1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:17,040 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,239 --> 00:00:19,480 Speaker 3: I am Carol Masser along with Tim Staneveek. Let's take 5 00:00:19,480 --> 00:00:20,640 Speaker 3: a look at some stocks on the move. 6 00:00:20,800 --> 00:00:24,160 Speaker 1: We are joined by Bloomberg Crossasset reporter Isabelle Lee A 7 00:00:24,239 --> 00:00:26,160 Speaker 1: and f We're gonna start with Abercromby and Fitch. 8 00:00:26,320 --> 00:00:29,200 Speaker 4: Abercrombie and Fitch. So the stock gained almost seven percent. 9 00:00:29,280 --> 00:00:31,720 Speaker 4: That's after JP Morgan boost its price target on the 10 00:00:31,760 --> 00:00:34,320 Speaker 4: retailer to one hundred and fifty one dollars and that's 11 00:00:34,320 --> 00:00:37,520 Speaker 4: a street high. So JP Morgan sided strength across categories 12 00:00:37,760 --> 00:00:41,080 Speaker 4: and potential for sequential improvement in same story sales. 13 00:00:40,800 --> 00:00:43,280 Speaker 3: Like fifty bucks higher from where we are. 14 00:00:43,479 --> 00:00:46,479 Speaker 4: But you know what, I'm digging it because I like 15 00:00:46,560 --> 00:00:50,080 Speaker 4: aber Crombie and Fitch. Now I personally shop there and wait, 16 00:00:50,159 --> 00:00:51,440 Speaker 4: I'm wait wait wait wait, but. 17 00:00:51,400 --> 00:00:55,640 Speaker 1: Now she said, now, she says, about is unbelievably fashionable. 18 00:00:55,880 --> 00:00:57,160 Speaker 3: She walks through the newsroom. 19 00:00:57,200 --> 00:01:02,160 Speaker 4: We're all just like in awe so kind like now 20 00:01:02,280 --> 00:01:07,120 Speaker 4: that you can buy office clothes, dilish clothes before my concept, 21 00:01:07,280 --> 00:01:10,480 Speaker 4: my conception or misconception of them could be wrong or right. 22 00:01:10,959 --> 00:01:14,560 Speaker 4: Was like casual stuff. But now you can get smart clothes. 23 00:01:14,760 --> 00:01:16,520 Speaker 4: I like them and I recommend them from my friends. 24 00:01:16,920 --> 00:01:18,960 Speaker 4: I have a date night dress from them. 25 00:01:19,400 --> 00:01:20,319 Speaker 3: Can you believe that? 26 00:01:20,800 --> 00:01:21,880 Speaker 4: You wouldn't have thought that. 27 00:01:22,000 --> 00:01:22,640 Speaker 3: I believe it. 28 00:01:23,240 --> 00:01:25,920 Speaker 4: So the analyst is really bullish on that, and they 29 00:01:26,000 --> 00:01:28,920 Speaker 4: maintain an overweight rating. To your point, they increase of 30 00:01:28,959 --> 00:01:31,880 Speaker 4: price target. It's the highest among those compiled by Bloomberg. 31 00:01:31,959 --> 00:01:34,400 Speaker 3: Stock is still down thirty four percent year to date though. 32 00:01:34,800 --> 00:01:38,680 Speaker 4: Yeah, so maybe seven percent today though at least okay, 33 00:01:38,680 --> 00:01:39,800 Speaker 4: so better than it was. 34 00:01:41,240 --> 00:01:45,240 Speaker 1: Let's talk about the semiconductor space, because chips were definitely. 35 00:01:44,760 --> 00:01:46,120 Speaker 3: An outperformer as a whole. 36 00:01:46,160 --> 00:01:51,360 Speaker 1: The Philadelphia Semiconductor Index easily outperforming the broader market today. 37 00:01:51,440 --> 00:01:54,240 Speaker 4: So ASML is up around four percent and other European 38 00:01:54,280 --> 00:01:57,440 Speaker 4: semiconductor equipment socks. To your point, they gained because their 39 00:01:57,520 --> 00:02:00,600 Speaker 4: key customer, Samsung want a contract to make a chips 40 00:02:00,600 --> 00:02:03,240 Speaker 4: for Tesla, and so this is a sixteen point five 41 00:02:03,320 --> 00:02:06,440 Speaker 4: billion dollar deal. It's a crucial win for the underperforming 42 00:02:06,440 --> 00:02:09,080 Speaker 4: foundry division. And note that because of the lack of 43 00:02:09,080 --> 00:02:12,839 Speaker 4: demand from two key clients Samsung and Intel, ASML has 44 00:02:12,880 --> 00:02:15,480 Speaker 4: really dragged over a year over your last year, so 45 00:02:15,560 --> 00:02:17,119 Speaker 4: this is a big win for them. And also there's 46 00:02:17,160 --> 00:02:21,560 Speaker 4: a USU trade agreement that exempts Tireff on semiconductor equipment. Again, 47 00:02:21,760 --> 00:02:24,000 Speaker 4: another boost for the stock. So now it's edging higherber 48 00:02:24,080 --> 00:02:24,919 Speaker 4: almost four percent. 49 00:02:25,400 --> 00:02:27,560 Speaker 3: Yeah, a big big boo boost certainly for that. 50 00:02:28,440 --> 00:02:32,399 Speaker 1: And just buy it, just buy it, just buy it, 51 00:02:32,080 --> 00:02:34,680 Speaker 1: just do it, just buy it. 52 00:02:34,720 --> 00:02:36,919 Speaker 5: We're talking about Nike shares hire today too. 53 00:02:37,400 --> 00:02:38,560 Speaker 4: Shares up four percent. 54 00:02:38,639 --> 00:02:40,520 Speaker 3: That's the highest since at least. 55 00:02:40,400 --> 00:02:44,320 Speaker 4: February twenty twenty five, if my sins since function is correct. 56 00:02:44,520 --> 00:02:48,240 Speaker 4: So shares rose because JP Morgan again upgraded the stock 57 00:02:48,320 --> 00:02:53,440 Speaker 4: to overweight. They cited Nike's five pronged multi year recovery plan. 58 00:02:53,800 --> 00:02:56,240 Speaker 4: So the analyst there notes that the recovery path will 59 00:02:56,280 --> 00:02:58,880 Speaker 4: equate to a positive EPs growth and the high teens 60 00:02:58,880 --> 00:03:03,040 Speaker 4: to twenty percent through twenty twenty twenty thirty full year. Wow, 61 00:03:03,080 --> 00:03:06,080 Speaker 4: twenty twenty thirty, it's twenty thirty full year. So the 62 00:03:06,120 --> 00:03:11,560 Speaker 4: recovery plan includes global inventory alignment, sales growth, accelerating momentum, 63 00:03:11,760 --> 00:03:14,080 Speaker 4: et cetera. So now the price target is set to 64 00:03:14,160 --> 00:03:17,040 Speaker 4: ninety three from sixty four dollars, so that's also a 65 00:03:17,080 --> 00:03:20,000 Speaker 4: big jump, So just do it by jacking. 66 00:03:20,120 --> 00:03:21,120 Speaker 3: You know, it's interesting too. 67 00:03:21,160 --> 00:03:22,520 Speaker 1: I was just looking at the stock, and we know 68 00:03:22,600 --> 00:03:24,480 Speaker 1: we've all been talking about this for I feel like 69 00:03:24,480 --> 00:03:26,560 Speaker 1: a few years, some of the struggles. 70 00:03:26,560 --> 00:03:28,440 Speaker 3: But it lost thirty percent. 71 00:03:28,400 --> 00:03:30,959 Speaker 1: Last year twenty twenty four, it lost seven percent, and 72 00:03:31,000 --> 00:03:33,560 Speaker 1: twenty twenty three and it lost it looks like almost 73 00:03:33,639 --> 00:03:36,920 Speaker 1: thirty percent and twenty twenty two, So three consecutive down years. 74 00:03:36,920 --> 00:03:39,120 Speaker 3: It's really been some rough going. 75 00:03:39,080 --> 00:03:41,680 Speaker 4: I feel like because the space has gotten so competitive. 76 00:03:41,720 --> 00:03:43,800 Speaker 4: I mean before it was just Adidas or Nike, but 77 00:03:43,840 --> 00:03:46,480 Speaker 4: now there's so many other brands. Bluewern Intelligence came out 78 00:03:46,520 --> 00:03:49,160 Speaker 4: with a note saying that sponsorship and collaborations of Nike 79 00:03:49,320 --> 00:03:51,280 Speaker 4: is helping boost it. I mean, I guess it really 80 00:03:51,320 --> 00:03:53,040 Speaker 4: depends on who endorses you. 81 00:03:53,240 --> 00:03:55,760 Speaker 3: And China sales writer always it back to you for 82 00:03:55,840 --> 00:03:56,440 Speaker 3: this company. 83 00:03:56,640 --> 00:03:59,880 Speaker 5: I mean what I mean you mentioned that what the 84 00:04:00,280 --> 00:04:02,840 Speaker 5: what stock has done over the last few years. That's 85 00:04:02,960 --> 00:04:05,800 Speaker 5: why John Donahoe is no longer CEO of Nike, and 86 00:04:05,800 --> 00:04:10,360 Speaker 5: now Elliott Hill, who has started back in October and 87 00:04:10,440 --> 00:04:13,080 Speaker 5: came back to Nike to try to bring it back 88 00:04:13,080 --> 00:04:16,040 Speaker 5: to its sort of days of glory of your I mean. 89 00:04:15,920 --> 00:04:17,800 Speaker 1: It's such a great brand because you think about it 90 00:04:17,880 --> 00:04:20,920 Speaker 1: when you think of iconic brands and very clear. 91 00:04:21,320 --> 00:04:24,880 Speaker 5: It's a different world now, yeah, with a leisure but. 92 00:04:24,839 --> 00:04:26,000 Speaker 3: They have the best ads. 93 00:04:26,080 --> 00:04:27,839 Speaker 4: I must say. It always tugs at your heart. It 94 00:04:27,920 --> 00:04:30,839 Speaker 4: always like motivates you to be better soldier. 95 00:04:30,960 --> 00:04:32,920 Speaker 3: I know I want to check out the abercrom and fit. 96 00:04:33,480 --> 00:04:38,080 Speaker 5: You should there is Remember there's the this one firm 97 00:04:38,279 --> 00:04:42,800 Speaker 5: in Portland, Oregon, Widen and Kennedy that has historically been 98 00:04:43,120 --> 00:04:47,479 Speaker 5: retained by Nike to do their ads. And this is 99 00:04:47,480 --> 00:04:51,680 Speaker 5: a it's a powerhouse copy front like copy editing and 100 00:04:51,720 --> 00:04:53,719 Speaker 5: copywriting and advertising firm. 101 00:04:53,800 --> 00:04:54,440 Speaker 3: Well done right. 102 00:04:54,520 --> 00:04:57,760 Speaker 1: Yeah, they're the ones and that have gone the distance 103 00:04:58,000 --> 00:05:00,040 Speaker 1: right in terms of it of things. 104 00:05:01,800 --> 00:05:06,040 Speaker 2: The Stockmover's Report from Bloomberg Radio. 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