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 Master, Tim Stenebeck, Romain Bostick, and Scarlet Food to.
Speaker 3: The S and P.
Speaker 4: Five hundred, and we've got two hundred and sixteen names
Speaker 4: gating ground on this Tuesday, Katie, two hundred and eighty
Speaker 4: six to the downside, one unchanged.
Speaker 5: All right, let's take a look at the circle. Not
Speaker 5: too much in terms of green. You can see the
Speaker 5: information technology, given that it has such a big weight,
Speaker 5: rising about eight tens of percent, but overall only three
Speaker 5: sectors finishing in the green.
Speaker 3: You had eight in the red.
Speaker 5: In terms of what didn't do too well today, you
Speaker 5: had energy, materials, utilities, healthcare leading losses. So not a
Speaker 5: lot of breath behind this rally.
Speaker 1: Sorry to see that reality show called the Circle.
Speaker 5: I haven't actually I keep thinking of a stable coin.
Speaker 1: Yeah, it's not about the S and P five hundred.
Speaker 3: What's it about? So fighting love? What most reality story
Speaker 3: in my career?
Speaker 4: All right, let's get to some of the individual gainers.
Speaker 4: Boeing number one gainer in the S and P five hundred.
Speaker 4: Everybody I know like for something different, up ten percent
Speaker 4: and pretty much closing at its best levels of the session.
Speaker 4: The company planning to or expects to generate cash again
Speaker 4: next year twenty twenty six, with positive free cash flow
Speaker 4: to reach the low single digits next year. Company still
Speaker 4: expects to eventually reach the ten billion dollar cash generation
Speaker 4: target outline, but the previous management team this according to
Speaker 4: the CFO. Keep in mind, here's the back story. The
Speaker 4: free cash flow at Boeing hasn't been positive on an
Speaker 4: annual basis since twenty twenty three, and the company phases
Speaker 4: eight billion in debt payments next year.
Speaker 3: So yeah, that's the balance sheet. Intel.
Speaker 4: Yeah, also an our performance you mentioned the socks earlier, Romain, Intel,
Speaker 4: you're number two gainer in the s and P five hundred,
Speaker 4: number one gainer in the Nasdaq one hundred, a gain
Speaker 4: of eight point six percent here at the close, continuing
Speaker 4: really a rally that we've seen that's pushed this stock
Speaker 4: up more than one hundred percent year to date, up
Speaker 4: to its highest intra day since April of twenty twenty four,
Speaker 4: and the stock is at one hundred and twenty one
Speaker 4: percent in the past four months alone, so it's been
Speaker 4: on a move to the eppsh upside. Intel shares recently
Speaker 4: moving higher on talk rumors and analysts noting a potential
Speaker 4: deal with Apple to outsource production of its entry level
Speaker 4: M series chips. That analyst is TFN International Securities analyst,
Speaker 4: so apparently making a post on X that he expects
Speaker 4: this deal with Apple, but nothing confirmed. So I'm being
Speaker 4: careful about this one, but investors pouring into Intel. Lastly,
Speaker 4: I just want to get to Shopify, up about five
Speaker 4: percent in today's session, top gainer in the Nasdaq one hundred.
Speaker 4: This is after its merchants achieved record sales of fourteen
Speaker 4: point six billion during the Black Friday Cyber Monday weekend,
Speaker 4: representing a twenty seven.
Speaker 3: Percent increase from last year or so. Some good news.
Speaker 3: There were out there shopping. Yeah, that's it.
Speaker 6: Okay, those are the gainers. I got the decliners. The
Speaker 6: worst performing in the S and P five hundred today
Speaker 6: was the company formerly known as Square It's now blockdown
Speaker 6: six point six percent. The company flag weakness and gross
Speaker 6: payment volume for its Square segment in the fourth quarter
Speaker 6: compared to the three months earlier. This during a presentation
Speaker 6: at the UBS Global Technology and AI Conference. On the
Speaker 6: square side, we continue to expect GPV growth in the
Speaker 6: load of double digit range, said blocks Owen Jennings, So
Speaker 6: a slight deceleration relative to Q three, largely driven by
Speaker 6: some weather events in October. Once again, shares of Block
Speaker 6: today down six point six percent. And then American Bigcoin
Speaker 6: this is the bigcoin minor slash hoarder co founded by
Speaker 6: Eric Trump. This fell as much as fifty one percent
Speaker 6: earlier in the session, trading was halted a couple times.
Speaker 6: Shares fell by the end of the day down thirty
Speaker 6: nine percent. This after restricted shares of the company were
Speaker 6: freed up to be traded shares from a private placeman
Speaker 6: that took place before American Bitcoin merged with Griffin Digital
Speaker 6: Mining became available on Tuesday. This, according to the crypto
Speaker 6: minor and a post on the social media platform x
Speaker 6: by Donald or by Eric Trump brother once again shares
Speaker 6: American Bitcoin down thirty nine percent today, And finally, Signet
Speaker 6: Jewelers shares slid by six point eight percent. This is
Speaker 6: the parent company of k Zales, Jared and many more.
Speaker 6: Worst day going back to April. Signet's fourth quarter same
Speaker 6: store sales forecast fell short of the consensus estimate. The
Speaker 6: company expressed a note of caution on the consumer. The
Speaker 6: company Coe said the quote measured fourth quarter outlook on
Speaker 6: external disruption since late October and potential continued softness in
Speaker 6: consumer competence. Interestingly enough, Black Friday not a major sales
Speaker 6: event for most of Signet's brands. They tend to sell
Speaker 6: closer to Christmas because engagements pick up during the holiday
Speaker 6: season and through Valentine's Day. Wedding related jewelry typically makes
Speaker 6: up more than half of signet sales.
Speaker 1: All right, quick check on yields here a mixed day,
Speaker 1: and we talk about this deal of what the Fed
Speaker 1: does next in the market. Despite what some of the
Speaker 1: Fed fund's future suggests with regards to options pricing not
Speaker 1: necessarily reflected in treasuries. You did see short term treasuries
Speaker 1: move lower down about two basis points. Long term treasuries
Speaker 1: slightly higher here on the day. But overall this is
Speaker 1: a bit of stasis, as folks who wait what comes next?
Speaker 3: What's next? All right, folks just want to get to
Speaker 3: some earnings.
Speaker 4: Crossing the Bloomberg terminal, get lab just down about eight
Speaker 4: tens of a percent as it crosses the Bloomberg terminal.
Speaker 4: That stock is off about twenty three percent year to date,
Speaker 4: so building on some of those losses in the aftermarket,
Speaker 4: third quarter adjusted EPs twenty five cents a shore. That's
Speaker 4: a nickel better than what the street was forecasting. Third
Speaker 4: quarter revenue coming in better than forecast two hundred and
Speaker 4: forty four point four million versus an estimate of two
Speaker 4: thirty nine point five.
Speaker 3: But here's the outlook.
Speaker 4: Sees fourth quarter revenue two hundred and fifty one million
Speaker 4: to two hundred and fifty two million. The street estimate
Speaker 4: is kind of right there, two hundred and fifty one
Speaker 4: point nine million. And then the company sees fiscal year
Speaker 4: revenue nine hundred and forty six million to nine hundred
Speaker 4: forty seven million. It had seen nine hundred thirty six
Speaker 4: to nine hundred and forty two million, So I'm not
Speaker 4: quite sure why the street is seeing so much disappointment.
Speaker 4: Stock now down about nine percent here in the aftermarket.
Speaker 1: Let's talk about Lamarvell, of course, the chip technology company.
Speaker 1: Here it looks like the headline actually is not the earnings.
Speaker 1: Here the company is said to be buying Celestial AI
Speaker 1: in the company actually making that announcement officially in a
Speaker 1: statement right now. Doesn't appear that terms of the deal
Speaker 1: are included in this situation, but you're seeing the shares
Speaker 1: move lower by about two percent here in the after
Speaker 1: hours trade.
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,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.