1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock movers report 3 00:00:13,760 --> 00:00:16,720 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,400 Speaker 2: with Carol Masser, Tim stenovek Romain Bostik, and Katie Greifel. 5 00:00:22,200 --> 00:00:24,520 Speaker 3: All right, let's go to some of the individual gainers 6 00:00:24,600 --> 00:00:28,280 Speaker 3: if I may, and it's Fix Fix as the ticker 7 00:00:28,560 --> 00:00:31,200 Speaker 3: Comfort Systems number one gainer in the S and P 8 00:00:31,360 --> 00:00:35,200 Speaker 3: five hundred, hitting an all time high today at least 9 00:00:35,200 --> 00:00:37,760 Speaker 3: intra day. That's stuck up about six and a half 10 00:00:37,760 --> 00:00:41,839 Speaker 3: percent here in the session. It provides heating, ventilation, air 11 00:00:41,880 --> 00:00:46,120 Speaker 3: conditioning system installation, all that good stuff. Firm reported revenue 12 00:00:46,159 --> 00:00:48,479 Speaker 3: for the fourth quarter that beat the average analyst estimate. 13 00:00:48,600 --> 00:00:50,199 Speaker 3: Keep in mind this is a stock that has been 14 00:00:50,240 --> 00:00:53,320 Speaker 3: on a tear this year. It's up about sixty percent, 15 00:00:53,440 --> 00:00:56,760 Speaker 3: so some more momentum to the upside in today's trade. 16 00:00:56,920 --> 00:01:00,279 Speaker 3: Flip it on over to General Electric, finishing just its 17 00:01:00,280 --> 00:01:02,160 Speaker 3: best levels of the session. It too, hit an all 18 00:01:02,160 --> 00:01:04,760 Speaker 3: time high in the session today, finishing the day with 19 00:01:04,800 --> 00:01:06,960 Speaker 3: a gain of about two and a half percent. Morgan 20 00:01:07,000 --> 00:01:11,160 Speaker 3: Stanley initiating with a recommendation of overweight, citing the engine 21 00:01:11,160 --> 00:01:15,680 Speaker 3: manufacturer's durable services growth, strong pricing power, and pristine balance sheet. 22 00:01:15,959 --> 00:01:20,440 Speaker 3: The analyst there says Wall Street estimate underestimates, I should say, 23 00:01:20,520 --> 00:01:23,680 Speaker 3: long term free cash flow with further upside from earnings 24 00:01:23,680 --> 00:01:26,400 Speaker 3: revisions and multiple expansion. They set a price target of 25 00:01:26,600 --> 00:01:29,319 Speaker 3: four hundred and twenty five dollars to share, stock closing 26 00:01:29,600 --> 00:01:33,040 Speaker 3: at three forty three and change. So some upside certainly 27 00:01:33,120 --> 00:01:35,160 Speaker 3: on that one stock is up about eleven percent year 28 00:01:35,160 --> 00:01:37,680 Speaker 3: to date, and then the number one gainer in the 29 00:01:37,760 --> 00:01:41,160 Speaker 3: Nasdaq one hundred we're talking about Alphabet up about four 30 00:01:41,200 --> 00:01:44,280 Speaker 3: percent here and this one One of the things that 31 00:01:44,760 --> 00:01:46,280 Speaker 3: kind of stood out for me was a Wall Street 32 00:01:46,319 --> 00:01:48,880 Speaker 3: Journal story that says that Google is exploring new ways 33 00:01:48,920 --> 00:01:51,680 Speaker 3: to expand the market for its AI chips to better 34 00:01:51,760 --> 00:01:55,640 Speaker 3: compete with Nvidia. So the company increasing its financial support 35 00:01:55,720 --> 00:01:58,400 Speaker 3: to a network of data center partners, including a potential 36 00:01:58,760 --> 00:02:02,080 Speaker 3: one hundred million dollars investment in cloud competing startup fluid Stack. 37 00:02:02,120 --> 00:02:03,560 Speaker 3: But I think it's interesting as we get ready for 38 00:02:03,680 --> 00:02:04,600 Speaker 3: Nvidia's results. 39 00:02:04,680 --> 00:02:08,400 Speaker 1: Yeah, our video results was that next Wednesday, right, twenty fifth, Yeah, 40 00:02:08,600 --> 00:02:10,120 Speaker 1: I have full coverage right on the here on the clothes. 41 00:02:10,280 --> 00:02:12,400 Speaker 4: Yeah, all right, Well before then let's take a look 42 00:02:12,440 --> 00:02:15,920 Speaker 4: at the decliner's Blue Owl shares down four percent, down 43 00:02:16,000 --> 00:02:18,880 Speaker 4: ten point four percent on the week. Now. On Thursday, 44 00:02:18,960 --> 00:02:22,320 Speaker 4: the alternative asset manager restricted withdrawals from one of its 45 00:02:22,400 --> 00:02:26,200 Speaker 4: retail focused private credit funds, so that alone sparking some 46 00:02:26,320 --> 00:02:29,680 Speaker 4: fears here about just how much liquidity there is in 47 00:02:29,760 --> 00:02:32,080 Speaker 4: this asset class. Of course, there's been a lot of 48 00:02:32,080 --> 00:02:35,799 Speaker 4: scrutiny in recent weeks on private credit. Bloomberg also reporting 49 00:02:35,840 --> 00:02:38,760 Speaker 4: last night the Blue Owl did find four buyers for 50 00:02:39,040 --> 00:02:42,280 Speaker 4: a one point four billion dollar portfolio of loans to 51 00:02:42,360 --> 00:02:45,760 Speaker 4: help pay out investors. But the decline the trade today 52 00:02:45,800 --> 00:02:50,000 Speaker 4: really reflecting those broader fears that investors are having about 53 00:02:50,040 --> 00:02:53,600 Speaker 4: ill liquidity in private credit and potential losses. I do 54 00:02:53,639 --> 00:02:55,680 Speaker 4: want to go to Walmart, though we were talking just 55 00:02:55,720 --> 00:02:58,080 Speaker 4: a few minutes ago about how a lot of these 56 00:02:58,440 --> 00:03:02,280 Speaker 4: commerce consumer focus comes. He's not moving much on the 57 00:03:02,360 --> 00:03:04,919 Speaker 4: tariff news. I think Walmart is a good example. The 58 00:03:04,960 --> 00:03:07,760 Speaker 4: stock in the red, but only down one point five percent. 59 00:03:08,080 --> 00:03:11,840 Speaker 4: They did cut they got a recommendation cut over at HSBAC, 60 00:03:12,200 --> 00:03:15,200 Speaker 4: the analyst there cutting the retailer to hold and saying 61 00:03:15,240 --> 00:03:18,919 Speaker 4: that the company's fourth quarter results. The other day were solid, 62 00:03:19,000 --> 00:03:22,280 Speaker 4: but the outlook for twenty twenty six is surprisingly weak 63 00:03:22,560 --> 00:03:26,040 Speaker 4: given solid trends. Nevertheless, though it wasn't a big move 64 00:03:26,160 --> 00:03:29,120 Speaker 4: downward in Walmart, but keeping an eye on that. And 65 00:03:29,160 --> 00:03:32,360 Speaker 4: then finally, core Weave shares down eight percent. The stock 66 00:03:32,400 --> 00:03:34,560 Speaker 4: did have its biggest inter day drop at one point, 67 00:03:34,639 --> 00:03:37,920 Speaker 4: though since November it was down about twelve percent. Business 68 00:03:37,920 --> 00:03:41,040 Speaker 4: Insider reporting that Blue Owl, yes, the same Blue Owl 69 00:03:41,120 --> 00:03:44,760 Speaker 4: from just a minute ago, was unable to secure financing 70 00:03:45,080 --> 00:03:47,720 Speaker 4: for a four billion dollar data center project that will 71 00:03:47,720 --> 00:03:51,400 Speaker 4: be occupied by core Weave. So this speaks to a 72 00:03:51,400 --> 00:03:53,880 Speaker 4: lot of the fears in the market about there's a 73 00:03:53,920 --> 00:03:57,880 Speaker 4: lot of credit funding these data centers to power AI. 74 00:03:59,200 --> 00:04:02,840 Speaker 4: Is this actually going to create yeah, real revenue here 75 00:04:02,960 --> 00:04:04,240 Speaker 4: or is it going to lead to losses? 76 00:04:04,320 --> 00:04:04,520 Speaker 3: Yeah? 77 00:04:04,520 --> 00:04:06,040 Speaker 1: And just an honorable mention too, I just want to 78 00:04:06,040 --> 00:04:08,680 Speaker 1: point out the drop that we saw in cybersecurity stocks today, 79 00:04:08,800 --> 00:04:12,960 Speaker 1: including some of the names like Zscaler, Cloud Flair, crowds 80 00:04:12,960 --> 00:04:14,720 Speaker 1: Strike down about eight percent here on the back of 81 00:04:14,760 --> 00:04:19,640 Speaker 1: that release of this new anthropic tool apparently related to 82 00:04:19,760 --> 00:04:22,160 Speaker 1: security features and it's clawed AI model. We do need 83 00:04:22,200 --> 00:04:24,680 Speaker 1: to check yields just real quickly here. Of course, higher 84 00:04:24,680 --> 00:04:26,800 Speaker 1: on the day and higher on the week, the entire 85 00:04:26,880 --> 00:04:29,600 Speaker 1: curve shifting up. Here, your two year yield up about 86 00:04:29,600 --> 00:04:31,560 Speaker 1: two basis points. Keep an eye on that three point 87 00:04:31,640 --> 00:04:33,960 Speaker 1: five percent, as we're just about four weeks away from 88 00:04:34,000 --> 00:04:35,000 Speaker 1: the next FED decision. 89 00:04:35,240 --> 00:04:35,440 Speaker 4: Yeah. 90 00:04:35,480 --> 00:04:37,040 Speaker 3: I think it's fascinating that you went there, and I 91 00:04:37,080 --> 00:04:39,440 Speaker 3: think it's important because I think going into Friday, we 92 00:04:39,480 --> 00:04:40,680 Speaker 3: all thought we were going to be talking about the 93 00:04:40,720 --> 00:04:44,160 Speaker 3: inflation print and the economic data this morning, the hot 94 00:04:44,160 --> 00:04:47,279 Speaker 3: inflation print, weaker growth, but it certainly shifted to that 95 00:04:47,480 --> 00:04:51,000 Speaker 3: US Supreme Court ruling against the president's you know what, 96 00:04:51,120 --> 00:04:53,760 Speaker 3: is a key part of his platform. I guess at 97 00:04:53,760 --> 00:04:57,440 Speaker 3: this point Katie now goes to what comes next from 98 00:04:57,440 --> 00:04:59,840 Speaker 3: the president, the workaround that maybe he gets to do 99 00:05:00,360 --> 00:05:02,640 Speaker 3: so that he can continue to impose Terris. But I 100 00:05:02,680 --> 00:05:03,839 Speaker 3: guess we have to wait and see. 101 00:05:03,680 --> 00:05:04,120 Speaker 4: Here, right. 102 00:05:04,200 --> 00:05:04,360 Speaker 2: Yeah. 103 00:05:04,400 --> 00:05:06,279 Speaker 5: A conversation that Romayn and I have been having on 104 00:05:06,320 --> 00:05:09,160 Speaker 5: the close is what this means for the twenty twenty 105 00:05:09,160 --> 00:05:11,600 Speaker 5: six mid terms. It's going to be really interesting. There 106 00:05:11,640 --> 00:05:15,279 Speaker 5: was a great column from our own Sean Donna about 107 00:05:15,320 --> 00:05:18,400 Speaker 5: basically that this is secretly a gift to Trump. I 108 00:05:18,400 --> 00:05:20,760 Speaker 5: don't know if many others would go as far. But 109 00:05:20,839 --> 00:05:22,560 Speaker 5: he does point out that you take a look at 110 00:05:22,560 --> 00:05:26,200 Speaker 5: the polling, a lot of the Americans poll weren't approving 111 00:05:26,200 --> 00:05:29,320 Speaker 5: of how he was handling the economy. So from that sense, 112 00:05:29,400 --> 00:05:32,120 Speaker 5: if he does have to retool, if this does help 113 00:05:32,160 --> 00:05:34,839 Speaker 5: in terms of some of the affordability measures, that maybe 114 00:05:34,839 --> 00:05:37,120 Speaker 5: that will be reflected in November. 115 00:05:36,680 --> 00:05:38,360 Speaker 1: Well, I'm curious at how that's going to be reflected 116 00:05:38,360 --> 00:05:40,000 Speaker 1: in the State of the Union speech, Like how this 117 00:05:40,040 --> 00:05:42,080 Speaker 1: gets spun, because when I saw the press conference, I 118 00:05:42,080 --> 00:05:44,240 Speaker 1: thought we were going to get more of that pitch, 119 00:05:44,279 --> 00:05:46,440 Speaker 1: although you know it was more just emotion and grievance. 120 00:05:46,440 --> 00:05:48,920 Speaker 1: But obviously he's got some time to refine that message, 121 00:05:48,920 --> 00:05:51,880 Speaker 1: a message that presumably will actually be written by a speechwriters. 122 00:05:53,080 --> 00:05:57,080 Speaker 2: This stock Mover's report from Bloomberg Radio. 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