Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data.
Speaker 2: Just take a look at some of the stocks on THEE.
Speaker 2: We can do that with bloom Mergers, Natalia, Kney, Javitali.
Speaker 1: What are you looking at today, Hi, Paul.
Speaker 2: Let's start with Nike. The ticker is n KEE. The
Speaker 2: stock is down by almost two percent. We see that
Speaker 2: pi Per Sandler downgraded the stock to neutral from overweight
Speaker 2: on concerns about as leisure, which is a combination of
Speaker 2: like athletic and leisure, where so the analyst is saying
Speaker 2: that it's becoming too saturated across the industry. And also
Speaker 2: Piper Sandler noted that despite the fact that shares reset
Speaker 2: after the last earnings report, they're still not cheap. As
Speaker 2: a reminder, Nike shares dropped by as much as fourteen
Speaker 2: percent when the company reported earnings last time and disclosed
Speaker 2: a very steep decline and sales and said that those
Speaker 2: kind of pressure, that pressure on sales would persist during
Speaker 2: the whole year.
Speaker 1: The other turnaround story really not going as well as
Speaker 1: they had hoped.
Speaker 2: What else is on your radar? In Natalia, Core We've
Speaker 2: shares We are watching at Core We've shares up by
Speaker 2: thirteen almost guys fourteen percent the tickets see our WV.
Speaker 2: We got the news that Anthropic agreed to rent data
Speaker 2: center capacity from core With as a part of its
Speaker 2: effort to train cloud AI models. And it comes a
Speaker 2: day after Core We've disclosed another deal with Meta Platforms.
Speaker 2: It's a much bigger, one twenty one billion dollar deal
Speaker 2: to supply computing power to Matter through twenty twenty three. However,
Speaker 2: keep in mind that also Core We've disclosed that it's
Speaker 2: going to sell convertible bonds, and to some analysts investors,
Speaker 2: this is kind of a concerning signal because core with
Speaker 2: has a pretty large amount of debt and the company
Speaker 2: is still generating negative income. And finally, shakesheck shake Shock. Yes,
Speaker 2: so Mizuho raised recommendation to Shake Shock to outperform from neutral.
Speaker 2: The stock is up by two percent. The ticker is shakey.
Speaker 2: The analyst cited some positive growth trends across same store
Speaker 2: sales and also mentioned other catalysts like hire tax refunds
Speaker 2: and the World Cup.
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