Bloomberg Audio Studios, podcasts, radio News, 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 some stocks on the move today. Alexis Christophorus was some of the choice marshals out there this morning. Yeah, I want to start and bounce off what you were just talking about with metals, the metals market, because Newmont Mining, I'm looking at it right now. S and P five hundred's worst performer ahead of the opening bell down about nine percent. SSR Mining down about eight percent, So they're trading significantly lower here due to that decline
you guys are just talking about in gold prices. You know that, I guess in combination with central bank policy we heard yesterday. You know, the Fed's going to sit on its hands, probably for longer than many had hoped. Now some are not even factoring in a rate cut this year. We heard from the Bank of London today as well. Also stand pat on interest rates. And then of course the backdrop to all of this is the war and of the geopolitical dynamics that are going on.
So important to note here that we still have Newmont Mining up one hundred and twenty two percent year to date. Yep, there you go. So I mean, because it's been riding the coattails of what's been happening with precious metals and gold in particular, very good. What else scat fors today? Five below? So this is I'm doing a hard turn and talking about a team focused retailer, which I don't know if you guys have stepped foot in a five below No cu Okay, well a lot of people are.
Holiday shoppers responded to an improved assortment, apparently greater social media marketing, and a better overall in store experience. So five below now out with a better than expected fiscal outlook, predicting a sales bump thanks to new store openings. It's going to be opening about one hundred and fifty new stores this year. So we've got shares of five below up about six percent months. Why don't you tell us
about this earlier? Trailing twelve wants to stacks up one hundred and eighty percent?
Wow, people, so Lisa used to do that.
Lisa would give us stock tips.
Yeah, Alexis doesn't.
I can't get close to the Yeah, what else to you right, Micron Technology, it's taking I you know, could we say just a much needed breather here. It's down about six percent, but it's up three hundred and fifty two percent in just the past year. So we know that our earnings last quarter beat right Blue pass estimates on both the top and bottom line. But what investors are honing in on is this capital spending now expected
to exceed twenty five billion dollars this fiscal year. Why they have They're trying to keep up with this insatiable appetite for memory chips.
This stock mover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Enroid Auto with the Bloomberg Business app. Mm hmm