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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 Rush from Bloomberg World Hendquarters.
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  Speaker 1: Sim Charlie Pullott. Record closed for the Dow Jones Industrial
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  Speaker 1: Average and the SMP five hundred index. Spokes from Dunn
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  Speaker 1: and brad Street, ringing that closing bell positive earnings setting
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  Speaker 1: the tone for equity markets, pushing stocks to records. The
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  Speaker 1: dollar trading at a seven week highest. Speculation grows the
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  Speaker 1: US will raise interest rates this year. SMP five hundred
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  Speaker 1: Index up nine to seventy three, a gain of four
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  Speaker 1: tenths up one percent. Down industrials up there He's six
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  Speaker 1: points to eighteen thousand, five hundred ninety five, a gain
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  Speaker 1: of two tenths of one percent. The NANA stank compositive
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  Speaker 1: indecks up fifty three points to five thousand eighty nine,
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  Speaker 1: hired today by one point one percent. The tenure down
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  Speaker 1: eight thirty seconds at heel one point five eight percent.
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  Speaker 1: Gold down eighteen twenty to thirteen fourteen, a drop of
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  Speaker 1: one point four percent. Crude oil higher West Texas Intermediate
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  Speaker 1: of twenty nine cents of barrel forty ninety four a
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  Speaker 1: game there of seven tenths of one percent. Gordon Johnson
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  Speaker 1: is with Axiom Capital Management, and moments ago right here
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  Speaker 1: on taking stock, he warned of a moved lower for
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  Speaker 1: crude oil. It's the real issue I have with oil
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  Speaker 1: and why we think of a near term oil prices
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  Speaker 1: are gonna fall is because our worries lie with the
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  Speaker 1: products gasoline and diesel um. And if you look at
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  Speaker 1: the products, they're step to the gills across the world,
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  Speaker 1: the US, EU would and also Asia UM. So you
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  Speaker 1: know that is essentially demand for oil. And then from
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  Speaker 1: a supply perspective, we think OPEC is going to increase supply.
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  Speaker 1: And again West Texas intermediate crude now at forty four
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  Speaker 1: and ninety four apparrel advancing seven tents of one percent.
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  Speaker 1: Annheuser bush InBev has won US and he Trust approval
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  Speaker 1: for its takeover of s A Billa b Miller after
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  Speaker 1: the maker of Budweiser agreed to give up ownership with
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  Speaker 1: the Miller brand and open the door to greater competition
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  Speaker 1: from craft Beers and Deutsche Loftansa has cut its twenty
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  Speaker 1: sixteen profit forecast after terrorist attacks and economic uncertainty, SAT
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  Speaker 1: demand for European travel, recapping stocks, higher records for the SMPM,
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  Speaker 1: the now smp op nine to seventy three. And now
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  Speaker 1: let's take a look at the other stories making news. Charlie,
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  Speaker 1: thank you from the Bloomberg News Room. I Mark Crumpton,
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  Speaker 1: Donald Trump, and Mike Pence are in Cleveland, where Pence
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  Speaker 1: will speak at the Republican National Convention tonight. Trump's campaign
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  Speaker 1: manager Paul Manafort denies the nominee is fueling an angry
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  Speaker 1: tone at the convention. He says, the audience and voters
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  Speaker 1: are frustrated. There is an anger at among the delegates.
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  Speaker 1: Uh that is out there in America, where people are
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  Speaker 1: feeling frustrated by little, failed certain leadership, by the their
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  Speaker 1: difficult economic times, and by the their fear of living
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  Speaker 1: in their communities. Former presidential hopeful Ted Cruz will also
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  Speaker 1: make remarks this evening. It's unclear whether he will endorse Mr. Trump.
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  Speaker 1: The Hispanic Chamber of Commerce is backing Hillary Clinton. It's
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  Speaker 1: the first ever presidential endorsement in the organization's thirty eight
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  Speaker 1: year history. At a meeting of more than thirty foreign
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  Speaker 1: ministers today in Washington, U s. Secretary of State John
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  Speaker 1: Kerry announced that donor countries are pledging another round of
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  Speaker 1: humanitarian aid to Iraq. I'm pleased to announce that by
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  Speaker 1: securing more than two billion dollars of pledges that we
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  Speaker 1: know will be forthcoming, we have exceeded our expectations. Secretary
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  Speaker 1: Kerry said, Islamic state remains a threat. International art dealer
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  Speaker 1: Gojin Gallery will pay more than four million dollars in
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  Speaker 1: back sales taxes in New York State. State Attorney General
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  Speaker 1: Eric Schneiderman says the companies affiliates sold and shipped nearly
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  Speaker 1: forty million dollars of art without collecting or paying state
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  Speaker 1: in local taxes. Global News twenty four hours a day,
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  Speaker 1: powered by more than twenty d journalists and analysts in
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  Speaker 1: more than one hundred twenty countries. I'm more Crumpton, this
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  Speaker 1: is Bloomberg, Charlie, and we thank you. And just getting
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  Speaker 1: numbers now. From Intel's second quarter adjusted earnings per share
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  Speaker 1: fifty nine cents estimates, there were four fifty four cents. Again,
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  Speaker 1: recapping equities higher smp op nine to seventy three. Again,
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  Speaker 1: there are four 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 move you move like they do. I've never
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  Speaker 1: seen anyone move that back tired people. I moved like
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  Speaker 1: dread a purpose that he's called movers and shakers. They
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  Speaker 1: cost a little more. That name cracked me up. Bloomberg
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  Speaker 1: taking stock movers and Shakers with Pim Fox and Kathleen
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  Speaker 1: A on Bloomberg Radio Movers and Shakers for Wednesday to
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  Speaker 1: a lot of twenties. Sixteen out of the SMP five hundred,
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  Speaker 1: three hundred and fourties, six issues move higher, one hundred
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  Speaker 1: and fifty six decline, and three remain unchanged. Dave Wilson,
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  Speaker 1: Bloomberg Stocks Commas joins me now to begin our movers
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  Speaker 1: and shakers. Dave, Yeah, let's start out with human of
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  Speaker 1: him because the health insurers would be buyer. ETNA said
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  Speaker 1: it's ready to go to court if necessary to complete
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  Speaker 1: the thirty seven billion dollar deal, and it may well
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  Speaker 1: be necessary. We reported yesterday that the proposed purchase faces
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  Speaker 1: a US anti trust lawsuit, and so does potentially at
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  Speaker 1: least Anthem's plan takeover of Signa. So when you put
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  Speaker 1: that all together, you've got HUMANAG shares of three point
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  Speaker 1: three percent in today's trading, and EDNA higher as well
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  Speaker 1: with the gain of one point two percent. We're gonna
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  Speaker 1: be giving more information about Intel coming up once again.
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  Speaker 1: Second quarter adjusted earnings per share fifty nine cents. It's
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  Speaker 1: the estimate average an assessment from Bloomberg fifty four cents.
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  Speaker 1: We'll be watching Intel shares in the after hours of market.
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  Speaker 1: I wanted to talk a little bit about Kellogg. The
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  Speaker 1: shares a Kellogg down about five and a half percent today. Um,
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  Speaker 1: they did say that there is no truth to no
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  Speaker 1: truth to any speculation about a Craft deal. But the
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  Speaker 1: Kellogg shares down the most this year, outpacing the losses
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  Speaker 1: in the industry sector and UH while taking a look
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  Speaker 1: at trading volume more than quadruple the average for Kellogg.
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  Speaker 1: In addition to the falling stock price, relative strength index
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  Speaker 1: above seventy, indicating that it might be overbought once again,
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  Speaker 1: net debt. Taking a look at some key highlights from
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  Speaker 1: the Kellogg three times earnings before interest, taxes and depreciation,
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  Speaker 1: and once again, shares of Kellogg down five and a
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  Speaker 1: half percent today. Well, we have numbers out of American Express,
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  Speaker 1: you know the earnings looked okay, two hours and ten
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  Speaker 1: cents to ship there for the second quarter, beating the
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  Speaker 1: average estimate of a dollar ninety seven revenue, though not
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  Speaker 1: looking so great eight point to four billion dollars their
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  Speaker 1: average estimate of eight point four six billion. Looking at
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  Speaker 1: American Express in late trading in the wake of those results, Uh, well,
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  Speaker 1: we're still waiting to see much of a reaction, at
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  Speaker 1: least for the moment. All right, let me tell you
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  Speaker 1: about the reaction at Campbell's soup shares. They are down
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  Speaker 1: more than three percent today. Campbell Soup forecasting at sixteen
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  Speaker 1: sales will decline between one and two percent. They had
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  Speaker 1: previously said that sales would be down one percent to unchanged.
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  Speaker 1: They did reaffirm their annual guidance earnings per share between
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  Speaker 1: two ninety three and three dollars. The estimate was for
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  Speaker 1: two dollars and cents. And they're looking for additional cost
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  Speaker 1: savings and they say that they will have between two
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  Speaker 1: hundred and five and two hundred million dollars and cost savings.
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  Speaker 1: All that not enough to move the stock higher. Shares
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  Speaker 1: a Campbell Soup or by three percent. Well, twenty first
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  Speaker 1: century Fox is one of those companies that has two
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  Speaker 1: classes of shares in the S and P five and
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  Speaker 1: both of them went down. Today. Fox News chairman Roger
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  Speaker 1: rails and talks to leave the network. According to The
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  Speaker 1: New York Times, the discussions follow up filing of a
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  Speaker 1: sexual harassment lawsuit two weeks ago by former anchor Gretchen Carlson.
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  Speaker 1: And when you look at twenty first century Fox, you
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  Speaker 1: see Class A shares of that company UH down two
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  Speaker 1: point seven percent, and those shares don't carry voting rights.
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  Speaker 1: The Class B shares that do well, they fell UH
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  Speaker 1: two point three percent on the day. Haliburton stock down
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  Speaker 1: one and a half percent. Haliburton cutting about five thousand
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  Speaker 1: jobs in the second quarter. It's trying to position itself
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  Speaker 1: for a recovery in North America for the second half
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  Speaker 1: of the year. This is the world's largest provider of
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  Speaker 1: hydraulic fracking equipment. It reported a loss of three point
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  Speaker 1: two one billion dollars or three dollars and seventy three
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  Speaker 1: cents a share air once again. Shares of Haliburton down
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  Speaker 1: one and a half percent. Alright, it's time now for
• 9:06
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  Speaker 1: again today, down nearly two percent, down one point nine percent,
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  Speaker 1: a drop of zero point two three, settling at eleven
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  Speaker 1: point seven four. This is the sixth consecutive decline for
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  Speaker 1: the VIX, and it is currently trading at a significant
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  Speaker 1: discount to its historical average. All right, Dave, you're my
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  Speaker 1: name is Dave. Just what do you think you're doing.
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  Speaker 1: We're going for a price down, Dave. Hey, Mr Wilson
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  Speaker 1: tell us about a science and engineering firm based in
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  Speaker 1: Menlo Park, California called Exponent. Okay, let's start out with
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  Speaker 1: a little description of mathematics and exponents shows how many
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  Speaker 1: times to multiplay a specified value in an equation when
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  Speaker 1: you're you know, squaring it or cubing it or whatever.
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  Speaker 1: An Exponent is indeed the name of a consulting firm
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  Speaker 1: specializing in science and engineering, and the company's logo shows
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  Speaker 1: the letter X as you guessed it an exponent. Exponent
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  Speaker 1: has been publicly trance companies, Tickers, Expo, the first four
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  Speaker 1: letters of its name. It shares rose in sixteen of
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  Speaker 1: the past seventeen years and serves as much as thirty
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  Speaker 1: nine fold along the way. The exception was two thousand nine,
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  Speaker 1: when the stock slid seven and a half percent. Now
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  Speaker 1: whether Exponent can rise again this year is now in doubt.
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  Speaker 1: Second quarter results proved disappointing. Earnings trailed analysts average estmate
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  Speaker 1: in the Bloomberg survey for the first time since twelve,
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  Speaker 1: and sales were lower than projections. Exponents cited the oil
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  Speaker 1: and gas, chemical and auto industries of as areas of
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  Speaker 1: weakness in the latest order, and the company also cut
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  Speaker 1: forecasts for the year uh In response, Exponent shares tumbled
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  Speaker 1: as much as twenty three percent in today's trading. They
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  Speaker 1: closed with a loss of eleven percent, the biggest since
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  Speaker 1: December two thousand eight. Dave Wilson, Thank you very much,
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  Speaker 1: Bloomberg Stocks commis go ahead. Send Dave an email at
• 11:22
  Speaker 1: d Wilson at Bloomberg dot net and sign up for
• 11:26
  Speaker 1: his daily free email newsletter. It will make you a
• 11:29
  Speaker 1: smarter investor. You can also follow Dave on Twitter at
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  Speaker 1: the one Dave Shares of Intel right now down a
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  Speaker 1: little bit more than one percent and after hours trading.
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  Speaker 1: This despite reporting second quarter adjusted earnings for share of
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  Speaker 1: fifty nine cents. Estimate was for fifty four cents. That
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  Speaker 1: the company sees restructuring charges up more than four hundred
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  Speaker 1: million from their prior view. They'll be taking the charge
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  Speaker 1: of one point six billion dollars. We've got more on
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  Speaker 1: Intel and Qualcom. Next whom we're taking stock is brought
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