WEBVTT - Nike, DJT Rise; Corcept Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Let's stick you to some more market movers of the

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<v Speaker 3>day with Bloomberg's as well. Lee, what are you keeping

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<v Speaker 3>an eye on right now? Of course, trading is pretty

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<v Speaker 3>light today.

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<v Speaker 4>Pretty light, but we do have some movers. Nike, for one,

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<v Speaker 4>ticker is nik NK stock is up by ron four

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<v Speaker 4>and a half percent, and that's after CEO Elliot Tail

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<v Speaker 4>reportedly bought a purchase of around one million dollars worth

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<v Speaker 4>of shares. And we know that just last week stocks

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<v Speaker 4>rallied because Apple Cook see Apple CEO Tim Cook also

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<v Speaker 4>bought three million dollars worth of shares. This move really

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<v Speaker 4>doubled his personal stake and signaled confidence in a turnaround

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<v Speaker 4>strategy laid by Hill and Nike has just been struggling

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<v Speaker 4>throughout the year. But maybe this could be the turnaround

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<v Speaker 4>for them, but they've seen weaker quarterly margins luggy Shales

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<v Speaker 4>and China and even for Converse.

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<v Speaker 1>Yeah, I know, we were just talking about that earlier.

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<v Speaker 1>I mean, the stock down more than fifteen percent year today,

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<v Speaker 1>so ELEL obviously thinks he's getting a bargain. You're also

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<v Speaker 1>looking at some biotechs and one take our co or

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<v Speaker 1>t it's not cordyesips like the last of us.

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<v Speaker 4>What corcept So Course of Therapeutics stock is down by

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<v Speaker 4>almost fifty percent. That's after regulators rejected the company's drug

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<v Speaker 4>to treat a form of high blood pressure. So we

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<v Speaker 4>know that with biotech companies, whenever there's a treatment and

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<v Speaker 4>there's a rejection, the stock really plunges. So this is

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<v Speaker 4>the lowest sense at least twenty twenty four. I was

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<v Speaker 4>bracing myself for something more drastic, but at least when

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<v Speaker 4>I go to since sin As function of Bloomberg terminal

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<v Speaker 4>is just still twenty twenty four. So it's the drug

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<v Speaker 4>that aims to treat patients with hypertension and too much

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<v Speaker 4>of there's horror, too much of those hormone cortusols. So

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<v Speaker 4>stock is now down. Take our cort yeah.

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<v Speaker 3>I mean it's interesting as we watch all these healthcare companies,

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<v Speaker 3>all of these biotechs, they make a lot of wild moves.

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<v Speaker 3>But another stock that tends to be pretty violatile is

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<v Speaker 3>ticker DJT, which I know you're looking.

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<v Speaker 4>At, of course, takeer DJT. It's Trump Media's company. They

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<v Speaker 4>again announced plans to distribute a new digital token to

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<v Speaker 4>shareholders in partnership with crypto dot com, another digital token,

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<v Speaker 4>and if you're counting the token, and for every token,

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<v Speaker 4>they will get one whole DJT share, So there is

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<v Speaker 4>some exchange and they will release more details next year.

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<v Speaker 4>They said. Tokenholders may receive periodic rewards. But this is

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<v Speaker 4>a company that's posted an operating loss of one hundred

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<v Speaker 4>eighty six million and just generated three point seven million

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<v Speaker 4>in revenue over the last twelve months. And as Matt

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<v Speaker 4>Winkler Are at EIC Emeritus pointed out in an opinion column,

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<v Speaker 4>Trump Media is the only company among its twenty domestic

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<v Speaker 4>peers with no widely disseminated twelve month target share price,

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<v Speaker 4>revenue estimates, or earnings forecast. So it's either their new

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<v Speaker 4>and maybe analystsn't want to touch them just yet, or

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<v Speaker 4>maybe they just.

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<v Speaker 1>Don't understand this. What is it? By one get one

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<v Speaker 1>free by a share?

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<v Speaker 4>I would take any free thing?

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<v Speaker 1>Why not would you?

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<v Speaker 2>Yeah?

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<v Speaker 1>I mean maybe I don't know it calls to you anything.

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<v Speaker 1>I guess it's not going to cost you anything when

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<v Speaker 1>if it goes down, talk to us about the broader market,

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<v Speaker 1>because we are pausing in Arisanta rally. But we still

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<v Speaker 1>have a couple of days we could make it up.

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<v Speaker 4>We still have a couple of or maybe a couple, yes,

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<v Speaker 4>a couple of days until I think two days after January,

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<v Speaker 4>and it's looking good because the SMP is up seventeen

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<v Speaker 4>percent this year. We're entering our fourth year of the

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<v Speaker 4>bull market, and I think if there's a thing to

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<v Speaker 4>note this year, it's that the AI rally has broadened.

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<v Speaker 4>Remember in the past years it's just in Nvidia in

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<v Speaker 4>video and video, but in video is now just the

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<v Speaker 4>seventy first ranking in the s and P five hundred.

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<v Speaker 4>The very first are data companies that really benefit from

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<v Speaker 4>this whole AI rally. I mean there are companies not

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<v Speaker 4>a lot of people have heard of sand Disk. It's

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<v Speaker 4>up six hundred percent.

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<v Speaker 1>Owe to use SanDisk all the time back in the day.

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<v Speaker 4>I'm sure you've seen it. I use Sandus actually, And

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<v Speaker 4>I was making a point to Matt Miller earlier when

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<v Speaker 4>he made me realize this fact that the new laptops

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<v Speaker 4>you don't have the plug in anymore. But I remember

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<v Speaker 4>when I first got my iMac, you can put it there,

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<v Speaker 4>so I would excitedly take photos in my digicam and

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<v Speaker 4>then I would lug it in and up load it

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<v Speaker 4>on Multiply, Multiply or friends there anyway.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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