1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:17,919 Speaker 3: Let's take a look at some of the stocks on 5 00:00:17,960 --> 00:00:21,200 Speaker 3: the move today. Lise Mate alongside Isabelle Lee. We are 6 00:00:21,280 --> 00:00:24,320 Speaker 3: joined by Bloomberg's Red Brown. So thanks for coming in. 7 00:00:24,400 --> 00:00:27,120 Speaker 3: Now we want to talk about Deckers, right, that's the 8 00:00:27,120 --> 00:00:28,720 Speaker 3: first one you want to talk about. I love those 9 00:00:28,720 --> 00:00:29,360 Speaker 3: hok Iss shoes. 10 00:00:29,440 --> 00:00:31,400 Speaker 1: Yeah, and apparently a lot of people. Do you walk 11 00:00:31,400 --> 00:00:34,320 Speaker 1: around New York City, it's certain neighborhoods, you'll see them everywhere. 12 00:00:34,400 --> 00:00:37,600 Speaker 1: So yes, Decker's Outdoor. The ticker on that one is 13 00:00:37,680 --> 00:00:40,440 Speaker 1: d e c K. They jumped as much as twenty 14 00:00:40,479 --> 00:00:43,559 Speaker 1: one percent this morning, now trading around twelve percent. That's 15 00:00:43,600 --> 00:00:45,879 Speaker 1: still good enough for the top performing stock in the 16 00:00:45,960 --> 00:00:48,320 Speaker 1: s and P five hundred at the moment. And it's 17 00:00:48,400 --> 00:00:50,479 Speaker 1: it caught my attention, not just because of how well 18 00:00:50,560 --> 00:00:52,440 Speaker 1: was doing today, just because it's kin of a rare 19 00:00:52,680 --> 00:00:55,880 Speaker 1: positive day for the company. Heading into today's session, was 20 00:00:55,920 --> 00:00:58,640 Speaker 1: down nearly fifty percent. That was good for second worst 21 00:00:58,680 --> 00:01:00,560 Speaker 1: in SMP five hundred. So actually, I have been a 22 00:01:00,560 --> 00:01:04,360 Speaker 1: bit of momentum this morning after the company reported really 23 00:01:04,400 --> 00:01:08,479 Speaker 1: steady popularity of ugg and the hook Is shoes as well, 24 00:01:08,600 --> 00:01:11,199 Speaker 1: both grew. Both of those brands grew around twenty percent 25 00:01:11,560 --> 00:01:14,880 Speaker 1: last quarter. So yeah, quite a positive report from the company, 26 00:01:14,880 --> 00:01:16,400 Speaker 1: and I think it'll be really interesting to see what 27 00:01:16,400 --> 00:01:18,360 Speaker 1: happens with shares for the rest of the year now 28 00:01:18,360 --> 00:01:21,280 Speaker 1: that they are starting to post some still strong results 29 00:01:21,319 --> 00:01:23,160 Speaker 1: despite some of those tariff worries that we had some 30 00:01:23,200 --> 00:01:23,920 Speaker 1: earlier this year. 31 00:01:24,240 --> 00:01:26,920 Speaker 3: What about Centine, it seems like health insurers are really 32 00:01:26,959 --> 00:01:28,839 Speaker 3: facing their toughest stretch in years. 33 00:01:29,200 --> 00:01:32,600 Speaker 1: Yes, yes, that's absolutely been one of the biggest stories 34 00:01:32,640 --> 00:01:35,840 Speaker 1: I think in the market this year. And then shares 35 00:01:35,959 --> 00:01:39,520 Speaker 1: for this company ticker CNC went on a bit of 36 00:01:39,680 --> 00:01:41,960 Speaker 1: a wild ride this morning. They fell twelve percent once 37 00:01:41,959 --> 00:01:45,560 Speaker 1: the company reported, but actually recovered seven percent to trade 38 00:01:45,640 --> 00:01:48,560 Speaker 1: up and now around two point five percent at the moment. 39 00:01:48,600 --> 00:01:50,440 Speaker 1: They are the worst performing stock in the S and 40 00:01:50,480 --> 00:01:53,240 Speaker 1: P five hundred this year despite the positive move this year, 41 00:01:53,240 --> 00:01:55,600 Speaker 1: and that's kind of to Isabelle's point there, it's just 42 00:01:55,640 --> 00:01:57,920 Speaker 1: the health insurans have been really struggling with some of 43 00:01:57,920 --> 00:02:01,200 Speaker 1: the government cutbacks changes the reimpers been programmed things like that. 44 00:02:01,760 --> 00:02:04,840 Speaker 1: So the company actually cut it's you know, withdrew it's 45 00:02:04,840 --> 00:02:08,840 Speaker 1: guidance today and also slashed it's it's earnings per share 46 00:02:08,919 --> 00:02:10,360 Speaker 1: view by I mean, I don't think I've ever seen 47 00:02:10,400 --> 00:02:12,640 Speaker 1: an earnings per share cut like this before. They were 48 00:02:12,639 --> 00:02:16,000 Speaker 1: seeing seven point two pot five per share earlier this year, 49 00:02:16,120 --> 00:02:19,280 Speaker 1: now seeing one point seventy five cents per share excuse me, 50 00:02:19,320 --> 00:02:22,839 Speaker 1: one dollars seventy five cents per share this year. So, yes, 51 00:02:22,960 --> 00:02:25,080 Speaker 1: still struggling, but the company started to lay out some 52 00:02:25,080 --> 00:02:27,280 Speaker 1: plans on how they expect to return to growth, maybe 53 00:02:27,320 --> 00:02:29,839 Speaker 1: some price changes coming in the future, and I think 54 00:02:29,880 --> 00:02:32,280 Speaker 1: that's probably explaining a bit of the positivity at the moment. 55 00:02:32,760 --> 00:02:36,280 Speaker 1: But yeah, otherwise, still still pretty significant worries about the 56 00:02:36,560 --> 00:02:40,160 Speaker 1: outlook for the health insurance in general. So but yeah, 57 00:02:40,200 --> 00:02:41,359 Speaker 1: interesting move today for sure. 58 00:02:41,520 --> 00:02:43,360 Speaker 3: And then on the downside, we have Intel, I mean, 59 00:02:43,400 --> 00:02:46,240 Speaker 3: their shares what down nine and a half percent. It's 60 00:02:46,320 --> 00:02:48,960 Speaker 3: kind of on on on how the CEO took this 61 00:02:49,000 --> 00:02:50,040 Speaker 3: different kind of tone. 62 00:02:50,520 --> 00:02:54,240 Speaker 1: Yes, exactly, Yes, shares for Intel i NTC is the 63 00:02:54,280 --> 00:02:59,160 Speaker 1: ticker for Intel, are trading down exactly for that reason. 64 00:02:59,639 --> 00:03:02,919 Speaker 1: You know, analysts are analyst investors are looking. I think 65 00:03:02,919 --> 00:03:06,200 Speaker 1: we're more looking for a insights into how this company 66 00:03:06,280 --> 00:03:08,000 Speaker 1: is going to get back into being, you know, a 67 00:03:08,040 --> 00:03:11,960 Speaker 1: top technological leader, while the CEO is more focused at 68 00:03:12,040 --> 00:03:14,120 Speaker 1: least in you know, at the moment for the time being, 69 00:03:14,240 --> 00:03:16,799 Speaker 1: is more focused on cost cuts. So I think it's 70 00:03:16,800 --> 00:03:20,080 Speaker 1: interesting when we kind of put that in contrast to 71 00:03:20,120 --> 00:03:22,359 Speaker 1: some of its peers and what they're doing and how 72 00:03:22,360 --> 00:03:26,640 Speaker 1: they're investing in this moment and Video obviously investing through 73 00:03:26,680 --> 00:03:31,640 Speaker 1: this technological cycle. Their CAPEX tripled last year, it's spected 74 00:03:31,680 --> 00:03:34,000 Speaker 1: to grow around forty percent this year. Intel on the 75 00:03:34,000 --> 00:03:36,600 Speaker 1: other hand, is cutting back. They're they're scaling back their 76 00:03:36,640 --> 00:03:40,320 Speaker 1: their capital outlays. So maybe some concerns for investors around 77 00:03:40,360 --> 00:03:42,960 Speaker 1: how the company is going to continue to be competitive 78 00:03:43,120 --> 00:03:47,520 Speaker 1: in this in this environment. But yeah, you know, shares 79 00:03:47,560 --> 00:03:49,600 Speaker 1: are down for the moment, have been struggling for a 80 00:03:49,640 --> 00:03:52,320 Speaker 1: little while now, and yeah, I guess still needing to 81 00:03:52,640 --> 00:03:54,720 Speaker 1: be convinced of the turnaround plan. 82 00:03:55,960 --> 00:03:59,880 Speaker 2: This stock mover's report from Bloomberg Radio. 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