WEBVTT -  SpaceX Soars, JetBlue Plunges, Nike Declines

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>I'm Carol Masser along with Joe Doe. Let's get to

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<v Speaker 1>some stocks on the move on this Monday, and Joe,

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<v Speaker 1>let's start with a couple of gainers.

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<v Speaker 3>Sure, Jet Blue, well, Jeff, Jeff Blue. Oh no, decliner, decliner.

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<v Speaker 1>I'm going to do the gainers.

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<v Speaker 3>I'm sorry, So Jet Blue fell more than six and

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<v Speaker 3>a half percent. I didn't check the last number, but

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<v Speaker 3>Seaport Global Securities cut the recommendation on the airline to

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<v Speaker 3>neutral from buy. I mean basically what they pointed out was,

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<v Speaker 3>you know, we we They had gone out in April

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<v Speaker 3>and said we're going to be bullish this the airline

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<v Speaker 3>because we think ultimately the straight uform moves will reopen

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<v Speaker 3>in a short amount of time. That has not happened.

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<v Speaker 3>So they came out and said were downgrading because it's

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<v Speaker 3>gone on longer than expected, and said, you know, to

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<v Speaker 3>be sure, jet fuel volatility is a challenge for all,

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<v Speaker 3>but it's a disproportionate risk to Jblu given elevated debt levels,

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<v Speaker 3>and you know, it's just tough. It's been a tough

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<v Speaker 3>story for Jet Blue for a while, right, for a while.

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<v Speaker 1>It's a five dollars stock.

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<v Speaker 3>It's why I mean you said earlier, this used to

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<v Speaker 3>be a darling. I mean it used to be like cool.

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<v Speaker 1>I did a dive on this, yeah, many years ago,

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<v Speaker 1>and just you're right, it was cool. It was cool.

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<v Speaker 1>Actually they did it differently. They'd had those bags of chips,

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<v Speaker 1>anybody could have it. The planes were brand new. Then

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<v Speaker 1>they did the Mint, which was kind of a cool

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<v Speaker 1>way of a flying business.

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<v Speaker 3>I mean, Delta created an entire new brand to compete

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<v Speaker 3>directly with Jet Blue back in like the late two thousands. Yeah,

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<v Speaker 3>and when they give you like a cookie on the flight.

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<v Speaker 1>And exactly, bo, I keep thinking about thirty percent of

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<v Speaker 1>the float is short. So you can see the negative

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<v Speaker 1>sentiment on this one. We'll see what happens airlines. It's

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<v Speaker 1>a tough industry. We've seen the cycles, the names that

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<v Speaker 1>come in, the names that leave. But nonetheless, as you mentioned,

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<v Speaker 1>this one definitely a downer in today's trade, and I

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<v Speaker 1>think it was down actually finishing more than seven percent.

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<v Speaker 1>All right, let's go to Nike also decliner.

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<v Speaker 3>So Nike. We had a story on the Bloomberg terminal

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<v Speaker 3>noting that new UBS Evidence Lab data shows Nike brand

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<v Speaker 3>footwear prices in the secondary sneaker market decreased two point

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<v Speaker 3>nine percent year of a year in July. Month of

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<v Speaker 3>a month pricing deteriorated by about one hundred and twenty

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<v Speaker 3>BIPs from the one point seven percent decrease in June,

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<v Speaker 3>and Jordan brand prices also dropped two point eight percent

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<v Speaker 3>year of a year in July. Long story short, we

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<v Speaker 3>have a new CEO who is trying to turn things

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<v Speaker 3>around with the brand change, some of the things happening

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<v Speaker 3>inside the actual retail stores, and you know, the story

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<v Speaker 3>here that we're citing is just, yeah, it's not turning

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<v Speaker 3>around yet.

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<v Speaker 1>They've been having a tough slog I feel for a while.

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<v Speaker 1>We've talked about the China component and pressure stocks down

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<v Speaker 1>about forty percent year to date. That ticker, by the way,

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<v Speaker 1>nk E All right. Let me get to a couple

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<v Speaker 1>of gainers that were on my radar, and definitely we

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<v Speaker 1>saw AI linked stocks rising today after Anthropic told prospective

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<v Speaker 1>investors that its preliminary second quarter revenue was eleven and

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<v Speaker 1>a half billion, at least a fourteenfold increased versus the

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<v Speaker 1>same period a year ago. And I think we got

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<v Speaker 1>we had some other headlines when it came to Anthropic

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<v Speaker 1>two in terms of it's let me just find it here.

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<v Speaker 1>It's run rate. Anthropic on track to generate annualized revenue

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<v Speaker 1>of more than sixty five billion based on its current performance,

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<v Speaker 1>according to people familiar with the matter, Bloomberg reporting this

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<v Speaker 1>out up more than sevenfold from its pace at the

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<v Speaker 1>end of last year. Talk about a growth stock, right anyway,

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<v Speaker 1>So AI link stocks we're definitely rallying, and among them

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<v Speaker 1>was SanDisk, which has been a high flyer all year.

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<v Speaker 1>That one was the number one gainer in the S

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<v Speaker 1>and PN NASDAQ one hundred up just shy of nine

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<v Speaker 1>percent at the closed stock is up six hundred fifty

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<v Speaker 1>two percent year to date. Keep in mind last week

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<v Speaker 1>we got from sand Disk, it outlined an upbeat multi

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<v Speaker 1>year financial outlook and it just continues to support the

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<v Speaker 1>whole sector. So again sand Disk ticker SNDK, a apperformer.

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<v Speaker 1>And then I'm going to mention SpaceX. This one was

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<v Speaker 1>up about four and a half percent today. Investment firms

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<v Speaker 1>for ultra wealthy individuals building up billions of dollars of

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<v Speaker 1>exposure to SpaceX, so they want this exposure. More than

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<v Speaker 1>a dozen family offices holding a total level at least

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<v Speaker 1>three point eight billion in SpaceX through the first half

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<v Speaker 1>of twenty twenty six. According to US filings, Harvard has

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<v Speaker 1>a big stake some two point two billion, or nearly

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<v Speaker 1>thirteen million chairs SpaceX one hundred and forty six to

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<v Speaker 1>twenty three back above at one hundred and thirty five

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<v Speaker 1>dollars share IPO price, but so back up there and

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<v Speaker 1>again investors continuing to want some exposure.

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<v Speaker 2>The stock mover's report from Bloomberg Radio. Check back with

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