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Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio) · Bloomberg Intelligence

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  Speaker 1: Global business news twenty four hours a day. It's Bloomberg
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  Speaker 1: dot Com, the Radio plus Mobile Act and on your radio.
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  Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters.
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  Speaker 1: I'm Charlie. Tell to Dow. The SMP NESDAK all decline today.
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  Speaker 1: Stock slipped from records as hawkish comments from the Federal
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  Speaker 1: Reserve official took some momentum out of a six week
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  Speaker 1: rally amid concerns growth may not be sturdy enough yet
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  Speaker 1: to bear higher interest rates. The SMP five hundred index
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  Speaker 1: down eleven of the close to seventy eight, a drop
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  Speaker 1: of five tenths of one percent down, industrials down eighty
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  Speaker 1: three points to eighteen thousand, five hundred fifty two, a
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  Speaker 1: drop of five tenths of one percent, and has stack
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  Speaker 1: down thirty five to fifty two twenty seven, a drop
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  Speaker 1: of seven tenths of one percent. New York Fed President
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  Speaker 1: Bill Dudley said the Federal Reserve could potentially raise rates
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  Speaker 1: as soon as next month, warning investors they are underestimating
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  Speaker 1: the likelihood of increases in bar throwing costs. Reaction from
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  Speaker 1: car Ricadonna, chief US economist at Bloomberg Intelligence, who was
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  Speaker 1: interviewed right here on taking stock. I don't think he's
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  Speaker 1: a very serious about September height being on the table,
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  Speaker 1: but I think he's trying to push back against the
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  Speaker 1: sanguine attitude in the market, which he is on many
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  Speaker 1: occasions in the past kind of criticized. Down day for stocks.
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  Speaker 1: But Dick's Sporting good shares advanced today by seven percent
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  Speaker 1: after boosting its annual forecast. Assigned the chain will benefit
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  Speaker 1: from the demise of rival sports authority Hayne. Celestial Group,
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  Speaker 1: a supplier of organic and natural products the whole foods
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  Speaker 1: market and other grocers, plunged the most in more than
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  Speaker 1: fifteen years after delaying financial results on accounting concerns and
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  Speaker 1: abandoning its full year targets. Hayne down today by twenty
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  Speaker 1: six point three percent. Home Depot out with earnings this morning,
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  Speaker 1: shares down six tenths of one percent. Second quarter profit
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  Speaker 1: rose nine point three percent. It did boot it's earnings
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  Speaker 1: forecast for the year. The tenure down five thirty seconds,
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  Speaker 1: the yield one point five seven percent, Gold up four
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  Speaker 1: thirty ounce, the thirteen forty seven a gain of three
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  Speaker 1: tenths of one percent. SMP down twelve the torop of
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  Speaker 1: five tenths of one percent four oh two on Wall Street.
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  Speaker 1: Now the other stories making news. Charlie, Thank you from
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  Speaker 1: the Bloomberg news Room by Mark Crumpton. Hillary Clinton has
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  Speaker 1: pledging to tighten gun control, even as she again rejects
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  Speaker 1: Donald Chump's claim that she would abolish this second amendment.
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  Speaker 1: Clinton told supporters at a voter registration event in Philadelphia
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  Speaker 1: that she would push for comprehensive background checks, close loopholes
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  Speaker 1: and gun laws, and bar people on terror watch lists
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  Speaker 1: from buying guns. The European Aviation Safety Agency wants to
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  Speaker 1: toughen medical exams for pilots, including better mental health assessments.
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  Speaker 1: It's in response to German wings pilot Andreas Lupez in
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  Speaker 1: March of Lubez locked his captain out of the cockpit
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  Speaker 1: and am the plane into a mountain side. All one
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  Speaker 1: hundred fifty people on board were killed. The aviation agency
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  Speaker 1: is calling for including drugs and alcohol screening, comprehensive mental
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  Speaker 1: health assessments, as well as improved follow ups involving psychiatric conditions.
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  Speaker 1: Michael Barr Bloomberg Radio, Washington, d C. Police Chief Cafee
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  Speaker 1: Lanier announced today she'll retire next month and take over
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  Speaker 1: as head of security for the National Football League. I
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  Speaker 1: owe my life to the city, to the residents, and
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  Speaker 1: to the department. And that's why I say every day
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  Speaker 1: that I came to work, it didn't feel like work
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  Speaker 1: to me. Lanier has been on the d C force
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  Speaker 1: for twenty six years. The World Trade Center Mall is
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  Speaker 1: reopening today. The three hundred sixty five thousand square foot
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  Speaker 1: center will eventually have more than one hundred stores, with
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  Speaker 1: about sixty opening today. The mall stretches along a four
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  Speaker 1: block underground network that spans the basis of three office towers.
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  Speaker 1: Global News twenty four hours a day, powered by more
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  Speaker 1: than twenty six hundred journalists and and was in more
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  Speaker 1: than one countries. I'm more Crumpton. This is Bloomberg, Charlie,
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  Speaker 1: and we thank you and again recapping a twelve point
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  Speaker 1: loss today for the SMP five d indecks down six
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  Speaker 1: tenths of one percent to I'm Charlie Pelton. That's a
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  Speaker 1: Bloomberg business flash move around. Motion creates promotion. The elite
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  Speaker 1: t move You moved like they do. I've never seen
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  Speaker 1: anyone move that fast hard people's mood like to get
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  Speaker 1: a purpose that he was called movers and shakers. They
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  Speaker 1: cost a little more. That name cracked me up. Bloomberg
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  Speaker 1: taking stock movers and shakers with Pim Fox and Kathleen
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  Speaker 1: As on Bloomberg Radio. Well, the votes are in if
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  Speaker 1: you consider people buying and selling stocks today, and they're
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  Speaker 1: definitively to the downside. Only one stock companies UH company
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  Speaker 1: shares closing higher today for eight closing lower, six unchained.
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  Speaker 1: So we've got lots to look at in that moving
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  Speaker 1: and shaking in both columns. Dave Wilson, our stocks editor,
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  Speaker 1: who joins us, Now, what are you starting with? You're
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  Speaker 1: always sure do and let's start out with active Vision Blizzard,
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  Speaker 1: the video game maker, Call of Duty, many other titles.
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  Speaker 1: Chief executive Bobby Kotick and chairman Brian Kelly sold about
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  Speaker 1: seventy and a half million shares of the company that
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  Speaker 1: they previously owned through a partnership, the sale raising seven
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  Speaker 1: hundred nine million dollars, cutting their stakes almost in half.
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  Speaker 1: And all those shares being sold that did not go over, well,
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  Speaker 1: you had Activision Blizzard as the third worst performer in
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  Speaker 1: the S and P five hundred today of the stock
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  Speaker 1: falling five point two percent. I'll tell you about Lockheed Martin.
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  Speaker 1: The shares down by a little bit more than three
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  Speaker 1: and a half percent. This is the biggest decline in
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  Speaker 1: more than in six months. They disclosed that a four
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  Speaker 1: point six billion dollars spinoff of its information technology division
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  Speaker 1: to Lightos Holdings would provide less of a boost earnings
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  Speaker 1: than investors had previously estimated. Now, Lockheed repurchased nine point
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  Speaker 1: four million shares through the tax free transaction it's called
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  Speaker 1: a reverse Morris trust, but that was less than a
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  Speaker 1: ten million shares that investored had estimated that the company
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  Speaker 1: would retire meeting the deal will provide less of a
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  Speaker 1: list lift to lockheeds earnings on a per share basis.
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  Speaker 1: This all according to Joseph de Nardi, an analyst over
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  Speaker 1: its defil Nicholas and Company. Once again, shares of Lockheed
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  Speaker 1: Martin down three and a half percent. Well, let's look
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  Speaker 1: at home Depot Home Deeple. Of course, the world's largest
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  Speaker 1: home improvement retailer, posting second quarter profit that was up
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  Speaker 1: nine point three percent, boosted their earnings forecast for the year.
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  Speaker 1: And of course, Americans just can't get enough home improvement
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  Speaker 1: these days. In fact, brat Hunter was on the show
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  Speaker 1: earlier today chief economist at Home Advisor, and he was
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  Speaker 1: talking about how people are spending more money on larger projects.
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  Speaker 1: This is definitely a trend that is in place now,
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  Speaker 1: but instead of being higher as it was to a
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  Speaker 1: certain for a certain time earlier, today home people down
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  Speaker 1: a bit about point six at the close our own
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  Speaker 1: Dave Wilson pointing out today on the show that second
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  Speaker 1: quarter earnings and revenue only match the average analyst estimates
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  Speaker 1: in a Bloomberg survey, and the full year profit forecast
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  Speaker 1: was lower than the average projection even after being raised.
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  Speaker 1: So Dave Wilson, thank you for sending us straight. Well,
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  Speaker 1: I do what I can. You had a similar story
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  Speaker 1: in terms of the forecast at t j X. This
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  Speaker 1: is the owner of the off price chains tj Max,
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  Speaker 1: Marshall's and Home Goods. Uh. They came out and actually
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  Speaker 1: raised their full year earnings estimate. They're now looking for
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  Speaker 1: profit to be as highest three dollars and forty three cents.
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  Speaker 1: Problem is, the average analystestimate and Bloomberg survey called for
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  Speaker 1: earnings of three fifty So when you come up short
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  Speaker 1: like that, it does not get a great reception from investors.
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  Speaker 1: And t j X one of the worst performers in
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  Speaker 1: the SMP five hundreds to day with the loss of
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  Speaker 1: five eight percent. The shares of Cody, they are the
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  Speaker 1: seller of Calvin Klein fragrances, among others, felt the most
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  Speaker 1: in three months, a drop of five percent after failing
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  Speaker 1: to provide investors with enough forecast for the performance of
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  Speaker 1: the company. After it completes its acquisition of Procter and
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  Speaker 1: Gambles beauty brands, once again, the shares down a little
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  Speaker 1: bit less than five percent. Cody is working to integrate
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  Speaker 1: more than forty Procter and Gamble beauty products that will
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  Speaker 1: include Gucci fragrances, Cover Girl Cosmetics, as well as Max
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  Speaker 1: Factor makeup. It's a twelve and a half billion dollar deal.
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  Speaker 1: It was announced a year ago July. It's expected to
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  Speaker 1: turn Cody into the world's third largest cosmetics company. It's
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  Speaker 1: estimated it will close in October. Once again, shares of
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  Speaker 1: Cody down five percent. I want to take a look
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  Speaker 1: Dick Sporting Goods. Dick's having quite a day to day,
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  Speaker 1: as up as much as tempercent at one point at
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  Speaker 1: the close more than seven percent. It boosted its annual
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  Speaker 1: forecast and it now expects earnings of two dollars and
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  Speaker 1: ninety cents to three dollars and five cents to share,
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  Speaker 1: compared with the forecast of as much as to uh
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  Speaker 1: to nine in May same store sales. That says we'll
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  Speaker 1: gain two to three percent, and previously it said sales
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  Speaker 1: might decline one percent. It's a clear sign, according to
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  Speaker 1: Nick Turner Bloomberg News, the chain is going to benefit
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  Speaker 1: from the demise of its rival sports authority. All right,
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  Speaker 1: it's time now for the Volatility Index Report. It's brought
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• 9:43
  Speaker 1: Outcomes VIX. The VIX moved higher today. It was up
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  Speaker 1: five and three quarters of a percent, a gain of
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  Speaker 1: point six nine, settling at twelve point five. Oh and
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  Speaker 1: many of the world's investing elites such as Carlicon, sam Zell,
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  Speaker 1: Stanley Druck and Miller, as well as George Soros doubling
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  Speaker 1: their bets on bearish bets on the SMP five in
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  Speaker 1: the past quarter, and the VIX moose higher today. All Right,
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  Speaker 1: Dave you're uh, Hi, my name is Dave. Just what
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  Speaker 1: do you think you're doing things? We're Dave, Dave, al right,
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  Speaker 1: Mr Wilson Fabrinet. Uh. Their shares are down, but the
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  Speaker 1: analyst had showed earlier some really unqualified support. What happened? Well,
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  Speaker 1: look at it this way. When the company has been
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  Speaker 1: on a roll and it shares of surge, it doesn't
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  Speaker 1: take much to give investors a reason for pause or
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  Speaker 1: for selling. This may explain what happened to Fabrinet. This
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  Speaker 1: is a company that makes fiber optic equipment under contract
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  Speaker 1: for for other producers. UH. Fabrinets, listed under the ticker
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  Speaker 1: f END. Company released fiscal fourth quarter results after yesterday
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  Speaker 1: is closing up to then. The socks game for the
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  Speaker 1: year stood at seventy eight per ent. Fabrinettes earnis only
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  Speaker 1: matched analyst average estimate Bloomberg survey after feating projections for
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  Speaker 1: the previous six quarters, companies forecasts showed first quarter results
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  Speaker 1: were more likely to trail estimates sent to come out ahead.
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  Speaker 1: And as you mentioned, Kathleen, analysts who followed Fabrinette weren't
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  Speaker 1: phased by this. Data compiled by Bloomberg shows six analysts
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  Speaker 1: cover the company, all of them went into the report
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  Speaker 1: with some kind of by rating on the stock, and
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  Speaker 1: afterward they all raised their share price estimates. Traders and investors, though,
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  Speaker 1: were more skeptical. While Fabrinette rose as much as six
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  Speaker 1: point four percent at the open, the shares gave back
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  Speaker 1: their game within minutes and later dropped as much as
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  Speaker 1: nine and a half percent, and they ultimately closed. Fabrinette
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  Speaker 1: did with a loss of about six percent on the day.
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  Speaker 1: Thank you very much, Dave Wilson, Bloomberg Stocks, Colmist. You're
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  Speaker 1: listening to taking Stock, I'm pim Fox. My co host
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  Speaker 1: Kathleen Hayes. Coming up, we'll find out what to do
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  Speaker 1: with your money. If you're looking to avoid volatility. This
• 11:59
  Speaker 1: is Blue Burke Well High volatility, low volatility. We know
• 12:09
  Speaker 1: we've watched the VIX very closely on this show. David
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  Speaker 1: Harden's president and CEO of Sewhat Global Investments on a
• 12:15
  Speaker 1: low volatility investment strategy. This is Bloomberg h