Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's get a check on some of the stocks on
Speaker 3: the move for that. Let's toss things over the Bloomberg
Speaker 3: News crosshouse. That reporter Deniza Stikova, She's back at Bloomberg
Speaker 3: headquarters in New York City. You are watching some stocks
Speaker 3: on the move. Nike, man, it's been off and running.
Speaker 3: See what I did there.
Speaker 4: Let's start with Nike. The ticker is n key Ke.
Speaker 4: The stock rules as much as eighteen percent today. That
Speaker 4: was actually the biggest intro day jump in about twenty
Speaker 4: six years. Now it's about fourteen to fifteen percent. Nike
Speaker 4: said it's ear long sales decline is starting to ease
Speaker 4: and forecast to this more than inspected drop in revenue
Speaker 4: and obviously to send the stock on a massive jump today.
Speaker 4: We have had the new CEO, elliotts Ho, having so
Speaker 4: many stretches, moves, refocusing on sports cleanup inventories. They've been
Speaker 4: trying to lure more women into the brand. We have
Speaker 4: Nike schemes which actually there was a Deale, which was
Speaker 4: in great news for investors, but also the Nike's returning
Speaker 4: to Amazon. They're expecting to have their own featured store,
Speaker 4: so they're all those developments, which a lot of them
Speaker 4: have been derailed with tariffs. The stock was actually is
Speaker 4: actually down five percent year today, but today we're seeing
Speaker 4: really big relief and optimism and really one of the
Speaker 4: best days in quite some time for Nike, up about
Speaker 4: fourteen percent.
Speaker 3: Yeah.
Speaker 1: I think a big question that a lot of people
Speaker 1: have is, Okay, what does this revamp look like under
Speaker 1: Elliott Hill? How long is it going to take? As
Speaker 1: we talked with Punam Goyel yesterday, how are they going
Speaker 1: to Why aren't they selling down this inventory as quickly
Speaker 1: as we thought they would.
Speaker 3: Yeah, that's I think a big situation. But I think
Speaker 3: what she also said earlier this morning is that you know,
Speaker 3: they got more clarity about that and kind of what
Speaker 3: the company is doing, and I think there was more
Speaker 3: specifics and more detail that made investors, certainly for feel
Speaker 3: much more upbeat.
Speaker 1: I just want to repeat fifteen percent to the other
Speaker 1: side on daily today.
Speaker 3: But the stock's still down I think about four percent
Speaker 3: this year, So it's just a reminder of how much
Speaker 3: they've had to come back. Hey, I feel like this
Speaker 3: whole week we've been talking about driverless cars. There's so
Speaker 3: much going on, Denita, Uber and Lyft are on your radar,
Speaker 3: and those are you know, super easy tickers as well.
Speaker 4: Super easy ticker Uber is Uber and Lift, of course,
Speaker 4: says y f t. The stocks are down. Uber is
Speaker 4: down about three percent, Lift is down about two percent,
Speaker 4: and it's interesting. It's coming off a note by Kanacor,
Speaker 4: which is seeing potential for rapid disruption as saying that
Speaker 4: robotax is complex could disrupt the rate hil. This is
Speaker 4: kind of interesting thesis because we have seen Uber partner
Speaker 4: with way more. We have seen those companies working together
Speaker 4: so far, so this is one of the first big
Speaker 4: costs we're seeing for disruption, and that's also moving the price.
Speaker 4: The challenge for Uber and Lift, donaldly says, is how
Speaker 4: long a hybrid network will stay relevant and what value
Speaker 4: can add they add in that paradigm shift. Of course,
Speaker 4: we had the news about Uber yesterday looking for their
Speaker 4: co their original founder to actually acquire and look into
Speaker 4: their own old company for automatic driving. Where yet to
Speaker 4: see if that will happen. But the competition is heating
Speaker 4: up there, and today we're seeing pressure down for two
Speaker 4: companies that are actually having a great year. Uber is
Speaker 4: up about fifty percent year today. Lift this up about
Speaker 4: twenty percent year to date. But this is raising questions
Speaker 4: about a new paradigm, and you know investors are very
Speaker 4: sensitive and they always want to stay ahead the new trend.
Speaker 1: Yeah, I mean an Uber sold off its advanced technologies group,
Speaker 1: what five years ago at this point, Kyl So yeah,
Speaker 1: five years ago, which Travis Callen It kind of saw
Speaker 1: the writing on the wall when he started. He started
Speaker 1: working on this technology, was a lot of money, It
Speaker 1: cost a lot of money, investors didn't love it, dark casershaw.
Speaker 1: He sold it off. So kind of what's old is
Speaker 1: new again, that's what's happening.
Speaker 3: Yeah. Now, it's really kind of fascinating to see, like
Speaker 3: this whole cycle one more real quickly, I.
Speaker 4: Say Wilder, the ticket is e L. That's one company
Speaker 4: that needs relief really badly. This has three consecutive years
Speaker 4: of losses. It's up seven percent year to date and
Speaker 4: two percent today. It's coming off. HSBC upgrades saying that
Speaker 4: the company it's this is the end of the downrade cycle.
Speaker 4: We saw a similar known by Dotchi Bank that the
Speaker 4: company is diversifying beyond China, so some optimism for a
Speaker 4: stock that has been under a lot of pressure for
Speaker 4: quite some time.
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