WEBVTT - Closing Bell: Deckers, SanDisk Rise; Unity Software Falls

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is the closing bell on the stock Movers report

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<v Speaker 2>the company's making moves at the close of US trading,

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<v Speaker 2>with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greyfell.

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<v Speaker 3>All right, guys, let's go to some of the individual gainers.

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<v Speaker 3>And I'm feeling kind of smart. All right, let's start

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<v Speaker 3>with Deckers. Definitely an outperformer in today's session. In fact,

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<v Speaker 3>it's the number one gainer in the S and P

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<v Speaker 3>five hundred. Isn't it a wild considering me like all these

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<v Speaker 3>big I don't know. It's just been a funny week,

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<v Speaker 3>and I just find it interesting that Deckers is there

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<v Speaker 3>nineteen percent to the upside, owner of UG and Hoka

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<v Speaker 3>footwear brands. You guys know that raise its annual earnings

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<v Speaker 3>and sales forecast, beating the average analyst estimate. Analysta out

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<v Speaker 3>talking about the name noted strength and the retailers direct

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<v Speaker 3>to consumer channels across the United States. Goldman Sachs against

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<v Speaker 3>price target to ninety two from eighty one, maintaining though

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<v Speaker 3>it's cell rating, which is kind of interesting. But this

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<v Speaker 3>was definitely an outperformer, and this is the one I

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<v Speaker 3>was nervous about sand disc Check this out. Guys, up

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<v Speaker 3>twenty five percent and it's intra day high at one

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<v Speaker 3>point down one point two percent, So quite a swing.

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<v Speaker 3>And at the close here we're just up shy of

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<v Speaker 3>seven percent. What a move. Kind of dramatic.

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<v Speaker 1>Yeah, yeah, we were talking about this on the clothes

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<v Speaker 1>because we saw it kind of you know, was up

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<v Speaker 1>twenty five percent, and why we were on the clothes

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<v Speaker 1>it's you know, dipped into the red and we were

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<v Speaker 1>just there was no news. It was just seems like

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<v Speaker 1>it maybe it was just I don't know, maybe some

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<v Speaker 1>profit taking, who knows.

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<v Speaker 3>I don't know. You know. We we broke down the

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<v Speaker 3>results right after the close. Second quarter revenue beat expectations,

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<v Speaker 3>Raymond James upgrading the stock to outperform for market perform.

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<v Speaker 3>I love all the analyst community, though, running to change

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<v Speaker 3>their price targets, says Quehanna, raising it to one thousand

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<v Speaker 3>from three hundred, Bernstein to one thousand from five to eighty,

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<v Speaker 3>counter Fitzgerald to eight hundred from five fifty. Yeah, what's

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<v Speaker 3>the stock doing you to date?

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<v Speaker 1>Remain it's up And I should just also point out too,

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<v Speaker 1>I was just taking a quick look here. I mean,

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<v Speaker 1>this is not surprisingly the biggest most volatile swinging for

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<v Speaker 1>that stock in its history, the biggest a one day

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<v Speaker 1>point swing from peak to trough.

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<v Speaker 3>How could it not be. I think it's up something

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<v Speaker 3>like sixteen one hundred percent or something from its IPO

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<v Speaker 3>back in February of twenty twenty five. So anyway, definitely

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<v Speaker 3>caught our intention.

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<v Speaker 1>Secondary offering, Thank you.

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<v Speaker 3>All right, Secondary.

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<v Speaker 4>Offering, there he is. There's the romain we know and love.

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<v Speaker 3>We were so missing you.

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<v Speaker 4>I was getting worried for.

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<v Speaker 3>Rizon, your number two gainer in the S and P

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<v Speaker 3>five hundred folks, let's go there, finishing up almost a

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<v Speaker 3>twelve percent gain here, so near its best levels of

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<v Speaker 3>the session. Holding out to those gains, company reported it's

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<v Speaker 3>biggest gain and mobile phone subscriber since twenty nineteen. Plans

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<v Speaker 3>to buy back as much as twenty five billion dollars

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<v Speaker 3>in shares. Those buybacks planned over the next three years

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<v Speaker 3>and include at least three billion in twenty twenty six.

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<v Speaker 3>They've been working on a turnaround, and kind of the

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<v Speaker 3>read off of all of this and this quarter is

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<v Speaker 3>that the company's CEO that turnaround efforts are starting to

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<v Speaker 3>bear fruit, so definitely a opperformer. All right, Tim, all yours.

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<v Speaker 4>Okay, I actually was going to do Apple today. It

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<v Speaker 4>was down as much as two point four percent post earnings,

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<v Speaker 4>and then up as much as one point four percent,

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<v Speaker 4>but it finished in the green. So honorable mention as

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<v Speaker 4>a gainer for Apple. Yeah, that was for you, Carol.

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<v Speaker 3>That's okay, so much, thank you for that.

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<v Speaker 4>You're welcome. Rocket Companies down thirteen point seven percent today.

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<v Speaker 4>Mortgage company stocks tumbled today. This after Pennymac Financial Services

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<v Speaker 4>reported profits were significantly below Wall Street expectations. We saw

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<v Speaker 4>other mortgage lenders, including Rocket Companies fall. UWM Holdings Corporation

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<v Speaker 4>also fell. The company shares declined. This is, I should say,

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<v Speaker 4>Pennymac Financial Services as much as thirty eight percent earlier

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<v Speaker 4>in the session. Finally, let's look at a couple software

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<v Speaker 4>and video game companies together. Already software take two interactive. Yeah,

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<v Speaker 4>this is crazy, this is really crazy. Gaming stocks just

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<v Speaker 4>took a hit today. This after Google's that it began

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<v Speaker 4>rolling out Project Genie to Google AI Ultra subscribers. The

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<v Speaker 4>prototype web app allows users to create an interact with

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<v Speaker 4>a navigable world. Look at this Unity losing almost a

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<v Speaker 4>quarter of its market cap in a single day as

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<v Speaker 4>a result of this product announcement from Google. Take to

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<v Speaker 4>Interactive down eight percent. I guess this is is this

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<v Speaker 4>like AI hitting this industry? I don't know.

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<v Speaker 1>Yeah, I thought the reaction was, I mean, Unity has

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<v Speaker 1>some other issues too.

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<v Speaker 4>Yeah, they've had issues for year.

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<v Speaker 1>Yeah, but I agree with you, this seemed like a

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<v Speaker 1>bit of an overaction, particularly given that you know, we

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<v Speaker 1>don't actually know exactly how far how much an engagement

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<v Speaker 1>Google's going to drive with us.

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<v Speaker 4>Yeah, and these companies have tried to come out with

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<v Speaker 4>video games in the past and it hasn't totally worked,

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<v Speaker 4>like Apple Arcade for example. And finally, shares of Bombardier.

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<v Speaker 4>These ADRs took a hit today, down six point six percent.

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<v Speaker 4>This after President Trump threatened to slap a fifty percent

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<v Speaker 4>tariff on aircraft from Canada to and decertify all new

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<v Speaker 4>planes that are made there. Bombardier is the Canadian aerospace company.

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<v Speaker 4>In twenty two twenty four, it got sixty four percent

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<v Speaker 4>of its revenue from the US. Analysts, though say that

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<v Speaker 4>the threat could be noised, they doubt the tariffs and

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<v Speaker 4>decertification threats will be in force, but the worrying headline

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<v Speaker 4>could make investors where a ADRs fell six point six percent.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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