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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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

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

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 2: I'm Nathan Hager, joined by Bloomberg's Critty Gupta kicking things off,

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Speaker 2: so to speak with Nike after earnings.

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Speaker 1: Good morning Critty, Good morning Nathan, Bravo on the pun

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Speaker 1: Nike shares are really flying off the charts here. Nke

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Speaker 1: is your taker training about seventy two dollars a share

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Speaker 1: and change hire a boy about four percent in the

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Speaker 1: pre market. Now, there's a couple of things to know

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Speaker 1: about Nike. We know this is of course a massive

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Speaker 1: sportswear company, but it's also at Bellweather. When it comes

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Speaker 1: to international exposure, we don't Nike has a big chunk

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Speaker 1: of their sales that come from China and other parts

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Speaker 1: of the world. So when we talk about tariffs, this

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Speaker 1: is one of the companies that we watch for impact.

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Speaker 1: They came out in the earnings yesterday not only bleue

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Speaker 1: the market away with some very strong earnings, some very

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Speaker 1: strong turnarounds, but also revised their tariff kind of hit

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Speaker 1: impact estimate upwards to the tune about one and a

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Speaker 1: half billion dollars. They'd previously said a one billion dollar

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Speaker 1: hit on their bottom line. Nevertheless, the market is rallying

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Speaker 1: looking through that additional tariff impact and really putting faith

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Speaker 1: and putting stock in some of those turnaround plans and

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Speaker 1: the sustainability around it as well. Off Tobaco's earnings, a

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Speaker 1: series of price target upgrades, and I think this one's

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Speaker 1: really crucial here because the straight high please, according to

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Speaker 1: Bloomberg consensus is about one hundred and twenty dollars a share.

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Speaker 1: We're about seventy two right now, and you are getting

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Speaker 1: a series of basically stamp of approvals I think from

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Speaker 1: across Wall Street, including over at Piper Sandler among others.

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Speaker 1: They're increasing their price target from about eighty to eighty four,

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Speaker 1: so I should had JP Morgan as while also moving

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Speaker 1: their price target from ninety three to one hundred. So

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Speaker 1: again a big round of applause virtual in spirit for

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Speaker 1: Nike shares, those shares moving higher by about four percent,

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Speaker 1: thinking of shares that are rallying, bit of doomsday out there,

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Speaker 1: So I'm giving you the upside movers if I can Nathan.

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Speaker 1: Occidental is getting the buffet bid O XYZ, your ticker

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Speaker 1: Hire by one point four percent this morning, training just

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Speaker 1: thy of forty eight dollars a share. This is coming

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Speaker 1: after the long rumored deal between Occidental and Berkshire Hathaway

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Speaker 1: for Occidental's petrochemical unit for around the tune about ten

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Speaker 1: billion dollars, the unit called Oxycam. We should just put

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Speaker 1: this into context here because Berkshire Hathaway has been intertwined

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Speaker 1: with Occidental story for a very long time. When Occental

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Speaker 1: did various acquisitions in the permium basin, it was said

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Speaker 1: that Berkshire Hathaway not only helped Vicky Hollub, who was

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Speaker 1: the CEO at the time of Occidental, but helped navigate

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Speaker 1: and broker some of those deals. So the fact that

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Speaker 1: he again is in the news with Occidental is a

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Speaker 1: crucial one. Those shares higher by about one point four

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Speaker 1: percent this morning. We talk about the farmer rally that

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Speaker 1: is going global. It's not your biggest upside movers, but

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Speaker 1: you are seeing heavy volume when it comes to likes

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Speaker 1: A five for example, PFE is your ticker Hire zero

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Speaker 1: point four percent. This is trading. I'm not actually twenty

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Speaker 1: six dollars a share. This is a follow on to

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Speaker 1: the news from yesterday when it comes to Pfeiser approaching

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Speaker 1: a deal with the Trump administration. The catchup trade globally,

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Speaker 1: You've seen in Asia, You've seen in Europe, anything to

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Speaker 1: do with pharmaceutical is rising. I think Pfizer probably catching

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Speaker 1: a second wind when it comes to the trade this morning.

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Speaker 1: Pfe is your ticker, hired by about four tenths of

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Speaker 1: one percent, trading at about twenty six dollars a share. Nathan,

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Speaker 1: in my last twenty seconds, I'll quickly mentioned that tech

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Speaker 1: stocks are undervalued. You are seeing a lot of the

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Speaker 1: heavy tech valuations getting questioned this morning, alongside law of

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Speaker 1: the defense names, so in Vidia for example, Intel, Tesla,

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Speaker 1: all the ones that I have so juicy valuations are

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Speaker 1: taking a little bit of a hit on the first

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Speaker 1: day of the month, the first day of the quarter.

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Speaker 2: This stock Mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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