WEBVTT - Nike Falls, FedEx Sinks, KB Home Falls on Earnings 

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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, Let's take a look

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<v Speaker 1>at some of the stocks on the move today. We're

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<v Speaker 1>joined by Bloomberg's Markets correspondent Nora Me Linda Nor. What

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<v Speaker 1>are you looking at today?

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<v Speaker 2>Lots of green on the screen today, but I'm gonna

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<v Speaker 2>give you some names in the red. I'm looking at

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<v Speaker 2>shares of Nike. That's ticker INKE. This was an earnings

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<v Speaker 2>report that we received last night. We are seeing shares

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<v Speaker 2>lower down about nine percent right now as we speak,

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<v Speaker 2>this after the company is really warning that sales would

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<v Speaker 2>decline this quarter. They're talking about weakness both in China

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<v Speaker 2>and its Converse brand. I completely forgot they own Converse. Yes,

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<v Speaker 2>see what I thought that was the thing, right? I

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<v Speaker 2>thought everyone was wearing Chuck Taylor's. Apparently not so much.

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<v Speaker 2>They're saying that sales plunged thirty percent in the last

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<v Speaker 2>latest quarter. Greater China was down about seventeen percent. So

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<v Speaker 2>I don't know, maybe they need another comeback story here

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<v Speaker 2>for the Chuck Taylors.

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<v Speaker 3>Ye Well, I'm loyal to my Chuck Taylor's he's speaking

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<v Speaker 3>of comeback stories. There you go. Speaking of comebackstories, you're

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<v Speaker 3>tracking another one that is waiting for turnaround to take hold.

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<v Speaker 2>Absolutely. Looking at shares of FedEx. This is ticker FDx.

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<v Speaker 2>Shares her down more than one percent right now. It

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<v Speaker 2>did raise the low end of its profit outlook for

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<v Speaker 2>this year, and it reported earnings that topped expectations. This

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<v Speaker 2>of course was really helped by volume and pricing gains

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<v Speaker 2>in the US. But you know, we are seeing some weakness,

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<v Speaker 2>especially as investors are actually trying to see whether or

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<v Speaker 2>not the CEO's plan will really map out. They're seeing

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<v Speaker 2>a string of cost headwinds, including the grounding of its

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<v Speaker 2>MD eleven planes, So that's really weighing on sentiment today

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<v Speaker 2>in the trade. Shares of FedEx though up about one

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<v Speaker 2>percent so far this year, so not too much action there.

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<v Speaker 2>KB Home, You know, I have to always hit my

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<v Speaker 2>real estate sector. We're looking at shares of KB Home.

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<v Speaker 2>This is ticker KBH. We did get results al Lenar yesterday.

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<v Speaker 2>KB Home is one of its peers. We're looking at

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<v Speaker 2>the home building industry. They did post fourth quarter profit

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<v Speaker 2>that missed expectations the midpoint of that outlook range four.

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<v Speaker 2>Fiscal twenty twenty six housing revenue also did fall short

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<v Speaker 2>of expectations, So you are seeing the stock taking quite

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<v Speaker 2>a breather, down more than eight percent right now, and

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<v Speaker 2>it's been a pretty rough year for them as well,

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<v Speaker 2>down about twelve percent. Really just still seeing a locked

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<v Speaker 2>housing market. Rates still remain high, and there's a lot

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<v Speaker 2>of pressures when you think about tariffs, when it weighs

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<v Speaker 2>our materials and all those things. So we really got

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<v Speaker 2>to see whether or not these whole builders are really

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<v Speaker 2>able to turn it around.

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<v Speaker 1>The Stock Movers report from Bloomberg Radio. Check back with

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