1 00:00:02,560 --> 00:00:07,400 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,680 --> 00:00:13,080 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,119 --> 00:00:16,520 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,520 --> 00:00:19,200 Speaker 3: Let's get a check on some of the stocks on 5 00:00:19,239 --> 00:00:21,680 Speaker 3: the move for that. Let's toss things over the Bloomberg 6 00:00:21,720 --> 00:00:24,360 Speaker 3: News crosshouse. That reporter Deniza Stikova, She's back at Bloomberg 7 00:00:24,360 --> 00:00:26,640 Speaker 3: headquarters in New York City. You are watching some stocks 8 00:00:26,680 --> 00:00:29,920 Speaker 3: on the move. Nike, man, it's been off and running. 9 00:00:30,080 --> 00:00:31,040 Speaker 3: See what I did there. 10 00:00:31,480 --> 00:00:35,640 Speaker 4: Let's start with Nike. The ticker is n key Ke. 11 00:00:35,720 --> 00:00:38,760 Speaker 4: The stock rules as much as eighteen percent today. That 12 00:00:38,880 --> 00:00:41,640 Speaker 4: was actually the biggest intro day jump in about twenty 13 00:00:41,680 --> 00:00:45,160 Speaker 4: six years. Now it's about fourteen to fifteen percent. Nike 14 00:00:45,320 --> 00:00:48,800 Speaker 4: said it's ear long sales decline is starting to ease 15 00:00:49,040 --> 00:00:51,879 Speaker 4: and forecast to this more than inspected drop in revenue 16 00:00:52,200 --> 00:00:55,200 Speaker 4: and obviously to send the stock on a massive jump today. 17 00:00:55,720 --> 00:00:59,280 Speaker 4: We have had the new CEO, elliotts Ho, having so 18 00:00:59,360 --> 00:01:05,080 Speaker 4: many stretches, moves, refocusing on sports cleanup inventories. They've been 19 00:01:05,120 --> 00:01:08,679 Speaker 4: trying to lure more women into the brand. We have 20 00:01:08,840 --> 00:01:11,960 Speaker 4: Nike schemes which actually there was a Deale, which was 21 00:01:12,000 --> 00:01:15,720 Speaker 4: in great news for investors, but also the Nike's returning 22 00:01:15,760 --> 00:01:19,319 Speaker 4: to Amazon. They're expecting to have their own featured store, 23 00:01:19,400 --> 00:01:22,000 Speaker 4: so they're all those developments, which a lot of them 24 00:01:22,040 --> 00:01:24,880 Speaker 4: have been derailed with tariffs. The stock was actually is 25 00:01:24,920 --> 00:01:27,720 Speaker 4: actually down five percent year today, but today we're seeing 26 00:01:27,800 --> 00:01:30,240 Speaker 4: really big relief and optimism and really one of the 27 00:01:30,280 --> 00:01:32,880 Speaker 4: best days in quite some time for Nike, up about 28 00:01:32,920 --> 00:01:33,640 Speaker 4: fourteen percent. 29 00:01:34,160 --> 00:01:34,319 Speaker 3: Yeah. 30 00:01:34,319 --> 00:01:35,800 Speaker 1: I think a big question that a lot of people 31 00:01:35,840 --> 00:01:38,200 Speaker 1: have is, Okay, what does this revamp look like under 32 00:01:38,240 --> 00:01:40,080 Speaker 1: Elliott Hill? How long is it going to take? As 33 00:01:40,080 --> 00:01:43,600 Speaker 1: we talked with Punam Goyel yesterday, how are they going 34 00:01:43,640 --> 00:01:45,479 Speaker 1: to Why aren't they selling down this inventory as quickly 35 00:01:45,520 --> 00:01:46,360 Speaker 1: as we thought they would. 36 00:01:46,680 --> 00:01:48,600 Speaker 3: Yeah, that's I think a big situation. But I think 37 00:01:48,600 --> 00:01:51,360 Speaker 3: what she also said earlier this morning is that you know, 38 00:01:51,520 --> 00:01:53,440 Speaker 3: they got more clarity about that and kind of what 39 00:01:53,480 --> 00:01:54,920 Speaker 3: the company is doing, and I think there was more 40 00:01:54,920 --> 00:01:58,320 Speaker 3: specifics and more detail that made investors, certainly for feel 41 00:01:58,400 --> 00:02:00,680 Speaker 3: much more upbeat. 42 00:02:00,880 --> 00:02:02,400 Speaker 1: I just want to repeat fifteen percent to the other 43 00:02:02,440 --> 00:02:03,320 Speaker 1: side on daily today. 44 00:02:03,480 --> 00:02:05,360 Speaker 3: But the stock's still down I think about four percent 45 00:02:05,440 --> 00:02:07,920 Speaker 3: this year, So it's just a reminder of how much 46 00:02:07,920 --> 00:02:09,920 Speaker 3: they've had to come back. Hey, I feel like this 47 00:02:10,000 --> 00:02:12,960 Speaker 3: whole week we've been talking about driverless cars. There's so 48 00:02:13,080 --> 00:02:17,520 Speaker 3: much going on, Denita, Uber and Lyft are on your radar, 49 00:02:17,639 --> 00:02:20,280 Speaker 3: and those are you know, super easy tickers as well. 50 00:02:20,480 --> 00:02:24,600 Speaker 4: Super easy ticker Uber is Uber and Lift, of course, 51 00:02:24,760 --> 00:02:28,320 Speaker 4: says y f t. The stocks are down. Uber is 52 00:02:28,360 --> 00:02:30,880 Speaker 4: down about three percent, Lift is down about two percent, 53 00:02:31,639 --> 00:02:35,000 Speaker 4: and it's interesting. It's coming off a note by Kanacor, 54 00:02:35,800 --> 00:02:40,040 Speaker 4: which is seeing potential for rapid disruption as saying that 55 00:02:40,200 --> 00:02:43,919 Speaker 4: robotax is complex could disrupt the rate hil. This is 56 00:02:44,000 --> 00:02:47,480 Speaker 4: kind of interesting thesis because we have seen Uber partner 57 00:02:47,520 --> 00:02:50,600 Speaker 4: with way more. We have seen those companies working together 58 00:02:50,720 --> 00:02:53,080 Speaker 4: so far, so this is one of the first big 59 00:02:53,160 --> 00:02:58,760 Speaker 4: costs we're seeing for disruption, and that's also moving the price. 60 00:02:59,080 --> 00:03:02,000 Speaker 4: The challenge for Uber and Lift, donaldly says, is how 61 00:03:02,040 --> 00:03:05,639 Speaker 4: long a hybrid network will stay relevant and what value 62 00:03:05,680 --> 00:03:10,040 Speaker 4: can add they add in that paradigm shift. Of course, 63 00:03:10,080 --> 00:03:13,880 Speaker 4: we had the news about Uber yesterday looking for their 64 00:03:14,680 --> 00:03:19,080 Speaker 4: co their original founder to actually acquire and look into 65 00:03:19,120 --> 00:03:25,160 Speaker 4: their own old company for automatic driving. Where yet to 66 00:03:25,200 --> 00:03:27,960 Speaker 4: see if that will happen. But the competition is heating 67 00:03:28,040 --> 00:03:30,720 Speaker 4: up there, and today we're seeing pressure down for two 68 00:03:30,760 --> 00:03:34,440 Speaker 4: companies that are actually having a great year. Uber is 69 00:03:34,560 --> 00:03:37,160 Speaker 4: up about fifty percent year today. Lift this up about 70 00:03:37,160 --> 00:03:40,160 Speaker 4: twenty percent year to date. But this is raising questions 71 00:03:40,240 --> 00:03:43,200 Speaker 4: about a new paradigm, and you know investors are very 72 00:03:43,240 --> 00:03:45,720 Speaker 4: sensitive and they always want to stay ahead the new trend. 73 00:03:46,280 --> 00:03:48,840 Speaker 1: Yeah, I mean an Uber sold off its advanced technologies group, 74 00:03:48,960 --> 00:03:51,080 Speaker 1: what five years ago at this point, Kyl So yeah, 75 00:03:51,160 --> 00:03:53,880 Speaker 1: five years ago, which Travis Callen It kind of saw 76 00:03:53,880 --> 00:03:55,840 Speaker 1: the writing on the wall when he started. He started 77 00:03:55,840 --> 00:03:58,200 Speaker 1: working on this technology, was a lot of money, It 78 00:03:58,240 --> 00:04:01,119 Speaker 1: cost a lot of money, investors didn't love it, dark casershaw. 79 00:04:01,160 --> 00:04:02,520 Speaker 1: He sold it off. So kind of what's old is 80 00:04:02,560 --> 00:04:03,480 Speaker 1: new again, that's what's happening. 81 00:04:03,600 --> 00:04:05,320 Speaker 3: Yeah. Now, it's really kind of fascinating to see, like 82 00:04:05,360 --> 00:04:08,320 Speaker 3: this whole cycle one more real quickly, I. 83 00:04:08,400 --> 00:04:11,560 Speaker 4: Say Wilder, the ticket is e L. That's one company 84 00:04:11,600 --> 00:04:15,360 Speaker 4: that needs relief really badly. This has three consecutive years 85 00:04:15,360 --> 00:04:18,280 Speaker 4: of losses. It's up seven percent year to date and 86 00:04:18,360 --> 00:04:23,520 Speaker 4: two percent today. It's coming off. HSBC upgrades saying that 87 00:04:23,560 --> 00:04:27,240 Speaker 4: the company it's this is the end of the downrade cycle. 88 00:04:27,360 --> 00:04:29,719 Speaker 4: We saw a similar known by Dotchi Bank that the 89 00:04:29,720 --> 00:04:32,720 Speaker 4: company is diversifying beyond China, so some optimism for a 90 00:04:32,760 --> 00:04:35,240 Speaker 4: stock that has been under a lot of pressure for 91 00:04:35,320 --> 00:04:35,960 Speaker 4: quite some time. 92 00:04:37,040 --> 00:04:41,159 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 93 00:04:41,279 --> 00:04:44,039 Speaker 2: us throughout the day for the latest roundup of companies 94 00:04:44,080 --> 00:04:47,120 Speaker 2: making news on Wall Street and for the latest market 95 00:04:47,160 --> 00:04:51,479 Speaker 2: moving headlines. 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