WEBVTT - Fedex and Five Below Gains; Newmont Falls

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm SI Statific along with Carol Master, let's take a

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<v Speaker 3>look at some stocks on the move today. We are

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<v Speaker 3>joined by Bloomberg News equity reporter Bailey Lipschultz. What's up, Bailey?

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<v Speaker 4>FedEx?

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<v Speaker 5>Oh yeah, my bracket's doing pretty well.

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<v Speaker 4>So oh really four games and I'm doing well?

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<v Speaker 5>See but FedEx? Right now? Up? Wait are you my racket?

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<v Speaker 5>Did you miss on? Well?

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<v Speaker 3>I just do random because I don't know anything about sports.

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<v Speaker 3>I'm ranked three thousand out of twelve eight hundred, so

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<v Speaker 3>my score is four.

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<v Speaker 5>It's still early. It's still early.

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<v Speaker 1>Wouldn't that be funny if he ends up doing really well?

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<v Speaker 4>Well?

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<v Speaker 5>Could he possibly all random?

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<v Speaker 4>Someone on our desk who's Australian didn't know what single elimination.

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<v Speaker 4>She was like, oh, well they'll get him in the

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<v Speaker 4>next game.

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<v Speaker 5>How that was work like that? Sorry?

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<v Speaker 4>I yes, go ahead to your FDx up right now.

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<v Speaker 4>More than eight percent talking up their ability to kind

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<v Speaker 4>of deliver despite rising fuel costs, uncertainty because of a

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<v Speaker 4>war in the Middle East, beating and raising, as they

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<v Speaker 4>say on Wall Street. The interesting thing is this is

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<v Speaker 4>a big gain. This is a stock that is up

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<v Speaker 4>more than options implied options. We're implying about a six

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<v Speaker 4>and a half percent move, and if you look at

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<v Speaker 4>it over the last twelve months, it's up forty four percent,

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<v Speaker 4>so really a strong follow through this would be getting

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<v Speaker 4>about a buck short of the high it closed on

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<v Speaker 4>February twentieth at three eighty eight, but right now right

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<v Speaker 4>in that area, beating expectations. Pretty good print. We are

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<v Speaker 4>seeing ups stronger in the post market as well, up

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<v Speaker 4>just under two percent.

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<v Speaker 1>So FedEx just gained momentum through because we were tracking

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<v Speaker 1>as it crossed and it was I think only up

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<v Speaker 1>about a percent or so, but it's really gained a

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<v Speaker 1>lot of momentum here. All right, let's go to five Hello,

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<v Speaker 1>five you guys, go to five below.

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<v Speaker 5>I've never been to five below. You've never been to

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<v Speaker 5>five below.

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<v Speaker 4>If we're not really missing out much.

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<v Speaker 1>Back in the day, there are those that love it,

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<v Speaker 1>though everybody, Well, in.

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<v Speaker 4>My day, I said this earlier in this morning. I

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<v Speaker 4>used to go to nine to nine cent store and

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<v Speaker 4>I loved it because things cost less than a dollar.

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<v Speaker 4>When your name is five below and you charge twenty

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<v Speaker 4>five dollars for things not really five below, not five below,

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<v Speaker 4>but great ticker five. I like when things make sense.

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<v Speaker 4>Stock close up eleven percent, highest level since August twenty

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<v Speaker 4>twenty one, beating expectations, really strong forecast again. One of

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<v Speaker 4>these companies that we're seeing gain market share from kind

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<v Speaker 4>of call it the middle income bracket in the US

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<v Speaker 4>with people maybe looking for better deals and kind of

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<v Speaker 4>potential growth there.

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<v Speaker 1>Huh, I'm just looking.

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<v Speaker 5>My kids love ninety nine cents stores.

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<v Speaker 1>Well, yeah, because the kid you can give them a

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<v Speaker 1>couple of dollars and you like go shopping, like you

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<v Speaker 1>have fun with it, like as a kid, it's a

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<v Speaker 1>lot of fun. Some of those Like I think about

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<v Speaker 1>the Dollar Generals and stuff, like it's great. People have

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<v Speaker 1>done it for party supplies. I think I've actually been

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<v Speaker 1>in a Dollar General.

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<v Speaker 5>But the Dollar General, like the loans or something.

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<v Speaker 3>Dollar trees are so different than like the Pokland ninety

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<v Speaker 3>nine cents store, which is literally where you can buy

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<v Speaker 3>anything anything. Well, no it's not every nine cents, but

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<v Speaker 3>they have everything.

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<v Speaker 1>It's five below like kind of a little bit of

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<v Speaker 1>upscale from the dollar generals.

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<v Speaker 4>Yeah, five below the dollar stage demographic, from my understanding,

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<v Speaker 4>is more of like your teen and preteen who has

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<v Speaker 4>twenty five dollars a weekly. Okay, I guess allowance phone cases,

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<v Speaker 4>buy phone cases and random goods. I there's one buy

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<v Speaker 4>where we buy cards in New Jersey, and I normally

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<v Speaker 4>buy like my Arizona iced tea.

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<v Speaker 5>There, okay, which a dollar? All right? There? You are listen.

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<v Speaker 1>Cards are expensive, so you can go.

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<v Speaker 5>They're so expensive it's crazy. Might have you?

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<v Speaker 3>I might put an order in with you, Bailey, bring

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<v Speaker 3>me some from New Jersey. Hey, uh, gold, I'll pay

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<v Speaker 3>you in gold. Let's talk about Newmont.

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<v Speaker 4>I would have been a lot happier a couple of

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<v Speaker 4>weeks ago be hating gold. Newmont down one of the

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<v Speaker 4>worst performers among large cap stocks, ticker an EM down

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<v Speaker 4>almost seven percent on the day. This again is really

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<v Speaker 4>just given kind of I don't want to call it

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<v Speaker 4>a cliff, but we've seen such a sharp pullback over

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<v Speaker 4>the last few days in the price of gold, and

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<v Speaker 4>that's obviously playing through to the companies that get paid

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<v Speaker 4>to mind the medal again, was the big run up

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<v Speaker 4>for gold in the last few weeks because of diversification

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<v Speaker 4>or more meme stock. I don't know. But when you

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<v Speaker 4>go from just shy of fifty two hundred dollars to

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<v Speaker 4>forty six fifty, it's pretty painful, it's pretty remarkable. It's

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<v Speaker 4>a move.

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<v Speaker 1>Yeah, yeah, I'm not quite sure I understand the gold

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<v Speaker 1>trade right now.

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<v Speaker 5>Maybe they got a head, you know, I don't know.

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<v Speaker 1>Maybe it is, Maybe it isn't it just got ahead.

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<v Speaker 1>I don't know.

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<v Speaker 4>I think, well, there was excitement around I am such

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<v Speaker 4>a gen z or millennial. I'm millennial. Actually sorry, let

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<v Speaker 4>me clarify that I'm such a millennial that it's just

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<v Speaker 4>like diversit diversified by buying gold, and I'm like, you

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<v Speaker 4>know what happens if World War three? I don't think

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<v Speaker 4>anyone's getting their gold delivered.

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<v Speaker 5>No, no, So exactly.

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<v Speaker 4>What are you doing?

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<v Speaker 1>We were almost one hundred and seven or Newmont was

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<v Speaker 1>up about one hundred and seventy percent last year.

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<v Speaker 3>But Bailey is a very young millennial, whereas I'm a

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<v Speaker 3>geriatric millennial.

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<v Speaker 4>So hey, we both grew up with Walkman.

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<v Speaker 5>We did.

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<v Speaker 2>So the Stockmovers report from Bloomberg Radio check back with

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