1
00:00:02,520 --> 00:00:08,720
Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:15,880
Speaker 2: the stock market, harnessing the power of Bloomberg data.

4
00:00:17,040 --> 00:00:18,880
Speaker 3: Let's stick you to some more market movers of the

5
00:00:19,000 --> 00:00:21,640
Speaker 3: day with Bloomberg's as well. Lee, what are you keeping

6
00:00:21,640 --> 00:00:24,000
Speaker 3: an eye on right now? Of course, trading is pretty

7
00:00:24,040 --> 00:00:24,720
Speaker 3: light today.

8
00:00:25,040 --> 00:00:27,680
Speaker 4: Pretty light, but we do have some movers. Nike, for one,

9
00:00:28,000 --> 00:00:31,520
Speaker 4: ticker is nik NK stock is up by ron four

10
00:00:31,520 --> 00:00:34,760
Speaker 4: and a half percent, and that's after CEO Elliot Tail

11
00:00:34,840 --> 00:00:38,240
Speaker 4: reportedly bought a purchase of around one million dollars worth

12
00:00:38,280 --> 00:00:40,920
Speaker 4: of shares. And we know that just last week stocks

13
00:00:41,000 --> 00:00:44,320
Speaker 4: rallied because Apple Cook see Apple CEO Tim Cook also

14
00:00:44,360 --> 00:00:47,520
Speaker 4: bought three million dollars worth of shares. This move really

15
00:00:47,520 --> 00:00:50,479
Speaker 4: doubled his personal stake and signaled confidence in a turnaround

16
00:00:50,520 --> 00:00:53,800
Speaker 4: strategy laid by Hill and Nike has just been struggling

17
00:00:53,880 --> 00:00:56,960
Speaker 4: throughout the year. But maybe this could be the turnaround

18
00:00:56,960 --> 00:00:59,880
Speaker 4: for them, but they've seen weaker quarterly margins luggy Shales

19
00:00:59,920 --> 00:01:02,120
Speaker 4: and China and even for Converse.

20
00:01:02,560 --> 00:01:04,280
Speaker 1: Yeah, I know, we were just talking about that earlier.

21
00:01:04,319 --> 00:01:06,840
Speaker 1: I mean, the stock down more than fifteen percent year today,

22
00:01:06,920 --> 00:01:10,039
Speaker 1: so ELEL obviously thinks he's getting a bargain. You're also

23
00:01:10,040 --> 00:01:13,760
Speaker 1: looking at some biotechs and one take our co or

24
00:01:13,959 --> 00:01:18,000
Speaker 1: t it's not cordyesips like the last of us.

25
00:01:17,720 --> 00:01:21,759
Speaker 4: What corcept So Course of Therapeutics stock is down by

26
00:01:21,800 --> 00:01:25,440
Speaker 4: almost fifty percent. That's after regulators rejected the company's drug

27
00:01:25,480 --> 00:01:27,640
Speaker 4: to treat a form of high blood pressure. So we

28
00:01:27,680 --> 00:01:30,520
Speaker 4: know that with biotech companies, whenever there's a treatment and

29
00:01:30,560 --> 00:01:32,800
Speaker 4: there's a rejection, the stock really plunges. So this is

30
00:01:32,840 --> 00:01:35,280
Speaker 4: the lowest sense at least twenty twenty four. I was

31
00:01:35,319 --> 00:01:38,240
Speaker 4: bracing myself for something more drastic, but at least when

32
00:01:38,280 --> 00:01:41,000
Speaker 4: I go to since sin As function of Bloomberg terminal

33
00:01:41,280 --> 00:01:43,559
Speaker 4: is just still twenty twenty four. So it's the drug

34
00:01:43,640 --> 00:01:46,920
Speaker 4: that aims to treat patients with hypertension and too much

35
00:01:46,959 --> 00:01:50,560
Speaker 4: of there's horror, too much of those hormone cortusols. So

36
00:01:50,760 --> 00:01:54,000
Speaker 4: stock is now down. Take our cort yeah.

37
00:01:54,040 --> 00:01:57,280
Speaker 3: I mean it's interesting as we watch all these healthcare companies,

38
00:01:57,320 --> 00:01:59,720
Speaker 3: all of these biotechs, they make a lot of wild moves.

39
00:01:59,720 --> 00:02:02,640
Speaker 3: But another stock that tends to be pretty violatile is

40
00:02:02,920 --> 00:02:04,880
Speaker 3: ticker DJT, which I know you're looking.

41
00:02:04,680 --> 00:02:07,920
Speaker 4: At, of course, takeer DJT. It's Trump Media's company. They

42
00:02:07,920 --> 00:02:10,880
Speaker 4: again announced plans to distribute a new digital token to

43
00:02:10,960 --> 00:02:15,120
Speaker 4: shareholders in partnership with crypto dot com, another digital token,

44
00:02:15,200 --> 00:02:17,959
Speaker 4: and if you're counting the token, and for every token,

45
00:02:18,040 --> 00:02:20,920
Speaker 4: they will get one whole DJT share, So there is

46
00:02:20,960 --> 00:02:24,080
Speaker 4: some exchange and they will release more details next year.

47
00:02:24,120 --> 00:02:27,160
Speaker 4: They said. Tokenholders may receive periodic rewards. But this is

48
00:02:27,160 --> 00:02:29,920
Speaker 4: a company that's posted an operating loss of one hundred

49
00:02:29,960 --> 00:02:32,720
Speaker 4: eighty six million and just generated three point seven million

50
00:02:32,720 --> 00:02:35,680
Speaker 4: in revenue over the last twelve months. And as Matt

51
00:02:35,720 --> 00:02:39,799
Speaker 4: Winkler Are at EIC Emeritus pointed out in an opinion column,

52
00:02:40,200 --> 00:02:42,640
Speaker 4: Trump Media is the only company among its twenty domestic

53
00:02:42,680 --> 00:02:45,760
Speaker 4: peers with no widely disseminated twelve month target share price,

54
00:02:46,080 --> 00:02:49,880
Speaker 4: revenue estimates, or earnings forecast. So it's either their new

55
00:02:49,960 --> 00:02:52,000
Speaker 4: and maybe analystsn't want to touch them just yet, or

56
00:02:52,040 --> 00:02:53,320
Speaker 4: maybe they just.

57
00:02:53,280 --> 00:02:55,079
Speaker 1: Don't understand this. What is it? By one get one

58
00:02:55,080 --> 00:02:55,839
Speaker 1: free by a share?

59
00:02:57,320 --> 00:02:58,480
Speaker 4: I would take any free thing?

60
00:02:58,720 --> 00:03:00,000
Speaker 1: Why not would you?

61
00:03:00,240 --> 00:03:00,480
Speaker 2: Yeah?

62
00:03:00,600 --> 00:03:02,440
Speaker 1: I mean maybe I don't know it calls to you anything.

63
00:03:02,520 --> 00:03:04,160
Speaker 1: I guess it's not going to cost you anything when

64
00:03:04,840 --> 00:03:08,639
Speaker 1: if it goes down, talk to us about the broader market,

65
00:03:08,680 --> 00:03:11,560
Speaker 1: because we are pausing in Arisanta rally. But we still

66
00:03:11,560 --> 00:03:13,160
Speaker 1: have a couple of days we could make it up.

67
00:03:13,520 --> 00:03:15,240
Speaker 4: We still have a couple of or maybe a couple, yes,

68
00:03:15,240 --> 00:03:18,560
Speaker 4: a couple of days until I think two days after January,

69
00:03:18,639 --> 00:03:21,520
Speaker 4: and it's looking good because the SMP is up seventeen

70
00:03:21,520 --> 00:03:23,680
Speaker 4: percent this year. We're entering our fourth year of the

71
00:03:23,680 --> 00:03:25,720
Speaker 4: bull market, and I think if there's a thing to

72
00:03:25,760 --> 00:03:27,919
Speaker 4: note this year, it's that the AI rally has broadened.

73
00:03:28,160 --> 00:03:30,320
Speaker 4: Remember in the past years it's just in Nvidia in

74
00:03:30,400 --> 00:03:32,040
Speaker 4: video and video, but in video is now just the

75
00:03:32,080 --> 00:03:34,720
Speaker 4: seventy first ranking in the s and P five hundred.

76
00:03:35,120 --> 00:03:38,880
Speaker 4: The very first are data companies that really benefit from

77
00:03:38,920 --> 00:03:41,640
Speaker 4: this whole AI rally. I mean there are companies not

78
00:03:41,680 --> 00:03:43,760
Speaker 4: a lot of people have heard of sand Disk. It's

79
00:03:43,840 --> 00:03:44,800
Speaker 4: up six hundred percent.

80
00:03:45,000 --> 00:03:50,119
Speaker 1: Owe to use SanDisk all the time back in the day.

81
00:03:50,160 --> 00:03:52,360
Speaker 4: I'm sure you've seen it. I use Sandus actually, And

82
00:03:52,400 --> 00:03:54,600
Speaker 4: I was making a point to Matt Miller earlier when

83
00:03:54,600 --> 00:03:57,800
Speaker 4: he made me realize this fact that the new laptops

84
00:03:58,040 --> 00:04:00,360
Speaker 4: you don't have the plug in anymore. But I remember

85
00:04:00,400 --> 00:04:02,560
Speaker 4: when I first got my iMac, you can put it there,

86
00:04:02,600 --> 00:04:05,440
Speaker 4: so I would excitedly take photos in my digicam and

87
00:04:05,440 --> 00:04:07,400
Speaker 4: then I would lug it in and up load it

88
00:04:07,440 --> 00:04:13,640
Speaker 4: on Multiply, Multiply or friends there anyway.

89
00:04:14,480 --> 00:04:18,479
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

90
00:04:18,560 --> 00:04:21,160
Speaker 2: us throughout the day for the latest roundup of companies

91
00:04:21,240 --> 00:04:24,320
Speaker 2: making news on Wall Street and for the latest market

92
00:04:24,360 --> 00:04:28,839
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

93
00:04:28,920 --> 00:04:32,400
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

94
00:04:32,480 --> 00:04:33,960
Speaker 2: the Bloomberg Business app.