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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 from Bloomberg World Headquarters. I'm
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  Speaker 1: Charlie Pwott. Stocks higher, folks from the Brazilian American Chamber
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  Speaker 1: of Commerce, ringing that closing bell, and we are brought
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  Speaker 1: by a single stock when you can invest in the
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  Speaker 1: entire sector? Visits sector s p d r S dot
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  Speaker 1: Com recall Sector E t F A rally and crude
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  Speaker 1: boosting energy shares Today, West Texas Intermediate up three point
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  Speaker 1: six percent, gaining a dollar sixty six eighty six or share.
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  Speaker 1: Apple jumping after Berkshire Hathaway disclosed a stake in the
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  Speaker 1: iPhone maker. Apple up today by three point seven percent.
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  Speaker 1: Berkshire advancing point two percent. That's Berkshire talking about the
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  Speaker 1: Class A shares. There, SMP five hundred index climbing twenty
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  Speaker 1: points to two thousand, sixty six, a gain of one percent.
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  Speaker 1: Down Industrials up one hundred seventy four points a gain
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  Speaker 1: of one percent. Naz Dak up fifty seven points higher
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  Speaker 1: by one point two percent. A busy week for economic data.
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  Speaker 1: New data coming out tomorrow morning on consumer prices. Brad
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  Speaker 1: McMillan is chief investment officer at Commonwealth Financials. To see
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  Speaker 1: an increase in uh in inflation at the headline level, particularly,
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  Speaker 1: but also at the core level, I'm gonna see maybe
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  Speaker 1: a little bit of fireworks because you could see the
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  Speaker 1: headline number check up, but it's not going to mean anything.
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  Speaker 1: The important number is a core number and actually just
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  Speaker 1: be more of the same. And he was our guest
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  Speaker 1: interview minutes ago right here on taking stock. The SMP
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  Speaker 1: five hundred index climb twenty points to two thousand, sixty six,
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  Speaker 1: up one percent down Industrials advancing one hundred and seventy
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  Speaker 1: four points, also up by one percent. The NaSTA compositive
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  Speaker 1: index of fifty seven, a gain of one point two percent,
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  Speaker 1: ten down fourteen thirty seconds had yield one point seven
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  Speaker 1: and gold hired today by three dollars thirty cents. He
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  Speaker 1: ounced to twelve seventy six for gold. That is a
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  Speaker 1: gain of three tenths of one percent. It is four
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  Speaker 1: oh two on Wall Street. Now, let's take a look
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  Speaker 1: at other news from around the world on Bloomberg Radio.
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  Speaker 1: Thank you Charlie from the Bloomberg news Room. I'm Sherry Anne,
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  Speaker 1: and voters go to the posy in Oregon in Kentucky tomorrow.
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  Speaker 1: Today Bernie Sanders was in Puerto Rico talking about the
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  Speaker 1: territories worsening dead crisis. Austerity will cause more suffering for
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  Speaker 1: working people and make the rich rich up. We must
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  Speaker 1: vigorously oppose all efforts at us. Thus, special onboy In,
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  Speaker 1: Bret McGurk says the Islamic State is losing the battle
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  Speaker 1: to maintain control, especially in places like the Syrian city
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  Speaker 1: of Rocca, where you, Hannie John was killed by a drone.
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  Speaker 1: We found him, we tracked him, and we targeted him
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  Speaker 1: with such precision on the streets of Rocca that nobody
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  Speaker 1: else was hard. McGurk says the coalition will continue to
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  Speaker 1: target the leaders of Islamic State. North Carolina and so
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  Speaker 1: called bathroom law is facing another legal challenge. The American
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  Speaker 1: Civil Liberties Union wants a federal judge to stop the
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  Speaker 1: law from being enforced. The State of North Carolina and
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  Speaker 1: the Justice Department are seeing each other over the law,
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  Speaker 1: which allows transgender people to use the bathroom that corresponds
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  Speaker 1: to their sex at birth after stalling for months, Congress
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  Speaker 1: is ready to move on President Obama's request for additional
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  Speaker 1: money to fight Zeka. House Republicans today release legislation to
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  Speaker 1: provide six hundred and twenty two million dollars, and at
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  Speaker 1: one point one billion dollar measure is expected to be
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  Speaker 1: endorsed by the Senate tomorrow. Along Island Park has removed
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  Speaker 1: signs bearing the name of disgraced former New York Senate
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  Speaker 1: Majority leader Dean Scallows. Scalos was sentenced last week to
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  Speaker 1: five years in prison on federal corruption charges. Global News
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  Speaker 1: twenty four hours a day, powered by our twenty four
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  Speaker 1: hundred journalists in more than a hundred and fifth can
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  Speaker 1: use bureaus around the world. From the Bloomberg youth Room,
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  Speaker 1: I'm Sherry, Anne Charlie, and we thank you and again
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  Speaker 1: recapping stocks are higher, SMP advancing twenty points to two thousand,
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  Speaker 1: sixty six one percent. The now also up by one
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  Speaker 1: percent and has that climbed one point two percent. I'm
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  Speaker 1: Charlie Pellett, and that's a Bloomberg business flash. Move around,
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  Speaker 1: mortingrad promotion up. Move on the 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 like to get a purpose. That was called movers
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  Speaker 1: and Shakers. They cost a little more about that name
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  Speaker 1: cracked me up. Bloomberg taking stock movers and Shakers with
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  Speaker 1: Pim Fox and Kathleen Hay's on Bloomberg Radio. Let's take
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  Speaker 1: a look at guess and P. Five hundred to get
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  Speaker 1: a sense of just how strong the conviction was today
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  Speaker 1: for a move up in stock prices for or thirty
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  Speaker 1: two companies had their share price and higher, seventy two lower,
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  Speaker 1: two unchanged. Our stocks that are Dave Wilson is back
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  Speaker 1: with us in studio to kickoff Movers and Shakers. Got
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  Speaker 1: to talk about the biggest gain across US stocks today.
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  Speaker 1: It was Anacre Pharmaceuticals, a ticker is a n A C.
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  Speaker 1: This company is developing a treatment for the skin disease xema.
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  Speaker 1: They accepted a takeover offer from Fiser that's valued at
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  Speaker 1: five point two billion dollars. This is Fiser's first deal
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  Speaker 1: since they have abandoned a proposed a hundred and sixty
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  Speaker 1: billion dollar takeover Our again now. Drugs similar to anachords
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  Speaker 1: are under development at Celgene and Regenera On Pharmaceuticals, and
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  Speaker 1: those stocks rose as well. Let's go through the numbers.
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  Speaker 1: An Acre up fifty seven percent on the day, fires
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  Speaker 1: are actually hired two up six tenths per percent, cell
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  Speaker 1: Gene with one point four percent gain, and Regenera on
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  Speaker 1: a top performer in the s and P five hundred
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  Speaker 1: of six point one percent. L Brands, the women's apparel
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  Speaker 1: and beauty product companies, are best known for its Victoria's
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  Speaker 1: Secret brand. Shares down about a half a percent the
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  Speaker 1: company reports results on Wednesday. The stock is down about
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  Speaker 1: thirty percent so far this year, and it hit a
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  Speaker 1: new fifty two week low today sixty six dollars and
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  Speaker 1: a thirty seven cents UH. Core weakness in the Victoria's
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  Speaker 1: Secret core offerings, perhaps combined with anticipated effect of the
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  Speaker 1: elimination of the Victorious Secret catalog and some product categories
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  Speaker 1: perhaps going to be the focus when the company reports
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  Speaker 1: its first quarter results. As I said on Wednesday, once
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  Speaker 1: again L Brands down half a percent, hitting a new
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  Speaker 1: fifty two week low. Oil in particular, commodities in general
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  Speaker 1: helping to boost the stock market today. Let's take a
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  Speaker 1: look at Marathon Oil shares up nearly five percent today
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  Speaker 1: after crude oil rose more than three percent. Oil prices
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  Speaker 1: is rolling on concerns about supply outages in Nigeria Venezuela,
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  Speaker 1: and then Goldman Sacks has been pretty bearished on oil
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  Speaker 1: prices see mean more positive on the market now, saying
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  Speaker 1: that the oil market has gone from UH nearing storage
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  Speaker 1: saturation to actually being in deficit as of May, sustained
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  Speaker 1: strong demand and declining production. Goldman now expecting oil prices
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  Speaker 1: to increase to fifty bucks of air on the second
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  Speaker 1: half of the year, and that compares with its April
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  Speaker 1: twenty second outlook for prices between forty and forty five
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  Speaker 1: and the second half according the Wall Street Journal Dave
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  Speaker 1: So not too surprising to see the move today. Here's
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  Speaker 1: a corporate name for you, Ingevity. It's a brand new
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  Speaker 1: public company was just spun off to make or specialty
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  Speaker 1: chemicals that used to be part of the paper and
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  Speaker 1: packaging company west Rock that was formed through a merger
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  Speaker 1: last year. Ngevity trading under the ticker n g VT
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  Speaker 1: and UH investors kind of like this one stock, with
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  Speaker 1: a gain of seven point three percent in its first
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  Speaker 1: full of trading post spinoff, Sears Holdings hitting a new
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  Speaker 1: fifty two week load today. The stock down nearly fifty
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  Speaker 1: so far this year, down five cents today trading at
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  Speaker 1: eleven dollars and eight cents. But Warren Buffett seems to
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  Speaker 1: have given Sears an indirect, but maybe financially material vote
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  Speaker 1: of confidence. Sears bears seemingly not not smart to think
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  Speaker 1: that the company is anywhere close to being on the
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  Speaker 1: brink of failure as many claim. Uh. This all according
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  Speaker 1: to Warren Buffett, and uh he says, well, maybe the
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  Speaker 1: company has some material value once again, shares of Sears
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  Speaker 1: holding though going the other way down to a fifty
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  Speaker 1: two week load to day eleven dollars eight cents. And
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  Speaker 1: let's look at Freeport mcmaran, so we get a sense
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  Speaker 1: of how important this boost and oil prices has been
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  Speaker 1: for commodity prices more broadly. Today I just mentioned the
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  Speaker 1: supply disruptions in Nigeria increased a man, but Freeport among
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  Speaker 1: the leaders in the SP five hundred today, as cow
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  Speaker 1: And and and Company raised their forecast of fifteen dollars to
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  Speaker 1: share from ten dollars, and in fact, the Bloomberg commodity
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  Speaker 1: in decks of raw materials rose as much as one percent.
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  Speaker 1: The commodities complex seems to be marching higher under the
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  Speaker 1: leadership of oils is Michael Turect, the head of Base
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  Speaker 1: Medals at BGC Partners in New York. Alright, it's time
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  Speaker 1: now for the Volatility Index report and of course brought
• 9:18
  Speaker 1: to you by the cbo E VIX options and the futures.
• 9:21
  Speaker 1: Volatility can be harnessed with cbo EVIS options and future
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  Speaker 1: c disclosures. Learn more at a cbo E dot com
• 9:28
  Speaker 1: slash Powerful Outcomes VIX. The VIX down today, down about
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  Speaker 1: three and a half percent, closing at fourteen point to
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  Speaker 1: fifty one. And just taking a look at the VIX
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  Speaker 1: that while I was down point five three and potential
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  Speaker 1: volatility points Brexit, that's the June vote, continuing concern about China,
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  Speaker 1: validated by those week numbers that were received over the weekend,
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  Speaker 1: and of course that the f MC meeting on June
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  Speaker 1: the fifteenth, volatility may increase. All right, Dave, you're 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 a pound, will Dave da Editors Medicine
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  Speaker 1: uh it gained assisting fibrosis foundations backing for its drug
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  Speaker 1: development work, having some impact on the stock today. Dave Wilson. Absolutely,
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  Speaker 1: I mean Editas Medicines in the editing business, as its
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  Speaker 1: name I applies. We're talking about genome editing in which
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  Speaker 1: a patient's DNA is modified. Company uses a technique called
• 10:40
  Speaker 1: crisper uh no e in that name to cut out
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  Speaker 1: sections of d N A. Now. Edita started in and
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  Speaker 1: raised the hundred sixty three point three million dollars privately. Microsoft,
• 10:51
  Speaker 1: Bill Gates and Alphabet's venture unit g V were among
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  Speaker 1: its investors, coming and made a hundred eight million dollar
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  Speaker 1: initial public offering in February, and it's sticker is edit
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  Speaker 1: E d I T now. The IPL was done at
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  Speaker 1: sixteen dollars a share, while Editas dip below that price
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  Speaker 1: during the first two weeks of trading, the company quickly
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  Speaker 1: shed the busted I p O status. Shares rose as
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  Speaker 1: high as in March before retreating below thirty dollars last week. Today,
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  Speaker 1: Editas rallied after gaining that financial support from the Cystic
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  Speaker 1: five Rosis Foundation. Company will receive as much as five
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  Speaker 1: million dollars over three years to pursue treatments for the
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  Speaker 1: genetic disorder. Editas also report a wider first quarter loss
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  Speaker 1: and lower revenue than analysts expected based on the Bloomberg survey.
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  Speaker 1: Even so, the stock climbed as much as twenty and
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  Speaker 1: a half percent in today's trading and closed with a
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  Speaker 1: gain of thirteen percent. Thank you very much, Dave Wilson.
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  Speaker 1: Bloomberg Stocks commis edits medicine based in Cambridge, mass of course,
• 11:53
  Speaker 1: home to Bloomberg. You're listening to Taking Stock. I'm pim Fox,
• 11:57
  Speaker 1: my co host Kathleen Hayes, and this is brig Radio
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