1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,400 --> 00:00:17,720 Speaker 2: Just take a look at some of the stocks on THEE. 5 00:00:17,800 --> 00:00:20,480 Speaker 2: We can do that with bloom Mergers, Natalia, Kney, Javitali. 6 00:00:20,520 --> 00:00:21,880 Speaker 1: What are you looking at today, Hi, Paul. 7 00:00:22,079 --> 00:00:25,479 Speaker 2: Let's start with Nike. The ticker is n KEE. The 8 00:00:25,520 --> 00:00:27,800 Speaker 2: stock is down by almost two percent. We see that 9 00:00:27,880 --> 00:00:31,680 Speaker 2: pi Per Sandler downgraded the stock to neutral from overweight 10 00:00:31,760 --> 00:00:34,879 Speaker 2: on concerns about as leisure, which is a combination of 11 00:00:35,080 --> 00:00:39,160 Speaker 2: like athletic and leisure, where so the analyst is saying 12 00:00:39,200 --> 00:00:43,959 Speaker 2: that it's becoming too saturated across the industry. And also 13 00:00:44,000 --> 00:00:47,400 Speaker 2: Piper Sandler noted that despite the fact that shares reset 14 00:00:47,560 --> 00:00:52,199 Speaker 2: after the last earnings report, they're still not cheap. As 15 00:00:52,240 --> 00:00:55,280 Speaker 2: a reminder, Nike shares dropped by as much as fourteen 16 00:00:55,360 --> 00:00:59,320 Speaker 2: percent when the company reported earnings last time and disclosed 17 00:00:59,600 --> 00:01:03,040 Speaker 2: a very steep decline and sales and said that those 18 00:01:03,120 --> 00:01:07,199 Speaker 2: kind of pressure, that pressure on sales would persist during 19 00:01:07,240 --> 00:01:07,840 Speaker 2: the whole year. 20 00:01:08,240 --> 00:01:10,959 Speaker 1: The other turnaround story really not going as well as 21 00:01:11,000 --> 00:01:11,919 Speaker 1: they had hoped. 22 00:01:12,160 --> 00:01:15,119 Speaker 2: What else is on your radar? In Natalia, Core We've 23 00:01:15,160 --> 00:01:20,680 Speaker 2: shares We are watching at Core We've shares up by 24 00:01:21,160 --> 00:01:27,160 Speaker 2: thirteen almost guys fourteen percent the tickets see our WV. 25 00:01:27,840 --> 00:01:30,760 Speaker 2: We got the news that Anthropic agreed to rent data 26 00:01:30,800 --> 00:01:33,640 Speaker 2: center capacity from core With as a part of its 27 00:01:33,640 --> 00:01:37,720 Speaker 2: effort to train cloud AI models. And it comes a 28 00:01:37,840 --> 00:01:42,520 Speaker 2: day after Core We've disclosed another deal with Meta Platforms. 29 00:01:42,840 --> 00:01:46,120 Speaker 2: It's a much bigger, one twenty one billion dollar deal 30 00:01:46,160 --> 00:01:50,480 Speaker 2: to supply computing power to Matter through twenty twenty three. However, 31 00:01:50,640 --> 00:01:53,280 Speaker 2: keep in mind that also Core We've disclosed that it's 32 00:01:53,320 --> 00:01:57,400 Speaker 2: going to sell convertible bonds, and to some analysts investors, 33 00:01:57,400 --> 00:01:59,680 Speaker 2: this is kind of a concerning signal because core with 34 00:02:00,120 --> 00:02:02,440 Speaker 2: has a pretty large amount of debt and the company 35 00:02:02,560 --> 00:02:09,160 Speaker 2: is still generating negative income. And finally, shakesheck shake Shock. Yes, 36 00:02:09,240 --> 00:02:13,640 Speaker 2: so Mizuho raised recommendation to Shake Shock to outperform from neutral. 37 00:02:13,680 --> 00:02:18,440 Speaker 2: The stock is up by two percent. The ticker is shakey. 38 00:02:19,400 --> 00:02:23,720 Speaker 2: The analyst cited some positive growth trends across same store 39 00:02:23,800 --> 00:02:28,760 Speaker 2: sales and also mentioned other catalysts like hire tax refunds 40 00:02:28,800 --> 00:02:30,160 Speaker 2: and the World Cup. 41 00:02:31,360 --> 00:02:35,360 Speaker 1: The stock mover's report from Bloomberg Radio. Check back with 42 00:02:35,480 --> 00:02:38,040 Speaker 1: us throughout the day for the latest roundup of companies 43 00:02:38,120 --> 00:02:41,200 Speaker 1: making news on Wall Street, and for the latest market 44 00:02:41,240 --> 00:02:45,720 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 45 00:02:45,800 --> 00:02:49,280 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 46 00:02:49,360 --> 00:02:50,840 Speaker 1: the Bloomberg Business app.