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

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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 at Bloomberg
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  Speaker 1: pieces a Bloomberg Business for from Bloomberg World Headquarters. I'm
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  Speaker 1: Charlie Pelot, Folks from Red Bull Ringing Net closing bell
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  Speaker 1: on this first trading day of the new month. The
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  Speaker 1: DAL the smpnaz dak all advancing the dale, going from
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  Speaker 1: negative to positive in the final few seconds there with
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  Speaker 1: a gain of one point. And we are brought to
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  Speaker 1: So stocks little changed on this Wednesday after the SMP
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  Speaker 1: five index captain's longest stretch of monthly advances since two
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  Speaker 1: thousand fourteen. SMP up two points to two thousand ninety nine,
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  Speaker 1: a gain of one tenth of one percent, Nestack up
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  Speaker 1: four to forty nine fifty two a gain of point
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  Speaker 1: one percent. Down Industrials up one point, little change their
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  Speaker 1: of the down at seventeen thousand seven. Federal Reserve and
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  Speaker 1: its page book report says the US economy expanded at
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  Speaker 1: a modest pace across most of the country since mid April,
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  Speaker 1: causing the labor market to tighten as employers continued adding
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  Speaker 1: jobs and nudging wages higher. The manufacturing unexpectedly expanded at
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  Speaker 1: a faster pace in May, help by an increase in
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  Speaker 1: orders that signal US factories aren't rebounding from an early
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  Speaker 1: twenty sixteen slump. Brat Holcom is chairman of the Manufacturing
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  Speaker 1: Business Survey at the Institute for Supply Management, and he
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  Speaker 1: was our guest this afternoon right here on taking stock.
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  Speaker 1: We gotta like at fifty one point three, growing for
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  Speaker 1: three consecutive months after five months of contraction. So hopefully
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  Speaker 1: we're setting up a new positive trend that's led by
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  Speaker 1: a good quality number in new orders fifty five point seven,
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  Speaker 1: down just a tenth of a point from a strong
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  Speaker 1: fifty five point eight last month, growing for five and
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  Speaker 1: set months, So good things for this month's report. US
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  Speaker 1: auto sales though softer than predicted in May, a beltweather month.
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  Speaker 1: That may help the Fed as they meet later on
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  Speaker 1: this month again, SMP up two points. It is four
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  Speaker 1: or two on Wall Street. Now look at the other
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  Speaker 1: stories making news. Charlie. Thank you from the Bloomberg news room.
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  Speaker 1: I Mark Crumpton. This news update is brought to you
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  Speaker 1: several weeks, but US Brigadier General Charles Cleveland says Afghan
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  Speaker 1: Health and Human Services Secretary Sylvia Matthews Burwell, New York
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  Speaker 1: called enduring reform at Rikers Island. That's according to the Time,
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  Speaker 1: by our journalists and more than one at fifty news
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  Speaker 1: bureaus around the world from the Bloomberg News Room by
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  Speaker 1: Mark Crumpton charlt and we thank you and again recapping
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  Speaker 1: an advance for US equities Gold lower today down to
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  Speaker 1: fifteen and dropped there of two tenths of one percent,
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  Speaker 1: the tenure up one thirty, second year old one point
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  Speaker 1: eight four and again the SMP at two thousand ninety
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  Speaker 1: nine on this first day of June, picking up two
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  Speaker 1: points a gain of point one percent. I'm Charlie Peloton.
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  Speaker 1: That's a Bloomberg Business flash. Move around motion creates the
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  Speaker 1: motion at the early move Can you move like they do?
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  Speaker 1: I've never seen anyone move that back fired people. Let's
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  Speaker 1: move like to get a purpose. That's called movers and shakers.
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  Speaker 1: They cost a little more and that name cracked me up.
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  Speaker 1: Bloomberg taking stock Overs and Shakers with Pim Fox and
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  Speaker 1: Kathleen As on Bloomberg Radio. The games in the Major
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  Speaker 1: Market index is not big today, flat tub about a
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  Speaker 1: tenth of percent. But by oh boy, when you look
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  Speaker 1: inside the SNP five hundred, you see a definitive move
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  Speaker 1: higher supported by the numbers of winners and losers within
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  Speaker 1: that index. Three hundred six gained hundred ninety two foul
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  Speaker 1: seven closing unchanged. Jeremy now is our stocks editor Dave
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  Speaker 1: Wilson to kick off movers and shakers, and I'm gonna
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  Speaker 1: look outside the SNP five hundred at Ali Baba Group holding,
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  Speaker 1: the Chinese e commerce company. Now their biggest shareholder is
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  Speaker 1: Japan's soft Bank Group and soft Branks that it plans
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  Speaker 1: to sell at least seven point nine billion dollars of
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  Speaker 1: shares in Ali Baba, and that includes five billion that
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  Speaker 1: would be sold privately two institutional investors. The sale cuts
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  Speaker 1: offt Bank steak by about four percentage points to twice
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  Speaker 1: eight percent and that prospect didn't go over well at
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  Speaker 1: all with investors. Ali Baba's shares down six and a
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  Speaker 1: half percent in today's trading, and the company's second largest shareholder, Yahoo,
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  Speaker 1: which owns about fifteen percent stake, well, that stocked down
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  Speaker 1: three point four percent on the day. Well, you know
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  Speaker 1: how I love to look at retailers, particularly retailers that
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  Speaker 1: sell handbags, Dave, So of course I'm looking at Michael
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  Speaker 1: Core's holdings, up the most in nearly four months. In fact,
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  Speaker 1: at one point today the stock was up nearly eight
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  Speaker 1: percent seven point seven percent after its annual forecast exceeded
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  Speaker 1: analysts estimates. Helped buy a new lineup of handbags, that's
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  Speaker 1: one thing, and in the prospect of a deeper push
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  Speaker 1: into Asia, especially China. Right now at the close, Michael
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  Speaker 1: Core is up six point six percent of forty five
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  Speaker 1: dollars and fifty five cents. Profit will be four dollars
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  Speaker 1: and fifty six cents to four sixty four a share
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  Speaker 1: in the year through March twenty seven, team, with analysts
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  Speaker 1: projecting for four fifty one cents on average. They released
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  Speaker 1: early summer products to get customers into stores and there
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  Speaker 1: are buying back their Greater China license move they announced today,
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  Speaker 1: and it's important because US shoppers interested in the brands
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  Speaker 1: appears to have peaked. And that's according to Neil Saunders,
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  Speaker 1: who's the CEO of a research company called Cone Lumino.
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  Speaker 1: I have to look at the under Armour, the athletic wearmaker.
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  Speaker 1: We know their endorsers include Stephen Curry, who's wanting to
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  Speaker 1: be playing in the NBA Finals with the Golden State Warriors.
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  Speaker 1: I can hardly absolutely going up against Lebron James and
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  Speaker 1: the Cleveland Cavaliers. In any case, though, this was not
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  Speaker 1: the kind of day that under Armor would appreciate. Commy
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  Speaker 1: at Cuts Foilier forecast in response to sporting goods retailer
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  Speaker 1: Sports Authorities planned to liquidate. Now Sports and Authority file bankruptcy,
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  Speaker 1: had planned to reorganize, ended up though the liquid as
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  Speaker 1: won the bidding for the company, so instead it's gon
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  Speaker 1: sell off all of its assets. So there goes demand
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  Speaker 1: for under Armers products. And this is a company actually
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  Speaker 1: has two classes of common shares in the SMP five
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  Speaker 1: undered say it's time about two of the day's worst
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  Speaker 1: performers in that index under Armours Class A, down almost
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  Speaker 1: four percent and under Armour Class C down three point
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  Speaker 1: six percent. Well, day, we can't overlook the automakers because
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  Speaker 1: they had a tough day after sales at the Big
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  Speaker 1: three came in on the light side of forecasts much
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  Speaker 1: softer than predicted. In May, we can take a look
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  Speaker 1: at four down two point eight percent, GM down three
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  Speaker 1: point four percent forward their sales year over year for
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  Speaker 1: the month May, we're down six point one percent, GM
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  Speaker 1: down eighteen percent. If you have christs are eked out
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  Speaker 1: a one percent gain, but it's share price also closing
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  Speaker 1: lower by one pot eight percent. And of course the
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  Speaker 1: biggest retail UH auto retailer in the country, Auto Nations,
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  Speaker 1: closing lower by one and a half percent CarMax down
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  Speaker 1: two point nine percent. Is interesting because we spoke to
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  Speaker 1: Michael Sprague who is the CEO of Kia America DAVE,
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  Speaker 1: and they had a record year of many sales in
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  Speaker 1: this country nearly sixty three thousand units. Well, I'll just
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  Speaker 1: mentioned Whole Foods Market briefly. One of the day's winners.
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  Speaker 1: The grocery store owner raised the equivalent of buy from
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  Speaker 1: neutral at Credit Suites, and in response to that call,
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  Speaker 1: you saw Whole Foods Market and move up almost five
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  Speaker 1: in today's training. So it is now time for the
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  Speaker 1: out again a point o two, closing at fourteen point
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  Speaker 1: to one, so it is barely an up day. Just
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  Speaker 1: to remind you on this first day of June that
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  Speaker 1: the VIX fell nine point six percent in the month
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  Speaker 1: of May. All right, Dave, you're up, Hi, Hi, my
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  Speaker 1: name is Dave. Just what do you think you're doing.
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  Speaker 1: We're going to Dave. Hey, Mr Wilson, you're looking at
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  Speaker 1: a favorite author. When people are driving around getting other
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  Speaker 1: cars looking for something deep, Cracker Barrel Old Country Store
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  Speaker 1: is doing pretty well. Absolutely and not just something because yeah,
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  Speaker 1: I remember. Cracker Barrel operates gift shops as well as
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  Speaker 1: restaurants in the same location. The restaurants are for what
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  Speaker 1: the company calls home style meals. The gift stores offer
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  Speaker 1: everything from food and candy to furniture and home to
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  Speaker 1: court Cracker Barrel started in nineteen sixty nine, when the
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  Speaker 1: first location was opened in leven in, Tennessee. The company's
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  Speaker 1: still based there. It's in publicly trace and its ticker
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  Speaker 1: Symbolis c b r L. Now Cracker Barrel shares have
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  Speaker 1: climbed more than fifteen fold from a low in November
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  Speaker 1: two thousand and eight. Today they set a record after
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  Speaker 1: the company just squared a special dividend for the second
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  Speaker 1: straight year. The one time payout was raised to three
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  Speaker 1: dollars twenty five centers to share from last year's three dollars.
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  Speaker 1: Cracker Barrel also lifted its quarterly dividend by five cents
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  Speaker 1: of shared with dollar fifteen, and the comedy raised its
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  Speaker 1: hurtings for share estimate for the fiscal year ending in
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  Speaker 1: July by that same five cents a share. UH shares
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  Speaker 1: a Cracker Barrel roses high as a hundred and sixty
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  Speaker 1: seven dollars and ten cents today before closing at one.
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  Speaker 1: That's a gain of eight point four percent, the biggest
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  Speaker 1: for the stock since February of last year. Boy live
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  Speaker 1: in Tennessee less than thirty thousand people. David proxim Me
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  Speaker 1: twenty five miles east of downtown Nashville. Don't wonder such
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  Speaker 1: as spots created this this wonderful, wonderful restaurant and gift
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  Speaker 1: shop chain. This is taking k on Bloomberg Radio. Bloomber
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