WEBVTT - Nike's Trajectory Improves, CoreWeave Jumps, US Takes Lithium Americas Stake

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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>I'm Jim Stataveech along with Carol Masser. Let's take a

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<v Speaker 3>look at some stocks on the move today. We're joined

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<v Speaker 3>by Bloomberg News Acuties reporter Natala Kenny j Bitch watching

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<v Speaker 3>Nike in the after hours.

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<v Speaker 4>Yes, guys, I'm looking at shares of Nike. The tickers

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<v Speaker 4>and key E shares are currently up by zero point

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<v Speaker 4>eight percent and they climbed by as much as four percent.

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<v Speaker 4>So basically, results came better than expected. We see strength

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<v Speaker 4>in wholesale business North America segment. Overall revenue came at

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<v Speaker 4>eleven point seven billion dollars and also expected eleven billion dollars. Meanwhile,

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<v Speaker 4>sales fell by one percent on a currency adjusted neutral basis.

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<v Speaker 4>And overall these reports, these results underscore that efforts to

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<v Speaker 4>restructure business are kind of doing well. We see that

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<v Speaker 4>Nike is clearing out old inventories and also working with

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<v Speaker 4>wholesale segment overall.

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<v Speaker 1>Yeah, we talked to our Putam Goyle to Bloomberg Intelligence

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<v Speaker 1>and very pleased in terms of what we got from

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<v Speaker 1>the company today, Core we this was one in the

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<v Speaker 1>regular trade that also rallied in today's.

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<v Speaker 4>Exactly, so the stock finished the day by eleven point

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<v Speaker 4>seven percent. Of course, it was huge news today Core

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<v Speaker 4>We've agreed to supply computing power to meta platforms worth

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<v Speaker 4>of fourteen point two billion dollars, and of course, as

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<v Speaker 4>a part of this agreement, Core with will provide access

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<v Speaker 4>to the latest n videas chips. Bloomberg Intelligence analysts are

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<v Speaker 4>saying that this is a very good development as it

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<v Speaker 4>kind of eases a little bit reliance on big customers.

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<v Speaker 4>We know that Microsoft accounts for about seventy percent of

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<v Speaker 4>its revenue and customers. However, many analysts also emphasize that

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<v Speaker 4>it's also a matter of debt, metal of leverage, because yes,

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<v Speaker 4>the company has all these contracts, but now it's a

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<v Speaker 4>matter of financing. Overall, the stock is up by almost

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<v Speaker 4>two hundred and fifty percent since it's ipl.

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<v Speaker 1>And we're gonna just mention Lynthium America's because the US

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<v Speaker 1>of government agreed to acquire a stake in the company.

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<v Speaker 1>Secretary of Energy Chris Wright saying on Bloomberg TV, giving

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<v Speaker 1>a boost to the Canadian company as it develops its

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<v Speaker 1>Thacker Pass lithium project in Nevada. And so we did

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<v Speaker 1>see this one in the aftermarket tim moving higher.

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<v Speaker 3>Yeah, ticker for that is lac up in the after hours. Yeah,

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<v Speaker 3>so definitely see triple digit moves last week closed up

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<v Speaker 3>close to one hundred percent, up more than ninety percent

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<v Speaker 3>so far this year.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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