WEBVTT - Closing Bell: Energy Companies Rally, Eli Lily Slides, Comcast Spinoff Tumbles

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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 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 Masser, Tim Stenebeck, Romain Bostik and Scarlet Food.

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<v Speaker 3>All right, back to the big caps, I go s

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<v Speaker 3>and P five hundred. As remain mentioned earlier, most names

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<v Speaker 3>in the SNP hired today, three hundred and forty one

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<v Speaker 3>names Katie to the upside, one hundred and sixty one

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<v Speaker 3>losing some ground two unchanged.

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<v Speaker 4>Well, let's go talk to the circle about it. The

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<v Speaker 4>first time checking the circle in twenty twenty six, and boy,

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<v Speaker 4>it's actually really interesting today up top. Well, you don't

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<v Speaker 4>exactly see that big tech. Of course, we have to

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<v Speaker 4>acknowledge that that is one of your biggest losers when

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<v Speaker 4>it comes to a points basis. That's why it's highlighted.

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<v Speaker 4>But overall, what a day that you saw for energy,

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<v Speaker 4>that you saw for financials, consumer discretionary also catching a

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<v Speaker 4>bid seven setters in total, finishing in the green. A

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<v Speaker 4>different story when it comes to the downside. We talked

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<v Speaker 4>about tech, but utility is your biggest losers on a

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<v Speaker 4>percent basis. Consumer staples falling as well.

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<v Speaker 3>This was a risk on day all right, So let's

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<v Speaker 3>get to Katie mentioned certainly the energy out performance as

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<v Speaker 3>a whole. So let's go through some of the names

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<v Speaker 3>that definitely gained in today's session. Of course, the news

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<v Speaker 3>President Trump pledging to revive the Venezuelan energy sector following

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<v Speaker 3>the capture of that country's president Nicholas Maduro over the weekend. Valero,

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<v Speaker 3>we saw that one up about nine percent in today's session.

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<v Speaker 3>Formerly Schlumberger now SLB. That one was up about nine

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<v Speaker 3>percent in today's session. Halliburton up almost eight percent, and

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<v Speaker 3>Chevron up about five percent. Of course, very key in

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<v Speaker 3>terms of its positioning and exposure there in Venezuela. I

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<v Speaker 3>should put out secret financials Chief investment Officer Mark Mellick

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<v Speaker 3>put out a note and he said, the US Golf

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<v Speaker 3>Coast refiners, with years of experience building and optimizing refineries

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<v Speaker 3>to handle that heavy Canadian rude, stand to benefit in

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<v Speaker 3>the event changes in Venezuela restore output of that country's

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<v Speaker 3>heavy sour oil. So that's why you saw names certainly

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<v Speaker 3>like Valero and others, and some of these major integrated

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<v Speaker 3>oil companies who can handle all of that all right.

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<v Speaker 1>Now, you see that interview that Michael Berry gave I

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<v Speaker 1>think it was the CNBC about his bet on Valero

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<v Speaker 1>that I guess he said he entered into back in

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<v Speaker 1>twenty twenty. No, and yeah, check it out. Yeah, basically

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<v Speaker 1>say he I mean, not that he saw this coming

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<v Speaker 1>today today, but the idea that he thought he saw

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<v Speaker 1>some potential all the way back in twenty twenty for

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<v Speaker 1>a big infrastructure shift in Venezuela.

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<v Speaker 3>Oh well, that's interesting, right, but we'll see. Like I'm

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<v Speaker 3>sure you guys have had the conversation the amount of

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<v Speaker 3>money taken that's going to take to kind of rebuild

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<v Speaker 3>Venezuela's energy industry. It's going to take a lot, it's

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<v Speaker 3>going to take some time. It's going to have companies

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<v Speaker 3>that are comfortable that there's going to be political stability

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<v Speaker 3>and maybe a democratic or business friendly environment. Hey courtesy

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<v Speaker 3>of Tim He talked to me about the nuclear fuelmakers

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<v Speaker 3>that were rallying. They got a total of two point

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<v Speaker 3>seven billion dollars from the US to restart production and

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<v Speaker 3>being the US off enriched uranium. So the company is impacted.

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<v Speaker 3>Take her lau Centrist Energy. They're based in Maryland. They

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<v Speaker 3>got money, and they're up ten percent in today's session.

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<v Speaker 3>And then eighty rs of the Canadian based Silex Systems,

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<v Speaker 3>their co owner of Global Laser Enrichment, which also was

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<v Speaker 3>awarded money. That one was up almost eleven percent in

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<v Speaker 3>today's session. And then for something a little different, I'm

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<v Speaker 3>going to go to a biotech altimmune. That one jumping

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<v Speaker 3>nearly thirty percent intra day at its high, finishing the

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<v Speaker 3>day with a gain of just about sixteen percent seventeen percent.

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<v Speaker 3>The drug developer said it's experimental therapy for a fatty

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<v Speaker 3>liver disease pem vititude received a breakthrough therapy designation from

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<v Speaker 3>the FDA. I'm not quite sure if I said that right,

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<v Speaker 3>but you know, sometimes when you don't, you just own it,

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<v Speaker 3>go fast and move on.

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<v Speaker 1>Yeah, it was an interesting selection there. You miss a few, though,

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<v Speaker 1>U so love eighteen percent on the day.

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<v Speaker 3>I thought I had a poor finlay, Like.

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<v Speaker 5>Happy I missed.

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<v Speaker 3>It's so good to have you met.

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<v Speaker 5>Let's get to some of the decliners on the day today.

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<v Speaker 5>Do you want to start with some of the energy

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<v Speaker 5>stocks that did not actually finish higher on the day.

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<v Speaker 5>Diamondback energy ticker FENG down three point five percent on

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<v Speaker 5>the day. Today, As I mentioned, we did see a

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<v Speaker 5>rotation out of some energy stocks, especially US focused shale

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<v Speaker 5>oil producers. If more oil companies come online, we could

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<v Speaker 5>see greater supply and lower prices, which wouldn't be good

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<v Speaker 5>for these domestic shale producers, some of them already slowing

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<v Speaker 5>down growth due to concern for a global gut developing.

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<v Speaker 5>Shout out to our energy team for helping me out

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<v Speaker 5>with that analysis. Over at Bloomberg News, Diamondback Energy, Koterra Energy, Expand,

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<v Speaker 5>APA Corp and more actually fell today once again, Diamondback

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<v Speaker 5>Energy down three and a half percent. And we also

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<v Speaker 5>saw pharmaceuticals take a hit today, bucking the broader markets advance.

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<v Speaker 5>The S and P five hundred pharmaceutical index fell the

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<v Speaker 5>most going back to September. Eli Lilly among the decliners,

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<v Speaker 5>down three point six percent. Of the seven stocks in

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<v Speaker 5>their five did fall today and finally Versin shares starting

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<v Speaker 5>trading today. This is the spinoff from Comcast of some

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<v Speaker 5>of the cable networks, including CNBC and MS now well

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<v Speaker 5>as much as fifteen point eight percent in the first

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<v Speaker 5>day of trading. It ended up finishing daid down by

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<v Speaker 5>thirteen percent. The company is a market cap right now

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<v Speaker 5>about five point eight billion dollars. Lease from PayTV distributors

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<v Speaker 5>and advertising, we're expected to have follow The company predicted

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<v Speaker 5>earnings before interest, taxes, and depreciation and amortization would drop

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<v Speaker 5>to two point one to five billion on sales of

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<v Speaker 5>six point sixty billion for twenty twenty five.

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<v Speaker 1>All right, let's take a quick check on the yield

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<v Speaker 1>space right now. A little bit less activity there compared

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<v Speaker 1>to what we saw inequity markets, but we did see

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<v Speaker 1>a drop across the curve today about two basis points

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<v Speaker 1>lower on the short end of the curve. Longer end

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<v Speaker 1>of the curve a little bit more dramatic with a

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<v Speaker 1>drop of about three to four basis points there, Keryl.

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<v Speaker 3>All right, so let's get to some stories on our radar. Hey,

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<v Speaker 3>if you're thinking about maybe, you know, sprucing up your home,

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<v Speaker 3>maybe get a TV that I she looks like artwork.

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<v Speaker 3>It seems to be the trend all of a sudden

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<v Speaker 3>in Amazon getting in on the game. It's called the

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<v Speaker 3>Amazon Ember art line.

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<v Speaker 5>Tim So it looks familiar, it's because it kind of

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<v Speaker 5>looks like Samsung's Frame TV, but it comes at like

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<v Speaker 5>a fraction of the price. Remember years ago, CS was

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<v Speaker 5>all about new TVs, like that's what it would be

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<v Speaker 5>every year. Hasn't been like that in a long time.

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<v Speaker 5>But the Still's TV is getting some love. This one

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<v Speaker 5>comes with interchangeable bezels, four K resolution, support for high

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<v Speaker 5>dynamic range formats, two thousand pieces of free art. But

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<v Speaker 5>here's the thing, the good art. It's the fire TV

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<v Speaker 5>software interface and the fire TV mobile app will let

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<v Speaker 5>users browse content and manage their watch list.

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<v Speaker 1>For TVs television. What's that nothing to them?

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<v Speaker 5>I'm just well, I'm saying for TVs nowadays, it's all

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<v Speaker 5>about the operating system, you know. Yeah, it's and you know,

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<v Speaker 5>you can put a Roku on anything. Essentially, I have

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<v Speaker 5>to tell you that if I want an Alexa enabled TV.

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<v Speaker 1>Yeah, you know, I was, you know, I was on

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<v Speaker 1>vacation and the house that we had rented down you

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<v Speaker 1>were gone, they had one of these TVs. It wasn't

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<v Speaker 1>it wasn't Amazon if.

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<v Speaker 5>It was a Samsung one.

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<v Speaker 3>But it was great.

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<v Speaker 1>I mean, I mean you honestly, we didn't realize as

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<v Speaker 1>the TV. It just looked like a piece of art

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<v Speaker 1>on the wall. And then we kind of realized, oh,

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<v Speaker 1>this is what we watch here, so I can see it.

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<v Speaker 1>I like it.

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<v Speaker 3>I think what's interesting too, Amazon Amazon copying other companies

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<v Speaker 3>right with their products, and they've gotten really I.

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<v Speaker 1>Mean, you know the first time.

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<v Speaker 3>Yeah, we did miss you by the way.

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<v Speaker 1>By the way, yes, yes, there, I was going to

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<v Speaker 1>go away by the way, Carol decided to start.

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<v Speaker 3>The we did miss you. So it's good to have thee.

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<v Speaker 1>We missed you too, at least I did. I don't

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<v Speaker 1>know about Kathy.

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<v Speaker 4>I absolutely did, but I could watch them. You know,

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<v Speaker 4>you guys were on all last week.

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<v Speaker 3>So to see how she said that you guys were

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<v Speaker 3>on all last week.

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<v Speaker 5>Was watching watching us on vacation. You know, thanks for.

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<v Speaker 4>Doing to keep a TV on. Support support the cause.

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<v Speaker 1>All right.

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<v Speaker 3>Anyway, Happy New Year, guys. It is good to be

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<v Speaker 3>back with you, and that is a.

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<v Speaker 2>Rappit the Stockmovers 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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