1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:17,360 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,480 --> 00:00:19,200 Speaker 1: Let's take a look at some of the stocks on 5 00:00:19,239 --> 00:00:22,360 Speaker 1: the move today. I'm Paul Sweeney along with Carol Masser, 6 00:00:22,480 --> 00:00:24,560 Speaker 1: and we are joined by Bloomberg's Norm g Linda Nor. 7 00:00:24,600 --> 00:00:25,360 Speaker 1: What do you got for us today? 8 00:00:25,400 --> 00:00:27,480 Speaker 3: Well, Paul, let's look at what's going on with Nike today. 9 00:00:27,520 --> 00:00:29,479 Speaker 3: It's the best performing stock in the S and P 10 00:00:29,560 --> 00:00:32,720 Speaker 3: five hundred. We're seeing sheares up as much as sixteen percent. 11 00:00:33,240 --> 00:00:35,800 Speaker 3: That's the best day since nineteen ninety nine. So some 12 00:00:35,880 --> 00:00:38,800 Speaker 3: real size and scope here, but essentially the company sees 13 00:00:38,800 --> 00:00:43,040 Speaker 3: its years year long sales decline easing. So ultimately people 14 00:00:43,080 --> 00:00:45,680 Speaker 3: are seeing this as an underscoring sentiment for the CEO, 15 00:00:45,880 --> 00:00:49,440 Speaker 3: Elliott Hill's strategic plans that are really starting to pay 16 00:00:49,440 --> 00:00:52,920 Speaker 3: off here. They're expecting a mid single digit sales drop 17 00:00:53,040 --> 00:00:55,240 Speaker 3: in the current quarter. But we're really just starting to 18 00:00:55,280 --> 00:00:57,880 Speaker 3: see Hill fighting to reverse some of this recent missteps 19 00:00:57,880 --> 00:01:01,200 Speaker 3: that the company has seen, especially the botch pull back 20 00:01:01,280 --> 00:01:06,000 Speaker 3: from wholesale partners and an over emphasis on lifestyle footwear 21 00:01:06,280 --> 00:01:09,039 Speaker 3: so we're really seeing the Wall Street coming behind it 22 00:01:09,080 --> 00:01:10,600 Speaker 3: and rallying behind the stock here. 23 00:01:10,480 --> 00:01:13,680 Speaker 4: Paul, maybe the worst is over for Nike, and there 24 00:01:13,760 --> 00:01:16,440 Speaker 4: certainly was that clarification on the Alice call last night 25 00:01:16,480 --> 00:01:20,160 Speaker 4: with investors. They really have certainly jumped on board. What's 26 00:01:20,240 --> 00:01:21,560 Speaker 4: number two for you, Nora. 27 00:01:21,959 --> 00:01:24,280 Speaker 3: I'm keeping an eye on Uber and Lyft. Of course, 28 00:01:24,319 --> 00:01:27,200 Speaker 3: we know these are really popular ride share companies. We're 29 00:01:27,200 --> 00:01:30,640 Speaker 3: seeing both of the companies down today after can Accord 30 00:01:31,080 --> 00:01:33,639 Speaker 3: cut the ratings on both of the stocks to hold. 31 00:01:33,760 --> 00:01:38,000 Speaker 3: They're talking about potential for rapid disruption ahead, but they 32 00:01:38,040 --> 00:01:40,839 Speaker 3: do say that they still don't necessarily anticipate a wide 33 00:01:40,959 --> 00:01:46,000 Speaker 3: proroiferation of autonomous technology providers despite the momentum that we've 34 00:01:46,000 --> 00:01:47,840 Speaker 3: been seeing in AI. So that of course will be 35 00:01:47,880 --> 00:01:50,720 Speaker 3: a bit of a headwind for these companies, especially as 36 00:01:50,720 --> 00:01:53,040 Speaker 3: we see just the broader tech space really trying to 37 00:01:53,080 --> 00:01:55,480 Speaker 3: advance the AI push, But they don't necessarily see that 38 00:01:55,960 --> 00:01:58,120 Speaker 3: impacting here in the sector. But we're seeing shares of 39 00:01:58,200 --> 00:02:00,840 Speaker 3: Uber that are up about fifty percent this year. They're 40 00:02:00,920 --> 00:02:03,200 Speaker 3: charging ahead of shares of Lift that are up about 41 00:02:03,240 --> 00:02:04,880 Speaker 3: twenty percent for the same time frame. 42 00:02:04,920 --> 00:02:09,000 Speaker 4: Carol just gonna say driverless cars hard and expensive. 43 00:02:09,160 --> 00:02:11,960 Speaker 1: Yep, they're coming there. I love it. Have you been 44 00:02:12,000 --> 00:02:14,840 Speaker 1: in a Waimo? I've not love it, really love it. 45 00:02:14,880 --> 00:02:17,760 Speaker 1: I've been in like three or so. I love it. Interesting. 46 00:02:17,840 --> 00:02:20,120 Speaker 1: I close my eyes even in the back. In the backseat, 47 00:02:20,120 --> 00:02:22,959 Speaker 1: I need to go. United Natural Foods. What do you 48 00:02:23,000 --> 00:02:23,560 Speaker 1: have first? More? 49 00:02:24,080 --> 00:02:26,160 Speaker 3: Well, well, ma Key's shares of United Natural Foods that 50 00:02:26,320 --> 00:02:30,280 Speaker 3: ticker you inn F I now we're seeing shares of 51 00:02:30,320 --> 00:02:33,240 Speaker 3: the company that are up about nine percent today, and 52 00:02:33,280 --> 00:02:36,160 Speaker 3: this is after the food distributor said that a previously 53 00:02:36,200 --> 00:02:41,560 Speaker 3: disclosed cybersecurity incident has been contained and they're now returning 54 00:02:41,639 --> 00:02:45,480 Speaker 3: to regularly receiving and shipping products to retailers across its network. 55 00:02:45,680 --> 00:02:47,480 Speaker 3: Of course, as you can imagine, this is really important 56 00:02:47,480 --> 00:02:49,320 Speaker 3: for the company, and it does alleviate a lot of 57 00:02:49,360 --> 00:02:52,520 Speaker 3: the investor concerns regarding this stock. I mean, we're seeing 58 00:02:52,560 --> 00:02:56,160 Speaker 3: the company that's down about sixteen percent so far this year. 59 00:02:56,160 --> 00:02:58,560 Speaker 3: But of course this is really great news for those 60 00:02:58,600 --> 00:03:00,760 Speaker 3: who are really nervous about the snaffoo. 61 00:03:00,760 --> 00:03:06,600 Speaker 2: Here the Stockmovers podcast from Bloomberg Radio. Check back with 62 00:03:06,680 --> 00:03:09,440 Speaker 2: us throughout the day for the latest roundup of companies 63 00:03:09,480 --> 00:03:12,519 Speaker 2: making news on Wall Street and for the latest market 64 00:03:12,560 --> 00:03:16,960 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 65 00:03:16,960 --> 00:03:20,240 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 66 00:03:20,280 --> 00:03:21,760 Speaker 2: the Bloomberg Business app.