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

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Bloomberg's Ciolli on Winners, Losers, Stock of the Day (Audio) · Bloomberg Intelligence

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  Speaker 1: Com Global business news twenty four hours a day. Yet
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  Speaker 1: your radio. This is a Bloomberg Business flash from Bloomberg
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  Speaker 1: World Headquarters. I'm Charlie Pellett, folks from inter Brand's breakthrough Brands,
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  Speaker 1: ringing that closing bell and as it sounds, we are
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  Speaker 1: awaiting the latest numbers out of Apple and Twitter. A
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  Speaker 1: higher close on the SMP five hundred index, up less
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  Speaker 1: than a point to sixty nine, but again on the
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  Speaker 1: less down industrials down eighteen points to eighteen thousand, four
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  Speaker 1: hundred seventy three and dropped there of point one percent.
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  Speaker 1: Naz Stack up twelve to fifty one ten, a gain
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  Speaker 1: of point two percent. Stocks spent much of the session
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  Speaker 1: fluctuating as housing data bolstered optimism in the economy and
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  Speaker 1: raise the possibility of the Federal Reserve may strike a
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  Speaker 1: more hawkish tone on interest rates after its two day
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  Speaker 1: policy meeting. Earnings from McDonald's and Caterpillar painted a little
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  Speaker 1: picture of the economy. McDonald shares down four point five percent,
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  Speaker 1: caterput her up five point two percent. An acquisition to
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  Speaker 1: tell you about analog devices is buying linear technology at
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  Speaker 1: a value of about sixty dollars a share. Consumer confidence
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  Speaker 1: a little changed in July, as Americans remain positive about
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  Speaker 1: the job market and the business environment. That's according to
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  Speaker 1: numbers from the Conference Board. Lynn Franco is, the Board's
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  Speaker 1: director of Economic Indicator. She was interviewed today right here
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  Speaker 1: on taking stock said sort of nothing gained, nothing lost,
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  Speaker 1: I think is the theme this month. We did see
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  Speaker 1: a little bit of an uptick in the present situation,
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  Speaker 1: so we know that the economy continues checking along and
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  Speaker 1: looking ahead. Consumers are cautiously optimistic, as they have been
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  Speaker 1: now for quite some time under Armour's second quarter profit
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  Speaker 1: fell fifty seven percent, hurt by the bankruptcy and liquidation
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  Speaker 1: of one of the largest sellers of its products. Sports
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  Speaker 1: Authority SMP five hundred index less than a point to
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  Speaker 1: sixty nine downd US reels down nineteen or drop there
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  Speaker 1: of point one percent, NAV stack up twelve, a gain
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  Speaker 1: of point two percent, Gold up forty cents thirteen nineteen
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  Speaker 1: the ounce and crude oil down thirty three cents forty
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  Speaker 1: two seventy at a barrel down eight tenths of one
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  Speaker 1: percent four oh two on Wall Street. Now, the other
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  Speaker 1: stories making news. Charlie, Thank you from the Bloomberg news room.
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  Speaker 1: I'm Mark Crompton. President Obama will speak at the Democratic
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  Speaker 1: National Convention tomorrow night. Bloomberg's Nathan Hager has more on
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  Speaker 1: the story. Will the President make a pitch for d
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  Speaker 1: C voting rights? It's something advocates have been waiting to hear,
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  Speaker 1: but mostly in vain over the last seven and a
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  Speaker 1: half years. The Washington Post reports President Obama has only
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  Speaker 1: spoken out once in favor of DC statehood. That was
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  Speaker 1: two years ago at a town hall event, when a
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  Speaker 1: DC resident asked him about it. But statehood is in
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  Speaker 1: the Democratic Party's platform for the first time in sixteen years,
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  Speaker 1: and that has delegates holding out hope the President will
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  Speaker 1: give it a mention when he takes the stage this week.
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  Speaker 1: Nathan Hagar Oomberg Radio Washington. Republican nominee Donald Trump addressed
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  Speaker 1: veterans at the National VIA W convention today in Charlotte,
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  Speaker 1: North Carolina. He accused Hillary Clinton of being lax on
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  Speaker 1: national security. We know how she takes care of the veterans.
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  Speaker 1: Just look at her invasion of Libya and her handling
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  Speaker 1: up Benghazi. A digester, Donald Trump's running mate Mike Pence
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  Speaker 1: also spoke to the Veterans Group, praising his home state's
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  Speaker 1: record when it comes to vets. Pence said Indiana has
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  Speaker 1: the second lowest unemployment rate for veterans in the nation.
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  Speaker 1: Police Commissioner Bill Bratton says the department has invested in
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  Speaker 1: new equipment to help protect officers who respond to an
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  Speaker 1: active shooter. Ratton says the money was allocated to the
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  Speaker 1: NYPD eighteen months ago, but the city's putting a high
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  Speaker 1: priority on getting the equipment to officers as soon as
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  Speaker 1: possible in the wake of shootings in Dallas and Baton.
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  Speaker 1: Rouge Global News twenty four hours a day, powered by
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  Speaker 1: more than twenty hundred journalists and analysts in more than
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  Speaker 1: one twenty countries. I'm Mark Crompton. This is Bloomberg, Charlie,
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  Speaker 1: and we thank you. And again we are awaiting the
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  Speaker 1: latest numbers from both Apple and Twitter. We did hear
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  Speaker 1: from ACAM I second quarter adjusted EPs sixty four cents,
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  Speaker 1: matching estimates of sixty four cents. I'm Charlie Pellett and
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  Speaker 1: that's a Bloomberg business flash. Move around most greate promotion
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  Speaker 1: at the elite move on, you move like they do
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  Speaker 1: I've never seen anyone move that fast. Card people's move
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  Speaker 1: like to get a purpose is 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 Movers and Shakers for Tuesday,
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  Speaker 1: July the twenty twenty is sixteen taking a look at
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  Speaker 1: the constituents of the SMP five hundred, three hundred and
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  Speaker 1: eleven issues advanced, one hundred and ninety two issues declined
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  Speaker 1: and to remain unchanged. Joining us in studio to begin
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  Speaker 1: our movers and shakers is Bloomberg News Stocks reporter Joe
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  Speaker 1: c o e Cho. Great to have you with us. Thanks. Uh.
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  Speaker 1: First off, we have analog devices. This is a semiconductor
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  Speaker 1: company that it was announced is in advanced talks to
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  Speaker 1: acquire linear technology. UH. Analogs up about four percent, and
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  Speaker 1: that was before it was halted on the news linear
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  Speaker 1: technology the target was up about before it was also halted.
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  Speaker 1: And um, and really this is a continuation of the
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  Speaker 1: record pace of semiconductor consolidation that we saw in two
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  Speaker 1: thousand fifteen and UM. Really what we're seeing is the
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  Speaker 1: semi conductors across the market being lifted. The Philadelphia Semiconductor
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  Speaker 1: Index upmost since January and also sitting at the highest
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  Speaker 1: level since October two thousand. Well, casino stocks, if you
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  Speaker 1: own some today, you might be pretty happy. After A
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  Speaker 1: billionaire and casino tycoon Sheldon Adelson said he's optimistic recreational
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  Speaker 1: gamblers and tourists are spurring a recovery in Macau's hard
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  Speaker 1: hit casinos industry. And this came as Las Vegas Sands,
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  Speaker 1: which where he is chairman, CEO and founder, reported mass
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  Speaker 1: market gaming revenue in this Chinese city that it was
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  Speaker 1: up in June for the first time in two years. Uh.
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  Speaker 1: We saw Las Vegas Sands closing up nearly six percent
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  Speaker 1: Win Macau. Uh the wind more broadly than Win resorts
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  Speaker 1: also about six percent Galaxy Entertainment. And of course, just
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  Speaker 1: a little bit of a note of caution, I guess
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  Speaker 1: because we've seen castino casino stocks rally in the past
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  Speaker 1: to retreat, but casino building boom going on right now.
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  Speaker 1: PAM is one of the reasons why people say this
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  Speaker 1: time it may be lasting. I'll tell you about the
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  Speaker 1: share is a Verizon down about two percent today. This
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  Speaker 1: comes after the largest US cell phone carry as profits
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  Speaker 1: were hurt by a series of costs. One was that
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  Speaker 1: seven weeks strike by around forty thousand employees that began
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  Speaker 1: in April, and it was one of the largest strikes
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  Speaker 1: by US workers in recent years. Of Verizons had to
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  Speaker 1: cut into profits from its wireline business. Revenue fell five
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  Speaker 1: percent once again, shares a Verizon down today two. Moving on,
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  Speaker 1: we have McDonald's uh it's down four point five percent today.
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  Speaker 1: That was its biggest single day loss since July of
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  Speaker 1: two thousand nine. What we saw was the company reporting
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  Speaker 1: same store sales UH sales growth that missed analysts estimates,
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  Speaker 1: which is stoking concerns that the US fast food industry
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  Speaker 1: is heading into a recession. We saw some other shares
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  Speaker 1: for other fast food companies. Darden Restaurants, Chipotle, Mexican Grill,
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  Speaker 1: and Young Brands all fell more than three percent on
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  Speaker 1: the day. We've seen some negative commentary from various Wall
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  Speaker 1: Street research analysts. Steve full Financials Paul Westra had raised
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  Speaker 1: Can Serrens previously that the restaurant sector is hitting a downturn.
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  Speaker 1: So McDonald's down four and a half percent. A tough
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  Speaker 1: day for under Armor. The share price at the close
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  Speaker 1: down more than five percent. Reported disappointing second quarter earnings
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  Speaker 1: today just one sense to share adjusted versus estimates of
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  Speaker 1: three cents share. They also announced today a move pm
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  Speaker 1: to reach a more mainstream audience by partnering with Coals
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  Speaker 1: will bring under Armers apparel to more than stores across
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  Speaker 1: the US starting in March of two. But looks like
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  Speaker 1: investors not cutting under Armer too much slack today. I
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  Speaker 1: just wanted to mention Exact Sciences now. Maybe not familiar
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  Speaker 1: with Exact Sciences. The symbol e x A s the
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  Speaker 1: stock up thirty percent today. Uh. This follows the release
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  Speaker 1: of strong second quarter financial's number of record number of
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  Speaker 1: completed colon cancer tests hit a record. Shares move higher.
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  Speaker 1: They completed fifty four thousand what they describe as colo
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  Speaker 1: guards s. These are tests that are alternatives to other
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  Speaker 1: colon cancer screening options. Once again, the shares of Exact
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  Speaker 1: Sciences higher by thirty percent today. Time now for the
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  Speaker 1: a powerful outcome today for the VIX, up point one
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  Speaker 1: nine points to thirteen point oh six. And if we
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  Speaker 1: step back though and look at what's been happening to
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  Speaker 1: the VIX lately, let's put this in perspective. After closing
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  Speaker 1: above twenty five just a month ago on June, the
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  Speaker 1: VIX closed below twelve this past week and marked the
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  Speaker 1: quickest decline from a twenty five plus reading down to
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  Speaker 1: a sub twelve reading on record, Doctor Doctor, a bad
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  Speaker 1: clay case of the blues at least for one stock.
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  Speaker 1: And here to tell us more Joe Ciolia, Bloomberg News,
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  Speaker 1: Sentene Corps. Wow, this is uh, well the health ensured.
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  Speaker 1: You're going to tell us a story. This is a
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  Speaker 1: bad deal for your owner of Sentien shares. Absolutely so.
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  Speaker 1: We saw Sentene down today about eight and a half percent.
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  Speaker 1: It was the biggest drop in the SMP five hundred
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  Speaker 1: and Um. What we're seeing is, uh, they actually had
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  Speaker 1: a really good earnings report today. They exceeded analyst estimates
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  Speaker 1: and they saw profit growth. However, the catch was they
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  Speaker 1: said they were setting aside at least three hundred million
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  Speaker 1: dollars to account for underperforming health plans in several states.
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  Speaker 1: And if you may recall, I can refresh your memory.
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  Speaker 1: They bought this company called health Net last year for
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  Speaker 1: about six point three billion dollars. And most of these territories,
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  Speaker 1: including California, Arizona, and Oregon that are underperforming are actually
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  Speaker 1: those that were included in that health Net deal. So
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  Speaker 1: it's sort of a buyer beware situation. You know, they
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  Speaker 1: forked over an awful lot of cash for UH for
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  Speaker 1: these assets and not now they're getting kind of hit
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  Speaker 1: on the way down there. They're seeing those underperforming and
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  Speaker 1: they're needing to, you know, allocate extra funds to maybe
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  Speaker 1: soften the blow of their underperformance. And um so what
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  Speaker 1: we've seen here is the company's year to date stock
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  Speaker 1: increase was it was at four coming into the day.
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  Speaker 1: Uh yeah, that's been you know, chopped down to about
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  Speaker 1: four and a half percent now, so that's lost about
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  Speaker 1: ten percent of it's UH of its um year to
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  Speaker 1: date gain, and so it's it's been a very very
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  Speaker 1: bad day for your owners of centeen UH down eight
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  Speaker 1: and a half percent. A bad day. Indeed, Thank you
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  Speaker 1: very much, so Jo Cla. We thank you. We're gonna
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  Speaker 1: be taking a look at Apples earnings. We're gonna preview them.
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  Speaker 1: Coming up with Angelo Zeno from SMP Global Market Intelligence.
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  Speaker 1: I'm Kathleen Hayes along with pim Fox. This is from
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