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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, Imberg the
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  Speaker 1: Radio plus Globo on your radio from Bloomberg World Headquarters
• 0:13
  Speaker 1: in Katherine maccodary and as at closing bell sound, they
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  Speaker 1: down industri Loward Is down one hundred points a loss
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  Speaker 1: of six tents of a percent, trading at seventeen thousand,
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  Speaker 1: six hundred fifty two. SMP five founded down twelve point
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  Speaker 1: six tents of a percent to two thousand fifty one.
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  Speaker 1: The Nastact down thirty seven points eight tents of a percentage,
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  Speaker 1: trading at forty seven twenty five. Well The stock market
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  Speaker 1: extended as losses, with the SMP five thundered, falling for
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  Speaker 1: the fourth time in five days. There are lingering concerns
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  Speaker 1: at weak global growth will weigh on the US economy.
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  Speaker 1: Their signs of weakness in the job market. The Payroll
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  Speaker 1: Processor a DP said that businesses added jobs at the
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  Speaker 1: weakest pace in three years. Last month, industrial shares lost
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  Speaker 1: more than one percent as the eighteen percent rally from
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  Speaker 1: February Low's faltered. John Man, Late, chief equity strategist at
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  Speaker 1: Wells Fargo Funds, expects the stock market to hold steady
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  Speaker 1: fair valuations and the news hasn't been that great. That's
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  Speaker 1: not the sort of thing that moves as higher. But
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  Speaker 1: I don't think it posed a slower either. West Texas
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  Speaker 1: in a media crude oil up four cents a barrel
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  Speaker 1: half a percent at nine sparkled it down ten dollars
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  Speaker 1: eighty cents announced at twelve eighty one, and the tenure
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  Speaker 1: treasury is up six thirty seconds with the yield of
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  Speaker 1: one point seven seven per cent. Among today's top business stories,
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  Speaker 1: two top manufacturing executives are leaving Tesla Motors at a
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  Speaker 1: time when the electric car company is about to release
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  Speaker 1: its most important car, the mass production Model three. A
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  Speaker 1: person familiar with the situation says the executive changes are
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  Speaker 1: linked to delays, which is and a recall, but have
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  Speaker 1: the deviled Model X. Tesla denied any connection between the
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  Speaker 1: departures and production problems with its SUV and we are
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  Speaker 1: awaiting test this quarterly results. The recall for Takata airbags
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  Speaker 1: has been doubled. Federal officials have ordered Takata to replace
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  Speaker 1: as many as forty million additional air bags linked to
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  Speaker 1: deadly malfunctions, then move more than doubles the twenty eight
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  Speaker 1: point eight million in platers at Takata had previously recalled
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  Speaker 1: in the US. It affects vehicles made by twelve different manufacturers,
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  Speaker 1: including Honda, Toyota, and Fiat christ Serve. It's four oh
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  Speaker 1: two on Wall Street. Time for en update to some
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  Speaker 1: of the other stories we're following on Bloomberg Radio today. Catherine,
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  Speaker 1: thank you from the Bloomberg News Room. I Mark Crumpton,
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  Speaker 1: a federal judge, says he may order Hillary Clinton to
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  Speaker 1: testify under oath about whether she used a private emails
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  Speaker 1: server as Secretary of State to evade public records disclosures.
• 2:34
  Speaker 1: Judge Emmett Sullivan signed in order granting a request from
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  Speaker 1: the conservative group Judicial Watch. It wants to question six
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  Speaker 1: current and former State Department staffers. It's the end of
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  Speaker 1: the line for Republican presidential candidate John Kasik, two people
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  Speaker 1: close to the campaign tell Bloomberg News the Ohio governor
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  Speaker 1: will end his bid for the White House later today.
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  Speaker 1: The move, just a day after the exit of Texas
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  Speaker 1: Senator Ted Cruz, cements Donald Trump at the GOP standard
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  Speaker 1: bearer and sets the stage for an almost certain match
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  Speaker 1: up against Democrat Hillary Clinton in November. Governor Casey will
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  Speaker 1: speak at five pm Wall Street time in Columbus. More
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  Speaker 1: than eighty thousand people are fleeing a fast moving wildfire
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  Speaker 1: in northeast Alberta, Canada. Mandatory evacuation orders went into effect
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  Speaker 1: for the entire city of Fort McMurray as flames pushed
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  Speaker 1: into the town, destroying homes and reigning ash on residents.
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  Speaker 1: Dale Benfeld is with the Royal Canadian Mounted Police. The
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  Speaker 1: majority of our citizens will most likely find the lodging
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  Speaker 1: and support through family and friends, but we continue to
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  Speaker 1: find industry partners to help us find places to put
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  Speaker 1: these people into a safe area. Governor Cuomo says justice
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  Speaker 1: was served in the Sheldon Silver case. The former Assembly
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  Speaker 1: speakers twelve years sentence, according to Cuomo, sends a message
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  Speaker 1: to officials who abuse the public's trust. Global News twenty
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  Speaker 1: four hours a day, powered by our journalists in more
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  Speaker 1: than one hundred fifty news bureaus around the world. From
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  Speaker 1: the Bloomberg News Room, my Mark Crumpton, Catherine, thank you,
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  Speaker 1: and now let's check those benchmarks as they begin to
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  Speaker 1: settle down. Industrial leverage down one hundred points to seventeen thousand,
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  Speaker 1: six hundred fifty one, SMP five hundred down twelve points
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  Speaker 1: to two thousand, fifty one. The nastact down nearly threety
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  Speaker 1: eight points to forty seven five. Bloomberg Taking Stock is
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  Speaker 1: brought to you by Pershing's Insight sixteen conference, a must
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  Speaker 1: of ten for advisors June seventh through the ninth in Orlando, Florida.
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  Speaker 1: Register at Insight twenty SI dot com. That's I N
• 4:33
  Speaker 1: S I TE dot com and that's a Bloomberg business flash.
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  Speaker 1: Wove around most grade motion up there Earth move you
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  Speaker 1: moved like they do. I've never seen anyone move that fast.
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  Speaker 1: Five people's move like you've got a purpose. He's called
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  Speaker 1: movements in Shaker. They cost a little more. That name
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  Speaker 1: cracked me up. Bloomberg taking Stock Movers and Shakers with
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  Speaker 1: bim Box and Gatlin as on Bloomberg Radio Movers and
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  Speaker 1: Shakers for Wednesday made the fourth twenties sixteen one hundred
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  Speaker 1: and fifty three issues move higher in the SMP, five hundred,
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  Speaker 1: three hundred and forty seven issues fall and five remained unchanged.
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  Speaker 1: Alrd I want to bring in Dave Wilson Bloomberg stocks
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  Speaker 1: Commas to kick off our movers and shakers. WI taking
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  Speaker 1: a look at Tesla Motors because they're just out with
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  Speaker 1: their quarterly results. Uh, they had an adjusted loss of
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  Speaker 1: fifty seven cents of share. Done. Sounds a great except
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  Speaker 1: analysts we're looking for a loss of sixty cents on average.
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  Speaker 1: So it's actually turning out a little bit better than
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  Speaker 1: analysts were anticipating. And you've got an immediate reaction in
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  Speaker 1: Tesla's shares. They closed today at the two twos and
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  Speaker 1: fifty six cents. They're trading at about two hundred and
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  Speaker 1: thirty eight dollars at the moments. That works out to
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  Speaker 1: a gain of about seven percent for the electric carmaker. Well, gentlemen,
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  Speaker 1: let's take a quick look at Zillo. Who doesn't love now?
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  Speaker 1: Maybe few years ago we didn't even do what you
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  Speaker 1: go online. You look at houses, you look at sales,
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  Speaker 1: you look at all kinds of things. Zillo, of course
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  Speaker 1: a leader in this space, and it reported first quarter
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  Speaker 1: revenue that topped forecast, It raised its full sixteen sales forecast,
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  Speaker 1: beat on the quarter, beat on the second quarter outlook,
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  Speaker 1: beating on the year, helping boost the stock today. UM
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  Speaker 1: one of the people quoted here saying Zillo appears to
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  Speaker 1: have pricing power. They have lingering concerns about the name,
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  Speaker 1: including evaluation, and of course there is some follow up
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  Speaker 1: potentially from litigation Zillo saying it expects litigation expenses UH
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  Speaker 1: in its in litigation with News Corps and the National
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  Speaker 1: Association of Realtors. Anyway, those could reach fifty to fifty
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  Speaker 1: five million for the full year compared with pro expectations
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  Speaker 1: of thirty six million. But the revenue beats are so
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  Speaker 1: strong today that Zilla moved higher. Well, I'll tell you
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  Speaker 1: about a company that well, it just rents uh real
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  Speaker 1: estate Avalon Bay Communities. Um. They are in obviously Los
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  Speaker 1: Angeles and Seattle, saying that rent Soft's had a slowing
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  Speaker 1: uh slowing rental growth in other parts of the country.
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  Speaker 1: Avalon Bay communities today up more than two percent. A
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  Speaker 1: good news for real estate, particularly on the West coast.
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  Speaker 1: Tell you who didn't have good news? Price Line Group
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  Speaker 1: tell you this is this is the company that lost
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  Speaker 1: their chief executive uh just last week there in Houston,
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  Speaker 1: resigning after company said he broke its code of conduct
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  Speaker 1: by having a personal relationship with an employee. Well, they
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  Speaker 1: are out with the results and as it turns out,
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  Speaker 1: their second quarter earnings are gonna be no higher than
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  Speaker 1: twelve dollars and fifty cents this year. That's what they're
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  Speaker 1: expecting anyway, average analyst test two, according to data compabed
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  Speaker 1: by Bloomberg. Now, there are a couple of reasons they sided.
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  Speaker 1: One is that Easter fell earlier this year March does
• 8:00
  Speaker 1: opposed to April five last year. Also, they're spending more
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  Speaker 1: money to advertise their main websites, price line dot com
• 8:07
  Speaker 1: and Booking dot com. Price Line group falling seven and
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  Speaker 1: a half percent today's trading Expedia down one point six
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  Speaker 1: percent and trip Advisor down four point one so price
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  Speaker 1: lines rivals falling as well. Well. You know, it's just
• 8:19
  Speaker 1: always interesting what a difference management can making making a
• 8:23
  Speaker 1: difference for the shares of under Armour today under Armer
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  Speaker 1: closing down three dollars and cents to share and fifty
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  Speaker 1: one cents after reporter. The two key executives are leaving
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  Speaker 1: the company, the chief Digital Officer, Robin Thurston, and the
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  Speaker 1: Chief Merchandizing Officer, Henry Stanford. The chief merchandising officer, you
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  Speaker 1: may not know this an important position for any apparel
• 8:44
  Speaker 1: and footwear designer. That's the executive that sets the overall
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  Speaker 1: aesthetic for the brand. Stanford first joint under arm and
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  Speaker 1: lead the company's apparel line, which is by far under
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  Speaker 1: Armers largest product category. Earned a lot of promotions before
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  Speaker 1: before becoming the merchandizing chief by the year half ago,
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  Speaker 1: leaving the company in July and leaving the stock price
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  Speaker 1: a little bit lower. Today, Well, I'll just have a
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  Speaker 1: little bit about Fitbit because they are releasing their results
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  Speaker 1: as the market closes. Fitbit shares now down about four percent.
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  Speaker 1: Is coming after the company posted h first quarter revenue
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  Speaker 1: of five hundred and five million and they earnings per
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  Speaker 1: share of ten cents. They also raise their revenue and
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  Speaker 1: their profit guidance for the remainder of the year, the
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  Speaker 1: company saying that first quarter adjusted gross margins are more
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  Speaker 1: than forty six percent and that they see the fiscal
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  Speaker 1: year revenue being between two point five and two point
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  Speaker 1: six billion dollars. Right now, shares a Fitbit down about
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  Speaker 1: four percent. It is now time for the Volatility and
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  Speaker 1: Slash powerful outcomes vix vix closing up zero point five
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  Speaker 1: at sixteen point one today. Um it has increased even
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  Speaker 1: in the last two sessions. His in fact up over
• 10:10
  Speaker 1: the month of April. That was the biggest monthly game
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  Speaker 1: of sixteen. All right, Dave, you're up. H Hi, my
• 10:18
  Speaker 1: name is Dave. Just what do you think you're doing?
• 10:24
  Speaker 1: We're four, Dave, Dave Hey. Mr Wilson, tell us what
• 10:32
  Speaker 1: you see when you think of busted I p O S, well,
• 10:36
  Speaker 1: at least formerly busted I p O S. We're talking
• 10:38
  Speaker 1: about a company called Glocos, And if the name sounds
• 10:42
  Speaker 1: a bit familiar, it's a tie into Glaucoma because that's
• 10:47
  Speaker 1: what the company does, that make products and procedures for
• 10:49
  Speaker 1: treating the degenerative eye disease glaucoma. Glaucos went public last June.
• 10:55
  Speaker 1: It's listed under the ticker g k O S. The
• 10:58
  Speaker 1: initial public offerings made at eighteen dollars of share, several
• 11:01
  Speaker 1: as much as eight percent in its first two months
• 11:03
  Speaker 1: of trading. The game didn't last, and Glaucost became a
• 11:07
  Speaker 1: busted I p O in January by falling below its
• 11:10
  Speaker 1: initial price. Now, Glaucost escaped that status last month and
• 11:14
  Speaker 1: left it far behind. Today, after releasing first quarter results,
• 11:18
  Speaker 1: company posted an adjusted profit of three cents to share
• 11:22
  Speaker 1: rather than the loss that analysts expected. Sales beat the
• 11:25
  Speaker 1: average analystsestimate and the Bloomberg survey by twenty three percent,
• 11:28
  Speaker 1: and the company raised its full year revenue forecast. The
• 11:32
  Speaker 1: results sent Glaucost surging twenty four and a half percent
• 11:36
  Speaker 1: today's training. That was the biggest one day game for
• 11:38
  Speaker 1: the stock since its very first day of trading last year.
• 11:42
  Speaker 1: Thank you very much at Dave Wilson Bloomberg Stock's calmnesst.
• 11:45
  Speaker 1: I'll be watching the shares of craft Hinds. They are
• 11:48
  Speaker 1: reporting quarterly earnings of seventy three cents to share compared
• 11:53
  Speaker 1: to average analyst estimates of sixty one cents to share.
• 11:56
  Speaker 1: You're listening to taking Stock on Bloomberg Radio. Bloomber Taking
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