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 Food.
Speaker 3: I'm going to go to some of the individual gainers. Katie,
Speaker 3: you mentioned Walmart. It is your number one gainer in
Speaker 3: the S and P five hundred today, finishing just off
Speaker 3: its best levels of the session, up six and a
Speaker 3: half percent. Company world's largest retailer, as you know, raising
Speaker 3: its full year sales and profit outlook. So it's a
Speaker 3: sign that Walmart is wruinning over priced sensitive shoppers while
Speaker 3: absorbing rising costs. The upbeat outlook driven by strong e
Speaker 3: commerce performance and a wide assortment of products, including luxury
Speaker 3: items like pre owned Chanel bags, which I had no
Speaker 3: idea that they were, so, I know, did you know this?
Speaker 4: Yeah, I read that in our story. It might surprise you.
Speaker 4: I'm not really on the market for the armed shata.
Speaker 3: Well if you're thinking about peak love anyway. So Walmart
Speaker 3: definitely a now perfect given experiences that's actually really loving
Speaker 3: to regeneron that one. Up about four point nine percent
Speaker 3: in today's session, that folks number two gainer in the
Speaker 3: S and P five hundred, and I think it was
Speaker 3: also a top gainer in the Nasdaq one hundred. That one,
Speaker 3: as I mentioned, up as much as seven percent, but
Speaker 3: finishing the day just shy of a five percent gain.
Speaker 3: It was halted last night. You might recall about twenty
Speaker 3: four hours ago after the close late yesterday and then
Speaker 3: today the stock rallying after the FDA approved a higher
Speaker 3: dose of Ailiah. I believe it said to treat patients
Speaker 3: with macular adma following retinal vein inclusion. I'm not a doctor,
Speaker 3: don't play one on TV. But nonetheless this was seen
Speaker 3: as a good sign in terms of indications for that
Speaker 3: drug and also leering partners coming out and saying that
Speaker 3: this from Regeneron is on a better footing compared to
Speaker 3: a rival drug from Roche following the approvals. One more
Speaker 3: name I want to mention shoot cipher Mining was up
Speaker 3: twenty percent at its high today. It did finish down
Speaker 3: four tens seven percent, So I'm really sorry about that
Speaker 3: one I did.
Speaker 4: I didn't understand.
Speaker 3: Cipher mining was a twenty percent at rally big time today.
Speaker 3: This was after it's a six billion dollar market cap
Speaker 3: bitcoin minor and data center operator.
Speaker 4: It signed an eight hundred.
Speaker 3: And thirty million dollar eight AI hosting agreement with fluid
Speaker 3: Stack blah blah blah blah, with additional backstop from Google,
Speaker 3: but apparently by the end of the day investors weren't impressed.
Speaker 4: Sorry about that.
Speaker 3: That's kind of a welcome to my world.
Speaker 4: The decliner's Carol Master was.
Speaker 3: A gainer, now a decliner over to doom.
Speaker 5: Okay, well, let's start with Nvidia, the big one today,
Speaker 5: finishing down close to three percent on the day. Today,
Speaker 5: shares initially climb more than five percent after stronger than
Speaker 5: expected revenue forecast. The rally faded though, as investors worried
Speaker 5: about AI spending and it first investors liked what they
Speaker 5: saw it late yesterday early today, at least with revenue
Speaker 5: and guidance for the data center division, but as remain
Speaker 5: said earlier, concerns when it comes to inventory build up
Speaker 5: and accounts receivab well once again, shares closing down close
Speaker 5: to three percent.
Speaker 1: Add a honorable mention out of that. There was a
Speaker 1: huge downdraft today in sand Disk. I remember that big
Speaker 1: run up that we saw you know I wasn't going
Speaker 1: to get to that. Oh I don't know, were you?
Speaker 4: No? Okay, anyway, you got me on that.
Speaker 1: But no, I mean we talk about a twenty percent
Speaker 1: drop today, but really, I mean it's down like thirty
Speaker 1: percent since they hit that all time high. Just what
Speaker 1: I think it was like last week or the week whatever,
Speaker 1: well never November twelve was. But it gets to this
Speaker 1: idea that a lot of people are saying that now
Speaker 1: you're starting to see weakness in the memory makers now
Speaker 1: being dragged down by some of the issues going on
Speaker 1: with the broader AI trade.
Speaker 5: Yeah, sand Disc shares ended up falling today by more
Speaker 5: than twenty percent, but usually Romaine, you saved the honorable
Speaker 5: mentions for when I'm done with all three. But this
Speaker 5: was a really important one.
Speaker 4: Thanks for coming that out.
Speaker 5: Strategy, the company formerly known as micro Strategy, shares took
Speaker 5: a hit today. The company now faces the risk of
Speaker 5: being dropped from benchmark industry such as MSCIUSA and NASDAQ
Speaker 5: one hundred. Shares today fell by more than five percent.
Speaker 5: JP Morgan Chase analysts out with a note or earlier
Speaker 5: this week that warned that exclusion from major indices could
Speaker 5: lead to a loss of liquidity, higher funding costs, and
Speaker 5: decreased investor appeal. The decision on inclusion comes January fifteenth,
Speaker 5: as much as two point eight billion dollar potentially exiting
Speaker 5: if MSCI moves ahead with exclusion. Now at its peak,
Speaker 5: the markets capitalization for strategy sort of of the value
Speaker 5: of its holdings, But the premium that's been there for
Speaker 5: so long with Strategy has pretty much vanished right now,
Speaker 5: So the valuation is really around how much crypto it
Speaker 5: actually has in its reserves right now, and that's a
Speaker 5: sign that investor belief is thinning quickly. And finally, Bath
Speaker 5: and Bodywork shares took a tumble today, at one point
Speaker 5: down more than twenty percent and closing the day down
Speaker 5: twenty four percent to the downside. This after the company
Speaker 5: cut it's full yeardjusted earnings per share forecast. It cited
Speaker 5: negative consumer sentiment.
Speaker 1: Remain all right, Let's take a look at the yield
Speaker 1: space here, the entire yield curve on this day taking
Speaker 1: a bit of a shift lower, but that is not
Speaker 1: necessarily a broad endorsement of conviction that rates by the
Speaker 1: Fed are going to come down four to five basis
Speaker 1: points lower.
Speaker 4: Here across the Treasury curve.
Speaker 1: But still when you look at the applied probability on
Speaker 1: the Bloomberg terminal of a rate cut at the fed's
Speaker 1: December tenth decision, still a bit of a split decision
Speaker 1: right now based on what people are betting on.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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