Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Jim Steinebeck along with Carol Masser. Let's take a
Speaker 1: look at some stocks on the move today. We're joined
Speaker 1: by Bloomberg News cross asset reporter Danita Saykovadnitza. Let's start
Speaker 1: with Telecom.
Speaker 2: Yeah, at and T.
Speaker 3: Let's start with the classics stick er. T stock is
Speaker 3: up more than two percent Inardier trading is such a
Speaker 3: search as much as six percent. It's all about subscribers.
Speaker 3: It's all about bundles. The main metric that's catching my
Speaker 3: eyes monthly wireless phone subscribers that are up. It's been
Speaker 3: a very competitive field. The company is actually stilled down
Speaker 3: eight percent here today. Despite this search we're seeing. We
Speaker 3: saw some optimism across the industry Verizon team about all
Speaker 3: those stock search It's been very competitive and hard to
Speaker 3: kind of find a new you. It's like three big companies.
Speaker 3: There isn't too many new things you can offer, but
Speaker 3: they've been trying to bundle all those phone services, lower
Speaker 3: price service, just lower pro They're actually raising price, So
Speaker 3: that's not happening.
Speaker 1: Well, I guess you want to catch my attention, just
Speaker 1: lower your price.
Speaker 3: Yeah, that's we move around so greatly. AT and T,
Speaker 3: if you're watching, you.
Speaker 1: Got to get on the Stanovac family plan.
Speaker 3: Yeah, come on, Tom, are you listening?
Speaker 2: Were watching?
Speaker 3: But the convergence motto is working. One cool stat I
Speaker 3: saw forty percent of households that purchase home broadband are
Speaker 3: also buying a mobile phone service. So I guess we
Speaker 3: should bundle and combine things. Yeah, I guess it'd get
Speaker 3: a good deal. Yeah, all right.
Speaker 1: For a long time, our family was too big for
Speaker 1: the family plant.
Speaker 3: You weren't on it anymore.
Speaker 1: Oh, listen, for a long time I was. We weren't
Speaker 1: on it because they didn't have a big enough family plan.
Speaker 1: But then some of the companies got bigger family plans,
Speaker 1: so now the family can can be part of it.
Speaker 3: So interesting developments here. All right, let's go to So
Speaker 3: that's AT and T. Let's go to Nike. Nike is
Speaker 3: ending online sales agreements in China, potentially hundreds of distribution.
Speaker 3: They've been really trying to work on that vision. Obviously,
Speaker 3: that's been their soft spot. It's been under a lot
Speaker 3: of pressure. They're trying to get tight control over pricing inventory,
Speaker 3: and ending some of those partnerships might help that. Said,
Speaker 3: investors are not too excited about the idea. The stock
Speaker 3: is down two percent today, the ticker's anky EE, and
Speaker 3: the stock is already down thirty seven percent year today.
Speaker 3: We've seen progressis some regions, especially in North America, is
Speaker 3: doing well, but investors are especially worried about China, and
Speaker 3: it seems like this is not necessarily helping. The COO
Speaker 3: is saying they're going to do a comprehensive reset of
Speaker 3: the China operations. They're really investing in their actual shops there.
Speaker 3: They have more than two hundred physical occasions. But nevertheless,
Speaker 3: it seems like the new plan is not taken so well.
Speaker 1: These seused to be about almost one hundred and seventy
Speaker 1: eight dollars a share. That was back in late twenty
Speaker 1: two twenty one. We've talked about a lot of the
Speaker 1: troubles in China is certainly part of it. It fell
Speaker 1: in twenty twenty two, Nike felt twenty nine percent. Twenty
Speaker 1: twenty three, it fell six percent twenty twenty four, it
Speaker 1: fell twenty nine percent in twenty twenty five, it fell
Speaker 1: fourteen percent. Yeah, ticker NK Nike. Yeah, so if you've
Speaker 1: been running, if it was a hill, you're running a
Speaker 1: Nike sneakers.
Speaker 3: It's been easy because it's all but.
Speaker 2: Downhills for the most part. Wow.
Speaker 1: Oh, sorry, that was harsh.
Speaker 2: I'm sorry. Nike.
Speaker 3: It's an incredible, iconic brand. It's iconic, and you've been
Speaker 3: doing so many partnerships, and you know, they have a
Speaker 3: schemes partnership, they have so many things. But so far,
Speaker 3: investors are not excited.
Speaker 1: All right, listen, you know who's excited investors and they
Speaker 1: they're excited about.
Speaker 3: Yeh, super micro computer. That's what they're excited about. Shares
Speaker 3: sort as much as twenty six percent in their trading.
Speaker 3: Now we're stealing double digit, about twenty percent. The ticker,
Speaker 3: of course, is s m c I. The company said
Speaker 3: it's backloak has reached our records. We're talking more than
Speaker 3: sixty million in new orders during the quarter. That's quite
Speaker 3: the backlog. Investors are pretty excited. That said, the company
Speaker 3: hasn't been doing too well this year. It was actually
Speaker 3: declined thirteen percent before the news. It has suffered twenty
Speaker 3: eight percent fall and that was when they announced that
Speaker 3: equity offerings worth seven billion, so investors were into exciting.
Speaker 3: But those resorts are both posting. Their posting seem pretty good.
Speaker 3: They say margins are going to interrange a fifteen to
Speaker 3: seventeen percent. It's better world analysts are expecting. Everyone's looking
Speaker 3: at profitability. So clearly investors are applicated, analysts are applicated,
Speaker 3: and at least for now, for today, that's working. It's
Speaker 3: crazy how one day can change the picture for the
Speaker 3: whole year.
Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with
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