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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 Block from Bloomberg World Headquarters.
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  Speaker 1: I'm Charlie, tell Cadal the SMPNZDAC all climbing today, best
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  Speaker 1: level of the day at the close, they are a
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  Speaker 1: surge right into the final few minutes of trading. Folks
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  Speaker 1: from Southwest Airlines ringing that closing bell and we are
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  Speaker 1: brought to you by Brooks Brothers Big Event. Their semi
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  Speaker 1: annual sale is going on now through June twenty. Shop
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  Speaker 1: early for the best selection. Visit Brooks Brothers dot com
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  Speaker 1: to shop the entire collection or to find the location
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  Speaker 1: closest to you. SMP five hundred index having its strongest
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  Speaker 1: gain in a month of one point three percent today,
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  Speaker 1: picking up twenty seven points to twenty one thirteen. The
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  Speaker 1: nastac Compositive indecks up seventy six points to a gain
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  Speaker 1: there of one point six percent. Down Industrials eighteen thousand
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  Speaker 1: eight is where the down stands on this Thursday, up
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  Speaker 1: two hundred twenty eight points, an advanced there of one
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  Speaker 1: point three percent. Tenure down sixteen thirty seconds yield one
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  Speaker 1: point seven four percent, goal down eleven three oh the
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  Speaker 1: ounce the drop of nine tenths of one percent, and
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  Speaker 1: crude oil up barrel fifty o eight again of one
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  Speaker 1: point nine percent. The US May Index of leading indicators
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  Speaker 1: fell two tenths of one percent. Ken Goldstein is an
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  Speaker 1: economist at the conference Board. He was our guest today
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  Speaker 1: right here on taking stock. What we see is what
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  Speaker 1: we saw last month, in the month before, and very
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  Speaker 1: likely next month in the month after that. And that
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  Speaker 1: is an economy. It's not losing steam, is not picking
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  Speaker 1: up steam. So we just continue to muddle along. That's
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  Speaker 1: what the coincident Economic Index, the number that tells us
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  Speaker 1: we'll be all right now. That's what it's telling us,
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  Speaker 1: and the lead is telling us if you look not
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  Speaker 1: just at the last month, the last few months, this
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  Speaker 1: is just continuing to be a muddle through this summer.
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  Speaker 1: Well shares of to Willio, the maker of mobile and
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  Speaker 1: web applications backed by Bessima Venture Partners, doing anything but
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  Speaker 1: muddling through Today it shares surging first day of trading
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  Speaker 1: up ninety one point nine percent and now four o
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  Speaker 1: two on Wall Street. Let's take a look at other
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  Speaker 1: news from around the world right here on Bloomberg Radio. Charlie,
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  Speaker 1: Thank you from the Bloomberg news Room by Mark Crumpton.
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  Speaker 1: The U s. Supreme Court today block President Obama's signature
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  Speaker 1: executive action on immigration at a four or four tie.
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  Speaker 1: The Justice is upheld a lower court decision that the
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  Speaker 1: action was unconstitutional. Karen Tumblin is with the National Immigration Center.
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  Speaker 1: We're deeply disappointed in the result, which is justice by default,
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  Speaker 1: not true justice or grappling with the tough legal issues,
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  Speaker 1: and we're calling on the United States Department of Justice
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  Speaker 1: to seek rehearing. In this case, the immigration action would
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  Speaker 1: have deferred the deportation of millions of undocumented immigrants. Where
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  Speaker 1: do we go from here? That the question Bernie Sanders
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  Speaker 1: says he'll focus on during his press conference in New
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  Speaker 1: York City today. Sanders acknowledged yesterday that he realizes he's
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  Speaker 1: not going to be the Democratic presidential nominee. British citizens
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  Speaker 1: are voting today in a referendum on the country's membership
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  Speaker 1: in the European Union. UK law prevents us from reporting
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  Speaker 1: on voting or discussion and analysis of referendum issues while
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  Speaker 1: the polls are open, but will be following the results
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  Speaker 1: as they come in. Special coverage begins at five pm
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  Speaker 1: Wall Street Time here on Bloomberg Radio. Residents across the
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  Speaker 1: Midwest are cleaning up following severe thunderstorms last night. This
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  Speaker 1: man was in Pontiac, Illinois when a twister rolled through.
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  Speaker 1: Got heard the alarms and everything, and everybody was up
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  Speaker 1: and like a black snake, And thirty seconds later is
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  Speaker 1: all over. At least four tornadoes ripped through the region.
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  Speaker 1: Global News twenty four hours a day, powered by more
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  Speaker 1: than twenty hundred journalists and analysts in more than one countries.
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  Speaker 1: I'm more Crumpton. This is Bloomberg, Charlie, and we thank you,
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  Speaker 1: and again recapping stock surging with the SMP five hundred
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  Speaker 1: index rallying twenty seven points to thirteen, up one point
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  Speaker 1: three percent. Down in dust reels also climbing one point
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  Speaker 1: three percent up two d thirty points. Nan stack up
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  Speaker 1: today by one point six percent. I'm Charlie Pellett, and
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  Speaker 1: that's a Bloomberg Business flash. Move around motion creates some motion.
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  Speaker 1: Move you move like they do. I've never seen anyone
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  Speaker 1: move that back five vehic let's move like to get
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  Speaker 1: a purpose is called movers and shakers. It costs a
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  Speaker 1: little more about that name. Cracked me up. Bloomberg taking
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  Speaker 1: stock movers and Shakers with bim box and Dad Lina's
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  Speaker 1: on Bloomberg Radio Movers and Shakers for Thursday June the
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  Speaker 1: twenty three six, four hundred and sixty six issues in
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  Speaker 1: the SMP five hundred move higher, thirty seven decline and
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  Speaker 1: to remain unchanged. Here to date, the SMP fire is
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  Speaker 1: up three point two per cent. Dave Wilson, Bloomberg Stocks commist,
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  Speaker 1: joining us now to begin our movers and shakers. Dave
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  Speaker 1: best performer on the day in the standpoors five hundred,
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  Speaker 1: and it wasn't even close. Micron Technology, the maker of
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  Speaker 1: memory chips. He had a couple of analysts raising their
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  Speaker 1: ratings on the stock. The more dramatic of the two,
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  Speaker 1: you might say, occurred at NOMA, which raised Micron to
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  Speaker 1: buy from the equivalent of cell. They're talking about shortages
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  Speaker 1: of the chips, higher prices. Micron also lifted to buy
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  Speaker 1: from the equivalent of whole. That's susquehanna. Now you put
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  Speaker 1: those two calls together, you end up with a style
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  Speaker 1: in Micron Technology that rose ten a half percent in
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  Speaker 1: today's training. Well, have you guys ever noticed how I
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  Speaker 1: love to look at retailers. Well, I'm looking at Macy's today.
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  Speaker 1: The stock is up about one and three quarters percent,
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  Speaker 1: thirty three dollars and change. They've picked a career insider
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  Speaker 1: to be their next chief executive officer. They are betting, maybe, hoping,
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  Speaker 1: and praying that a manager with a background and merchandise
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  Speaker 1: can figure out a way finally to reinvent the venerated,
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  Speaker 1: struggling though department store change. This man is Jeff Gannette.
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  Speaker 1: He is a thirty three year company veterom. He's going
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  Speaker 1: to take over the top post from Terry Londgren in
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  Speaker 1: the first quarter of twenty seventeen. Mr London, turning sixty five,
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  Speaker 1: will remain executive chairman after fourteen years at the Helm,
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  Speaker 1: and we'll see if the new guy can do what
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  Speaker 1: the old guys been trying to do for a while.
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  Speaker 1: I'm going to talk about airlines. Southwest Airlines down one
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  Speaker 1: and a half percent today. This comes after the company
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  Speaker 1: announces delay in its new seven three seven Max jetliners
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  Speaker 1: from Boeing. They were going to take delivery of sixties
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  Speaker 1: seven of them. They have postponed that delivery and the
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  Speaker 1: airline Southwest chief financial officer cited a soft and environment. Indeed,
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  Speaker 1: they spoke of a challenging environment, and they said that
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  Speaker 1: they are delaying the the purchase. I beg your pardon
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  Speaker 1: delaying the delivery. They've already got the purchase, delaying the
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  Speaker 1: delivery of those sixty seven Boeing seven three seven Max jetliners.
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  Speaker 1: Southwest Air down one and a half percent. We'll talk
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  Speaker 1: about fertilizer. You know, you basically have a couple of
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  Speaker 1: big companies here in North America and they're competing with
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  Speaker 1: companies state run in Russia and Belarus. Well, we got
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  Speaker 1: some news out of those Eastern European countries today, Belarus
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  Speaker 1: saying Russia's iroqally is ready to form a sales alliance
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  Speaker 1: for pot as, one of the most widely used forms
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  Speaker 1: of fertilizer. On top of that, Belarusian President Alexander Lukashenko
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  Speaker 1: said his country signed a potash supply contract with India.
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  Speaker 1: So positives for the industry, positives for the North American
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  Speaker 1: companies that make potash. You've got Potash Corpus Saskatchewan a
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  Speaker 1: five percent in US trading, and Mosaic with a gain
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  Speaker 1: of four points seven percent. Wow, big day for black
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  Speaker 1: Berry now. Granted, the share prices only only I should
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  Speaker 1: say with quotation mark surrounded up to seven bucks at
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  Speaker 1: the close, but it's a gain of three point nearly
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  Speaker 1: three point nine percent. In fact, the stock was up
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  Speaker 1: as much as four and a half percent today after
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  Speaker 1: it forecast better than expected profit uh insisting it was
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  Speaker 1: a way to make us ever shrinking phone business profitable again.
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  Speaker 1: Our own John Butler, senior telecom services and equipment analyst
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  Speaker 1: at Bloomberg Intelligence, was on the show earlier today, noting
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  Speaker 1: that BlackBerry strategy now is to turn itself from a
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  Speaker 1: hard or handset maker more and more into a software company,
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  Speaker 1: h increasing software sales, but also so find a way
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  Speaker 1: to bring some profitability from their shrinking smartphone division. PIM,
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  Speaker 1: and I'll just tell you a little bit about Lucadia National,
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  Speaker 1: of course, owner of Jeffreys Group, posting a fifty surge
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  Speaker 1: in bond trading revenue. That's the biggest increase since the
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  Speaker 1: third quarter, and that helped the firm recover from the
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  Speaker 1: loss in the previous three months. Shares of Lucadia National
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  Speaker 1: higher today by nearly five Well, it is time now
• 9:32
  Speaker 1: for the volatility index report, and it's brought to you
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  Speaker 1: The VIX closing lower today, down some nearly four points
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  Speaker 1: to seventeen point four two UH. The vix UH is
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  Speaker 1: reversing some recent moves we've seen lately, is still on
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  Speaker 1: track the for its biggest monthly climb since a record
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  Speaker 1: surge in August. All right, Dave, you're up. Hi, my
• 10:07
  Speaker 1: name is Dave. Just what do you think you're doing.
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  Speaker 1: We're going for a pownil Dave Hey, Mr Wilson, tell
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  Speaker 1: us about a company that has products in medical applications, paving, roofing,
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  Speaker 1: as well as specialty gaels. We're talking about Craton performance
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  Speaker 1: polymers that make all these chemicals. They were once owned
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  Speaker 1: by the World That's Shell and taken public by the
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  Speaker 1: private equity firm TPG in two thousand nine. Shares are
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  Speaker 1: listed under the ticker k r A. It's the first
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  Speaker 1: three letters of their first name. Creates on more than
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  Speaker 1: triple in the first fifteen months of trading. Most of
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  Speaker 1: those games were gone within months because a disappointed results.
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  Speaker 1: So since then the stock has swung back and forth
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  Speaker 1: in a trading range. Createtime near the high end of
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  Speaker 1: the range. Today, after gating support from sun Trust Robinson Humphrey,
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  Speaker 1: the only Wall Street firm with a by rate on
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  Speaker 1: the stock, UH SunTrust anast Jason Fructel raised his twelve
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  Speaker 1: month price estimate by thirty four percent to thirty nine dollars.
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  Speaker 1: He wrote in a report that Createson is poised to
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  Speaker 1: meet earnies and cost cutting goals after completing a one
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  Speaker 1: point four billion dollar purchase of Arizona Chemical, which makes
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  Speaker 1: pine based products. So you're talking about renewables. Uh I
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  Speaker 1: should point out key Bank and mcquarie recommend holding Createson,
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  Speaker 1: while UVS says sal that said buying was the order
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  Speaker 1: of the day. Today, the stock rose seven point eight
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  Speaker 1: percent and closed at its highest price since March twelve.
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  Speaker 1: Dave Wilson, thank you so very much, our stocks editor,
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  Speaker 1: and you can follow him on at the One Dave.
• 11:45
  Speaker 1: You can follow me at Kathleen Drew score hayes Hey,
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  Speaker 1: he's at pim Fox. You can do hashtag taking stock.
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  Speaker 1: This is at Bloomberg Radio had a whole lot more
• 11:54
  Speaker 1: coming up. The bank stress tests inaugurated on and initiated
• 11:59
  Speaker 1: and done today by the FED. Those results coming out
• 12:02
  Speaker 1: and will be analyzing them. Bloomberg taking Stock is brought
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