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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, the Radio plus Mobile Act and on
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  Speaker 1: your radio. This is a Broomberg Business Flash from Bloomberg
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  Speaker 1: World Handquarters. I'm Charlie Pellett Nadal the SMP NEZ Stack
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  Speaker 1: All Advancing Today, Folks from g M s ringing that
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  Speaker 1: closing bell stocks, headed hires, technology shares, rallied amid deal
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  Speaker 1: activity and corporate earnings spurred optimism that results this season
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  Speaker 1: will be sturdy enough to help sustain equities at record levels.
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  Speaker 1: Charles de Vaux is chief investment officer at International Value Advisors.
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  Speaker 1: He was our guests moments ago right here on taking
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  Speaker 1: stock and explain why he's not afraid to be in
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  Speaker 1: cash right now. And the reason is that we'd rather
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  Speaker 1: hold cash than force ourselves to buy or hold overvalued securities.
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  Speaker 1: And yet around the world we feel that most stocks
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  Speaker 1: and bonds are priceful perfection to say elegant, lee to
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  Speaker 1: say it less elegantly, I would say that they often
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  Speaker 1: are at nosebleed valuation. Level of Bloomberg Exclusive Today, Tom
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  Speaker 1: Keane sat down with Christine Lagarde, Managing director of the
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  Speaker 1: International Military Fund. She touched on a number of topics,
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  Speaker 1: including the recent vote to leave by the UK to
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  Speaker 1: leave the European Union. You know, if anything in Europe,
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  Speaker 1: the decision made by the British people to exit the
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  Speaker 1: European Union has accelerated enough of you the need to
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  Speaker 1: um consolidate the European Union to give a strong message
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  Speaker 1: to the European people about the benefit that Europe can
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  Speaker 1: actually deliver for them. Concentrating on the positive, focusing on
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  Speaker 1: key shoes for the people of Europe. World Pool shares
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  Speaker 1: climb today after the appliance industry sales surged in June,
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  Speaker 1: assign more Americans or upgrading their air conditioners and other equipment.
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  Speaker 1: Worldpool shares up today by one point four percent. Equities
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  Speaker 1: higher SMP five had it Index up five six, a
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  Speaker 1: gain of two tenths of one percent. Town Industrial is
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  Speaker 1: up fifteen to eighteen thousand, five hundred thirty one, a
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  Speaker 1: gain of point one percent, and as a stack up
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  Speaker 1: twenty six, a gain of five tenths of one percent.
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  Speaker 1: Gold up to forty announced, the thirty nine up two
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  Speaker 1: tenths of one percent, And now look at the other
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  Speaker 1: stories making news. Charlie, Thank you from the Bloomberg Newsroom.
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  Speaker 1: I'm Mark Crumpton. This convention will come to order, the
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  Speaker 1: Republican National Committee Chairman rants previous Today in Philadelphia, on
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  Speaker 1: day one of the Republican Convention, Donald Trump's campaign manager
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  Speaker 1: Paul Manafort says he's optimistic about the next few days.
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  Speaker 1: The goal of the overall convention will be to present
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  Speaker 1: Mr Trump not just as the political figure running for office,
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  Speaker 1: but as the father, as the businessman, as the as
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  Speaker 1: the compassionate human being. Manafort says. One of the themes
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  Speaker 1: of the convention is to present Hillary Clinton as the
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  Speaker 1: ultimate establishment candidate. Speaking at the double A CPS National
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  Speaker 1: Convention in Cincinnati, Mrs Clinton took a swipe at Donald
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  Speaker 1: Trump for declining an invitation to speak at the event.
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  Speaker 1: We all know about that other conventioning happening happening up
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  Speaker 1: in Cleveland today. Now, my my opponent in this race,
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  Speaker 1: may have a different view, but there's nowhere I'd rather
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  Speaker 1: be than right here with all of you. The Democratic
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  Speaker 1: National Convention begins next Monday in Philadelphia. Louisiana State Police
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  Speaker 1: Colonel Mike Edmondson says the gunman who shot six police
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  Speaker 1: officers in Baton Rouge Sunday, killing three clearly targeted law
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  Speaker 1: enforcement Edmonton showed overhead maps of the area to explain
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  Speaker 1: how Gavin Long, a former US marine, snuck up behind
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  Speaker 1: officers and shot them at close range. Global News twenty
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  Speaker 1: four hours a day, powered by more than twenty journalists
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  Speaker 1: and analysts in more than one countries. I'm Mark Crumpton.
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  Speaker 1: This is Bloomberg, Charlie, and we thank you, and again
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  Speaker 1: recapping a move higher record clothes for the SMP six
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  Speaker 1: up five points again of two tents of one percent.
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  Speaker 1: Just getting word from Netflix that shares our moving lower.
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  Speaker 1: It's reporting second quarter international streaming net editions of one
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  Speaker 1: point five two million. Estimates were four two point one
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  Speaker 1: five million. I'm Charlie Pellett and that's a Bloomberg Business flash.
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  Speaker 1: Move around Morton creates a motion. I feel move you
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  Speaker 1: move like they do. I've never seen anyone move that hard.
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  Speaker 1: People's move like to get a purpose that he's called
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  Speaker 1: movers and shakers. It costs a little more. That name
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  Speaker 1: cracked me up. Bloomberg taking stock Movers and Shakers with
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  Speaker 1: Bim Box and Kathleen as on Bloomberg Radio Movers and
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  Speaker 1: Shakers for Monday, July eighteen, twenty is sixteen two hundred
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  Speaker 1: and ninety six issues in the SMP, five hundred advanced,
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  Speaker 1: two hundred and four decline, and five remain unchanged. I
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  Speaker 1: want to bring in Bloomberg Stocks Commas Dave Wilson to
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  Speaker 1: begin our movers and shakers. Dave, Well, we might as
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  Speaker 1: well talk about ARM Holdings, the chip designer based in
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  Speaker 1: the UK traded here in the US. Japan's SoftBank Group
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  Speaker 1: agreed to buy ARM for thirty two billion dollars. Now,
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  Speaker 1: ARM Holding shares up forty and a half percent in
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  Speaker 1: US trading in the wake of that offer, SoftBank falling
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  Speaker 1: almost eight percent. Those shares trade over the counter here
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  Speaker 1: in the US. The course, SoftBank has a majority stake
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  Speaker 1: in the wireless company Sprint, So if they're spending thirty
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  Speaker 1: two billion dollars on ARM, you've got to wonder what happened.
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  Speaker 1: It's the Sprint going down the line, and certainly that
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  Speaker 1: kind of doubt reflected in the performance of Sprint shares
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  Speaker 1: today they fell five I'll tell you about the shares
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  Speaker 1: of Netflix, as Charlie Pett was just mentioning, their second
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  Speaker 1: quarter results have been released and the stock is falling
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  Speaker 1: more than twelve percent in postmarket trading. During the second quarter,
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  Speaker 1: Netflix earned nine cents a share that did match average
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  Speaker 1: analysts estimates, but the company is said that for the
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  Speaker 1: third quarter they expect earnings to be five cents to
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  Speaker 1: share and analysts estimates were for seven cents to share.
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  Speaker 1: In addition, Netflix sees the third quarter bringing in about
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  Speaker 1: two million new international streaming subscribers. Analysts estimates were looking
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  Speaker 1: for more than two and a half million additional subscribers.
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  Speaker 1: Once again, the shares of Netflix are falling more than
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  Speaker 1: twelve percent and after hours trading. If you're gona talk
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  Speaker 1: earnings disappointments, we might as well mention Hasbro. Now, what's
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  Speaker 1: interesting there is that the second quarter earnings in the
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  Speaker 1: revenue actually beat analysts average esthimates in Bloomberg survey. Trouble is, though,
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  Speaker 1: that the Boys Toys, the biggest piece of Hasbro's business,
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  Speaker 1: didn't measure up to what analysts were looking for in
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  Speaker 1: terms of growth, only increase about four percent in revenue,
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  Speaker 1: and that followed a twenty four percent increase in the
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  Speaker 1: first quarter. Uh company talking about sort of a gap
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  Speaker 1: in the Transformers movies hurting their sales performance in that
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  Speaker 1: part of the business. Also well you had something about
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  Speaker 1: increase in inventory and a dollar amount from a year ago.
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  Speaker 1: You put that together in Hasbro shares the worst performers
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  Speaker 1: in the SNP today. They fell six point six percent. Well,
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  Speaker 1: tell you about the shares of Monster Beverage down a
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  Speaker 1: three and three quarters of a percent today. Uh this
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  Speaker 1: coming after Wells Fargo downgraded the shares to market perform
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  Speaker 1: on concerns that near term upside potential is limited and
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  Speaker 1: they lowered the Well, I beg your pardon. The price
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  Speaker 1: target remains unchanged in the range of a hundred and
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  Speaker 1: sixty four to a hundred and sixty six dollars. Monster
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  Speaker 1: Beverage Trade said about a hundred and fifty five dollars
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  Speaker 1: a share. But interestingly, there is a counterpoint that Goldman
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  Speaker 1: Sacks came out and said, nope, they disagree with what's
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  Speaker 1: going on over at head Wells Fargo, and they see
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  Speaker 1: a Monster Beverage shares as as being worthwhile to purchase.
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  Speaker 1: And indeed they said that they've been defended at the
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  Speaker 1: Goldman Sacks even after this drop. They said that the
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  Speaker 1: weakness provides a buying opportunity. This, according to Goldman analysts
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  Speaker 1: Judy hung their price target a hundred and seventy two
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  Speaker 1: dollars once again. Monster beverage down today three and three
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  Speaker 1: quarters ever percent. Well, as the Pokemon Go apps popularity increases,
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  Speaker 1: game Stop is managing to benefit now. This company sells
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  Speaker 1: Pokemon video games and collectibles and uh Chief executive Paul
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  Speaker 1: Raines told CNBC that the company has hundreds of stores
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  Speaker 1: that are gyms in Pokemon Go, so they're a destination
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  Speaker 1: and as it turns out, sales in those stores have doubled.
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  Speaker 1: So this is all the sort of thing that investors
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  Speaker 1: want to hear. And game Stop shares up almost eight
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  Speaker 1: percent in today's trading. Alright, it is time now for
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  Speaker 1: the Volatility Index Report. It is brought to you by
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  Speaker 1: CBOE VIX Options and Futures. Volatility can be harnessed with
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  Speaker 1: at cbo e dot com Slash Powerful Outcomes VIX. The
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  Speaker 1: VIX down today, declining once again, falling nearly two percent,
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  Speaker 1: down zero point to five, settling at twelve point four two.
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  Speaker 1: And UH, well, we're looking at a VIX that has
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  Speaker 1: been closing at its lowest level in more than eleven months.
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  Speaker 1: Our investors fearful, not according to the VIX, which is
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  Speaker 1: way below the long term average of twenty Alright, Dave,
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  Speaker 1: you're uh hi, my name is Dave. Just what do
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  Speaker 1: you think you're doing. We're going for the prisn Dave, Dave, Hey,
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  Speaker 1: Mr Wilson. Let's talk about or would you please talk
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  Speaker 1: about a company called Westco Aircraft Holdings and uh well,
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  Speaker 1: it is below it's initial public offering price. Indeed, it
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  Speaker 1: is I'm gonna have mentioned really quickly IBM because their
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  Speaker 1: second quarter numbers are out operating earnest six cents higher
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  Speaker 1: than analysts average, Estmate and Bloomberg Survey Revenue Justice Head
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  Speaker 1: as well in IBM, moving higher in late trading in
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  Speaker 1: the wake of those results. Now, let's turn to Westco Aircraft,
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  Speaker 1: their fifth anniversary of the initial public offerings coming up
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  Speaker 1: next week, and anyone who has owned shares of the
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  Speaker 1: aircraft parts retailer and distributors since this debut doesn't have
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  Speaker 1: much to celebrate. WESTC trades under the ticker w A
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  Speaker 1: I R and as you mentioned, company went public at
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  Speaker 1: fifteen dollars a share and this year it has yet
• 11:01
  Speaker 1: to close above its I p O price. It's been
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  Speaker 1: as low as ten dollars and nineteen cents on a
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  Speaker 1: closing basis. West Coast stock faltered under the weight of
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  Speaker 1: three securities firms cell recommendations. They go back to November
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  Speaker 1: after a set a quarterly results proved disappointing. At least
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  Speaker 1: that's what data compalmed by Bloomberg shows. A fourth firm
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  Speaker 1: joined the cell camp today, Jefferies lowered its West Co
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  Speaker 1: rating to the equivalent of Cell from hold uh Anas.
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  Speaker 1: Sheila Kayalu wrote in a report that she sees the
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  Speaker 1: company having limited growth opportunities and financial flexibility, among other things.
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  Speaker 1: West Coast shares closing with a loss of four pot
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  Speaker 1: eight percent today after falling as much as seven and
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  Speaker 1: a half percents. Thank you very much, Dave Wilson, Bloomberg
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  Speaker 1: Stocks Commis. Send him an email at d Wilson at
• 11:44
  Speaker 1: Bloomberg dot net. Sign up for his daily free email newsletter.
• 11:48
  Speaker 1: It will make you a smarter investor. IBM second quarter
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  Speaker 1: operating earnings per share two dollars five cents versus an
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  Speaker 1: estimate of two dollars and eighty nine cents. We've got
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  Speaker 1: details coming up. This is Bloomberg. Bloomberg taking stock is
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  Speaker 1: imagining more get forward thinking advice that can help turn
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