WEBVTT - Closing Bell: Broadcom Rallies, Sable Offshore Higher, Roche Slumps

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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 the stock mover's 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 Masser, Tim stenovek Romain Bostik, and Katie Greyfell.

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<v Speaker 3>All right, let's get to some of the individual gainers.

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<v Speaker 3>This was the number one gainer in the NASDAQ one hundred,

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<v Speaker 3>number three gainer in the.

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<v Speaker 4>S and P five hundred.

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<v Speaker 3>I'm ignoring you booking holdings, a gain of about eight

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<v Speaker 3>and a half percent.

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<v Speaker 4>Mizuho, Mizoho, miszoo ho. I know, I always all.

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<v Speaker 5>Right, ignore him, ignore.

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<v Speaker 3>Him killing me mizu Ho moving the firm's top pic

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<v Speaker 3>and Internet to booking holdings away from Airbnb on the

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<v Speaker 3>expectation of a major relief rally, and this coming after

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<v Speaker 3>the information report that open ay is pulling back from

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<v Speaker 3>native chachipt checkout, pivoting instead to app based purchases. So

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<v Speaker 3>the firm believes that chatchypt's reported pivot away from platform

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<v Speaker 3>shopping checkout, if true, could spell the beginning of the

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<v Speaker 3>end of major disruption fears for Internet marketplace businesses, including

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<v Speaker 3>online travel agents and others. So they're like in this

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<v Speaker 3>one in a big way, so investors moving into that.

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<v Speaker 3>I think you saw investors move into Expedia as well.

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<v Speaker 3>Let's go to Broadcom. It is topping the Nasdaq one hundred,

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<v Speaker 3>up about four point eight percent. We did see the

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<v Speaker 3>stock bouncing around last night after it reported its latest

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<v Speaker 3>quarterly update. It did settle in today higher after the

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<v Speaker 3>company posted first quarter results that beat expectations on key

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<v Speaker 3>metrics gave a.

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<v Speaker 4>Positive revenue outlook.

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<v Speaker 3>The CEO Hawk Tans, saying the company expects its AI

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<v Speaker 3>hip sales to top one hundred billion next year and

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<v Speaker 3>that they've got the supply chain to do it. Super

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<v Speaker 3>important marking major inroads into territory dominated by video.

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<v Speaker 4>We know where they're trying to go after it.

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<v Speaker 3>And then here's for something different. I'm hoping you're going

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<v Speaker 3>to find this entertaining Roomain. We are seeing sable offshore.

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<v Speaker 1>Now, I'm very familiar with this story. Let me see

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<v Speaker 1>where you're going.

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<v Speaker 3>With Oh okay, well see you know everything. The stock

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<v Speaker 3>up about thirty seven percent. It's a one point eight

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<v Speaker 3>billion dollar market cap oil and gas exploration company jumping today,

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<v Speaker 3>extending a recent rally to a fifth straight session that

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<v Speaker 3>has pushed the stock up about sixty percent in the

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<v Speaker 3>past five days. This am ind news earlier this week

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<v Speaker 3>that the Chump administration will seek to invoke and act

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<v Speaker 3>to allow the company's Santa Ynez pipeline unit to restart

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<v Speaker 3>energy production. Keep in mind, twenty seven percent of the

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<v Speaker 3>float is short, so tell me more. Is there more

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<v Speaker 3>that you want to add to it?

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<v Speaker 1>No, I thought you were going to say something funny

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<v Speaker 1>or interesting.

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<v Speaker 4>Yeah, that never happens, you know.

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<v Speaker 3>That's what my brothers always say.

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<v Speaker 4>They're a tough crowd too.

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<v Speaker 5>All right, let's put some of the decliners on the

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<v Speaker 5>day of day.

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<v Speaker 1>Brothers. They sound cool.

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<v Speaker 4>They are a lot of fun.

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<v Speaker 5>I'm looking at what happened to ADRs of Roche today,

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<v Speaker 5>down six point three percent midday. We saw shares take

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<v Speaker 5>a dive this after we got results of Holding and

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<v Speaker 5>Zealand Pharma's experimental obesity shot. It helped patients lose as

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<v Speaker 5>much as ten point seven percent in a study with

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<v Speaker 5>a side effects comparable to that of a placebo. The

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<v Speaker 5>reason why shares fell is because investors compared that to

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<v Speaker 5>a similar drug from Eli Lilly that delivered as much

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<v Speaker 5>as twenty percent weight loss, So that result underwhelming to

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<v Speaker 5>investors stop UP Holdings not having a very good day.

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<v Speaker 5>The ticket reseller shares fell by twelve point four percent today,

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<v Speaker 5>This after the company's twenty twenty six forecast and fourth

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<v Speaker 5>quarter results came in below Wall Street estimates. Analysts pointed

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<v Speaker 5>to challenge is for comps because there's not a Taylor

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<v Speaker 5>Swift tour to boost sales. That is the power.

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<v Speaker 4>It has to take a break.

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<v Speaker 5>Every power of Taylor Swift.

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<v Speaker 4>I guess you get married, makes a family.

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<v Speaker 5>A couple firms also downgraded the stock. Shares fell twelve

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<v Speaker 5>point four percent.

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<v Speaker 1>There no other tours.

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<v Speaker 5>I mean, it's Taylor. It's Taylor. You know, she drives

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<v Speaker 5>it around the world to bad Bunny. He's the big one. Yeah,

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<v Speaker 5>that's a big one.

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<v Speaker 3>Yeah.

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<v Speaker 5>I'm also watching shares of UPS. United Parcel Service. They

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<v Speaker 5>were on track. Did you see this? They were on

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<v Speaker 5>track to actually close at a market value that would

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<v Speaker 5>fall below FedEx for the first time ever, reflecting investors

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<v Speaker 5>lenuering anxiety around UPS's long term growth trrectory. There's a

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<v Speaker 5>little uptick. At the end of the day. FedEx is

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<v Speaker 5>at eighty seven billion dollars in market cap. UPS still

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<v Speaker 5>above it at eighty eight point three five billion dollars,

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<v Speaker 5>so that day Romaine will have to wait.

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<v Speaker 1>All right, let's get just a morning.

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<v Speaker 6>It's Marvel, a technology that's semiconductor maker, out with its

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<v Speaker 6>results here. Eighty cents a share, that is the bottom

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<v Speaker 6>line number, a beat of about a penny. Revenue in

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<v Speaker 6>the most recent quarter two point two to two billion,

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<v Speaker 6>basically on the nose of what the street was looking for.

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<v Speaker 6>Not seeing a revenue forecast jump out at me, but

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<v Speaker 6>a jostah. Gross margins also coming in line with estimates

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<v Speaker 6>at about fifty nine percent. But just see the knee

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<v Speaker 6>jerk reaction there, up about six percent. We'll try to

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<v Speaker 6>dive a little bit deeper to find out exactly why.

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<v Speaker 6>And let's take a quick check of yield as well.

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<v Speaker 6>We're actually up for a fourth straight day on benchmark

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<v Speaker 6>ten year yield, something that of course hasn't actually happened

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<v Speaker 6>since early December of last year. A repricing out here

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<v Speaker 6>of FED expectations. You see that also reflected in your

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<v Speaker 6>two year yield higher by about three basis points.

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<v Speaker 3>Hey quick commentary on Marvel in the press release, companies

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<v Speaker 3>chairman and CEO Matt Murphy, he says we expect year

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<v Speaker 3>over year revenue growth to accelerate each quarter in fiscal

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<v Speaker 3>twenty twenty seven, driven by continued strength in our data

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<v Speaker 3>center business, with bookings continuing to grow at a record pace.

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<v Speaker 3>And maybe investors certainly excited about that. Hey, what I'm

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<v Speaker 3>excited about is that thank you United. So they basically

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<v Speaker 3>have updated their policy. Just listen, listen, this is the

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<v Speaker 3>whole point.

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<v Speaker 5>Listen.

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<v Speaker 3>They're going to require passengers to use headphones for audio

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<v Speaker 3>or video.

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<v Speaker 4>I don't even know why we have to tell people.

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<v Speaker 1>Oh, I know what, I know we've been on lately.

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<v Speaker 3>If you don't do it, they can remove you from

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<v Speaker 3>the fight and possibly do a permanent ban. Read the

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<v Speaker 3>fine print, folks, and if we could just do that

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<v Speaker 3>on subway please.

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<v Speaker 6>Carol's fired up here because who hurts you, Carol?

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<v Speaker 4>No, it's like, be considerate.

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<v Speaker 1>Yeah, huh, I do want to know.

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<v Speaker 6>I mean, how many repeat offenses do you have to

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<v Speaker 6>have to be permanently banned from the airline?

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<v Speaker 5>That is my big question reading this story.

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<v Speaker 6>You're going to remove them though, we're putting this on

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<v Speaker 6>the flight attendants again, I thought that I was starting

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<v Speaker 6>to feel sorry for them.

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<v Speaker 1>Yeah, they're already dealing with all kind of unruly stuff.

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<v Speaker 1>Yeah so, but yeah, but Carol, you seem very I'm

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<v Speaker 1>happy for you.

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<v Speaker 3>I love I love I love people. I love the

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<v Speaker 3>sharing concept, but sometimes I don't really want to them.

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<v Speaker 1>I don't want to share.

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<v Speaker 6>No, I don't want to share audio either. I don't

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<v Speaker 6>want to hear what you're listening to. I know you

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<v Speaker 6>think it's dope, but I don't.

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<v Speaker 2>So the stock Mover's report from Bloomberg Radio. Check back

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