Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today and Paul Swingian alongside Christina Kino, and
Speaker 3: we're joined by bloom Work Equities reporter Natali Knevich.
Speaker 1: Natalie, what are you looking at today?
Speaker 4: Let's start with Nike. The tickers and key E shares
Speaker 4: are up by almost five percent after the filing showed
Speaker 4: that Apple CEO Tim Cook bought almost three million dollars
Speaker 4: worth of shares on December twenty second. Tim Cook, he
Speaker 4: is Nike's lead independent director, so he made this move
Speaker 4: actually the next day after the stock tumbled by ten
Speaker 4: point five percent on disappointing EARNIX report. So Nike shares
Speaker 4: have been under pressure. The latest NIX release showed that
Speaker 4: sales in China are really, you know, under pressure. They
Speaker 4: were down by seventeen percent last quarter, and also the
Speaker 4: company expects decline in sales this quarter. So again shares
Speaker 4: are down by twenty percent this year. But for Tim Cook,
Speaker 4: that was a buying opportunity.
Speaker 1: Yeah, jeez, makes me wonder what does Tim cooksying and
Speaker 1: Nike that the rest of us are missing out on.
Speaker 3: It's interesting we're talking about brand loyalty. Like, you know,
Speaker 3: I thought I had brand loyalty, but then I started
Speaker 3: trading down to all these store brands, you know, governing
Speaker 3: food shopping and everything.
Speaker 1: I still have loyalties to Nike. I still buy Nike
Speaker 1: every time.
Speaker 4: Same. I'm were a Nike actually.
Speaker 1: But I see the kids that got brands I don't
Speaker 1: know of. Hoka. Yeah, there's a lot more. There's a
Speaker 1: lot more variety. Ou Yeah, right now, all right, I
Speaker 1: see what's going on there. All right, Cost go Costco.
Speaker 4: The tickets cost shares are up by two percent today.
Speaker 4: It came after an upgrade from an analyst from North
Speaker 4: Coast Research. Now. He upgraded the stock to buy from neutral. Now.
Speaker 4: He said, that says the price targ for twelve months
Speaker 4: at eleven hundred dollars. Now it's training at almost eight
Speaker 4: hundred and eighty dollars, So it's a pretty big move.
Speaker 4: It implies almost a thirty percent gain from the last price,
Speaker 4: so we know that the stock is actually also struggle
Speaker 4: and it is done by almost nine percent on a
Speaker 4: year today basis, but the latest earnings report was not
Speaker 4: that bad. The company says that a price sensitive customers
Speaker 4: continue to search for value, and they also see some
Speaker 4: gains across new brands and collaborations with Gap all the
Speaker 4: beauty and new products such as Dubai chocolate.
Speaker 1: All right, So when I was director of research, here's
Speaker 1: a rule.
Speaker 3: I had no rating change changes on these types of days,
Speaker 3: these Christmas Eve, you know, day after Thanksgiving, whether nobody's
Speaker 3: in the market. It's volatile because you're going to because
Speaker 3: you can rip the stock one way or the other,
Speaker 3: like you ripping Costco here.
Speaker 1: It's up eighteen points. That's not kosher.
Speaker 3: You don't know anyway, interesting one unless want to make
Speaker 3: a name for yourself and your spends.
Speaker 2: Interesting stock mover's report from the Radio Yes with us
Speaker 2: throughout today for the latest round.
Speaker 1: App companies making start up by.
Speaker 2: The latest market moving headlines the Bloomberg Radio from catch
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Speaker 4: Business fifteen fifty dollars per share in cash.
Speaker 2: We know that.
Speaker 4: So OFFI agreed to buy Dynavags for about two point
Speaker 4: two billion dollars and this deal will allow it to
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Speaker 4: and potentially it can also improve its profile across global
Speaker 4: vaccine distribution