Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain, Bostik, and Scarlett Foo.
Speaker 3: S and P five hundred, two hundred and eleven names
Speaker 3: in the average hired today Katie two hundred and ninety
Speaker 3: to the downside, two unchanged.
Speaker 4: Let's take a look at the sector level, as illustrated
Speaker 4: by this circle.
Speaker 5: You can see it's.
Speaker 4: Very green today and it's big tech once again.
Speaker 5: This is what we saw yesterday, it's what we see.
Speaker 4: On this Friday, really leading gains at the sector level, up.
Speaker 5: More than one percent.
Speaker 4: Utilities too though, getting in on the action as to
Speaker 4: did communication services. On the downside, you do have four
Speaker 4: sectors in the red on this Friday, Energy leading losses
Speaker 4: off by one point three percent, real Estate, consumer staples
Speaker 4: and healthcare also finishing the day lower.
Speaker 3: Carol, a lot of green, all right, Let's get to
Speaker 3: some of those individual gainers that got it there. FedEx
Speaker 3: that stoff, finishing off its best levels of the session,
Speaker 3: still a gain of two point three percent. The company
Speaker 3: reported better than expected adjusted earnings per share for the
Speaker 3: first quarter, reinstated it's full year sales and profit outlook,
Speaker 3: and that's really what got investors excited because remember when
Speaker 3: they had suspended it because they just weren't quite sure
Speaker 3: what was coming at them.
Speaker 5: And this is all happening.
Speaker 3: Investors buying the stock because the company still expects a
Speaker 3: one billion dollar hit from trade volatility this year due
Speaker 3: to President Trump's tarifs and the loss of a key
Speaker 3: exemption for low value goods. Got to mention Apple as well.
Speaker 3: That one up about three point two percent.
Speaker 1: Did get a new iPhone today?
Speaker 5: I did not. I'm still happy with what I've got.
Speaker 3: I'm still getting used to that new Was it liquid
Speaker 3: glass or whatever the heck it is?
Speaker 4: I don't know.
Speaker 1: I'm on iPhone six.
Speaker 3: Sorry for you, all right, Well, the iPhone seventeen, pro
Speaker 3: Promacs and iPhone Air have got on sale, with the
Speaker 3: new phones attracting long lines at Apple stores in various location.
Speaker 5: It is a first time.
Speaker 1: I was in that line today.
Speaker 5: By the way, you're buying something now.
Speaker 1: I was actually there for something completely unrelated to Tim Cook,
Speaker 1: but I just happened to run into him. I said, Hi,
Speaker 1: did you there for the vibes. Yes, seriously, did you
Speaker 1: ask him anything?
Speaker 4: I did not.
Speaker 1: I did not get that close to him. You know,
Speaker 1: he has a lot of security around them.
Speaker 5: Okay, yeah, they're probably to you. Yeah, it's like beings
Speaker 5: like the president. You gotta get it close to him.
Speaker 5: They're like, who are you all right? Moving along?
Speaker 3: Apple shares of three point two percent. Keep in mind,
Speaker 3: I think it was our marker. I've been pointing out
Speaker 3: first time since twenty twenty that Apple has rolled out
Speaker 3: several new phone designs and a lot of new gears,
Speaker 3: so people excited this one. Courtesy of my lovely co
Speaker 3: host Tim Stanovek. Bright House Financial, Yes, thank you, thank you.
Speaker 3: BHF is the tick our stock up twenty seven percent
Speaker 3: in today's session. A consortium led by the insurer Aquarium
Speaker 3: Holdings in advanced talks to pay sixty five to seventy
Speaker 3: per share for bright House Financial. This is, according to
Speaker 3: people in the know, as the sales process for the
Speaker 3: annuity provider comes to a head.
Speaker 5: So we'll see. Bright House could decide.
Speaker 3: As soon as next week to move forward, or they
Speaker 3: could remain independent, according to those people to know, And
Speaker 3: I'm just going to throw in, Oh sure, Finley, I
Speaker 3: didn't send this to you, but Oracle a late pop
Speaker 3: on that redhead up about four percent here of the
Speaker 3: close company in talks with Meta on a two billion dollar,
Speaker 3: twenty billion dollar excuse me, twenty billion dollar AI cloud
Speaker 3: computing deal. We know Oracle has been on a tear
Speaker 3: when it comes to lining up AI cloud computing deal.
Speaker 3: Stocks up eighty five percent year to date. I'm done,
Speaker 3: all right.
Speaker 6: I want to get to some of the decliners today.
Speaker 6: Homebuilders taken a hit. Big part of that is because
Speaker 6: of Lenar, down four point two percent the company's forecast
Speaker 6: for quarterly home orders misanalyst estimates due to af affordability
Speaker 6: concerns potential concerns about the job market as well. Lennar's results,
Speaker 6: according to the company, reflect both the continued pressures of
Speaker 6: today's housing market and the consistency of Lenar's operating strategy.
Speaker 6: Every single name in the fifteen hundred home index the
Speaker 6: S and P five hundred SMB fifteen hundred excuse me
Speaker 6: Home Index was lower on the day today. Also, while
Speaker 6: in the parent company of Instacart, it's ticker is CRT,
Speaker 6: Maple Bear is the name down eight point six percent
Speaker 6: this after reports late today late yesterday rather that Amazon
Speaker 6: has partnered with Southeastern supermarket chain when Dixie for grocery
Speaker 6: delivery in Florida. Other grocers also traded lower today, including
Speaker 6: Kroger and Albert Sims as well. And finally, just watching
Speaker 6: what happened with Intel today. After this week's record run,
Speaker 6: Intel shares fell after City Group downgraded the stock to
Speaker 6: sell from neutral, pointing to the company's rich valuation. Shares
Speaker 6: fell in the day today, down three point two percent.
Speaker 6: Remember shares rallied twenty three percent on Thursday after in
Speaker 6: the video agreed to invest five billion dollars in the company.
Speaker 1: And I just want to add an honorable mention on
Speaker 1: that subbub that was second look at those shares. Remember
Speaker 1: they had the IPO on Wednesday or Tuesday night, excuse me,
Speaker 1: a twenty three to fifty. They've closed below that in
Speaker 1: every session since, including today, down another ten percent. Some
Speaker 1: of that might actually have to do with the mediosyncratic issues,
Speaker 1: though I ex give me some issues coming out of
Speaker 1: Washington with regards to some concerns about Ticketmaster and they
Speaker 1: practices as well.
Speaker 6: I was looking at Pattern Technology, which is another IPO
Speaker 6: today it was it initially opened down as much as
Speaker 6: eight point nine percent. It ended up finishing the day
Speaker 6: higher by nine point six percent. But for a long
Speaker 6: time today I thought that was going to be another
Speaker 6: IPO that kind of stuttered out.
Speaker 5: Of the gate.
Speaker 1: Yeah, I think we've had three this week actually that
Speaker 1: did not perform as well as some of the ones
Speaker 1: that we had in the previous week. We'll be interesting
Speaker 1: to see what the read through is as we get
Speaker 1: into next week. Just a real quick check on yields
Speaker 1: here on a daily basis, not a whole lot of activity,
Speaker 1: But the more notable move is what we saw on
Speaker 1: a weekly basis, the first weekly decline that we've seen
Speaker 1: in yields across the board since mid August.
Speaker 5: So despite the fact that you are.
Speaker 1: Seeing a little bit of an upswing in yields on
Speaker 1: the day, we should point out that the trend line
Speaker 1: has been to the downside as expected. A lot of
Speaker 1: folks front run front ran that fed rate decision, and
Speaker 1: at least alicks right now with regards to the latest
Speaker 1: CFTC data, that people are still positioned for additional drop
Speaker 1: in yields.
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