47,480 --> 00:01:50,680 Speaker 3: on the fiscal third quarter that ended October thirty. First, 41 00:01:50,800 --> 00:01:53,280 Speaker 3: it shipped five point six billion worth of the servers, 42 00:01:53,280 --> 00:01:55,440 Speaker 3: and end of the quarter with a backlock of eighteen 43 00:01:55,480 --> 00:01:58,560 Speaker 3: point four billion. The company raise shipment projections for the 44 00:01:58,640 --> 00:02:01,240 Speaker 3: year to twenty five billion and from twenty billion, So 45 00:02:01,600 --> 00:02:05,480 Speaker 3: some outperformance there. Let's go to the retailers one in particular, 46 00:02:05,520 --> 00:02:07,680 Speaker 3: because we've seen their earnings coming out over the last 47 00:02:07,720 --> 00:02:10,239 Speaker 3: couple of weeks, Urban Outfitters finishing the day with a 48 00:02:10,280 --> 00:02:13,600 Speaker 3: gain of more than thirteen percent, the owner of Anthropology 49 00:02:13,639 --> 00:02:19,000 Speaker 3: and Free People. Following positive reports Room Abercommie and also Gap, 50 00:02:19,000 --> 00:02:21,120 Speaker 3: we got some of their peers, so we also heard 51 00:02:21,160 --> 00:02:21,920 Speaker 3: some upbeat. 52 00:02:21,639 --> 00:02:24,000 Speaker 4: Stuff from them. Shares of Urban Outfitters jumping. 53 00:02:24,240 --> 00:02:26,440 Speaker 3: The company reported net sales for the third quarter that 54 00:02:26,480 --> 00:02:27,960 Speaker 3: beat the average analyst estimate. 55 00:02:28,280 --> 00:02:28,560 Speaker 4: Stock. 56 00:02:28,600 --> 00:02:30,920 Speaker 3: By the way, it's up roughly forty percent year today, 57 00:02:30,919 --> 00:02:33,800 Speaker 3: but about fifteen percent of the float is short. JP 58 00:02:33,880 --> 00:02:36,800 Speaker 3: Morgan and Barkley's both raising their price targets on that stock. 59 00:02:37,080 --> 00:02:39,720 Speaker 3: And I'm going to finish up with robin Hood Markets 60 00:02:41,720 --> 00:02:44,440 Speaker 3: That stock up about eleven percent. It's the number one 61 00:02:44,480 --> 00:02:47,040 Speaker 3: gainer in the S and P five hundred. Today, company 62 00:02:47,080 --> 00:02:50,440 Speaker 3: announced that it ands Susquehanna International, buying a majority stake 63 00:02:50,480 --> 00:02:52,960 Speaker 3: in led youer X that's a US based derivatives exchange 64 00:02:53,000 --> 00:02:57,120 Speaker 3: once owned by FTX, now run by Miami International Holdings. 65 00:02:57,480 --> 00:03:01,000 Speaker 3: The deal giving the companies access to the prediction market, which. 66 00:03:00,760 --> 00:03:02,360 Speaker 4: Is something we've talked about a lot here in twenty 67 00:03:02,400 --> 00:03:02,880 Speaker 4: twenty five. 68 00:03:03,040 --> 00:03:05,240 Speaker 3: By the way, robin Hood Markets it is up about 69 00:03:05,240 --> 00:03:06,800 Speaker 3: two hundred and thirty five percent year to date. 70 00:03:06,880 --> 00:03:07,440 Speaker 4: Quite a run. 71 00:03:07,560 --> 00:03:09,400 Speaker 6: Okay, Well, if you had predicted that I would do 72 00:03:09,440 --> 00:03:12,959 Speaker 6: decliners next, you would be correct. The starting with John 73 00:03:13,000 --> 00:03:16,000 Speaker 6: Deere Deer in Company down five point seven percent. The 74 00:03:16,000 --> 00:03:18,959 Speaker 6: company's week forecast for the year ahead reinforces the difficulty 75 00:03:18,960 --> 00:03:22,600 Speaker 6: in predicting a recovery in US pharm economy due to 76 00:03:22,680 --> 00:03:25,520 Speaker 6: uncertainty over the impact of tariffs and trade deals. The 77 00:03:25,680 --> 00:03:28,440 Speaker 6: company's forecasts for twenty twenty six net income of four 78 00:03:28,520 --> 00:03:31,520 Speaker 6: to four point seven five billion dollars missed the average 79 00:03:31,600 --> 00:03:34,040 Speaker 6: Bloomberg estimate and would be a drop from the five 80 00:03:34,040 --> 00:03:36,760 Speaker 6: point oh two seven billion reported for the year just 81 00:03:36,960 --> 00:03:40,120 Speaker 6: ended once again, Shares of Deer down at five point 82 00:03:40,280 --> 00:03:45,120 Speaker 6: seven percent. Also, taking a look at Alphabet Inc. Googl 83 00:03:45,200 --> 00:03:46,960 Speaker 6: down one point one percent, it was actually, on a 84 00:03:46,960 --> 00:03:49,040 Speaker 6: points basis, the biggest decliner in the S and P 85 00:03:49,160 --> 00:03:52,600 Speaker 6: five hundred today those that company those shares giving back 86 00:03:52,640 --> 00:03:54,400 Speaker 6: a bit of the recent rally. Just to put this 87 00:03:54,480 --> 00:03:57,280 Speaker 6: recent rally into context, it's up fifteen percent just since 88 00:03:57,320 --> 00:04:00,680 Speaker 6: November eleventh. It's up thirty four percent in September, and 89 00:04:00,800 --> 00:04:04,720 Speaker 6: up just roughly seventy percent so far this year, giving 90 00:04:04,760 --> 00:04:06,920 Speaker 6: back a little bit of that rally down one point 91 00:04:06,960 --> 00:04:10,600 Speaker 6: one percent today, and finally z Scaler down thirteen percent, 92 00:04:10,720 --> 00:04:13,680 Speaker 6: following the most going back to September of twenty twenty four, 93 00:04:14,080 --> 00:04:16,520 Speaker 6: so in more than a year. This after the company 94 00:04:16,600 --> 00:04:20,560 Speaker 6: forecast annual revenue that came in only slightly above estimates, 95 00:04:20,600 --> 00:04:22,880 Speaker 6: investors certainly wanted to see more Romaine. 96 00:04:22,920 --> 00:04:24,640 Speaker 1: All right, let's check in on yields here. Kind of 97 00:04:24,640 --> 00:04:26,760 Speaker 1: a weird day here. Your ten year yield has been 98 00:04:26,800 --> 00:04:29,400 Speaker 1: sort of straddling in the line on that four percent level. 99 00:04:29,560 --> 00:04:31,720 Speaker 1: Looks like it's going to settle just below that you saw. 100 00:04:31,839 --> 00:04:34,000 Speaker 1: Yields on the longer end of the curve also move lower, 101 00:04:34,120 --> 00:04:36,640 Speaker 1: including the twenty and thirty year, though a slight upticking 102 00:04:36,680 --> 00:04:39,400 Speaker 1: Yields on the two year yield up about the two 103 00:04:39,440 --> 00:04:42,120 Speaker 1: basis points. Despite the fact that when you look at 104 00:04:42,120 --> 00:04:44,880 Speaker 1: pricing in the FED Funds futures market, you now have 105 00:04:45,040 --> 00:04:48,599 Speaker 1: most traders now anticipating, or at least betting on about 106 00:04:48,640 --> 00:04:50,760 Speaker 1: a ninety percent chance right now that we're going to 107 00:04:50,760 --> 00:04:53,160 Speaker 1: get a rate cut, a twenty five percent percentage point 108 00:04:53,200 --> 00:04:55,840 Speaker 1: rate cut at the Fed's meeting on December ninth and ten. 109 00:04:57,320 --> 00:05:01,320 Speaker 2: This Stock Movers report from Bloomberg Ray. Check back with 110 00:05:01,400 --> 00:05:03,960 Speaker 2: us throughout the day for the latest roundup of companies 111 00:05:04,040 --> 00:05:07,160 Speaker 2: making news on Wall Street and for the latest market 112 00:05:07,160 --> 00:05:11,640 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 113 00:05:11,760 --> 00:05:15,240 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 114 00:05:15,320 --> 00:05:16,760 Speaker 2: the Bloomberg Business app.