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 throw.
Speaker 3: Master along with m Stanimak, Let's get to you some
Speaker 3: stocks on the move.
Speaker 1: With us Denisa Saekova, Bloomberg News cross ass that reporter.
Speaker 4: She joins us, I'm so happy to join you, guys.
Speaker 4: Nike is down. We've been talking about twenty.
Speaker 1: First interesting, it's moving as we speak.
Speaker 4: It's moving as you speak after ours, it's the futures.
Speaker 4: It's pretty much twenty four to seven trading. But Nike
Speaker 4: reported earnings after ours. It was better than expected results.
Speaker 4: But still we're seeing a pretty bad reaction in the stocks.
Speaker 4: We're seeing some catious commentary from executives and that was
Speaker 4: enough to trigger It's down more than.
Speaker 3: Three percent, four percent as we speak.
Speaker 4: Oh, down four percent as we speak. Yeah, it tumbled
Speaker 4: a few other percentage points. The stock is declined more
Speaker 4: than thirty six percent this year, so pretty rough start
Speaker 4: of the year. Sales were eleven billion for the fiscal quarters,
Speaker 4: surpassing the average estimate. Earnings for share worth seventy two
Speaker 4: cents far exceeding expectations. So we're seeing all those good
Speaker 4: company fundamentals delivering. But nevertheless, the investors have high bar.
Speaker 4: There has been this big transition for the last two
Speaker 4: years under the CEO, heel and the company has been progressing,
Speaker 4: but there has been so many different confusions and different
Speaker 4: problems that the investors have a pretty high bar.
Speaker 3: Yeah. The CEO yes, indeed, making some comments actually in
Speaker 3: the earning statement, he said that Nike is encouraged by
Speaker 3: progress and products designed for sports. Matt from the company's
Speaker 3: outgoing chief financial officers said the company's efforts to sell
Speaker 3: its products for full price remain challenged.
Speaker 5: Yes, that's a bit endove.
Speaker 4: It says a lot. And they had a lot of controversary.
Speaker 4: They had like a Boston Marathon ad that got pulled,
Speaker 4: then some of the World Cup inventories being hard to
Speaker 4: sell and getting that comment as well as full price
Speaker 4: items are hard to sell. You know, there are a
Speaker 4: lot of pressures, a lot of controversies.
Speaker 1: Those Team us A Jersey are moving quickly though, and
Speaker 1: those are Nike. I guess Pul of Bloomberg Intelligence saying
Speaker 1: on Bloomberg Intelligence earlier today, well, talking about the China
Speaker 1: story ahead of these earnings, but there are questions about it.
Speaker 1: Are they going to still have an investor day given
Speaker 1: that there's a new CFO. Well that's interesting the investor day.
Speaker 1: I don't know if they've announced anything yet. I didn't
Speaker 1: see it in the terminal yet.
Speaker 3: I didn't see an announcement for that, not yet, so stand.
Speaker 1: By, okay the next I'm obsessed with this story, and
Speaker 1: I think everybody who has a smartphone, yes, yes, yes, yes,
Speaker 1: there could be some competition.
Speaker 4: There could be competition for Verizon Communications and AT and T.
Speaker 4: The stocks were down. Verizon VZ is the ticker was
Speaker 4: down three percent today. At and T the ticker is
Speaker 4: T is down five percent today, and it's coming off
Speaker 4: news from SpaceX. SpaceX held executive level talks about partnering
Speaker 4: on a consumer mobile fine offering. You know, SpaceX has
Speaker 4: been really disrupting a lot of like the wireless business,
Speaker 4: and I'm sure Elon disrupting. He is disrupting a right
Speaker 4: look a look at the stock price. So Charter, the
Speaker 4: largest home internet provider in the US, could run some
Speaker 4: of SpaceX phone traffic through its ground based internet infrastructure.
Speaker 4: So the company already offers Starlink mobile service as a
Speaker 4: ten door month add on on Tiamobile, Inc. But then
Speaker 4: the thing is, I think SpaceX can go directly and
Speaker 4: offer it to consumers, so they don't need Tiamobile, they
Speaker 4: don't need AT and T, they don't need Verizon. And
Speaker 4: we can see that reflected in the stock price. Clearly
Speaker 4: investors are pretty bullish on SpaceX and not so bullition
Speaker 4: on Veriecity.
Speaker 5: I can't I tell you this could be a game changer,
Speaker 5: more competition and also could mean that these companies are
Speaker 5: able to or are forced to charge less if there's
Speaker 5: another competitor.
Speaker 4: The coet competation.
Speaker 1: I don't want to blow up Mike McKee's spot, but
Speaker 1: he was on this very cool vacation last week and
Speaker 1: a very rural part of this country where typically you
Speaker 1: wouldn't have any sort of cell phone service, and one
Speaker 1: of the guys on his trip had brought and I
Speaker 1: was like, Oh, it must have been so nice to
Speaker 1: be unplugged and get away from it all and somebody
Speaker 1: brought more.
Speaker 5: But you can it's somebody brought start, right, Can we
Speaker 5: do the reveal?
Speaker 3: Like we were out in Southampton and not great service and
Speaker 3: our whole crew doing our broadcast. Did it via starlink.
Speaker 4: It is so good even on airplaneses like you can
Speaker 4: see how how much better is the Wi Fi now
Speaker 4: compared to like two years ago.
Speaker 5: It's just crazy game changer.
Speaker 3: Okay, time for one more Strategy.
Speaker 4: We've been talking a lot about Strategy. It had a
Speaker 4: great day yesterday, but it only lasted one day. Strategy
Speaker 4: shares filled more than six percent today only start cutting
Speaker 4: their price tag. We had both TD Cowen cut their
Speaker 4: price tag from four hundred to two hundred and sixty.
Speaker 4: That's a pretty big cut. And then kind of court,
Speaker 4: Genuineity cut their price taget from one hundred and sixty
Speaker 4: to one hundred and thirty. Nevertheless, the company says that
Speaker 4: they may sell up to one point more than one
Speaker 4: billion of bitcoin, and clearly yesterday that was enough relief
Speaker 4: for investors. But the direction of travel is not great.
Speaker 4: The stock has been selling off for months. It's down
Speaker 4: about forty percent year today, and it's script to winter
Speaker 4: and it's a prolonged scrypt to winter.
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