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

Transcript

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

• 0:03
  Speaker 1: Global business news twenty four hours a day's Bloomberg dot Com.
• 0:07
  Speaker 1: So the radio plus mobile on your radio. This he's
• 0:10
  Speaker 1: a Bloomberg business flash from Bloomberg World Handquarters. I'm Charlie Pellet,
• 0:15
  Speaker 1: Oil rally, stock surge folks from Big Lots ringing that
• 0:18
  Speaker 1: closing bell today in this update, if it is brought
• 0:21
  Speaker 1: to you by sector spider e t F S. Why
• 0:24
  Speaker 1: buy a single stock when you can invest in the
• 0:26
  Speaker 1: entire sector of visits Sector sp d r S dot
• 0:30
  Speaker 1: com or call one six six Sector et F stocks Advances,
• 0:36
  Speaker 1: Energy shares rallied along with crude prices. West Texas Intermediate
• 0:40
  Speaker 1: up four and a half percent, rallying two dollars of
• 0:43
  Speaker 1: barrel to forty six sixty six word of an OPEC agreement.
• 0:47
  Speaker 1: Equity Zignen ZAGS FED chair Janet Yellen said she sees
• 0:51
  Speaker 1: solid job growth and no fixed timetable for a rate rise.
• 0:55
  Speaker 1: Rich clarat Or is a global strategic advisor at PIMCO.
• 0:58
  Speaker 1: He was our guest today right here on taking stock.
• 1:01
  Speaker 1: I think the fencings that it's going to be hiking,
• 1:03
  Speaker 1: but obviously it will depend to some extent on the data.
• 1:06
  Speaker 1: And I should note that the recent data for the
• 1:08
  Speaker 1: UN has been coming in on the soft side. Most
• 1:11
  Speaker 1: folks a week or two ago thought the US GDP
• 1:13
  Speaker 1: and the third quarter would be north of three, and
• 1:16
  Speaker 1: we're we and others are marking down our view of
• 1:18
  Speaker 1: third quarter GDP probably to around two and a half
• 1:21
  Speaker 1: or so. And today's speaking before the House Financial Services
• 1:24
  Speaker 1: Committee fed share, Yellen said the current course of the
• 1:27
  Speaker 1: economy calls for a gradual increase in interest rates, something
• 1:31
  Speaker 1: that does not have a fixed timetable. Oil the big
• 1:34
  Speaker 1: story today. Stocks roses, energy shares rallied with crude prices
• 1:38
  Speaker 1: after OPEC was said to have agreed to cut production
• 1:41
  Speaker 1: for the first time in eight years. West Texas Intermediate
• 1:45
  Speaker 1: up four and a half percent, up two oh one
• 1:47
  Speaker 1: to forty sixty eight. Equities higher, sm P up eleven
• 1:50
  Speaker 1: to seventy one, a gain there of five tenths of
• 1:53
  Speaker 1: one percent. Nes stack up twelve to fifty three eighteen.
• 1:57
  Speaker 1: That's a gain of two tenths of one percent. Down
• 2:00
  Speaker 1: industrials up one oh nine, a gain of six tens
• 2:03
  Speaker 1: of one percent, and gold down four or forty beounced
• 2:06
  Speaker 1: to drop there are three tenths of one percent. The
• 2:08
  Speaker 1: thirteen twenty one the tenure down three thirty seconds, the
• 2:11
  Speaker 1: yield one point five seven percent four O two on
• 2:15
  Speaker 1: Wall Street. Now, let's take a look at other news
• 2:17
  Speaker 1: from around the world. Charlie, thank you from the Bloomberg
• 2:21
  Speaker 1: News room, I Mark Crompton. Secretary of State John Kerry
• 2:25
  Speaker 1: had a warning for Russia today regarding Syria. Bloomberg's Bob
• 2:29
  Speaker 1: Moon is following the story. The US is threatening to
• 2:32
  Speaker 1: cut off all contacts with Russia over the deteriorating situation
• 2:35
  Speaker 1: in Syria unless the Russian and Syrian bombardment of Aleppo ends,
• 2:39
  Speaker 1: the State Department says. Secretary of State Kerry voiced his
• 2:42
  Speaker 1: grave concern in a phone call with his Russian counterparts
• 2:45
  Speaker 1: Sergei Lavrov, and stress the burden remains on Russia to
• 2:48
  Speaker 1: stop the assault and allow humanitarian access to Aleppo and
• 2:51
  Speaker 1: other areas in need. Earlier, Pope Francis decried the Aleppo bombing,
• 2:55
  Speaker 1: saying those responsible for killing civilians will have to answer
• 2:58
  Speaker 1: to God. The UN says at least ninety six children
• 3:01
  Speaker 1: have been killed and hundreds injured since Friday, Bob Moon
• 3:04
  Speaker 1: Bloomberg Radio. Hillary Clinton has scored another high profile Republican endorsement,
• 3:09
  Speaker 1: this time from former Virginia Senator John Warner. Democratic vice
• 3:13
  Speaker 1: presidential nominee Tim Kane also says that Warner is an
• 3:17
  Speaker 1: example of a politician who's willing to work with others
• 3:20
  Speaker 1: regardless of party. John Warner is the example of how
• 3:26
  Speaker 1: it can be done and how it should be done.
• 3:28
  Speaker 1: Warner appeared with Kine and Alexandria Virginia. The US is
• 3:32
  Speaker 1: sending six hundred additional troops to help Iraq reclaim the
• 3:36
  Speaker 1: city of Mosul from Islamic State. Starting today, Google expresses
• 3:41
  Speaker 1: delivering select groceries and merchandise anywhere in the five boroughs.
• 3:45
  Speaker 1: Google hopes to expand the service nationwide by the end
• 3:49
  Speaker 1: of the year. It costs four ninety nine per order,
• 3:52
  Speaker 1: or nine dollars a year. Global News twenty four hours
• 3:56
  Speaker 1: a day, powered by more than twenty hundred journalists and
• 3:59
  Speaker 1: analysts in over one twenty countries. I'm more Crumpton, this
• 4:03
  Speaker 1: is Bloomberg, Charlie, and we thank you. And again recapping equities,
• 4:07
  Speaker 1: higher oil surges SMP up eleven again of five tenths
• 4:10
  Speaker 1: of one percent. West Texas in the media crewed up
• 4:13
  Speaker 1: two dollars of barrel sixty seven again, NARO four and
• 4:17
  Speaker 1: a half percent. I'm Charlie Palaton. That's a Bloomberg business slash.
• 4:21
  Speaker 1: Move around most great promotion, a dearly move on. You
• 4:28
  Speaker 1: move like they do. I've never seen anyone move that
• 4:30
  Speaker 1: back hard peop Let's move like you've got a purpose.
• 4:41
  Speaker 1: That was called movers and shakers. It costs a little
• 4:43
  Speaker 1: more and that name cracked me up. Bloomberg taking stocks
• 4:53
  Speaker 1: movers and shakers with pim Fox and Gantline's on Bloomberg Radio.
• 4:58
  Speaker 1: Take a look inside the sm P five hundred. You
• 5:01
  Speaker 1: can say that the movers to the upside had a
• 5:04
  Speaker 1: wide margin today three hundred thirty eight gainers, one hundred
• 5:08
  Speaker 1: sixty five losers. Only two companies had their stock price
• 5:11
  Speaker 1: closing unchanged. Dave wilson't our stocks that is back to
• 5:14
  Speaker 1: kickoff movers and shakers. Let's talk about a T and T.
• 5:17
  Speaker 1: You know, we've seen companies like a T and T
• 5:20
  Speaker 1: in the wireless business kind of pull back a bit lately,
• 5:24
  Speaker 1: concern about what it's going to cost them with Apple
• 5:27
  Speaker 1: coming out with the iPhone seven and seven plus, as
• 5:30
  Speaker 1: the companies compete for customers, and today the phone company
• 5:35
  Speaker 1: was cut to neutral from buy at ubs. They're lowering
• 5:39
  Speaker 1: their earnings estimates. And they're also figuring that increasing competition
• 5:43
  Speaker 1: is going to take a bite out of a T
• 5:45
  Speaker 1: and T s business. Now you put that all together,
• 5:48
  Speaker 1: and you saw the shares of A T and T
• 5:50
  Speaker 1: falling one and a half percent on the day. I'll
• 5:53
  Speaker 1: tell you about the shares a Proctor and Gamble ending
• 5:56
  Speaker 1: the day higher by a little bit more than one
• 5:58
  Speaker 1: per cent. A couple of pieces of news about Procter
• 6:00
  Speaker 1: and Gamble. Number one, Procter and Gamble today set a
• 6:03
  Speaker 1: final exchange ratio for their shareholders to swap shares of
• 6:07
  Speaker 1: Procter and Gamble for Cody now member. Cody had previously
• 6:10
  Speaker 1: agreed to buy forty one beauty brands from P and G.
• 6:14
  Speaker 1: That deal was the twelve and a half billion dollar deal.
• 6:16
  Speaker 1: In any case, this was the last time that people
• 6:19
  Speaker 1: get to decide what they want to do with their
• 6:21
  Speaker 1: Procter and Gamble shares. Also, the company is going to
• 6:25
  Speaker 1: invest two hundred millions to expand operations in Europe, and Cody,
• 6:28
  Speaker 1: of course replacing Diamond offshore in the SMP five hid.
• 6:32
  Speaker 1: So both stots move higher. Cody up one and a
• 6:35
  Speaker 1: half percent and Procter and Gamble gaining a little bit
• 6:37
  Speaker 1: more than one percent. It's official BlackBerry. Remember that Canadian
• 6:42
  Speaker 1: company that invented the smartphone, addicted legions of road warriors
• 6:45
  Speaker 1: to that Crackberry. Well, they've finally thrown in the towel.
• 6:48
  Speaker 1: They are is no longer going to make their iconic handsets,
• 6:51
  Speaker 1: which I still remember very fondly. But let's realize they
• 6:57
  Speaker 1: lost the bat a long time ago to Apple and Samsung.
• 7:00
  Speaker 1: They're handing over production of the phones to overseas partners
• 7:03
  Speaker 1: during their full attention to the more profitable and growing
• 7:05
  Speaker 1: software business, formalizing a move in the making. Sinse CEO
• 7:09
  Speaker 1: John Chen took over nearly three years ago, outsourced some
• 7:13
  Speaker 1: manufacturing to fox Con Technology Group. Uh. In fact, though,
• 7:18
  Speaker 1: if you really are still creating some kind of BlackBerry,
• 7:21
  Speaker 1: they say at the company, they've struck a license agreement
• 7:24
  Speaker 1: with an Indonesian company to make and distribute black Grate
• 7:27
  Speaker 1: branded devices. Maybe also some deals with Chinese and Indian manufacturers.
• 7:33
  Speaker 1: BlackBerry was up as much as nearly eight percent today.
• 7:35
  Speaker 1: It's closing today up five point seven percent. A good move,
• 7:39
  Speaker 1: Dave uh Stock didn't have a good move was National Beverage.
• 7:43
  Speaker 1: They make Lacroix Saltzer. There ticker is Fizz and the
• 7:47
  Speaker 1: stock kind of fizzed out after being targeted by an
• 7:50
  Speaker 1: activist short seller. Glaucus Research Group firm Center report the
• 7:54
  Speaker 1: National Beverage is a fatish stock. The company has accounting
• 7:58
  Speaker 1: issues and the share as may fall by two thirds
• 8:02
  Speaker 1: as things changed for the worst. You put that altogether
• 8:05
  Speaker 1: National Beverage down eight point two percent on the day.
• 8:09
  Speaker 1: All right, I'm gonna tell you about the airlines is
• 8:12
  Speaker 1: a l k okay with v A a OKA being
• 8:16
  Speaker 1: Alaska Air and v A being Virgin America. Both shares
• 8:20
  Speaker 1: move higher now we know that Virgin America and Alaska
• 8:24
  Speaker 1: Air moving towards an agreement to combine. But according to
• 8:28
  Speaker 1: an unidentified senior anti trust lawyer who represented airlines Emerges
• 8:32
  Speaker 1: in the past, the recent meeting between Virgin America and
• 8:35
  Speaker 1: Alaska Air and Department of Justice officials was constructive, not confrontational.
• 8:41
  Speaker 1: Alaska Air says that it's still optimistic the deal will
• 8:43
  Speaker 1: close by the end of the fourth quarter, and both
• 8:46
  Speaker 1: companies have extended the amount of time that they are
• 8:50
  Speaker 1: looking to review the deal. Shares of both the v
• 8:52
  Speaker 1: A Virgin Air up nine tens of a percent, and
• 8:55
  Speaker 1: shares of Alaska Air up three tens and percent. Just
• 9:00
  Speaker 1: a quick look the news on Nike yesterday continues to dispress.
• 9:03
  Speaker 1: His stock down only three point eight percent after the close. UH,
• 9:07
  Speaker 1: their future orders barely increasing in North America, renewing concerns
• 9:11
  Speaker 1: the competitors are hamstring in the companies once toward growth.
• 9:15
  Speaker 1: Our own Chen Gratzias, analysts for Bloomberg Intelligence, saying the
• 9:19
  Speaker 1: slowdown in North America is worse than expected. It's got
• 9:22
  Speaker 1: a trific chart if you want to look for it,
• 9:23
  Speaker 1: showing the down trend. Swoosh swoon. I love it, swoosh swoon.
• 9:28
  Speaker 1: Very good. All right, it's time now for the Volatility
• 9:31
  Speaker 1: Index Report. It's brought to you by the cbo E
• 9:33
  Speaker 1: cbo VIX Options and Futures. Volatility can be harnessed with
• 9:36
  Speaker 1: CBOA VIX Options and the Future c disclosures and learn
• 9:40
  Speaker 1: more at a cbo E dot com slash Powerful Outcomes vix.
• 9:46
  Speaker 1: UH the VIX dropping today down four down, zero point
• 9:50
  Speaker 1: six one, twelve point four nine on the close. It's
• 9:53
  Speaker 1: given up most of the game. It's accumulated since Tuesday morning. Alright,
• 9:59
  Speaker 1: day here, my name is Dave. Just think you're doing, Dave,
• 10:11
  Speaker 1: Dave Dillard, you know, Dave Wilson. A lot of department
• 10:16
  Speaker 1: starts are having a touch time. But they're looking good today,
• 10:19
  Speaker 1: Well they are today, I mean, but they've certainly struggled,
• 10:22
  Speaker 1: as have their peers, to compete with the likes of
• 10:24
  Speaker 1: Amazon dot Com. And let's put this in some context.
• 10:26
  Speaker 1: Shares the Dillard's list under the ticker dds. They've tumbled
• 10:29
  Speaker 1: as much as sixty two since April of last year,
• 10:33
  Speaker 1: when the stock set a record, and that retreat followed
• 10:35
  Speaker 1: a fifty sevenfold surge from a low November two thousand
• 10:38
  Speaker 1: and eight. Now Alice backed away from Dillard's even before
• 10:41
  Speaker 1: the shares fell. Data compob by Bloomberg shows the company
• 10:44
  Speaker 1: didn't have a single by rating from November until today.
• 10:51
  Speaker 1: The streak ended when Credit suitee raised Dillards the equivalent
• 10:53
  Speaker 1: of buy from neutral. The upgrade was based on the
• 10:56
  Speaker 1: company's prospects for cutting debt and buying backstock. Awards rose
• 11:00
  Speaker 1: as much as eight point six percent today in the
• 11:03
  Speaker 1: wake up, that call enclosed with a game of five
• 11:05
  Speaker 1: point three percent. I'll point out Credit Suite's also cut
• 11:08
  Speaker 1: its writing on Macy's the neutral from the equivalent of
• 11:10
  Speaker 1: by based on the challenges that the company is trying
• 11:13
  Speaker 1: to meet Right now, Macy's with a loss of one
• 11:15
  Speaker 1: point four percent one point four percent. Thank you very much,
• 11:19
  Speaker 1: Dave Wilson, Bloomberg Stocks, Thomas go ahead, send him an
• 11:22
  Speaker 1: email at d Wilson at Bloomberg dot net. Sign up
• 11:25
  Speaker 1: for his daily free email newsletter, and it will help
• 11:29
  Speaker 1: make you a smarter investor. Coming up on taking Stock,
• 11:33
  Speaker 1: shares of CBS hire today by more than four percent
• 11:37
  Speaker 1: and the shares of Viacom are up more than three percent.
• 11:41
  Speaker 1: We're gonna tell you why that's all. Coming up. We
• 11:43
  Speaker 1: are broadcasting live from the Bloomberg's Most Influential Summit at
• 11:48
  Speaker 1: our world headquarters here in New York. I'm Pim Fox
• 11:51
  Speaker 1: my co host Kathleen Hayes. This is taking Stock, and
• 11:54
  Speaker 1: this is Bloomberg. Bloomberg Taking Stock is brought to you
• 12:07
  Speaker 1: by Within Smith and Brown c P, a s auto
• 12:09
  Speaker 1: tax advisory services, helping you and your business to be
• 12:12
  Speaker 1: in a position of strength. Experience the WITHUM Way by
• 12:16
  Speaker 1: visiting withum dot com.