1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on the stock mover's report 3 00:00:13,600 --> 00:00:16,560 Speaker 2: the companies making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,319 Speaker 2: with Carol Master, Tim Stenovak, Romain Bostick, and Scarlet Food. 5 00:00:22,640 --> 00:00:25,720 Speaker 3: Just checking a look at the S and P five hundred, folks, 6 00:00:25,760 --> 00:00:27,440 Speaker 3: it was kind of an even splitting in. Earlier in 7 00:00:27,440 --> 00:00:29,639 Speaker 3: the session, we had more names to the upside, but 8 00:00:29,760 --> 00:00:32,080 Speaker 3: here at the close, three hundred and twenty names in 9 00:00:32,159 --> 00:00:34,560 Speaker 3: the S and P five hundred losing ground, one hundred 10 00:00:34,560 --> 00:00:36,720 Speaker 3: and eighty two to the upside, Scarlet and one unchanged. 11 00:00:36,720 --> 00:00:38,319 Speaker 4: All right, Let's take a look at the IMAP which 12 00:00:38,320 --> 00:00:40,760 Speaker 4: shows the eleven sectors of the SMP five hundred. Only 13 00:00:40,840 --> 00:00:44,240 Speaker 4: two groups moved more than one percent on the upside, 14 00:00:44,280 --> 00:00:47,760 Speaker 4: of communications services, led by Verizon gaining one point nine percent. 15 00:00:47,880 --> 00:00:51,519 Speaker 4: On the downside, energy stocks closing about one percent on 16 00:00:51,640 --> 00:00:55,360 Speaker 4: the day as oil prices decline, Consumer discretionary and materials 17 00:00:55,400 --> 00:00:57,640 Speaker 4: also finishing the day with modest gains. 18 00:00:57,640 --> 00:00:59,600 Speaker 3: All right, so a fair amount of green there. So 19 00:00:59,680 --> 00:01:01,960 Speaker 3: let's get to some of the individual gainers. No surprise, 20 00:01:02,000 --> 00:01:04,280 Speaker 3: I'm going to start with Verizon ticker VZ. It is 21 00:01:04,319 --> 00:01:07,080 Speaker 3: the number one gainer in the S and P five hundred, 22 00:01:07,200 --> 00:01:09,200 Speaker 3: up as much as five and a half percent intra day, 23 00:01:09,240 --> 00:01:12,040 Speaker 3: finishing with a gain of about four percent. This is 24 00:01:12,080 --> 00:01:15,120 Speaker 3: after the company reported second quarter results that beat expectations. 25 00:01:15,120 --> 00:01:18,600 Speaker 3: They raise their profit outlook, booed by wireless price increases 26 00:01:18,640 --> 00:01:22,399 Speaker 3: in recent tax legislation. Lots of talk about Spectrum as well, 27 00:01:22,440 --> 00:01:25,160 Speaker 3: and this is despite seeing a net loss of about 28 00:01:25,200 --> 00:01:28,680 Speaker 3: fifty one thousand monthly consumer wireless subscribers. Our team here 29 00:01:28,720 --> 00:01:31,119 Speaker 3: at Bloomberg doing an interview with the CEO, so check 30 00:01:31,120 --> 00:01:34,400 Speaker 3: it out at bloomberg dot com. But nonetheless definitely an outperformer. 31 00:01:34,800 --> 00:01:38,319 Speaker 3: Got to talk about block ticker XYZ. This one up 32 00:01:38,360 --> 00:01:40,679 Speaker 3: as much as nine percent intra day, hitting the highest 33 00:01:40,680 --> 00:01:45,760 Speaker 3: intra day since mid February. Jack Dorsey's fintech firms set 34 00:01:45,800 --> 00:01:48,080 Speaker 3: to join the S and P five hundred stock, finishing 35 00:01:48,320 --> 00:01:50,880 Speaker 3: with a gain of more than seven percent. Those changes 36 00:01:51,360 --> 00:01:53,920 Speaker 3: going into the S and P will happen prior to 37 00:01:53,960 --> 00:01:56,440 Speaker 3: the start of trading on July twenty third, so in 38 00:01:56,560 --> 00:01:59,680 Speaker 3: just a couple of days. Here. Evercore Issi they came 39 00:01:59,720 --> 00:02:02,960 Speaker 3: out saying they expect increase interest in the name. No surprise, right, 40 00:02:03,040 --> 00:02:05,320 Speaker 3: those who do index funds will have to tap into 41 00:02:05,360 --> 00:02:08,160 Speaker 3: this name. But they also say it will translate into incremental, 42 00:02:08,320 --> 00:02:13,880 Speaker 3: passive and active asset managements tracking it. So you're seeing 43 00:02:14,000 --> 00:02:15,760 Speaker 3: going to be seeing a lot more interest in it 44 00:02:15,960 --> 00:02:18,239 Speaker 3: and just one more open door. I know, you guys, 45 00:02:18,320 --> 00:02:21,480 Speaker 3: I'm assuming talked about it last week up as much 46 00:02:21,480 --> 00:02:23,680 Speaker 3: as one hundred and twenty percent today, finishing the day 47 00:02:23,680 --> 00:02:26,000 Speaker 3: with a gain of about forty two percent. That was 48 00:02:26,360 --> 00:02:29,519 Speaker 3: after quite a surge last week. The hedge hedge fund 49 00:02:29,560 --> 00:02:31,960 Speaker 3: manager you guys, I'm sure talked about it their social 50 00:02:32,040 --> 00:02:35,040 Speaker 3: media endorsement, making it the latest stock to experience what 51 00:02:35,040 --> 00:02:38,320 Speaker 3: you could call as a speculative retail driven rally. 52 00:02:38,480 --> 00:02:39,040 Speaker 5: So we're back. 53 00:02:39,080 --> 00:02:41,320 Speaker 3: I guess more than twenty percent though of the float 54 00:02:41,440 --> 00:02:41,960 Speaker 3: is shorted. 55 00:02:42,000 --> 00:02:44,520 Speaker 5: So yeah, it's a little crazy. Okay, that's on the 56 00:02:44,520 --> 00:02:45,440 Speaker 5: creat outside stock. 57 00:02:46,000 --> 00:02:48,040 Speaker 6: You should it's down still like ninety five percent from 58 00:02:48,080 --> 00:02:49,760 Speaker 6: those highs back in twenty twenty one or something. 59 00:02:49,840 --> 00:02:52,160 Speaker 3: Now, yeah, I know, so perspective perspective on. 60 00:02:52,080 --> 00:02:54,519 Speaker 5: That, yeah, I mean, triple digit gains are always something. Hey. 61 00:02:54,560 --> 00:02:56,840 Speaker 6: On the decliner's side, the worst performer in the S 62 00:02:56,840 --> 00:03:01,520 Speaker 6: and P five hundred EQT Corporation energy firm, gas producers, 63 00:03:01,520 --> 00:03:05,480 Speaker 6: and energy related shares tracked US natural gas features lower. Today, 64 00:03:05,800 --> 00:03:07,600 Speaker 6: we did see that futures were down by the most 65 00:03:07,639 --> 00:03:11,000 Speaker 6: in more than three weeks. Weather forecasts, interestingly enough for 66 00:03:11,160 --> 00:03:14,919 Speaker 6: late July shifted a bit cooler. Production continued running high, 67 00:03:15,240 --> 00:03:18,480 Speaker 6: so we did see these stocks under pressure today. EQT 68 00:03:18,639 --> 00:03:21,000 Speaker 6: Corp again the worst performer on a percentage basis in 69 00:03:21,000 --> 00:03:22,880 Speaker 6: the S and P five hundred down nine point five 70 00:03:22,960 --> 00:03:27,480 Speaker 6: percent today. How about a little Domino's. The company reported 71 00:03:27,520 --> 00:03:30,760 Speaker 6: results before the bell today and shares were initially higher. 72 00:03:31,000 --> 00:03:33,280 Speaker 6: They were up as much as six point five percent 73 00:03:33,400 --> 00:03:35,760 Speaker 6: earlier in the session, but it did reverse gains. The 74 00:03:35,800 --> 00:03:39,360 Speaker 6: company reported comp sales growth in the second quarter. The 75 00:03:39,400 --> 00:03:43,040 Speaker 6: topped Wall Street estimates. It turns out the parmesan stuffed 76 00:03:43,520 --> 00:03:47,400 Speaker 6: crust pizza attracted new customers. It boosted same store sales, 77 00:03:47,640 --> 00:03:49,160 Speaker 6: according to company executives on the call. 78 00:03:49,160 --> 00:03:49,640 Speaker 5: Have you had this? 79 00:03:50,160 --> 00:03:52,160 Speaker 1: I'm sorry? Is the parmesan on top of the crust? 80 00:03:52,560 --> 00:03:53,560 Speaker 1: It's inside the crust? 81 00:03:53,760 --> 00:03:55,520 Speaker 6: I thought when I heard about this, I actually I 82 00:03:55,520 --> 00:03:58,280 Speaker 6: thought that Pizza Hut was the first company, like three 83 00:03:58,320 --> 00:03:59,080 Speaker 6: decades ago. 84 00:03:58,920 --> 00:04:00,279 Speaker 5: To do stuff crust pizza. 85 00:04:00,280 --> 00:04:02,520 Speaker 6: Pizza Hut is og Okay, right, didn't they have those 86 00:04:02,560 --> 00:04:04,120 Speaker 6: ads when we were kids that you like, eat the 87 00:04:04,120 --> 00:04:04,920 Speaker 6: pizza backwards? 88 00:04:05,480 --> 00:04:08,160 Speaker 4: Yeah, okay, I'm sorry, I'm I'm in yourk snob. I 89 00:04:08,160 --> 00:04:09,720 Speaker 4: don't eat pizza Hut or Dominoes. 90 00:04:09,760 --> 00:04:15,880 Speaker 5: I here here, gosh, listening to Yeah, I agree. 91 00:04:15,880 --> 00:04:17,000 Speaker 6: But there are a lot of people who don't live 92 00:04:17,000 --> 00:04:19,440 Speaker 6: in New York, Guys who got a lot of the street. 93 00:04:21,680 --> 00:04:24,640 Speaker 5: That's great. Step over there and sure, that's fine. 94 00:04:24,760 --> 00:04:27,040 Speaker 4: I'm climbing down every day twice on Sunday. 95 00:04:27,160 --> 00:04:29,880 Speaker 6: All right, that's Scarlett Foo Ladies and gentlemen. Dominoes down 96 00:04:29,920 --> 00:04:33,280 Speaker 6: eight tens of one percent, reversing those earlier gains. Shared 97 00:04:33,320 --> 00:04:36,320 Speaker 6: the Little Lemons falling today by two point nine percent. 98 00:04:36,520 --> 00:04:39,640 Speaker 6: Watching shares they've been under pressure this year, down forty 99 00:04:39,680 --> 00:04:41,919 Speaker 6: two percent so far this year. Kim Bessine, who covers 100 00:04:41,920 --> 00:04:43,960 Speaker 6: the Space, had a great article out last week that 101 00:04:43,960 --> 00:04:46,200 Speaker 6: everybody should check out. It's about this analyst at Jeffreys 102 00:04:46,480 --> 00:04:50,800 Speaker 6: who's logging the core black leggings. They're vital products that 103 00:04:50,839 --> 00:04:54,280 Speaker 6: are rarely discounted. He says, they're piling up at outlet stores. 104 00:04:54,760 --> 00:04:57,600 Speaker 6: It's an alarming issue for Lululemon. It shows that erosion 105 00:04:57,640 --> 00:04:59,640 Speaker 6: and core demand for the brand's clothes, facing a lot 106 00:04:59,680 --> 00:05:02,760 Speaker 6: of copp tition from these smaller upstarts that I guess 107 00:05:02,760 --> 00:05:03,560 Speaker 6: everybody's wearing them. 108 00:05:03,600 --> 00:05:04,400 Speaker 5: That's a big change for that. 109 00:05:04,520 --> 00:05:06,760 Speaker 4: The basic black leggings are on sale and there's too 110 00:05:06,800 --> 00:05:07,280 Speaker 4: many of them. 111 00:05:07,640 --> 00:05:10,080 Speaker 5: That's why Kim Bessine is reporting via Jeff it's just 112 00:05:10,080 --> 00:05:10,880 Speaker 5: so much competition. 113 00:05:11,000 --> 00:05:13,000 Speaker 1: Yeah, right, I mean remember years ago, I mean, Lulu 114 00:05:13,040 --> 00:05:15,680 Speaker 1: Lemmon was untouchable primarily because if you wanted that esthetic 115 00:05:15,760 --> 00:05:17,960 Speaker 1: and that quality, that was pretty much the only place 116 00:05:18,000 --> 00:05:19,960 Speaker 1: to get it. And now you know everybody, it's everyone's 117 00:05:19,960 --> 00:05:20,680 Speaker 1: in the game right now. 118 00:05:20,720 --> 00:05:22,520 Speaker 5: They're not all the same though. Got to tell you, 119 00:05:23,120 --> 00:05:24,960 Speaker 5: let's take a quick look at yields here. 120 00:05:25,279 --> 00:05:27,360 Speaker 1: We did, see, of course, big movements in the yield 121 00:05:27,400 --> 00:05:30,080 Speaker 1: space on the day, mostly to the downside. Nevertheless, the 122 00:05:30,080 --> 00:05:32,480 Speaker 1: steepening of that curve continues, and there's been a lot 123 00:05:32,480 --> 00:05:34,200 Speaker 1: of talk about the moves that we saw today, the 124 00:05:34,279 --> 00:05:36,440 Speaker 1: idea of whether that might actually be a little bit 125 00:05:36,480 --> 00:05:38,920 Speaker 1: of a haved bid, the idea that people are bidding 126 00:05:38,960 --> 00:05:43,320 Speaker 1: back into treasuries, particularly with that April first deadline coming 127 00:05:43,400 --> 00:05:45,120 Speaker 1: up next week for tariffs, and of course that's the 128 00:05:45,160 --> 00:05:48,040 Speaker 1: same week as a FED meeting, So the idea between 129 00:05:48,040 --> 00:05:50,960 Speaker 1: that the FED meeting and of course earnings, whether there 130 00:05:51,080 --> 00:05:55,240 Speaker 1: is a need to maybe protect yourself for potential downside risk. 131 00:05:56,240 --> 00:06:00,920 Speaker 2: This Stock Movers Report from Bloomberg Radio checks throughout the 132 00:06:01,000 --> 00:06:03,800 Speaker 2: day for the latest roundup of companies making news on 133 00:06:03,880 --> 00:06:07,520 Speaker 2: Wall Street and for the latest market moving headlines. Listen 134 00:06:07,560 --> 00:06:11,840 Speaker 2: to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, 135 00:06:11,880 --> 00:06:15,720 Speaker 2: and on Applecarplay and Android Auto with the Bloomberg Business app.