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: Global business news twenty four hours a day. If Bloomberg
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  Speaker 1: This is a Bloomberg Business black an area have its
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  Speaker 1: sound of the closing Dottle the New York Stock Exchange
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  Speaker 1: as we wrap up HEARDing on this Tuesday, August ninth
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  Speaker 1: to doll the SMP navstack all advancing no records today,
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  Speaker 1: folks from Jar of Pope by the way, ringing that
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  Speaker 1: closing bell stocks evans with the SMP five hundred index
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  Speaker 1: climbing less than a point to twenty one eighty one.
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  Speaker 1: The record there twenty one eighty two nastack up twelve
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  Speaker 1: to fifty two twenty five, a gain of two tents
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  Speaker 1: of one percent, a little change on the SMP. The
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  Speaker 1: DOW also little changed, up three points to eighteen thousand,
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  Speaker 1: five hundred thirty two. This update brought to you by
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  Speaker 1: one of the day's big winners Valiant Pharmaceuticals Internationals, surging
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  Speaker 1: twenty five point four percent. It maintained its full year guidance,
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  Speaker 1: setting a goal for the second half that will require
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  Speaker 1: the drug maker to substantially raise its sales and profits.
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  Speaker 1: Elizabeth Kruda Hollow is an analyst with Bloomberg Intelligence. She
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  Speaker 1: was our guest this afternoon right here on taking stock.
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  Speaker 1: Most people were pretty happy to see that guidance had
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  Speaker 1: been maintained for the year. We were expecting to see
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  Speaker 1: potentially some color around whether or not they expect that
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  Speaker 1: they could still meet their guidance on revenue and EPs
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  Speaker 1: and IBITA, which they do say that they can do,
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  Speaker 1: despite the fact that to Q did not look all
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  Speaker 1: that promising on those metrics, and a reference there to
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  Speaker 1: learnings before interest, taxes, depreciation and amortization. Again, the shares
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  Speaker 1: surged today by twenty five point four percent. They economic
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  Speaker 1: news today as the productivity of American workers unexpectedly declined
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  Speaker 1: for a third straight quarter. That's according to the Labor Department.
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  Speaker 1: Gold up five fifty the ounce forty one. Again there
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  Speaker 1: of four tenths of one percent and at four oh
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  Speaker 1: two on Wall Street. Now we'll look at other news
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  Speaker 1: from around the world. On Bloomberg Radio, Charlie, Thank you
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  Speaker 1: from the Bloomberg News Room, I Mark Crumpton. The latest
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  Speaker 1: Quinnipiac University multi state poll of likely voters shows Hillary
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  Speaker 1: Clinton leading Donald Trump fifty two percent to forty two
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  Speaker 1: percent in Pennsylvania. In Ohio, Clinton leads forty percent, and
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  Speaker 1: she has a slight edge in Florida. Quinnipiac says the polls,
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  Speaker 1: conducted July to August seven, are its first of likely
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  Speaker 1: voters and can't be compared with earlier surveys of registered voters.
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  Speaker 1: Disruptions from a computer failure spilled into a second day
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  Speaker 1: for Delta Airlines cancelations on Tuesday. Top five hundred Flights
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  Speaker 1: says we'll try to get travelers to their destinations today. However,
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  Speaker 1: Delta says there will likely be more cancelations. The CEO
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  Speaker 1: of Delta apologize for power outage at the airline's Atlanta
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  Speaker 1: base that interrupted computer operations. Delta will also be handing
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  Speaker 1: out refunds and travel vouchers. Michael Barr Bloomberg Radio. The
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  Speaker 1: water crisis in Flint, Michigan is affecting residents in ways
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  Speaker 1: that weren't anticipated. It lowers their IQ and that can
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  Speaker 1: lead to a variety of problems later in life, including
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  Speaker 1: lost economic productivity, higher welfare use, and additional criminal justice
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  Speaker 1: system costs. That's Bloomberg environmental reporter Rachel Levin, who says
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  Speaker 1: that locations across the US are reevaluating their own LED programs.
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  Speaker 1: New York States making available sixteen million dollars for construction
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  Speaker 1: of new energy efficient housing. Global News twenty four hours
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  Speaker 1: a day, powered by more than twenty journalists and analysts
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  Speaker 1: in more than one twenty countries. I'm More Crumpton, this
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  Speaker 1: is Bloomberg, Charlie, and we thank you. We are awaiting
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  Speaker 1: the latest numbers out of the Walt Disney Company. We
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  Speaker 1: did hear from Milan's second quarter adjusted EPs a dollar
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  Speaker 1: sixteen estimates there were four eight dollar fourteen. Again recapping
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  Speaker 1: a move hire no records SMP up a point seven,
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  Speaker 1: a gain of less than one tenth of one percent.
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  Speaker 1: I'm Charlie Pellett, and that's a Bloomberg business flash. Move around.
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  Speaker 1: Motion creates emotion. The elite move. You move like they do.
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  Speaker 1: I've never seen anyone move that back fired people. Let's
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  Speaker 1: move like to get a purpose. That's called movers and shakers.
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  Speaker 1: It costs a little more about that name. Cracked me up.
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  Speaker 1: Bloomberg taking stock movers and shakers with bim Box and
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  Speaker 1: Gatlin as on Bloomberg Radio. Movers and Shakers for this Tuesday,
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  Speaker 1: August and nine, twenty is sixteen and the SMP five hundred,
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  Speaker 1: two hundred and forty issues advanced, two hundred and fifty
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  Speaker 1: seven decline and eight remain unchanged. Let's bring in Bloomberg
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  Speaker 1: Stocks Commas Dave Wilson to begin our movers and shakers. Dave,
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  Speaker 1: was a lousy day to be in the business of
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  Speaker 1: cruise lines. UH Norwegian Cruise Line Holdings came out and
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  Speaker 1: cut earnings forecast for this year and next Norwegian siding
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  Speaker 1: following US demand for European vacations and also a weaker
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  Speaker 1: British pound. If that sounds familiar, we heard a similar
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  Speaker 1: sort of caution from UH Royal Caribbean last week. Nonetheless,
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  Speaker 1: I mean you saw declines across the board in cruise
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  Speaker 1: line owners. Norwegian shares down almost twelve percent on the day,
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  Speaker 1: Royal Caribbean off almost seven percent, second biggest drop in
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  Speaker 1: the S and P five hundred and Carnival the biggest
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  Speaker 1: company in the cruise line business, their shares falling about
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  Speaker 1: three percent on the day. I just thought i'd do
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  Speaker 1: Coach because you mentioned it earlier. Coach shares down today
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  Speaker 1: about two and a quarter percent. The company says it
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  Speaker 1: is pulling its products from department stores across the United States.
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  Speaker 1: UH Coach is going to close about of its department
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  Speaker 1: store shops in order to protect its upscale revival. Having
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  Speaker 1: said that North American comps did increase and they did
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  Speaker 1: top estimates. Having said that, though there's still a big
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  Speaker 1: effort on the part of the company to revamp itself
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  Speaker 1: and turn it around. The Coach sales they're rising, but
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  Speaker 1: the stock falling today down two and a quarter percent
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  Speaker 1: was as you mentioned Coach. Let's just follow up with
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  Speaker 1: the Gap. It's all about July sales figures there. UH
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  Speaker 1: sales its stores open more than a year fell four
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  Speaker 1: percent last month. There's a bigger decline in same story sales,
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  Speaker 1: and analysts expected GAP coming up short at its namesake chain,
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  Speaker 1: Old Navy and Banana Republic. So all three of the
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  Speaker 1: retailers under the gap banner UH coming up short last month,
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  Speaker 1: and UH gap shares following six point three percent on
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  Speaker 1: the day, Dart, let's just stick with retail a little bit.
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  Speaker 1: Under Armour shares down a little bit more than one
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  Speaker 1: percent today. One of the board members, chief performance officer,
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  Speaker 1: former u A chief performance officer, Brian Adams, he sold
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  Speaker 1: a little bit more than thirty four thousand shares. Uh,
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  Speaker 1: he still retains forty six thousand shares. The stock down
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  Speaker 1: about four percent a year to date, but the shares
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  Speaker 1: today under Armour down about one percent. Also to note
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  Speaker 1: about under Armour is the issue about sports authorities bankruptcy.
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  Speaker 1: Under Armor saying to investors, stop worrying about the bankrupcy
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  Speaker 1: and they don't expect it to have a material effect.
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  Speaker 1: Once again, shares of under Armor down one percent. Scripts
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  Speaker 1: Network interacted as I mentioned that Royal carribing was the
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  Speaker 1: second worst performer in the s and people I'm under
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  Speaker 1: let's talk about the worst one, and that was Indeed.
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  Speaker 1: Scripts is the company that owns HDTV, the Food Network,
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  Speaker 1: several other cable channels. You know, earnings for their second
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  Speaker 1: quarter beating us and it's revenue though coming up short. Uh.
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  Speaker 1: Some concern about what's happening with their advertising revenue that
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  Speaker 1: perhaps uh, they're taking a bit of a hit there
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  Speaker 1: and you put that all together in Scripts Networks Interactive,
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  Speaker 1: following seven point one percent on the day. Well, and
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  Speaker 1: let's just conclude here with Monster Worldwide shares higher by
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  Speaker 1: more than twenty six percent after Round stud Holding agreeing
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  Speaker 1: to pay four nine million dollars for the job site
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  Speaker 1: Monster Worldwide UH one of the first e commerce companies
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  Speaker 1: to go public back in the nine nineties, and they
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  Speaker 1: are are going to acquire the company Monster based in Weston, Massachusetts.
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  Speaker 1: Shares of Monster Worldwide up more than twenty six percent today. Alright,
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  Speaker 1: it's time now for the Volatility Index Report. It's brought
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  Speaker 1: vix UH. The VIX today higher up about one and
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  Speaker 1: a half percent, gaining zero point one eight, settling at
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  Speaker 1: eleven point seven. Oh and just to note that hedge
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  Speaker 1: funds and other big traders that attract by the Commodity
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  Speaker 1: Futures Trading Commission, they've pushed net short positions on the
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  Speaker 1: VIX on VIX futures to a hundred and fifteen thousand contracts.
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  Speaker 1: This is the most since all right, Dave here, Hi,
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  Speaker 1: my name is Dave. We just what do you think
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  Speaker 1: you're doing. We're going for the down day. Hey, Mr Wilson,
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  Speaker 1: tell us about what's going on with Neverro. This is uh, well,
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  Speaker 1: you've been tracking I p o s for a long time.
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  Speaker 1: Tell us about never This has been a very successful
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  Speaker 1: initial public offering, no question never as a maker of
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  Speaker 1: implantable devices that are designed to relieve chronic pain through
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  Speaker 1: spinal cords stimulation. The company was founded in two thousand
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  Speaker 1: seven and backed by Johnson and Johnson, which is now
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  Speaker 1: second largest shareholder. Neverro trades under the ticker n v
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  Speaker 1: r OH that's Nevro without the E. The company went
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  Speaker 1: public in November eighteen dollars a share. Stock rose on
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  Speaker 1: its first day of trading and kept climbing from there. Today,
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  Speaker 1: never surpassed ninety dollars for the first time after second
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  Speaker 1: quarter results were well received. While the company had an
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  Speaker 1: adjusted loss of twenty eight cents a ship air, it
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  Speaker 1: was the smallest lossens going public. Was also narrower than
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  Speaker 1: the average analyst estimate in the Bloomberg Survey and Never's
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  Speaker 1: revenue surpassed the average projection by twenty two percent. The
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  Speaker 1: company raised its full year sales forecast above analyst's highest estimate,
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  Speaker 1: and the results and outlook sent Neverro's shares to their
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  Speaker 1: biggest one day game since May of last year. So
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  Speaker 1: you're talking fifteen months. Shares rose almost seventeen percent, closed
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  Speaker 1: at ninety four dours and fifty six cents, and traded
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  Speaker 1: for as much as ninety four ninety four. Well, don
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  Speaker 1: thank you very much. Dave Wilson, Bloomberg Stocks Thomas. You
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  Speaker 1: send him an email at d Wilson at Bloomberg dot net,
• 11:43
  Speaker 1: become a smarter investor and sign up for his daily
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  Speaker 1: free email newsletter and follow him on Twitter at the
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  Speaker 1: one Dave. This is taking stock. I'm pim Fox. We
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  Speaker 1: await the results from the Walt Disney Company. We've got
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  Speaker 1: details coming up. This is Bloomberg. Bloomberg. Taking Stock has
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