Closing Bell: Qualcomm, Tyson, Sally Beauty | Stock Movers

0:02 Bloomberg Audio Studios podcasts radio news.

0:10 This is the closing bell on the stock movers report.

0:13 The companies making moves at the close of US trading with Carol Masser,

0:18 Tim Stenc, Roma Bostic, and Katie Grifeld.

0:22 All right, back to the S&P 500 we go.

0:24 Most names actually lower in the index, Katie.

0:27 About 288 losing ground on this Monday.

0:29 You had 215 higher in the Monday session and none unchanged.

0:34 Yeah.

0:34 And an interesting split when you take a look

0:36 at the sector level as measured by the circle.

0:38 You can see uh sort of a patchwork there of green and red.

0:42 Energy on a percentage basis was your biggest gainer.

0:44 Higher by about 2.6%.

0:47 Materials, industrials, tech also rising by 1% or more.

0:51 In terms of what didn't work on this Monday,

0:54 communication services down by about 2.3%.

0:57 You also had consumer staples that sector

1:00 off by about 8/10en of a percent, Carol.

1:02 All right, so let me go to some of the gainers.

1:04 Um, man, you really had some mega

1:07 outperformance once again in those semiconductor names.

1:10 In fact, you had the socks, you had Intel,

1:11 you had Micron, you had Qualcomm, all at record closes today.

1:15 Just let's go through some of the numbers.

1:16 8 and a half% higher roughly on Qualcomm.

1:19 6 and a half% higher when it comes to Micron.

1:23 You had Intel also higher up about 3.6%.

1:26 And if you look at the Philadelphia semiconductor index up about 2.6%.

1:31 So you saw this group again extending

1:33 the gains that we've seen already this year.

1:35 That's after we saw record highs in a lot of the names on Friday.

1:38 The latest latest surge boosted by continued

1:41 investor enthusiasm over AI and infrastructure buildouts.

1:45 Benzinga talking about Qualcomm saying uh or citing

1:49 the CEO there saying the smartphone era may be nearing

1:52 its end as major AI companies quietly work

1:55 on next generation wearable devices powered by advanced AI agents.

1:59 So you have that going on.

2:01 As for Intel yet, Baron's reporting that the stock is

2:03 up on reported second huge chip customer and that Intel's

2:07 in talks with South Korean chip maker SKH Heinix about providing

2:10 chip packaging technology to integrate high bandwidth memory and logic chips.

2:15 That's according to that report from or a report from ZD uh ZDNet Korea.

2:20 And then remember it was just last week that Apple and Intel seemed to be

2:23 reaching an agreement an early chipmaking agreement

2:25 that came out from the Wall Street Journal.

2:27 But our own team earlier last week had given a heads up on that happening.

2:30 Just so much going on when it comes to the semiconductor.

2:34 And just real quickly, something uh a little bit different.

2:37 Ticker Mndy Monday.com Limited rallying nearly 23% intraday.

2:43 Shares rising after the more than uh $3.8 billion market cap software

2:47 company raised its fullear forecast

2:49 for both revenue and adjusted operating profits.

2:51 Stock though down about 50% year-to date.

2:54 Nearly 15% of the float is short.

2:56 stock is down more than 80% since November of 2021.

2:59 So, the longer story, not so great.

3:01 You can just see that chart right there.

3:02 But nonetheless, investors finding some interest in it on this Monday.

3:07 All right.

3:07 Well, on this Monday, I'm finding some interest in some stocks that moved lower.

3:10 I want to start with one of the worst performing

3:11 stocks in the S&P 500 on a percentage basis today.

3:14 That would go to the Trade Desk, down 6.8%.

3:17 It's it's an ad tech company and it has just been getting absolutely beat up.

3:22 It's right now trading at what about $21 a share.

3:25 You go back to uh just end of 2024.

3:29 This was a $140 stock.

3:32 So it's down just about 85% since then.

3:35 Fell again today uh this after uh

3:37 the analyst over at HSBC cut his recommendation uh

3:41 from uh to reduce from hold uh this after

3:45 earnings last week that disappointed a lot of investors.

3:47 That was back on May 7th.

3:49 Also want to look at Tyson Foods on a day

3:52 when we're expecting some moves out of Washington.

3:54 Uh the company fell by 1.9%.

3:58 The Wall Street Journal report at the White

3:59 House will temporarily cut beef import tariffs.

4:02 The president said at a Monday news conference

4:04 that he's working on getting beef prices down.

4:06 Smithfield Foods also fell today.

4:09 Uh also finally, Sally Beauty Holdings,

4:11 we just spoke to Denise Palanis, the CEO of the company.

4:14 They reported earnings earlier today.

4:17 Shares fell today.

4:18 actually had its worst day intraday going back to 2023.

4:23 Uh Sally Beauty ended up falling on the day uh in addition to um

4:29 just an outlook that didn't make that you know really investors were a little

4:33 worried about they had a good they had a good earlier quarter but investors

4:36 are worried about uh what the company said when it came to the outlook.

4:40 The company also said they're they're watching lower income consumers

4:43 uh and there's more frugality when it comes to those consumers.

4:47 All right, let's go a quick check here on yields.

4:49 This seesaw that we've been seeing in recent

4:52 sessions where you're up one day, down the next.

4:54 We're up here on the day pretty significantly here,

4:57 up about five basis points, but at 4.4 on your benchmark 10-year yield.

5:01 You see the somewhat stasis that we've been in here

5:04 uh relative to the last couple of weeks here.

5:06 That's going to be sort of a big challenge going forward.

5:09 not so much for what uh bond investors

5:11 are looking for, but equity investors of course trying

5:14 to price out the next direction and how that might

5:16 actually feed into their projections for stocks going forward.

5:21 Meanwhile, we do have some earnings crossing the wire.

5:23 Hims and Hers reporting and the big headline here

5:26 is that they're cutting their fullear adjusted IBIDA forecast.

5:30 Uh when it comes to what they see,

5:32 they now see fullear adjusted IBIDA between $275 million to $350 million.

5:38 The previous range that the company had given was between 300 to $375 million.

5:44 You can see the shares are popping right now though higher by about 8% or so.

5:49 I will also point out uh when it comes to the first quarter

5:52 adjusted or when it comes to first quarter EPS that missed estimates as well.

5:57 They also downgraded where they see second quarter adjusted IBIDA there.

6:02 So we're going to read through this and get you more

6:04 details but you can see that uh shares higher after hours.

6:07 We know that uh it's been a really rocky year for him and hers health

6:11 especially when you think about the back

6:12 and forth and now partnership with Novo Nordisk.

6:16 Absolutely.

6:16 And I want to take a look at another stock here.

6:18 Do you remember the New York Times shares you go back to like late

6:20 90s early 2000s and it was this idea that shares were just on this steady

6:24 decline and then something changed big time over uh the last few years

6:29 and a lot of that had to do with its big push into games.

6:33 Yes.

6:33 you know, crossword puzzles and of course Wordle,

6:35 which of course became a sensation there, you know,

6:38 on the paper on your app or whatever you want to call it,

6:40 is now going to be an actual game show on TV.

6:44 I love it.

6:44 Can you believe this?

6:45 I love this, too.

6:46 I got to tell you, I play it like every day.

6:48 My husband sends me it in the morning.

6:49 He plays it as soon.

6:50 Um, I don't know what your word is.

6:52 I've actually been playing it on the train

6:54 and somebody like looks over my shoulder and like,

6:56 "You got to get a better first word." I'm like, "I like my first word."

7:00 What's your first word?

7:02 Adu.

7:02 A D I E U.

7:04 Oh, that's a lot of letters.

7:05 Does that count if it's like

7:06 No, you'd be amazed at what kind of counts.

7:09 I've never quite figured out how to play this game.

7:11 Remember, this was like started by just some like random dude and then

7:13 Yeah, he sold it to the New York Times after a few months.

7:17 He did it for his girlfriend.

7:18 I think he sold it to the New York Times after a few months

7:21 after it sort of went viral for the low seven digit figure.

7:26 Seven digit.

7:28 Soouch.

7:27 Yeah.

7:28 Reminds me of, you know,

7:28 kind of when when Instagram was sold to Facebook for a billion dollars.

7:32 It seemed like a lot of money

7:33 and they've turned Facebook has turned that business into such a huge business.

7:37 The New York Times has turned Wordle into a huge business.

7:40 And and just games over anyone who has a New York Times app,

7:43 you know, it's like it's just like they're proliferating.

7:45 It's like, you know, the Little Gremlin things, you know,

7:47 you feed it after midnight and all of a sudden

7:49 you wake up and there's like 20 new games.

7:50 Carol's gaming right now.

7:51 Yeah.

7:52 Look, I go through like Wordle, I do connections, I do the mini.

7:55 Like I like Connections, right?

7:56 Like the mini.

7:57 They have the They have the the the real crossword puzzle,

8:01 you know, for smart people.

8:02 They have the mini.

8:02 Now they have what do they call it?

8:03 The the midi.

8:04 The middle one now.

8:05 Yes.

8:05 They have the mini.

8:06 It's out of control.

8:07 Exactly.

8:07 When does it stop?

8:08 I don't I don't love pips, though.

8:10 I I No.

8:11 Pips.

8:13 Whoever invented pips.

8:14 It's It's not just the New York Times.

8:16 You think about LinkedIn also introducing puzzle

8:18 games uh on their website and their app.

8:20 I actually have the LinkedIn app.

8:23 Bloomberg has the pointed quiz online which is very interesting.

8:27 Taking the world by storm.

8:28 Yeah, Alpha Dots as well.

8:31 Quite Am I getting this right that the guys are

8:33 playing the games Katie and you and I are?

8:35 Um, no, that's not true.

8:36 I feel like Roma has games that he plays,

8:38 but perhaps they're different than the games that we play.

8:41 They're cerebral.

8:42 No comment.

8:43 Sounds like you got that one right, Tim.

8:45 I don't know what you're cooking on, but you know.

8:49 All right.

8:50 Apparently, we have to go.

8:51 Oh, no.

8:52 Yeah, what a shame.

8:52 Fun and games over now, Cape.

8:55 The Stock Movers Report from Bloomberg Radio.

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