Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today. Lise Mate alongside Isabelle Lee. We are
Speaker 3: joined by Bloomberg's Red Brown. So thanks for coming in.
Speaker 3: Now we want to talk about Deckers, right, that's the
Speaker 3: first one you want to talk about. I love those
Speaker 3: hok Iss shoes.
Speaker 1: Yeah, and apparently a lot of people. Do you walk
Speaker 1: around New York City, it's certain neighborhoods, you'll see them everywhere.
Speaker 1: So yes, Decker's Outdoor. The ticker on that one is
Speaker 1: d e c K. They jumped as much as twenty
Speaker 1: one percent this morning, now trading around twelve percent. That's
Speaker 1: still good enough for the top performing stock in the
Speaker 1: s and P five hundred at the moment. And it's
Speaker 1: it caught my attention, not just because of how well
Speaker 1: was doing today, just because it's kin of a rare
Speaker 1: positive day for the company. Heading into today's session, was
Speaker 1: down nearly fifty percent. That was good for second worst
Speaker 1: in SMP five hundred. So actually, I have been a
Speaker 1: bit of momentum this morning after the company reported really
Speaker 1: steady popularity of ugg and the hook Is shoes as well,
Speaker 1: both grew. Both of those brands grew around twenty percent
Speaker 1: last quarter. So yeah, quite a positive report from the company,
Speaker 1: and I think it'll be really interesting to see what
Speaker 1: happens with shares for the rest of the year now
Speaker 1: that they are starting to post some still strong results
Speaker 1: despite some of those tariff worries that we had some
Speaker 1: earlier this year.
Speaker 3: What about Centine, it seems like health insurers are really
Speaker 3: facing their toughest stretch in years.
Speaker 1: Yes, yes, that's absolutely been one of the biggest stories
Speaker 1: I think in the market this year. And then shares
Speaker 1: for this company ticker CNC went on a bit of
Speaker 1: a wild ride this morning. They fell twelve percent once
Speaker 1: the company reported, but actually recovered seven percent to trade
Speaker 1: up and now around two point five percent at the moment.
Speaker 1: They are the worst performing stock in the S and
Speaker 1: P five hundred this year despite the positive move this year,
Speaker 1: and that's kind of to Isabelle's point there, it's just
Speaker 1: the health insurans have been really struggling with some of
Speaker 1: the government cutbacks changes the reimpers been programmed things like that.
Speaker 1: So the company actually cut it's you know, withdrew it's
Speaker 1: guidance today and also slashed it's it's earnings per share
Speaker 1: view by I mean, I don't think I've ever seen
Speaker 1: an earnings per share cut like this before. They were
Speaker 1: seeing seven point two pot five per share earlier this year,
Speaker 1: now seeing one point seventy five cents per share excuse me,
Speaker 1: one dollars seventy five cents per share this year. So, yes,
Speaker 1: still struggling, but the company started to lay out some
Speaker 1: plans on how they expect to return to growth, maybe
Speaker 1: some price changes coming in the future, and I think
Speaker 1: that's probably explaining a bit of the positivity at the moment.
Speaker 1: But yeah, otherwise, still still pretty significant worries about the
Speaker 1: outlook for the health insurance in general. So but yeah,
Speaker 1: interesting move today for sure.
Speaker 3: And then on the downside, we have Intel, I mean,
Speaker 3: their shares what down nine and a half percent. It's
Speaker 3: kind of on on on how the CEO took this
Speaker 3: different kind of tone.
Speaker 1: Yes, exactly, Yes, shares for Intel i NTC is the
Speaker 1: ticker for Intel, are trading down exactly for that reason.
Speaker 1: You know, analysts are analyst investors are looking. I think
Speaker 1: we're more looking for a insights into how this company
Speaker 1: is going to get back into being, you know, a
Speaker 1: top technological leader, while the CEO is more focused at
Speaker 1: least in you know, at the moment for the time being,
Speaker 1: is more focused on cost cuts. So I think it's
Speaker 1: interesting when we kind of put that in contrast to
Speaker 1: some of its peers and what they're doing and how
Speaker 1: they're investing in this moment and Video obviously investing through
Speaker 1: this technological cycle. Their CAPEX tripled last year, it's spected
Speaker 1: to grow around forty percent this year. Intel on the
Speaker 1: other hand, is cutting back. They're they're scaling back their
Speaker 1: their capital outlays. So maybe some concerns for investors around
Speaker 1: how the company is going to continue to be competitive
Speaker 1: in this in this environment. But yeah, you know, shares
Speaker 1: are down for the moment, have been struggling for a
Speaker 1: little while now, and yeah, I guess still needing to
Speaker 1: be convinced of the turnaround plan.
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