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

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  Speaker 1: Dot Com Global Business News twenty four hours a day.
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  Speaker 1: Bloomberg World Headquarters. I'm Charlie Pellic Gaines today for the
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  Speaker 1: DAL the SMPN that has that compositive index. No record
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  Speaker 1: a slowdown in manufacturing. Best By Sword after the electronics
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  Speaker 1: retailer reported earnings that beat analyst projections. Best Buy up
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  Speaker 1: today by nineteen point six percent. Now, what about the
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  Speaker 1: Federal Reserve and the U S stock market. Matt Mallie
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  Speaker 1: is equity strategist at Miller tay Back. He was interviewed
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  Speaker 1: moments ago right here on taking stock and everybody talks
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  Speaker 1: about how and rightfully so that the Fed doesn't want
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  Speaker 1: the stock market to uh get hit hard. I mean
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  Speaker 1: it is it is important part of the of the
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  Speaker 1: economy nowadays. If the stock markets at hard, it's going
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  Speaker 1: to have an impact on the economy. And you've seen
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  Speaker 1: it when it has been hit fairly hard, you know
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  Speaker 1: in the over down over temper Center more there's a
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  Speaker 1: kind of liquidity that would be the market. And we
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  Speaker 1: lower little change down sixty cents. The ouncet SMP five
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  Speaker 1: hundred index up four to six, a gain of two
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  Speaker 1: tenths of one percent. Down Industrial is up eighteen points
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  Speaker 1: as we recap up one tenth of one percent, as
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  Speaker 1: stack of fifteen a gain of three tenths of one percent.
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  Speaker 1: It is four o two on Wall Street. Now let's
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  Speaker 1: look at other stories making news. Charlie, thank you from
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  Speaker 1: the Bloomberg News Room. I'm Mark Crumpton. President Obama says
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  Speaker 1: the nation is heartbroken by the loss of life during
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  Speaker 1: the recent flooding in Louisiana, but speaking in vent and
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  Speaker 1: Rouge after touring the damage, the President said the region
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  Speaker 1: knows how to survive. I saw it when I visited
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  Speaker 1: displaced Louisiana's, Louisiana's when I came down here as a
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  Speaker 1: senator after Katrina. I saw it when I visited New
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  Speaker 1: Orleans for the tenth anniversary last year. I know how
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  Speaker 1: resilient the people Louisiana are, and I know that you
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  Speaker 1: will rebuild again. The flooding has left thirteen people dead.
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  Speaker 1: Airline misques, such as the computer glitches that grounded hundreds
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  Speaker 1: of thousands of passengers this summer, are now the biggest
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  Speaker 1: cause of flight delays in the US. Late arrivals triggered
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  Speaker 1: by mechanical breakdowns, a lack of flight crews, and other
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  Speaker 1: factors attributed to the airlines with the largest category of
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  Speaker 1: delay last year for just the second time and by
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  Speaker 1: the widest margin since the government began collecting such data
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  Speaker 1: in two thousand three. That according to the Federal Bureau
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  Speaker 1: of Transportation Statistics, one passenger advocacy group blames the Drive
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  Speaker 1: for Profits for eliminating any given the system, but Airlines
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  Speaker 1: for America, the Washington Trade Group, representing most of the
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  Speaker 1: large carriers, calendars that doesn't tell the whole story. It
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  Speaker 1: argues reducing the number of flights as ease congestion at
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  Speaker 1: the busiest airports. Bob Moon Bloomberg Radio. Police have released
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  Speaker 1: surveillance images of a couple who created a mini diplomatic
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  Speaker 1: incident after allegedly stealing electronics, clothes, and a case of
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  Speaker 1: vodka from the Indonesian consulate on the Upper east Side.
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  Speaker 1: Global Needs twenty four hours a day, powered by more
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  Speaker 1: than twenty six hundred journalists and analysts in more than
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  Speaker 1: one twenty countries. I'm More Crumpton, this is Bloomberg, Charlie,
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  Speaker 1: and we thank you, and again recapping stocks and the
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  Speaker 1: Tuesday session close to records, SMP advancing four points to
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  Speaker 1: eight six again today of two tenths of one percent.
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  Speaker 1: I'm Charlie Pellett, and that's a bloom Bread business. Flash
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  Speaker 1: move around, motion, create promotion, a move they do. I've
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  Speaker 1: never seen anyone move that back hard. People's move like
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  Speaker 1: to got a purpose that he's called movers and shakers.
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  Speaker 1: They cost a little more of that name, cracked me up.
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  Speaker 1: Bloomberg taking stock movers and Shakers with pimp Box and
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  Speaker 1: Kathleen As on Bloomberg Radio. All right, movers and Shakers
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  Speaker 1: for Tuesday, August the twenty three. Taking a look at
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  Speaker 1: the SNP five hundred, three hundred and twenty six issues
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  Speaker 1: moving higher, one hundred and seventy five are lower, and
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  Speaker 1: four are unchanged. Dave Wilson, Bloomberg Stocks Columnists, joins me
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  Speaker 1: now to begin our movers and shakers. Dave, But you
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  Speaker 1: know the old saying in advertising that with a name
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  Speaker 1: like Smuckers, it has to be good. Well, that didn't
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  Speaker 1: play out when it came to the latest earnings report
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  Speaker 1: from JM. Smucker Christ we're talking about the maker of
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  Speaker 1: peanut butter, jelly and a whole lot of other food items. Uh.
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  Speaker 1: They came out with results for their fiscal first quarter.
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  Speaker 1: Sales came up short of estimates, at least the analysts
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  Speaker 1: we survey it here at Bloomberg, and though earnings beat projections,
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  Speaker 1: Smucker left its full year profit forecast unchanged. We put
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  Speaker 1: that all together and JM Smucker. The ticker on this
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  Speaker 1: one s j M closed with a loss of eight
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  Speaker 1: point one percent, the biggest in the SNP five hundred
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  Speaker 1: and the are just for the stock in four and
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  Speaker 1: a half years. I'm gonna tell you about the stock
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  Speaker 1: of Clovis on Cology. Now. Clovis Oncology is based in Boulder, Colorado.
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  Speaker 1: The shares are higher by twenty seven percent today. Yes,
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  Speaker 1: this is all about biotechnology. The shares higher because the
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  Speaker 1: US Food and Drug Administration granted a faster review process
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  Speaker 1: for the company's experimental ovarian cancer drug, and the shares
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  Speaker 1: of Clovis Oncology certainly responded. The stock higher today by
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  Speaker 1: more than twenty seven percent. Well, here's a company might
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  Speaker 1: not have heard of. Tableau Software. The ticker on this
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  Speaker 1: one is Data. They do big data analysis. I'll tell
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  Speaker 1: you you may have heard of Amazon dot Com. They
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  Speaker 1: have a pretty big web services business. That's a substantial
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  Speaker 1: chunk of the company at this point, it's not just
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  Speaker 1: about online retailing and marketing official and Amazon Web Services
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  Speaker 1: whose named Adam Selipski uh is going to become the
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  Speaker 1: chief executive at Tableau Software. And that news, well, was
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  Speaker 1: well received because Tableau shares at a game of almost
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  Speaker 1: thirteen and a half percent in today's trading. Now, I
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  Speaker 1: know that you spoke earlier in the week about Daktronics
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  Speaker 1: first quarter earnings per share coming in and beating estimates.
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  Speaker 1: Sales also higher than estimates. Orders mainly because of commercial
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  Speaker 1: and international as well as high school park units all increasing.
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  Speaker 1: Now Daktronics shares today get this up more than nineteen
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  Speaker 1: per cent today. Electronics a winner. Dave Wilson. How about Square?
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  Speaker 1: That would be Jack Dorsey's online payment company, one of
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  Speaker 1: the companies he runs. Of course, he's also the chief
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  Speaker 1: executive of Twitter. Square raised two buy from Hold. It's
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  Speaker 1: deiful and that's the first rating change from that firm, Uh,
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  Speaker 1: since they began covering the company in December, you know,
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  Speaker 1: right after squares initial public offering. Uh. They're more confident
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  Speaker 1: about the outlook for squares growth and profitability, their competitive position,
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  Speaker 1: expansion into related products and services. Square shares in the
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  Speaker 1: way of that call rising four and just to uh
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  Speaker 1: fill you in, I beg your pardon. Daktronics I know
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  Speaker 1: about it, but many people won't it. This is the
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  Speaker 1: supplier of those electronic scoreboards and programmable displays. Um, I
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  Speaker 1: tell you about the shares of Apple advancing today, about
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  Speaker 1: the three tents of a percent. Uh. There is a
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  Speaker 1: report in the New York Post saying that Apple was
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  Speaker 1: recently in talks for a stake in Lift as part
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  Speaker 1: of a strategic partnership. No details about the size of
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  Speaker 1: the potential investment could be learned, and it is unclear
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  Speaker 1: if the talks are still on. Owing, but the shares
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  Speaker 1: of Apple, and we're all of course looking for the
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  Speaker 1: introduction of the new iPhone seven sometime in September. Shares
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  Speaker 1: of Apple up three tenths of a percent. Today, Apple
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  Speaker 1: closing at eight dollars and eighty five cents. I'll just
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  Speaker 1: mentioned my Land really briefly send a Judiciary Committee Chairman
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  Speaker 1: Charles Grassley sent a letter to the drug maker asking
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  Speaker 1: for an explanation of the substantial price increase for the
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  Speaker 1: algae shot EpiPen. How it's substantial, I mean data that
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  Speaker 1: we reviewed here at Bloomberg showed the cost of EpiPen
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  Speaker 1: rose more than fivefold after my Land acquired the drug
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  Speaker 1: in two thousand seven. So my Land getting some regulatory
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  Speaker 1: scrutiny and shares are down four point eight percent today.
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  Speaker 1: All right, it's time now for the Volatility Index Report.
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  Speaker 1: dot com slash Powerful Outcomes VIX. The VIX moving higher today,
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  Speaker 1: but well, just up about nine tenths of a percent,
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  Speaker 1: a gain of zero point one one, settling at twelve
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  Speaker 1: point three eight and the just a lettion of the
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  Speaker 1: complacency in the stock market is measured by the VIX
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  Speaker 1: is at historically low levels. Speculators betting on the VIX
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  Speaker 1: decline he outnumber those betting on an increase in volatility
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  Speaker 1: by the biggest margin in at least twelve years. All Right, Dave,
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  Speaker 1: you're up, Hi, My name is Dave. Just what do
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  Speaker 1: you think you're doing things? We're going for the prankown, Dave, Dave? Hey,
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  Speaker 1: Mr Wilson, why don't just slip into a shoe carnival?
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  Speaker 1: Why don't I? And I got to talk about Wayne Weaver.
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  Speaker 1: He may be best known as the original owner of
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  Speaker 1: the Nashville Football Leagues. Jacksonville Jaguars. We remade his money
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  Speaker 1: though in the shoe business. He bought the retail chain
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  Speaker 1: Shoe Carnival from nine West back at ninety eight and
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  Speaker 1: took the company public five years later. Day are compiled
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  Speaker 1: by Bloomberg show he's still low artist shareholder, with a
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  Speaker 1: twenty five and a half percent stay Shoot Carnival ticker
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  Speaker 1: s CVL. She hasn't been up and down the last
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  Speaker 1: couple of years. They peaked in January fourteen at twenty
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  Speaker 1: nine dollars and seventy five cents and in Ding twenty
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  Speaker 1: fifteen at thirty dollars. Today they approached the earlier highs
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  Speaker 1: with some help from SMP down Jones Indices, The index
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  Speaker 1: provider said late yesterday the Shoot Carnival will be added
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  Speaker 1: to SMP small Cap six hundred index at week's end
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  Speaker 1: company to replace a takeover target Stage and Form Sudicals.
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  Speaker 1: The change means small cap six hundred index funds have
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  Speaker 1: to own Shoot Carnival shares. The stocks move today indicates
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  Speaker 1: the buying is already underway. Shoot Carnival rose about eight
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  Speaker 1: percent its biggest game of the year in the stock
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  Speaker 1: peaked at twenty nine dollars and eighty five cents. Thank
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  Speaker 1: you very much, Shoot Carnival both. Dave Wilson, Bloomberg Stocks columnist.
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  Speaker 1: Sign up for his daily free email newsletter. Just send
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  Speaker 1: him an email at d Wilson at Bloomberg dot net.
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