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.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today. I'm Paul Swinging alongside Lisa Metelo and
Speaker 2: returned by Bloombergs Carmen Ryanicky, Carmen. What are you looking at?
Speaker 3: Yeah, the first thing that I'm looking at today is Coherent.
Speaker 3: This is ticker CEO HR shares our down twenty three
Speaker 3: percent right now. This is on track for the worst
Speaker 3: day since August twenty twenty three on a closing basis. Basically,
Speaker 3: what happened here is we have an earnings mover. So
Speaker 3: the Semi it's a semiconductor device company. It gave an
Speaker 3: outlook that underwhelmed analysts and some pointed out seem to
Speaker 3: imply an AI deceleration, obviously is the buzzword. We want
Speaker 3: to be seeing companies growing AI sales, growing you know
Speaker 3: ROI from from those business segments. The firm also said
Speaker 3: that it would sell its aerospace into fence business unit
Speaker 3: to Advent for four hundred million, and this is to
Speaker 3: pay down debt. All right now, deer the farmers not
Speaker 3: doing so well. So that iss dear. Yeah, so deer
Speaker 3: ticker DEE is also down today, currently down about seven
Speaker 3: point seven percent. This is the worst intra day drop
Speaker 3: since May twenty two. Also an earnings mover, the company
Speaker 3: paired its fullier earnings outlook. They said that lower grain
Speaker 3: prices are curving farmers spending. They also pointed out that
Speaker 3: tariffs ate into profits and so seeing a negative impact
Speaker 3: there to the American farmer from from the tariffs.
Speaker 2: Yeah, and again yesterday on Bloomberg Intelligence Program, we spoke
Speaker 2: to a farmer in South Dakota and when I asked
Speaker 2: him how how's the farmer doing? He says, it's tough
Speaker 2: at here. Commodity prices are down, so the price that
Speaker 2: they're for their crops are down, yet their costs are up.
Speaker 2: And he cited's higher seed cost, higher labor costs, and
Speaker 2: higher interest rates, which is a drain for those folks
Speaker 2: who take on a lot of debt wich farmers tend
Speaker 2: to do, and fertilizer costs or up. So tough out
Speaker 2: there right now for the US farm And hopefully it
Speaker 2: gets better. But you see that a little bit in
Speaker 2: the dear results.
Speaker 3: Tapestry, Yeah, last one that we're looking out. So Tapestry
Speaker 3: ticker TPR. This is the owner of Coach and Kate Spades,
Speaker 3: your luxury handbags. It's down fourteen percent right now, on
Speaker 3: track for the worst drop since April of this year.
Speaker 3: It's annual outlook just missed analysts forecasts. They also cited tariffs, saying,
Speaker 3: you know that they're not seeing as much demand because
Speaker 3: of that. This also sort of signaled that Wall Street
Speaker 3: is maybe not factoring in tariffs as much to their
Speaker 3: sort of outlooks for Tapestry. So I think we might
Speaker 3: see a little bit of an adjustment of analysts estimates
Speaker 3: for this company going forward. So what's up with Kate Spade?
Speaker 2: Only like Kate Space, it's all.
Speaker 3: About Coach lately. I mean they said that on their
Speaker 3: call that they're seeing really strong demand for these hands.
Speaker 3: I think you can see that on the street right
Speaker 3: the coach, But I don't have the case. I don't
Speaker 3: know I see exactly. So I think it's just sort
Speaker 3: of the brand that's resonating, you know right now, all right,
Speaker 3: you put La boo boos on a coach, not on
Speaker 3: a case.
Speaker 2: Oh that's that's how you do.
Speaker 3: That's all about the bag chains too. That's it.
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