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: Um Global Business News twenty four hours a day at
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  Speaker 1: Bloomberg dot Com, So Radio plus mobilest and on your radio.
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  Speaker 1: This he's a Bloomberg Business Flash from Bloomberg World Handquarters.
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  Speaker 1: Sign Charlie Pellett. Stocks closed well off their session, lows
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  Speaker 1: Girl Scouts of USA by the way, ringing that closing
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  Speaker 1: bell sell off in drugmakers drag stocks lower, adjolt to
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  Speaker 1: markets that had been in a holding pattern before Friday's
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  Speaker 1: speech from fed share Janet yelling that may provide clues
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  Speaker 1: on when to expect higher borrowing costs. Stephen Casey is
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  Speaker 1: FX trader and senior market analyst at Cambridge Global Payments.
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  Speaker 1: He was interviewed today right here on taking Stock. I
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  Speaker 1: think um the comments over the weekend from by Chairman
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  Speaker 1: Stanley Fisher were a good indicator of what we might
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  Speaker 1: see from chairman Yelling on Friday. I think she's gonna
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  Speaker 1: do her best to keep September live. I personally don't
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  Speaker 1: think there's any chance they're gonna hype before the election.
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  Speaker 1: I think it's a fifty fifty shot at the December meeting.
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  Speaker 1: I think she's gonna want to be a little bit
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  Speaker 1: more optimistic, and I think she's gonna try to write
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  Speaker 1: the ship for the dollar. It's sold off quite a
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  Speaker 1: bit over the last six weeks or so, so it's
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  Speaker 1: got some room to recover um, and I'm optimistic that
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  Speaker 1: her comments will kind of kick it off. The ten
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  Speaker 1: year down three thirty seconds with the yield of one
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  Speaker 1: point five six percent. Gold down eighteen thirty to thirty
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  Speaker 1: three for gold, that is a drop of one point
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  Speaker 1: four percent. Crude oil West Texas Intermediate down two point
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  Speaker 1: eight percent, tumbling a dollar thirty three a barrel forty
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  Speaker 1: six seventy seven on w t I Brent down two percent.
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  Speaker 1: Natural gas up today by one percent, mileing down five
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  Speaker 1: and a half percent to lead the selling after provoking
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  Speaker 1: the ire of lawmakers who are demanding an explanation for
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  Speaker 1: a four percent increase in the price of a life
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  Speaker 1: saving allergy shot. New numbers from the National Association of
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  Speaker 1: Realtors shows sales of previously owned homes dropped more than
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  Speaker 1: forecast in July from the nine year high, restrained by
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  Speaker 1: limited choices for buyers. Median price of an existing home
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  Speaker 1: up five point three percent from to two hundred forty
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  Speaker 1: four thousand, one hundred dollars SMP down eleven seventy five,
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  Speaker 1: a drop of five tenths of one percent down. Industrials
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  Speaker 1: down sixty four, a drop of four tenths of one percent.
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  Speaker 1: Four oh two on Wall Street. Now, let's take a
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  Speaker 1: look at other news from around the world. On Bloomberg Radio, Charlie,
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  Speaker 1: thank you from the Bloomberg News Room. I'm Mark Crumpton.
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  Speaker 1: Prime Minister Matteo Rensey says the death toll from the
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  Speaker 1: earthquake that hits central Italy today has risen to one
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  Speaker 1: hundred twenty. He spoke after visiting rescue crews and survivors
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  Speaker 1: in the hard hit town of Mtrees. Renzy says the
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  Speaker 1: priority in the coming days will be rescuing any survivors.
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  Speaker 1: The United States has been monitoring an attack at the
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  Speaker 1: American University in Afghanistan today and says it remains in
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  Speaker 1: contact with Afghan forces on the scene. Based on the
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  Speaker 1: latest update that I have received, there's still forces on
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  Speaker 1: the ground, Afghan forces that are still clearing the university.
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  Speaker 1: But my understanding isn't the fighting has said at least
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  Speaker 1: the shooting has stopped. The White House Press Secretary Josh Ernest,
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  Speaker 1: one of Donald Trump's sons, is speaking out about his
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  Speaker 1: father's tax returns. Eric Trump tells CNBC that not much
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  Speaker 1: can be learned from tax returns. He says his father's
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  Speaker 1: returns are massive, and you would have a bunch of
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  Speaker 1: people who know nothing about taxes looking through them and
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  Speaker 1: making assumptions on things they know nothing about. Donald Trump
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  Speaker 1: has been criticized for not releasing his returns. Democrats say
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  Speaker 1: Trump's returns would reveal whether he was paying a fair
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  Speaker 1: amount in taxes. Michael Barr Bloomberg Radio. For the second
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  Speaker 1: year in a row, commuters who ride out of the
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  Speaker 1: Port Authority bus terminal on Fort Street may see a
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  Speaker 1: change in their trip home. Starting September three, the Port
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  Speaker 1: Authority says a dozen new Jersey transit routes will move
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  Speaker 1: to new departure gates for the evening commute. Global News
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  Speaker 1: twenty four hours a day, powered by more than twenty
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  Speaker 1: hundred journalists and analysts in more than one in twenty countries.
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  Speaker 1: I'm more Crumpton, this is Bloomberg, Charlie, and we thank
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  Speaker 1: you and again. Recapping stocks lower SMP five hundred indecks
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  Speaker 1: dropping eleven points to a decline of five tenths of one.
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  Speaker 1: I'm Charlie Pellaton, that's a Bloomberg business flash. Move around
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  Speaker 1: motion creates the motion. Move you move like they do.
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  Speaker 1: I've never seen anyone move that fast hard people. Let's
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  Speaker 1: move to get a purpose. That was called movers and shakers.
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  Speaker 1: It costs 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. Are movers and Shakers for
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  Speaker 1: a Wednesday, August the twenty fourth, taking a look at
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  Speaker 1: the members of the SMP five hundred just one hundred
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  Speaker 1: and six move higher, three hundred and ninety three decline
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  Speaker 1: and six are unchanged. Joining me Dave Wilson, Bloomberg Stocks
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  Speaker 1: Commas to begin our movers and Shakers. You know, within
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  Speaker 1: the past hour, there were a couple of decisions by
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  Speaker 1: a US regulatory panel that affected Teva Pharmaceutical. The panel
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  Speaker 1: invalidated two patents on the drug makers multiple sclerosis medicine
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  Speaker 1: kopact zone, and their schedule to roll on one other
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  Speaker 1: patent for the drugs forty milligram version by tomorrow. Now
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  Speaker 1: there's a lower dose version that is already facing generic competition.
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  Speaker 1: That said, US sales of Kopact Zone generated nine of
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  Speaker 1: Taba's revenue last quarter, so he's gonna understand the shares
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  Speaker 1: foul in response to this rolling UH, Taba with a
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  Speaker 1: loss of three percent in US training. And I'll also
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  Speaker 1: add there is a court case UH involving the patents
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  Speaker 1: as well, so this is one step in the process
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  Speaker 1: didn't go to have his way though. I'm just gonna
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  Speaker 1: tell you about HP, the seller of personal computers as
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  Speaker 1: well as printers. They reported third quarter profit that topped
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  Speaker 1: analyst estimates, helped by improving demand for laptops. The company
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  Speaker 1: reporting third quarter fiscal adjusted earnings of forty eight cents
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  Speaker 1: a share versus analysts estimates of forty five cents a share.
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  Speaker 1: UH sales fell three point eight percent to eleven point
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  Speaker 1: nine billion. That compares those two estimates of eleven and
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  Speaker 1: a half billion, So HP shares right now down one
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  Speaker 1: percent in after hours trading, and the HP reporting results
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  Speaker 1: that exceeded analysts estimates. Teba was just one of which
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  Speaker 1: you might call the specialty drug makers that fell in
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  Speaker 1: today's trading, and in fact it actually didn't end up
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  Speaker 1: falling as much as some of the others, and one
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  Speaker 1: of them Island drug makers shares dropped for fourth day
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  Speaker 1: as the US Senate broadened its examination of higher prices
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  Speaker 1: for the allergy shot Eppipen and Democratic presidential Kennedy Hillary
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  Speaker 1: Clinton said in the statement that my Lands price increases
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  Speaker 1: were outrageous and called for an immediate rollback. Investors surely
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  Speaker 1: rolling back my Land shares. They dropped five point four
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  Speaker 1: percent today. And I just mentioned Para Go down three
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  Speaker 1: point nine percent now, and Crowd down four point seven percent,
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  Speaker 1: and Endo International down six point six percent, all those
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  Speaker 1: stocks weighing on the s I'll tell you about the
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  Speaker 1: shares of Starbucks up about one and a quarter percent today.
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  Speaker 1: A report from Andrew Charles over at Cowen saying that
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  Speaker 1: he sees sales getting back on track after yesterday's investor
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  Speaker 1: visit at the Starbucks headquarters, saying that traffic re acceleration
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  Speaker 1: is likely, but they expect a slow rebuild. Also, as
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  Speaker 1: Stephen go Jack, research analysts for Cleveland Research, says that
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  Speaker 1: at the Starbucks comp sales in the United States held
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  Speaker 1: steady to improving slightly, and he says that Starbucks is
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  Speaker 1: focused on cold beverage sales likely contributed to improved momentum.
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  Speaker 1: Shares of Starbucks up one and a quarter percent. Let's
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  Speaker 1: take a look at Kroger supermarket chain. Now, they may
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  Speaker 1: be a top candidate to buy at least some of
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  Speaker 1: the stores that Right Aid and Walgreens Boots Aliones will
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  Speaker 1: have to sell to complete their red pending deal. That's
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  Speaker 1: according to the policy research firm Capital Form, citing a
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  Speaker 1: person familiar with the matter. Kroeger declined to comment. It
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  Speaker 1: shares though, up two point three percent on a day
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  Speaker 1: when right Aid fell two point four percent and Walgreens
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  Speaker 1: dropped one point one percent. How about Lazy Boy Shares
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  Speaker 1: of Lazy Boy I know you mentioned earlier today on
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  Speaker 1: the program day, Wilson Lazy Boys shares down more than
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  Speaker 1: twelve and a half percent. The company reported earnings and
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  Speaker 1: revenue that were below analysts forecast for the fiscal twenty
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  Speaker 1: seven team first quarter, and shares of the Monroe, Michigan
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  Speaker 1: based furniture company UH showing a major decline today, Lazy
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  Speaker 1: Boy down more than twelve and a half percent. I'll
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  Speaker 1: just mention garment really quickly. You might know them best
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  Speaker 1: for their personal navigation advices as they're described. They're also
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  Speaker 1: big in fitness trackers and they were lowered to sell
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  Speaker 1: from neutral at Goldman Sacks, largely because of a worsening
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  Speaker 1: outlook in the fitness business and garments shares falling five
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  Speaker 1: point seven percent in the wake of Golden's call. All right,
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  Speaker 1: it's time now for the Volatility Index report, of of course,
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  Speaker 1: com Slash Powerful Outcomes VIX. The VIX really powering higher today,
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  Speaker 1: up more than eleven and a half percent, up one
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  Speaker 1: point four eight, settling at thirteen point eight six. Nevertheless,
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  Speaker 1: readings below twenty are generally associated with periods of complacency
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  Speaker 1: in the market, market activity remaining muted, where's subdued? Ahead
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  Speaker 1: of tomorrow's Jackson Hole Symposium of the Federal Reserve. All right, 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? Things? We're going for the
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  Speaker 1: Dave Dave Hey. Mr Wilson tell us about a generic
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  Speaker 1: drug maker, Lynnette. Well, you know I mentioned all those
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  Speaker 1: declines among the drug stocks earlier. Lenette A definite exception
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  Speaker 1: to that role. Now, this is a company that's been
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  Speaker 1: publicly traded since nineteen sixty one. Listening to the ticket,
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  Speaker 1: l c I Lenette shares have involved old past three years,
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  Speaker 1: reflecting a takeover binge within the generics industry. They served
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  Speaker 1: more than six fold another thirty percent in twenty fourteen
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  Speaker 1: and peaked at the record seventy two hours and forty
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  Speaker 1: four cents in twenty team. Then the dealmaking dried up
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  Speaker 1: thanks to Valiant Pharmaceuticals and a few other companies, and
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  Speaker 1: Lenett's rally turned into a route. The shares plunged seventy
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  Speaker 1: seven percent in less than a year and hit bot
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  Speaker 1: HIM at a two and a half year low in March.
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  Speaker 1: Since then, Lenette stock has been recovering. The rebound accelerated
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  Speaker 1: today after the company reported fiscal fourth quarter results. They
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  Speaker 1: came out late yesterday. They showed earning surpass analysts have
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  Speaker 1: adjustment to Bloomberg Survey by the widest margin in three years.
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  Speaker 1: Revenue was also well ahead of projections. The results sent
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  Speaker 1: Lynette's surging as much as twenty four percent today. The
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  Speaker 1: shares closed with a gain of about fourteen percent, and
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  Speaker 1: that was good enough for the biggest advance since November.
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  Speaker 1: Thank you very much, David Wilson, Bloomberg stocks Commas go
• 11:47
  Speaker 1: ahead send him an email at d Wilson at Bloomberg
• 11:50
  Speaker 1: dot net. Sign up for his daily free email newsletter.
• 11:55
  Speaker 1: It will make you a smarter investor. I'm pim Fox
• 11:59
  Speaker 1: at This is Bloomberg. Bloomberg Taking Stock is brought to
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