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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. If Bloomberg
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  Speaker 1: got gone the radio plus mobiles at Blomberg bus from
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  Speaker 1: Bloomberg World Headquarters. I'm Catherine Powdery and as that closing
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  Speaker 1: bell sounds. The Dow Industrial averages up seventy five points
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  Speaker 1: four tens of a percent at seventeen thousand, seven hundred
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  Speaker 1: forty SMP five foundered up six and a half points
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  Speaker 1: a third of a percent to two thousand fifty seven.
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  Speaker 1: The NAZTAC is up nineteen points four tens of a
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  Speaker 1: percent at forty seven thirty six. Well Wall Street gained,
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  Speaker 1: narrowing this week's losses. The smallest job's advance in seven months,
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  Speaker 1: fuel speculation that the Federal Reserve will look to raise
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  Speaker 1: interest rates gradually. The Labor Department reported payrolls increased by
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  Speaker 1: one hundred sixty thousand and April. That's a smaller gain
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  Speaker 1: than economists anticipated. The mist was centered in areas such
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  Speaker 1: as retailing and construction. The jobless rate held study at
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  Speaker 1: five percent last month as a workforce shrank. Scott mather, as,
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  Speaker 1: a chief investment officer at Pimcoe, says today's jobs numbers
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  Speaker 1: should not derail the FEDS trajectory, not that disappointing, sort
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  Speaker 1: of on trend and uh, probably enough to just still
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  Speaker 1: keep the FED on track for one or two hikes
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  Speaker 1: this year. So I think that's what the markets sort
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  Speaker 1: of waking up to. It still hasn't priced in the
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  Speaker 1: probability of one or two hikes this year, but but
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  Speaker 1: we think it will move in that direction. Crude oil rose,
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  Speaker 1: narrowing its first weekly decline and more than a month.
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  Speaker 1: Oil sands disruptions in Canada and lower US output offset
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  Speaker 1: rising stockpiles and OPEC production. West Texas intermediate crude oil
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  Speaker 1: is up twenty seven cents of barrel at fifty nine,
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  Speaker 1: spout gold up eighteen dollars twenty cents anounce at twelve fifty,
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  Speaker 1: and the tenure treasury is down nine thirty seconds with
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  Speaker 1: the yield of one point seven seven percent. Among today's
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  Speaker 1: top business stories, Charter Communications has cleared its last federal
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  Speaker 1: hurdle to become the second largest cable company in the US.
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  Speaker 1: The fcc is approved Charters merger with Time Warner Cable.
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  Speaker 1: The development leaves approval from California as a final regulatory
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  Speaker 1: hurdle for the fifty five billion dollar deal. The enlarged
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  Speaker 1: charter would have about twenty four million total customers in
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  Speaker 1: four one states. Household borrowing rose and march at the
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  Speaker 1: fastest place since November two thousand one. A Federal Reserve
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  Speaker 1: report showed financing for automobiles picked up and consumers outstanding
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  Speaker 1: credit card debt sword. It's four oh two on Wall
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  Speaker 1: Street each time to get an update of some of
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  Speaker 1: the other stories we're following on Bloomberg Radio. Thank you,
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  Speaker 1: Catherine from the Bloomberg Newsroom. I'm a Lisa PARENTI. This
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  Speaker 1: is not a reality show. That's what President Obama said
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  Speaker 1: to reporters at the White House today about the current
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  Speaker 1: state of the presidential race. Mr Obama said being president
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  Speaker 1: is a serious job and quote not entertainment. The President
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  Speaker 1: said Republican voter should keep that in mind when deciding
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  Speaker 1: whether to vote for Donald Trump. He has a long
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  Speaker 1: record that needs to be examined. Um and I think
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  Speaker 1: it's important for us to take seriously the statements he's
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  Speaker 1: made in the past. At an event in Washington today
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  Speaker 1: sponsored by Politico, r n C chairman Ryan's Previous was
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  Speaker 1: asked about Donald Trump's behavior that's some find abrasive. Number One,
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  Speaker 1: I think there's work to do, and I think that
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  Speaker 1: there's work on tone to do. Um. I've been clear
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  Speaker 1: about that. How Speaker Paul Ryan, who yesterday said he
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  Speaker 1: was not ready to support Trump, will meet with the
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  Speaker 1: candidate Thursday. James Taylor and Richard Gear were among the
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  Speaker 1: celebrities on hand to help mark the one hundred twenty
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  Speaker 1: fifth anniversary of Carnegie Hall. The event included a concert
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  Speaker 1: featuring performances by Renee Fleming, violinist Itch Hawk Perlman, and
• 3:34
  Speaker 1: cellist Yo Yo Ma. Police are asking for the public's
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  Speaker 1: help and identifying the people who stole a statue from
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  Speaker 1: a Roman Catholic church in Brooklyn. The sacred Heart statue
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  Speaker 1: of Jesus was swiped from St. Peter and Paul Roman
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  Speaker 1: Catholic Church on South third Street last weekend. Police have
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  Speaker 1: released surveillance video of three suspects. Global News twenty four
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  Speaker 1: hours a day, powered by our twenty four hundred journalists
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  Speaker 1: in more than one hundred ft news bureaus around the world.
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  Speaker 1: From the Bloomberg News Room, I'm a Lisa PARENTI Catherine,
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  Speaker 1: thank you, and Bloomberg. Taking Stock is brought to you
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  Speaker 1: by Sectors Fighter E. T. S Why by a single
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  Speaker 1: stock when you can invest in the entire sector. Visit
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  Speaker 1: sector spd rs dot com or call one eight six
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  Speaker 1: six sector E t S and checking those benchmarks as
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  Speaker 1: they begin to settle. The Dow Industrial Average up eighty
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  Speaker 1: points to close out the week at seventeen thousand, seven
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  Speaker 1: hundred forty. S and P F foundered up six and
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  Speaker 1: a half points to two thousand fifty seven, then a
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  Speaker 1: stack up nineteen points to forty seven thirty six and
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  Speaker 1: calling a capital all. The private equity firm founded by
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  Speaker 1: billionaire Tom Barrick is apparently in talk to acquire commercial
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  Speaker 1: real estate manager north Star Asset Management Group. And that's
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  Speaker 1: according to people familiar with the matter. And that's the
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  Speaker 1: Bloomberg business flash blot up. The elite move on. You
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  Speaker 1: move like they do. I've never seen anyone move that fast.
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  Speaker 1: Fired people's move like out a purpose. Something's called movers
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  Speaker 1: and Shakers. They cost a little moment. That name cracked
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  Speaker 1: me up. Bloomberg taking stock Movers and Shakers with Bim
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  Speaker 1: Box and Kathleen as on Bloomberg Radio. Movers and Shakers
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  Speaker 1: for Friday made the six twenty six team taking a
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  Speaker 1: look at the S and P five hundred three hundred
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  Speaker 1: and thirty nine issues advanced today, one hundred and sixty
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  Speaker 1: three fall and three remain unchanged. Dave Wilson, Bloomberg Stocks
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  Speaker 1: Commas joins me now here in studio. Dave, let's begin
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  Speaker 1: with some winners and losers. Well, we'll start with the losers.
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  Speaker 1: I mentioned him earlier in the program PIM that declines
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  Speaker 1: bear repeating. We're talking about Endo International, the drugmaker, slashing
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  Speaker 1: this year's earnings forecast by about twenty three and reducing
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  Speaker 1: their full your revenue projection by eleven percent. Uh. These
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  Speaker 1: cuts largely because of price cutting in the generic drug industry.
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  Speaker 1: And Endo shares down thirty nine percent in today's trading,
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  Speaker 1: and that was the biggest drop for the stocks since
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  Speaker 1: two thousand two. And then you look at the list
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  Speaker 1: of biggest declines in the S and P five hundred,
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  Speaker 1: which was headed by Endoh, and you see Malon Crotts
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  Speaker 1: shares down seven point three percent, Para Go down four
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  Speaker 1: point eight percent, my Land down four point two percent,
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  Speaker 1: Alegant down four point one percent. And on top of that,
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  Speaker 1: you have some international drug makers traded here in the
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  Speaker 1: US that fell to have a pharmaceutical down six point
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  Speaker 1: seven percent. And Valiant Pharmaceuticals, which actually set up a
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  Speaker 1: committee to handle its drug pricing, which has definitely been
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  Speaker 1: a front and center issue for the company, down about
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  Speaker 1: thirteen and a half percent. All Right, I'm gonna talk
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  Speaker 1: about something a little bit perhaps less essential and drugs
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  Speaker 1: drug treatment. Activision Blizzard. I'm gonna talk about video games.
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  Speaker 1: Activision Blizzard higher today by about eight and a half percent.
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  Speaker 1: The company's first quarter adjusted revenue as well as earnings
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  Speaker 1: per share plus the second quarter guidance all exceeded analyst estimates.
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  Speaker 1: Why while they got a big boost from that acquisition
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  Speaker 1: they did of King Digital they make Candy Crush, and
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  Speaker 1: then also big wins for Call of Duty Black Ops three.
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  Speaker 1: High margin digital revenue rose forty eight percent year of
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  Speaker 1: a year to over seven hundred and ninety million dollars
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  Speaker 1: at accounts from at eighty eight percent of revenue in
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  Speaker 1: the quarter, and that was a growth rate also for
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  Speaker 1: in game content sales once again, Activision Blizzard up eight
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  Speaker 1: and a half percent, Dave, This has been an earning
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  Speaker 1: season to forget for Jack Dorsey because he's the chief
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  Speaker 1: executive of both Twitter and the online payment company score.
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  Speaker 1: Twitter's results aroout last week that the company's shares fell
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  Speaker 1: more than sixteen percent, and the wake of that report,
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  Speaker 1: well Squares numbers came out, the online payment company posting
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  Speaker 1: a wider first quarter loss in alison a Bloomberg survey,
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  Speaker 1: We're expected, expecting, and beyond that, Square said a financing
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  Speaker 1: program for small business customers is facing challenging credit market conditions,
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  Speaker 1: as the company described it, which basically means they haven't
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  Speaker 1: been able to sell on loans to other investors the
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  Speaker 1: way they had anticipated. And Square shares down almost twenty
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  Speaker 1: two percent in today's trading, biggest drop in a day
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  Speaker 1: for that stock since it started trading last November. Shares
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  Speaker 1: of Walgreen's Boots Alliance down two and a half percent today.
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  Speaker 1: This comes after kk R, which is the third largest
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  Speaker 1: holder of Walgreens Boots Alliance, said that is selling a
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  Speaker 1: twenty nine percent stake or a fifty million shares in
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  Speaker 1: a secondary offering via City Group. Once again, Shares of
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  Speaker 1: Walgreen's Boots Alliance down two and a half percent. Well,
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  Speaker 1: let me give you the bill Ackman round up really fast.
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  Speaker 1: One company he's invested in air products and chemicals agreed
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  Speaker 1: to sell its performance materials business to Advonic Industries for
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  Speaker 1: three point eight billion dollars. Shares of air products up
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  Speaker 1: nine tents a percent. Then again, actmen also betting against
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  Speaker 1: Herbal Life, the seller of nutritional supplements, and that company
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  Speaker 1: said they are in late stage talks with US regulators
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  Speaker 1: to resolve a probe and whether it's a pyramid scheme,
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  Speaker 1: which whereas Ackman has been talking about for some time.
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  Speaker 1: Herbal Life shares up nine point one percent, so a
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  Speaker 1: loss for acmen on that stock. It's time now for
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  Speaker 1: the Volatility Index report. It has brought to you by
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  Speaker 1: cbo E VIX Options and Futures. Volatility can be harnessed
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• 9:56
  Speaker 1: to VIX down today more than five and a half percent,
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  Speaker 1: shedding point nine three, settling at fourteen point nine nine. Well,
• 10:05
  Speaker 1: if you go back to July often you can see
• 10:09
  Speaker 1: that the volatility index formed a bullmarket cycle low at
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  Speaker 1: that point. Since then, it's been forming a series of
• 10:16
  Speaker 1: higher lows. Stock bulls perhaps better served that the VIX
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  Speaker 1: would actually break into an up end trend line to
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  Speaker 1: make a run at those fourteen cycle lows. Alright, Dave,
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  Speaker 1: you're out. 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: pranks down, will Dave Hey? Mr Wilson, go ahead, tell
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  Speaker 1: us about education results. That would be the Vry Education.
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  Speaker 1: You know, they're approaching the twenty five anniversary of their
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  Speaker 1: initial public offering. This is the company that owns the
• 10:54
  Speaker 1: Vry University, the Kellogg Graduate School, Management, and other for
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  Speaker 1: profit colleges. They went public in June and trade under
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  Speaker 1: the ticker DV divide pete to the record six years ago,
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  Speaker 1: and since then the shares have lost as much as
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  Speaker 1: seventy nine percent in the declining enrollment and growing regulatory scrutiny.
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  Speaker 1: Just yesterday they closed at an eleven year low. Now
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  Speaker 1: today it was a different story for Davry thanks to
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  Speaker 1: well received results. For the fiscal third quarter, earnings were
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  Speaker 1: seventy one cents to share, beating analysts average cestment in
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  Speaker 1: Bloomberg survey by nine cents. Revenue topped the average projection
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  Speaker 1: by the wise margin in more than two years, and
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  Speaker 1: as for the fourth quarter, DeVry predicted revenue would fall
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  Speaker 1: and costs would drop even more, which means the company
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  Speaker 1: comes out ahead. Put that all together and the result
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  Speaker 1: was the biggest rally and Devrise shares in three and
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  Speaker 1: a half years. They closed with a gain of twenty
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  Speaker 1: one Thank you very much, Dave Wilson, Bloomberg Stocks, Thomas
• 11:50
  Speaker 1: go ahead. Send him an email at d Wilson at
• 11:52
  Speaker 1: Bloomberg dot net. Sign up for his daily free email newsletter.
• 11:57
  Speaker 1: It will make you a smarter investor. This is Bloomberg
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