1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

2
00:00:10,080 --> 00:00:13,520
Speaker 2: This is the closing bell on the stock Movers report

3
00:00:13,760 --> 00:00:16,720
Speaker 2: the company's making moves at the close of US trading,

4
00:00:16,880 --> 00:00:21,360
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greyfell.

5
00:00:22,400 --> 00:00:24,840
Speaker 3: All right, guys, let's go to some of the individual gainers.

6
00:00:24,840 --> 00:00:29,680
Speaker 3: And I'm feeling kind of smart. All right, let's start

7
00:00:29,720 --> 00:00:33,440
Speaker 3: with Deckers. Definitely an outperformer in today's session. In fact,

8
00:00:33,479 --> 00:00:35,519
Speaker 3: it's the number one gainer in the S and P

9
00:00:35,640 --> 00:00:39,040
Speaker 3: five hundred. Isn't it a wild considering me like all these

10
00:00:39,159 --> 00:00:41,200
Speaker 3: big I don't know. It's just been a funny week,

11
00:00:41,200 --> 00:00:43,400
Speaker 3: and I just find it interesting that Deckers is there

12
00:00:43,760 --> 00:00:46,400
Speaker 3: nineteen percent to the upside, owner of UG and Hoka

13
00:00:46,400 --> 00:00:49,720
Speaker 3: footwear brands. You guys know that raise its annual earnings

14
00:00:49,760 --> 00:00:53,440
Speaker 3: and sales forecast, beating the average analyst estimate. Analysta out

15
00:00:53,479 --> 00:00:56,200
Speaker 3: talking about the name noted strength and the retailers direct

16
00:00:56,200 --> 00:01:00,360
Speaker 3: to consumer channels across the United States. Goldman Sachs against

17
00:01:00,360 --> 00:01:02,760
Speaker 3: price target to ninety two from eighty one, maintaining though

18
00:01:02,800 --> 00:01:05,200
Speaker 3: it's cell rating, which is kind of interesting. But this

19
00:01:05,319 --> 00:01:08,200
Speaker 3: was definitely an outperformer, and this is the one I

20
00:01:08,400 --> 00:01:12,200
Speaker 3: was nervous about sand disc Check this out. Guys, up

21
00:01:12,240 --> 00:01:15,280
Speaker 3: twenty five percent and it's intra day high at one

22
00:01:15,319 --> 00:01:18,200
Speaker 3: point down one point two percent, So quite a swing.

23
00:01:18,880 --> 00:01:21,280
Speaker 3: And at the close here we're just up shy of

24
00:01:21,440 --> 00:01:25,039
Speaker 3: seven percent. What a move. Kind of dramatic.

25
00:01:25,440 --> 00:01:27,520
Speaker 1: Yeah, yeah, we were talking about this on the clothes

26
00:01:27,520 --> 00:01:29,080
Speaker 1: because we saw it kind of you know, was up

27
00:01:29,120 --> 00:01:30,920
Speaker 1: twenty five percent, and why we were on the clothes

28
00:01:31,040 --> 00:01:32,960
Speaker 1: it's you know, dipped into the red and we were

29
00:01:33,000 --> 00:01:34,600
Speaker 1: just there was no news. It was just seems like

30
00:01:34,640 --> 00:01:36,840
Speaker 1: it maybe it was just I don't know, maybe some

31
00:01:36,880 --> 00:01:38,080
Speaker 1: profit taking, who knows.

32
00:01:37,920 --> 00:01:39,600
Speaker 3: I don't know. You know. We we broke down the

33
00:01:39,640 --> 00:01:42,839
Speaker 3: results right after the close. Second quarter revenue beat expectations,

34
00:01:42,920 --> 00:01:46,000
Speaker 3: Raymond James upgrading the stock to outperform for market perform.

35
00:01:46,319 --> 00:01:49,080
Speaker 3: I love all the analyst community, though, running to change

36
00:01:49,120 --> 00:01:52,160
Speaker 3: their price targets, says Quehanna, raising it to one thousand

37
00:01:52,200 --> 00:01:57,160
Speaker 3: from three hundred, Bernstein to one thousand from five to eighty,

38
00:01:57,240 --> 00:02:01,720
Speaker 3: counter Fitzgerald to eight hundred from five fifty. Yeah, what's

39
00:02:01,720 --> 00:02:03,040
Speaker 3: the stock doing you to date?

40
00:02:03,120 --> 00:02:06,040
Speaker 1: Remain it's up And I should just also point out too,

41
00:02:06,120 --> 00:02:07,720
Speaker 1: I was just taking a quick look here. I mean,

42
00:02:07,760 --> 00:02:12,000
Speaker 1: this is not surprisingly the biggest most volatile swinging for

43
00:02:12,200 --> 00:02:14,600
Speaker 1: that stock in its history, the biggest a one day

44
00:02:14,600 --> 00:02:15,919
Speaker 1: point swing from peak to trough.

45
00:02:15,960 --> 00:02:17,640
Speaker 3: How could it not be. I think it's up something

46
00:02:17,720 --> 00:02:20,400
Speaker 3: like sixteen one hundred percent or something from its IPO

47
00:02:20,440 --> 00:02:22,880
Speaker 3: back in February of twenty twenty five. So anyway, definitely

48
00:02:22,919 --> 00:02:23,440
Speaker 3: caught our intention.

49
00:02:23,600 --> 00:02:24,880
Speaker 1: Secondary offering, Thank you.

50
00:02:24,880 --> 00:02:26,359
Speaker 3: All right, Secondary.

51
00:02:25,880 --> 00:02:28,679
Speaker 4: Offering, there he is. There's the romain we know and love.

52
00:02:28,760 --> 00:02:29,799
Speaker 3: We were so missing you.

53
00:02:30,120 --> 00:02:32,560
Speaker 4: I was getting worried for.

54
00:02:32,720 --> 00:02:34,560
Speaker 3: Rizon, your number two gainer in the S and P

55
00:02:34,639 --> 00:02:37,799
Speaker 3: five hundred folks, let's go there, finishing up almost a

56
00:02:37,840 --> 00:02:39,959
Speaker 3: twelve percent gain here, so near its best levels of

57
00:02:40,000 --> 00:02:42,720
Speaker 3: the session. Holding out to those gains, company reported it's

58
00:02:42,720 --> 00:02:45,640
Speaker 3: biggest gain and mobile phone subscriber since twenty nineteen. Plans

59
00:02:45,639 --> 00:02:48,440
Speaker 3: to buy back as much as twenty five billion dollars

60
00:02:48,440 --> 00:02:51,400
Speaker 3: in shares. Those buybacks planned over the next three years

61
00:02:51,400 --> 00:02:54,320
Speaker 3: and include at least three billion in twenty twenty six.

62
00:02:54,440 --> 00:02:57,560
Speaker 3: They've been working on a turnaround, and kind of the

63
00:02:57,600 --> 00:03:00,240
Speaker 3: read off of all of this and this quarter is

64
00:03:00,240 --> 00:03:03,240
Speaker 3: that the company's CEO that turnaround efforts are starting to

65
00:03:03,280 --> 00:03:06,639
Speaker 3: bear fruit, so definitely a opperformer. All right, Tim, all yours.

66
00:03:06,320 --> 00:03:08,560
Speaker 4: Okay, I actually was going to do Apple today. It

67
00:03:08,600 --> 00:03:11,399
Speaker 4: was down as much as two point four percent post earnings,

68
00:03:11,560 --> 00:03:14,120
Speaker 4: and then up as much as one point four percent,

69
00:03:14,120 --> 00:03:17,040
Speaker 4: but it finished in the green. So honorable mention as

70
00:03:17,040 --> 00:03:20,000
Speaker 4: a gainer for Apple. Yeah, that was for you, Carol.

71
00:03:20,040 --> 00:03:21,240
Speaker 3: That's okay, so much, thank you for that.

72
00:03:21,280 --> 00:03:26,160
Speaker 4: You're welcome. Rocket Companies down thirteen point seven percent today.

73
00:03:26,560 --> 00:03:30,160
Speaker 4: Mortgage company stocks tumbled today. This after Pennymac Financial Services

74
00:03:30,160 --> 00:03:34,440
Speaker 4: reported profits were significantly below Wall Street expectations. We saw

75
00:03:34,480 --> 00:03:39,560
Speaker 4: other mortgage lenders, including Rocket Companies fall. UWM Holdings Corporation

76
00:03:39,800 --> 00:03:43,960
Speaker 4: also fell. The company shares declined. This is, I should say,

77
00:03:43,960 --> 00:03:47,360
Speaker 4: Pennymac Financial Services as much as thirty eight percent earlier

78
00:03:47,680 --> 00:03:51,680
Speaker 4: in the session. Finally, let's look at a couple software

79
00:03:51,720 --> 00:03:55,520
Speaker 4: and video game companies together. Already software take two interactive. Yeah,

80
00:03:55,520 --> 00:03:57,920
Speaker 4: this is crazy, this is really crazy. Gaming stocks just

81
00:03:57,960 --> 00:04:00,400
Speaker 4: took a hit today. This after Google's that it began

82
00:04:00,480 --> 00:04:05,120
Speaker 4: rolling out Project Genie to Google AI Ultra subscribers. The

83
00:04:05,160 --> 00:04:07,640
Speaker 4: prototype web app allows users to create an interact with

84
00:04:07,680 --> 00:04:11,560
Speaker 4: a navigable world. Look at this Unity losing almost a

85
00:04:11,680 --> 00:04:13,960
Speaker 4: quarter of its market cap in a single day as

86
00:04:13,960 --> 00:04:16,400
Speaker 4: a result of this product announcement from Google. Take to

87
00:04:16,520 --> 00:04:20,600
Speaker 4: Interactive down eight percent. I guess this is is this

88
00:04:20,760 --> 00:04:23,800
Speaker 4: like AI hitting this industry? I don't know.

89
00:04:24,120 --> 00:04:26,160
Speaker 1: Yeah, I thought the reaction was, I mean, Unity has

90
00:04:26,160 --> 00:04:26,840
Speaker 1: some other issues too.

91
00:04:26,880 --> 00:04:27,960
Speaker 4: Yeah, they've had issues for year.

92
00:04:28,000 --> 00:04:29,680
Speaker 1: Yeah, but I agree with you, this seemed like a

93
00:04:29,720 --> 00:04:32,159
Speaker 1: bit of an overaction, particularly given that you know, we

94
00:04:32,160 --> 00:04:34,760
Speaker 1: don't actually know exactly how far how much an engagement

95
00:04:35,120 --> 00:04:36,240
Speaker 1: Google's going to drive with us.

96
00:04:36,320 --> 00:04:37,919
Speaker 4: Yeah, and these companies have tried to come out with

97
00:04:38,240 --> 00:04:40,719
Speaker 4: video games in the past and it hasn't totally worked,

98
00:04:40,720 --> 00:04:44,960
Speaker 4: like Apple Arcade for example. And finally, shares of Bombardier.

99
00:04:45,480 --> 00:04:49,080
Speaker 4: These ADRs took a hit today, down six point six percent.

100
00:04:49,560 --> 00:04:51,760
Speaker 4: This after President Trump threatened to slap a fifty percent

101
00:04:51,800 --> 00:04:54,760
Speaker 4: tariff on aircraft from Canada to and decertify all new

102
00:04:54,760 --> 00:04:59,040
Speaker 4: planes that are made there. Bombardier is the Canadian aerospace company.

103
00:04:59,440 --> 00:05:01,680
Speaker 4: In twenty two twenty four, it got sixty four percent

104
00:05:01,760 --> 00:05:04,840
Speaker 4: of its revenue from the US. Analysts, though say that

105
00:05:05,279 --> 00:05:07,159
Speaker 4: the threat could be noised, they doubt the tariffs and

106
00:05:07,160 --> 00:05:10,000
Speaker 4: decertification threats will be in force, but the worrying headline

107
00:05:10,040 --> 00:05:13,480
Speaker 4: could make investors where a ADRs fell six point six percent.

108
00:05:14,960 --> 00:05:19,000
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with

109
00:05:19,080 --> 00:05:21,640
Speaker 2: us throughout the day for the latest roundup of companies

110
00:05:21,720 --> 00:05:24,800
Speaker 2: making news on Wall Street and for the latest market

111
00:05:24,839 --> 00:05:29,320
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

112
00:05:29,400 --> 00:05:32,919
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

113
00:05:32,960 --> 00:05:34,480
Speaker 2: the Bloomberg Business app.