Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's get to some of the individual gainers and decliners.
Speaker 3: Here to help break us down in today's market action
Speaker 3: is Bloomberg News cross ass That reporter Isabelle Lee.
Speaker 4: Happy New Year, Happy New Year.
Speaker 5: I think they're around maybe six hours or so to
Speaker 5: go till twenty.
Speaker 4: Twenty six, depending on where you are, depending.
Speaker 5: On where I am. Yes, because in my parents' country
Speaker 5: in the Philippines, it's already twenty twenty six where they live.
Speaker 5: In the future.
Speaker 4: Oh, it's so far, so good, I think, so okay, good.
Speaker 5: Far hours up to twenty twenty six.
Speaker 4: Okay, off and running, off and running. So we got things.
Speaker 3: We got another bullmarket, thirty year in a row of
Speaker 3: a bull market for the S and P five hundred.
Speaker 3: How are you looking at not just today's market action,
Speaker 3: but how things are looking.
Speaker 5: It's interesting because it's an exciting year of the AI
Speaker 5: Riley Broaden. There were many good things that happened unexpected.
Speaker 5: If you look at the year today performance of the SMP,
Speaker 5: it's like the volatility in April didn't happen.
Speaker 4: Isn't it shocking?
Speaker 1: It's if I've fallen asleep for like a bunch of months.
Speaker 5: We should have just done that, exactly should But if
Speaker 5: you look to next year, inflation is still higher. There's
Speaker 5: also anxiety about whether when the AI trade will pay
Speaker 5: out right, and there's also just geopolitical tensions tailor risk
Speaker 5: events that you don't know. That's why a lot of
Speaker 5: the analysts we talked to were saying everything is maybe
Speaker 5: priced to perfection. If you look at the strategists, everyone
Speaker 5: is predicting double digit games, at least everyone that Bloomberg polls.
Speaker 1: I'm blown away by how bullish strategists are at this point.
Speaker 3: Well, to Isabel's point, the S and P five hundred
Speaker 3: back on April eighth of this year, forty nine eighty two,
Speaker 3: up up now more than thirty seven percent from those lows.
Speaker 5: Yeah, can you imagine? And even bitcoin, I mean it
Speaker 5: hit one hundred and twenty thousand. Well, bitcoin is a
Speaker 5: different story now it's around eighty seven thousand. But the
Speaker 5: price action was something that you would expect, because you
Speaker 5: would expect bitcoin to behave like a risk acid and
Speaker 5: to behave like the S and P and the NASSEC.
Speaker 5: But it didn't. So maybe this is a defining year.
Speaker 1: I think part of that is we're just not quite
Speaker 1: sure still what bitcoin is.
Speaker 5: That's a cryptocurrency.
Speaker 1: Is it a currency? Is it an asset? Is it
Speaker 1: a command because it's going.
Speaker 5: To also act like a haven? No exactly?
Speaker 1: Which is some you know that people have talked to me.
Speaker 4: Maybe guys should watch our crypto.
Speaker 5: Show to do every Tuesday. Okay, it's a highlight on
Speaker 5: my tuesday.
Speaker 4: Okay, thank you.
Speaker 3: Oh come on, hey, okay, hey, before we do talk
Speaker 3: about that gainers and decliners today, what's on your radar?
Speaker 5: We have to talk about. Nike shares are up by
Speaker 5: more than four percent. That's after it's CEO Elliott Hill
Speaker 5: reportedly bought one million dollars worth of shares, and of
Speaker 5: course this comes after Nike shares rallied last week after
Speaker 5: Apple c O Tim Cook bought shares and he doubled
Speaker 5: his stake. He bought around three million dollars. He doubled
Speaker 5: his stake, which is also signaling confidence in Hill's strategy.
Speaker 5: So he basically doubled down. And we know that Nike
Speaker 5: has really struggled for some time. They reported weaker quarterly margins,
Speaker 5: sluggish shales in China, and even Converse also sluggish.
Speaker 3: I wear these companies, Nike and Apple have long been
Speaker 3: very close, and I don't know if if Yeah, Tim
Speaker 3: Cook is lead director at Nike, he's.
Speaker 4: He's on the company so yeah, oh yeah, he's on
Speaker 4: the board for years.
Speaker 5: Still took it as it, yeah, as a vote of
Speaker 5: confidence because that's his personal state. But yeah, nine slaughters buying.
Speaker 5: We like to see that, right. Nike's on track for
Speaker 5: its fourth year of the clients. Oh, it's its fourth
Speaker 5: year of the clients, and the stock is now down
Speaker 5: some sixty five percent off its all time heighths in
Speaker 5: twenty twenty one.
Speaker 1: All right, let's go to a story that I might
Speaker 1: gotten fascinated by. But yeah, of course Trump media and technology.
Speaker 1: You've been watching, we have been watching.
Speaker 5: It's a val tile stock DJT, so they said it
Speaker 5: plans to distribute a new digital token to shareholders in
Speaker 5: partnership with Crypto dot com. The stock is up by
Speaker 5: more than five percent. Tickers DJT one digital token. You
Speaker 5: can expect if you could have one digital token, you'll
Speaker 5: get one share of DJT. But this company has just
Speaker 5: been interesting. Matt Winkler, the c EIC emeritus of Bloomberg.
Speaker 5: He wrote an op ed on December nineteen. He said, Okay,
Speaker 5: look at this company. It generated just three point seven
Speaker 5: million in revenue over the past twelve months, posted an
Speaker 5: operating loss of one hundred and eighty six million, and
Speaker 5: it's the only company among its twenty domestic peers with
Speaker 5: no widely disseminated twelve month target share price, no revenue estimate,
Speaker 5: no earnings forecasts. So what do you make of that?
Speaker 5: How do you look at a company like that?
Speaker 1: Well, this is something that we've had a conversation of,
Speaker 1: just like you know, companies' assets, trades that are tied
Speaker 1: to the White House very clearly, and you do have
Speaker 1: to be, some would say, very smart about looking at
Speaker 1: these things.
Speaker 5: Title White House or a very very well known name,
Speaker 5: which leads us to think that maybe is personality driven
Speaker 5: investing behind us. I'm not quite sure.
Speaker 1: Oh, that's a good point. That's a good point. All right,
Speaker 1: let's go to some decliners.
Speaker 5: Decliners, So maybe you can talk about Corset ticker cort
Speaker 5: So shares fail after regulators rejected the company's drug to
Speaker 5: treat a form of high blood pressure. So biotech firms,
Speaker 5: you know that they really swing widely after FDA approval
Speaker 5: or rejection. So the stock is down fifty percent, and
Speaker 5: this means that the company shed nearly three and a
Speaker 5: half billion dollars in their market cap, so it's really
Speaker 5: a huge loss. So they're studying the drug to treat
Speaker 5: patients with hypertension who have too much of the hormone
Speaker 5: cordy sool in their bodies.
Speaker 4: Okay, Robinhood very briefly, robin.
Speaker 5: Hood stock is down by two percent. Need them basically
Speaker 5: cut their price target and robin Hood, but I just
Speaker 5: want to bring up the robin Hood has had an
Speaker 5: interesting year because this year they added sports wager and capabilities.
Speaker 5: They're really tapping into that whole polymarket calshy world, and
Speaker 5: customers will be able to customize combinations with as many
Speaker 5: as ten outcomes. This is a new beat, honestly, and
Speaker 5: I'm still learning about it. When I read about polymarket
Speaker 5: and cal shee, I'm new to it. I look at
Speaker 5: the website. There's a bet that will Jesus come in
Speaker 5: twenty twenty five. There's a lot of serious but a
Speaker 5: lot of what what is that beat? Well, Jesus come
Speaker 5: so we'll know six hours.
Speaker 4: I just want to know.
Speaker 1: Is Elvis coming in twenty twenty six?
Speaker 4: Maybe? Okay, get there.
Speaker 3: I'm going to talk about facts before we get to
Speaker 3: Elvis or you Robinhood up more than two hundred percent
Speaker 3: this year, two hundred three percent this year.
Speaker 5: It's a big deal. And they got added to the also, yes,
Speaker 5: so they got a huge pop because of that. Although
Speaker 5: not every stock that gets added gets a pop, but
Speaker 5: they're one of those that did. So it's a really
Speaker 5: big year for them after being just a memestock in
Speaker 5: twenty twenty one.
Speaker 1: Well, it was a good year. When we've got you
Speaker 1: in the studio. Thank you so much, Happy New Year.
Speaker 1: Really appreciate it. Bloomberg News process at reporter Isabell Lee.
Speaker 2: She does so much here for us.
Speaker 1: Happy Happy twenty six.
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