Latest / Bloomberg Intelligence / Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

Transcript

Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio) · Bloomberg Intelligence

• 0:03
  Speaker 1: Global business news twenty four hours a day. It's Bloomberg
• 0:06
  Speaker 1: dot COM's the radio plus mobile and on your radio.
• 0:10
  Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters.
• 0:14
  Speaker 1: I'm Charlie Pellot, Folks from the conference board, ringing that
• 0:17
  Speaker 1: closing belt at the New York Stock Exchange on a
• 0:20
  Speaker 1: record setting day for stocks. And this update is brought
• 0:23
  Speaker 1: to you by National Realty Providers of Satisfaction guaranteed New
• 0:29
  Speaker 1: York City realty investments. See them at n r I
• 0:32
  Speaker 1: A dot net equities climb for a third day as
• 0:36
  Speaker 1: Alcah's results bolstered optimism on corporate health and at the
• 0:39
  Speaker 1: start of earning season, Alcoa shares up today by five
• 0:43
  Speaker 1: point three three percent after the aluminum producer posted a
• 0:46
  Speaker 1: profit that beat Annaly ass estimates kicking off the quarterly
• 0:49
  Speaker 1: reporting period. Jonathan got of his chief market strategist at
• 0:53
  Speaker 1: RBC Capital Markets. He was our guest minutes ago right
• 0:56
  Speaker 1: here on taking stock. If you look at the yield
• 0:59
  Speaker 1: on stocks, if you look at dividends plus buy backs,
• 1:01
  Speaker 1: it's yielding four point seven percent at a time where
• 1:05
  Speaker 1: treasury is right now, I think, according to Bloomberger, about
• 1:07
  Speaker 1: one point five, and you know there's just too wide
• 1:11
  Speaker 1: a gap between those, and it forces people in the
• 1:14
  Speaker 1: Other thing is, companies are doing a brilliant job of
• 1:18
  Speaker 1: managing in a low revenue environment, of squeezing out more profits,
• 1:23
  Speaker 1: more cash fal as returning it to shareholders to black Rock.
• 1:25
  Speaker 1: JP Morgan Chase and City Group are among firms releasing
• 1:28
  Speaker 1: results this week. JP Morgan Chase up one and a
• 1:31
  Speaker 1: half percent, city Group shares advancing two point seven percent. Commodity,
• 1:36
  Speaker 1: energy and transportation stocks posting among the biggest games today.
• 1:40
  Speaker 1: American Airlines, for example, UH surging today by eleven point
• 1:44
  Speaker 1: to three percent, best days since the least December of
• 1:48
  Speaker 1: two thousand thirteen, Gold down twenty ninety the ounce to
• 1:52
  Speaker 1: thirteen thirty three, a drop of one point seven percent,
• 1:55
  Speaker 1: Tenure down twenty four thirty seconds, yield there one point
• 1:58
  Speaker 1: five one percent, SMP five D Indecks up four fifty two,
• 2:04
  Speaker 1: a gain of points seven percent down, industrials up one points,
• 2:08
  Speaker 1: a gain of seven tenths of one percent, and nan
• 2:10
  Speaker 1: Stack up also by seven tenths of one percent four
• 2:14
  Speaker 1: oh two on Wall Street. Now, let's take a look
• 2:16
  Speaker 1: at other news from around the world. On Bloomberg, Charlie.
• 2:20
  Speaker 1: Thank you from the Bloomberg news Room, I Mark Crumpton.
• 2:23
  Speaker 1: This news update is brought to you by the Jeep
• 2:25
  Speaker 1: Grand Cherokee, the most awarded suv ever. The Grand Cherokee
• 2:29
  Speaker 1: continues to raise the bar with its luxurious interior and
• 2:33
  Speaker 1: legendary four by four capability. Drive one at your local
• 2:37
  Speaker 1: Jeep dealer. Today, President Obama led mourners at an interfaith
• 2:41
  Speaker 1: service in Dallas, where five police officers slain last week
• 2:45
  Speaker 1: were remembered as heroes. When the bullets started flying the
• 2:50
  Speaker 1: men and women of the Dallas Police, they did not flinch.
• 2:54
  Speaker 1: Former President George W. Bush told mourners it's time for
• 2:58
  Speaker 1: America to renew its unity and to remember its values.
• 3:02
  Speaker 1: We have never been held together by blood or background.
• 3:07
  Speaker 1: We're bound by things of the spirit, by shared commitments
• 3:10
  Speaker 1: to common ideals. Dallas Police Chief David Brown also spoke.
• 3:14
  Speaker 1: His remarks were followed by a long, loud, standing ovation
• 3:19
  Speaker 1: A journey. General Loretta Lynch says she saw no reason
• 3:22
  Speaker 1: not to accept the FBI's recommendation to close the investigation
• 3:26
  Speaker 1: into Hillary Clinton's use of a private email server without
• 3:29
  Speaker 1: filing charges. She's been on Capitol Hill defending her decision
• 3:33
  Speaker 1: before the House Judiciary Committee. The final resting place of
• 3:36
  Speaker 1: some of the nation's most distinguished soldiers is being expanded
• 3:40
  Speaker 1: to provide more space. The Times Herald Record of Middletown
• 3:44
  Speaker 1: reports the nearly two hundred year old West Point Cemetery
• 3:47
  Speaker 1: is down to forty burial spaces, but a three and
• 3:50
  Speaker 1: a half million dollar expansion will add more than three
• 3:53
  Speaker 1: hundred grave sites. Global News twenty four hours a day,
• 3:57
  Speaker 1: powered by more than twenty six hundred journalists and analoge
• 4:00
  Speaker 1: us in more than one countries. I'm Mark Crumpton. This
• 4:03
  Speaker 1: is Bloomberg, Charlie, and we thank you and again recapping stocks, Advance,
• 4:08
  Speaker 1: the DOW, the SMP, NEZ Stack. We had the SMP
• 4:11
  Speaker 1: and the DOW both the records today, Nez Stack up
• 4:14
  Speaker 1: thirty four points to five thousand, twenty two, a gain
• 4:17
  Speaker 1: of seven tenths of one percent. I'm Charlie Palatin. That's
• 4:20
  Speaker 1: a Bloomberg business flash. Move around. Motion creates the motion
• 4:25
  Speaker 1: at the elite move you moved like they do. I've
• 4:30
  Speaker 1: never seen anyone move that back hard people. Let's move
• 4:36
  Speaker 1: like to get a purpose that He's called movers and shakers.
• 4:44
  Speaker 1: They cost a little more about that name cracked me up.
• 4:52
  Speaker 1: Bloomberg taking stock Movers and Shakers with pim Fox and
• 4:57
  Speaker 1: Kathleen As on Bloomberg Radio. Movers and Shakers for Tuesday,
• 5:01
  Speaker 1: July the twenty sixteen, three hundred and seventy five members
• 5:06
  Speaker 1: of the SMP five move higher, one hundred and twenty
• 5:10
  Speaker 1: eight decline and to remain unchanged. I want to bring
• 5:13
  Speaker 1: in Dave Wilson Bloomberg stocks Commas to kick off our
• 5:16
  Speaker 1: Movers and Shakers day. Might as well follow up on
• 5:19
  Speaker 1: yesterday the chart of the Day talking about how Amazon
• 5:23
  Speaker 1: dot Com had passed Berkshire Hathway to become the fifth
• 5:26
  Speaker 1: largest the US company and worldwide company by market value. Well,
• 5:31
  Speaker 1: they reversed today. As Amazon carried out Prime Day, an
• 5:36
  Speaker 1: annual promotion, they ran into some snags on their website
• 5:40
  Speaker 1: early in the day that prevented shoppers from adding items
• 5:44
  Speaker 1: to their online carts. UH Channel advisor, firm that helps
• 5:49
  Speaker 1: merchants sell on online marketplaces such as Amazon, said third
• 5:54
  Speaker 1: party merchant sales through New and Eastern Time today we're
• 5:57
  Speaker 1: basically unchanged from what they were last year, which was
• 6:02
  Speaker 1: the first time that Amazon held this Prime Day. So
• 6:04
  Speaker 1: you know, some concern perhaps that the promotion won't be
• 6:08
  Speaker 1: as successful as some folks might have expected. Amazon down
• 6:12
  Speaker 1: three quarters of a percent. Today's trading closes of the
• 6:14
  Speaker 1: market value with three hundred fifty three billion dollars Berkshire Hathaway.
• 6:18
  Speaker 1: By contrast, Warren Buffet's company up half a percent at
• 6:21
  Speaker 1: three hundred and fifty six point seven billion dollars in
• 6:24
  Speaker 1: market value. I'm going to tell you about Seagate Technology.
• 6:28
  Speaker 1: The shares of Seagate Technology up more than twenty one
• 6:30
  Speaker 1: percent today. It's a gain of five dollars and twenty
• 6:33
  Speaker 1: six cents a shared at twenty nine thirty five. Why. Well,
• 6:37
  Speaker 1: a few weeks ago the company said it would cut jobs,
• 6:40
  Speaker 1: and it also cut fifteen or six hundred workers rather
• 6:44
  Speaker 1: and yesterday on Monday, it said it was cut another
• 6:48
  Speaker 1: sixty five hundred jobs over the next year. Together, that
• 6:50
  Speaker 1: equals about one out of every five employees at Seagate
• 6:54
  Speaker 1: will be getting a pink slip. And at the same time,
• 6:57
  Speaker 1: the company gave us a little bit of a sneak
• 6:59
  Speaker 1: pe at their completed fiscal fourth quarter, revenue and profits
• 7:04
  Speaker 1: were both better than estimated. Shares of Seagate Technology up
• 7:09
  Speaker 1: more than twenty one percent today, well, we've got news
• 7:12
  Speaker 1: out of Teva Pharmaceutical, the Israelia maker of generic drugs
• 7:16
  Speaker 1: that's gone more into brand name products. Their second quarter
• 7:19
  Speaker 1: preliminary results are out adjusted earnings of a dollar nineteen
• 7:24
  Speaker 1: to a dollar twenty two a share. That's higher than
• 7:27
  Speaker 1: the company anticipated revenue about five billion dollars. Also a
• 7:33
  Speaker 1: little bit higher than Tever's projections. Uh. The stock is
• 7:37
  Speaker 1: at the moment of two point three percent in late
• 7:40
  Speaker 1: trading in the wake of those results. I'm gonna tell
• 7:43
  Speaker 1: you about airline stocks. Shares of airline stocks move higher today.
• 7:48
  Speaker 1: American Airlines up eleven percent, Delta Airlines up five and
• 7:53
  Speaker 1: a half percent, United Continental up nearly nine percent, followed
• 7:57
  Speaker 1: by Alaska Air Group up five percent. And why well,
• 8:01
  Speaker 1: perhaps it is a change in sentiment at Deutsche Bank.
• 8:04
  Speaker 1: Shares of all of the airlines soaring after Deutsche Bank
• 8:07
  Speaker 1: turned bullish on the major air carriers, the analyst there,
• 8:10
  Speaker 1: Michael Lennenberg, upgrading all three carriers to a buy from
• 8:14
  Speaker 1: a hold, on the belief that all the known macro
• 8:17
  Speaker 1: and industry headwinds such as Brexit lackluster global economic growth
• 8:22
  Speaker 1: has already been fully baked into the share prices. Once again.
• 8:26
  Speaker 1: The shares of American Airlines up more than eleven percent today.
• 8:31
  Speaker 1: MC Entertainment Holdings, now this is the movie theater chain
• 8:34
  Speaker 1: controlled by Chinese billionaire Wang Jen Lenz Dallian Wanda Group.
• 8:39
  Speaker 1: They made a deal to buy the U K's Odeon
• 8:42
  Speaker 1: and U c I Cinemas group for one point two
• 8:45
  Speaker 1: billion dollars in cash and stock, and in response, AMC
• 8:49
  Speaker 1: shares rose seven point three percent on the day. Now,
• 8:53
  Speaker 1: what's interesting here beyond that is that AMC said a
• 8:56
  Speaker 1: seven hundred and fifty million dollar deal to buy Carmikes
• 9:00
  Speaker 1: Cinemas is at considerable risk. You know, the stock was
• 9:04
  Speaker 1: down for most of the day, Carmike shares, and yet
• 9:08
  Speaker 1: in late trading, Uh, there are some comments out of
• 9:12
  Speaker 1: AMC's chief executive uh Adam Arain talking about how they're
• 9:18
  Speaker 1: willing to work with Carmike, and uh, well, they're not
• 9:21
  Speaker 1: going to raise their bid of forty dollars a share. Nonetheless,
• 9:24
  Speaker 1: at least there's a possibility you would figure of a
• 9:26
  Speaker 1: higher offer given his comments, and certainly it was taken
• 9:29
  Speaker 1: that way. Carmike Cinemas with a gain of two point
• 9:31
  Speaker 1: two percent. All right, I'll just quickly tell you about
• 9:33
  Speaker 1: Freeport mcmaran the shares of more than ten and a
• 9:36
  Speaker 1: half percent today. This comes after London copper prices climbed
• 9:40
  Speaker 1: for a third consecutive trading session, three month copper on
• 9:44
  Speaker 1: the Big A part in three month copper on the
• 9:46
  Speaker 1: London Metal Exchange, rising about four tens of a percent.
• 9:50
  Speaker 1: F c X Freeport mcmaran the shares are up ten
• 9:52
  Speaker 1: and a half percent alright time. Now for the Volatility
• 9:55
  Speaker 1: Index report. It's brought to you by cbo E VIX
• 9:57
  Speaker 1: Options and futures. Volatility can be harnessed with b o
• 10:00
  Speaker 1: E VIX options in futures see disclosures. Learn more at
• 10:03
  Speaker 1: cbo E dot com Slash Powerful Outcomes VIX. The VIX
• 10:07
  Speaker 1: hire today up three tents of a percent to point
• 10:10
  Speaker 1: oh four to thirteen point five eight and the support
• 10:14
  Speaker 1: of around thirteen twenty continues and the starcastic charts remain
• 10:19
  Speaker 1: stuck at that floor, indicating that this may be rising
• 10:23
  Speaker 1: off extreme over sold levels and there might be more
• 10:26
  Speaker 1: upside for the VIX ahead. All right, Dave, you're a
• 10:30
  Speaker 1: h Hi, my name is Dave. Just what do you
• 10:35
  Speaker 1: think you're doing? We're going for the down, will Dave?
• 10:40
  Speaker 1: Dave Hey, Mr Wilson, go ahead, tell us about your
• 10:46
  Speaker 1: stock of the day, and that would be Belmond. It's
• 10:48
  Speaker 1: one of those companies whose name isn't all that familiar,
• 10:51
  Speaker 1: even though you know it's assets. The company owns the
• 10:54
  Speaker 1: Hotel Cipriani in Venice, New York's twenty one Club, and
• 10:57
  Speaker 1: the Venice Simplon Orient Express tourist train. In fact, Belmont
• 11:01
  Speaker 1: was called Orient Express Hotels before a name changed two
• 11:05
  Speaker 1: years ago. Company shares traded under the ticker b e L.
• 11:08
  Speaker 1: They peaked back in October two thousand seven, fell as
• 11:11
  Speaker 1: much as nineties six percent in an ensuing bear market
• 11:15
  Speaker 1: in US stocks, and have yet to recoup most of
• 11:17
  Speaker 1: the loss. Today, though, Belmont rose after Star Wars Hotels
• 11:20
  Speaker 1: and Resorts founder Barry Sternlick emerged as one of its
• 11:24
  Speaker 1: largest shareholders you know. Filing late yesterday, Sternlick disclosed that
• 11:28
  Speaker 1: he had bought four point nine percent of the company's
• 11:31
  Speaker 1: Class A shares. They also have Class B, which is
• 11:34
  Speaker 1: entirely owned, as it happens, by a unit of Belmont. Now.
• 11:37
  Speaker 1: The company's Class A shares rose almost eleven percent today.
• 11:41
  Speaker 1: Who was the stocks biggest game since October twelve? Thank
• 11:46
  Speaker 1: you very much. Dave Wilson, Bloomberg stocks COMMAS go ahead
• 11:49
  Speaker 1: send him an email at d Wilson at Bloomberg dot net.
• 11:53
  Speaker 1: Sign up for his daily free email newsletter. You're listening
• 11:57
  Speaker 1: to taking Stock and this is m Berge bloomber Taking
• 12:06
  Speaker 1: Stock is brought to by kone Resnick Accounting, Tax Advisory,
• 12:09
  Speaker 1: look Ahead, gain inside, imagine more the professionals at Cone
• 12:12
  Speaker 1: Resnick and help your business breakthrough. Find out more at
• 12:15
  Speaker 1: Cone Resnick dot com