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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: dot Com, the Radio plus Mobile act and on your radio.
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  Speaker 1: This is a Bloomberg Business Clash from Bloomberg World Headquarters
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  Speaker 1: on Charlie Pelt. Sound of the closing bell at the
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  Speaker 1: New York Stock Exchange with the DAL, the SMP, NEZDAC
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  Speaker 1: all advancing on this Monday, stocks climbed as Federal Reserve
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  Speaker 1: Chair Janet Yellen signaled the economy is still strengthening enough
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  Speaker 1: to withstand gradual increases in borrowing costs despite recent gains
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  Speaker 1: of slower job growth. Reaction from Ward McCarthy, chief financial
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  Speaker 1: economist of Jeffreys, who is our guests this afternoon right
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  Speaker 1: here on taking stock all the messages she wants, still
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  Speaker 1: wants to try to gradually move interest rates away from zero,
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  Speaker 1: but Friday's employment number was sufficiently scary in her her
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  Speaker 1: mind um that she became much less specific in terms
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  Speaker 1: of the timing of when the next rate hike might
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  Speaker 1: be and effectively backed away from tower of her comments
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  Speaker 1: recently when she said that the said would be raising
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  Speaker 1: rates in coming months and FED policymakers will be meeting
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  Speaker 1: next a week. Investors moved past the weakest monthly employment
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  Speaker 1: gains since two thousand ten, to focus on the beneficiaries
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  Speaker 1: of a lower dollar and a bounced in treasury yields
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  Speaker 1: and lenders rebounded from their worstrop in almost two months.
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  Speaker 1: Rising crude prices helped Haliburton climb to its highest in
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  Speaker 1: nearly a year. Haliburton shares a four point eight percent
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  Speaker 1: to forty four dollars eighty nine cents. Trans Ocean surged
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  Speaker 1: today by fourteen points seven percent. Ticker on trans Ocean
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  Speaker 1: by the way r i G. Federal Reserve Bank of
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  Speaker 1: Atlanta President Dennis Lockhart says the Central Bank should wait
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  Speaker 1: until at least next month to consider raising rates because
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  Speaker 1: of a slowing labor market and the British vote on
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  Speaker 1: European Union membership, adding his voice to the arden for
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  Speaker 1: a delay. His comments came in an interview with Bloomberg
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  Speaker 1: Radio and Television. Down Industrial is up one twelve, a
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  Speaker 1: gain of six tenths of one percent, SMP and index
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  Speaker 1: of ten, a game of five tenths of one percent.
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  Speaker 1: Gold up forty eight ounce to and now let's take
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  Speaker 1: a look at the other stories making us. Charlie thank
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  Speaker 1: you from the Bloomberg News remind Mark Crumpton. Hillary Clinton
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  Speaker 1: is getting closer to clinching the Democratic presidential nomination. Speaking
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  Speaker 1: in Los Angeles, Mrs Clinton said she's excited about the
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  Speaker 1: possibility of becoming the first female nominee for president. My
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  Speaker 1: supporters are passionate, they are committed. They have voted for
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  Speaker 1: me in great numbers across our country for many reasons.
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  Speaker 1: But among those reasons is their belief that um having
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  Speaker 1: a woman president will make a great statement, a historic
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  Speaker 1: statement about what kind of country we are, what we
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  Speaker 1: stand for. It's really emotional. At a news conference in Emeryville, California,
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  Speaker 1: Bernie Sanders blasted Donald Trump for accusing the federal judge
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  Speaker 1: presiding over a class action lawsuit against defunct Trump University
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  Speaker 1: of being impartial because of his Mexican heritage. This is
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  Speaker 1: the year two thousand and sixteen to attack a judge
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  Speaker 1: because he goes a Mexican heritage. Man born in the
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  Speaker 1: state of Indiana. Sanders says he's hoping to win California
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  Speaker 1: and didn't answer a question about whether he would endorse
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  Speaker 1: Hillary Clinton if he doesn't. Governor Cuomo is issued the
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  Speaker 1: first executive order in the country requiring state entities to
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  Speaker 1: drop any investments linked to Palestinian back boycotts of Israel.
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  Speaker 1: He signed the order yesterday before marching in Manhattan's Celebrate
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  Speaker 1: Israel Parade. A legal director for the Center for Constitutional
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  Speaker 1: Rights says Cuomo's actions violate free speech. 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 fifth news bureaus around the world.
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  Speaker 1: From the Bloomberg Newsroom, I'm Mark Crompton, Charlie, and we
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  Speaker 1: thank you and again recapping it was an update for
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  Speaker 1: the Dow, the SMP and Nestack SMP five hundred index
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  Speaker 1: up ten points to twenty one oh nine, a gain
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  Speaker 1: of five tenths of one percent. I'm Charlie Pelaton. That's
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  Speaker 1: a Bloomberg business flash move around mostly create promotion at
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  Speaker 1: the elite. Move you moved like they do. I've never
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  Speaker 1: seen anyone move that fast. Five people, Let's move like
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  Speaker 1: you've got a purpose. That was called movers and shakers.
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  Speaker 1: They cost a little more. That name cracked me up.
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  Speaker 1: Bloomberg taking stock movers and shakers with Pim Fox and
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  Speaker 1: Kathleen As on Bloomberg Radio. Stocks many to move higher today.
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  Speaker 1: Janet Yellen says eventually she'll be pushing for that next
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  Speaker 1: interest rate increase. And this was enough to help stocks
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  Speaker 1: shake off some early worries about where she was heading
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  Speaker 1: with her speech in Philadelphia. Perhaps people are saying, look,
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  Speaker 1: if she feels good enough about the economy to boost
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  Speaker 1: rates eventually, I feel good enough to buy some equities today.
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  Speaker 1: Looking inside the SMP five hundred, we see the three
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  Speaker 1: thirty five companies share prices closed higher a hundred sixty
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  Speaker 1: eight lower to unchanged gableson our stocks. That it is
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  Speaker 1: back to kickoff movers and shakers. I'll tell you. There
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  Speaker 1: are a lot of stock moves related to the annual
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  Speaker 1: meeting of the American Society of Clinical Oncology, which started
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  Speaker 1: on Friday and runs through tomorrow. Maybe the most noteworthy one, though,
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  Speaker 1: was in the shares of ab The uh study results
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  Speaker 1: on the company's proposed treatment for a form of lung
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  Speaker 1: cancer showed patients survive for a shorter time than typical
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  Speaker 1: for those on chemotherapy. Now, the drugs being developed by
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  Speaker 1: Stem Centrics, which Abby just finished buying for five point
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  Speaker 1: eight billion dollars, so these results did not go over well.
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  Speaker 1: Abvy shares down three point four percent in today's trading. Well,
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  Speaker 1: let's look at somebody who moved higher today by some
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  Speaker 1: four point six percent, and that is a devon energy.
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  Speaker 1: Of course, there are oil and natural gas producer based
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  Speaker 1: in Oklahoma City. They're making good on their plan to
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  Speaker 1: sell three billion dollars worth of assets to fund drilling
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  Speaker 1: and lower debt. They agreed to sell fields in Texas
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  Speaker 1: and Oklahoma and a royalty interest in the Northern Midland
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  Speaker 1: Basis for nearly one billion dollars to undisclosed buyers. The
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  Speaker 1: largest transaction data was for reserves in East Texas for
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  Speaker 1: five five million dollars. But they also agreed to sell
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  Speaker 1: their position in the Anadarcho Basins Granite Wash area for
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  Speaker 1: three hundred ten millions, So investors giving this a thumbs up.
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  Speaker 1: T Mobile US, now there is an interesting plan going
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  Speaker 1: on there. They came out with their latest offer for
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  Speaker 1: subscribers and they're giving one share of their stock to
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  Speaker 1: each one that signs a contract for service. Then beyond that,
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  Speaker 1: subscribers can earn a share for customer referrals, and if
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  Speaker 1: you've been with T Mobile US for five or more years,
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  Speaker 1: you get two shares for referrals. And they had thirty
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  Speaker 1: two point seven million what the industry calls post paid subscribers.
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  Speaker 1: Those are the ones that signed contracts as opposed to
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  Speaker 1: paying as they go. Well, put that all together in
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  Speaker 1: T mobile US with a drop of one point three
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  Speaker 1: percent in today's trading, So this idea of a share
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  Speaker 1: giveaway didn't go over all that Well, what should I do?
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  Speaker 1: Not what I say? That seems to be what's going
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  Speaker 1: on with the best Buy today. The shares are down
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  Speaker 1: some three point one percent at the close. After their CEO,
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  Speaker 1: Hubert Jolie, sold nearly thirteen million dollars of his stock
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  Speaker 1: stock he cut his equity stake in best Buy by
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  Speaker 1: forty four percent. Uh he joined best Buy in twenty twelve,
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  Speaker 1: and of course the company is saying that he has
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  Speaker 1: no plans to leave his role. But of course this
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  Speaker 1: news rattled investors because they are looking to Joey to
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  Speaker 1: complete a turnaround of the retail chain, and he's been
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  Speaker 1: latted for cutting costs and selling off foreign divisions. But
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  Speaker 1: the company hasn't yet to return to study sales growth.
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  Speaker 1: So Sunny selling stock sending a negative message to investors.
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  Speaker 1: Good day for the car rental business for couple of reasons.
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  Speaker 1: One is that Hurts Global Holdings. The board approved a
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  Speaker 1: plan to split the equipment rental business from the main
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  Speaker 1: car rental company, So that's going to happen, something that's
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  Speaker 1: been in the works for a while. And then you
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  Speaker 1: had Avis a his budget group, to be more precise,
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  Speaker 1: come out at a Golden Sacks conference and talk about
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  Speaker 1: how pricing was actually starting to recover in the rental
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  Speaker 1: car industry. That's been an area where they've had issues
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  Speaker 1: for some time. So you saw Hurts and Avis both
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  Speaker 1: up seven point two percent in today's Ready. Well, uh,
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  Speaker 1: it isn't a big move in Walmart stock today. It's
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  Speaker 1: only about well, it's a quarter of a percent. But
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  Speaker 1: I think people who are interested in Walmart want to
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  Speaker 1: take note of Jeffrey's upgrading Walmart from neutral to buy.
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  Speaker 1: The price target eighty two bucks from sixty and in fact,
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  Speaker 1: Daniel Binder listed ten reasons to buy Walmart, opining that quote,
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  Speaker 1: the battleship is starting to turn, so Walmart getting a
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  Speaker 1: little boost there. Let's take a look now the Volatility
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• 9:37
  Speaker 1: Slash Powerful Outcomes, vix Little move up point one five
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  Speaker 1: in the vix to day to thirteen point six too.
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  Speaker 1: And in fact it is as a Friday posting its
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  Speaker 1: third weekly increase in the last four So we'll see
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  Speaker 1: how this week goes. All right, Dave, H. My name
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  Speaker 1: is Dave. Just what do you think you're doing? We're going, Dave,
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  Speaker 1: Dave Bearracuda Networks. Dave, you're a stock of the day,
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  Speaker 1: that's right. This is a company that helps businesses with
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  Speaker 1: computer security and data storage as well as networking. Company
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  Speaker 1: was founded in two thousand three and manut its initial
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  Speaker 1: public offering a decade later. Baracuda is listed under the
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  Speaker 1: ticker KUDA c U d A the last four letters
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  Speaker 1: of that first name, comany on public and eighteen dollars
• 10:29
  Speaker 1: a share, and trade above that price for almost two years.
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  Speaker 1: Disappointing earnings reports then took down the stock and fell
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  Speaker 1: all the way to nine dollars and forty four cents
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  Speaker 1: in January. Now, we reported in February that Barracuda was
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  Speaker 1: working with Morgan Stanley to seek potential buyers. According to
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  Speaker 1: people familiar with the matter. While the stock is rebounded
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  Speaker 1: as the process has unfolded, the recovery was set back today.
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  Speaker 1: That's because Barracouter received its very first celerating since going public.
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  Speaker 1: The call came from jam P Securities, which cut its
• 11:02
  Speaker 1: recommendation equivalent itself from hold. Analyst Eric Superger wrote in
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  Speaker 1: a report that the shares maybe too costly for the
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  Speaker 1: company to attract the buyer. He added that sales have
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  Speaker 1: been disrupted as some sales people have been fired and
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  Speaker 1: others have quit. You put that all together, you got
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  Speaker 1: a stock and Barracuda Networks at down nine point six
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  Speaker 1: percent today and that's the biggest drop since January. Kuda,
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  Speaker 1: I like that. See U. D A. Dave Wilson, thank
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  Speaker 1: you so very much for joining us on taking stock today.
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  Speaker 1: He is our stocks editor resident Musicologists. You can follow
• 11:34
  Speaker 1: him on Twitter at the one Dave Hey. You can
• 11:36
  Speaker 1: follow me Kathleen Hayes and Pam Fox to Orlando, Florida
• 11:41
  Speaker 1: tomorrow Pershing Insight sixteen. We are gonna be hearing about
• 11:45
  Speaker 1: the hottest investment trends, how Pershing is innovating. We're gonna
• 11:50
  Speaker 1: be looking at the newest technology tools two days Tuesday
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  Speaker 1: and Wednesday right here on taking Stock on bloom MiG
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  Speaker 1: Radio Bloomberg Advantage with Carol Master and Corey Johnson's Gonna
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  Speaker 1: Be In Night as well. This is taking stock on
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