1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,400 Speaker 2: the stock market, harnessing the power of Bloomberg Data. Let's 4 00:00:17,440 --> 00:00:18,720 Speaker 2: take a look at some of the stocks on the 5 00:00:18,720 --> 00:00:20,520 Speaker 2: move today. I'm Paul Swingey with Alex Steel and were 6 00:00:20,560 --> 00:00:23,239 Speaker 2: joined by Bloomberg's Lee Isabelle. What are you looking at? 7 00:00:23,440 --> 00:00:25,840 Speaker 1: I'm looking at a coinbase. We have shares edging higher, 8 00:00:25,840 --> 00:00:28,040 Speaker 1: but as much as seventeen percent, so they're finally going 9 00:00:28,080 --> 00:00:29,960 Speaker 1: to be added to the S and P five hundred 10 00:00:30,320 --> 00:00:33,040 Speaker 1: next week. I say finally because I covered the quarterly 11 00:00:33,080 --> 00:00:36,000 Speaker 1: rebalance and I've written around three templates for them. Because 12 00:00:36,200 --> 00:00:38,560 Speaker 1: we've been hearing industry chatter for a while and really 13 00:00:38,600 --> 00:00:41,080 Speaker 1: this is a milestone for the industry. A lot of 14 00:00:41,080 --> 00:00:42,840 Speaker 1: people are saying this is the signs of times. It's 15 00:00:42,880 --> 00:00:45,960 Speaker 1: really indicative of the broader acceptance we have. Michael Saylor 16 00:00:46,159 --> 00:00:49,960 Speaker 1: to Cathy Wood congratulating Coinbaco, O'Brien, Armstrong and Armstrong first 17 00:00:49,960 --> 00:00:51,680 Speaker 1: part made it a point on Twitter to say that 18 00:00:51,960 --> 00:00:54,200 Speaker 1: crypto will now be in everyone's four oh one kid. 19 00:00:54,200 --> 00:00:55,960 Speaker 1: Because of course, if you've ad at SMP, then there's 20 00:00:56,000 --> 00:00:58,760 Speaker 1: that some would argue though that there's already Tesla, which 21 00:00:58,840 --> 00:01:02,000 Speaker 1: arguably is also a large Bitcoin holding. But still, so 22 00:01:02,040 --> 00:01:03,600 Speaker 1: this is good for the stock, and we have Melissa 23 00:01:03,680 --> 00:01:06,640 Speaker 1: Roberts of Stephens estimating that passive funds we'll need to 24 00:01:06,640 --> 00:01:09,440 Speaker 1: purchase thirty five million coin shares in about four days, 25 00:01:09,440 --> 00:01:11,600 Speaker 1: so we'll see some buying demand there. And of course 26 00:01:11,600 --> 00:01:13,880 Speaker 1: there's the index effect, whether or not you believe in that, 27 00:01:13,920 --> 00:01:15,160 Speaker 1: but the stock may I mean, I. 28 00:01:15,160 --> 00:01:17,440 Speaker 3: Mean index effect for real, I mean, that's definitely something. 29 00:01:17,480 --> 00:01:19,640 Speaker 3: It just depends on how long and sustainable that that 30 00:01:19,680 --> 00:01:21,959 Speaker 3: pop is. What else you're gonna end on. 31 00:01:22,120 --> 00:01:24,640 Speaker 1: So this is kind of a cult favorite. It depends 32 00:01:24,640 --> 00:01:27,679 Speaker 1: on your flavor of shoe. You said you like shoes 33 00:01:27,720 --> 00:01:29,360 Speaker 1: up Paul, but I don't know if you like on. 34 00:01:29,920 --> 00:01:32,480 Speaker 1: It's raising a sales growth forecast to at least twenty 35 00:01:32,600 --> 00:01:35,720 Speaker 1: percent for twenty twenty five, and that's really on the 36 00:01:35,760 --> 00:01:38,600 Speaker 1: back of strong demand despite economic uncertainty. So the company 37 00:01:38,600 --> 00:01:41,560 Speaker 1: founded in twenty ten, is back by Roger Federer, arguably 38 00:01:41,680 --> 00:01:43,959 Speaker 1: one of the best ten is nine players of all time, 39 00:01:44,160 --> 00:01:46,360 Speaker 1: and it's become one of the really top performance sneakers 40 00:01:46,640 --> 00:01:49,120 Speaker 1: in the world. It expanded from core running shoes to 41 00:01:49,160 --> 00:01:51,720 Speaker 1: areas like tennis training in apparel, and we have Wall 42 00:01:51,720 --> 00:01:54,600 Speaker 1: Street cheering the results. Deefel call the results impressive. Truest 43 00:01:54,600 --> 00:01:58,040 Speaker 1: said revenue handily beat consensus like many others, It also 44 00:01:58,080 --> 00:02:01,400 Speaker 1: added a lower enter its profitability forecast. But yes on 45 00:02:01,520 --> 00:02:03,440 Speaker 1: in fact, I own a pair of ants, and I 46 00:02:03,480 --> 00:02:06,760 Speaker 1: bought it in France because in the New York store 47 00:02:06,840 --> 00:02:09,200 Speaker 1: there's always a line outside, is it really? And I'm 48 00:02:09,200 --> 00:02:10,640 Speaker 1: just never gonna line up for shoes. 49 00:02:10,720 --> 00:02:10,880 Speaker 2: Yeah. 50 00:02:10,880 --> 00:02:13,120 Speaker 3: I don't see any who lines up onlines exactly to 51 00:02:13,120 --> 00:02:14,680 Speaker 3: get into for shoes. 52 00:02:14,760 --> 00:02:15,000 Speaker 2: Yeah. 53 00:02:15,080 --> 00:02:17,600 Speaker 3: Yeah, interesting? All right, well what else you got? 54 00:02:17,680 --> 00:02:19,920 Speaker 1: Brighetti? So this is seeing the opposite direction. Stock is 55 00:02:19,919 --> 00:02:21,880 Speaker 1: down as much as ten percent, so they tumbled after 56 00:02:21,960 --> 00:02:25,800 Speaker 1: missing revenue expectations. Operating laws was also larger than forecasts. 57 00:02:25,919 --> 00:02:27,800 Speaker 1: Is it report profit? But that's really owing to an 58 00:02:27,840 --> 00:02:30,400 Speaker 1: accounting game. So the CEO said, revenue can be quote 59 00:02:30,480 --> 00:02:33,520 Speaker 1: lumpy since quantum computing continues to be in research and 60 00:02:33,560 --> 00:02:36,200 Speaker 1: development mode. So think of quantum computing and I'm going 61 00:02:36,240 --> 00:02:39,080 Speaker 1: to try my best. It's basically computing, but super fast 62 00:02:39,080 --> 00:02:43,600 Speaker 1: because instead of computing sequentially, it does it parallel wise. 63 00:02:43,720 --> 00:02:45,079 Speaker 3: She's looking at us as if like we know the 64 00:02:45,120 --> 00:02:46,480 Speaker 3: answer to that, yeah. 65 00:02:46,280 --> 00:02:49,320 Speaker 1: Right, please affirm me so. The company not a handful 66 00:02:49,320 --> 00:02:51,640 Speaker 1: of contracts with Sero from the US and the UK, 67 00:02:51,880 --> 00:02:53,720 Speaker 1: but for now it's not looking good for the stock. 68 00:02:54,880 --> 00:02:59,000 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 69 00:02:59,080 --> 00:03:01,840 Speaker 2: us throughout the day for the latest roundup of companies 70 00:03:01,880 --> 00:03:04,919 Speaker 2: making news on Wall Street and for the latest market 71 00:03:04,960 --> 00:03:09,359 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 72 00:03:09,360 --> 00:03:12,640 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 73 00:03:12,680 --> 00:03:14,160 Speaker 2: the Bloomberg Business app.