WEBVTT -  Estee Lauder and Puig End Merger, Deckers Rises, Intuit PlungesL

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

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<v Speaker 2>The 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 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Emily Griffo here with Tim Stenovic and with us

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<v Speaker 3>is avalon Prnel Bloomberg News Equities Reporter. What are you

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<v Speaker 3>looking at?

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<v Speaker 4>Well, we have to start off of Esday Lauder. That's

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<v Speaker 4>ticker ELD currently jumping about twelve percent in aftermarket trading.

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<v Speaker 4>That's after Essay Lauder and the Spanish brand Pooge agreed

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<v Speaker 4>to end merger talks. For those unaware, Esday Latter is

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<v Speaker 4>behind brands like mac Clinique, Lamaire and my personal favorite

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<v Speaker 4>at the ordinary. The move will be seen as a

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<v Speaker 4>major positive though from investors, given that they really believe

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<v Speaker 4>that this merger was potentially going to slow down Esday

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<v Speaker 4>Latter's ability to have a turnaround. So it'll definitely be

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<v Speaker 4>interesting to see what those notes will say in the

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<v Speaker 4>coming hours.

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<v Speaker 5>Yeah, this was I think this one really caught Carol

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<v Speaker 5>off guard.

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<v Speaker 1>Okay when this happened, she was she was the merger announcement,

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<v Speaker 1>the merger announcement or at least the reports about the

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<v Speaker 1>merger a possible merger just because the like you mentioned,

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<v Speaker 1>the brands are so important.

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<v Speaker 5>So I don't know, we'll see.

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<v Speaker 3>Yeah, it's interesting to see when the stock you know,

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<v Speaker 3>of the company that would have been doing the acquisition

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<v Speaker 3>is higher when the talks are tossed in the trash.

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<v Speaker 3>It's like, okay, obviously, like that wasn't a good idea. Okay,

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<v Speaker 3>you also have a consumer company that you're sure do

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<v Speaker 3>that is Decker's ticker Deck. I will say it was

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<v Speaker 3>up a little bit more earlier.

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<v Speaker 4>Now it's only up about point seven percent, and that's

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<v Speaker 4>after the parent brand of companies like ug and also

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<v Speaker 4>Hokahs reported fourth quarter net sales that beat expectations. More importantly, though,

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<v Speaker 4>it provided a net sales guidance for the fiscal year

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<v Speaker 4>twenty twenty seven that also came ahead of expectations, and

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<v Speaker 4>one thing that kind of stood out was that Hoka

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<v Speaker 4>sales were to stand out of the print. They came

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<v Speaker 4>up above and fifteen percent increase in sales compared to

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<v Speaker 4>the same period last year, and Freeze wrote that it

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<v Speaker 4>was a pretty solid beat, although they did note that

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<v Speaker 4>it was maybe slightly lower than some very bullish expectations.

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<v Speaker 5>Okay, home, everybody always says Hoka and UG and they

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<v Speaker 5>never say Teva.

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<v Speaker 4>I do have Tivas too, to be honest.

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<v Speaker 5>Okay, so you're you're part of the.

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<v Speaker 3>Okay, Teva or Tiva. That's a lifelong question that I had.

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<v Speaker 1>It's Teva.

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<v Speaker 5>Yeah, but it's okay, We're not going to do this again.

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<v Speaker 3>Guys like you have to go back all right, all right,

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<v Speaker 3>oh not again.

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<v Speaker 2>Okay.

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<v Speaker 5>I don't have the context of this all but what

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<v Speaker 5>I will say is, I'm just looking at the press

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<v Speaker 5>release here. Hoka did really well, UG did really well.

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<v Speaker 5>Other brand sales decreased thirty three point nine percent to

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<v Speaker 5>just one hundred and forty six point two million dollars.

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<v Speaker 5>So yeah, UG and Hoka doing well.

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<v Speaker 1>The other brand's not as much exactly.

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<v Speaker 4>And we can also talk about a different company that

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<v Speaker 4>did not do nearly as well as expectations. That's into it.

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<v Speaker 4>That's ticker i Intu sinking twenty percent into the close

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<v Speaker 4>today to end its biggest one day drop since two

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<v Speaker 4>thousand and three. That's after the software firm reported third

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<v Speaker 4>quarter results that phil well short of expectations. More specifically,

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<v Speaker 4>the TurboTax business fell short of expectations, especially coming off

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<v Speaker 4>of tax season. It very much disappointed some people and

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<v Speaker 4>also had analysts talking about how that revenue miss could

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<v Speaker 4>add some fuel to the AI questions in that bare

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<v Speaker 4>case about how tax automation is going to impact these companies.

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<v Speaker 3>Okay, so here, Tim, we were talking a little bit

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<v Speaker 3>earlier in the day about software names and how resilient

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<v Speaker 3>they can be to AI disruption. Here's an example of

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<v Speaker 3>a company that's not proving to the shareholders that they

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<v Speaker 3>can use AI to their advantage. So they're trimming costs

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<v Speaker 3>wall they invest in AI products, So maybe a longer

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<v Speaker 3>term vision book now, shareholder really right.

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<v Speaker 4>They also announced that they're going to be slashing about

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<v Speaker 4>seventeen percent of jobs, so not exactly the bullish signal

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<v Speaker 4>that investors were hoping out.

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<v Speaker 2>Of the print the Stock Movers Report from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day for the latest

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<v Speaker 2>roundup of companies making news on Wall Street and for

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<v Speaker 2>the latest market moving headline. Listen to Bloomberg Radio Live,

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