Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Got Isbell Lee sitting for Scarlet Fill and Paul Sweeney.
Speaker 2: We're live here in on our Bloomberg and at the broker
Speaker 2: studio or streaming live on YouTube, as well as John Osam.
Speaker 2: We got some red on the screen here. Let's take
Speaker 2: a look at some of the stocks on the move today.
Speaker 2: We can do that with ta Channa Daria, strategist for
Speaker 2: Bloomberg Markets Live to Channa, what are you looking at?
Speaker 1: Well?
Speaker 3: You mentioned Apple of pairing at those earlier declines, now
Speaker 3: about down about half of percent or so. The company
Speaker 3: did deliver a very solid report, a record quarterly sales
Speaker 3: during the holiday season, a better than anticipated forecast for
Speaker 3: the current period. However, executives warned about rising component costs
Speaker 3: that are threatening margins so amid the strong demand for
Speaker 3: the new iPhone, growth and services and should I say
Speaker 3: a big rebound in China that's been kind of week
Speaker 3: four a long time. They posted their biggest sales quarter
Speaker 3: they are in four years, but rising memory chip prices
Speaker 3: and supply chain constraints will weigh on margin. Co Tim
Speaker 3: Cooksa's and you can clearly see the demand for those
Speaker 3: memory chips and devices in the performance of sand disk,
Speaker 3: which is rallying about ten percent. So memory chips top
Speaker 3: demand right now.
Speaker 1: I know that was really a big, big rally we've
Speaker 1: seen from sand Disk. What about Decker's outdoor?
Speaker 3: All right? So the owner of UGH and Hoka is
Speaker 3: that you pronounced.
Speaker 2: On Hokas, Katie Grafeld loves that.
Speaker 3: Well. They raised their annual forecast and be the estimates
Speaker 3: after reporting strength across the US sales for the third
Speaker 3: quarter exceed expectations, leading multiple analysts to raise their price
Speaker 3: target on the stock, which has now been boosted to
Speaker 3: one hundred and twenty six dollars and fifty cents a share.
Speaker 3: We're now trading at one hundred and fourteen dollars just
Speaker 3: four Perspective and BI analyst their note, do Hokah is
Speaker 3: in the early state ages internationally with room to grow
Speaker 3: into a multi billion dollar brand. So forget your added
Speaker 3: US or I don't know you have the right pronunciation.
Speaker 3: We'll call them added US in Europe or your Nikes
Speaker 3: because Hokus and on shoes are now the new hot thing.
Speaker 3: Well Adiita, that is a family name.
Speaker 2: But yes, no, we say Adidas here.
Speaker 3: Sorry all right? He about MX Well, another big consumer name,
Speaker 3: the paper payment Companies transaction volume for credit cards and
Speaker 3: other products, beat estimates and said it will boost its
Speaker 3: dividend by sixteen percent. However, your shares down a two
Speaker 3: point five percent tickers AXP because higher than expected cost
Speaker 3: overshadow the results, mainly due to a refresh of its
Speaker 3: platinum credit card. Well, the CEO is saying that's a
Speaker 3: strategic effort that is already paying off. Nonetheless, higher than
Speaker 3: expected costs are emerging as a big thing this scarning
Speaker 3: season so far.
Speaker 1: The Stock Movers report from Bloomberg Rade. Check back with
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