WEBVTT - Deckers Soars, Centene Tumbles, Intel Slides on CEO Warning 

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

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<v Speaker 2>The Stock Movers Report, 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 take a look at some of the stocks on

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<v Speaker 3>the move today. Lise Mate alongside Isabelle Lee. We are

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<v Speaker 3>joined by Bloomberg's Red Brown. So thanks for coming in.

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<v Speaker 3>Now we want to talk about Deckers, right, that's the

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<v Speaker 3>first one you want to talk about. I love those

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<v Speaker 3>hok Iss shoes.

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<v Speaker 1>Yeah, and apparently a lot of people. Do you walk

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<v Speaker 1>around New York City, it's certain neighborhoods, you'll see them everywhere.

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<v Speaker 1>So yes, Decker's Outdoor. The ticker on that one is

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<v Speaker 1>d e c K. They jumped as much as twenty

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<v Speaker 1>one percent this morning, now trading around twelve percent. That's

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<v Speaker 1>still good enough for the top performing stock in the

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<v Speaker 1>s and P five hundred at the moment. And it's

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<v Speaker 1>it caught my attention, not just because of how well

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<v Speaker 1>was doing today, just because it's kin of a rare

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<v Speaker 1>positive day for the company. Heading into today's session, was

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<v Speaker 1>down nearly fifty percent. That was good for second worst

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<v Speaker 1>in SMP five hundred. So actually, I have been a

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<v Speaker 1>bit of momentum this morning after the company reported really

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<v Speaker 1>steady popularity of ugg and the hook Is shoes as well,

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<v Speaker 1>both grew. Both of those brands grew around twenty percent

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<v Speaker 1>last quarter. So yeah, quite a positive report from the company,

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<v Speaker 1>and I think it'll be really interesting to see what

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<v Speaker 1>happens with shares for the rest of the year now

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<v Speaker 1>that they are starting to post some still strong results

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<v Speaker 1>despite some of those tariff worries that we had some

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<v Speaker 1>earlier this year.

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<v Speaker 3>What about Centine, it seems like health insurers are really

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<v Speaker 3>facing their toughest stretch in years.

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<v Speaker 1>Yes, yes, that's absolutely been one of the biggest stories

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<v Speaker 1>I think in the market this year. And then shares

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<v Speaker 1>for this company ticker CNC went on a bit of

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<v Speaker 1>a wild ride this morning. They fell twelve percent once

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<v Speaker 1>the company reported, but actually recovered seven percent to trade

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<v Speaker 1>up and now around two point five percent at the moment.

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<v Speaker 1>They are the worst performing stock in the S and

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<v Speaker 1>P five hundred this year despite the positive move this year,

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<v Speaker 1>and that's kind of to Isabelle's point there, it's just

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<v Speaker 1>the health insurans have been really struggling with some of

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<v Speaker 1>the government cutbacks changes the reimpers been programmed things like that.

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<v Speaker 1>So the company actually cut it's you know, withdrew it's

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<v Speaker 1>guidance today and also slashed it's it's earnings per share

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<v Speaker 1>view by I mean, I don't think I've ever seen

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<v Speaker 1>an earnings per share cut like this before. They were

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<v Speaker 1>seeing seven point two pot five per share earlier this year,

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<v Speaker 1>now seeing one point seventy five cents per share excuse me,

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<v Speaker 1>one dollars seventy five cents per share this year. So, yes,

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<v Speaker 1>still struggling, but the company started to lay out some

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<v Speaker 1>plans on how they expect to return to growth, maybe

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<v Speaker 1>some price changes coming in the future, and I think

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<v Speaker 1>that's probably explaining a bit of the positivity at the moment.

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<v Speaker 1>But yeah, otherwise, still still pretty significant worries about the

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<v Speaker 1>outlook for the health insurance in general. So but yeah,

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<v Speaker 1>interesting move today for sure.

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<v Speaker 3>And then on the downside, we have Intel, I mean,

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<v Speaker 3>their shares what down nine and a half percent. It's

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<v Speaker 3>kind of on on on how the CEO took this

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<v Speaker 3>different kind of tone.

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<v Speaker 1>Yes, exactly, Yes, shares for Intel i NTC is the

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<v Speaker 1>ticker for Intel, are trading down exactly for that reason.

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<v Speaker 1>You know, analysts are analyst investors are looking. I think

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<v Speaker 1>we're more looking for a insights into how this company

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<v Speaker 1>is going to get back into being, you know, a

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<v Speaker 1>top technological leader, while the CEO is more focused at

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<v Speaker 1>least in you know, at the moment for the time being,

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<v Speaker 1>is more focused on cost cuts. So I think it's

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<v Speaker 1>interesting when we kind of put that in contrast to

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<v Speaker 1>some of its peers and what they're doing and how

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<v Speaker 1>they're investing in this moment and Video obviously investing through

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<v Speaker 1>this technological cycle. Their CAPEX tripled last year, it's spected

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<v Speaker 1>to grow around forty percent this year. Intel on the

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<v Speaker 1>other hand, is cutting back. They're they're scaling back their

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<v Speaker 1>their capital outlays. So maybe some concerns for investors around

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<v Speaker 1>how the company is going to continue to be competitive

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<v Speaker 1>in this in this environment. But yeah, you know, shares

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<v Speaker 1>are down for the moment, have been struggling for a

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<v Speaker 1>little while now, and yeah, I guess still needing to

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<v Speaker 1>be convinced of the turnaround plan.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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