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 Stenobeck, Romain Bostik, and Katie Greifel.
Speaker 3: All right, let's go to some of the individual gainers,
Speaker 3: if I may. In the Monday trade, got to talk
Speaker 3: about SpaceX up another nineteen almost twenty percent in today's session,
Speaker 3: so quite a run in its first two days of trading,
Speaker 3: if you will, and of course jumping in their second
Speaker 3: day of trading, adding to gains a blockbuster debut. On
Speaker 3: on Friday, we talked about in a lot the largest
Speaker 3: IPO ever company has exercised the IPOs over allotment option,
Speaker 3: which lets underwriters sell an additional eighty three point three
Speaker 3: million shares, so that increases the amount raised about eighty
Speaker 3: six point two billion. We had some of that reporting
Speaker 3: coming out. I kind of can't wait for earnings come August.
Speaker 3: And so now the stock is up more than thirty
Speaker 3: percent year to date, again only two days of trade.
Speaker 4: I think we're going to talk about it a lot.
Speaker 3: Before I would say I would say, hey, let's go
Speaker 3: on over to Nvidia, because this one definitely moved to
Speaker 3: the upside as well. Some rally there about three and
Speaker 3: a half percent. Here, chip making giant tapping the debt
Speaker 3: market for the first time in years. They're raising twenty
Speaker 3: five billion from a high grade bond sale that received
Speaker 3: more than three times the amount in demand, so underscoring
Speaker 3: that once again investors anything to do with AI and
Speaker 3: the AI boom they are interested in. I want to
Speaker 3: just point out they drew about eighty five billion dollars
Speaker 3: of orders, hence three times the amount that they received
Speaker 3: in terms of demand. They had been targeting to raise
Speaker 3: about twenty billion. According to people familiar with the matter.
Speaker 3: The deal ties Oracle, Meta and Salesforce for the second
Speaker 3: biggest of twenty twenty six. We see a lot of
Speaker 3: tapping the debt markets that continues.
Speaker 1: What do we know what rate they paid, what interest
Speaker 1: rate they paid at all?
Speaker 3: I was looking at it before I went in here,
Speaker 3: and I don't know that.
Speaker 1: I'm always is just about kind of the narrative you're
Speaker 1: with some of these companies that obviously don't necessarily need
Speaker 1: to borrow. But obviously when you talk about with the
Speaker 1: cost of capital being so low, particularly for our high
Speaker 1: grade issue are like this. It's kind of like, why
Speaker 1: not just grab as much cash as you can?
Speaker 3: Yeah, well, I think that's what we're seeing right at
Speaker 3: this point. But bu I know they're selling it in
Speaker 3: seven parts majorities, maturities ranging from two to thirty years.
Speaker 1: I thought you knew off the top of your head.
Speaker 1: Now you can just.
Speaker 2: Move on then, Oh okay, thanks for that.
Speaker 1: How was your weekend?
Speaker 3: Bet so helpful? I got stuff to do. I'm too
Speaker 3: busy here. Hey, Western Digital is the number one gainer
Speaker 3: in the s and P five hundred and NASDAQ one hundred.
Speaker 3: Morgan Stanley raising the firm's price target and Western Digital
Speaker 3: to six fifty from four eighty eight to share. The
Speaker 3: stock up sixteen percent here, closing at six fifty three
Speaker 3: and change, so above that price target. They're keeping the
Speaker 3: overweight rating on the stock, they say. Following a week
Speaker 3: on the road with management, including the company's CEO and CFO,
Speaker 3: the firm has an even greater conviction that hard Diest
Speaker 3: drive demand is strengthening, with customers seeking visibility into twenty thirteen.
Speaker 3: So yeah, that one and now performer number one s
Speaker 3: and P five hundred, nows deck one hundred, Tim take
Speaker 3: it away.
Speaker 4: All right, Let's start with some of the worst performers
Speaker 4: in the S and P five hundred today. Pfiser third worst.
Speaker 4: Let's call it second worst performer in the S and P.
Speaker 4: Today it fell eleven percent, lowest level in more than
Speaker 4: nine years. After the CEO, Michael Lyons quit to take
Speaker 4: the top job at Truest Financial, Lions will take over
Speaker 4: from Bill Rogers. At Truest, Bill Rodgers will stay on
Speaker 4: as the bank's executive chairman will be paid forty million
Speaker 4: dollars to compensate for his forfeited pay at Pfizer. Pfizer
Speaker 4: replaced Lions with Attackis George Koppolis effective immediately and reafirmed
Speaker 4: its financial outlook for twenty twenty six. This was a
Speaker 4: surprise for a lot of people, including investors. Pfizer shares
Speaker 4: fell by close to eleven percent. Fox shares and we're
Speaker 4: going to talk to gither Rang and Athen in just
Speaker 4: a few minutes about what exactly Fox is going to
Speaker 4: do with Roku closing down a record seventeen percent, biggest
Speaker 4: intrant day decline going back to when this version of
Speaker 4: Fox started trading back in twenty nineteen. But Roku will
Speaker 4: be bought by Fox and a deal valued out about
Speaker 4: twenty two billion dollars including debt. According to terms of
Speaker 4: the deal, Fox will pay ninety six dollars in cash
Speaker 4: and nearly ninety seven one hundreds of Fox Class A
Speaker 4: shares per Roku share. Once again, Fox Corp Shares falling
Speaker 4: nine by close to seventeen percent. And finally, oil had
Speaker 4: a tough day today. Fell today and including some of
Speaker 4: the oil majors, x On Mobile down more than four percent.
Speaker 4: Energy stocks took ahead after the US and ran SID
Speaker 4: they reached an interim agreement to reopen the strait. If
Speaker 4: you look at where oil is, Brent still above eighty
Speaker 4: three dollars a barrel, WTI above eighty one dollars a barrel,
Speaker 4: but both of those felt just about four percent today.
Speaker 1: All right, I'll quick check on yield, So relatively modest
Speaker 1: moves on the day here. Yields slightly lower on the
Speaker 1: shorter end of the curve, slightly higher on the long
Speaker 1: end of the curve. Basically we're talking about one basis
Speaker 1: points either up or down across the board, so not
Speaker 1: a lot of activity there, Maybe a bit of a
Speaker 1: holding pattern, as people will wait to course. Kevin Walsh's
Speaker 1: first appearance as FED chair behind the podium on Wednesday.
Speaker 2: The Stockmover's 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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