1 00:00:00,080 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: This Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,720 Speaker 3: Listen is Charlie Pell. Let's take a look now at 5 00:00:18,800 --> 00:00:21,040 Speaker 3: some of the stocks on the move today and joining 6 00:00:21,239 --> 00:00:25,479 Speaker 3: me now Bloomberg News Managing editor for the Bloomberg Markets 7 00:00:25,520 --> 00:00:30,040 Speaker 3: Live Blog, Christine Aquino, Christine. Lots of macro forces driving 8 00:00:30,040 --> 00:00:32,720 Speaker 3: stocks today. Do want to begin though with best Buy. 9 00:00:32,760 --> 00:00:37,400 Speaker 3: The retailer did include the Christmas quarter higher after results. 10 00:00:37,800 --> 00:00:39,920 Speaker 3: What was going on with best Buy? What sent the 11 00:00:39,920 --> 00:00:41,680 Speaker 3: stock up by roughly seven percent? 12 00:00:41,960 --> 00:00:45,360 Speaker 1: Yeah, absolutely, Charlie, Yeah, definitely Best Buy one of us 13 00:00:45,400 --> 00:00:48,320 Speaker 1: performers today on the S and P five hundred ticker 14 00:00:48,440 --> 00:00:50,440 Speaker 1: b B. Why those shares end of to day up 15 00:00:50,479 --> 00:00:53,440 Speaker 1: by seven point eight percent? And that is all because, 16 00:00:53,479 --> 00:00:57,080 Speaker 1: as you say, a very strong holiday shopping season that 17 00:00:57,200 --> 00:00:59,640 Speaker 1: was better than expected for the company. Probably help it 18 00:00:59,720 --> 00:01:01,880 Speaker 1: if I that they did have a Blockbuster and Nintendo 19 00:01:01,960 --> 00:01:05,760 Speaker 1: Switch to release and also overbust replacement cycle that pushed 20 00:01:05,800 --> 00:01:08,479 Speaker 1: a lot of our consumers to come shop at their 21 00:01:08,520 --> 00:01:12,280 Speaker 1: stores for this particular period. Now, they did forecast revenue 22 00:01:12,319 --> 00:01:14,840 Speaker 1: for this year to be in line with Wall Street estimate. 23 00:01:14,880 --> 00:01:17,920 Speaker 1: It's a little bit of disappointment there on the margin, 24 00:01:18,040 --> 00:01:22,919 Speaker 1: and our Bloomberg Intelligence analysts saying that because they're forecasting 25 00:01:22,920 --> 00:01:25,400 Speaker 1: about a half a percent gain in twenty twenty six 26 00:01:25,440 --> 00:01:29,399 Speaker 1: for same store sales, they're expecting actually a decline for 27 00:01:29,480 --> 00:01:32,960 Speaker 1: that metric in fiscal twenty twenty seven given the very 28 00:01:33,040 --> 00:01:35,800 Speaker 1: meager forecast for twenty twenty six. So we'll see how 29 00:01:35,800 --> 00:01:37,560 Speaker 1: it works out for Best Buy in a feature. But 30 00:01:37,920 --> 00:01:40,399 Speaker 1: as for today, those results good enough to push that 31 00:01:40,480 --> 00:01:41,279 Speaker 1: stock up today. 32 00:01:41,440 --> 00:01:44,640 Speaker 3: Yeah, interesting, up again by seven point one percent on 33 00:01:44,680 --> 00:01:47,640 Speaker 3: a day which is another prominent retailer target rallied six 34 00:01:47,640 --> 00:01:50,840 Speaker 3: point seven percent from retailing. Now to tech, we did 35 00:01:50,960 --> 00:01:55,800 Speaker 3: hear from Akamai Technologies the stock up roughly four and 36 00:01:55,800 --> 00:02:00,000 Speaker 3: a half percent today. What was driving Akamai Technologies higher? 37 00:02:00,200 --> 00:02:03,400 Speaker 1: Yeah, Well, Akamai to create akam Delos lays Hire as 38 00:02:03,440 --> 00:02:06,360 Speaker 1: well as you mentioned Charlie, and a lot of news 39 00:02:06,720 --> 00:02:11,600 Speaker 1: related to its AI capabilities here. So apparently Akamai is 40 00:02:11,600 --> 00:02:16,400 Speaker 1: acquiring thousands of Nvidia Blackwell gp us for the aim 41 00:02:16,520 --> 00:02:20,600 Speaker 1: of bolstering its global distributed cloud infrastructure. So their goal 42 00:02:20,680 --> 00:02:24,240 Speaker 1: here is to create a unified platform for AR processes 43 00:02:24,280 --> 00:02:28,320 Speaker 1: including R and D fine tuning and post training optimization. 44 00:02:28,760 --> 00:02:31,639 Speaker 1: And the idea is that so that they can support 45 00:02:31,720 --> 00:02:35,279 Speaker 1: a rapid inference by reducing latency. So all about AIAI 46 00:02:35,360 --> 00:02:39,600 Speaker 1: AI and that's definitely been boosting the stock today. Separately though, 47 00:02:39,600 --> 00:02:42,200 Speaker 1: we did get a report from streaming media blogs saying 48 00:02:42,200 --> 00:02:45,680 Speaker 1: that the software company has also notified customers of coming 49 00:02:46,000 --> 00:02:50,200 Speaker 1: interim searcharges and pricing adjustments for contracting renewals, so probably 50 00:02:50,240 --> 00:02:53,919 Speaker 1: helping the stock as well, just given that there has 51 00:02:53,960 --> 00:02:55,919 Speaker 1: been some cost issues for this company in the past. 52 00:02:55,960 --> 00:02:58,520 Speaker 3: Did you know that the company gets its name from 53 00:02:58,560 --> 00:03:03,959 Speaker 3: the Hawaiian word that means smart, clever, intelligent, or expert. 54 00:03:04,160 --> 00:03:06,120 Speaker 1: Wow, I didn't know that, but that makes a lot 55 00:03:06,160 --> 00:03:09,160 Speaker 1: of sense because they're definitely smart about bolstering their AI 56 00:03:09,240 --> 00:03:10,320 Speaker 1: capabilities for sure. 57 00:03:10,400 --> 00:03:12,480 Speaker 3: All right, ak am I today up by four and 58 00:03:12,480 --> 00:03:16,720 Speaker 3: a half percent. Also news today involving Newmont, we did 59 00:03:16,760 --> 00:03:19,960 Speaker 3: see the shares drop by seven point seven percent. What 60 00:03:20,080 --> 00:03:21,359 Speaker 3: was going on with Newmont. 61 00:03:21,000 --> 00:03:24,320 Speaker 1: Today, Yeah, Charlie, Well, you know, Newmont took herne and 62 00:03:24,400 --> 00:03:27,720 Speaker 1: those shares under pressure today, primarily because it is the 63 00:03:27,760 --> 00:03:30,880 Speaker 1: world's top gold miner and gold was very much on 64 00:03:31,080 --> 00:03:33,880 Speaker 1: the back foot today. We did see gold declining more 65 00:03:33,919 --> 00:03:37,320 Speaker 1: than four percent today, That is the biggest decline in 66 00:03:37,480 --> 00:03:40,680 Speaker 1: about a month. A lot of pressure there, just kind 67 00:03:40,720 --> 00:03:44,320 Speaker 1: of getting swept up in the very interesting reaction to 68 00:03:44,360 --> 00:03:47,520 Speaker 1: the Iran conflict since that broke out over the weekend. 69 00:03:47,560 --> 00:03:51,000 Speaker 1: But Newmont very much getting dragged by that decline in 70 00:03:51,080 --> 00:03:54,800 Speaker 1: gold today for sure. But you know, specifically regarding the 71 00:03:54,840 --> 00:03:57,520 Speaker 1: company and what's what it's been doing, we do have 72 00:03:57,520 --> 00:04:02,480 Speaker 1: Bloomer Intelligence saying that you know, Newmont, it did undergo 73 00:04:02,560 --> 00:04:06,120 Speaker 1: as acquisition of New Crest recently, but they have yet 74 00:04:06,120 --> 00:04:09,080 Speaker 1: to show that that has delivered a portfolio upgrade. And 75 00:04:09,560 --> 00:04:13,320 Speaker 1: twenty twenty six gold volume falling to about five point 76 00:04:13,360 --> 00:04:17,240 Speaker 1: three million attributable gold ounces, and so you know, a 77 00:04:17,240 --> 00:04:19,960 Speaker 1: lot of investors still waiting for the payout from that transaction. 78 00:04:20,080 --> 00:04:22,479 Speaker 1: They're not necessarily seeing it at the moment. A couple 79 00:04:22,520 --> 00:04:24,320 Speaker 1: of bit of gold declinents a bit of a challenge 80 00:04:24,360 --> 00:04:25,560 Speaker 1: day for Newmont today. 81 00:04:25,320 --> 00:04:28,080 Speaker 3: All right. And in terms of that challenging day again 82 00:04:28,160 --> 00:04:32,080 Speaker 3: down seven point seven percent on Neumont should point out 83 00:04:32,080 --> 00:04:35,320 Speaker 3: the both gold and silver also declined today. 84 00:04:35,960 --> 00:04:40,000 Speaker 2: This stock mover's report from Bloomberg Radio. 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