WEBVTT - Nike Falls, CoreWeave Gains, Shake Shack Rises After Being Raised to Outperform at Mizuho

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data.

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<v Speaker 2>Just take a look at some of the stocks on THEE.

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<v Speaker 2>We can do that with bloom Mergers, Natalia, Kney, Javitali.

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<v Speaker 1>What are you looking at today, Hi, Paul.

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<v Speaker 2>Let's start with Nike. The ticker is n KEE. The

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<v Speaker 2>stock is down by almost two percent. We see that

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<v Speaker 2>pi Per Sandler downgraded the stock to neutral from overweight

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<v Speaker 2>on concerns about as leisure, which is a combination of

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<v Speaker 2>like athletic and leisure, where so the analyst is saying

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<v Speaker 2>that it's becoming too saturated across the industry. And also

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<v Speaker 2>Piper Sandler noted that despite the fact that shares reset

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<v Speaker 2>after the last earnings report, they're still not cheap. As

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<v Speaker 2>a reminder, Nike shares dropped by as much as fourteen

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<v Speaker 2>percent when the company reported earnings last time and disclosed

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<v Speaker 2>a very steep decline and sales and said that those

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<v Speaker 2>kind of pressure, that pressure on sales would persist during

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<v Speaker 2>the whole year.

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<v Speaker 1>The other turnaround story really not going as well as

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<v Speaker 1>they had hoped.

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<v Speaker 2>What else is on your radar? In Natalia, Core We've

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<v Speaker 2>shares We are watching at Core We've shares up by

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<v Speaker 2>thirteen almost guys fourteen percent the tickets see our WV.

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<v Speaker 2>We got the news that Anthropic agreed to rent data

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<v Speaker 2>center capacity from core With as a part of its

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<v Speaker 2>effort to train cloud AI models. And it comes a

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<v Speaker 2>day after Core We've disclosed another deal with Meta Platforms.

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<v Speaker 2>It's a much bigger, one twenty one billion dollar deal

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<v Speaker 2>to supply computing power to Matter through twenty twenty three. However,

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<v Speaker 2>keep in mind that also Core We've disclosed that it's

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<v Speaker 2>going to sell convertible bonds, and to some analysts investors,

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<v Speaker 2>this is kind of a concerning signal because core with

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<v Speaker 2>has a pretty large amount of debt and the company

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<v Speaker 2>is still generating negative income. And finally, shakesheck shake Shock. Yes,

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<v Speaker 2>so Mizuho raised recommendation to Shake Shock to outperform from neutral.

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<v Speaker 2>The stock is up by two percent. The ticker is shakey.

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<v Speaker 2>The analyst cited some positive growth trends across same store

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<v Speaker 2>sales and also mentioned other catalysts like hire tax refunds

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<v Speaker 2>and the World Cup.

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<v Speaker 1>The stock mover's report from Bloomberg Radio. Check back with

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