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: This is a Bloomberg Business Flight Charm. Bloomberg World Headquarters.
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  Speaker 1: Son Charlie called a down day for the SNP, a
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  Speaker 1: down day for the Dow. An update for Nazdak Folks
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  Speaker 1: Broadcast stocks fluctuated after their strongest rally in almost three months.
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  Speaker 1: Mixed data today, offering little clarity on whether the economy
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  Speaker 1: is strengthening enough to withstand higher interest rates as early
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  Speaker 1: as next month. Right now, the SMP down half a
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  Speaker 1: point at the close to two thousand ninety, a drop
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  Speaker 1: there of less than point one percent. Down, Industrials down
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  Speaker 1: twenty four points, a drop of point one percent. Nez
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  Speaker 1: dak eked out again, up six points tote oh one
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  Speaker 1: an advanced there of point one percent. Gold down four dollars,
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  Speaker 1: the ounce to twelve nineteen, a drop of point three percent.
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  Speaker 1: The ten you're up ten thirty seconds. The deal there
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  Speaker 1: one point eight two percent. Sears holding shares up today
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  Speaker 1: by six and a half percent. It is considering options
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  Speaker 1: for It's Ken, Moore, Craftsman and die Hard brands as well.
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  Speaker 1: Was it Sears home Services repair business, signaling the retailer
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  Speaker 1: may sell more assets to stem widening losses. Lauren Coleman
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  Speaker 1: Lachner covers retail for bloom Brood News. She was interviewed
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  Speaker 1: today right here on taking stock. The stores sales are declining,
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  Speaker 1: sales UH same store sales, which is a measure that
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  Speaker 1: we look at since it met, you know, it's light,
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  Speaker 1: it's apples to apples. They've been declining. I think it's
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  Speaker 1: been every quarter but one since the come ease merged.
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  Speaker 1: So operationally, they've had a lot of problems and they've
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  Speaker 1: tried a lot of things, but nothing that they've tried
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  Speaker 1: is really managed to turn the business around. Abercrombie and
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  Speaker 1: Fitch plunged after first quarter sales trailed analyst estimates. Abercrombie
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  Speaker 1: down and now at four O two on Wall Street.
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  Speaker 1: Let's look at the other stories making news. Charlie, thank
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  Speaker 1: you from the Bloomberg News room. I'm Mark Crumpton. Republican
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  Speaker 1: presidential nominee Donald Trump is responding to remark that President
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  Speaker 1: Obama made at the G seven summit in Japan. The
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  Speaker 1: president said world leaders are rantled by Trump. At a
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  Speaker 1: press conference this afternoon in Bismarck, North Dakota, Trump responded,
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  Speaker 1: he's a president who's done horrible job. Everybody understands that
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  Speaker 1: he's a president who has allowed many of these countries
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  Speaker 1: to totally take advantage of him. Democratic presidential front runner
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  Speaker 1: Hillary Clinton calls Trump a union buster. During a campaign
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  Speaker 1: stop in Las Vegas. Mrs Clinton told the United Food
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  Speaker 1: and Commercial workers she cares about the issues important to them,
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  Speaker 1: raising them and I'm to comprehensive immigration reform to at
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  Speaker 1: last getting equal pay for women. Your fights are my high.
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  Speaker 1: The U. S. Coast Guard says two super Hornet jet
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  Speaker 1: fighters collided off the North Carolina coast. Four survivors were
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  Speaker 1: taken to hospitals. Officials say they suffered minor injuries but
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  Speaker 1: are unquote very high spirits. The collision happened about twenty
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  Speaker 1: five miles east of North Carolina's outer banks. The four
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  Speaker 1: crew members were plucked off a commercial fishing chip that
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  Speaker 1: pulled them out of the Atlantic. The head of New
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  Speaker 1: Jersey State Senate wants to move quickly on drumming up
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  Speaker 1: support for two new casinos near New York. Steve Sweeney
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  Speaker 1: says extra times needed to get voter approval in a
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  Speaker 1: November referendum. Governor Christie says plans for the casinos are
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  Speaker 1: on life support because of financial turmoil. In Atlantic City
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  Speaker 1: Global News twenty four hours a day, powered by our
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  Speaker 1: hundred journalists in more than one hundred fifty news zeros
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  Speaker 1: around the world. From the Bloomberg Newsroom, I'm more fronted,
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  Speaker 1: chart and we thank you and again. Recapping turned out
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  Speaker 1: to be a down day. Stocks did fluctuate from much
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  Speaker 1: of the session. The SMP down half a point down
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  Speaker 1: in dust reels fell twenty three points, a drop of
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  Speaker 1: point one percent. I'm Charlie Pellett. That's a Bloomberg business flash.
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  Speaker 1: Move around most and create some motion at the elite.
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  Speaker 1: Move on. You moved like they do. I've never seen
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  Speaker 1: anyone move that back hid People's moved up to get
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  Speaker 1: a purpose. That was called movers and shakers. It costs
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  Speaker 1: a little more. That name cracked me up. Bloomberg taking
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  Speaker 1: stock movers and shakers with Pim Fox and Kathleen As
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  Speaker 1: on Bloomberg Radio, moving and shaken in the stock market today,
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  Speaker 1: more down than up. We've got two hundred seventeen gainers,
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  Speaker 1: two eighty four losers within the SP five hundred four
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  Speaker 1: share prices closing unchanged our stocks. Dave Wilson is back.
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  Speaker 1: What's catching your ideas? Companies with dollar in their name,
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  Speaker 1: they're what what's catching my eye? Because we heard from
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  Speaker 1: Dollar Tree and Dollar General today fiscal first quarter results
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  Speaker 1: from both companies beating analysts average estimate in the Bloomberg
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  Speaker 1: survey coincidentally by the same amount eight cents of share
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  Speaker 1: and in percentage terms, biggest earnings relative to estimates since
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  Speaker 1: twenty eleven. So and beyond that, Dollar Tree raised their
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  Speaker 1: full year profit forecast, so they got the better of
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  Speaker 1: Dollar General today in the stock market. Dollar Tree actually
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  Speaker 1: the biggest gain UH in the S and P five
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  Speaker 1: hundred on a day, up almost thirteen percent. Dollar General,
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  Speaker 1: though no slaps with the four point six percent gain,
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  Speaker 1: fourth largest in S and Let me tell you about
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  Speaker 1: another retailer a day. This has to do with william Sonoma.
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  Speaker 1: The shares of william Sonoma higher by one and a
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  Speaker 1: half percent. The company reported results that exceeded analysts estimates
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  Speaker 1: for the first quarter, the company also saying that same
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  Speaker 1: store sales grew four and a half percent. West Elm,
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  Speaker 1: one of the divisions of william Sonoma, reporting a nincent
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  Speaker 1: same store sales increase, and the william Sonoma brand reported
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  Speaker 1: a three and a half percent same store sales increase.
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  Speaker 1: Once again, shares of Williams Sonoma up one and a
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  Speaker 1: half percent. I guess we're all kind of takeing a
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  Speaker 1: look at retailers and another discounter. I guess you could
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  Speaker 1: call Costco Wholesale Corporation. It shares up the most and
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  Speaker 1: more than six years, we've got Costco up about nearly
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  Speaker 1: three point six percent of the closed at n and
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  Speaker 1: sevente cents a share. And we've had bad news lately,
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  Speaker 1: haven't we. Macy's Best Buy other ones with downbeat forecast,
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  Speaker 1: but Costco today actually had it earnings topping analysts estimates,
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  Speaker 1: with net income up five and a half percent of
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  Speaker 1: five million dollars or a hundred giuse me a dollar
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  Speaker 1: twenty four cents a share, uh, not compares with an
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  Speaker 1: estimate of a buck twenty two. And Costco has been
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  Speaker 1: able to reign in expenses to cope with the sales
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  Speaker 1: slowed down at its stores, which has suffered from lower
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  Speaker 1: prices at their gasoline pumps. So that is significant. Uh.
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  Speaker 1: And also the company has been transitioning its members credit
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  Speaker 1: cards to Visa through City Group of American Express, and
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  Speaker 1: apparently analysts are concerned this could hurt membership or customers
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  Speaker 1: are unhappy with the transition, but Costco doing pretty good today.
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  Speaker 1: I gotta close the loop on US Foods Holding. This
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  Speaker 1: is the food distributor. They went public late yesterday, sold
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  Speaker 1: a billion dollars worth of stock first day of trading
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  Speaker 1: for the shares, and indeed they went up. And in fact,
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  Speaker 1: if you look at the most of the I p
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  Speaker 1: O s in the US this year, they are higher
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  Speaker 1: than their initial prices. And that was certainly the case
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  Speaker 1: today for US Foods, as the shares rose eight point
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  Speaker 1: three percent from their initial public offering price to close
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  Speaker 1: at twenty four dollars and nine cents. I'll tell you
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  Speaker 1: about the shares of Signet Jewelers, down about ten and
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  Speaker 1: a half percent today Signet Jewelers owns K as well
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  Speaker 1: as Zales, Jared and other chain of jewelry stores suffering
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  Speaker 1: a slowdown. Comp store sales increasing just two and a
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  Speaker 1: half percent last quarter, that missed the three and a
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  Speaker 1: half percent gain that was estimated by analysts, and the
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  Speaker 1: growth in the current period maybe even slower. The company said.
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  Speaker 1: The results are sent the stock tumbling, as I said,
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  Speaker 1: down more than ten and a half percent. Well, another
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  Speaker 1: nationwide retailer discount who doesn't know the name of Burlington's stores.
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  Speaker 1: That share price definitely seventy seven and a half percent
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  Speaker 1: at the close today, sixty dollars and change. A couple
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  Speaker 1: of things happened today. They beat at a very solid
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  Speaker 1: beat on their earnings report. They came in a fifty
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  Speaker 1: two cents to share. Uh, the earnings per share was
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  Speaker 1: expected around forty one excuse me for the eight cents
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  Speaker 1: for the quarter. It expects net sales to be up
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  Speaker 1: six point three to seven three percent for the second
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  Speaker 1: quarter of the year. Expects comparable store sales to increase
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  Speaker 1: two and a half to three and a half percent
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  Speaker 1: next quarter. B of a. In fact, after seeing this report,
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  Speaker 1: raised its price started on Burlington to seventy five dollars
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  Speaker 1: signing the beat and Compelling Valuation PIM. Thank you very much.
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  Speaker 1: All right, it's time now for the Volatility Index Report.
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  Speaker 1: Slash Powerful outcomes VIX. The VIX lower today down about
• 9:40
  Speaker 1: two cent, lower by point twenty seven, settling at thirteen
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  Speaker 1: point nine oh and h. According to black Rocks strategist
• 9:49
  Speaker 1: Russ Costa rich investors expect VIX volatility to rise to
• 9:53
  Speaker 1: about twenty but fall by by the fall, and that
• 9:57
  Speaker 1: this may actually understate the potential rise in volatility. All right, Dave,
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  Speaker 1: you're up? Uh hi, my name is Dave. Just what
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  Speaker 1: do you think you're doing today? We're going for a
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  Speaker 1: price down, Wilson, do Dave? Dave? You know, enterprise storage
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  Speaker 1: solutions have been so hot. Well, pure storage not so
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  Speaker 1: hot now Dave A busted I p O tell us
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  Speaker 1: what happened? Well? You know, Pure Storage is a seller
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  Speaker 1: of data storage systems built around memory chips rather than
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  Speaker 1: the more traditional hard drives. Does a company was founded
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  Speaker 1: in two thousand nine and went public last October, listed
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  Speaker 1: under the ticker p STG. Pure Storage made its uh
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  Speaker 1: initial public offering at seventeen dollars a share and fell
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  Speaker 1: five percent in its first day of trading, not rising
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  Speaker 1: like say u S Foods did today. While pure Storage
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  Speaker 1: rallied to T sixty within the next two weeks after
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  Speaker 1: its debut, the games didn't last. In December. Indeed, the
• 11:01
  Speaker 1: company became a busted I p O by falling below
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  Speaker 1: the initial price again. Today, pure Storage matched its record
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  Speaker 1: low of eleven dollars and five cents. After fiscal first
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  Speaker 1: quarter results proved disappointing. Companies operating loss widen to forty
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  Speaker 1: six percent of sales from the fourth quarters loss of
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  Speaker 1: twenty nine percent. Now, pure Storage is adjusted loss and
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  Speaker 1: revenue were in line with the analysts average estimates in
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  Speaker 1: the Bloomberg Everybody. Nonetheless, the stock fell almost fifteen and
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  Speaker 1: a half percent, and that was the biggest loss since
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  Speaker 1: trading began last October. Thank you very much, Dave Wilson,
• 11:39
  Speaker 1: Bloomberg Stocks commis go ahead. Send him an email at
• 11:42
  Speaker 1: d Wilson at Bloomberg dot net. Sign up for his
• 11:46
  Speaker 1: daily free email newsletter. It will make you a smarter investor.
• 11:49
  Speaker 1: And of course you can follow Dave Wilson on Twitter
• 11:53
  Speaker 1: at the one Dave you're listening to taking Stock. I'm
• 11:56
  Speaker 1: pim Fox, my co host Kathleen Hayes, and this is
• 11:59
  Speaker 1: Bloomberg Grade Yo. Yeah e d U Tech Education in Focus,
• 12:09
  Speaker 1: a startup coming up on Boomberg Radio. Varsity Tutors. How
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