1 00:00:02,480 --> 00:00:07,280 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,840 --> 00:00:13,280 Speaker 2: This is the closing bell on this stock movers report, 3 00:00:13,520 --> 00:00:16,480 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,720 --> 00:00:22,480 Speaker 2: with Carol Master, Tim Stenebeck, Romain Bostick, and Scarlet Food to. 5 00:00:22,440 --> 00:00:22,959 Speaker 3: The S and P. 6 00:00:23,079 --> 00:00:25,959 Speaker 4: Five hundred, and we've got two hundred and sixteen names 7 00:00:26,440 --> 00:00:29,360 Speaker 4: gating ground on this Tuesday, Katie, two hundred and eighty 8 00:00:29,360 --> 00:00:31,000 Speaker 4: six to the downside, one unchanged. 9 00:00:31,040 --> 00:00:33,519 Speaker 5: All right, let's take a look at the circle. Not 10 00:00:33,760 --> 00:00:36,720 Speaker 5: too much in terms of green. You can see the 11 00:00:36,840 --> 00:00:39,560 Speaker 5: information technology, given that it has such a big weight, 12 00:00:40,520 --> 00:00:43,480 Speaker 5: rising about eight tens of percent, but overall only three 13 00:00:43,520 --> 00:00:45,320 Speaker 5: sectors finishing in the green. 14 00:00:45,720 --> 00:00:46,800 Speaker 3: You had eight in the red. 15 00:00:46,840 --> 00:00:49,080 Speaker 5: In terms of what didn't do too well today, you 16 00:00:49,120 --> 00:00:53,600 Speaker 5: had energy, materials, utilities, healthcare leading losses. So not a 17 00:00:53,600 --> 00:00:55,440 Speaker 5: lot of breath behind this rally. 18 00:00:55,560 --> 00:00:57,720 Speaker 1: Sorry to see that reality show called the Circle. 19 00:00:58,160 --> 00:01:00,800 Speaker 5: I haven't actually I keep thinking of a stable coin. 20 00:01:00,920 --> 00:01:02,720 Speaker 1: Yeah, it's not about the S and P five hundred. 21 00:01:03,200 --> 00:01:09,479 Speaker 3: What's it about? So fighting love? What most reality story 22 00:01:09,520 --> 00:01:10,200 Speaker 3: in my career? 23 00:01:11,920 --> 00:01:14,479 Speaker 4: All right, let's get to some of the individual gainers. 24 00:01:15,200 --> 00:01:18,000 Speaker 4: Boeing number one gainer in the S and P five hundred. 25 00:01:18,000 --> 00:01:22,200 Speaker 4: Everybody I know like for something different, up ten percent 26 00:01:22,280 --> 00:01:26,600 Speaker 4: and pretty much closing at its best levels of the session. 27 00:01:27,200 --> 00:01:30,760 Speaker 4: The company planning to or expects to generate cash again 28 00:01:31,360 --> 00:01:33,800 Speaker 4: next year twenty twenty six, with positive free cash flow 29 00:01:33,840 --> 00:01:37,360 Speaker 4: to reach the low single digits next year. Company still 30 00:01:37,400 --> 00:01:40,280 Speaker 4: expects to eventually reach the ten billion dollar cash generation 31 00:01:40,360 --> 00:01:43,200 Speaker 4: target outline, but the previous management team this according to 32 00:01:43,240 --> 00:01:46,760 Speaker 4: the CFO. Keep in mind, here's the back story. The 33 00:01:46,760 --> 00:01:48,960 Speaker 4: free cash flow at Boeing hasn't been positive on an 34 00:01:49,000 --> 00:01:52,360 Speaker 4: annual basis since twenty twenty three, and the company phases 35 00:01:52,360 --> 00:01:54,240 Speaker 4: eight billion in debt payments next year. 36 00:01:54,320 --> 00:01:57,480 Speaker 3: So yeah, that's the balance sheet. Intel. 37 00:01:57,760 --> 00:02:02,000 Speaker 4: Yeah, also an our performance you mentioned the socks earlier, Romain, Intel, 38 00:02:02,040 --> 00:02:04,200 Speaker 4: you're number two gainer in the s and P five hundred, 39 00:02:04,320 --> 00:02:06,560 Speaker 4: number one gainer in the Nasdaq one hundred, a gain 40 00:02:06,600 --> 00:02:09,680 Speaker 4: of eight point six percent here at the close, continuing 41 00:02:09,720 --> 00:02:11,560 Speaker 4: really a rally that we've seen that's pushed this stock 42 00:02:11,639 --> 00:02:14,280 Speaker 4: up more than one hundred percent year to date, up 43 00:02:14,320 --> 00:02:17,840 Speaker 4: to its highest intra day since April of twenty twenty four, 44 00:02:17,919 --> 00:02:19,440 Speaker 4: and the stock is at one hundred and twenty one 45 00:02:19,440 --> 00:02:21,280 Speaker 4: percent in the past four months alone, so it's been 46 00:02:21,320 --> 00:02:25,280 Speaker 4: on a move to the eppsh upside. Intel shares recently 47 00:02:25,960 --> 00:02:28,840 Speaker 4: moving higher on talk rumors and analysts noting a potential 48 00:02:28,919 --> 00:02:31,760 Speaker 4: deal with Apple to outsource production of its entry level 49 00:02:31,880 --> 00:02:36,320 Speaker 4: M series chips. That analyst is TFN International Securities analyst, 50 00:02:36,360 --> 00:02:39,440 Speaker 4: so apparently making a post on X that he expects 51 00:02:39,520 --> 00:02:42,359 Speaker 4: this deal with Apple, but nothing confirmed. So I'm being 52 00:02:42,360 --> 00:02:47,480 Speaker 4: careful about this one, but investors pouring into Intel. Lastly, 53 00:02:47,520 --> 00:02:49,440 Speaker 4: I just want to get to Shopify, up about five 54 00:02:49,480 --> 00:02:53,240 Speaker 4: percent in today's session, top gainer in the Nasdaq one hundred. 55 00:02:53,600 --> 00:02:56,000 Speaker 4: This is after its merchants achieved record sales of fourteen 56 00:02:56,000 --> 00:02:59,360 Speaker 4: point six billion during the Black Friday Cyber Monday weekend, 57 00:02:59,440 --> 00:03:01,240 Speaker 4: representing a twenty seven. 58 00:03:01,120 --> 00:03:03,720 Speaker 3: Percent increase from last year or so. Some good news. 59 00:03:03,720 --> 00:03:05,960 Speaker 3: There were out there shopping. Yeah, that's it. 60 00:03:06,400 --> 00:03:08,760 Speaker 6: Okay, those are the gainers. I got the decliners. The 61 00:03:08,800 --> 00:03:10,680 Speaker 6: worst performing in the S and P five hundred today 62 00:03:10,720 --> 00:03:13,400 Speaker 6: was the company formerly known as Square It's now blockdown 63 00:03:13,520 --> 00:03:16,919 Speaker 6: six point six percent. The company flag weakness and gross 64 00:03:16,960 --> 00:03:19,480 Speaker 6: payment volume for its Square segment in the fourth quarter 65 00:03:19,480 --> 00:03:21,640 Speaker 6: compared to the three months earlier. This during a presentation 66 00:03:22,160 --> 00:03:25,840 Speaker 6: at the UBS Global Technology and AI Conference. On the 67 00:03:25,880 --> 00:03:28,800 Speaker 6: square side, we continue to expect GPV growth in the 68 00:03:28,800 --> 00:03:31,640 Speaker 6: load of double digit range, said blocks Owen Jennings, So 69 00:03:31,680 --> 00:03:34,440 Speaker 6: a slight deceleration relative to Q three, largely driven by 70 00:03:35,040 --> 00:03:38,800 Speaker 6: some weather events in October. Once again, shares of Block 71 00:03:38,840 --> 00:03:42,400 Speaker 6: today down six point six percent. And then American Bigcoin 72 00:03:42,760 --> 00:03:47,200 Speaker 6: this is the bigcoin minor slash hoarder co founded by 73 00:03:47,640 --> 00:03:51,480 Speaker 6: Eric Trump. This fell as much as fifty one percent 74 00:03:51,520 --> 00:03:54,240 Speaker 6: earlier in the session, trading was halted a couple times. 75 00:03:54,240 --> 00:03:56,200 Speaker 6: Shares fell by the end of the day down thirty 76 00:03:56,280 --> 00:04:00,920 Speaker 6: nine percent. This after restricted shares of the company were 77 00:04:00,960 --> 00:04:03,440 Speaker 6: freed up to be traded shares from a private placeman 78 00:04:03,440 --> 00:04:07,040 Speaker 6: that took place before American Bitcoin merged with Griffin Digital 79 00:04:07,040 --> 00:04:09,960 Speaker 6: Mining became available on Tuesday. This, according to the crypto 80 00:04:10,000 --> 00:04:12,320 Speaker 6: minor and a post on the social media platform x 81 00:04:12,800 --> 00:04:16,240 Speaker 6: by Donald or by Eric Trump brother once again shares 82 00:04:16,279 --> 00:04:19,880 Speaker 6: American Bitcoin down thirty nine percent today, And finally, Signet 83 00:04:19,960 --> 00:04:22,280 Speaker 6: Jewelers shares slid by six point eight percent. This is 84 00:04:22,320 --> 00:04:25,040 Speaker 6: the parent company of k Zales, Jared and many more. 85 00:04:25,400 --> 00:04:28,760 Speaker 6: Worst day going back to April. Signet's fourth quarter same 86 00:04:28,760 --> 00:04:31,719 Speaker 6: store sales forecast fell short of the consensus estimate. The 87 00:04:31,760 --> 00:04:34,520 Speaker 6: company expressed a note of caution on the consumer. The 88 00:04:34,520 --> 00:04:37,760 Speaker 6: company Coe said the quote measured fourth quarter outlook on 89 00:04:37,839 --> 00:04:41,359 Speaker 6: external disruption since late October and potential continued softness in 90 00:04:41,440 --> 00:04:44,640 Speaker 6: consumer competence. Interestingly enough, Black Friday not a major sales 91 00:04:44,640 --> 00:04:48,000 Speaker 6: event for most of Signet's brands. They tend to sell 92 00:04:48,040 --> 00:04:51,040 Speaker 6: closer to Christmas because engagements pick up during the holiday 93 00:04:51,040 --> 00:04:54,320 Speaker 6: season and through Valentine's Day. Wedding related jewelry typically makes 94 00:04:54,400 --> 00:04:56,040 Speaker 6: up more than half of signet sales. 95 00:04:56,279 --> 00:04:58,640 Speaker 1: All right, quick check on yields here a mixed day, 96 00:04:58,880 --> 00:05:01,000 Speaker 1: and we talk about this deal of what the Fed 97 00:05:01,040 --> 00:05:03,400 Speaker 1: does next in the market. Despite what some of the 98 00:05:03,440 --> 00:05:06,920 Speaker 1: Fed fund's future suggests with regards to options pricing not 99 00:05:06,960 --> 00:05:10,160 Speaker 1: necessarily reflected in treasuries. You did see short term treasuries 100 00:05:10,240 --> 00:05:12,960 Speaker 1: move lower down about two basis points. Long term treasuries 101 00:05:13,160 --> 00:05:15,280 Speaker 1: slightly higher here on the day. But overall this is 102 00:05:15,320 --> 00:05:18,119 Speaker 1: a bit of stasis, as folks who wait what comes next? 103 00:05:18,520 --> 00:05:20,840 Speaker 3: What's next? All right, folks just want to get to 104 00:05:20,880 --> 00:05:21,360 Speaker 3: some earnings. 105 00:05:21,360 --> 00:05:24,680 Speaker 4: Crossing the Bloomberg terminal, get lab just down about eight 106 00:05:24,680 --> 00:05:27,880 Speaker 4: tens of a percent as it crosses the Bloomberg terminal. 107 00:05:27,880 --> 00:05:30,000 Speaker 4: That stock is off about twenty three percent year to date, 108 00:05:30,040 --> 00:05:32,440 Speaker 4: so building on some of those losses in the aftermarket, 109 00:05:32,880 --> 00:05:35,960 Speaker 4: third quarter adjusted EPs twenty five cents a shore. That's 110 00:05:35,960 --> 00:05:38,479 Speaker 4: a nickel better than what the street was forecasting. Third 111 00:05:38,560 --> 00:05:41,600 Speaker 4: quarter revenue coming in better than forecast two hundred and 112 00:05:41,600 --> 00:05:44,280 Speaker 4: forty four point four million versus an estimate of two 113 00:05:44,279 --> 00:05:45,360 Speaker 4: thirty nine point five. 114 00:05:45,400 --> 00:05:46,920 Speaker 3: But here's the outlook. 115 00:05:47,040 --> 00:05:50,200 Speaker 4: Sees fourth quarter revenue two hundred and fifty one million 116 00:05:50,240 --> 00:05:53,560 Speaker 4: to two hundred and fifty two million. The street estimate 117 00:05:53,720 --> 00:05:56,320 Speaker 4: is kind of right there, two hundred and fifty one 118 00:05:56,320 --> 00:05:59,080 Speaker 4: point nine million. And then the company sees fiscal year 119 00:05:59,240 --> 00:06:02,000 Speaker 4: revenue nine hundred and forty six million to nine hundred 120 00:06:02,040 --> 00:06:04,440 Speaker 4: forty seven million. It had seen nine hundred thirty six 121 00:06:04,640 --> 00:06:06,359 Speaker 4: to nine hundred and forty two million, So I'm not 122 00:06:06,400 --> 00:06:09,039 Speaker 4: quite sure why the street is seeing so much disappointment. 123 00:06:09,240 --> 00:06:12,080 Speaker 4: Stock now down about nine percent here in the aftermarket. 124 00:06:12,440 --> 00:06:15,839 Speaker 1: Let's talk about Lamarvell, of course, the chip technology company. 125 00:06:15,839 --> 00:06:18,280 Speaker 1: Here it looks like the headline actually is not the earnings. 126 00:06:18,320 --> 00:06:21,159 Speaker 1: Here the company is said to be buying Celestial AI 127 00:06:21,279 --> 00:06:23,719 Speaker 1: in the company actually making that announcement officially in a 128 00:06:23,720 --> 00:06:26,520 Speaker 1: statement right now. Doesn't appear that terms of the deal 129 00:06:26,600 --> 00:06:30,000 Speaker 1: are included in this situation, but you're seeing the shares 130 00:06:30,000 --> 00:06:32,839 Speaker 1: move lower by about two percent here in the after 131 00:06:32,920 --> 00:06:33,480 Speaker 1: hours trade. 132 00:06:34,839 --> 00:06:38,880 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 133 00:06:38,960 --> 00:06:41,520 Speaker 2: us throughout the day for the latest roundup of companies 134 00:06:41,600 --> 00:06:44,680 Speaker 2: making news on Wall Street and for the latest market 135 00:06:44,720 --> 00:06:49,159 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 136 00:06:49,279 --> 00:06:52,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 137 00:06:52,839 --> 00:06:54,360 Speaker 2: the Bloomberg Business app.