Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast. This is your roundup of companies
Speaker 2: making news on Wall Street and beyond, harnessing the power
Speaker 2: of Bloomberg data.
Speaker 1: Let's take a look at some stocks on the move
Speaker 1: today and with us is Bloomberg News cross Asset reporter
Speaker 1: Denisa Tsikova on Friday's Stock Movers. There were, despite what
Speaker 1: was a kind of funny day again, some significant stocks
Speaker 1: that stood out clearly either up or down today. One
Speaker 1: of the big gainers was Boeing.
Speaker 3: For sure, Boeing was the big news of the day,
Speaker 3: of course, winning the next generation US fighter contract. What
Speaker 3: we saw initially US was six percent jump. Some of
Speaker 3: those gains faded sold the stock close steal three percent higher.
Speaker 3: That was actually enough to push it into ear today
Speaker 3: wins gain instead of ear today losses. So that's a
Speaker 3: small technical thing. What we saw, of course, is we're
Speaker 3: hearing hundreds of billions of door being spent. We're talking
Speaker 3: about that new sixth generation fighter jet. President Trump said
Speaker 3: that this will ensure that the USA continues to dominate
Speaker 3: the skies. Obviously, this has been ongoing for two years.
Speaker 3: It's a really big deal. And on the other side
Speaker 3: of the deal, we have walk Hill Martin, which actually
Speaker 3: had a pretty tough day. They were down nearly six
Speaker 3: percent on the day because of bummer.
Speaker 1: Right, they didn't get the deal.
Speaker 3: They didn't get it, and in twenty twenty two there
Speaker 3: was another contract which they actually get. So there was
Speaker 3: some expectations there.
Speaker 1: But I love the defense area, right, tim Like it's
Speaker 1: always the battle for the contract, and sometimes contracts are
Speaker 1: split among different companies and then other times it's like
Speaker 1: one clear winner and one clear loser.
Speaker 4: Well, I was watching this this from the Oval office
Speaker 4: President Trump along with Pete Haigs at the Defense Secretary.
Speaker 4: This Boeing secret Boeing plan has been flying for the
Speaker 4: last five years. I was looking for pictures of it.
Speaker 4: I couldn't find anything. This thing super secret. I want
Speaker 4: to see this thing.
Speaker 3: There is very little information about the spending as well.
Speaker 3: We heard one hundred billions from the President, but there
Speaker 3: has been other figures that have been out there, so
Speaker 3: it's really hard to tell exactly what's the pun.
Speaker 1: All right, So let's talk about some other decliners. FedEx
Speaker 1: with certainly front and center. We talked about it throughout
Speaker 1: our broadcasts as well. You have to talk about it's
Speaker 1: such a good company to watch a great economic bell Weather.
Speaker 3: Exactly bell Weather. We have weakening consumer affecting them, and
Speaker 3: we have the trade war really affecting them, and all
Speaker 3: those words people are so worried about, like inflation, consumer.
Speaker 3: It's clearly a really good goulge of this. That said,
Speaker 3: it started the day down about twelve percent. Those losses
Speaker 3: were paired to about six percent, so there was some
Speaker 3: relief there. Obviously, the market moved higher as well, so
Speaker 3: that was.
Speaker 2: Part of it.
Speaker 3: The big negative reaction came after the company lord its
Speaker 3: full year guidance for a third consecutive quarter, and it's
Speaker 3: cited inflation, which obviously market participants are very very worried about.
Speaker 3: The company has big exposure to a lot of things
Speaker 3: in the global economy. You can imagine with the trade
Speaker 3: war ongoing and escalating, things get very complicated. And something
Speaker 3: interesting in their outlook said that in their current outlook
Speaker 3: they assume that things don't change, don't worsen, so you
Speaker 3: can imagine if things escalate from here, maybe we can
Speaker 3: see more pain for the company, which is already down
Speaker 3: eighteen percent year to date. Staying on the consumer, yeah,
Speaker 3: Nike again something that we're worried about. The growing trade war.
Speaker 3: That was something that was mentioned. And we have this
Speaker 3: big turnover Nike that has been happening for sometimes. Nike
Speaker 3: shares end of the day five percent lore thanks to
Speaker 3: a subdued outlook with their third quarter results here today
Speaker 3: losses are ten percent. That said, there was a lot
Speaker 3: of optimism. We talked about it quite a few times
Speaker 3: in this few weeks. They have the Schemes campaign, they
Speaker 3: had the Super Bowl ad, so there was like a
Speaker 3: lot of upgrades and people were quite positive on the stock.
Speaker 3: So there is some underlying optimism, but clearly the weak
Speaker 3: consumer backdrop the tariffs are putting pressure on yet another
Speaker 3: retail name.
Speaker 1: Yeah, I keep thinking about that super Bowl ad, right
Speaker 1: all women, and I do think about We were talking
Speaker 1: with our cambassy and about, you know, is Nike still relevant?
Speaker 1: You know, and it seems like their new CEO is
Speaker 1: out there talking to sports you know, to well known
Speaker 1: athletes and thinking about I guess how they are using
Speaker 1: different you know, products from them and how to leverage it.
Speaker 1: So like you can't like count them out yet.
Speaker 3: Yeah, I'm kind of excited about the new collection. I'm
Speaker 3: really spend all my money on gim clothes, so I'm in.
Speaker 1: A Sien's collection.
Speaker 3: Yeah.
Speaker 1: I mean, if you think about right, that partnership, like
Speaker 1: maybe what they can do with it could be pretty
Speaker 1: pretty cool. I think what's interesting too, is that a
Speaker 1: lot of these names that you just talked about. You
Speaker 1: mentioned Nike was down nine percent of lows but finished
Speaker 1: well off that worst level. Same thing for FedEx, so
Speaker 1: we did see that happened maybe in the trade right
Speaker 1: about off the lows for a lot of names today
Speaker 1: for sure, which is good news.
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