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 Stenebeck, Romain Bostik, and Katie Greifel.
Speaker 3: Only one hundred and seventy seven names gaining ground in
Speaker 3: today's session in the S and P five hundred. Katie
Speaker 3: had three hundred and twenty four names losing ground today
Speaker 3: to unchanged.
Speaker 4: Yeah, you saw a similar breath picture when you take
Speaker 4: a look at the sector level as well. When you
Speaker 4: take a look at that circle, five sectors finish in
Speaker 4: the green, six in the red. In terms of what
Speaker 4: did gain today, information technology hired by about two and
Speaker 4: a half percent. As a sector, Consumer discretionary also popping
Speaker 4: about one point four percent. Those are your big winners
Speaker 4: on the day. In terms of what didn't perform, healthcare
Speaker 4: down about one point four percent. We know that Eli
Speaker 4: Lilly has had a rough go of things lately. Industrials
Speaker 4: also down about nine percent.
Speaker 3: Carol, all right, guys, let's go to some of the
Speaker 3: individual gainers. No surprise, I'm going to go to the
Speaker 3: semiconductor area, including of course Intel just soaring on its
Speaker 3: blockbuster report. It is the number one gainer in the
Speaker 3: S and P five hundred the Nasdaq one hundred, up
Speaker 3: twenty three percent in today's session. But not alone. You
Speaker 3: had arm AMD, Qualcom, all of these names hire in
Speaker 3: today's session, up almost fifteen percent.
Speaker 1: Can I just give you the stat there, best day
Speaker 1: since October twenty ninth, nineteen eighty seven. I don't know
Speaker 1: if you're old enough, Carol, if you're to remember what happened.
Speaker 1: I'm in October nineteen eighty seven.
Speaker 5: I was in I remember what happened that day.
Speaker 4: What happens?
Speaker 5: That was Black Monday.
Speaker 3: It was Black Monday.
Speaker 5: Yeah, we were talking about the dow back then, Dow,
Speaker 5: I know, and.
Speaker 4: Look where that got them.
Speaker 3: Yeah, look right now, all right, so thank you for that,
Speaker 3: percaring continue talking, Yeah, I would like to. All right,
Speaker 3: So anyway, socks up for an eighteenth straight day. We're
Speaker 3: up nearly around fifty percent in that timeframe. Take a look, folks,
Speaker 3: I know for those who are listening on radio, but
Speaker 3: it is a straight shot up in the last eighteen days.
Speaker 3: So quite some outperformance. We know about.
Speaker 1: We were talking with Steve Sasnik earlier. You know, eighteen
Speaker 1: straight days, longest wind streak for that index since it
Speaker 1: was a form back in nineteen ninety four. He said
Speaker 1: that the last the longest streak prior to this was
Speaker 1: like nine days, so basically double that daily win streak. Yeah.
Speaker 3: I mean it's really kind of crazy, and that is
Speaker 3: pretty significant if you look at that stat I should
Speaker 3: also point out AMD was upgraded to buy from neutral
Speaker 3: price target rates.
Speaker 1: To bring back on this day.
Speaker 3: He's seventy five from two twenty at DA Davison. Yeah,
Speaker 3: I'm just going to ignore him. Anyway, We're going to
Speaker 3: move on. Let's go on over to alphabet. One more
Speaker 3: name for you. Google's going to invest ten billion in
Speaker 3: Anthropic with another thirty billion potential follow a three hundred
Speaker 3: and forty billion dollar valuation. Now, so we just continue
Speaker 3: Alphabet chairs. You can see up about one and a
Speaker 3: half percent. And I just want to mention, honorable men.
Speaker 3: Don't get mad at me, Finley, but spirit Aviation was
Speaker 3: out forty six percent. Again, it's like a dollar something
Speaker 3: a share about again, some talk about the government maybe
Speaker 3: taking a position, and then iHeart holding merger talks with
Speaker 3: serious iHeart it was stopped because of volatility and trading,
Speaker 3: but when it stopped, it was up about fourteen percent.
Speaker 3: So I'm just going to throw those.
Speaker 5: Into If the US government buys Spirit, do we get
Speaker 5: a discount buying it?
Speaker 4: That's a great question.
Speaker 5: Why would we Or do we get to bring a
Speaker 5: do we get to bring a bag without paying?
Speaker 4: I thought I'm going to talk about the US government
Speaker 4: buying iHeart, and I thought that was going to be interesting,
Speaker 4: But who knows.
Speaker 5: Hey, we got some decliners even though today was such
Speaker 5: a risk on day. I want to start with the
Speaker 5: worst performer in the S and P five hundred. Charter
Speaker 5: Communications fell by more than twenty five percent today. This
Speaker 5: after the company reported underwhelming quarterly results. It lost one
Speaker 5: hundred and seventeen thousand residential customers at its Spectrum Internet brand,
Speaker 5: once again the worst performer, losing a quarter of its
Speaker 5: market cap just in today's trading session.
Speaker 1: That's the biggest drop ever.
Speaker 5: That's a big.
Speaker 1: One, Yeah, since two thousand and nine.
Speaker 2: Wow.
Speaker 5: Okay, let's move on to HCA Healthcare. This company also
Speaker 5: felt today by more than eight point eight per eight
Speaker 5: point seven percent. Eight point eight percent was the decline
Speaker 5: It opted against raising its yearly profit and sales guidance
Speaker 5: despite first quarter profit feeding analysts you used. Remember it's
Speaker 5: a hospital operator, so first quarter admissions were lower than
Speaker 5: expected due to a decline in people going to the
Speaker 5: er or being admitted with respiratory illness HbA holdings following
Speaker 5: eight point eight percent. And finally, Avis Budget Group, take
Speaker 5: your car. I love the story. Down eleven percent today. Wow,
Speaker 5: it's wiped out nearly all of its six hundred percent
Speaker 5: surge over the previous month in just two days. Romain
Speaker 5: no clear cause except you know, yeah, met I guess
Speaker 5: clastic short squeeze.
Speaker 1: Seventy one percent drop just in the past three sessions.
Speaker 1: So and there's a great story in the Bloomberg Terminal
Speaker 1: that provides a lot of context for the run up
Speaker 1: in those yares.
Speaker 5: Well, remember it went back to this idea of a
Speaker 5: government shutdown and people saying, wait a second, if the
Speaker 5: government shut down and you can't get through airport security,
Speaker 5: maybe everybody will drive everywhere instead, right, And that was
Speaker 5: sort of the beginning of this run huh.
Speaker 4: Well, but that's a fundamental Rea, Yeah, yeah, yeah, I
Speaker 4: think there was a little bit more than the fundamentals.
Speaker 1: I encourage everyone to read that story on the Bloomberg
Speaker 1: Terminal quick check of yields. Here we did seal yields
Speaker 1: dropped significantly and that did help to aid the market
Speaker 1: rally down about six basis points on the shorter end
Speaker 1: of the curve longer end of the curve. The moves
Speaker 1: were a little bit less dramatic here, but of course
Speaker 1: that is the setup. Don't forget next week. Next Wednesday
Speaker 1: we do get a FED decision day, no expectation for
Speaker 1: rates to move, but of course a lot of speculation
Speaker 1: about what the debate will be about where we go next.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
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