1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,400 --> 00:00:18,680 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:18,960 --> 00:00:22,560 Speaker 2: I'm Tom Keene with Paul Sweeney and Bloomberg's Lisa Matteo. 6 00:00:23,280 --> 00:00:26,400 Speaker 3: Uh Nike ticker NK, that's what we're talking about. Their 7 00:00:26,400 --> 00:00:29,639 Speaker 3: shares up three percent, so they had better than expected 8 00:00:29,680 --> 00:00:32,680 Speaker 3: results right there. Sales fell one percent and that was 9 00:00:32,720 --> 00:00:36,760 Speaker 3: a smaller drop than investors and anticipated. So they had 10 00:00:36,800 --> 00:00:39,440 Speaker 3: gained in the running shoe business. That really helped because 11 00:00:39,560 --> 00:00:42,000 Speaker 3: remember the Nike dunks, that was all the rain age, 12 00:00:42,000 --> 00:00:45,400 Speaker 3: and now that they were trying to refocus their energy 13 00:00:45,440 --> 00:00:48,159 Speaker 3: towards the basics, like running basketball, and it seems like 14 00:00:48,200 --> 00:00:50,040 Speaker 3: that's starting to work for the company. So they've been 15 00:00:50,120 --> 00:00:50,440 Speaker 3: rolling out. 16 00:00:50,600 --> 00:00:51,720 Speaker 2: They're brought to basics. 17 00:00:51,840 --> 00:00:52,879 Speaker 3: Yeah, back to basics. 18 00:00:53,200 --> 00:00:56,160 Speaker 2: Basically the stock has been a moonshot and then a collapse. 19 00:00:56,320 --> 00:00:58,320 Speaker 4: Right Yeah, Well we heard from Putnam Goil yesterday. A 20 00:00:58,320 --> 00:01:00,800 Speaker 4: Bloomberg intelligence is they have too much inventory, so they 21 00:01:00,840 --> 00:01:03,440 Speaker 4: got to cut prices, clear the inventory. That's why the 22 00:01:03,440 --> 00:01:06,480 Speaker 4: sales are down. But once that happens. Maybe things are better. 23 00:01:06,560 --> 00:01:09,720 Speaker 2: Stop the podcast. How come you get Poonham. 24 00:01:09,280 --> 00:01:12,360 Speaker 4: Going right now? Exactly exactly. 25 00:01:13,720 --> 00:01:17,440 Speaker 2: Could you buy these shoes, Lisa at normal stores like 26 00:01:17,640 --> 00:01:20,760 Speaker 2: Amazon or that you can get it coming' worth a 27 00:01:20,800 --> 00:01:21,480 Speaker 2: lot of money. 28 00:01:21,680 --> 00:01:24,280 Speaker 3: They do the collector ones like those the Nike dunks 29 00:01:24,280 --> 00:01:25,760 Speaker 3: that we were talking about, Like a lot of people 30 00:01:25,800 --> 00:01:28,080 Speaker 3: do collect them and they go for big dollars. But 31 00:01:28,720 --> 00:01:31,520 Speaker 3: they've been cheering away from the running things because they've 32 00:01:31,520 --> 00:01:33,559 Speaker 3: had so much you know, competition, you have the hook, 33 00:01:33,760 --> 00:01:35,520 Speaker 3: you have the on, you know holding, you have like 34 00:01:35,520 --> 00:01:37,320 Speaker 3: a lot of those running shoes, the Brooks, like, there's 35 00:01:37,360 --> 00:01:39,399 Speaker 3: so much competition. So now they want to get back 36 00:01:39,400 --> 00:01:40,640 Speaker 3: into it because they step. 37 00:01:40,480 --> 00:01:41,000 Speaker 2: Back for a bit. 38 00:01:41,160 --> 00:01:42,840 Speaker 3: Okay, so we'll see if it works. It looks like 39 00:01:42,880 --> 00:01:46,840 Speaker 3: it's working for them. So egg producer Calmine Foods take 40 00:01:46,840 --> 00:01:50,720 Speaker 3: our c ahl m yes down as much as eight percent, 41 00:01:51,240 --> 00:01:54,880 Speaker 3: so they posted first quarter profit sales disappointed despite growing 42 00:01:54,920 --> 00:01:57,600 Speaker 3: demand for high protein foods. We always talk about it, right, 43 00:01:57,640 --> 00:02:01,200 Speaker 3: people needing more eggs. The supply I though, continuing to 44 00:02:01,400 --> 00:02:03,800 Speaker 3: recover from the bird flu. That's from the bird flu 45 00:02:03,840 --> 00:02:09,040 Speaker 3: outbreaks more chickens. Maybe that's Paul's answer for it all exactly. 46 00:02:09,360 --> 00:02:13,440 Speaker 2: It's a deceptive it's California main foods. Yes, and they're 47 00:02:13,480 --> 00:02:15,400 Speaker 2: in Ridgeland, Mississippi, yep. 48 00:02:15,960 --> 00:02:19,080 Speaker 3: Okay, yeah. So they say that what's driving the sales 49 00:02:19,160 --> 00:02:24,640 Speaker 3: is actually specialty eggs, so cage free, nutritionally enhands to eggs. 50 00:02:27,919 --> 00:02:30,320 Speaker 2: The blue ones are outrageous. Well can you get the 51 00:02:30,360 --> 00:02:35,600 Speaker 2: blue ones like the blue ones ones? I don't you know? Okay, 52 00:02:35,680 --> 00:02:37,880 Speaker 2: so they do is the summary. They're doing better. 53 00:02:38,600 --> 00:02:41,080 Speaker 3: Uh No, they're not doing as good as as hoped 54 00:02:41,240 --> 00:02:42,920 Speaker 3: and that was a problem. That's why their stares are 55 00:02:42,960 --> 00:02:44,639 Speaker 3: lower another. 56 00:02:44,720 --> 00:02:47,560 Speaker 2: Fifteen to ninety four. It looks like my kind of stuck. 57 00:02:50,800 --> 00:02:54,680 Speaker 3: One other taking a tank. Wow, Lithium America's tacker LAC. 58 00:02:55,680 --> 00:02:58,519 Speaker 3: Oh No, they're riding thirty two percent. So the reason 59 00:02:58,600 --> 00:03:01,160 Speaker 3: behind this we had Secretary of a Chris Wright. He 60 00:03:01,240 --> 00:03:03,120 Speaker 3: told Lumberg TV he was on, and he said that 61 00:03:03,120 --> 00:03:05,040 Speaker 3: the government's going to take a five percent stake in 62 00:03:05,040 --> 00:03:09,320 Speaker 3: the company. The Canadian mining company develops Thatcherpass project in Nevada, 63 00:03:09,760 --> 00:03:11,880 Speaker 3: and it comes after a drop in the price for 64 00:03:12,040 --> 00:03:15,559 Speaker 3: lithium and lithium you know, used for ev battery, smartphones, 65 00:03:15,600 --> 00:03:18,240 Speaker 3: things like that, renewable energy storage and then you have 66 00:03:18,320 --> 00:03:21,480 Speaker 3: analysts talking about it, like our Web Bush analyst Dan Ives. 67 00:03:21,760 --> 00:03:23,720 Speaker 3: He says that the government taking a stake is a 68 00:03:23,720 --> 00:03:27,200 Speaker 3: game changer deal for lithium. He says that thatkerpass is 69 00:03:27,200 --> 00:03:30,359 Speaker 3: going to help the US reduce its reliance on China, 70 00:03:30,400 --> 00:03:32,160 Speaker 3: and he says that's going to be a big part 71 00:03:32,160 --> 00:03:35,160 Speaker 3: of it. And other lithium stocks are moving. You have 72 00:03:35,200 --> 00:03:37,240 Speaker 3: Standard Lithium that was up about seven percent. 73 00:03:37,440 --> 00:03:39,880 Speaker 4: Lithium this is small company market cap one point four 74 00:03:39,880 --> 00:03:44,760 Speaker 4: billion dollars, so Lithium Americas small company lium. 75 00:03:44,880 --> 00:03:48,160 Speaker 3: So the small company, yes, yes, but they're sucks Yeah 76 00:03:48,360 --> 00:03:52,040 Speaker 3: after them thirty two percent. And finally aes Corp. It's 77 00:03:52,080 --> 00:03:55,720 Speaker 3: sticker aees, it's a power company. Shares yeah, have been 78 00:03:55,800 --> 00:03:59,920 Speaker 3: up like it fourteen percent. Blackrock apparently black Rock school 79 00:04:00,040 --> 00:04:03,240 Speaker 3: infrastructure partner apparently and talks to buy the company. But 80 00:04:03,360 --> 00:04:05,560 Speaker 3: this is an AI power story because we've been talking 81 00:04:05,560 --> 00:04:08,440 Speaker 3: about the need for power. Yeah, And then investors are 82 00:04:08,480 --> 00:04:10,280 Speaker 3: hoping that the AI boom is going to lift them 83 00:04:10,280 --> 00:04:12,480 Speaker 3: in and that's why they're making that investment. 84 00:04:13,400 --> 00:04:17,400 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 85 00:04:17,480 --> 00:04:20,040 Speaker 1: us throughout the day for the latest roundup. Of companies 86 00:04:20,120 --> 00:04:23,240 Speaker 1: making news on Wall Street, and for the latest market 87 00:04:23,279 --> 00:04:27,719 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. 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