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 Black Bom Bloomberg World Handquarters,
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  Speaker 1: Signed Charlie Pelota. Another record for the down Jones Industrial Average.
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  Speaker 1: six Sector e t F. Eighth day of gains on
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  Speaker 1: the down Jones Industrial Average, closing at the best level
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  Speaker 1: of the day, up twenty seven points, advancing one tenth
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  Speaker 1: of one percent to eighteen thousand, five hundred fifty nine.
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  Speaker 1: The SMP five hundred index did slip from a record
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  Speaker 1: following a mix of corporate earnings reports. Art Hogan is
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  Speaker 1: chief market strategist at wonder Legs Securities. He was interviewed
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  Speaker 1: moments ago right here on taking stock. The real attraction
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  Speaker 1: here is does the SMP five hundred look any any
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  Speaker 1: more attractive than you know putting your money in the
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  Speaker 1: US ten here in terms of what your ultimate yield is.
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  Speaker 1: And I think that's one of the biggest draws. I
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  Speaker 1: also think that the economic date of the second quarter
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  Speaker 1: certainly seems to be better than the first quarter, and
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  Speaker 1: certainly seems to be back in line with a two
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  Speaker 1: and a half percent GDP growth rate, which is probably
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  Speaker 1: going to be good enough and certainly better than a
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  Speaker 1: lot of of alternatives. And the tenure up eight thirty
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  Speaker 1: seconds the old on the tenure now one point five
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  Speaker 1: five gold up three forty ounce the thirteen thirty two
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  Speaker 1: a gain. There are three tents of one percent crude
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  Speaker 1: oil down sixty one cents of arrow forty four sixty
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  Speaker 1: three back below forty five dollars a barrel on West
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  Speaker 1: Texas Intermediate a barrel of crude down one point four
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  Speaker 1: percent oil by the way, closing up the lowest in
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  Speaker 1: more than two months. Former UBS Group trader Matthew Gardner
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  Speaker 1: banned from the banking industry by the Federal Reserve for
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  Speaker 1: manipulating currency benchmarks, and the International Monetary Fund today scrapped
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  Speaker 1: its forecast for a pickup in global growth this year,
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  Speaker 1: citing Britain's vote to leave your pen Union again, recapping
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  Speaker 1: down industrial is picking up twenty six points to a
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  Speaker 1: record eighteen thousand, five hundred fifty nine point one SMP
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  Speaker 1: five hundred in next down the three points a drop
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  Speaker 1: of point one four oh two on Wall Street. Now,
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  Speaker 1: let's take a look at other news from around the world.
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  Speaker 1: On Bloomberg Radio, Charlie, thank you from the Bloomberg news Room.
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  Speaker 1: I'm Mark Crumpton. After a roll call of delegates at
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  Speaker 1: the Republican National Convention tonight, Donald Trump will be the
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  Speaker 1: party's official nominee. His campaign chairman as Paul Manafort. He's
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  Speaker 1: excited about the fact that his quest will finally come
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  Speaker 1: to an end, and all of you who doubted that
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  Speaker 1: he could be nominated will no longer be able to
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  Speaker 1: say yes. But maybe it won't happen. It will have happened.
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  Speaker 1: Hillary Clinton is criticizing Indiana Governor Mike Pence, donald Trump's
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  Speaker 1: vice presidential pick. He's picked someone who stood for a
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  Speaker 1: law that would have legitimized blatant discrimination against the lgb
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  Speaker 1: T community. When he was in Congress, he was willing
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  Speaker 1: to shut down the government and an effort to try
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  Speaker 1: to defund Planned parenthood. Mrs Clinton made her comments during
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  Speaker 1: an interview with Charlie Roose. The location of the first
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  Speaker 1: presidential debate in September is moving from Ohio's Right State
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  Speaker 1: University to New York's Hofstra University. The Commission on Presidential
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  Speaker 1: Debates made the announcement earlier today after Right State dropped
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  Speaker 1: out signing security concerns. Hofstra also hosted a presidential debate
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  Speaker 1: in two thousand twelve. German investigators say the Afghan asylum
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  Speaker 1: seeker who went on a rampage aboard a train had
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  Speaker 1: gotten word a friend of his had died in Afghanistan
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  Speaker 1: in the days ahead of the attack. The seventeen year
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  Speaker 1: old is said to a vow to quote take revenge
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  Speaker 1: on these infidels in a note he wrote before carrying
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  Speaker 1: out the acts and knife attack. Five people were wounded
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  Speaker 1: before the team was killed by police. Global News twenty
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  Speaker 1: four hours a day, powered by more than twenty journalists
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  Speaker 1: and analysts in more than one countries. I'm More Crumpton,
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  Speaker 1: this is Bloomberg, Charlotte, and we thank you and again
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  Speaker 1: recapping the SMP five hundred index down three points to three,
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  Speaker 1: a drop of one tenth of one percent. Dow Industriels
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  Speaker 1: rise for an eighth straight session. I'm Charlie Pellaton. That's
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  Speaker 1: a Bloomberg Business Flash move around motion creates the motion
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  Speaker 1: at the elite time. Move you move like they do.
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  Speaker 1: I've never seen anyone move that back hard people. Let's
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  Speaker 1: move to get a purpose. That's called movers and shakers.
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  Speaker 1: It costs a little more about 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. Movers and Shape cares for Tuesday,
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  Speaker 1: July nineteen, twenty and sixteen. Two hundred issues are higher
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  Speaker 1: in the SMP five two hundred and nineties, seven decline
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  Speaker 1: and eight remained unchanged. Here to tell us more and
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  Speaker 1: kick off our movers and shakers is Dave Wilson, Bloomberg
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  Speaker 1: Stocks columnist. You know companies that become takeover targets a
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  Speaker 1: lot of times they're earnings sort of take a back
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  Speaker 1: seat to whatever the deal is. And I bring this
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  Speaker 1: up because we got results late yesterday from e m C,
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  Speaker 1: which is a takeover target for Dell now the data
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  Speaker 1: storage system makers second quarter earnings in revenue beat analysts
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  Speaker 1: average estimates in the Bloomberg survey. And then you also
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  Speaker 1: had results from e MC software unit vm Ware. They're
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  Speaker 1: quarterly profit and sales top projections, and the company raised
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  Speaker 1: its forecast for the full year. E m C had
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  Speaker 1: a gain of two point one percent in today's trading.
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  Speaker 1: Vm Ware was a real standout this stock gain nine
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  Speaker 1: point one percent, which was the biggest advance on the
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  Speaker 1: day and the Russell three thousand index of US stocks.
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  Speaker 1: I'm gonna tell you about Philip Morris International. Shares of
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  Speaker 1: Philip Morris International, the international tobacco and branded cigarettes company,
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  Speaker 1: shares down about three percent today. Pressure on margins. International
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  Speaker 1: net revenue may continue to decline. Second quarter earnings per
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  Speaker 1: share mis consensus by four percent, cigarettes shipment volume down
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  Speaker 1: nearly five percent, and operating margins narrowed versus forty two
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  Speaker 1: percent in the same quarter last year. Once again, shares
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  Speaker 1: of Philip Morris sometimes a dividend darling. It pays a
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  Speaker 1: dividend of four percent. Nevertheless, shares of Philip Marris down
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  Speaker 1: three percent. Let's stick with the takeover theme. Talk about
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  Speaker 1: F five Networks. About six weeks ago, Router has reported
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  Speaker 1: that the company had hired Golden Sacks to help the
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  Speaker 1: con sort through potential takeover offers. Well. Today, the New
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  Speaker 1: York Post reported that F five become a takeover target
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  Speaker 1: for the private equity firm Toma Bravo at least that
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  Speaker 1: they're very interested in making a deal on the tone
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  Speaker 1: of a Bravo has actually been involved in five transactions
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  Speaker 1: that since the beginning of June, including a three billion
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  Speaker 1: dollar deal to buy the software maker Click Technologies. Now,
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  Speaker 1: the report on F five started an unnamed technology banker
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  Speaker 1: and said tom A Bravo and F five declined to comment. Nonetheless,
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  Speaker 1: F five had the day's biggest game the S and
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  Speaker 1: P five hundred, the stock rising four point one percent. Well,
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  Speaker 1: the shares of Microsoft in regular trading UH down about
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  Speaker 1: one and a half percent. But we're gonna have to
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  Speaker 1: see what happens because they have just released their second
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  Speaker 1: quarter I beg your pardon their fourth quarter adjusted earnings
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  Speaker 1: per shaff sixty nine cents that exceeds consensus estimates of
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  Speaker 1: fifty eight cents. And they're also reporting a fourth quarter
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  Speaker 1: revenue of twenty two point six billion, and it is
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  Speaker 1: better than average annle assessments of twenty two point one
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  Speaker 1: four billion. Once again, during the irregular session, shares a
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  Speaker 1: Microsoft down one and a half percent. Will be watching
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  Speaker 1: the stock as it trades in after hours, right late trading,
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  Speaker 1: it's up a bit more than four percent. I wanted
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  Speaker 1: to mention W. W. Granger. This is an industrial distributor
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  Speaker 1: of the kind of company that you look at if
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  Speaker 1: you're trying to get a broader sense of how industry
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  Speaker 1: is doing. And the short answer is not so well.
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  Speaker 1: If you look at their second quarter results, earnings and
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  Speaker 1: sales trailed estimates and Granger cut the midpoint of its
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  Speaker 1: forecast rangers for the full year. And I should point
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  Speaker 1: out that their competitor Fastenal, which had results out last week,
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  Speaker 1: and they were also disappointing. Granger shares falling four eight
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  Speaker 1: percent on the day, one of the biggest losses in
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  Speaker 1: the SMP. Semparate Energy the shares down about a half
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  Speaker 1: a percent today. They lowered their buy back target in
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  Speaker 1: order to fund the Mexican pipeline project. They affirmed their
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  Speaker 1: twenty sixteen earnings per share forecasts. They say that they're
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  Speaker 1: going to be earning between four dollars and sixty and
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  Speaker 1: five dollars to share. The estimate was for four dollars
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  Speaker 1: and nine nine cents. They'll also be receiving some cash
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  Speaker 1: from the Alysso Canyon Insurance, and they say that they're
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  Speaker 1: going to be lowering that share buy back in order
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  Speaker 1: to fund that pipeline project. Once again, shares a semperate
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  Speaker 1: energy down a half a percent. I'll give you a
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  Speaker 1: quick overview Health Insurance. United health Group had earnings out
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  Speaker 1: uh they were well received in the end, shares up
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  Speaker 1: one point three percent. Second quarter results being estimates. Signa, Anthem,
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  Speaker 1: Humanity and Etna all lower person familior of the matter,
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  Speaker 1: telling us that US antitrust officials are poised to file
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  Speaker 1: lawsuits to block all these companies deals. Humanity took the
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  Speaker 1: biggest hit on the day, down almost four time. Now
• 9:40
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  Speaker 1: at cbo e dot com Slash Powerful Outcomes VIX. The
• 9:54
  Speaker 1: VIX declining once again. This is the fourth consecutive decline
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  Speaker 1: for the VIX and down zero point three percent, a
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  Speaker 1: drop of zero point zero four settling at twelve point
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  Speaker 1: four oh and comparing the VIX today with its position
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  Speaker 1: at the beginning of the year, it is down thirty. Alright, 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? We're going for the pandown, Dave,
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  Speaker 1: Dave Hey, Mr Wilson. I can guess what stock you're
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  Speaker 1: gonna talk about. Funny, guess that's your answer. Companies approaching
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  Speaker 1: the twentieth anniversary of its initial public offering. The powermaker
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  Speaker 1: and retailer went public in August. It's been a real
• 10:46
  Speaker 1: up and down stock the last ten years. Peaked in
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  Speaker 1: October two thousand seven, plummeted as much as eighty two,
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  Speaker 1: recoup most of that loss, and then retreated a new
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  Speaker 1: just last month, Guests traded at the lowest price since
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  Speaker 1: March two thousand nine, and the company has been trying
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  Speaker 1: to come back. The latest bid was set back today
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  Speaker 1: after Piper Jaffrey lowerd it's rating the equivalent of sell
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  Speaker 1: from neutral. Analyst Aaron Murphy wrote a report that the
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  Speaker 1: company's planned for turnaround faces growing risks in the next
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  Speaker 1: six to twelve months. She signed a potential drop in
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  Speaker 1: licensing income and price cuts, along with increases in store
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  Speaker 1: openings and inventory. The data compiled by Bloomberg shows Piper
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  Speaker 1: is now the only firm to recommend selling guests. Many
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  Speaker 1: investors did just that today as the stock lost seven
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  Speaker 1: point one percent. That was the biggest decline for guests
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  Speaker 1: since March and Paul and Maurice Marciano they own I
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  Speaker 1: believe more than twenty seven percent of the shares of
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  Speaker 1: guests g Yes. Thanks very much, Dave Wilson, Bloomberg stocks
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  Speaker 1: Commas sent him an email at d Wilson at Bloomberg
• 11:55
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