WEBVTT - Nike Jumps, Uber Drops, Estee Lauder Rises 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers podcast, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Let's get a check on some of the stocks on

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<v Speaker 3>the move for that. Let's toss things over the Bloomberg

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<v Speaker 3>News crosshouse. That reporter Deniza Stikova, She's back at Bloomberg

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<v Speaker 3>headquarters in New York City. You are watching some stocks

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<v Speaker 3>on the move. Nike, man, it's been off and running.

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<v Speaker 3>See what I did there.

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<v Speaker 4>Let's start with Nike. The ticker is n key Ke.

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<v Speaker 4>The stock rules as much as eighteen percent today. That

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<v Speaker 4>was actually the biggest intro day jump in about twenty

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<v Speaker 4>six years. Now it's about fourteen to fifteen percent. Nike

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<v Speaker 4>said it's ear long sales decline is starting to ease

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<v Speaker 4>and forecast to this more than inspected drop in revenue

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<v Speaker 4>and obviously to send the stock on a massive jump today.

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<v Speaker 4>We have had the new CEO, elliotts Ho, having so

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<v Speaker 4>many stretches, moves, refocusing on sports cleanup inventories. They've been

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<v Speaker 4>trying to lure more women into the brand. We have

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<v Speaker 4>Nike schemes which actually there was a Deale, which was

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<v Speaker 4>in great news for investors, but also the Nike's returning

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<v Speaker 4>to Amazon. They're expecting to have their own featured store,

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<v Speaker 4>so they're all those developments, which a lot of them

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<v Speaker 4>have been derailed with tariffs. The stock was actually is

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<v Speaker 4>actually down five percent year today, but today we're seeing

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<v Speaker 4>really big relief and optimism and really one of the

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<v Speaker 4>best days in quite some time for Nike, up about

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<v Speaker 4>fourteen percent.

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<v Speaker 3>Yeah.

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<v Speaker 1>I think a big question that a lot of people

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<v Speaker 1>have is, Okay, what does this revamp look like under

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<v Speaker 1>Elliott Hill? How long is it going to take? As

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<v Speaker 1>we talked with Punam Goyel yesterday, how are they going

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<v Speaker 1>to Why aren't they selling down this inventory as quickly

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<v Speaker 1>as we thought they would.

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<v Speaker 3>Yeah, that's I think a big situation. But I think

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<v Speaker 3>what she also said earlier this morning is that you know,

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<v Speaker 3>they got more clarity about that and kind of what

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<v Speaker 3>the company is doing, and I think there was more

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<v Speaker 3>specifics and more detail that made investors, certainly for feel

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<v Speaker 3>much more upbeat.

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<v Speaker 1>I just want to repeat fifteen percent to the other

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<v Speaker 1>side on daily today.

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<v Speaker 3>But the stock's still down I think about four percent

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<v Speaker 3>this year, So it's just a reminder of how much

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<v Speaker 3>they've had to come back. Hey, I feel like this

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<v Speaker 3>whole week we've been talking about driverless cars. There's so

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<v Speaker 3>much going on, Denita, Uber and Lyft are on your radar,

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<v Speaker 3>and those are you know, super easy tickers as well.

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<v Speaker 4>Super easy ticker Uber is Uber and Lift, of course,

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<v Speaker 4>says y f t. The stocks are down. Uber is

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<v Speaker 4>down about three percent, Lift is down about two percent,

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<v Speaker 4>and it's interesting. It's coming off a note by Kanacor,

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<v Speaker 4>which is seeing potential for rapid disruption as saying that

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<v Speaker 4>robotax is complex could disrupt the rate hil. This is

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<v Speaker 4>kind of interesting thesis because we have seen Uber partner

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<v Speaker 4>with way more. We have seen those companies working together

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<v Speaker 4>so far, so this is one of the first big

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<v Speaker 4>costs we're seeing for disruption, and that's also moving the price.

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<v Speaker 4>The challenge for Uber and Lift, donaldly says, is how

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<v Speaker 4>long a hybrid network will stay relevant and what value

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<v Speaker 4>can add they add in that paradigm shift. Of course,

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<v Speaker 4>we had the news about Uber yesterday looking for their

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<v Speaker 4>co their original founder to actually acquire and look into

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<v Speaker 4>their own old company for automatic driving. Where yet to

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<v Speaker 4>see if that will happen. But the competition is heating

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<v Speaker 4>up there, and today we're seeing pressure down for two

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<v Speaker 4>companies that are actually having a great year. Uber is

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<v Speaker 4>up about fifty percent year today. Lift this up about

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<v Speaker 4>twenty percent year to date. But this is raising questions

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<v Speaker 4>about a new paradigm, and you know investors are very

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<v Speaker 4>sensitive and they always want to stay ahead the new trend.

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<v Speaker 1>Yeah, I mean an Uber sold off its advanced technologies group,

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<v Speaker 1>what five years ago at this point, Kyl So yeah,

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<v Speaker 1>five years ago, which Travis Callen It kind of saw

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<v Speaker 1>the writing on the wall when he started. He started

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<v Speaker 1>working on this technology, was a lot of money, It

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<v Speaker 1>cost a lot of money, investors didn't love it, dark casershaw.

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<v Speaker 1>He sold it off. So kind of what's old is

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<v Speaker 1>new again, that's what's happening.

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<v Speaker 3>Yeah. Now, it's really kind of fascinating to see, like

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<v Speaker 3>this whole cycle one more real quickly, I.

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<v Speaker 4>Say Wilder, the ticket is e L. That's one company

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<v Speaker 4>that needs relief really badly. This has three consecutive years

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<v Speaker 4>of losses. It's up seven percent year to date and

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<v Speaker 4>two percent today. It's coming off. HSBC upgrades saying that

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<v Speaker 4>the company it's this is the end of the downrade cycle.

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<v Speaker 4>We saw a similar known by Dotchi Bank that the

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<v Speaker 4>company is diversifying beyond China, so some optimism for a

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<v Speaker 4>stock that has been under a lot of pressure for

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<v Speaker 4>quite some time.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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