Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined now by Bloomberg's Valerie Titel on
Speaker 3: a broadly positive Friday morning. Valerie apologies in advance. Nike
Speaker 3: just did it good money.
Speaker 1: Yes they did, Yes they did. Nike sharers are absolutely
Speaker 1: flying this morning, up nearly ten percent so far in
Speaker 1: pre market trade. This came after it signaled its year
Speaker 1: long sales slump is starting to ease. In its earning
Speaker 1: release after the bell yesterday, the new CEO, Elliott Hill,
Speaker 1: saying there is a clear path to recovery ahead of
Speaker 1: US sales are expected to dip this current quarter, but
Speaker 1: by much less than expected, and Nike is also taking
Speaker 1: steps to offset about a billion dollars of costs by
Speaker 1: raising prices and cutting back on manufacturing in China. But boy, Nathan,
Speaker 1: it has had an impact on the global sports apparel sector.
Speaker 1: Lululemon also rising on the back of this, up one
Speaker 1: and a half percent, Dick's Sporting Goods up two point
Speaker 1: two percent. Over in Europe, you have the likes of
Speaker 1: Puma and Adidas both up by around four percent, and
Speaker 1: JD Sports in London up around seven percent, So it
Speaker 1: is giving a boost to the global sports apparel sector
Speaker 1: this morning. That's Nike up nine point three percent this morning.
Speaker 3: Wow, and certainly giving a boost SMP five hundred futures
Speaker 3: as well. Let's talk about some other stocks moving on
Speaker 3: the upside. Not a whole lot of red to talk
Speaker 3: about this morning, but Amazon getting some love from analysts.
Speaker 2: Yeah.
Speaker 1: Amazon is up one percent pre market trade, leading the
Speaker 1: Magnificent seven US tech stocks after receiving an upgrade from
Speaker 1: BNP periboz Xayan. The analysts view the company as most
Speaker 1: likely to meet or beat consensus profit expectations through twenty
Speaker 1: thirty among the hyper scalers, alongside at Microsoft. So Amazon
Speaker 1: is leading tech shares higher this morning. Note that the
Speaker 1: Nasdaq one hundred has made multiple record highs this week.
Speaker 1: It looks like it's set to make another one later today,
Speaker 1: with Amazon rising one percent in the pre market, but.
Speaker 3: Also in the Magnificent seven. The most actively traded stock
Speaker 3: in the pre market this morning, in Vidia, still adding
Speaker 3: to its gains even after reclaiming the crown as the
Speaker 3: most valuable company in the world. I mean, you got
Speaker 3: to ask, how much more can this stock go?
Speaker 1: Yeah, Navidia rising over half of percent this morning, out
Speaker 1: performing the Nasdaq one hundred so far in pre market trade.
Speaker 1: But a lot of the chatter now is about this
Speaker 1: recent breakout higher for Navidia is putting that four trillion
Speaker 1: market cap value within reach. Current market cap value as
Speaker 1: of last night's close was three spots seven to eight trillion,
Speaker 1: make it not the world's most valuable company, but as
Speaker 1: well could also would become the first company in the
Speaker 1: world to reach a four trillion market cap as comes
Speaker 1: after its shares rallied some sixty four percent cent the
Speaker 1: lows back in April. I don't want to jinkx it. It
Speaker 1: still does have another six percent to go to reach
Speaker 1: that four trillion dollar mark, but it seems to be
Speaker 1: beating out Microsoft and Apple at the moment.
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with
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