Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenovack, Romain Bostik, and Katie Greifel.
Speaker 1: All right, let's get to the S and P five hundred,
Speaker 1: going back there. You know what's interesting. Even though we're
Speaker 1: seeing a move up generally again in the major averages, guys,
Speaker 1: we've got two hundred eight names in the S and
Speaker 1: P five hundred, Yes, gaining ground, but isabelle more names
Speaker 1: are actually losing ground on this Friday two hundred and
Speaker 1: ninety five to the downside.
Speaker 3: Exactly.
Speaker 4: I'm looking at my imap here and unless I'm looking
Speaker 4: at the right thing, it's actually interesting how it's not
Speaker 4: all green. You see their tech up by almost two percent,
Speaker 4: Materials also higher, but you have a couple of red there.
Speaker 4: I'm seeing healthcare down by six tens of one percent,
Speaker 4: consumer staples, energy and financials also in the red.
Speaker 1: All right, guys, I want to go do some of
Speaker 1: the individual gainers if I may. In today's trade, I
Speaker 1: got to talk about the semiconductors man just on fire,
Speaker 1: Intel up almost fourteen percent. You had Micron up about
Speaker 1: fifteen and a half percent, and you had a lot
Speaker 1: of options activity.
Speaker 3: Around Micron as well.
Speaker 1: I think it was seventy five dollars puts where you
Speaker 1: saw a lot of activity. Philadelphia's Semiconductor index that was
Speaker 1: up about five and a half percent. Nearly all names
Speaker 1: in the socks there are thirty of them higher in
Speaker 1: today's session, socks is up sixty five percent roughly year
Speaker 1: to date. We did see it come under pressure like
Speaker 1: a lot of the market following the US War and
Speaker 1: Iran when that started. Apple and Intel, let's get to
Speaker 1: some news and fundamentals for Intel. Apple and Intel have
Speaker 1: reached a preliminary agreement for Intel to manufacture some of
Speaker 1: the chipst power Apple devices. According to people familiar intentsive
Speaker 1: talks between the two have been ongoing for more than
Speaker 1: a year. They hammered out a formal deal in recent months.
Speaker 1: These people said. It's still unclear though which Apple products
Speaker 1: Intel would make chips for.
Speaker 3: These people say this was in the Wall Street Journal,
Speaker 3: But if.
Speaker 1: You remember on Tuesday, our team of Mark german Ian
Speaker 1: King and Ryan Gould had talked about Apple having exploratory
Speaker 1: discussions about using Intel and also Samsung Electronics to produce
Speaker 1: the main processors for its devices in the US.
Speaker 3: So anyway, this certainly got the stock moving.
Speaker 1: But if you read what Bloomberg says, you would have
Speaker 1: had a little bit of a head up.
Speaker 3: Jeryld out there, Do you have no excuse?
Speaker 1: Then?
Speaker 3: I know, I said, darn.
Speaker 1: I wish I had everything in semiconductors because they've been
Speaker 1: just on a run certainly this year.
Speaker 3: Hey, let's a little bit on over to Dell ralling today.
Speaker 3: This is President Trump said, go out and buy Adell.
Speaker 1: They're great, repeating his praise for founder Michael Dell and
Speaker 1: really the whole Dell family for its philanthropy and backing
Speaker 1: and giving contributions to those Trump accounts. This was at
Speaker 1: a Mother's Day event at the White House, so you
Speaker 1: did see Dell getting a kick to the upside, up
Speaker 1: about thirteen percent more than a kick, I know.
Speaker 3: Is that amazing?
Speaker 1: And then here's for something non tech, low tech, no
Speaker 1: tech monster beverage. This was certain and now performer in
Speaker 1: today's session top in the S ANDPN Nasdaq. It was
Speaker 1: up about thirteen and a half percent, hitting an inter
Speaker 1: day high as much as seventeen percent. The company reported
Speaker 1: first quarter justin earnings per show that beat the average
Speaker 1: analyst estimates. JP Morgan raising its price target RBC. Two
Speaker 1: options today also surging around this one actually was I'm sorry,
Speaker 1: I think I said options around Micron.
Speaker 3: Oops.
Speaker 1: Sorry, it's Friday option surging around Monster that was led
Speaker 1: by seventy five dollars share puts.
Speaker 3: I'm really sorry, guys, but I did correct it. All right.
Speaker 3: I'm going to get to some of the decliners today.
Speaker 3: It's been a long week. She has to travel back
Speaker 3: from La Thank you, thank you, I love you, Scarlett.
Speaker 5: Look at cloud Flair down twenty six twenty three point
Speaker 5: six percent today. It's the worst day ever for this company.
Speaker 5: Interestingly enough, though, trading out one hundred and ninety six thirteen.
Speaker 5: It's only down to levels that were seeing just last month,
Speaker 5: so it had quite a run up over.
Speaker 3: The past few weeks.
Speaker 5: Still, it's important to note the company said late yesterday
Speaker 5: with slash jobs. It gave a forecast for revenue that
Speaker 5: fell of analyst expectations. It's going to slash its current
Speaker 5: workforce by about a fifth of the total eleven hundred employees.
Speaker 5: It's prioritizing AI tools in the operating model. The company
Speaker 5: also projected revenue for the quarter that fell short of estimates. Also,
Speaker 5: let's take a look at what happened to shares of
Speaker 5: Expedia today. They posted quarterly revenue that was up fifteen
Speaker 5: percent from a year earlier, but gave a tepid gross
Speaker 5: bookings for the second quarter forecast down nine percent. Today.
Speaker 5: Analysts pointed to macroeconomic pressures weighing on the guidance, though
Speaker 5: Expedia did say we expect healthy demand from the FIFA
Speaker 5: World Cup and forecasts at second quarter revenue between four
Speaker 5: hundred point four point one one billion to four point
Speaker 5: one to nine billion dollars. Shares fell by just over
Speaker 5: nine percent, and finally, Core weave today. Shares dropped after
Speaker 5: the company gave a disappointing forecast for the current quarter.
Speaker 5: It's more concerns about slowing growth. Revenue for the second
Speaker 5: quarter will range from two point four to five to
Speaker 5: two point six billion. That was short of the two
Speaker 5: point seven billion scarlet that lists wanted to see. Core
Speaker 5: we've done by eleven point four percent today.
Speaker 6: All right, good stub Let's move on to the fixed
Speaker 6: income space. We saw a bid for US treasuries higher
Speaker 6: price means lower yields, especially at the short end of
Speaker 6: the curve. We had a better than expected April jobs report,
Speaker 6: but nothing that forces the fence hand, so you're seeing
Speaker 6: yields come down for the two year. We're now sitting
Speaker 6: at three point eight nine percent. For the thirty year.
Speaker 6: People have been eyeing that five percent level. We got
Speaker 6: there earlier this week, but we're ending the week away
Speaker 6: from it now at four point nine four percent, and
Speaker 6: the tenure currently at four point three six percent.
Speaker 3: Well within the range that it's established. All Right, guys,
Speaker 3: this is really important.
Speaker 1: You know we talk about concerned about private credit or
Speaker 1: the over AI spin. Well, apparently gelato is getting a
Speaker 1: bit odd and weird, and not everybody's happening is happy
Speaker 1: about it. Sub let Hey, I don't know. It's a
Speaker 1: gelato shop in Bologna. It produces small quantities of gelato
Speaker 1: using high quality, meticulously sourced ingredients, without thickeners or most
Speaker 1: of I think the point of this story that our
Speaker 1: Joel Heart did here at Bloomberg is that they're also
Speaker 1: getting into some different weird flavors.
Speaker 5: I thought the point of the story was so Joel
Speaker 5: could go to Italy and eat gelato.
Speaker 3: Because to Italy, to Dotto.
Speaker 1: What it seems like to the editors, Hey, like is
Speaker 1: really important gelato story. There's concerns like yeah, around with
Speaker 1: the ingredients and I gotta go.
Speaker 5: In all seriousness, it's one of the most red stories
Speaker 5: on the Bloomberg terminal. It's about the evolution of gelato
Speaker 5: in Italy. How it's particularly focused on the northern region
Speaker 5: with gelato shops. They're offering innovative flavors, techniques, and it
Speaker 5: showcases gelatto as this key component of Italian food and cuisine.
Speaker 5: It's enough for me to go there.
Speaker 1: There's one with a it's a reconstructed cheese gelato made
Speaker 1: with waist starter penicillium candidum, I guess, and a parmesano
Speaker 1: garum topping.
Speaker 4: It's too innovative for me. I just want to stick
Speaker 4: with my nice dark chocolate. There's there's moral mushroom and sake.
Speaker 4: I mean, I guess it's for a small niche of
Speaker 4: people and maybe a big group, but not for me.
Speaker 3: With you too.
Speaker 6: A shout out to Minimal, which is a gelato shop
Speaker 6: in Taijung, Taiwan, which has a Michelin star.
Speaker 3: Oh wow.
Speaker 4: Yeah, so I should pitch at Scarlett then we can go.
Speaker 6: I have a pitch already in mind for Gelato around
Speaker 6: the World.
Speaker 2: All right.
Speaker 6: The other story that I'm keeping my eye on. I
Speaker 6: don't know if you guys have any kids in college.
Speaker 6: I know, Carol you once did. I have two in
Speaker 6: school right now. And there's this online platform that all
Speaker 6: these college students need to use. It's called Canvas. There's
Speaker 6: a hack into it, and it came yesterday. It actually
Speaker 6: came a few days ago, but it really got publicized
Speaker 6: the last few days now. As a result, the University
Speaker 6: of Illinois, Virginia Tech, and Southern Methodist University, among others,
Speaker 6: have postponed their finals because of this. Kids can't get
Speaker 6: onto the platform, they can't check the study guides, Professors
Speaker 6: can't communicate with the with the students. It's a big mess.
Speaker 3: I got to tell you. This is terrifying to me.
Speaker 1: And I have these bad dreams that I'm like, I'm
Speaker 1: going to one day my phone like all my accounts
Speaker 1: are going to be hot. There's going to be no
Speaker 1: money in my bank account, no money in my investment account.
Speaker 3: Like it just tears revise me.
Speaker 1: And I just feel like these are the kind of
Speaker 1: things that were I don't know, I just find it
Speaker 1: really upsetting.
Speaker 5: I took about a decade between undergraduate and then going
Speaker 5: to graduate school, and by the time I got there
Speaker 5: was like no technology when I was an undergraduate, truly
Speaker 5: so much now. And then by the time ten years later,
Speaker 5: which was actually ten years ago I got to graduate school,
Speaker 5: they were using canvas and it was a completely different
Speaker 5: experience there. There was every syllabus was on there. I
Speaker 5: can't just given that this is the backbone and this
Speaker 5: was like a decade ago, this is the backbone of
Speaker 5: how every class is done in certain universities. Of course,
Speaker 5: it makes sense they'd have to delay finals because this
Speaker 5: is this is the infrastructure that that academia runs on.
Speaker 6: And the market here that this company has instructure, which
Speaker 6: is owned by private equity owned by KKR.
Speaker 3: In fact, it's incredible.
Speaker 6: Everyone seems to be affected in one way, shape or form.
Speaker 4: I miss analog days when I had to bring a
Speaker 4: paper slip to my parents and make them sign them.
Speaker 3: I know, I like paper. I like paper.
Speaker 1: I'm just gonna say that I still have a calendar book,
Speaker 1: like we all grew up with papers.
Speaker 3: So you know, there's a. It's comforting, right, I know,
Speaker 3: I know. Comforting was having you guys. This was really fun.
Speaker 1: A great way to wrap up the day in the week,
Speaker 1: so have a great, great weekend.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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