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 --> 00:00:13,520 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 00:00:16,520 --> 00:00:18,920 Speaker 2: Got Isbell Lee sitting for Scarlet Fill and Paul Sweeney. 5 00:00:18,920 --> 00:00:20,439 Speaker 2: We're live here in on our Bloomberg and at the broker 6 00:00:20,480 --> 00:00:23,360 Speaker 2: studio or streaming live on YouTube, as well as John Osam. 7 00:00:23,400 --> 00:00:25,560 Speaker 2: We got some red on the screen here. Let's take 8 00:00:25,560 --> 00:00:27,479 Speaker 2: a look at some of the stocks on the move today. 9 00:00:27,480 --> 00:00:29,720 Speaker 2: We can do that with ta Channa Daria, strategist for 10 00:00:29,720 --> 00:00:31,880 Speaker 2: Bloomberg Markets Live to Channa, what are you looking at? 11 00:00:32,240 --> 00:00:32,400 Speaker 1: Well? 12 00:00:32,440 --> 00:00:36,160 Speaker 3: You mentioned Apple of pairing at those earlier declines, now 13 00:00:36,240 --> 00:00:39,360 Speaker 3: about down about half of percent or so. The company 14 00:00:39,400 --> 00:00:42,960 Speaker 3: did deliver a very solid report, a record quarterly sales 15 00:00:43,040 --> 00:00:46,320 Speaker 3: during the holiday season, a better than anticipated forecast for 16 00:00:46,400 --> 00:00:51,040 Speaker 3: the current period. However, executives warned about rising component costs 17 00:00:51,120 --> 00:00:54,520 Speaker 3: that are threatening margins so amid the strong demand for 18 00:00:54,600 --> 00:00:57,400 Speaker 3: the new iPhone, growth and services and should I say 19 00:00:57,440 --> 00:01:00,160 Speaker 3: a big rebound in China that's been kind of week 20 00:01:00,240 --> 00:01:03,880 Speaker 3: four a long time. They posted their biggest sales quarter 21 00:01:03,960 --> 00:01:07,280 Speaker 3: they are in four years, but rising memory chip prices 22 00:01:07,319 --> 00:01:11,000 Speaker 3: and supply chain constraints will weigh on margin. Co Tim 23 00:01:11,040 --> 00:01:13,600 Speaker 3: Cooksa's and you can clearly see the demand for those 24 00:01:13,640 --> 00:01:17,600 Speaker 3: memory chips and devices in the performance of sand disk, 25 00:01:17,640 --> 00:01:20,600 Speaker 3: which is rallying about ten percent. So memory chips top 26 00:01:20,640 --> 00:01:21,479 Speaker 3: demand right now. 27 00:01:21,600 --> 00:01:24,520 Speaker 1: I know that was really a big, big rally we've 28 00:01:24,520 --> 00:01:26,400 Speaker 1: seen from sand Disk. What about Decker's outdoor? 29 00:01:27,000 --> 00:01:30,200 Speaker 3: All right? So the owner of UGH and Hoka is 30 00:01:30,240 --> 00:01:31,360 Speaker 3: that you pronounced. 31 00:01:30,959 --> 00:01:33,520 Speaker 2: On Hokas, Katie Grafeld loves that. 32 00:01:34,520 --> 00:01:37,760 Speaker 3: Well. They raised their annual forecast and be the estimates 33 00:01:37,760 --> 00:01:41,040 Speaker 3: after reporting strength across the US sales for the third 34 00:01:41,160 --> 00:01:45,360 Speaker 3: quarter exceed expectations, leading multiple analysts to raise their price 35 00:01:45,440 --> 00:01:48,320 Speaker 3: target on the stock, which has now been boosted to 36 00:01:48,480 --> 00:01:51,600 Speaker 3: one hundred and twenty six dollars and fifty cents a share. 37 00:01:51,640 --> 00:01:54,920 Speaker 3: We're now trading at one hundred and fourteen dollars just 38 00:01:54,960 --> 00:01:59,120 Speaker 3: four Perspective and BI analyst their note, do Hokah is 39 00:01:59,200 --> 00:02:02,480 Speaker 3: in the early state ages internationally with room to grow 40 00:02:02,560 --> 00:02:06,480 Speaker 3: into a multi billion dollar brand. So forget your added 41 00:02:06,560 --> 00:02:08,839 Speaker 3: US or I don't know you have the right pronunciation. 42 00:02:08,960 --> 00:02:12,280 Speaker 3: We'll call them added US in Europe or your Nikes 43 00:02:12,320 --> 00:02:15,880 Speaker 3: because Hokus and on shoes are now the new hot thing. 44 00:02:16,200 --> 00:02:18,280 Speaker 3: Well Adiita, that is a family name. 45 00:02:18,360 --> 00:02:20,359 Speaker 2: But yes, no, we say Adidas here. 46 00:02:20,840 --> 00:02:26,480 Speaker 3: Sorry all right? He about MX Well, another big consumer name, 47 00:02:26,520 --> 00:02:30,000 Speaker 3: the paper payment Companies transaction volume for credit cards and 48 00:02:30,040 --> 00:02:33,440 Speaker 3: other products, beat estimates and said it will boost its 49 00:02:33,560 --> 00:02:37,399 Speaker 3: dividend by sixteen percent. However, your shares down a two 50 00:02:37,440 --> 00:02:42,600 Speaker 3: point five percent tickers AXP because higher than expected cost 51 00:02:42,720 --> 00:02:46,040 Speaker 3: overshadow the results, mainly due to a refresh of its 52 00:02:46,080 --> 00:02:49,160 Speaker 3: platinum credit card. Well, the CEO is saying that's a 53 00:02:49,200 --> 00:02:52,800 Speaker 3: strategic effort that is already paying off. Nonetheless, higher than 54 00:02:52,840 --> 00:02:55,359 Speaker 3: expected costs are emerging as a big thing this scarning 55 00:02:55,400 --> 00:02:56,160 Speaker 3: season so far. 56 00:02:57,240 --> 00:03:01,280 Speaker 1: The Stock Movers report from Bloomberg Rade. Check back with 57 00:03:01,360 --> 00:03:03,919 Speaker 1: us throughout the day for the latest roundup of companies 58 00:03:04,000 --> 00:03:07,120 Speaker 1: making news on Wall Street and for the latest market 59 00:03:07,120 --> 00:03:11,600 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 60 00:03:11,680 --> 00:03:15,200 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 61 00:03:15,240 --> 00:03:16,720 Speaker 1: the Bloomberg Business app.