WEBVTT - Apple, American Express Fall After Earnings; Decker Rises 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Got Isbell Lee sitting for Scarlet Fill and Paul Sweeney.

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<v Speaker 2>We're live here in on our Bloomberg and at the broker

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<v Speaker 2>studio or streaming live on YouTube, as well as John Osam.

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<v Speaker 2>We got some red on the screen here. Let's take

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<v Speaker 2>a look at some of the stocks on the move today.

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<v Speaker 2>We can do that with ta Channa Daria, strategist for

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<v Speaker 2>Bloomberg Markets Live to Channa, what are you looking at?

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<v Speaker 1>Well?

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<v Speaker 3>You mentioned Apple of pairing at those earlier declines, now

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<v Speaker 3>about down about half of percent or so. The company

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<v Speaker 3>did deliver a very solid report, a record quarterly sales

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<v Speaker 3>during the holiday season, a better than anticipated forecast for

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<v Speaker 3>the current period. However, executives warned about rising component costs

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<v Speaker 3>that are threatening margins so amid the strong demand for

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<v Speaker 3>the new iPhone, growth and services and should I say

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<v Speaker 3>a big rebound in China that's been kind of week

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<v Speaker 3>four a long time. They posted their biggest sales quarter

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<v Speaker 3>they are in four years, but rising memory chip prices

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<v Speaker 3>and supply chain constraints will weigh on margin. Co Tim

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<v Speaker 3>Cooksa's and you can clearly see the demand for those

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<v Speaker 3>memory chips and devices in the performance of sand disk,

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<v Speaker 3>which is rallying about ten percent. So memory chips top

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<v Speaker 3>demand right now.

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<v Speaker 1>I know that was really a big, big rally we've

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<v Speaker 1>seen from sand Disk. What about Decker's outdoor?

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<v Speaker 3>All right? So the owner of UGH and Hoka is

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<v Speaker 3>that you pronounced.

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<v Speaker 2>On Hokas, Katie Grafeld loves that.

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<v Speaker 3>Well. They raised their annual forecast and be the estimates

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<v Speaker 3>after reporting strength across the US sales for the third

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<v Speaker 3>quarter exceed expectations, leading multiple analysts to raise their price

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<v Speaker 3>target on the stock, which has now been boosted to

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<v Speaker 3>one hundred and twenty six dollars and fifty cents a share.

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<v Speaker 3>We're now trading at one hundred and fourteen dollars just

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<v Speaker 3>four Perspective and BI analyst their note, do Hokah is

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<v Speaker 3>in the early state ages internationally with room to grow

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<v Speaker 3>into a multi billion dollar brand. So forget your added

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<v Speaker 3>US or I don't know you have the right pronunciation.

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<v Speaker 3>We'll call them added US in Europe or your Nikes

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<v Speaker 3>because Hokus and on shoes are now the new hot thing.

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<v Speaker 3>Well Adiita, that is a family name.

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<v Speaker 2>But yes, no, we say Adidas here.

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<v Speaker 3>Sorry all right? He about MX Well, another big consumer name,

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<v Speaker 3>the paper payment Companies transaction volume for credit cards and

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<v Speaker 3>other products, beat estimates and said it will boost its

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<v Speaker 3>dividend by sixteen percent. However, your shares down a two

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<v Speaker 3>point five percent tickers AXP because higher than expected cost

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<v Speaker 3>overshadow the results, mainly due to a refresh of its

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<v Speaker 3>platinum credit card. Well, the CEO is saying that's a

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<v Speaker 3>strategic effort that is already paying off. Nonetheless, higher than

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<v Speaker 3>expected costs are emerging as a big thing this scarning

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<v Speaker 3>season so far.

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