Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romaine Bostik, and Katie Greifeld.
Speaker 3: Back to the large caps, I go s and p
Speaker 3: five hundred guys, almost an even split. Katie got two
Speaker 3: hundred and fifty nine names gaining ground on this Tuesday,
Speaker 3: two hundred and forty three to the downside, one unchanged.
Speaker 4: Well, let's take a look at the sector breakdown as well,
Speaker 4: and interesting makeup there. You can see that when it
Speaker 4: comes to losers, tech is your big red slice there,
Speaker 4: down about one percent as a sector. Consumer discretionary as well.
Speaker 4: Industrials Materials also fall, falling. When it comes to what
Speaker 4: was really trying to push this market into the green
Speaker 4: coming into the closed, healthcare hire by one point nine percent.
Speaker 5: As a sector.
Speaker 4: You also saw consumer staples and financial rallying as well.
Speaker 5: Thank you healthcare. Right, yeah, this comes to our aid.
Speaker 3: Let's go to some of the individual gainers in today's session.
Speaker 3: I felt like, for the most part, there were names
Speaker 3: that I'm never talking about, but let's just go there
Speaker 3: Zebra Technologies number one gainer in the S and P
Speaker 3: five hundred up about eleven and a half percent. You know,
Speaker 3: barcode scanners, printers, interactive Kiosks eleven point eight.
Speaker 5: Billion dollar market cap.
Speaker 3: If you're not familiar, it's a consumer electronics company, as
Speaker 3: I mentioned, reported first quarter results that beat expectations, and
Speaker 3: it raises full year forecast for both adjusted earnings and
Speaker 3: free cash flow. Just to quick check on what the
Speaker 3: stock's doing year to date, it's just down fractionally, so
Speaker 3: not a big mover at least for the year overall.
Speaker 3: Here's another one, hopefully I'm saying it correctly. Ambic Micro
Speaker 3: take our AAAMBQ. This one up forty five percent, pretty
Speaker 3: much finishing at its highs of the session, closing out
Speaker 3: a record. It's an ultra low power semiconductor solutions provider.
Speaker 3: It reported better than expected results for the first quarter.
Speaker 3: It provided second quarter guidance that also topped expectations, so
Speaker 3: investors are pretty keen on this. It's about a one
Speaker 3: point four billion dollar market cap company. It is up, folks,
Speaker 3: one hundred and thirty percent year to date. And then
Speaker 3: here are two names that you are many people are
Speaker 3: familiar with, and we're talking about Philip Morris and Altria,
Speaker 3: these names both gaining in today's session too, and two
Speaker 3: point six percent higher for Philip Morris about one point
Speaker 3: nine percent for Altria.
Speaker 5: Shares are up for second days.
Speaker 3: And let's weigh in on a Friday afternoon update from
Speaker 3: the FDA in which the agency provided enforcement policies with
Speaker 3: regard to the marketing of certain electronic nicotine delivery system
Speaker 3: products and nicotine pouch products that do not have pre
Speaker 3: market authorization.
Speaker 5: So some enthusiasm for that one over to you.
Speaker 6: Okay, Well, let's talk to some talk about some stocks
Speaker 6: in the red. I want to talk about the socks
Speaker 6: fell today by three percent, was down more than six
Speaker 6: percent earlier in the session. So many companies in the
Speaker 6: socks were lower, and so many chip companies were lower,
Speaker 6: and just in the AI space and AI adjacent space
Speaker 6: that I just had to go with the entire index here.
Speaker 6: Power equipment companies fell, memory chip companies felt. Semiconductor companies fell.
Speaker 6: Little cooling of the AI rally that we've seen, many
Speaker 6: chip stocks have been scaling the new all time highs
Speaker 6: in recent days. The sector has been boosted by investor
Speaker 6: enthusiasm over AI and infrastructure buildouts. Big names that fell
Speaker 6: today Qualcomm down, Micron down, Intel down, AMD fell as well.
Speaker 5: In addition to many others.
Speaker 6: I want to go over to Brown Foreman, the parent
Speaker 6: company of Jack Daniels. The Wall Street Journal reporting just
Speaker 6: in the last half hour of trading that Brown Foreman
Speaker 6: has rejected a fifteen billion dollar takeover offer from Sazarak Sazaraq,
Speaker 6: the company behind Sazarak, And also buzzballs.
Speaker 5: What are you talking.
Speaker 6: About, Roman, I know you're a fan of buzzballs.
Speaker 1: I used to be a fan of Sazarak before they
Speaker 1: changed everything.
Speaker 5: Oh, Katie, you know I know what buzzballs are. Don't worry.
Speaker 6: Oh yeah, time, all right, good. I'm told these are
Speaker 6: popular with like gen Z, the youth. Yeah, the youth.
Speaker 6: Don't picture of them?
Speaker 5: What are these?
Speaker 1: These like nutcrackers? What are these?
Speaker 2: Yeah?
Speaker 5: They kind of are.
Speaker 6: Yeah, that's like, now you're speaking my language, Roman, because
Speaker 6: that's my era. But yeah, they're kind of like flavored
Speaker 6: circular don't like you know, spherical alcohol filled containers that
Speaker 6: are popular at parties. They say like take the party
Speaker 6: to go with these. So anyway, Brown Foreman shares down
Speaker 6: about one percent. Carol's googling buzzballs right now?
Speaker 5: How many shots is the buzzball equal to?
Speaker 6: Finally, I'll let you look that up while I look
Speaker 6: at shares of under Armour, which we're under pressure today,
Speaker 6: shares falling today by seventeen percent. They were down all
Speaker 6: day today. The company sank after guidance for this year
Speaker 6: miss Wall Street projections. It was weighed down by that
Speaker 6: partnership with Steph Curry winding up taking a financial hit
Speaker 6: too over the conflict Romain in the Middle East in
Speaker 6: the midst of a turnaround. But as investors showed today,
Speaker 6: there's still a ways to go. Shows doown seventeen percent.
Speaker 5: Let's take a.
Speaker 1: Quick look at yields, because for a second straight day
Speaker 1: we did see them higher pretty much across the curve,
Speaker 1: a lot of activity in the middle, with the benchmark
Speaker 1: ten year yield now camped out right around four point
Speaker 1: four six percent. That's the highest that we've seen since
Speaker 1: at least fall of last year. Here and your thirty
Speaker 1: year yield now firmly above that five percent mark.
Speaker 5: Can two buzzballs get you drunk?
Speaker 3: Yeah, definitely, you get most people drunk, especially if you do.
Speaker 5: It back to back you know they're kind charming.
Speaker 4: Yeah, all right, you they're dangerous.
Speaker 5: All right, well, claiming her next Friday red wine only.
Speaker 3: Hey, interesting story that might bum out some students over
Speaker 3: at Harvard. Apparently the faculty at Harvard University are voting
Speaker 3: on a proposal to limit A grades in undergrad courses
Speaker 3: to no more than twenty percent of the class plus
Speaker 3: four additional students. It's aiming to address is known as
Speaker 3: great inflation.
Speaker 6: Yeah, critics say great inflation makes it tougher for employers
Speaker 6: and grad schools to evaluate students. About sixty percent of
Speaker 6: grades are A in the academic year ending in mid
Speaker 6: twenty twenty five. Okay, so they go to Harvard. So
Speaker 6: shouldn't everybody get a's anyway? Or should it be they
Speaker 6: should be greater on a curve?
Speaker 1: Yeah, well that's what they're going to do, right, So
Speaker 1: and you bring it down and what maybe just for
Speaker 1: the top? Okay, I mean, does anyone what happens.
Speaker 3: If everybody just gets an A and does really well,
Speaker 3: it's a great teacher.
Speaker 5: Everybody's studying verty smart.
Speaker 1: You need to I think someone.
Speaker 5: I understand how curves work. I'm just geometry. I'm with you,
Speaker 5: kind of like what it's worth.
Speaker 4: It's hard enough to get into Harvard.
Speaker 5: Just give them good grades? Why not not the brag?
Speaker 5: But you know, I think, but I will please go ahead.
Speaker 4: What do you guys got, Well, let's talk a little
Speaker 4: bit about New York City because this certainly was well
Speaker 4: read on the Bloomberg terminal, and that is New York City,
Speaker 4: Zora on mom. Donnie has dropped his plan to raise
Speaker 4: property taxes to help close that two year deficit.
Speaker 5: But when it comes to.
Speaker 4: That pianta terror tax, that's that's still in play. But
Speaker 4: still you know, obviously this received a lot of pushback.
Speaker 4: There was a lot of skepticism about getting this across
Speaker 4: the line, but you know, it was also a negotiating
Speaker 4: tactic too on his part.
Speaker 1: All Right, so part of the property tax hike has gone,
Speaker 1: some of the others still there. How's Best Freeman doing?
Speaker 1: Because she was on our program yesterday, she was she
Speaker 1: made a very passionate plea against that peda tear tax
Speaker 1: in terms of the potential impact on the economy here
Speaker 1: in New York.
Speaker 6: City, but also the point that she made about it
Speaker 6: being challenging to actually implement because of assessments.
Speaker 1: Yeah, they said have you actually tried to follow the
Speaker 1: condo I mean, forget the co op assessments of the
Speaker 1: condo assessments in the city.
Speaker 6: None of them make any sense.
Speaker 5: Yeah, it's like if you look at the I feel like.
Speaker 6: One has too many buzzballs or something, it always goes
Speaker 6: back to buzzball.
Speaker 5: Well, we're going to table this for the moment since
Speaker 5: we're not gonna be figuring it out. Yep, have to
Speaker 5: get some buzzballs, all right, guys.
Speaker 2: That is a wrap up the Stockmovers Report from Bloomberg Radio.
Speaker 2: Check back with us throughout the day for the latest
Speaker 2: roundup of companies making news on Wall Street and for
Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live,
Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay
Speaker 2: and Android Auto with the Bloomberg Business app.