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: I'm Carol Masser, a long with Tim Stent of it.
Speaker 3: Let's get to some stocks on the move today. Bloomberg
Speaker 3: News Equities reporter Avalon Prenel is in the house with us.
Speaker 3: We got to talk Nike because it's been moving in
Speaker 3: the aftermarket.
Speaker 4: Sure do. That's ticker NKE, that's dipping about two point
Speaker 4: nine percent, despite the fact that it reported fairly good results.
Speaker 4: Revenue was about a little bit above estimates, and Nike
Speaker 4: out performed in North America. That being said, the firm
Speaker 4: has yet to issue longer term guidance and that is
Speaker 4: expected today at five pm New York time on the
Speaker 4: earnings call. So that really will decide which direction Nike
Speaker 4: will be.
Speaker 3: Yeah, and it's interesting because even though China showed improvement,
Speaker 3: but we talked with our Pudam Goyle of Bloomberg Intelligence
Speaker 3: to saying that I think the issue still in Asia
Speaker 3: in general, right and in your there were some issues.
Speaker 3: I think that she said that they've got to figure out.
Speaker 1: And it's been beat up this year. Caroll down seventeen
Speaker 1: percent so far this year going into this print, Like
Speaker 1: Avalon said, we're recording this just ahead. We're speaking just
Speaker 1: ahead of that five o'clock call, so we'll see what
Speaker 1: guidances from Elliot Hill.
Speaker 3: You know what was flying high today? What airlines?
Speaker 4: Yes, United Airlines, that's ticker UAL up eight point one
Speaker 4: percent at the close. That's after Iran's president said that
Speaker 4: the country had the necessary will to end this war
Speaker 4: but expected started requirements to be met. Unclear if that's
Speaker 4: any change in direction on their part, but considering how
Speaker 4: high jet fuel prices are, that's good news for airlines.
Speaker 1: Yeah.
Speaker 3: Listen, we were looking at the whole space, the S
Speaker 3: and P Supercomposite Airline Index. It all nine names in
Speaker 3: the index were hired today and we saw the index
Speaker 3: overall for the trade. It was up about five point
Speaker 3: seven percent for the day. So yeah, that group was
Speaker 3: definitely outperforming.
Speaker 1: Delta up six point seven percent, American up six point one.
Speaker 3: Yeah, all of them. Wow, Yeah, surging right, flying high?
Speaker 3: You can did there? I do? Yeah, that's kind of
Speaker 3: la huh. All right, let's go to something in the
Speaker 3: pharmaceutical space.
Speaker 4: Yes, I have to bring a pharma stock a Pealace
Speaker 4: Pharmaceuticals that's ticker APLS closed up one and thirty five
Speaker 4: percent for its biggest intra day leap on record. That's
Speaker 4: after Biogen agreed to buy the biotech for about five
Speaker 4: point six billion dollars. The deal will help Biogen boost
Speaker 4: its kidney franchise and also expand treatments and rare diseases.
Speaker 3: Oh my god, how did I miss that one?
Speaker 1: Holy schmollies, because there was there was so much.
Speaker 3: There's a lot for me to get a ton of
Speaker 3: m and A today.
Speaker 1: I should say this this was a Bloomberg exclusive. It
Speaker 1: was from Jerry Smith and Michelle Davis. So check this
Speaker 1: one out on the Bloomberg terminal avalon reminding us Biogenic
Speaker 1: Green to buy a Palace Pharmaceuticals for five point six
Speaker 1: billion dollars.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Law, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app,