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 Bostick and Scarlet.
Speaker 3: Food S and p five hundred guys, almost an even split.
Speaker 3: Two hundred and twenty one names to the upside, Katie,
Speaker 3: two hundred and eighty one to the downside. One unchanged.
Speaker 4: Wonder Years is also a great band. But let's talk
Speaker 4: about the circle in front of us. You can see
Speaker 4: a real mixed bag here when it comes to the
Speaker 4: sector performance amid this selloff, five managing to finish in
Speaker 4: the green, six in the red. In terms of what
Speaker 4: did do well today, consumer staples up top higher by
Speaker 4: about nine tens of a percent. Certainly a defensive tilt there.
Speaker 4: I Meanwhile, you take a look at what didn't perform,
Speaker 4: and you guessed it. It's Tech down two point nine
Speaker 4: percent as a sector. Energy and communication services also certainly
Speaker 4: hurting today, Carol.
Speaker 3: Yeah, the socks alone was down I think more than
Speaker 3: five percent in today's session, so you definitely saw that
Speaker 3: playing out. Thank you, Broadcom.
Speaker 2: It was five point one percent.
Speaker 1: If we're going to be specific. Okay, you know, worse
Speaker 1: day since October.
Speaker 3: Time, I am, I am done. Let's get to some
Speaker 3: of the individual gainers, if we may. On this Friday, Lululemon, guys,
Speaker 3: check it out, top gainer in the S and P
Speaker 3: five hundred and NASDAQ one hundred, finishing the day with
Speaker 3: a gain of about nine point six percent off its highs.
Speaker 3: But still nonetheless our performance there the shares rallying after
Speaker 3: the company boost it's full your outlook, announced its CEO
Speaker 3: would step down. So, as we know, we were breaking
Speaker 3: this right late yesterday. The company looking for a replacement
Speaker 3: for the company CEO, Calvin McDonald, who will depart the
Speaker 3: top post at the end of January. So nonetheless, investors
Speaker 3: enthused about what's to come next for Lululemon. Hey, also
Speaker 3: weed stocks, which have been taking a beating kind of
Speaker 3: smoking today. This is insane, I know, check this out.
Speaker 2: Can it be growth?
Speaker 3: A fifty four percent in today's session, that's the eightrs
Speaker 3: at trade here in the States. Go over to Tilray
Speaker 3: that one up about forty four percent in today's session. Again,
Speaker 3: backdrop is that we know that they've been beaten up
Speaker 3: a lot, so just got to kind of put that
Speaker 3: into perspective. But what the news is President Trump, or
Speaker 3: at least he's expected to direct his administration to move
Speaker 3: to reclassify marijuana as a less dangerous drug. According to
Speaker 3: people familiar, so pushing to reclassify it as a Schedule
Speaker 3: three drug, and that would be really a victory for
Speaker 3: companies and investors and patients who use medical.
Speaker 1: Marraland did he address the issues that were in that
Speaker 1: most recent congressional bill that would effectively get rid of
Speaker 1: like edibles and a lot of other products.
Speaker 3: I don't know.
Speaker 2: Did he No? Okay?
Speaker 5: All right, so there's more to come right that rhetorical question.
Speaker 3: I don't know.
Speaker 1: Most of my record, that's rhetorical.
Speaker 3: I never know whether to ignore and when to listen.
Speaker 1: All right.
Speaker 3: Another group on my mind, fast food, fast casual. Check
Speaker 3: it out, guys, let me go through a couple of
Speaker 3: different names. You have Chipotlay That one is up three
Speaker 3: point six percent, Shakeshacks up five percent, Kava was up
Speaker 3: as much as five point six percent, ending the day
Speaker 3: with a gain of just shy of one percent. Baired
Speaker 3: analyst David Tarantino, seeing these companies as potential beneficiaries from
Speaker 3: the twenty twenty six World Cup, as you know, being
Speaker 3: hosted by US, Mexico and Canada. Here's what he has
Speaker 3: to say. He says the increase in tourism and broader
Speaker 3: consumer mobility activity tied to each sporting event over the
Speaker 3: six week period will lead to increased spending at restaurants
Speaker 3: in and around the host cities and also provide some
Speaker 3: of these brands.
Speaker 5: Yeah, they want to come an eat the American food,
Speaker 5: the fast casual that we're known for, just saying.
Speaker 3: Just saying eat and go, eat and go. All right,
Speaker 3: what do you got, Tim? All right?
Speaker 5: I got to start with shares of Oracle following by
Speaker 5: four point five percent. This after Bloomberg's Brodie Ford reported
Speaker 5: that the company has pushed back completion dates for some
Speaker 5: of the data centers it's developing for Open AI to
Speaker 5: twenty twenty eight from twenty twenty seven. This is according
Speaker 5: to people familiar with the work. The delays largely due
Speaker 5: to labor and material shortages. Said to the people, Oracle
Speaker 5: and a spokesperson said in a statement that the company
Speaker 5: remained confident in its ability to meet its obligations in
Speaker 5: future expansion plans, and Carol mentioned Broadcom down eleven point
Speaker 5: four percent. Worse stay going back to January. You know,
Speaker 5: we spoke to Ian King about this earlier. He said
Speaker 5: the numbers were fantastic. It was that sales outlook, though
Speaker 5: for the AI market, failed to meet investors expectations. Hot
Speaker 5: Tan so the company is a backlog of seventy three
Speaker 5: billion dollars in AI product orders that will be shipped
Speaker 5: over the next six quarters, but warned that total margins
Speaker 5: were narrowing because of AI product sales, and held off
Speaker 5: on giving an annual AI revenue forecast, saying it was
Speaker 5: a quote moving target. And finally, shares of Dell following
Speaker 5: by six point two percent, this after Business Insider said
Speaker 5: the company is set to increase prices next week across
Speaker 5: its commercial product lines. A Business Insiders cited an internal
Speaker 5: list aboutcoming price changes sent to staff on December ninth.
Speaker 5: Dell shares down by six point two percent.
Speaker 1: All right, real quick check on yields. Here was another
Speaker 1: interesting day, but more importantly interesting week. Two year yields.
Speaker 1: We're lower on the day and on the week, but
Speaker 1: pretty much across the rest of the curve we were higher,
Speaker 1: not just on the day but on the week.
Speaker 2: As well.
Speaker 1: In fact, two straight weeks now that we've seen the
Speaker 1: benchmark ten years as well as the longbond the thirty
Speaker 1: year actually go up rather than down despite some of
Speaker 1: those rate cuts.
Speaker 2: This stockmover's report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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