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 Stourty four hours a day. If Bloomberg
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  Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters.
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  Speaker 1: I'm Charlie. Tell up the valve the SMP nez deak
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  Speaker 1: Hall move higher, Folks from y M and y W
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  Speaker 1: h A ringing that closing bell stock surge. SMP five
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  Speaker 1: index gaining after the latest polls showed the UK campaigns
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  Speaker 1: remain in the European Union is gaining ground before Thursday's referendum.
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  Speaker 1: Stephen Casey is far in exchange trader at Cambridge Global Payments.
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  Speaker 1: He was our guests this afternoon talking about f f
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  Speaker 1: X right here on taking stock. You have to wonder
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  Speaker 1: about the time of the year. It's the summer. Markets
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  Speaker 1: have thinned out a little bit, desks are half staffed,
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  Speaker 1: so even if without the Brexit, we would see a
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  Speaker 1: little bit ramp up in volatility. So UM, despite what
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  Speaker 1: happens on Thursday, we should see um a little bit
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  Speaker 1: of a follow through into early next week on either side.
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  Speaker 1: SMP five h IT index up twelve to end the
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  Speaker 1: Monday session at two thousand and eighty eight to gain
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  Speaker 1: of six tents of one percent, as stack up thirty
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  Speaker 1: six a gain of eight tenths of one percent. Down
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  Speaker 1: industrials up one thirty points, a gain of seven tenths
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  Speaker 1: of one percent. The tenure down eighteen thirty seconds, with
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  Speaker 1: the yield of one point six six percent. Gold down
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  Speaker 1: a dollar ninety the ounce to twelve ninety two ninety
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  Speaker 1: have dropped there of two tents of one percent. Crude
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  Speaker 1: oil of a dollar nineteen of arrow West Texas Intermediate
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  Speaker 1: fort nineteen now a gain of two and a half percent.
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  Speaker 1: Facebook shareholders have reelected all eight members of the Social
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  Speaker 1: Networks Board, including Peter Thiel, the investor backing a controversial
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  Speaker 1: lawsuit against Gawker. Scott Kessler is ahead of tech sector
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  Speaker 1: equity research at SMP. He was also our guest today
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  Speaker 1: right here on taking stock. They're worth some concerns about
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  Speaker 1: this shareholder meeting and what to potentially come out of it.
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  Speaker 1: The other thing is, I think folks are increasingly concerned
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  Speaker 1: about competition. It seems like there's a lot to talk
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  Speaker 1: about Snapchat and whether Snapchat is let's say, taking some
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  Speaker 1: users and engagement away from if not Facebooks and perhaps
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  Speaker 1: definitely Instagram and Facebook shares up today by three tenths
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  Speaker 1: of one percent. Four oh two on Wall Street. Now
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  Speaker 1: we'll look at other news from around the world on
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  Speaker 1: Bloomberg Radio. Charlie, thank you from the Bloomberg News room.
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  Speaker 1: I'm more Crumpton. President Obama is telling the world to
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  Speaker 1: bet on America. Speaking at the Select USA Investments Summit
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  Speaker 1: in Washington, the President told foreign investors there's no better
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  Speaker 1: time to put money into the US. If you could
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  Speaker 1: choose any place and time to invest, your business is
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  Speaker 1: precious resources. I believe you choose right here, right now.
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  Speaker 1: Two high ranking New York Police Department officers, Deputy Chief
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  Speaker 1: Michael Harrington and Deputy Inspector James Grant, have been arrested
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  Speaker 1: on charges accusing them of taking one hundred thousand dollars
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  Speaker 1: worth of free flights, prostitute it's expensive meals, and other
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  Speaker 1: bribes in exchange for providing what's called a private police
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  Speaker 1: force for local businessmen. When you needed to get somewhere quick,
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  Speaker 1: they called on Grant and Harrington for a police escort,
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  Speaker 1: and they got it. Life's sirens at all. When they
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  Speaker 1: wanted to go to a parade or other important event
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  Speaker 1: in the city, they got v i P access courtesy
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  Speaker 1: of Grant and Harrington U S Attorney pre Berarra. Officials
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  Speaker 1: also say that a local businessman has been charged with
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  Speaker 1: conspiracy to commit honest services wire fraud. The Supreme Court
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  Speaker 1: has refused to question assault rifle bands in New York
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  Speaker 1: and Connecticut. Justice has turned away two separate appeals. The
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  Speaker 1: court left intact rulings that said the bands comply with
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  Speaker 1: the constitutional right to bear arms New York, in Connecticut
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  Speaker 1: or among seven states that outlaw weapons similar to the
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  Speaker 1: ones used in the Orlando, Florida nightclub massacre. Global News
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  Speaker 1: twenty four hours a day, powered by our journalists in
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  Speaker 1: more than one hundred that the news bureaus around the
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  Speaker 1: world from the Bloomberg news Room. My More Crumpton, Charlie,
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  Speaker 1: and we thank you, and again recapping stocks higher SMP
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  Speaker 1: five hundred index, climbing twelve points to end today's session
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  Speaker 1: at two thousand eighty three, a gain of six tenths
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  Speaker 1: of one percent. I'm Charlie Pellett, and that's a bloombard
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  Speaker 1: business flash move around most grade promotion. I fear move
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  Speaker 1: you moved like they do. I've never seen anyone move
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  Speaker 1: that fast. Hard people let's move like you've got a purpose.
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  Speaker 1: That was called movers and shakers. It costs a little more.
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  Speaker 1: That name cracked me up. Bloomberg taking stock movers and
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  Speaker 1: Shakers with Pim Fox and Kathleen As on Bloomberg Radio,
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  Speaker 1: moving and shake into a very strong close today. If
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  Speaker 1: you look inside the S and P five hundred, you
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  Speaker 1: can see that four hundred and nine companies had their
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  Speaker 1: stripe share prices closed higher, ninety five lower, only one unchanged.
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  Speaker 1: Our stock editor Dave Wilson is back to kick it
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  Speaker 1: off force. What's your what's the top of your list? Well,
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  Speaker 1: how about a stock that actually fell intoday's trading, talking
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  Speaker 1: about CVS Health. This is the company that owns drug
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  Speaker 1: stores and administers pharmacy benefits. They were lowered to the
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  Speaker 1: equivalent of whole from buy It Morgan Stanley. The firms
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  Speaker 1: cited increasing competition and the benefit business from United healths
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  Speaker 1: optim units. So that didn't go over so well. CVS
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  Speaker 1: Health with a loss of one point seven percent on
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  Speaker 1: a day when most stocks closed higher. I was also
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  Speaker 1: looking at the express Scripts right, because the shares of
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  Speaker 1: expressed Scripts also falling today, down about a half a percent.
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  Speaker 1: I think that was also the subject of the same
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  Speaker 1: Morgan Stanley note having to do with those healthcare stocks
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  Speaker 1: and increased the competition. I was going to tell you
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  Speaker 1: about the Win Resorts. Shares of Wind Resorts down about
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  Speaker 1: two and a half a percent. Is has to do
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  Speaker 1: with the Macau Macau lagging behind Las Vegas in terms
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  Speaker 1: of top tier hotel rooms, and of course Win Resorts
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  Speaker 1: an operator there. Win Resorts down more than two and
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  Speaker 1: a half percent today. So were you one of the
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  Speaker 1: one in five US television households that watched the Cleveland
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  Speaker 1: Cavaliers Cliff Hanger victory over the Golden State Warriors in
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  Speaker 1: Game seven of the NBA Finals, Well, I was. Uh.
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  Speaker 1: He was the most watch sports telegrast on Walt Disney's
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  Speaker 1: ABC or ESPN in a decade. As our own Bloomberg
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  Speaker 1: News Jerry Smith, it underscores the poll of live sports
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  Speaker 1: for audiences and advertising. Certainly a win for Lebron James
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  Speaker 1: and the Cleveland Cavaliers in the city of Cleveland, but
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  Speaker 1: also for Walt Disney. Uh. This broadcast drew an eighteen
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  Speaker 1: point nine overnight rating. I bet the presidents who are
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  Speaker 1: going to be debating hope they get ratings like that
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  Speaker 1: highest rated game ever for the Wave on ABC, and
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  Speaker 1: in fact it was notable, notable because the game competed
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  Speaker 1: with a much anticipated pen ultimate episode of season six
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  Speaker 1: of HBO's Game of Thrones. Not a huge move for Disney,
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  Speaker 1: but it is significant one. It's up about point six
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  Speaker 1: percent to ninety nine bucks and change days. I want
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  Speaker 1: to talk about j D dot Com. This is a
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  Speaker 1: Chinese online retailer competing with the likes of Ali Baba
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  Speaker 1: Group Holding. Well, they're going to get some help from
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  Speaker 1: the world's largest retailer, Walmart Stores. They made a deal
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  Speaker 1: under which j D dot Com will take ownership of Walmart.
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  Speaker 1: How Dan online marketplace, the Chinese branch of Sam's Club,
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  Speaker 1: the warehouse unit of Walmart, will open a store on
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  Speaker 1: j D dot Com. The two companies will link up
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  Speaker 1: their supply chains, and Walmart will buy a five cent
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  Speaker 1: stake in j D dot Com. You put that all
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  Speaker 1: together and you've got a stock that rose four point
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  Speaker 1: six percent in US trading. Talking j D dot Com
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  Speaker 1: there and taking a quick look at Walmart to see
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  Speaker 1: how it did in the wake of this agreement. Well,
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  Speaker 1: the shares up just two tents of a percent, but
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  Speaker 1: higher I'll tell you about the shares of Apple today,
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  Speaker 1: down about a quarter of a percent to lower by
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  Speaker 1: twenty three cents nine dollars and ten cents on the
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  Speaker 1: clothes for Apple. But this is an interesting point raised
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  Speaker 1: by analysis over at a credit sweez that the Apple
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  Speaker 1: shares could fall further as they are set to lose
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  Speaker 1: their waiting and be reclassified because you know, on Friday
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  Speaker 1: you get the annual reconstitution of the Russell index is
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  Speaker 1: so about one point three billion dollars more will be
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  Speaker 1: sold in Apples shares when the reconstitution actually takes place.
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  Speaker 1: Apples waiting in the rustle one thousand will roughly fall
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  Speaker 1: to about two and a half percent from about two
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  Speaker 1: and three quarters of a percent. And this is due
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  Speaker 1: to the combination of fewer shares outstanding because of shared
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  Speaker 1: buy backs and Apples smaller part of the indexes capitalization.
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  Speaker 1: Apple shares down about a quarter of a percent today,
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  Speaker 1: Just really quickly, hear, guys, you want to boost your
• 9:26
  Speaker 1: stock if your Twitter, how about buying a Magic Pony,
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  Speaker 1: a London based artificial intelligence startup to make tweeted live
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  Speaker 1: videos look more professional. If you're a Twitter addict, this
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  Speaker 1: is going to be a big help for you investors.
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  Speaker 1: Likely today Twitter up about one and a half percent. Alright,
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  Speaker 1: it's time now for the Volatility Index Report. It is
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  Speaker 1: Slash Powerful Outcomes VIX. The VIX down today, down about
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  Speaker 1: one and a half percent, lower by one point one
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  Speaker 1: eight settling at I beg your pardon, down by eight
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  Speaker 1: and a quarter percent. I do forgive me eight and
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  Speaker 1: a quarter percent to clown in. The VIX down one
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  Speaker 1: point one seven to eighteen point at twenty four. Long
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  Speaker 1: term VIX futurist positioning. It's been short since March and
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  Speaker 1: the smart money is still betting that volatility will continue
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  Speaker 1: to fall. All right, Dave, you're up. My name is Dave.
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  Speaker 1: Just what do you think you're doing? We're going for
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  Speaker 1: the price down Wilson, Dave, Mr Wilson Stabilson, tell us
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  Speaker 1: about your stock of the day, and that would be
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  Speaker 1: credit Acceptance. So this is a company that makes car
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  Speaker 1: and truck loans to less credit worthy buyers. They work
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  Speaker 1: with auto dealers, and this whole area is really boomed
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  Speaker 1: in the last few years as auto sales of rally
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  Speaker 1: me to the point we're short seller. Jim Channo said
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  Speaker 1: on bloom Television h last week that subprime model ending
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  Speaker 1: should scare the heck out of everybody. Well, you've certainly
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  Speaker 1: seen a bit of concern in Credit Acceptances stock performance
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  Speaker 1: shares trading under ticker c A c C Dammon Dann's
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  Speaker 1: much is twenty this year after rising for the past
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  Speaker 1: seven years in a row. Now Credit Acceptance is slump
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  Speaker 1: prompted Jenny Capitol to stop telling clients to sell their stock.
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  Speaker 1: Analyst John Rowan raised his rating to neutral because the
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  Speaker 1: share price fell below his fair value estimated a hundred
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  Speaker 1: seventy three dollars now. Credit Acceptance doesn't have a single
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  Speaker 1: by rating among nine analysts and Bloomberg survey, so Rowan's
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  Speaker 1: call appeared to get people's attention. The stock rose as
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  Speaker 1: much as twelve percent today and closed with a gain
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  Speaker 1: of six point seven percent, the biggest since March a
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  Speaker 1: hundred seventy eight dollars. And that is what you call
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  Speaker 1: a very acceptable move for Credit Acceptance. Dave Wilson, Are
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  Speaker 1: stock sent there. Thank you so much for joining us
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  Speaker 1: on taking stock. Bloomberg Radio, Yeah, bloom We're taking Stock.
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