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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Destetific along with Carol Masser, and we are joined

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Speaker 3: by Bloomberg and use equities reporter Avalon Pronell for a

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Speaker 3: look at some stocks on the move this week. Yes,

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Speaker 3: what do you got for us in the shortened trading week?

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Speaker 4: As you mentioned, a shortened trading week, but we can

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Speaker 4: definitely start off with Nike. That's ticker KE. Not a

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Speaker 4: great week, to say the lease. It fell about fourteen

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Speaker 4: percent into the close, closing down at its lowest level

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Speaker 4: since twenty fourteen. That's after the sportswear company forecasts a

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Speaker 4: revenue drop of as much as four percent for the

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Speaker 4: fourth quarter. Bank of America writing get a note that

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Speaker 4: they thought that there was going to be improved performance

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Speaker 4: and that the results would mean a return to growth

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Speaker 4: in the first quarter. Instead, management has initiated guidance for

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Speaker 4: sales to remain negative. Now, we can all remember that

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Speaker 4: Nike is in the early stages of a turnaround a

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Speaker 4: new CEO, and this is actually the first forecast under

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Speaker 4: that new CEO Elliott Hill. But definitely still going to

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Speaker 4: be an interesting time for Nike.

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Speaker 1: I mean it's an interesting time.

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Speaker 3: Yeah, it's that's the problem, and that's the had this

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Speaker 3: great piece. If you missed it, check it out on

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Speaker 3: the Bloomberg terminal, Lily Meyer writing the story. It's at

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Speaker 3: Boomberg dot com as well. But it's about this this

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Speaker 3: uh message that Elliot Hill gave to employees this week

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Speaker 3: saying he's he's ready to start winning again and trying

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Speaker 3: to rally the troops. It's it's a challenge to do

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Speaker 3: that when you work at a publicly traded company. The

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Speaker 3: stock has been beaten up so much and so much

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Speaker 3: compensation has to do yeah, with a stock.

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Speaker 1: Press, and the CFO talked about cutting calls, so that

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Speaker 1: puts pressure on them what they are trying to kind

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Speaker 1: of turn around. I mean, let's not be silly. It's

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Speaker 1: a well known brand, iconic brand, still sells a ton

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Speaker 1: of stuff, but it's been stuck.

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Speaker 3: Well, my seven year old like loves and yeah, just

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Speaker 3: based on the stars. He sees where it when you know,

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Speaker 3: he watches sports, what the kids talk about at school. Yeah,

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Speaker 3: he knows what Nike is.

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Speaker 1: Yeah, so I know. So that's why I'm saying, you know,

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Speaker 1: you gotta believe. But we have seen great brands come

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Speaker 1: under pressure. Think about Apple and the runs that it

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Speaker 1: has had over its happy fifty year history.

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Speaker 3: Good Birthday Apple, Yes, sEH, I did that?

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Speaker 1: Yeah, all right, where should we go?

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Speaker 4: Yeah, let's head over to Echo Star.

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Speaker 3: Get me out of here.

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Speaker 4: The come on cause that is ticker SATs. It closed

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Speaker 4: up fifteen percent this week. We can finally see some green.

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Speaker 4: That's after several updates on Elon Musk spakes X's IPO plans.

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Speaker 4: They filed confidentially for an IPO earlier this week and

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Speaker 4: are said to be targeting a two trillion dollar IPO evaluation.

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Speaker 4: According to our reporting this week, that would make the

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Speaker 4: company bigger than all but five companies in the S

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Speaker 4: and P five hundred.

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Speaker 3: It's in. The reporting around this is absolutely amazing. Kyle Port,

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Speaker 3: Eric Johnson, Bailey Liptwolta with the most recent story that

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Speaker 3: you just mentioned, could target evaluation of over two trillion dollars.

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Speaker 3: It's the world's most valuable startup. We're also got to

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Speaker 3: report this Thursday from Reuter's that said SpaceX has had

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Speaker 3: discussions with Sadi Arabia's public Investment fund about that fund

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Speaker 3: potentially taking an anchor stake of around five billion dollars

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Speaker 3: in the IPO.

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Speaker 1: As they can.

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Speaker 3: They got the.

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Speaker 1: Money, They got the money. Yeah, Yeah, a lot of

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Speaker 1: excitement around that one. That's a big deal. I don't

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Speaker 1: even remember talking about this stock throughout the week. Do

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Speaker 1: you the next one that she's going to go.

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Speaker 3: To hold on? I have to look at my notes.

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Speaker 4: Lumentum Holdings tacker l E. It's kind of a little

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Speaker 4: known name, but it rose twenty six percent this week,

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Speaker 4: closing today at a record high, and it joins a

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Speaker 4: small group of optical component makers that have become the

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Speaker 4: market's latest darlings. My coworker Ryan had a great story

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Speaker 4: out about it this week about how Lumentum plays a

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Speaker 4: crucial role in data centers, especially as rising usage requires

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Speaker 4: increasing amounts of bandwidth, and the stock is one of

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Speaker 4: the top performers in s A P five hundred this year,

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Speaker 4: already up one hundred and twenty four percent.

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Speaker 1: Wow Siena Corp. At least, according to our supply chain

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Speaker 1: analysis on the Bloomberg twenty two percent of that company's revenues.

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Speaker 1: Alphabet is also a big customer about twenty one percent.

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Speaker 1: Looks like it's the second biggest customer. Apple's a customer,

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Speaker 1: Amazon's a customer, Cisco's a customer. That's a pretty nice customer.

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Speaker 2: List.

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Speaker 3: Could have been one of our gainers today, Carol.

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Speaker 1: Thanks very much for that.

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Speaker 3: Could have been.

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Speaker 2: You know, it's a good thing.

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Speaker 1: We have a long weekend here. I'm just gonna say,

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Speaker 1: just kidding. Those are great names, really really great. Thank

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Speaker 1: you so much. Avalon. Have a great weekend. That is,

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Speaker 1: of course, Avalon Pernella Bloomberg News and check it our

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Speaker 1: Stock Movers podcast, five minute episodes big winners or losers

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Speaker 1: in the stock market. You can find it Apple, Spotify,

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Speaker 1: or anywhere you get your podcasts.

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Speaker 2: Stockmover's Report from Bloomberg Radio. Check back with us throughout

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Speaker 2: the day for the latest roundup of companies making news

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Speaker 2: on Wall Street and for the latest market moving headlines.

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