WEBVTT - Closing Bell: Boeing Soars, Shopify Rises, American Bitcoin Corp Falls

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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 Master, Tim Stenebeck, Romain Bostick, and Scarlet Food to.

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<v Speaker 3>The S and P.

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<v Speaker 4>Five hundred, and we've got two hundred and sixteen names

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<v Speaker 4>gating ground on this Tuesday, Katie, two hundred and eighty

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<v Speaker 4>six to the downside, one unchanged.

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<v Speaker 5>All right, let's take a look at the circle. Not

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<v Speaker 5>too much in terms of green. You can see the

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<v Speaker 5>information technology, given that it has such a big weight,

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<v Speaker 5>rising about eight tens of percent, but overall only three

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<v Speaker 5>sectors finishing in the green.

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<v Speaker 3>You had eight in the red.

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<v Speaker 5>In terms of what didn't do too well today, you

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<v Speaker 5>had energy, materials, utilities, healthcare leading losses. So not a

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<v Speaker 5>lot of breath behind this rally.

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<v Speaker 1>Sorry to see that reality show called the Circle.

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<v Speaker 5>I haven't actually I keep thinking of a stable coin.

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<v Speaker 1>Yeah, it's not about the S and P five hundred.

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<v Speaker 3>What's it about? So fighting love? What most reality story

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<v Speaker 3>in my career?

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<v Speaker 4>All right, let's get to some of the individual gainers.

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<v Speaker 4>Boeing number one gainer in the S and P five hundred.

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<v Speaker 4>Everybody I know like for something different, up ten percent

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<v Speaker 4>and pretty much closing at its best levels of the session.

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<v Speaker 4>The company planning to or expects to generate cash again

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<v Speaker 4>next year twenty twenty six, with positive free cash flow

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<v Speaker 4>to reach the low single digits next year. Company still

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<v Speaker 4>expects to eventually reach the ten billion dollar cash generation

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<v Speaker 4>target outline, but the previous management team this according to

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<v Speaker 4>the CFO. Keep in mind, here's the back story. The

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<v Speaker 4>free cash flow at Boeing hasn't been positive on an

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<v Speaker 4>annual basis since twenty twenty three, and the company phases

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<v Speaker 4>eight billion in debt payments next year.

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<v Speaker 3>So yeah, that's the balance sheet. Intel.

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<v Speaker 4>Yeah, also an our performance you mentioned the socks earlier, Romain, Intel,

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<v Speaker 4>you're number two gainer in the s and P five hundred,

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<v Speaker 4>number one gainer in the Nasdaq one hundred, a gain

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<v Speaker 4>of eight point six percent here at the close, continuing

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<v Speaker 4>really a rally that we've seen that's pushed this stock

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<v Speaker 4>up more than one hundred percent year to date, up

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<v Speaker 4>to its highest intra day since April of twenty twenty four,

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<v Speaker 4>and the stock is at one hundred and twenty one

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<v Speaker 4>percent in the past four months alone, so it's been

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<v Speaker 4>on a move to the eppsh upside. Intel shares recently

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<v Speaker 4>moving higher on talk rumors and analysts noting a potential

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<v Speaker 4>deal with Apple to outsource production of its entry level

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<v Speaker 4>M series chips. That analyst is TFN International Securities analyst,

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<v Speaker 4>so apparently making a post on X that he expects

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<v Speaker 4>this deal with Apple, but nothing confirmed. So I'm being

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<v Speaker 4>careful about this one, but investors pouring into Intel. Lastly,

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<v Speaker 4>I just want to get to Shopify, up about five

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<v Speaker 4>percent in today's session, top gainer in the Nasdaq one hundred.

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<v Speaker 4>This is after its merchants achieved record sales of fourteen

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<v Speaker 4>point six billion during the Black Friday Cyber Monday weekend,

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<v Speaker 4>representing a twenty seven.

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<v Speaker 3>Percent increase from last year or so. Some good news.

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<v Speaker 3>There were out there shopping. Yeah, that's it.

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<v Speaker 6>Okay, those are the gainers. I got the decliners. The

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<v Speaker 6>worst performing in the S and P five hundred today

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<v Speaker 6>was the company formerly known as Square It's now blockdown

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<v Speaker 6>six point six percent. The company flag weakness and gross

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<v Speaker 6>payment volume for its Square segment in the fourth quarter

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<v Speaker 6>compared to the three months earlier. This during a presentation

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<v Speaker 6>at the UBS Global Technology and AI Conference. On the

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<v Speaker 6>square side, we continue to expect GPV growth in the

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<v Speaker 6>load of double digit range, said blocks Owen Jennings, So

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<v Speaker 6>a slight deceleration relative to Q three, largely driven by

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<v Speaker 6>some weather events in October. Once again, shares of Block

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<v Speaker 6>today down six point six percent. And then American Bigcoin

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<v Speaker 6>this is the bigcoin minor slash hoarder co founded by

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<v Speaker 6>Eric Trump. This fell as much as fifty one percent

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<v Speaker 6>earlier in the session, trading was halted a couple times.

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<v Speaker 6>Shares fell by the end of the day down thirty

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<v Speaker 6>nine percent. This after restricted shares of the company were

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<v Speaker 6>freed up to be traded shares from a private placeman

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<v Speaker 6>that took place before American Bitcoin merged with Griffin Digital

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<v Speaker 6>Mining became available on Tuesday. This, according to the crypto

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<v Speaker 6>minor and a post on the social media platform x

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<v Speaker 6>by Donald or by Eric Trump brother once again shares

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<v Speaker 6>American Bitcoin down thirty nine percent today, And finally, Signet

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<v Speaker 6>Jewelers shares slid by six point eight percent. This is

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<v Speaker 6>the parent company of k Zales, Jared and many more.

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<v Speaker 6>Worst day going back to April. Signet's fourth quarter same

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<v Speaker 6>store sales forecast fell short of the consensus estimate. The

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<v Speaker 6>company expressed a note of caution on the consumer. The

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<v Speaker 6>company Coe said the quote measured fourth quarter outlook on

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<v Speaker 6>external disruption since late October and potential continued softness in

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<v Speaker 6>consumer competence. Interestingly enough, Black Friday not a major sales

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<v Speaker 6>event for most of Signet's brands. They tend to sell

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<v Speaker 6>closer to Christmas because engagements pick up during the holiday

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<v Speaker 6>season and through Valentine's Day. Wedding related jewelry typically makes

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<v Speaker 6>up more than half of signet sales.

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<v Speaker 1>All right, quick check on yields here a mixed day,

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<v Speaker 1>and we talk about this deal of what the Fed

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<v Speaker 1>does next in the market. Despite what some of the

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<v Speaker 1>Fed fund's future suggests with regards to options pricing not

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<v Speaker 1>necessarily reflected in treasuries. You did see short term treasuries

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<v Speaker 1>move lower down about two basis points. Long term treasuries

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<v Speaker 1>slightly higher here on the day. But overall this is

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<v Speaker 1>a bit of stasis, as folks who wait what comes next?

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<v Speaker 3>What's next? All right, folks just want to get to

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<v Speaker 3>some earnings.

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<v Speaker 4>Crossing the Bloomberg terminal, get lab just down about eight

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<v Speaker 4>tens of a percent as it crosses the Bloomberg terminal.

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<v Speaker 4>That stock is off about twenty three percent year to date,

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<v Speaker 4>so building on some of those losses in the aftermarket,

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<v Speaker 4>third quarter adjusted EPs twenty five cents a shore. That's

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<v Speaker 4>a nickel better than what the street was forecasting. Third

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<v Speaker 4>quarter revenue coming in better than forecast two hundred and

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<v Speaker 4>forty four point four million versus an estimate of two

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<v Speaker 4>thirty nine point five.

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<v Speaker 3>But here's the outlook.

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<v Speaker 4>Sees fourth quarter revenue two hundred and fifty one million

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<v Speaker 4>to two hundred and fifty two million. The street estimate

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<v Speaker 4>is kind of right there, two hundred and fifty one

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<v Speaker 4>point nine million. And then the company sees fiscal year

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<v Speaker 4>revenue nine hundred and forty six million to nine hundred

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<v Speaker 4>forty seven million. It had seen nine hundred thirty six

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<v Speaker 4>to nine hundred and forty two million, So I'm not

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<v Speaker 4>quite sure why the street is seeing so much disappointment.

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<v Speaker 4>Stock now down about nine percent here in the aftermarket.

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<v Speaker 1>Let's talk about Lamarvell, of course, the chip technology company.

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<v Speaker 1>Here it looks like the headline actually is not the earnings.

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<v Speaker 1>Here the company is said to be buying Celestial AI

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<v Speaker 1>in the company actually making that announcement officially in a

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<v Speaker 1>statement right now. Doesn't appear that terms of the deal

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<v Speaker 1>are included in this situation, but you're seeing the shares

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<v Speaker 1>move lower by about two percent here in the after

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<v Speaker 1>hours trade.

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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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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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