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: Glomberg Business News twenty four hours a day. If Bloomberg
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  Speaker 1: This is a Bloomberg Business flag from Bloomberg World Headquarters.
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  Speaker 1: I'm Charlie Pelotondal the SMP NASDAC all Laura's We wrap
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  Speaker 1: up trading on this Thursday, May sixteen. This update brought
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  Speaker 1: Visit Sector sp d r s dot com or call
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  Speaker 1: on six Sector e t F two month low Now
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  Speaker 1: for the SMP five hundred index amid concerned that a
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  Speaker 1: Federal Reserve interest rate increases early as next month could
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  Speaker 1: further burden a struggling global economy. The tenure up one
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  Speaker 1: thirty second, the yield there one point eight four percent.
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  Speaker 1: Equities lawer the SMP five hundred index down seventh two thousand,
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  Speaker 1: thirty nine, a drop of four tenths of one percent.
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  Speaker 1: Nastack down twenty six points, the drop of six tenths
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  Speaker 1: of percent. The Dow Jones Industrial Average fell ninety one points,
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  Speaker 1: a drop there of five tenths of one percent. Gold
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  Speaker 1: down nineteen dollars an ounce to twelve fifty five, a
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  Speaker 1: drop of one and a half percent. Crude oil lower
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  Speaker 1: little change, down four cents, down point one percent, Crude
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  Speaker 1: at forty eight dollars fifteen cents talking about West Texas
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  Speaker 1: Intermedia crude. Big day for Walmart, up nine point six
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  Speaker 1: percent after its first quarter results beat analysts estimates. Scott
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  Speaker 1: Mushkin is senior retail analysts at Wolf Research. He was
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  Speaker 1: our guest this afternoon right here on taking stock. It's
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  Speaker 1: been a dreadful a couple of weeks in retail land.
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  Speaker 1: Most companies have had significant earnings misses um and so
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  Speaker 1: I think the idea that you have a company here
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  Speaker 1: that's doing okay now, earnings were still down here over here,
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  Speaker 1: they were just down less than people anticipated. So so
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  Speaker 1: I think that that's good. Airline and aerospace stocks fell
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  Speaker 1: on concern today that Americans may be reluctant to travel
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  Speaker 1: to Europe following the crash of that egypt Air jetliner
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  Speaker 1: during a flight from Paris to Cairo. Bowing declined the
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  Speaker 1: second most among members of the down Jones Industrial Average.
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  Speaker 1: Bowing today down two point two percent again, the SMP
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  Speaker 1: down seven, 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. Charlie, thank
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  Speaker 1: you from the Bloomberg News room. I'm Mark Crumpton. A
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  Speaker 1: massive search is underway for an egypt Air flight that's
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  Speaker 1: resumed to have crashed in the Mediterranean Sea. The White
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  Speaker 1: House is offering condolences to the families of the victims.
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  Speaker 1: Press Secretary Josh Earnest the uncertainty and creeping sense of
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  Speaker 1: loss that the loved ones of those who are lost
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  Speaker 1: on the plane must be experiencing right now is painful
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  Speaker 1: to even content. Secretary of State John Kerry address reporters
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  Speaker 1: at NATO headquarters in Brussels. The United States is providing
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  Speaker 1: assistance in the search effort, and relevant authorities are doing
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  Speaker 1: everything they can to try to find out what the
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  Speaker 1: facts are of what happened today. Sixty six people were
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  Speaker 1: on board the plane, which left Paris and route to Cairo.
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  Speaker 1: Terrorism has not been ruled out. Veteran sixty Minutes correspondent
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  Speaker 1: Morally Safer is dead a week after announcing his retirement.
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  Speaker 1: He was eighty four. No further details on his death
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  Speaker 1: were immediately available. Safer contributed nine hundred nineteen stories during
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  Speaker 1: his forty six years on sixty minutes, beginning in nineteen seventy,
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  Speaker 1: If you're headed home on Metro North Railroad says it's
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  Speaker 1: added extra trains. It's running on what it calls an
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  Speaker 1: enhanced Saturday schedule, two days after a fire damaged an
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  Speaker 1: elevated track in East Harlem. If you're looking for really
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  Speaker 1: hot temperatures this summer, New York is a pretty safe bet.
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  Speaker 1: The US Climate Prediction Center says the Northeast Carter, along
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  Speaker 1: with the West Coast, have the best chances for warmer
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  Speaker 1: than normal temperatures from June through August. Global News twenty
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  Speaker 1: four hours a day, powered by our two hundred journalists
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  Speaker 1: in more than one hundred fifty news berrows around the world.
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  Speaker 1: From the Bloomberg Newsroom, I'm Mark Crumpton, Charlie, and we
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  Speaker 1: thank you, and again recapping move lward for US equities
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  Speaker 1: with the SMP five hundred index falling seven points this
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  Speaker 1: Thursday to two thousand forty, a drop of four tenths
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  Speaker 1: of one. I'm Charlie Pellett and that's a Bloomberg Business flash.
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  Speaker 1: Move around most gregs emotion a move on? Can you
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  Speaker 1: move like they do? I've never seen anyone move that back.
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  Speaker 1: Five people. Let's move like to get a purpose. That
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  Speaker 1: was called movers and Shakers. They cost a little more.
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  Speaker 1: That name cracked me up. Bloomberg taking stock Movers and
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  Speaker 1: Shakers with Pim Fox and Kathleen As on Bloomberg Radio.
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  Speaker 1: Movers and Shakers for Thursday, May nine, teens twenties sixteen,
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  Speaker 1: one hundred and fifty nine issues in the SMP. Five
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  Speaker 1: hundred advanced, three hundred and forty one decline, and five
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  Speaker 1: remain unchanged. Dave Wilson, Bloomberg Stocks Commist and our resident
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  Speaker 1: Musicologists joins us now to kick off our movers and shakers.
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  Speaker 1: You know, when companies decide to get together and they
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  Speaker 1: refer to the deal as a merger, you know a
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  Speaker 1: lot of times there is effectively a buyer and a seller.
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  Speaker 1: And I'm bringing this up because we had a deal
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  Speaker 1: today in the oil services business, f MC Technologies agreeing
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  Speaker 1: to merge with its French pier Technic in an all
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  Speaker 1: stock deal. It's valued at about thirteen billion dollars. Now
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  Speaker 1: FMC shareholders are gonna get one share in the new
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  Speaker 1: company for every share they already own. It's really in
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  Speaker 1: the Chase they're holding any and then you have Technic,
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  Speaker 1: which is a two for one ratio, and effectively, if
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  Speaker 1: you look at the way the shares performed today, investors
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  Speaker 1: are treating FMC Technologies as the buy or, even though
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  Speaker 1: each company is going to own about half of the
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  Speaker 1: combined company. I bring this up. FMC Technology is falling
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  Speaker 1: four point seven percent today, and Technique, which trades over
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  Speaker 1: the counter here in the US, with a gain of
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  Speaker 1: five point eight percent in response to their deal. Retail
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  Speaker 1: it has been doom and gloom until today. Walmart, of course,
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  Speaker 1: uh exceeding analysts estimates on earnings, but some other very
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  Speaker 1: prominent retailers doing very well, including American Eagle, Urban Outfitters.
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  Speaker 1: Peri ellis, we've got American Eagle closing up eighteen percent,
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  Speaker 1: Urban Outfitters up thirteen percent. Perrealis also up thirteen percent.
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  Speaker 1: Air American Eagle beat their earnings estimate, Urban Outfitters posting
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  Speaker 1: same store sales dress that was stronger than expected. Perrealists
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  Speaker 1: also beating the earnings estimates. In era American Eagles case
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  Speaker 1: in particular, they're capitalizing on demand for denim and bohemian fashions.
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  Speaker 1: I guess pim. Maybe that's the rest of the apparel
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  Speaker 1: industry has got to get on board. Perhaps, well, they're
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  Speaker 1: not going to get on board if they're going to
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  Speaker 1: take all those lu jeans on trucks right now because
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  Speaker 1: a couple of truck makers shares falling today, Commons down
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  Speaker 1: to and a quarter percent, a Packard down more than
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  Speaker 1: three and a quarter percent. This comes after Diamler Trucks
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  Speaker 1: says that the global truck market has worsened in recent
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  Speaker 1: weeks and that there is no revival on orders received,
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  Speaker 1: particularly in the North American market. It says that European
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  Speaker 1: demand is significantly higher, however, competition more intense, and that
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  Speaker 1: that they see demand, for example in Brazil down about
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  Speaker 1: twenty percent, and that is what's sent the shares of
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  Speaker 1: the peer group of Packard down three and a half
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  Speaker 1: percent right now, and Commons closing out the day down
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  Speaker 1: too and a quarter percent. Let's stick with the deal
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  Speaker 1: theme and talk about Mount Santa. You know, last week
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  Speaker 1: we reported the Germany's buyer or if you prefer Bear,
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  Speaker 1: was looking at making an offer for the seed and
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  Speaker 1: pest side company, and sure enough they have done so.
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  Speaker 1: Now we don't know the terms of the deal. We
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  Speaker 1: do know that Monsanto after today is valued at about
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  Speaker 1: forty four billion dollars, So you get some idea of
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  Speaker 1: how big a transaction we might be talking about here.
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  Speaker 1: Uh Monsanto's shares gaining three and a half percent in
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  Speaker 1: today's trading in the wake of the offer. Is that
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  Speaker 1: we don't know the terms yet. Buyer which trades here
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  Speaker 1: in the US again over the counter, down seven points
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  Speaker 1: seven percent, So sharehold is in that company not liking
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  Speaker 1: the idea of coming together with Monsanto. Well, Uh, I
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  Speaker 1: was just talked about some retailers that did well. Let's
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  Speaker 1: look at one that didn't do quite so well. That
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  Speaker 1: would be l Brands down five percent to sixty dollars
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  Speaker 1: and change at the close. Now you might be saying,
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  Speaker 1: Who's hell Brands? Why do we care? Who? Well? Ever
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  Speaker 1: heard the name of Victoria's Secret? How about Bath and
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  Speaker 1: Body Works? How about Henri Bendell and Moore? Uh, the
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  Speaker 1: company did not do so well. It actually fell short
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  Speaker 1: in terms of the earnings and and it cut it's
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  Speaker 1: a full year forecast. Um Boomberg Intelligence writing that they
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  Speaker 1: are having uh some difficulties. Weakness in core Lingerie is
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  Speaker 1: alarming and calls into question whether L Brand's Inc. Is
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  Speaker 1: at the beginning of a trend or just a blip.
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  Speaker 1: While I can tell you just briefly about what's going
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  Speaker 1: on with some of the movers moving higher today, and
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  Speaker 1: I wanted to note, for example, you mentioned retail Kathleen,
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  Speaker 1: but you know L Brands obviously on the downside. But
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  Speaker 1: we've got to look at what's happening to Gap, because
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  Speaker 1: we're gonna be waiting for those results. And the gap
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  Speaker 1: right now was up well closed up forty one cents
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  Speaker 1: on the day, but the shares well last week they
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  Speaker 1: certainly took it on the chin. Today the shares of
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  Speaker 1: Gap are up about one percent and we await their results.
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  Speaker 1: He'll be out and about seven minutes time with the
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  Speaker 1: to fix up point four to closing at sixteen point
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  Speaker 1: three seven. A light calendar for the economy. All we've
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  Speaker 1: got sixting home sales tomorrow, only one fed speaker, and
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  Speaker 1: that's Dan, Mr Truella on Banks. So maybe volatility will
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  Speaker 1: calm down a bit more. Alright, Dave, you're h hi,
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  Speaker 1: My name is Dave. Just what do you think you're doing.
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  Speaker 1: We're going for the price on Wilson, Dave, Dave, Mr Wilson,
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  Speaker 1: all right, tell us about a stock that maybe got
• 10:39
  Speaker 1: a haircut. Well, put pim It's Regis. It's in the
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  Speaker 1: hair cutting business, the comedy on Supercuts, Smart Style, Master Cuts,
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  Speaker 1: So Soon, Salon Cost Cutters, and First Choice Haircutters, as
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  Speaker 1: well as its namesake salons. Next Moth marks the anniversary
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  Speaker 1: of Regius is, an initial public offering companies ticker is
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  Speaker 1: r g S. It shares peak at forty six dollars
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  Speaker 1: eighty eight cents and two thousand four and have traded
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  Speaker 1: on either side of fifteen dollars since US stocks began
• 11:07
  Speaker 1: their current bowl market in two thousand nine. Today, shares
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  Speaker 1: of Regis dropped after the US Labor Department adopted new
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  Speaker 1: rules on overtime pay. The agency more than double the
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  Speaker 1: salary ceiling for employees to qualify four time and a
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  Speaker 1: half if they worked more than forty hours a week.
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  Speaker 1: The change led Piper Jeffrey to cut its rating on
• 11:24
  Speaker 1: Regis to the equivalent of self from neutral. Piper reversed
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  Speaker 1: that call hours later after learning from the company that
• 11:31
  Speaker 1: story level managers weren't on salary. Now, Regis estimated the
• 11:35
  Speaker 1: rule may cost the company just five million dollars a year,
• 11:38
  Speaker 1: rather than the eighty one million the Piper projected. Even so,
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  Speaker 1: Companies shares fell nine percent closed at their lowest price
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  Speaker 1: since October, and during the day they were down as
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  Speaker 1: much as nineteen and a half percent. In the wake
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  Speaker 1: of Piper Jeffreys very brief downgrade. Stave Wilson, thank you
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  Speaker 1: so much, Bloomberg Stocks editor and Kathleen Hayes along with
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  Speaker 1: pim Fox. This is taking stock on Bloomberg Radio. Bloomberg
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