WEBVTT - Nike Results; Amazon Upgrade; Nvidia Nears Record

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers podcast, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined now by Bloomberg's Valerie Titel on

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<v Speaker 3>a broadly positive Friday morning. Valerie apologies in advance. Nike

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<v Speaker 3>just did it good money.

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<v Speaker 1>Yes they did, Yes they did. Nike sharers are absolutely

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<v Speaker 1>flying this morning, up nearly ten percent so far in

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<v Speaker 1>pre market trade. This came after it signaled its year

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<v Speaker 1>long sales slump is starting to ease. In its earning

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<v Speaker 1>release after the bell yesterday, the new CEO, Elliott Hill,

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<v Speaker 1>saying there is a clear path to recovery ahead of

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<v Speaker 1>US sales are expected to dip this current quarter, but

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<v Speaker 1>by much less than expected, and Nike is also taking

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<v Speaker 1>steps to offset about a billion dollars of costs by

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<v Speaker 1>raising prices and cutting back on manufacturing in China. But boy, Nathan,

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<v Speaker 1>it has had an impact on the global sports apparel sector.

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<v Speaker 1>Lululemon also rising on the back of this, up one

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<v Speaker 1>and a half percent, Dick's Sporting Goods up two point

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<v Speaker 1>two percent. Over in Europe, you have the likes of

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<v Speaker 1>Puma and Adidas both up by around four percent, and

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<v Speaker 1>JD Sports in London up around seven percent, So it

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<v Speaker 1>is giving a boost to the global sports apparel sector

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<v Speaker 1>this morning. That's Nike up nine point three percent this morning.

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<v Speaker 3>Wow, and certainly giving a boost SMP five hundred futures

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<v Speaker 3>as well. Let's talk about some other stocks moving on

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<v Speaker 3>the upside. Not a whole lot of red to talk

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<v Speaker 3>about this morning, but Amazon getting some love from analysts.

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<v Speaker 2>Yeah.

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<v Speaker 1>Amazon is up one percent pre market trade, leading the

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<v Speaker 1>Magnificent seven US tech stocks after receiving an upgrade from

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<v Speaker 1>BNP periboz Xayan. The analysts view the company as most

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<v Speaker 1>likely to meet or beat consensus profit expectations through twenty

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<v Speaker 1>thirty among the hyper scalers, alongside at Microsoft. So Amazon

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<v Speaker 1>is leading tech shares higher this morning. Note that the

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<v Speaker 1>Nasdaq one hundred has made multiple record highs this week.

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<v Speaker 1>It looks like it's set to make another one later today,

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<v Speaker 1>with Amazon rising one percent in the pre market, but.

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<v Speaker 3>Also in the Magnificent seven. The most actively traded stock

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<v Speaker 3>in the pre market this morning, in Vidia, still adding

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<v Speaker 3>to its gains even after reclaiming the crown as the

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<v Speaker 3>most valuable company in the world. I mean, you got

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<v Speaker 3>to ask, how much more can this stock go?

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<v Speaker 1>Yeah, Navidia rising over half of percent this morning, out

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<v Speaker 1>performing the Nasdaq one hundred so far in pre market trade.

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<v Speaker 1>But a lot of the chatter now is about this

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<v Speaker 1>recent breakout higher for Navidia is putting that four trillion

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<v Speaker 1>market cap value within reach. Current market cap value as

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<v Speaker 1>of last night's close was three spots seven to eight trillion,

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<v Speaker 1>make it not the world's most valuable company, but as

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<v Speaker 1>well could also would become the first company in the

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<v Speaker 1>world to reach a four trillion market cap as comes

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<v Speaker 1>after its shares rallied some sixty four percent cent the

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<v Speaker 1>lows back in April. I don't want to jinkx it. It

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<v Speaker 1>still does have another six percent to go to reach

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<v Speaker 1>that four trillion dollar mark, but it seems to be

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<v Speaker 1>beating out Microsoft and Apple at the moment.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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