Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenobeck, Romain Bostick, and Scarlet Fool.
Speaker 3: All right, S and P five hundred on this final
Speaker 3: trading day of September and final trading day of the
Speaker 3: third quarter, you got three hundred and one names, Katie
Speaker 3: to the upside, two hundred and one to the downside.
Speaker 3: If I look Katie at the third quarter app Lovin,
Speaker 3: you're best performer. And then you've got I think fact
Speaker 3: set at the bottom of the pack.
Speaker 4: Yeah, all right, there, there you have it. Let's take
Speaker 4: a look at the circle of sectors right now. I
Speaker 4: can see there's a lot of green here. Big tech
Speaker 4: really doing a lot of heavy lifting. So too did healthcare.
Speaker 4: On the day we know that Pfizer agreeing to lower
Speaker 4: drug prices in exchange for some relief on tariffs. That
Speaker 4: is boosting the entire sector. In terms of what isn't
Speaker 4: doing so well right now, energy, consumer, discretionary, communication services,
Speaker 4: some of your downward weights on the index, but overall
Speaker 4: green on the screen.
Speaker 3: All right, So Let's get to some of the individual
Speaker 3: gainers if I may, and let's go to Core Weave guys,
Speaker 3: because this one up sixteen and a half percent at
Speaker 3: its highs today, finishing the day with a gain of
Speaker 3: just shy of twelve percent. You know, one of the
Speaker 3: neo clouds businesses that rent out access to leading AI chips.
Speaker 3: While the stock rallying after the company signed a deal
Speaker 3: to supply meta platforms with as much as fourteen point
Speaker 3: two billion dollars worth of computing power. It runs through
Speaker 3: December twenty thirty first, with an option to extend through
Speaker 3: twenty thirty two. So talk about some visibility with additional
Speaker 3: capacity and what's really key about this and we talked
Speaker 3: to our Ed Ludlow about this is why you saw
Speaker 3: really the stock rally is that it kind of diversifies
Speaker 3: business away at Core Weave, away from Microsoft, so expands
Speaker 3: who its top customers are. So this is why potentially
Speaker 3: you saw this one rally, particularly in today's session. Again,
Speaker 3: keep in mind at IPO this year, it's up about
Speaker 3: two hundred and seventy three percent year to date. About
Speaker 3: ten percent of the float is short, but definitely one
Speaker 3: of the outperformers. Here so far in twenty twenty five.
Speaker 3: All right, Pfizer got to talk about the pharmaceuticals hire today,
Speaker 3: many of the names top in the S and P
Speaker 3: five hundred. In fact, Pfizer is your number one gainer
Speaker 3: in the S ANDP with that seven percent gain. We
Speaker 3: did have President Trump speaking earlier at the White House
Speaker 3: saying Pfizer's agreed to offer countless prescription medications at major
Speaker 3: discounts in the US as a result of the Most
Speaker 3: Favored Nation Drug Pricing Order. We did also see the
Speaker 3: Peiser CEO at the White House. Pfizer will get a
Speaker 3: three year grace period from President Trump's pharmata. So a
Speaker 3: lot going on in implications for the pharmaceutical sector, including Pfizer.
Speaker 3: And then just because I like French fries, I'm going
Speaker 3: to do land weston. The stock up almost nine percent
Speaker 3: at its highes today, finishing with a gain of more
Speaker 3: than four percent here. This after the company reported to
Speaker 3: just a earnings per share and net sales for the
Speaker 3: first quarter that beat CONCESSUS estimates due to improved restaurant
Speaker 3: foot traffic. Apparently, chicken fast food restaurants in particular saw
Speaker 3: more visitors.
Speaker 1: Excuse me, you're everywhere now, you know, the French was
Speaker 1: no like these raising gains and all these chicken plates
Speaker 1: like they were never anywhere, and now they're everywhere. I know,
Speaker 1: I can't get rid of them with French fries. Do
Speaker 1: you see Wendy's has new Tendy's. Oh Tendy's, Uh pick up?
Speaker 5: Okay, I thought you guys were I didn't want to.
Speaker 5: I didn't want to jump in.
Speaker 2: I don't go down it.
Speaker 1: Let's go.
Speaker 5: Let's do decliners here. I want to talk about Spotify
Speaker 5: shares falling four point two percent, this after the company
Speaker 5: said that CEO Daniel Ek is transitioning his role to chairman,
Speaker 5: leaving his leadership in hand in the hands of co
Speaker 5: CEOs Gustav Soderstrom and Alex Nordstrom. Ek will continue to
Speaker 5: provide support and guidance, and soda Strum and Nordstrum will
Speaker 5: jointly take the reins of the company effective January first.
Speaker 5: I mean it makes sense, but I was surprised. Twenty
Speaker 5: years ago pretty much. Two thousand and six is when
Speaker 5: he started Spotify, so he's only forty two years old,
Speaker 5: but he's been at the helm of this for nineteen years.
Speaker 5: He'll still be very involved in the company, he said,
Speaker 5: I'll remain deeply involved in the big defining decisions about
Speaker 5: our future. Still shareholder sending shares lower today four point
Speaker 5: two percent. Also, shares of companies that do sports betting,
Speaker 5: such as DraftKings falling today. DraftKings down eleven point six
Speaker 5: percent after robin had posted September to date trading metrics
Speaker 5: late yesterday that showed contracts traded for about one hundred
Speaker 5: and eighty seven million. Robinhood has emerged as a competitive
Speaker 5: sports betting platforms like DraftKings and FanDuel as betters are
Speaker 5: allowed to trade contracts on the outcomes of sporting events
Speaker 5: through Robinhood, so increase competition for those pure play sports
Speaker 5: betting apps. And finally, some late breaking movers Zillo and
Speaker 5: Rocket Companies. I want to focus on Rocket Companies. It's
Speaker 5: the parent company of Redfin Rocket Companies falling today close
Speaker 5: to four percent three point eight percent down. The FTC
Speaker 5: sued to block a partnership between Zillo and Rocket Companies,
Speaker 5: saying that it would reduce the number of websites offering
Speaker 5: apartment listings and drive up advertising prices. This partnership was
Speaker 5: announced back in February. It involved an upfront payment of
Speaker 5: one hundred million dollars from Zillo to red Finn to
Speaker 5: help Zillo enter into advertising agreements with property managers that
Speaker 5: post listings on Redfin's sites. The FTC said the arrangement
Speaker 5: combines two of the three largest internet listing service and
Speaker 5: it's seeking a divestiture of Zillo's asset. Zillo fell, by
Speaker 5: the way by four point three percent as well.
Speaker 1: Yeah, absolutely, and I just want to point out to
Speaker 1: an honorable mention, keep an eye on some of those
Speaker 1: consumer finance stocks, a big drop in Capital One and
Speaker 1: some of the other credit card companies. Meanwhile, in the
Speaker 1: yield space, a relatively quiet end to the month, but
Speaker 1: we should point out that overall he did see actually
Speaker 1: a drop in yields over the course of the month,
Speaker 1: and actually on a price basis here you actually had
Speaker 1: some pretty decent returns when it comes to not only
Speaker 1: the treasury market, but of course the corporate fixed income
Speaker 1: space as well.
Speaker 2: This Stock Movers 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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