WEBVTT - Coherent Falls, Deere Drops, Tapestry Down on Outlook  

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move today. I'm Paul Swinging alongside Lisa Metelo and

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<v Speaker 2>returned by Bloombergs Carmen Ryanicky, Carmen. What are you looking at?

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<v Speaker 3>Yeah, the first thing that I'm looking at today is Coherent.

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<v Speaker 3>This is ticker CEO HR shares our down twenty three

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<v Speaker 3>percent right now. This is on track for the worst

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<v Speaker 3>day since August twenty twenty three on a closing basis. Basically,

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<v Speaker 3>what happened here is we have an earnings mover. So

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<v Speaker 3>the Semi it's a semiconductor device company. It gave an

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<v Speaker 3>outlook that underwhelmed analysts and some pointed out seem to

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<v Speaker 3>imply an AI deceleration, obviously is the buzzword. We want

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<v Speaker 3>to be seeing companies growing AI sales, growing you know

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<v Speaker 3>ROI from from those business segments. The firm also said

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<v Speaker 3>that it would sell its aerospace into fence business unit

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<v Speaker 3>to Advent for four hundred million, and this is to

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<v Speaker 3>pay down debt. All right now, deer the farmers not

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<v Speaker 3>doing so well. So that iss dear. Yeah, so deer

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<v Speaker 3>ticker DEE is also down today, currently down about seven

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<v Speaker 3>point seven percent. This is the worst intra day drop

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<v Speaker 3>since May twenty two. Also an earnings mover, the company

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<v Speaker 3>paired its fullier earnings outlook. They said that lower grain

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<v Speaker 3>prices are curving farmers spending. They also pointed out that

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<v Speaker 3>tariffs ate into profits and so seeing a negative impact

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<v Speaker 3>there to the American farmer from from the tariffs.

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<v Speaker 2>Yeah, and again yesterday on Bloomberg Intelligence Program, we spoke

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<v Speaker 2>to a farmer in South Dakota and when I asked

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<v Speaker 2>him how how's the farmer doing? He says, it's tough

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<v Speaker 2>at here. Commodity prices are down, so the price that

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<v Speaker 2>they're for their crops are down, yet their costs are up.

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<v Speaker 2>And he cited's higher seed cost, higher labor costs, and

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<v Speaker 2>higher interest rates, which is a drain for those folks

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<v Speaker 2>who take on a lot of debt wich farmers tend

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<v Speaker 2>to do, and fertilizer costs or up. So tough out

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<v Speaker 2>there right now for the US farm And hopefully it

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<v Speaker 2>gets better. But you see that a little bit in

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<v Speaker 2>the dear results.

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<v Speaker 3>Tapestry, Yeah, last one that we're looking out. So Tapestry

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<v Speaker 3>ticker TPR. This is the owner of Coach and Kate Spades,

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<v Speaker 3>your luxury handbags. It's down fourteen percent right now, on

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<v Speaker 3>track for the worst drop since April of this year.

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<v Speaker 3>It's annual outlook just missed analysts forecasts. They also cited tariffs, saying,

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<v Speaker 3>you know that they're not seeing as much demand because

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<v Speaker 3>of that. This also sort of signaled that Wall Street

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<v Speaker 3>is maybe not factoring in tariffs as much to their

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<v Speaker 3>sort of outlooks for Tapestry. So I think we might

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<v Speaker 3>see a little bit of an adjustment of analysts estimates

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<v Speaker 3>for this company going forward. So what's up with Kate Spade?

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<v Speaker 2>Only like Kate Space, it's all.

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<v Speaker 3>About Coach lately. I mean they said that on their

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<v Speaker 3>call that they're seeing really strong demand for these hands.

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<v Speaker 3>I think you can see that on the street right

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<v Speaker 3>the coach, But I don't have the case. I don't

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<v Speaker 3>know I see exactly. So I think it's just sort

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<v Speaker 3>of the brand that's resonating, you know right now, all right,

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<v Speaker 3>you put La boo boos on a coach, not on

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<v Speaker 3>a case.

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<v Speaker 2>Oh that's that's how you do.

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<v Speaker 3>That's all about the bag chains too. That's it.

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