Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 2: I'm Nathan Hager, joined by Bloomberg's Critty Gupta kicking things off,
Speaker 2: so to speak with Nike after earnings.
Speaker 1: Good morning Critty, Good morning Nathan, Bravo on the pun
Speaker 1: Nike shares are really flying off the charts here. Nke
Speaker 1: is your taker training about seventy two dollars a share
Speaker 1: and change hire a boy about four percent in the
Speaker 1: pre market. Now, there's a couple of things to know
Speaker 1: about Nike. We know this is of course a massive
Speaker 1: sportswear company, but it's also at Bellweather. When it comes
Speaker 1: to international exposure, we don't Nike has a big chunk
Speaker 1: of their sales that come from China and other parts
Speaker 1: of the world. So when we talk about tariffs, this
Speaker 1: is one of the companies that we watch for impact.
Speaker 1: They came out in the earnings yesterday not only bleue
Speaker 1: the market away with some very strong earnings, some very
Speaker 1: strong turnarounds, but also revised their tariff kind of hit
Speaker 1: impact estimate upwards to the tune about one and a
Speaker 1: half billion dollars. They'd previously said a one billion dollar
Speaker 1: hit on their bottom line. Nevertheless, the market is rallying
Speaker 1: looking through that additional tariff impact and really putting faith
Speaker 1: and putting stock in some of those turnaround plans and
Speaker 1: the sustainability around it as well. Off Tobaco's earnings, a
Speaker 1: series of price target upgrades, and I think this one's
Speaker 1: really crucial here because the straight high please, according to
Speaker 1: Bloomberg consensus is about one hundred and twenty dollars a share.
Speaker 1: We're about seventy two right now, and you are getting
Speaker 1: a series of basically stamp of approvals I think from
Speaker 1: across Wall Street, including over at Piper Sandler among others.
Speaker 1: They're increasing their price target from about eighty to eighty four,
Speaker 1: so I should had JP Morgan as while also moving
Speaker 1: their price target from ninety three to one hundred. So
Speaker 1: again a big round of applause virtual in spirit for
Speaker 1: Nike shares, those shares moving higher by about four percent,
Speaker 1: thinking of shares that are rallying, bit of doomsday out there,
Speaker 1: So I'm giving you the upside movers if I can Nathan.
Speaker 1: Occidental is getting the buffet bid O XYZ, your ticker
Speaker 1: Hire by one point four percent this morning, training just
Speaker 1: thy of forty eight dollars a share. This is coming
Speaker 1: after the long rumored deal between Occidental and Berkshire Hathaway
Speaker 1: for Occidental's petrochemical unit for around the tune about ten
Speaker 1: billion dollars, the unit called Oxycam. We should just put
Speaker 1: this into context here because Berkshire Hathaway has been intertwined
Speaker 1: with Occidental story for a very long time. When Occental
Speaker 1: did various acquisitions in the permium basin, it was said
Speaker 1: that Berkshire Hathaway not only helped Vicky Hollub, who was
Speaker 1: the CEO at the time of Occidental, but helped navigate
Speaker 1: and broker some of those deals. So the fact that
Speaker 1: he again is in the news with Occidental is a
Speaker 1: crucial one. Those shares higher by about one point four
Speaker 1: percent this morning. We talk about the farmer rally that
Speaker 1: is going global. It's not your biggest upside movers, but
Speaker 1: you are seeing heavy volume when it comes to likes
Speaker 1: A five for example, PFE is your ticker Hire zero
Speaker 1: point four percent. This is trading. I'm not actually twenty
Speaker 1: six dollars a share. This is a follow on to
Speaker 1: the news from yesterday when it comes to Pfeiser approaching
Speaker 1: a deal with the Trump administration. The catchup trade globally,
Speaker 1: You've seen in Asia, You've seen in Europe, anything to
Speaker 1: do with pharmaceutical is rising. I think Pfizer probably catching
Speaker 1: a second wind when it comes to the trade this morning.
Speaker 1: Pfe is your ticker, hired by about four tenths of
Speaker 1: one percent, trading at about twenty six dollars a share. Nathan,
Speaker 1: in my last twenty seconds, I'll quickly mentioned that tech
Speaker 1: stocks are undervalued. You are seeing a lot of the
Speaker 1: heavy tech valuations getting questioned this morning, alongside law of
Speaker 1: the defense names, so in Vidia for example, Intel, Tesla,
Speaker 1: all the ones that I have so juicy valuations are
Speaker 1: taking a little bit of a hit on the first
Speaker 1: day of the month, the first day of the quarter.
Speaker 2: This stock Mover's report from Bloomberg Radio. Check back with
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