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: dot dot So. Radio plus Mobile is a Bloomberg Business
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  Speaker 1: bom Bloomberg World Headquarters, Signed Charlie Pellet. The DAL, the SMP,
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  Speaker 1: nez DAK all advancing today a record closed on the
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  Speaker 1: SMP five hundred index, up ten to eighty five, again
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  Speaker 1: there of five tenths of one percent. Also records today
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  Speaker 1: for the down Jones Industrial Average up one hundred and
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  Speaker 1: sixteen points to eighteen thousand, six hundred twelve, again there
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  Speaker 1: of six tenths of one percent. And this update brought
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  Speaker 1: to you by E t F Exchange sixteen b n
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  Speaker 1: y Melon's Annual et F Symposium September nine to the
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  Speaker 1: twenty one in Dana Point, California, a must attend for
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  Speaker 1: r I A s. Space is limited, so register now
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  Speaker 1: at b n y melon dot com slash e t
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  Speaker 1: f SO, The DAL, the SMP and NESDAC all closing
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  Speaker 1: at records first time since nine Q the Prince Music
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  Speaker 1: that the indexes have all risen together to records. SMP
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  Speaker 1: again up ten to our record five, a gain there
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  Speaker 1: of five tenths of one percent. One of today's stock
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  Speaker 1: standouts Macy's up seventeen point one percent of five dollars
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  Speaker 1: eighty three cents to thirty eight three. Oliver Chen covers
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  Speaker 1: retail for Coward and Company, and he was our guest
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  Speaker 1: moments ago right here on taking stock. There is a
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  Speaker 1: bit of a retail revolution because quite simply on the
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  Speaker 1: customers have been moving faster than retailers and what customers want,
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  Speaker 1: and the biggest problem is just getting people to walk
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  Speaker 1: into stores. There's so many distractions there. It's so much
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  Speaker 1: easier to shop online now, and people have stores in
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  Speaker 1: the problems of their hands. And at Macy's second quarter
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  Speaker 1: profit and revenue top to analysts estimates as new sales
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  Speaker 1: events drew shoppers. The tenure down twenty thirty seconds had
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  Speaker 1: yield one point five six percent. Oil also lifting equities
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  Speaker 1: to records today Crude oil West Texas Intermediate up four
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  Speaker 1: percent forty barrel on w t I, Gold down eight
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  Speaker 1: sixty ounce, down six tenths one percent four oh two
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  Speaker 1: on Wall Street. Now a look at the other stories
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  Speaker 1: making news, Charlie. Thank you from the Bloomberg newsroom. I'm
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  Speaker 1: Mark Crumpton. This news update is brought to you by
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  Speaker 1: Jaguar Manhattan visit Jaguar Manhattan today, where New York goes
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  Speaker 1: for luxury, conveniently located at fifty four and eleventh Avenue
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  Speaker 1: and online at Jaguar Manhattan dot com. Jaguar Manhattan is
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  Speaker 1: at your service. Hillary Clinton presented key aspects of her
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  Speaker 1: economic plan today during a speech in Warren, Michigan. She
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  Speaker 1: also addressed controversial trade deals. HI message to every worker
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  Speaker 1: in Michigan and across America is this, I'd will stop
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  Speaker 1: any trade deal that kills jobs or holds down wages,
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  Speaker 1: including the Trans Pacific Partnership. Donald Trump not letting up
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  Speaker 1: on his attacks against Mrs Clinton and President Obama. During
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  Speaker 1: a campaign appearance in Florida, Trump again linked the pared
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  Speaker 1: to the creation of Islamic states. Barack Obama and Hillary
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  Speaker 1: these are the founders, These are the founders of ass
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  Speaker 1: because of bad judgment. It looks like this year will
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  Speaker 1: be one of the busiest hurricane seasons in the Atlantic.
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  Speaker 1: According to the National Oceanic and Atmospheric Administration, the Atlantic
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  Speaker 1: will see the most storms that get a name, since
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  Speaker 1: forecasters say there will be up to seventeen named storms
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  Speaker 1: with winds of at least thirty nine miles an hour,
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  Speaker 1: as many as eight of those storms will become hurricanes.
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  Speaker 1: Four of those storms could pack destructive winds of at
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  Speaker 1: least one hundred eleven miles an hour, causing havoc for
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  Speaker 1: the Gulf region and Florida. Bloomberg's Michael Barr reporting global
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  Speaker 1: news twenty four hours a day, powered by more than
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  Speaker 1: twenty hundred journal an analyst in more than one twenty countries.
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  Speaker 1: I'm more Crumpton. This is Bloomberg, Charlie, and we thank you.
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  Speaker 1: And again we are awaiting the latest numbers out of Nordstrom.
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  Speaker 1: A record setting day for US equities, the TAL, the SMP,
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  Speaker 1: and NASDAC all climbing to records, SMP up ten to five,
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  Speaker 1: a gain of five tenths of one percent. I'm Charlie Pellett,
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  Speaker 1: and that's a Bloomberg business flash. Move around. Motion creates
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  Speaker 1: the motion. The elite t move like they do. I've
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  Speaker 1: never seen anyone move that. Back time, people's moved like
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  Speaker 1: to tread. A purpose that was called movers and shakers.
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  Speaker 1: They cost a little more. That name cracked me up.
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  Speaker 1: Bloomberg taking stock Movers and Shakers with Pim Fox and
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  Speaker 1: Kathleen As on Bloomberg Radio. Well a definitive thumbs up
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  Speaker 1: in the stock market today, movers and shakers going inside
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  Speaker 1: the SMP five hundred, three hundred eighty nine gainers, one
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  Speaker 1: hundred twelve losers, four closing unchanged are stocks that are
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  Speaker 1: Dave Wilson is back to kickoff movers and shakers. Well,
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  Speaker 1: we know the best performer in the SMP five hundred
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  Speaker 1: on the day was Macy's. And what Macy's had to
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  Speaker 1: say about its business and its plans to close stores,
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  Speaker 1: well it explains the worst performer in the SMP five
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  Speaker 1: hundred as well. And I'm referring there to General Growth
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  Speaker 1: Power Properties. There's a real estate investment trust that owns
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  Speaker 1: shopping centers. We know Macy's plans to close a hundred
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  Speaker 1: of their stores, roughly fourteen percent of their namesake chain.
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  Speaker 1: Beyond that, Macy's chief financial officer, Karena Hogan's sat on
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  Speaker 1: a conference call that the US is and I'm quoting
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  Speaker 1: here overstored, given evolving customer shopping habits. Another as we're
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  Speaker 1: doing our shopping online, whether it's Amazon dot Com or
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  Speaker 1: somewhere else. So you know that's all concerned for these
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  Speaker 1: reeds that own shopping centers and a number of them
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  Speaker 1: showed up on the list of the worst performers in
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  Speaker 1: the S and P five hundred. Today, General Growth Property
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  Speaker 1: is notable for having the biggest decline in the group,
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  Speaker 1: and that stocked down three and a half percent on
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  Speaker 1: the day. I'll tell you about the shares of Vista Outdoor. Now,
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  Speaker 1: you might not know the name of the company, but
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  Speaker 1: you do know some of the products that they make
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  Speaker 1: a bell, bicycle and motorcycle helmets. While the stock down
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  Speaker 1: six after reporting fiscal first quarter earnings per share of
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  Speaker 1: forty eight cents that missed by one cents. Revenue was
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  Speaker 1: also lower than estimates six thirty million. That was forty
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  Speaker 1: five million dollars less than analysts had estimated. Vista Outdoor
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  Speaker 1: also has brands such as Cattleback, the Water bottles and packs,
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  Speaker 1: plus a Bushnell binoculars and scopes, and as well as
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  Speaker 1: products for the hunting industry. The company did reaffirm its
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  Speaker 1: full year earnings per share guidance of between two dollars
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  Speaker 1: and sixty five and two dollars and eighty five cents. Nevertheless,
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  Speaker 1: the shares of Via Outdoor down more than Shake Shack.
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  Speaker 1: Who whatever have guessed that just a store a fast
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  Speaker 1: food restaurant basically with great burgers and shakes. Can't you
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  Speaker 1: find that everywhere? Well apparently not because shake Shack has
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  Speaker 1: been such a hit, but not today. The share price
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  Speaker 1: is down more than six percent at the close, thirty
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  Speaker 1: eight dollars and change. In fact, it's the biggest drop
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  Speaker 1: in five months after same store stales missed analysts estimates.
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  Speaker 1: So it's raising this question, maybe they're rapidly expanding burger
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  Speaker 1: chain isn't immune to a slump that's spreading through the
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  Speaker 1: fast food industry. Also interesting here, employee costs are weighing
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  Speaker 1: on profit of the chain, with labor expenses up thirty
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  Speaker 1: seven percent in the quarter, and in fact, their chief
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  Speaker 1: financial officer uh noted that what's going to be a
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  Speaker 1: big challenge for them is increasing their wage. They're waging
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  Speaker 1: were raising their hourly wage to twelve bucks in most
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  Speaker 1: major cities. He says, it is a big challenge and
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  Speaker 1: of course minimum wage broadly is going to hit a
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  Speaker 1: lot of restaurants. True enough, and interesting to have shake
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  Speaker 1: Shack come out along with Brinker International. This is a
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  Speaker 1: company that owns Chilis and a lot of other chains.
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  Speaker 1: Very different results for the stock though, and fiscal fourth
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  Speaker 1: quarter earnings and revenue beat estimates. Now, sales at Chili's
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  Speaker 1: fell less than analysts expected, at least at the locations
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  Speaker 1: open more than a year, though overall the comp sales
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  Speaker 1: as they're called for Brinker UH dropped a bit more
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  Speaker 1: than analysts looking for. Nonetheless, people definitely seeing the bright
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  Speaker 1: side in these results. Brinker International ticker eat E t
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  Speaker 1: up more than twelve percent. Biggest game in five years.
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  Speaker 1: I'm gonna tell you about the shares of a Shulman company.
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  Speaker 1: You may not be familiar with it well, with shares
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  Speaker 1: down twenty six percent today, the company warned that net
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  Speaker 1: income in sixteen will be lower than previously estimated due
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  Speaker 1: to what it describes as the reorating market conditions mainly
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  Speaker 1: facing the industry in the United States and Europe. Now,
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  Speaker 1: A Schulman makes polymer resins. They're used to provide color
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  Speaker 1: to plastic products such as appliances and toys. Plus they've
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  Speaker 1: got count compounds that can be found in molded products
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  Speaker 1: such as kayaks, gas tanks, as well as playground slides.
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  Speaker 1: Based in Akron, Ohio, A Schulman has fifty nine manufacturing facilities.
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  Speaker 1: Once again, shares of a Schulman down twenty six per cent.
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  Speaker 1: Al Right, it's time now for the Volatility Index report.
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  Speaker 1: bit more than three percent, lower by point three eight,
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  Speaker 1: settling at eleven point six seven. And according to an
• 9:51
  Speaker 1: EAT Advanced Survey of Advisors, volatility continues to be a
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  Speaker 1: top advisor concern, with volatility index trading at historically low levels.
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  Speaker 1: Why the divergence, Well, the VIX measures shorter term expectations,
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  Speaker 1: looking out just thirty days in the SMP. All right, Dave,
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  Speaker 1: you're up. Uh, my name is Dave. Just what do
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  Speaker 1: you think you're doing? Things? We're going for the bandown,
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  Speaker 1: will do Dave, Dave, Dave Mason Night International also getting
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  Speaker 1: wacked today. Just a bit. Now, let's take a step
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  Speaker 1: back for a second. If you're a publicly traded doormaker,
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  Speaker 1: then it stands to reason that your stock ticker ought
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  Speaker 1: to be door and that is indeed the case for
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  Speaker 1: Mason Night International, which produces interior entry and patio doors.
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  Speaker 1: Mason Night stock began trading over the counter in two
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  Speaker 1: thousand nine. Four years later, the company listed on the
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  Speaker 1: New York Stock Exchanged, and the shares have really done
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  Speaker 1: well since then. They set a record in August last
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  Speaker 1: year and came within fifty one cents of surpassing that
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  Speaker 1: mark on Monday. Today, though, was an other story. Mason
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  Speaker 1: I suffered a setback after posting second quarter results. While
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  Speaker 1: profit and revenue beating analysts average essmates in Bloomberg survey,
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  Speaker 1: the company came up short on EBA DA otherwise known
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  Speaker 1: as earnings before interest, taxes, depreciation and amorization, a gage
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  Speaker 1: of cash flow. There wasn't much room for any disappointment.
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  Speaker 1: Mason I had jumped as much as fifty eight percent
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  Speaker 1: from alone in February, and the stock had by ratings
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  Speaker 1: from eleven of the twelve analysts in the Bloomberg survey.
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  Speaker 1: The other one had sort of a hold rating. The
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  Speaker 1: results sent mason I to a loss of six point
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  Speaker 1: seven percent, and it was the stock's steepest drop in
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  Speaker 1: about eighteen months. Thank you very much, Dave Wilson, Bloomberg
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  Speaker 1: Stocks columnist. You're listening to Taking Stockholm pim Fox. My
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  Speaker 1: co host Kathleen Hayes coming up a look at the
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  Speaker 1: city that is hosting the Summer Olympics vision Ero. This
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  Speaker 1: is Bloomberg, Bloomber. Taking stock is brought to you by
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