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Closing Bell: Micron and Dollar Tree Rises, Public Storage Falls | Stock Movers

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Closing Bell: Micron and Dollar Tree Rises, Public Storage Falls | Stock Movers

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150 segments

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[music]

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Bloomberg Audio Studios podcasts, radio,

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news.

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This is the closing bell on the stock

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movers report. [music] The companies

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making moves at the close of US trading

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with Carol Masser, Tim [music] Stenc,

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Roma Bostic, and Katie Grifeld.

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>> All right guys, let's go to some of the

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individual gainers if I may. Micron

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Technology up uh at its high 6.7%

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[music]

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finishing the day with a gain of about

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3.7%

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here. Also, the Philadelphia

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semiconductor index, we saw that average

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also higher on the day thanks to Micron.

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>> Now, are all these chips actually made

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in Philadelphia? [laughter]

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>> That's a great

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>> just the cheese steak ones.

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>> Okay. Yeah.

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>> Okay. I love cheese stakes, but

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>> sure thing.

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>> Uh 25 names in the socks higher today.

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Five unchanged. So Micron which reports

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on Wednesday uh shares are up uh lifted

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the group as a whole especially those

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memory and storage companies as analyst

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optimism grows ahead of the chip makers

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results later on this week. Stock is up

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around 60% year to date. Uh so we are

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watching that sector throughout the week

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and as I mentioned the socks also up

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about 2% for the day overall. Uh moving

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on over to Dollar Tree and Dollar

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General. Uh those names also higher

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today. Dollar Tree up about six and a

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half percent. Uh best day since June. Um

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this one as it's uh announced it

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strategy to introduce higher priced a

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item to uh is actually helping to

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increase its sales especially with

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wealthier shoppers. So company shifting

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merchandise and stores to sell more

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goods in a range of $3 to5 including

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toys and party supplies. That boosted

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results last quarter. So you have that

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at play. I also want to mention that the

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independent was out on Dollar General

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and that one was up about two and a

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quarter%. Uh it's introducing a new

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store format designed to encourage

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customers to browse and treasure hunt

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before they make a purchase and they're

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also planning to pilot a subscription

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program as part of its loyalty efforts

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and they're going to open up some new

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stores in 2026 focus on rural areas. So

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both of those names hire. And then for

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something a little bit different, uh,

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ticker DSGR, Distribution Solutions,

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shares soaring 35% in today's session.

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It's, uh, a $1.2 billion market cap

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industrial distribution company, and it

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received a preliminary non-binding

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proposal from LKCM, Headwater

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Investments to basically buy it for

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29.50 a share. But the stock did close

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uh, at 26 and change. So, I don't know,

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maybe investors are expecting more. I

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don't know. Anyway, I just thought it

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was something different and interesting.

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You had so many gainers to choose from.

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I envy you.

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>> You You actually would have liked me. I

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You know, remain. You don't have

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anything to add?

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>> No, Carol.

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>> What's wrong, Bailey? What's wrong with

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him?

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>> You were perfect today. [laughter]

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>> Oh, wait. What? What?

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>> That was I I didn't Okay, let's start

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with the decliners. Uh CF Industries

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down 5.6%. This is a stock that's up

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close to 60% year to date. Scotia Bank

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downgraded KN&S and warned that uh CF

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industries and nutrient valuations are

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looking quote overstretched amid the

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rally since the conflict in Iran started

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once again. Uh fertilizer stocks fell

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today. CF Industries falling by 5.6%.

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And a little M&A news for my next one.

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Uh PSA US it's public storage shares

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today fell by 2.7%. This after the

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company agreed to acquire National

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Storage Affiliates Trust. It's an all

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stock deal worth about $10.5 billion in

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including debt. The combined company

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expected to have a combined market value

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of about 57 billion and an enterprise

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value of $77 billion. And a late

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addition, this is an interesting one.

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One main holding shares. Uh this is a

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company that is in the financial

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services industry. It does provides

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personal and auto loan products. Shares

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today fell by 5.4% 4% this after New

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York Attorney General Leticia James

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along with a bipartisan coalition of 12

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other AGs filed a lawsuit against the

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company and its units for allegedly

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misleading customers and trapping

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borrowers in expensive loans uh excuse

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me with expensive and often useless

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additional products. That's what the

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suit alleges. Uh we should note that one

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main financial out with a statement they

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call this a meritless lawsuit brought by

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states and they say the state's

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allegations are simply untrue. Their

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case is wrong on the facts and wrong on

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the law and attempts to relitigate

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issues that were already reviewed by the

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CFPB and fully resolved. We operate

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honestly and transparently in full

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compliance with all laws and

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regulations. The statement uh continues,

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but that's the gist of it. Down uh 5.4%

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today. All right, a quick check on

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yields. Of course, on a day where we saw

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oil actually decline and we saw the

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dollar decline as well. In fact, the

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biggest drop that we've seen in the

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Bloomberg Dollar Spot index in about a

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month and a half. Yields following lower

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as well, about four to five basis points

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pretty much across the board ahead of

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that big Fed decision day on Wednesday.

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Interactive Summary

This Bloomberg stock movers report covers significant shifts in the US market at the close of trading. Key gainers include Micron Technology, boosted by optimism ahead of earnings, and Dollar Tree, which is seeing success with a higher-price merchandise strategy. On the downside, CF Industries fell after a downgrade, Public Storage dropped following an acquisition announcement, and OneMain Holdings faced a lawsuit from multiple state attorneys general regarding its lending practices.

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