1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,000 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,120 --> 00:00:19,720 Speaker 1: Let's get to some of the individual gainers and decliners. 5 00:00:19,920 --> 00:00:21,919 Speaker 3: Here to help break us down in today's market action 6 00:00:21,960 --> 00:00:24,360 Speaker 3: is Bloomberg News cross ass That reporter Isabelle Lee. 7 00:00:24,840 --> 00:00:26,880 Speaker 4: Happy New Year, Happy New Year. 8 00:00:27,040 --> 00:00:30,520 Speaker 5: I think they're around maybe six hours or so to 9 00:00:30,560 --> 00:00:31,640 Speaker 5: go till twenty. 10 00:00:31,360 --> 00:00:34,440 Speaker 4: Twenty six, depending on where you are, depending. 11 00:00:34,080 --> 00:00:36,680 Speaker 5: On where I am. Yes, because in my parents' country 12 00:00:36,680 --> 00:00:38,920 Speaker 5: in the Philippines, it's already twenty twenty six where they live. 13 00:00:38,960 --> 00:00:39,400 Speaker 5: In the future. 14 00:00:39,520 --> 00:00:42,400 Speaker 4: Oh, it's so far, so good, I think, so okay, good. 15 00:00:42,360 --> 00:00:43,839 Speaker 5: Far hours up to twenty twenty six. 16 00:00:43,920 --> 00:00:47,120 Speaker 4: Okay, off and running, off and running. So we got things. 17 00:00:47,479 --> 00:00:50,040 Speaker 3: We got another bullmarket, thirty year in a row of 18 00:00:50,040 --> 00:00:53,600 Speaker 3: a bull market for the S and P five hundred. 19 00:00:53,320 --> 00:00:55,680 Speaker 3: How are you looking at not just today's market action, 20 00:00:55,760 --> 00:00:56,720 Speaker 3: but how things are looking. 21 00:00:57,560 --> 00:01:01,120 Speaker 5: It's interesting because it's an exciting year of the AI 22 00:01:01,200 --> 00:01:03,880 Speaker 5: Riley Broaden. There were many good things that happened unexpected. 23 00:01:03,920 --> 00:01:05,880 Speaker 5: If you look at the year today performance of the SMP, 24 00:01:05,959 --> 00:01:08,680 Speaker 5: it's like the volatility in April didn't happen. 25 00:01:08,720 --> 00:01:09,520 Speaker 4: Isn't it shocking? 26 00:01:09,680 --> 00:01:12,400 Speaker 1: It's if I've fallen asleep for like a bunch of months. 27 00:01:12,440 --> 00:01:15,119 Speaker 5: We should have just done that, exactly should But if 28 00:01:15,120 --> 00:01:18,559 Speaker 5: you look to next year, inflation is still higher. There's 29 00:01:18,600 --> 00:01:22,000 Speaker 5: also anxiety about whether when the AI trade will pay 30 00:01:22,040 --> 00:01:26,200 Speaker 5: out right, and there's also just geopolitical tensions tailor risk 31 00:01:26,240 --> 00:01:27,680 Speaker 5: events that you don't know. That's why a lot of 32 00:01:27,920 --> 00:01:30,199 Speaker 5: the analysts we talked to were saying everything is maybe 33 00:01:30,440 --> 00:01:32,800 Speaker 5: priced to perfection. If you look at the strategists, everyone 34 00:01:32,840 --> 00:01:35,480 Speaker 5: is predicting double digit games, at least everyone that Bloomberg polls. 35 00:01:35,520 --> 00:01:38,759 Speaker 1: I'm blown away by how bullish strategists are at this point. 36 00:01:38,840 --> 00:01:40,959 Speaker 3: Well, to Isabel's point, the S and P five hundred 37 00:01:41,000 --> 00:01:44,360 Speaker 3: back on April eighth of this year, forty nine eighty two, 38 00:01:45,160 --> 00:01:48,680 Speaker 3: up up now more than thirty seven percent from those lows. 39 00:01:49,040 --> 00:01:52,280 Speaker 5: Yeah, can you imagine? And even bitcoin, I mean it 40 00:01:52,400 --> 00:01:54,880 Speaker 5: hit one hundred and twenty thousand. Well, bitcoin is a 41 00:01:54,880 --> 00:01:58,720 Speaker 5: different story now it's around eighty seven thousand. But the 42 00:01:58,760 --> 00:02:01,440 Speaker 5: price action was something that you would expect, because you 43 00:02:01,480 --> 00:02:03,680 Speaker 5: would expect bitcoin to behave like a risk acid and 44 00:02:03,720 --> 00:02:05,320 Speaker 5: to behave like the S and P and the NASSEC. 45 00:02:05,360 --> 00:02:07,040 Speaker 5: But it didn't. So maybe this is a defining year. 46 00:02:07,120 --> 00:02:08,400 Speaker 1: I think part of that is we're just not quite 47 00:02:08,440 --> 00:02:09,519 Speaker 1: sure still what bitcoin is. 48 00:02:09,680 --> 00:02:10,799 Speaker 5: That's a cryptocurrency. 49 00:02:10,840 --> 00:02:12,440 Speaker 1: Is it a currency? Is it an asset? Is it 50 00:02:12,440 --> 00:02:13,840 Speaker 1: a command because it's going. 51 00:02:13,760 --> 00:02:16,080 Speaker 5: To also act like a haven? No exactly? 52 00:02:16,120 --> 00:02:17,800 Speaker 1: Which is some you know that people have talked to me. 53 00:02:17,800 --> 00:02:19,160 Speaker 4: Maybe guys should watch our crypto. 54 00:02:18,919 --> 00:02:22,120 Speaker 5: Show to do every Tuesday. Okay, it's a highlight on 55 00:02:22,120 --> 00:02:22,519 Speaker 5: my tuesday. 56 00:02:22,560 --> 00:02:23,240 Speaker 4: Okay, thank you. 57 00:02:23,320 --> 00:02:26,720 Speaker 3: Oh come on, hey, okay, hey, before we do talk 58 00:02:26,760 --> 00:02:29,680 Speaker 3: about that gainers and decliners today, what's on your radar? 59 00:02:29,800 --> 00:02:31,760 Speaker 5: We have to talk about. Nike shares are up by 60 00:02:31,760 --> 00:02:34,399 Speaker 5: more than four percent. That's after it's CEO Elliott Hill 61 00:02:34,480 --> 00:02:37,239 Speaker 5: reportedly bought one million dollars worth of shares, and of 62 00:02:37,320 --> 00:02:40,960 Speaker 5: course this comes after Nike shares rallied last week after 63 00:02:41,320 --> 00:02:44,120 Speaker 5: Apple c O Tim Cook bought shares and he doubled 64 00:02:44,160 --> 00:02:47,720 Speaker 5: his stake. He bought around three million dollars. He doubled 65 00:02:47,720 --> 00:02:50,840 Speaker 5: his stake, which is also signaling confidence in Hill's strategy. 66 00:02:50,919 --> 00:02:53,040 Speaker 5: So he basically doubled down. And we know that Nike 67 00:02:53,120 --> 00:02:56,399 Speaker 5: has really struggled for some time. They reported weaker quarterly margins, 68 00:02:56,600 --> 00:03:01,040 Speaker 5: sluggish shales in China, and even Converse also sluggish. 69 00:03:01,280 --> 00:03:04,600 Speaker 3: I wear these companies, Nike and Apple have long been 70 00:03:05,200 --> 00:03:07,679 Speaker 3: very close, and I don't know if if Yeah, Tim 71 00:03:07,680 --> 00:03:09,560 Speaker 3: Cook is lead director at Nike, he's. 72 00:03:09,400 --> 00:03:12,760 Speaker 4: He's on the company so yeah, oh yeah, he's on 73 00:03:12,800 --> 00:03:13,359 Speaker 4: the board for years. 74 00:03:13,880 --> 00:03:16,080 Speaker 5: Still took it as it, yeah, as a vote of 75 00:03:16,080 --> 00:03:19,760 Speaker 5: confidence because that's his personal state. But yeah, nine slaughters buying. 76 00:03:19,800 --> 00:03:22,440 Speaker 5: We like to see that, right. Nike's on track for 77 00:03:22,480 --> 00:03:24,960 Speaker 5: its fourth year of the clients. Oh, it's its fourth 78 00:03:25,040 --> 00:03:26,760 Speaker 5: year of the clients, and the stock is now down 79 00:03:26,800 --> 00:03:29,120 Speaker 5: some sixty five percent off its all time heighths in 80 00:03:29,160 --> 00:03:29,840 Speaker 5: twenty twenty one. 81 00:03:29,919 --> 00:03:31,480 Speaker 1: All right, let's go to a story that I might 82 00:03:31,520 --> 00:03:35,040 Speaker 1: gotten fascinated by. But yeah, of course Trump media and technology. 83 00:03:35,080 --> 00:03:36,800 Speaker 1: You've been watching, we have been watching. 84 00:03:36,880 --> 00:03:39,120 Speaker 5: It's a val tile stock DJT, so they said it 85 00:03:39,160 --> 00:03:41,680 Speaker 5: plans to distribute a new digital token to shareholders in 86 00:03:41,680 --> 00:03:44,360 Speaker 5: partnership with Crypto dot com. The stock is up by 87 00:03:44,400 --> 00:03:48,800 Speaker 5: more than five percent. Tickers DJT one digital token. You 88 00:03:48,800 --> 00:03:50,680 Speaker 5: can expect if you could have one digital token, you'll 89 00:03:50,680 --> 00:03:54,400 Speaker 5: get one share of DJT. But this company has just 90 00:03:54,520 --> 00:03:59,800 Speaker 5: been interesting. Matt Winkler, the c EIC emeritus of Bloomberg. 91 00:04:00,080 --> 00:04:02,440 Speaker 5: He wrote an op ed on December nineteen. He said, Okay, 92 00:04:02,440 --> 00:04:04,800 Speaker 5: look at this company. It generated just three point seven 93 00:04:04,840 --> 00:04:07,640 Speaker 5: million in revenue over the past twelve months, posted an 94 00:04:07,640 --> 00:04:10,320 Speaker 5: operating loss of one hundred and eighty six million, and 95 00:04:10,400 --> 00:04:12,960 Speaker 5: it's the only company among its twenty domestic peers with 96 00:04:13,080 --> 00:04:17,040 Speaker 5: no widely disseminated twelve month target share price, no revenue estimate, 97 00:04:17,400 --> 00:04:19,120 Speaker 5: no earnings forecasts. So what do you make of that? 98 00:04:19,200 --> 00:04:21,400 Speaker 5: How do you look at a company like that? 99 00:04:21,440 --> 00:04:23,320 Speaker 1: Well, this is something that we've had a conversation of, 100 00:04:23,400 --> 00:04:26,680 Speaker 1: just like you know, companies' assets, trades that are tied 101 00:04:26,720 --> 00:04:29,640 Speaker 1: to the White House very clearly, and you do have 102 00:04:29,680 --> 00:04:32,040 Speaker 1: to be, some would say, very smart about looking at 103 00:04:32,040 --> 00:04:32,400 Speaker 1: these things. 104 00:04:32,400 --> 00:04:34,640 Speaker 5: Title White House or a very very well known name, 105 00:04:34,680 --> 00:04:37,320 Speaker 5: which leads us to think that maybe is personality driven 106 00:04:37,360 --> 00:04:39,479 Speaker 5: investing behind us. I'm not quite sure. 107 00:04:39,560 --> 00:04:41,080 Speaker 1: Oh, that's a good point. That's a good point. All right, 108 00:04:41,120 --> 00:04:43,120 Speaker 1: let's go to some decliners. 109 00:04:43,160 --> 00:04:46,680 Speaker 5: Decliners, So maybe you can talk about Corset ticker cort 110 00:04:46,920 --> 00:04:49,880 Speaker 5: So shares fail after regulators rejected the company's drug to 111 00:04:49,920 --> 00:04:52,679 Speaker 5: treat a form of high blood pressure. So biotech firms, 112 00:04:52,680 --> 00:04:56,160 Speaker 5: you know that they really swing widely after FDA approval 113 00:04:56,320 --> 00:05:00,080 Speaker 5: or rejection. So the stock is down fifty percent, and 114 00:05:00,880 --> 00:05:02,840 Speaker 5: this means that the company shed nearly three and a 115 00:05:02,839 --> 00:05:05,760 Speaker 5: half billion dollars in their market cap, so it's really 116 00:05:05,800 --> 00:05:08,679 Speaker 5: a huge loss. So they're studying the drug to treat 117 00:05:08,680 --> 00:05:11,839 Speaker 5: patients with hypertension who have too much of the hormone 118 00:05:11,880 --> 00:05:13,080 Speaker 5: cordy sool in their bodies. 119 00:05:13,720 --> 00:05:16,160 Speaker 4: Okay, Robinhood very briefly, robin. 120 00:05:15,960 --> 00:05:18,760 Speaker 5: Hood stock is down by two percent. Need them basically 121 00:05:18,760 --> 00:05:20,400 Speaker 5: cut their price target and robin Hood, but I just 122 00:05:20,400 --> 00:05:22,280 Speaker 5: want to bring up the robin Hood has had an 123 00:05:22,279 --> 00:05:25,960 Speaker 5: interesting year because this year they added sports wager and capabilities. 124 00:05:26,200 --> 00:05:29,960 Speaker 5: They're really tapping into that whole polymarket calshy world, and 125 00:05:30,040 --> 00:05:32,880 Speaker 5: customers will be able to customize combinations with as many 126 00:05:32,880 --> 00:05:35,039 Speaker 5: as ten outcomes. This is a new beat, honestly, and 127 00:05:35,040 --> 00:05:37,360 Speaker 5: I'm still learning about it. When I read about polymarket 128 00:05:37,400 --> 00:05:39,480 Speaker 5: and cal shee, I'm new to it. I look at 129 00:05:39,480 --> 00:05:41,560 Speaker 5: the website. There's a bet that will Jesus come in 130 00:05:41,560 --> 00:05:44,320 Speaker 5: twenty twenty five. There's a lot of serious but a 131 00:05:44,360 --> 00:05:47,800 Speaker 5: lot of what what is that beat? Well, Jesus come 132 00:05:47,880 --> 00:05:48,960 Speaker 5: so we'll know six hours. 133 00:05:49,000 --> 00:05:49,719 Speaker 4: I just want to know. 134 00:05:49,839 --> 00:05:51,760 Speaker 1: Is Elvis coming in twenty twenty six? 135 00:05:52,120 --> 00:05:53,839 Speaker 4: Maybe? Okay, get there. 136 00:05:54,080 --> 00:05:57,400 Speaker 3: I'm going to talk about facts before we get to 137 00:05:58,560 --> 00:06:02,039 Speaker 3: Elvis or you Robinhood up more than two hundred percent 138 00:06:02,080 --> 00:06:03,920 Speaker 3: this year, two hundred three percent this year. 139 00:06:04,200 --> 00:06:08,719 Speaker 5: It's a big deal. And they got added to the also, yes, 140 00:06:09,440 --> 00:06:11,920 Speaker 5: so they got a huge pop because of that. Although 141 00:06:11,920 --> 00:06:14,600 Speaker 5: not every stock that gets added gets a pop, but 142 00:06:14,640 --> 00:06:16,600 Speaker 5: they're one of those that did. So it's a really 143 00:06:16,640 --> 00:06:19,279 Speaker 5: big year for them after being just a memestock in 144 00:06:19,279 --> 00:06:20,000 Speaker 5: twenty twenty one. 145 00:06:20,120 --> 00:06:21,640 Speaker 1: Well, it was a good year. When we've got you 146 00:06:21,680 --> 00:06:23,760 Speaker 1: in the studio. Thank you so much, Happy New Year. 147 00:06:23,880 --> 00:06:26,560 Speaker 1: Really appreciate it. Bloomberg News process at reporter Isabell Lee. 148 00:06:26,680 --> 00:06:27,840 Speaker 2: She does so much here for us. 149 00:06:28,080 --> 00:06:29,480 Speaker 1: Happy Happy twenty six. 150 00:06:30,839 --> 00:06:34,880 Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with 151 00:06:34,960 --> 00:06:37,480 Speaker 2: us throughout the day for the latest roundup of companies 152 00:06:37,600 --> 00:06:40,680 Speaker 2: making news on Wall Street and for the latest market 153 00:06:40,720 --> 00:06:45,159 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 154 00:06:45,279 --> 00:06:48,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 155 00:06:48,839 --> 00:06:50,360 Speaker 2: the Bloomberg Business app.