1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,120 --> 00:00:19,160 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,200 --> 00:00:22,479 Speaker 3: I'm Nathan Hager, joined now by Bloomberg's Valerie Titel on 6 00:00:22,560 --> 00:00:27,040 Speaker 3: a broadly positive Friday morning. Valerie apologies in advance. Nike 7 00:00:28,080 --> 00:00:29,800 Speaker 3: just did it good money. 8 00:00:30,000 --> 00:00:33,320 Speaker 1: Yes they did, Yes they did. Nike sharers are absolutely 9 00:00:33,360 --> 00:00:36,839 Speaker 1: flying this morning, up nearly ten percent so far in 10 00:00:37,080 --> 00:00:41,040 Speaker 1: pre market trade. This came after it signaled its year 11 00:00:41,280 --> 00:00:44,360 Speaker 1: long sales slump is starting to ease. In its earning 12 00:00:44,400 --> 00:00:47,920 Speaker 1: release after the bell yesterday, the new CEO, Elliott Hill, 13 00:00:48,080 --> 00:00:51,080 Speaker 1: saying there is a clear path to recovery ahead of 14 00:00:51,159 --> 00:00:53,479 Speaker 1: US sales are expected to dip this current quarter, but 15 00:00:53,560 --> 00:00:57,120 Speaker 1: by much less than expected, and Nike is also taking 16 00:00:57,160 --> 00:01:00,720 Speaker 1: steps to offset about a billion dollars of costs by 17 00:01:00,800 --> 00:01:05,919 Speaker 1: raising prices and cutting back on manufacturing in China. But boy, Nathan, 18 00:01:05,959 --> 00:01:10,880 Speaker 1: it has had an impact on the global sports apparel sector. 19 00:01:11,360 --> 00:01:13,959 Speaker 1: Lululemon also rising on the back of this, up one 20 00:01:13,959 --> 00:01:16,640 Speaker 1: and a half percent, Dick's Sporting Goods up two point 21 00:01:16,720 --> 00:01:19,400 Speaker 1: two percent. Over in Europe, you have the likes of 22 00:01:19,440 --> 00:01:22,480 Speaker 1: Puma and Adidas both up by around four percent, and 23 00:01:22,600 --> 00:01:25,600 Speaker 1: JD Sports in London up around seven percent, So it 24 00:01:25,640 --> 00:01:29,760 Speaker 1: is giving a boost to the global sports apparel sector 25 00:01:29,800 --> 00:01:33,080 Speaker 1: this morning. That's Nike up nine point three percent this morning. 26 00:01:33,240 --> 00:01:36,560 Speaker 3: Wow, and certainly giving a boost SMP five hundred futures 27 00:01:36,760 --> 00:01:40,440 Speaker 3: as well. Let's talk about some other stocks moving on 28 00:01:40,480 --> 00:01:42,240 Speaker 3: the upside. Not a whole lot of red to talk 29 00:01:42,240 --> 00:01:46,960 Speaker 3: about this morning, but Amazon getting some love from analysts. 30 00:01:47,120 --> 00:01:47,320 Speaker 2: Yeah. 31 00:01:47,360 --> 00:01:50,720 Speaker 1: Amazon is up one percent pre market trade, leading the 32 00:01:50,760 --> 00:01:54,840 Speaker 1: Magnificent seven US tech stocks after receiving an upgrade from 33 00:01:54,960 --> 00:01:58,960 Speaker 1: BNP periboz Xayan. The analysts view the company as most 34 00:01:59,040 --> 00:02:03,240 Speaker 1: likely to meet or beat consensus profit expectations through twenty 35 00:02:03,400 --> 00:02:07,640 Speaker 1: thirty among the hyper scalers, alongside at Microsoft. So Amazon 36 00:02:07,680 --> 00:02:11,200 Speaker 1: is leading tech shares higher this morning. Note that the 37 00:02:11,280 --> 00:02:14,800 Speaker 1: Nasdaq one hundred has made multiple record highs this week. 38 00:02:14,840 --> 00:02:18,240 Speaker 1: It looks like it's set to make another one later today, 39 00:02:18,280 --> 00:02:20,880 Speaker 1: with Amazon rising one percent in the pre market, but. 40 00:02:20,840 --> 00:02:23,840 Speaker 3: Also in the Magnificent seven. The most actively traded stock 41 00:02:23,919 --> 00:02:27,520 Speaker 3: in the pre market this morning, in Vidia, still adding 42 00:02:27,520 --> 00:02:31,000 Speaker 3: to its gains even after reclaiming the crown as the 43 00:02:31,040 --> 00:02:33,880 Speaker 3: most valuable company in the world. I mean, you got 44 00:02:33,880 --> 00:02:36,600 Speaker 3: to ask, how much more can this stock go? 45 00:02:37,120 --> 00:02:40,000 Speaker 1: Yeah, Navidia rising over half of percent this morning, out 46 00:02:40,040 --> 00:02:43,320 Speaker 1: performing the Nasdaq one hundred so far in pre market trade. 47 00:02:43,320 --> 00:02:45,800 Speaker 1: But a lot of the chatter now is about this 48 00:02:45,919 --> 00:02:49,120 Speaker 1: recent breakout higher for Navidia is putting that four trillion 49 00:02:49,280 --> 00:02:52,760 Speaker 1: market cap value within reach. Current market cap value as 50 00:02:52,800 --> 00:02:56,560 Speaker 1: of last night's close was three spots seven to eight trillion, 51 00:02:56,600 --> 00:02:59,320 Speaker 1: make it not the world's most valuable company, but as 52 00:02:59,320 --> 00:03:01,760 Speaker 1: well could also would become the first company in the 53 00:03:01,760 --> 00:03:05,000 Speaker 1: world to reach a four trillion market cap as comes 54 00:03:05,000 --> 00:03:08,680 Speaker 1: after its shares rallied some sixty four percent cent the 55 00:03:08,720 --> 00:03:11,760 Speaker 1: lows back in April. I don't want to jinkx it. It 56 00:03:11,720 --> 00:03:14,120 Speaker 1: still does have another six percent to go to reach 57 00:03:14,160 --> 00:03:16,240 Speaker 1: that four trillion dollar mark, but it seems to be 58 00:03:16,240 --> 00:03:18,919 Speaker 1: beating out Microsoft and Apple at the moment. 59 00:03:20,480 --> 00:03:24,600 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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