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, back to the S and P five hundred WEEKO.
Speaker 3: Most names actually lower in the index, Kati about two
Speaker 3: hundred and eighty eight losing ground on this Monday. You
Speaker 3: had two hundred and fifteen higher in the Monday session
Speaker 3: and none unchanged.
Speaker 4: Yeah, and an interesting split.
Speaker 5: When you take a look at the sector level as
Speaker 5: measured by the circle, you can see a sort of
Speaker 5: a patchwork there of green and red energy. On a
Speaker 5: percentage basis, was your biggest gainer hire by about two
Speaker 5: point six percent, Materials industrials Tech also rising by one
Speaker 5: percent or more.
Speaker 4: In terms of what didn't work on.
Speaker 5: This Monday, communication services down by about two point three percent.
Speaker 5: You also had consumer stafles that set off.
Speaker 4: By about eight tens of percent. Carol, all right, so
Speaker 4: let me go to some of the gainers.
Speaker 3: Man, you really had some mega outperformance once again in
Speaker 3: those semiconductor names. In fact, you had the socks, you
Speaker 3: had Intel you had Micron, you had Qualcomm all at
Speaker 3: record closes today.
Speaker 4: Just let's go through some of the numbers.
Speaker 3: Eight and a half percent higher roughly on Qualcomm, six
Speaker 3: and a half percent higher. When it comes to Micron,
Speaker 3: you had Intel also higher, up about three point six percent,
Speaker 3: and if you look at the Philadelphia Semiconductor Index, up
Speaker 3: about two point six percent. So you saw this group
Speaker 3: again extending the gains that we've seen already this year.
Speaker 3: That's after we saw record highs and a lot of
Speaker 3: the names on Friday, the latest latest surge boosted by
Speaker 3: continued investor enthusiasm over AI and fruction infrastructure buildouts. Benzinga
Speaker 3: talking about Qualcomm saying or citing the CEO there saying
Speaker 3: the smartphone era may be nearing its end as major
Speaker 3: AI companies quietly work a next generation wearable devices powered
Speaker 3: by advanced AI agents.
Speaker 4: So you have that going on. As for Intel, you.
Speaker 3: Had Baron's reporting that the stock is up unreported second
Speaker 3: huge chip customer, and that Intel's and talks with South
Speaker 3: Korean chip maker sk Heinez about providing chip packaging technology
Speaker 3: to integrate high bandwidth memory and logic chips. That's according
Speaker 3: to that report from a report from zd net Korea.
Speaker 3: And then remember it was just last week that Apple
Speaker 3: and Intel seemed to be reaching an agreement, an early
Speaker 3: chip making agreement that came out from the Wall Street Journal,
Speaker 3: but our own team earlier last week had given a
Speaker 3: heads up on that happening. Just so much going on
Speaker 3: when it comes to the semiconductor and just real quickly,
Speaker 3: something a little bit different. Tigger mndy Monday, dot Com
Speaker 3: Limited rallying nearly twenty three percent intra day, shares rising
Speaker 3: after the more than three point eight billion dollar market
Speaker 3: caps software company raised its full or forecast for both
Speaker 3: revenue and adjusted operating profits. Stock, though down about fifty
Speaker 3: percent year to date, nearly fifteen percent of the float
Speaker 3: is short. Stock is down within eighty percent November of
Speaker 3: twenty twenty one. So the long story not so great.
Speaker 3: You can just see that shart right there, But nonetheless
Speaker 3: investors finding some interest in it on this Monday.
Speaker 6: All right, Well, on this Monday, I'm finding some interest
Speaker 6: in some stocks that moved the lower. I want to
Speaker 6: start with one of the worst performing stocks in the
Speaker 6: S and P five hundred and eight percentage basis today
Speaker 6: that would go to the trade desk down six point
Speaker 6: eight percent. So it's an ad tech company and it
Speaker 6: has just been getting absolutely beat up. It's right now
Speaker 6: trading at what about twenty one dollars a share. You
Speaker 6: go back to just an end of twenty twenty four,
Speaker 6: this was a one hundred and forty dollars stock. So
Speaker 6: it's down just about eighty five percent since then fell
Speaker 6: again today, this after the analyst over at HSBC cut
Speaker 6: his recommendation from to reduced from hold. This after earnings
Speaker 6: last week that disappointed a lot of investors that was
Speaker 6: back on May seventh. Also want to look at Tyson
Speaker 6: Foods on a day when we're expecting some moves out
Speaker 6: of Washington. The company fell by one point nine percent.
Speaker 6: The Wall Street Journal report at the White House will
Speaker 6: temporary cut beef import tariffs. The President said at a
Speaker 6: Monday news conference that he's working on getting beef prices down.
Speaker 6: Smithfield Foods also fell today. Also, finally, Sally Beauty Holdings.
Speaker 6: We just spoke to Denise Palanis, the CEO of the company.
Speaker 6: They reported earnings earlier today. Shares fell today actually had
Speaker 6: its worst day intra day going back to twenty twenty three.
Speaker 6: Sally beauty ended up falling on the day. In addition
Speaker 6: to just an outlook that didn't make that. You know, really,
Speaker 6: investors were a little worried about. They had a good
Speaker 6: they had a good earlier quarter, but investors are worried
Speaker 6: about what the company said when it came to the outlook.
Speaker 6: The company also said they're watching lower income consumers and
Speaker 6: there's more frugality when it comes to those consumers.
Speaker 1: All right, let's go to quick to check here on yields.
Speaker 1: The sea saw we've been seeing in recent sessions where
Speaker 1: you're up one day, down the next. We're up here
Speaker 1: on the day pretty significantly here up about five basis points,
Speaker 1: but at four point four on your benchmark ten year yield.
Speaker 1: You see the somewhat stasis that we've been in here
Speaker 1: a relative to the last couple of weeks. Here. That's
Speaker 1: going to be sort of a big challenge going forward,
Speaker 1: not so much for what bond investors are looking for,
Speaker 1: but equity investors, of course, trying to price out the
Speaker 1: next direction and how that might actually feed into their
Speaker 1: projections for stocks going forward.
Speaker 5: Meanwhile, we do have some earnings crossing the wire Hymns
Speaker 5: and hers reporting and the big headline here is that
Speaker 5: they're cutting their full year adjusted EBITDA forecast when it
Speaker 5: comes to what they see, and they now see full
Speaker 5: year adjusted EBITDA between two hundred and seventy five million
Speaker 5: dollars to three hundred and fifty million dollars. The previous
Speaker 5: range that the company had given was between three hundred
Speaker 5: to three hundred and seventy five million dollars. You can
Speaker 5: see the chairs are popping rate now though, hire by
Speaker 5: about eight percent or so. I will also point out
Speaker 5: when it comes to the first quarter adjust it or
Speaker 5: when it comes to first quarter EPs that missed estimates
Speaker 5: as well. They also downgraded where they see second quarter
Speaker 5: adjusted EBITDA there. So we're gonna read through this and
Speaker 5: get you more details, but you can see the shares
Speaker 5: higher after hours. We know that it's been a really
Speaker 5: rocky year for Hymns and hers health, especially when you
Speaker 5: think about it the back and forth and now partnership
Speaker 5: with Novo Nordisk.
Speaker 1: Absolutely, and I want to take a look at another
Speaker 1: stock here. Do you remember the New York Times shares?
Speaker 1: He go back to like late nineties, early two thousands,
Speaker 1: and it was this idea that shares are just on
Speaker 1: this steady decline and then something changed big time over
Speaker 1: the last few years, and a lot of that had
Speaker 1: to do with its big push into games, yes, crossword puzzles,
Speaker 1: and of course wordle, which of course became a sensation
Speaker 1: there you know, on the paper, on your app or
Speaker 1: whatever you're gonna call. It's now gonna be an actual
Speaker 1: game show on TV.
Speaker 4: I love it. Can you believe this?
Speaker 3: I love this too. I gotta tell you. I play
Speaker 3: it like every day. My husband sends me it in
Speaker 3: the morning. He plays it as soon. I don't know
Speaker 3: what your word is. I've actually been playing it on
Speaker 3: the train and somebody like looks over my shoulder and
Speaker 3: it's like, you've got to get a better first word.
Speaker 3: I'm like, I like my first word.
Speaker 4: What's your first one? You and you ad I EU.
Speaker 5: Oh, that's a lot of others.
Speaker 4: Doesn't count. It's like, no, you'd be amazed at what
Speaker 4: kind of counts.
Speaker 1: I've never quite figured out how to play this game.
Speaker 1: Remember this was like started by just some like random dude.
Speaker 6: And then yeah, he sold it time, sold it to
Speaker 6: the New York Times.
Speaker 4: After a few months, he did it for his girlfriend.
Speaker 6: He sold it to the New York Times after a
Speaker 6: few months after it sort of went viral for the
Speaker 6: low seven digit figure.
Speaker 1: Love this seven digits.
Speaker 6: So yeah, it reminds me of, you know, kind of
Speaker 6: when when Instagram was sold to Facebook for a billion dollars,
Speaker 6: it seemed like a lot of money. And they've turned
Speaker 6: Facebook has turned that business into such a huge business.
Speaker 6: The New York Times has turned wordle into a huge business.
Speaker 1: And not in just games over anyone who has The
Speaker 1: New York Times that you know, it's like it's just
Speaker 1: like they're they're proliferating. It's like, you know, the little
Speaker 1: gremlin things, you know, you feed it after midnight and
Speaker 1: all of a sudden you wake up and there's like
Speaker 1: twenty new games and Carol's gaming right now.
Speaker 4: I go through like wordle. I do connections. I do
Speaker 4: many like like.
Speaker 1: Connections right, Like the Mini they have they have the
Speaker 1: real crossword puzzle, you know for smart people.
Speaker 6: They have the Mini.
Speaker 1: Now they have what do they call it, the MIDI
Speaker 1: the middle one?
Speaker 4: Now, yes, they have the Mini. It's out of control.
Speaker 4: Exactly when does the stop? I don't love I don't
Speaker 4: love pips though I hate pips.
Speaker 5: I have to say invented It's not just the New
Speaker 5: York Times you think about. LinkedIn also introducing puzzle games
Speaker 5: on their website and their app ap. Bloomberg has the
Speaker 5: Pointed Quiz online, which is very interesting.
Speaker 4: Yeah, Alpha Dots as well. So am I getting this right?
Speaker 3: That the guys from having the games, Katie and you
Speaker 3: and I are.
Speaker 5: I feel like Romaine has games that he plays, but
Speaker 5: perhaps they're different than the games that we play.
Speaker 4: So I got that one right, Tim.
Speaker 5: I don't know what hoing on, but you know, all right.
Speaker 3: Apparently we have to go what a shame funny games
Speaker 3: over now?
Speaker 4: Okay?
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