Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm SI Statific along with Carol Master, let's take a
Speaker 3: look at some stocks on the move today. We are
Speaker 3: joined by Bloomberg News equity reporter Bailey Lipschultz. What's up, Bailey?
Speaker 4: FedEx?
Speaker 5: Oh yeah, my bracket's doing pretty well.
Speaker 4: So oh really four games and I'm doing well?
Speaker 5: See but FedEx? Right now? Up? Wait are you my racket?
Speaker 5: Did you miss on? Well?
Speaker 3: I just do random because I don't know anything about sports.
Speaker 3: I'm ranked three thousand out of twelve eight hundred, so
Speaker 3: my score is four.
Speaker 5: It's still early. It's still early.
Speaker 1: Wouldn't that be funny if he ends up doing really well?
Speaker 4: Well?
Speaker 5: Could he possibly all random?
Speaker 4: Someone on our desk who's Australian didn't know what single elimination.
Speaker 4: She was like, oh, well they'll get him in the
Speaker 4: next game.
Speaker 5: How that was work like that? Sorry?
Speaker 4: I yes, go ahead to your FDx up right now.
Speaker 4: More than eight percent talking up their ability to kind
Speaker 4: of deliver despite rising fuel costs, uncertainty because of a
Speaker 4: war in the Middle East, beating and raising, as they
Speaker 4: say on Wall Street. The interesting thing is this is
Speaker 4: a big gain. This is a stock that is up
Speaker 4: more than options implied options. We're implying about a six
Speaker 4: and a half percent move, and if you look at
Speaker 4: it over the last twelve months, it's up forty four percent,
Speaker 4: so really a strong follow through this would be getting
Speaker 4: about a buck short of the high it closed on
Speaker 4: February twentieth at three eighty eight, but right now right
Speaker 4: in that area, beating expectations. Pretty good print. We are
Speaker 4: seeing ups stronger in the post market as well, up
Speaker 4: just under two percent.
Speaker 1: So FedEx just gained momentum through because we were tracking
Speaker 1: as it crossed and it was I think only up
Speaker 1: about a percent or so, but it's really gained a
Speaker 1: lot of momentum here. All right, let's go to five Hello,
Speaker 1: five you guys, go to five below.
Speaker 5: I've never been to five below. You've never been to
Speaker 5: five below.
Speaker 4: If we're not really missing out much.
Speaker 1: Back in the day, there are those that love it,
Speaker 1: though everybody, Well, in.
Speaker 4: My day, I said this earlier in this morning. I
Speaker 4: used to go to nine to nine cent store and
Speaker 4: I loved it because things cost less than a dollar.
Speaker 4: When your name is five below and you charge twenty
Speaker 4: five dollars for things not really five below, not five below,
Speaker 4: but great ticker five. I like when things make sense.
Speaker 4: Stock close up eleven percent, highest level since August twenty
Speaker 4: twenty one, beating expectations, really strong forecast again. One of
Speaker 4: these companies that we're seeing gain market share from kind
Speaker 4: of call it the middle income bracket in the US
Speaker 4: with people maybe looking for better deals and kind of
Speaker 4: potential growth there.
Speaker 1: Huh, I'm just looking.
Speaker 5: My kids love ninety nine cents stores.
Speaker 1: Well, yeah, because the kid you can give them a
Speaker 1: couple of dollars and you like go shopping, like you
Speaker 1: have fun with it, like as a kid, it's a
Speaker 1: lot of fun. Some of those Like I think about
Speaker 1: the Dollar Generals and stuff, like it's great. People have
Speaker 1: done it for party supplies. I think I've actually been
Speaker 1: in a Dollar General.
Speaker 5: But the Dollar General, like the loans or something.
Speaker 3: Dollar trees are so different than like the Pokland ninety
Speaker 3: nine cents store, which is literally where you can buy
Speaker 3: anything anything. Well, no it's not every nine cents, but
Speaker 3: they have everything.
Speaker 1: It's five below like kind of a little bit of
Speaker 1: upscale from the dollar generals.
Speaker 4: Yeah, five below the dollar stage demographic, from my understanding,
Speaker 4: is more of like your teen and preteen who has
Speaker 4: twenty five dollars a weekly. Okay, I guess allowance phone cases,
Speaker 4: buy phone cases and random goods. I there's one buy
Speaker 4: where we buy cards in New Jersey, and I normally
Speaker 4: buy like my Arizona iced tea.
Speaker 5: There, okay, which a dollar? All right? There? You are listen.
Speaker 1: Cards are expensive, so you can go.
Speaker 5: They're so expensive it's crazy. Might have you?
Speaker 3: I might put an order in with you, Bailey, bring
Speaker 3: me some from New Jersey. Hey, uh, gold, I'll pay
Speaker 3: you in gold. Let's talk about Newmont.
Speaker 4: I would have been a lot happier a couple of
Speaker 4: weeks ago be hating gold. Newmont down one of the
Speaker 4: worst performers among large cap stocks, ticker an EM down
Speaker 4: almost seven percent on the day. This again is really
Speaker 4: just given kind of I don't want to call it
Speaker 4: a cliff, but we've seen such a sharp pullback over
Speaker 4: the last few days in the price of gold, and
Speaker 4: that's obviously playing through to the companies that get paid
Speaker 4: to mind the medal again, was the big run up
Speaker 4: for gold in the last few weeks because of diversification
Speaker 4: or more meme stock. I don't know. But when you
Speaker 4: go from just shy of fifty two hundred dollars to
Speaker 4: forty six fifty, it's pretty painful, it's pretty remarkable. It's
Speaker 4: a move.
Speaker 1: Yeah, yeah, I'm not quite sure I understand the gold
Speaker 1: trade right now.
Speaker 5: Maybe they got a head, you know, I don't know.
Speaker 1: Maybe it is, Maybe it isn't it just got ahead.
Speaker 1: I don't know.
Speaker 4: I think, well, there was excitement around I am such
Speaker 4: a gen z or millennial. I'm millennial. Actually sorry, let
Speaker 4: me clarify that I'm such a millennial that it's just
Speaker 4: like diversit diversified by buying gold, and I'm like, you
Speaker 4: know what happens if World War three? I don't think
Speaker 4: anyone's getting their gold delivered.
Speaker 5: No, no, So exactly.
Speaker 4: What are you doing?
Speaker 1: We were almost one hundred and seven or Newmont was
Speaker 1: up about one hundred and seventy percent last year.
Speaker 3: But Bailey is a very young millennial, whereas I'm a
Speaker 3: geriatric millennial.
Speaker 4: So hey, we both grew up with Walkman.
Speaker 5: We did.
Speaker 2: So the Stockmovers report from Bloomberg Radio check back with
Speaker 2: us throughout the day. For the latest roundup of companies
Speaker 2: making news on Wall Street, and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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