Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.
Speaker 3: All Right, guys, let's get to some of the individual
Speaker 3: gainers if I may, and let's go to applied Materials.
Speaker 3: Definitely in a now performer in today's session, you can
Speaker 3: see that stock finishing the day with a gain of
Speaker 3: about eight percent here, So a top gainer in the
Speaker 3: Nazek one hundred and s and P five hundred hitting
Speaker 3: a record in today's session after delivering a surprisingly upbeat
Speaker 3: sales forecast and really signaling that demand for artificial intelligence
Speaker 3: and memory semiconductors is fueling equipment purchases. I do also
Speaker 3: want to mention that they just resolved to a high
Speaker 3: profile regulatory issue announcing plans to settle and to pay
Speaker 3: two hundred and fifty two point five million to settle
Speaker 3: a US Commerce Toartment investigation into improper exports to China,
Speaker 3: So getting rid of some maybe legal overhang. That stock,
Speaker 3: by the way, up almost forty percent here in twenty
Speaker 3: twenty six you mentioned Coinbase.
Speaker 4: Yes, it's definitely on my list.
Speaker 3: I believe it's the number one gainer in the S
Speaker 3: and P five hundred today. Stock up about sixteen percent
Speaker 3: here at the close for the Friday trade on triple
Speaker 3: average trading volume, and that's despite posting week results. As
Speaker 3: we know, this is a stock that often trades in
Speaker 3: tandem with Bitcoin, which rallied for the first time in
Speaker 3: five trading sessions.
Speaker 4: Coin Base disclosing the fourth quitter.
Speaker 3: Revenue fell a greater than expected twenty percent to one
Speaker 3: point eight billion, and the company posted a net loss
Speaker 3: of six hundred and sixty seven million. It has been
Speaker 3: under though a lot of pressure since hitting a high.
Speaker 3: I think it was back in October, so down a lot,
Speaker 3: so maybe a lot of that bad news priced in.
Speaker 4: And then let's roll on over to Rivian Automotive.
Speaker 3: This one up about just shy of twenty seven percent
Speaker 3: in today's session, boring biggest jump I think since around
Speaker 3: twenty twenty four. Company reported better than expected fourth quarter
Speaker 3: results and its first ever annual gross profit, a key
Speaker 3: milestone after years of consistent losses. Company remaining on track
Speaker 3: to launch it's our two mid size suv which it
Speaker 3: hopes will appeal to a broader swap of car buyers
Speaker 3: for you to go well, expected to go on sale
Speaker 3: on the second quarter. It's funny, we have to probably
Speaker 3: soon ish look for a car.
Speaker 4: I don't know if we'll check it out.
Speaker 5: Maybe not not ready for an EV yet.
Speaker 1: I'm holding out for a cyber truck to say, okay,
Speaker 1: love the look.
Speaker 4: Are you really?
Speaker 1: I would never get an EV, but if it was
Speaker 1: available in gas form, perhaps.
Speaker 4: Okay, that's uh and not an EV.
Speaker 5: I want to go to some stocks in the red
Speaker 5: today in Vidia shares falling by two point two percent.
Speaker 5: It's actually down about two percent this year. Interestingly enough,
Speaker 5: big tech companies, even though they're spending plans for AI infrastructure,
Speaker 5: have gone up this year. In Vidia shares have been
Speaker 5: largely stagnant for months. There's growing concern that the ultimate
Speaker 5: revenue from AI will not keep up with the capex
Speaker 5: that's been announced, which could lead to a pause in spending,
Speaker 5: and Videa's valuation is compressed as revenue growth is expected
Speaker 5: to slow. Investors are waiting for the company's upcoming earnings
Speaker 5: report for guidance on demand for chips. It's the only
Speaker 5: member of the bag seven that hasn't reported for this time period,
Speaker 5: so we'll have to wait and see.
Speaker 4: Excuse me here.
Speaker 5: You know, when I talk about prediction markets, I get
Speaker 5: a little choked up, and that takes us to DraftKings
Speaker 5: shares took a pretty big hit today, down thirteen and
Speaker 5: a half percent. Forecasts for the year for sales and
Speaker 5: profit fell short of Wall Street estimates. The company actually
Speaker 5: said that they're not seeing a discernible impact from predictions
Speaker 5: on revenue, and they view prediction markets as a massive opportunity.
Speaker 5: But it's hard for me to understand that if it
Speaker 5: just increases competition, you know, if you can use Robinhood
Speaker 5: or some other platform for actually, you know, betting on sports,
Speaker 5: and it doesn't have the same regulatory overhangs that these
Speaker 5: sports gambling specific apps Havetheless, shares did fall by thirteen
Speaker 5: and a half percent today, and finally, taking a look
Speaker 5: at social media company Pinterest, shares took a tumble close
Speaker 5: to seventeen percent. The company projected current quarter sales that
Speaker 5: fell short of Wall Street estimates. Interestingly enough, the company's
Speaker 5: business has been affected by the Trump administration's trade policies.
Speaker 5: It warned back in November the tariffs for the home
Speaker 5: furnishings category could affect revenue because these companies are spending
Speaker 5: more to absorb tariffs and not actually spending that money
Speaker 5: on marketing, and that's where pinterest comes in. Shares today
Speaker 5: fell by close to seventeen percent.
Speaker 1: All right, let's take a quick look at yields here.
Speaker 1: Of course, we've got CPI this morning at eight thirty,
Speaker 1: and on the headline number, it came in a little
Speaker 1: bit below expectations. On the screws. When it comes to
Speaker 1: the core figure, you can see how that translated into
Speaker 1: the bond market. Two year yields down about five basis
Speaker 1: points at the lowest level in years, and then ten
Speaker 1: year yields also dropping about five basis points. We are
Speaker 1: once again on four percent watch. Actually a big move
Speaker 1: lower in ten year ye olds overall this week, we're
Speaker 1: talking about fifteen basis points or so. In some ways,
Speaker 1: it kind of feels like it came out of nowhere,
Speaker 1: but here we are.
Speaker 3: Yeah, a little bit of a different trade, no doubt
Speaker 3: about that. Speaking of a different trade, we've kind of
Speaker 3: seen the AI scare trade making its way through the market,
Speaker 3: weaving its way, if you will, kind of a sign
Speaker 3: of the times. Goldman Traders has launched an AI proof
Speaker 3: software basket amid what we've been seeing as different sectors
Speaker 3: have come under pressure in the trade concerned about tim
Speaker 3: the AI impact.
Speaker 5: Yeah, the basket includes companies such as cloud Flare, CrowdStrike, Holdings,
Speaker 5: Microsoft on the longside and Monday Monday dot Com Salesforce,
Speaker 5: du A Lingo on the short side, so you know,
Speaker 5: kind of going both ways with the AI trade.
Speaker 4: Yeah, it's really interesting.
Speaker 1: I mean, the logic here when it comes at least
Speaker 1: to the long basket, is that these are names that
Speaker 1: require either physical execution, maybe they have regulatory entrenchment or
Speaker 1: human accountability. It's going to be interesting to see how
Speaker 1: it fares. I mean, I pla Goldman for launching this,
Speaker 1: because now at least we can track it.
Speaker 5: Maybe we should just all invest in plumbers and dentists
Speaker 5: because those seem pretty AI proof.
Speaker 1: Right, Oh, dentists, the robots could operate on your man.
Speaker 4: I guess they could. Or maybe we should invest in
Speaker 4: Golden Doodles.
Speaker 6: Oh, Golden we should. I think that we everyone should.
Speaker 6: If you were to play Bloomberg terminal Bingo, I would
Speaker 6: say ex boyfriend Golden Doodle in auction check everything that's
Speaker 6: not related to Warren Buffett or bitcoin.
Speaker 4: Just my two cents.
Speaker 6: We're talking about Tucker the Golden Doodle, the ex boyfriend.
Speaker 6: I don't know if you guys remember Delaware court ruling.
Speaker 6: Though there was a private auction. Couple broke up ahead
Speaker 6: of Valentine's Day, sorry, and they were auctioning off Tucker
Speaker 6: the Golden Doodle kittie. The thing that I thought was
Speaker 6: interesting is the losing party gets the money.
Speaker 1: Yeah, it feels like more of a sale than it
Speaker 1: is in auction. But I guess you know, they were
Speaker 1: bidding back and forth, and it turns out the ex
Speaker 1: boyfriend just loved the dog more.
Speaker 6: See back in my day, though, you would put the
Speaker 6: dog in the middle of the living room, stand on
Speaker 6: opposite sides wherever Tuck rant who keeps the dog, and
Speaker 6: the other person goes and finds another pet.
Speaker 5: The only fair way.
Speaker 4: How about sharing the dog?
Speaker 1: No, I don't know you see you hear stories about that,
Speaker 1: like people who weren't married have sharing custody of their pets.
Speaker 1: I would just steal it.
Speaker 4: I just hope uh Tucker's happy. That's all I'm gonna say.
Speaker 3: All right, guys, that is a rap. Happy Valentine's Day,
Speaker 3: Happy Friday, the thirteen.
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