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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look at stocks on the move and the companies watch today. We have Bailey Lipshots, who is Bloomberg News senior equities reporter in the studio with us Bailey. Shall we start with HB disappointment over those memory prices.
Disappointment over the memory prices. Though the stock right now is flat, so maybe not a big mover today, but on an inter day basis had traded down as much as three and a half percent, as much as up as five and a half percent, so by the time I finished speaking, it'll probably be taking a different direction.
But as you mentioned, pretty strong earnings all things considered, but calling out the impact of memory costs hitting the company throughout fiscal twenty six going into twenty twenty seven. A lot of interest in spending, obviously, but when the companies making these memory chips aren't able to pump them out fast enough, leads to high prices. So HP management saying earnings will be at the low end of guidance. This is a company over the last twelve months, down
forty six percent. So one of the big losers.
Yeah, wow, circle, one of the big winners, right, let's go to your CrCL circle in the stable coin space right now up more than eighteen percent, biggest jump since September.
This is a company that has seen shares rally by more than one hundred and thirty percent since going public back in June. Quarterly profit beating expectations, stable coin demand pretty much through the roof. This is a company who has a flagship stablecoin USDC. According to their earnings, twenty twenty five ended with about seventy five billion dollars in circulation.
That's up seventy two percent. Big thing with stable coins is if you're investing in crypto, you buy bitcoin, you buy ethereum, you have to take your US dollar and put it into something, so typically goes into stable coins. As we see sharp sell offs in the likes of Ethereum, Ripple and Bitcoin investors or traders taking those dollars or bitcoin and putting them into USDC. So one of the
small winners in this selloff. But again right now up about seventeen percent, still though nowhere near its peak, right now around seventy two bucks a share was north of two hundred and sixty back in June.
Yeah, well, good on them, because crypto has been a challenging space for the last couple of months. Let's talk about the First Solar again, disappointing net sales outlook waiting those shares today.
Yeah, company talking down expectations for the year going forward, issues around production, issues around certainty around demand. Obviously the administration here in the US not really leaning into clean tech like solar panels. So First Solar ticker FSLR right now down about fourteen percent, so that's trading at the lowest level seid September. Still up more than forty percent on the trailing twelve month basis, but a lot of uncertainty and a lot of chop around what the near
term outlook looks like here in twenty twenty six. With our Bloomberg Intelligence analysts being more bullish on the long term story, so maybe a buying opportunity, but still a lot to grapple with as it relates to solar panels being distributed and installed in the US.
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