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 Stenovak, Romain, Bostik, and Scarlet Food.
Speaker 3: All right, let's get to some of the individual gainers,
Speaker 3: if we may. Carnival, this was definitely an now performer,
Speaker 3: number one gainer in the S and P five hundred
Speaker 3: folks just finishing off as ties of the session, still
Speaker 3: good enough for a gain of about nine point eight percent.
Speaker 3: The company giving a better than expected profit outlook for
Speaker 3: next year reinstated dividend payments. The company expects a justin
Speaker 3: at income to rise about twelve percent next year. That's
Speaker 3: higher than the average analyst estimate of an eight point
Speaker 3: seven percent increase, so that's quite some outperformance there. As
Speaker 3: we mentioned, they also announced that quarterly dividend fifteen cents
Speaker 3: a share after payouts were discontinued back in twenty twenty.
Speaker 3: Company also say trends are poised to continue to next
Speaker 3: year on higher prices in booking, so that lifting the
Speaker 3: cruise group on this Friday got to go over to Oracle,
Speaker 3: which has had a little bit of a tough go
Speaker 3: as it questions some of its moves and investments into
Speaker 3: AI and the death that it's been taking on as
Speaker 3: a result, actually getting a kick to the upside, up
Speaker 3: six point nine percent in today's session. This happening on
Speaker 3: a Bloomberg exclusive TikTok being bought by a group of
Speaker 3: buyers led by Oracle, which will own fifteen percent of
Speaker 3: the entity as well Silver Lake and MGX. That's an
Speaker 3: Abu Dhabi based investment company. Oracle and byte Dance signing
Speaker 3: binding agreements to create a US joint ventures and so
Speaker 3: it will be an independent entity controlling data protection, content moderation,
Speaker 3: and algorithm security with a new seven member majority American
Speaker 3: board of directors. So that was some interesting performance there
Speaker 3: for Oracle, and this one for something different. I like
Speaker 3: to kind of go there. A small market cap about
Speaker 3: six hundred seventeen million dollars. Ticker is wy Fi white Fiber.
Speaker 3: It was spent half this year from its parent company
Speaker 3: bit Digital, which is a crypto firm, which spun it
Speaker 3: off to focus on AI infrastructure. White Fiber provides AI
Speaker 3: data centers with what's known as biological white fibers for quick,
Speaker 3: quick power and fast computing needed by AI and machine
Speaker 3: learning tasks. And what happened is some news today to
Speaker 3: a now say ten year forty megawat colocation agreement between
Speaker 3: its subsidiary and No Data Centers and n Scale Global Holdings.
Speaker 3: There's a lot of stuff in here, basically a new
Speaker 3: megawat data center. What's interesting is it takes kind of
Speaker 3: existing facilities and makes it ready for high performance data
Speaker 3: center compute, if you will. That's needed for AI, machine
Speaker 3: learning and all that good stuff. So I just like
Speaker 3: to throw that out. It's a stock that is down
Speaker 3: about five percent though since it's IPO back in August.
Speaker 4: Okay, that one, I have a less complicated one. Marell
Speaker 4: sorry to start with that. Bring it down. Everybody knows
Speaker 4: what Nike does. Down ten and a half percent today,
Speaker 4: This after the company warned that sales will decline this
Speaker 4: quarter persistent weakness in China and then the Converse brand
Speaker 4: also seeing weakness too. The company does expect revenue to
Speaker 4: be down in the low single digits in the three
Speaker 4: months that started on December first, with Converse sales plunging
Speaker 4: in Greater China, sales down. Nike shares today down by
Speaker 4: ten point five four percent, kind of where they were
Speaker 4: throughout the session. Also lamb weston oh wow, frozen potato
Speaker 4: French fries. French fries too. Look at this non potato
Speaker 4: French fries. Uh, you could have some potato fries. Yes,
Speaker 4: very valid point. You know those aren't real fries.
Speaker 1: But thank you.
Speaker 4: Okay, down twenty six percent on to die on this
Speaker 4: is now it's now trading at the lowest going back
Speaker 4: to March of twenty twenty. The company came out to
Speaker 4: maintain your full year guidance despite beating second quarter expectations.
Speaker 4: The company noted, though in their press release that the
Speaker 4: price makes declined eight percent in North America due to
Speaker 4: ongoing supportive customers through price and trade, so essentially a
Speaker 4: profit warning about discounting and rising manufacturing costs, and finally
Speaker 4: looking at home builders, specifically KB Homes. Today this after
Speaker 4: week where Lenar reported results that disappointed markets too. KB
Speaker 4: Home shares fell down eight and a half percent at
Speaker 4: one point, down the most intraday since twenty twenty. This
Speaker 4: after the company posted fiscal fourth quarter profit that missed
Speaker 4: analyst estimates. The midpoint of the outlook range for fiscal
Speaker 4: twenty twenty six housing revenue also lagged expectations KB Home
Speaker 4: down eight point five percent.
Speaker 1: Oh, let's take a quick check in yield, the entire
Speaker 1: curve shifting higher on the day, Bob Weship pointing out
Speaker 1: pretty much every key point along that curve is lower
Speaker 1: on the week, including your two year yield, which is
Speaker 1: higher on the day, but is now dropped for two
Speaker 1: straight weeks as a lot of people continue to bet
Speaker 1: on continued FED rate cuts into twenty twenty six.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
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