WEBVTT - Closing Bell: Walmart Rises, Nvidia Whipsawed, Bath & Body Works Slumps

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is the closing bell on this stock movers report.

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<v Speaker 2>The company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenovak, Romain Bostick, and Scarlet Food.

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<v Speaker 3>I'm going to go to some of the individual gainers. Katie,

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<v Speaker 3>you mentioned Walmart. It is your number one gainer in

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<v Speaker 3>the S and P five hundred today, finishing just off

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<v Speaker 3>its best levels of the session, up six and a

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<v Speaker 3>half percent. Company world's largest retailer, as you know, raising

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<v Speaker 3>its full year sales and profit outlook. So it's a

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<v Speaker 3>sign that Walmart is wruinning over priced sensitive shoppers while

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<v Speaker 3>absorbing rising costs. The upbeat outlook driven by strong e

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<v Speaker 3>commerce performance and a wide assortment of products, including luxury

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<v Speaker 3>items like pre owned Chanel bags, which I had no

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<v Speaker 3>idea that they were, so, I know, did you know this?

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<v Speaker 4>Yeah, I read that in our story. It might surprise you.

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<v Speaker 4>I'm not really on the market for the armed shata.

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<v Speaker 3>Well if you're thinking about peak love anyway. So Walmart

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<v Speaker 3>definitely a now perfect given experiences that's actually really loving

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<v Speaker 3>to regeneron that one. Up about four point nine percent

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<v Speaker 3>in today's session, that folks number two gainer in the

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<v Speaker 3>S and P five hundred, and I think it was

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<v Speaker 3>also a top gainer in the Nasdaq one hundred. That one,

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<v Speaker 3>as I mentioned, up as much as seven percent, but

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<v Speaker 3>finishing the day just shy of a five percent gain.

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<v Speaker 3>It was halted last night. You might recall about twenty

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<v Speaker 3>four hours ago after the close late yesterday and then

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<v Speaker 3>today the stock rallying after the FDA approved a higher

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<v Speaker 3>dose of Ailiah. I believe it said to treat patients

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<v Speaker 3>with macular adma following retinal vein inclusion. I'm not a doctor,

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<v Speaker 3>don't play one on TV. But nonetheless this was seen

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<v Speaker 3>as a good sign in terms of indications for that

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<v Speaker 3>drug and also leering partners coming out and saying that

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<v Speaker 3>this from Regeneron is on a better footing compared to

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<v Speaker 3>a rival drug from Roche following the approvals. One more

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<v Speaker 3>name I want to mention shoot cipher Mining was up

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<v Speaker 3>twenty percent at its high today. It did finish down

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<v Speaker 3>four tens seven percent, So I'm really sorry about that

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<v Speaker 3>one I did.

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<v Speaker 4>I didn't understand.

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<v Speaker 3>Cipher mining was a twenty percent at rally big time today.

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<v Speaker 3>This was after it's a six billion dollar market cap

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<v Speaker 3>bitcoin minor and data center operator.

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<v Speaker 4>It signed an eight hundred.

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<v Speaker 3>And thirty million dollar eight AI hosting agreement with fluid

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<v Speaker 3>Stack blah blah blah blah, with additional backstop from Google,

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<v Speaker 3>but apparently by the end of the day investors weren't impressed.

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<v Speaker 4>Sorry about that.

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<v Speaker 3>That's kind of a welcome to my world.

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<v Speaker 4>The decliner's Carol Master was.

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<v Speaker 3>A gainer, now a decliner over to doom.

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<v Speaker 5>Okay, well, let's start with Nvidia, the big one today,

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<v Speaker 5>finishing down close to three percent on the day. Today,

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<v Speaker 5>shares initially climb more than five percent after stronger than

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<v Speaker 5>expected revenue forecast. The rally faded though, as investors worried

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<v Speaker 5>about AI spending and it first investors liked what they

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<v Speaker 5>saw it late yesterday early today, at least with revenue

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<v Speaker 5>and guidance for the data center division, but as remain

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<v Speaker 5>said earlier, concerns when it comes to inventory build up

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<v Speaker 5>and accounts receivab well once again, shares closing down close

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<v Speaker 5>to three percent.

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<v Speaker 1>Add a honorable mention out of that. There was a

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<v Speaker 1>huge downdraft today in sand Disk. I remember that big

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<v Speaker 1>run up that we saw you know I wasn't going

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<v Speaker 1>to get to that. Oh I don't know, were you?

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<v Speaker 4>No? Okay, anyway, you got me on that.

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<v Speaker 1>But no, I mean we talk about a twenty percent

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<v Speaker 1>drop today, but really, I mean it's down like thirty

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<v Speaker 1>percent since they hit that all time high. Just what

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<v Speaker 1>I think it was like last week or the week whatever,

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<v Speaker 1>well never November twelve was. But it gets to this

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<v Speaker 1>idea that a lot of people are saying that now

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<v Speaker 1>you're starting to see weakness in the memory makers now

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<v Speaker 1>being dragged down by some of the issues going on

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<v Speaker 1>with the broader AI trade.

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<v Speaker 5>Yeah, sand Disc shares ended up falling today by more

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<v Speaker 5>than twenty percent, but usually Romaine, you saved the honorable

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<v Speaker 5>mentions for when I'm done with all three. But this

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<v Speaker 5>was a really important one.

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<v Speaker 4>Thanks for coming that out.

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<v Speaker 5>Strategy, the company formerly known as micro Strategy, shares took

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<v Speaker 5>a hit today. The company now faces the risk of

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<v Speaker 5>being dropped from benchmark industry such as MSCIUSA and NASDAQ

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<v Speaker 5>one hundred. Shares today fell by more than five percent.

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<v Speaker 5>JP Morgan Chase analysts out with a note or earlier

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<v Speaker 5>this week that warned that exclusion from major indices could

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<v Speaker 5>lead to a loss of liquidity, higher funding costs, and

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<v Speaker 5>decreased investor appeal. The decision on inclusion comes January fifteenth,

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<v Speaker 5>as much as two point eight billion dollar potentially exiting

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<v Speaker 5>if MSCI moves ahead with exclusion. Now at its peak,

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<v Speaker 5>the markets capitalization for strategy sort of of the value

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<v Speaker 5>of its holdings, But the premium that's been there for

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<v Speaker 5>so long with Strategy has pretty much vanished right now,

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<v Speaker 5>So the valuation is really around how much crypto it

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<v Speaker 5>actually has in its reserves right now, and that's a

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<v Speaker 5>sign that investor belief is thinning quickly. And finally, Bath

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<v Speaker 5>and Bodywork shares took a tumble today, at one point

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<v Speaker 5>down more than twenty percent and closing the day down

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<v Speaker 5>twenty four percent to the downside. This after the company

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<v Speaker 5>cut it's full yeardjusted earnings per share forecast. It cited

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<v Speaker 5>negative consumer sentiment.

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<v Speaker 1>Remain all right, Let's take a look at the yield

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<v Speaker 1>space here, the entire yield curve on this day taking

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<v Speaker 1>a bit of a shift lower, but that is not

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<v Speaker 1>necessarily a broad endorsement of conviction that rates by the

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<v Speaker 1>Fed are going to come down four to five basis

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<v Speaker 1>points lower.

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<v Speaker 4>Here across the Treasury curve.

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<v Speaker 1>But still when you look at the applied probability on

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<v Speaker 1>the Bloomberg terminal of a rate cut at the fed's

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<v Speaker 1>December tenth decision, still a bit of a split decision

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<v Speaker 1>right now based on what people are betting on.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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