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, Let's take a look
Speaker 1: at some of the stocks on the move today. We're
Speaker 1: joined by Bloomberg's Markets correspondent Nora Me Linda Nor. What
Speaker 1: are you looking at today?
Speaker 2: Lots of green on the screen today, but I'm gonna
Speaker 2: give you some names in the red. I'm looking at
Speaker 2: shares of Nike. That's ticker INKE. This was an earnings
Speaker 2: report that we received last night. We are seeing shares
Speaker 2: lower down about nine percent right now as we speak,
Speaker 2: this after the company is really warning that sales would
Speaker 2: decline this quarter. They're talking about weakness both in China
Speaker 2: and its Converse brand. I completely forgot they own Converse. Yes,
Speaker 2: see what I thought that was the thing, right? I
Speaker 2: thought everyone was wearing Chuck Taylor's. Apparently not so much.
Speaker 2: They're saying that sales plunged thirty percent in the last
Speaker 2: latest quarter. Greater China was down about seventeen percent. So
Speaker 2: I don't know, maybe they need another comeback story here
Speaker 2: for the Chuck Taylors.
Speaker 3: Ye Well, I'm loyal to my Chuck Taylor's he's speaking
Speaker 3: of comeback stories. There you go. Speaking of comebackstories, you're
Speaker 3: tracking another one that is waiting for turnaround to take hold.
Speaker 2: Absolutely. Looking at shares of FedEx. This is ticker FDx.
Speaker 2: Shares her down more than one percent right now. It
Speaker 2: did raise the low end of its profit outlook for
Speaker 2: this year, and it reported earnings that topped expectations. This
Speaker 2: of course was really helped by volume and pricing gains
Speaker 2: in the US. But you know, we are seeing some weakness,
Speaker 2: especially as investors are actually trying to see whether or
Speaker 2: not the CEO's plan will really map out. They're seeing
Speaker 2: a string of cost headwinds, including the grounding of its
Speaker 2: MD eleven planes, So that's really weighing on sentiment today
Speaker 2: in the trade. Shares of FedEx though up about one
Speaker 2: percent so far this year, so not too much action there.
Speaker 2: KB Home, You know, I have to always hit my
Speaker 2: real estate sector. We're looking at shares of KB Home.
Speaker 2: This is ticker KBH. We did get results al Lenar yesterday.
Speaker 2: KB Home is one of its peers. We're looking at
Speaker 2: the home building industry. They did post fourth quarter profit
Speaker 2: that missed expectations the midpoint of that outlook range four.
Speaker 2: Fiscal twenty twenty six housing revenue also did fall short
Speaker 2: of expectations, So you are seeing the stock taking quite
Speaker 2: a breather, down more than eight percent right now, and
Speaker 2: it's been a pretty rough year for them as well,
Speaker 2: down about twelve percent. Really just still seeing a locked
Speaker 2: housing market. Rates still remain high, and there's a lot
Speaker 2: of pressures when you think about tariffs, when it weighs
Speaker 2: our materials and all those things. So we really got
Speaker 2: to see whether or not these whole builders are really
Speaker 2: able to turn it around.
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