WEBVTT - Nike Jumps, Costco Upgraded, Dynavax Soars

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

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today and Paul Swingian alongside Christina Kino, and

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<v Speaker 3>we're joined by bloom Work Equities reporter Natali Knevich.

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<v Speaker 1>Natalie, what are you looking at today?

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<v Speaker 4>Let's start with Nike. The tickers and key E shares

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<v Speaker 4>are up by almost five percent after the filing showed

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<v Speaker 4>that Apple CEO Tim Cook bought almost three million dollars

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<v Speaker 4>worth of shares on December twenty second. Tim Cook, he

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<v Speaker 4>is Nike's lead independent director, so he made this move

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<v Speaker 4>actually the next day after the stock tumbled by ten

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<v Speaker 4>point five percent on disappointing EARNIX report. So Nike shares

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<v Speaker 4>have been under pressure. The latest NIX release showed that

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<v Speaker 4>sales in China are really, you know, under pressure. They

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<v Speaker 4>were down by seventeen percent last quarter, and also the

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<v Speaker 4>company expects decline in sales this quarter. So again shares

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<v Speaker 4>are down by twenty percent this year. But for Tim Cook,

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<v Speaker 4>that was a buying opportunity.

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<v Speaker 1>Yeah, jeez, makes me wonder what does Tim cooksying and

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<v Speaker 1>Nike that the rest of us are missing out on.

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<v Speaker 3>It's interesting we're talking about brand loyalty. Like, you know,

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<v Speaker 3>I thought I had brand loyalty, but then I started

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<v Speaker 3>trading down to all these store brands, you know, governing

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<v Speaker 3>food shopping and everything.

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<v Speaker 1>I still have loyalties to Nike. I still buy Nike

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<v Speaker 1>every time.

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<v Speaker 4>Same. I'm were a Nike actually.

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<v Speaker 1>But I see the kids that got brands I don't

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<v Speaker 1>know of. Hoka. Yeah, there's a lot more. There's a

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<v Speaker 1>lot more variety. Ou Yeah, right now, all right, I

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<v Speaker 1>see what's going on there. All right, Cost go Costco.

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<v Speaker 4>The tickets cost shares are up by two percent today.

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<v Speaker 4>It came after an upgrade from an analyst from North

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<v Speaker 4>Coast Research. Now. He upgraded the stock to buy from neutral. Now.

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<v Speaker 4>He said, that says the price targ for twelve months

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<v Speaker 4>at eleven hundred dollars. Now it's training at almost eight

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<v Speaker 4>hundred and eighty dollars, So it's a pretty big move.

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<v Speaker 4>It implies almost a thirty percent gain from the last price,

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<v Speaker 4>so we know that the stock is actually also struggle

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<v Speaker 4>and it is done by almost nine percent on a

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<v Speaker 4>year today basis, but the latest earnings report was not

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<v Speaker 4>that bad. The company says that a price sensitive customers

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<v Speaker 4>continue to search for value, and they also see some

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<v Speaker 4>gains across new brands and collaborations with Gap all the

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<v Speaker 4>beauty and new products such as Dubai chocolate.

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<v Speaker 1>All right, So when I was director of research, here's

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<v Speaker 1>a rule.

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<v Speaker 3>I had no rating change changes on these types of days,

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<v Speaker 3>these Christmas Eve, you know, day after Thanksgiving, whether nobody's

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<v Speaker 3>in the market. It's volatile because you're going to because

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<v Speaker 3>you can rip the stock one way or the other,

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<v Speaker 3>like you ripping Costco here.

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<v Speaker 1>It's up eighteen points. That's not kosher.

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<v Speaker 3>You don't know anyway, interesting one unless want to make

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<v Speaker 3>a name for yourself and your spends.

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<v Speaker 2>Interesting stock mover's report from the Radio Yes with us

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<v Speaker 2>throughout today for the latest round.

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<v Speaker 1>App companies making start up by.

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<v Speaker 2>The latest market moving headlines the Bloomberg Radio from catch

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<v Speaker 2>us on YouTube, Bloomberg dot com and on the Apple

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<v Speaker 2>car Play and with the Bloomberg.

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<v Speaker 4>Business fifteen fifty dollars per share in cash.

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<v Speaker 2>We know that.

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<v Speaker 4>So OFFI agreed to buy Dynavags for about two point

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<v Speaker 4>two billion dollars and this deal will allow it to

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<v Speaker 4>get more access to different vaccines including hepatitis B vaccine

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<v Speaker 4>and potentially it can also improve its profile across global

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<v Speaker 4>vaccine distribution