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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: is a Bloomberg business flash from Bloomberg World Headquarters on
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  Speaker 1: Katherine Powdery and as that closing bell song. The Dow
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  Speaker 1: Industrial Average down at forty nine points a quarter percent
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  Speaker 1: at seventeen thousand, seven hundred seventy seven. The SMP five
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  Speaker 1: thundered down at ten points half a percent to two
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  Speaker 1: thousand sixty five. The NASTAC is down thirty points two
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  Speaker 1: thirds of a percent at forty seven seventy five. A
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  Speaker 1: losing session wrapped up a losing week on Wall Street.
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  Speaker 1: The retreat over the past two days is wiped out
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  Speaker 1: the Dow and SMP five hundreds games from earlier this month.
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  Speaker 1: The NASTAC retreated for a seventh straight session. The market
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  Speaker 1: continued to react to corporate reports. Healthcare companies fell after
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  Speaker 1: Gilliad Sciences reported profit witnesses analysts estimates. Gary Bradshawport Folliot,
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  Speaker 1: manager at Hodges Capital, on why he remains optimistic about
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  Speaker 1: the market's outlook. I think investors and they are too pessimistic,
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  Speaker 1: and I think the market is going to continue to
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  Speaker 1: go higher for a couple of reasons. You know, we
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  Speaker 1: have a multipole on the market of seventeen times this
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  Speaker 1: year in sixteen times next, So I don't think it's
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  Speaker 1: too hot or too cold. But what we have around
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  Speaker 1: the world are these very low interest rates. Oil dropped
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  Speaker 1: from a five month high in New York, is surging
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  Speaker 1: Opek crude production is seen swelling global stockpiles. West Texas
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  Speaker 1: intermed a crude for June delivery fell eleven cents of
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  Speaker 1: earrel today to suttle at two oil climb in April.
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  Speaker 1: That's its biggest monthly gain in a year. Spot gold
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  Speaker 1: is up twenty eight dollars fifty centience at twelve and
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  Speaker 1: the tenure Treasury Holding study with the yield of one
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  Speaker 1: point eighty two forty four. And this just in the
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  Speaker 1: US has put economies including China, Japan, and Germany on
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  Speaker 1: a new currency watch list. It said, therefore, in exchange practices,
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  Speaker 1: they're close monitoring to determine if they provide an unfair
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  Speaker 1: trade advantage over America. The inauguralist also includes South Korea
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  Speaker 1: and Taiwan, and that's according to the Treasury in a
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  Speaker 1: revamped version of its semi annual report on the foreign
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  Speaker 1: exchange policies of major US trading partners. And now let's
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  Speaker 1: get a look at some of the other stories were
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  Speaker 1: following today. I'm Bloomberg Radio Catherine. Thank you from the
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  Speaker 1: Bloomberg News Room by Mark Crumpton. U S Attorney General
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  Speaker 1: Loretta Lynch says a North Carolina law requiring people to
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  Speaker 1: use public bathrooms matching their biological sex could violate the
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  Speaker 1: constitutional rights of transgender people. Certainly, I think that as
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  Speaker 1: we look at it and look at the law as
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  Speaker 1: to however in whatever state it will remain um, whatever
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  Speaker 1: situation um it implicates, uh, And however it's crafted, we
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  Speaker 1: look very carefully at that to see if it impacted
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  Speaker 1: in the Constitution or other federal statutes. Attorney General Lynch
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  Speaker 1: made her comments during an interview with Bloomberg's Al Hunt
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  Speaker 1: for the Charlie Rose Show. In her weekly news confer
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  Speaker 1: Prince House Minority leader Nancy Pelosi was asked about the
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  Speaker 1: presidential campaign and whether she thinks Democratic front runner Hillary
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  Speaker 1: Clinton is playing the woman card. I think Kelly's Continent
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  Speaker 1: is playing the experience. Pelosi has not endorsed anyone for
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  Speaker 1: the Democratic nomination. If you have old medication around your
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  Speaker 1: home Saturday, you can safely dispose of it as part
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  Speaker 1: of a semi annual take back day, or out of
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  Speaker 1: five new heroin users start on prescription pills. So there's
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  Speaker 1: a very direct connection between that bottle sitting in your
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  Speaker 1: medicine cabinet and a friend or a child or a
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  Speaker 1: neighbor who ends up getting ahold of it and then
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  Speaker 1: later getting hooked on Heroin. D A Acting Administrator Chuck Rosenberg,
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  Speaker 1: New York Governor Andrew Cuomo seeking federal approval to extend
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  Speaker 1: Medicaid coverage to inmates who face serious health challenges just
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  Speaker 1: before they're released from prison. Global News twenty four hours
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  Speaker 1: a day, powered by our two hundred journalists and more
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  Speaker 1: than one hundred fifty news bureaus around the world. From
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  Speaker 1: the Bloomberg Newsroom, I'm Mark Crumpton, Catherine, thank you. Now,
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  Speaker 1: let's get a quick update of those benchmarks as they
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  Speaker 1: begin to settle down. Industrial average down fifty seven points
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  Speaker 1: to seventeen thousand, seven hundred seventy three, SMP five foundered
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  Speaker 1: down ten points to two thousand, sixty five. The NASTAC
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  Speaker 1: down thirty at forty seven seventy five. Bloomberg taking stock
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  Speaker 1: a dot net and that's a Bloomberg business flash, move around,
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  Speaker 1: Multibray promotion, up dearly ear move on. Then you moved
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  Speaker 1: like they do. I've never seen anyone move that fast.
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  Speaker 1: Five people's moved like you've got a purpose. That was
• 4:51
  Speaker 1: called movers and shakers. They cost a little more. That
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  Speaker 1: name cracked me up. Bloomberg taking Stock Movers and Shakers
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  Speaker 1: with bim Box and Kathleen As on Bloomberg Radio. Taking
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  Speaker 1: Stock for Friday, April sixteen, the last trading day of
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  Speaker 1: the month, Taking look at the S and P five
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  Speaker 1: hundred constituents, one hundred and forty two advancers, three hundred
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  Speaker 1: and fifty six decliners, and seven remained unchanged. Dave Wilson,
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  Speaker 1: Bloomberg Stocks, Thomas joining us now for a look at
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  Speaker 1: today's movers and shakers. Dave so down day for stocks.
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  Speaker 1: Why not look at the worst performer on the day
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  Speaker 1: in the standard Ports five hundred. It's a company called Sterocycle.
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  Speaker 1: They're involved in Wasteman's. But first quarter earnings came out
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  Speaker 1: they trailed analysts average estimate and Bloomberg survey. What's more,
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  Speaker 1: Stereocycle cut full year forecast for revenue, earnings and cash flow.
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  Speaker 1: Not exactly what you want to see as an investor,
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  Speaker 1: especially for a company that had been increasing earning something
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  Speaker 1: like fifth deem percent a year, which had been the
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  Speaker 1: case for the last a half dozen years or so
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  Speaker 1: at Sterecycle. You put that all together, the stock felt
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  Speaker 1: twenty one and a half percent in today's trading, and
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  Speaker 1: that was the biggest one day decline since the company
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  Speaker 1: went public back in I'll tell you about a winner today,
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  Speaker 1: shares of Monster Beverage a monster day, up more than
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  Speaker 1: twelve and a half percent. Monster Beverage shares Surgey is
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  Speaker 1: the biggest increase in about six months after first quarter
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  Speaker 1: profit top analysts estimates, mainly because of their distribution deal
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  Speaker 1: with Coca Cola. Once again, Monster Beverage, the share is
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  Speaker 1: higher today by more than twelve and a half percent.
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  Speaker 1: Then I will come back with another stock that feull
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  Speaker 1: it's Fillip sixty six. And really I have led a
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  Speaker 1: retreat among oil refiners. Uh they were out of Phillip
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  Speaker 1: sixty six with their first quarter results earnies dropping sixty
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  Speaker 1: one percent as profit margins narrowed from mining and chemicals production.
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  Speaker 1: Adjusted profit of sixty seven cents to share was twenty
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  Speaker 1: one cents lower than analysts average estimate. So, you know,
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  Speaker 1: just an example of how the moves in the oil
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  Speaker 1: market have affected companies. Filed sixty six down six and
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  Speaker 1: a half percent. We also saw declines in Marathon Petroleum
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  Speaker 1: to Sorrow and Valero Energy. Those four refiners all on
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  Speaker 1: the sp Freeport mcmaran f c X. The shares a
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  Speaker 1: Freeport mcmaron hired today by ten and a half percent.
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  Speaker 1: Why well, it may have to do with news of
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  Speaker 1: labor peace at Chile's l Abrea mine. Now f c
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  Speaker 1: X report mcmaron has a fifty one steak in the
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  Speaker 1: mind its scale back operations. Last year it laid off
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  Speaker 1: six dred and fifty workers. The company is going to
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  Speaker 1: organize into a new management structure in an effort to
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  Speaker 1: cut costs once again, labor peace and a new labor
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  Speaker 1: agreement at Chile's el Abrea mine. And the shares a
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  Speaker 1: Freeport mcmaron hired today by ten and a half percent.
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  Speaker 1: So we have to talk about valiant pharmaceutical gener This
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  Speaker 1: company finally was able to submit its annual report for
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  Speaker 1: that had been delayed because of the counting issues. Uh
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  Speaker 1: turned out they disclosed their under investigation in several U S. States.
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  Speaker 1: Beyond that, Valiant overhaul its board. They nominated three independent directors.
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  Speaker 1: So there's change definitely come into this company. Who just
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  Speaker 1: hired Joe Papa, who would run Parago, as their chief executive.
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  Speaker 1: Uh All, this didn't go over well though, for Valiant
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  Speaker 1: stock fell five point four percent on the day in
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  Speaker 1: U S. Trading. Well, talking about energy for just a moment, Dave,
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  Speaker 1: you mentioned Phillip sixties six. I'm gonna mention the energy
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  Speaker 1: stock that moved higher today, Range Resources of eight and
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  Speaker 1: a quarter percent. Now a Range Resources has already agreed
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  Speaker 1: to sell some Oklahoma assets, that may sell some additional
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  Speaker 1: acreage in Oklahoma. But they leave that they are going
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  Speaker 1: to be able to boost output and that their approach
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  Speaker 1: to midstream and marketing is paying dividends as they say
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  Speaker 1: in terms of price realizations. That's according to a note
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  Speaker 1: from Iberia Capital Partners. Once again, shares of Arrange Resources
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  Speaker 1: hired by eight and a quarter percent. Well, how about
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  Speaker 1: expedy to wrap things up here? Um, the drug companies
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  Speaker 1: drug con when am I talking about Expedy, the online
• 9:24
  Speaker 1: travel agacy. Let's try that again. They had a surprise
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  Speaker 1: first quarter profit sales beat estimates. It's all about the
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  Speaker 1: benefits from a takeover of home rental site home Away,
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  Speaker 1: coming sooner than the company had expected. So Expedia shares
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  Speaker 1: up eight point two percent on the day time. Now
• 9:41
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• 9:55
  Speaker 1: VIX moves higher today. It was up more than three
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  Speaker 1: and a half percent point seventy se lying at fifteen
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  Speaker 1: point ninety seven, highest level in more than two weeks.
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  Speaker 1: The volatility gauge maintains historic average around twenty and right now,
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  Speaker 1: what is this? Have you well? Volatility continues to show
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  Speaker 1: signs of what they call mean reversion. Anxious investors monitoring
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  Speaker 1: and increasingly volatile global market. All right, Dave, you're hi.
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  Speaker 1: My name is Dave. Just what do you think you're
• 10:28
  Speaker 1: doing things? We're going for a bank down, Dave, Hey,
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  Speaker 1: Mr Wilson tell us about your stock of the day
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  Speaker 1: in Nova International, and this is about money lending. It
• 10:42
  Speaker 1: is the company refers to itself as a lender that
• 10:46
  Speaker 1: makes money available to everyday, hard working people online. It
• 10:50
  Speaker 1: was sputtle off in November by a pawn shop owner
• 10:54
  Speaker 1: Cash American International You. Nova shares trade under the ticker
• 10:57
  Speaker 1: e n v A that's a Nova without the Their
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  Speaker 1: price peaked on the day the spin off was completed,
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  Speaker 1: and last year the shares tumbled seventy largely because of
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  Speaker 1: a couple of disappointing earnings reports. He Nova released first
• 11:10
  Speaker 1: quarter results late yesterday and they were better received. Earnings
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  Speaker 1: were thirty one cents to share, which beat analysts average
• 11:17
  Speaker 1: Essman and Bloomberg survey by ten cents. Revenue top the
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  Speaker 1: average projection for the third straight quarter, and the company
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  Speaker 1: raised full year profit and sales forecast. The results sent
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  Speaker 1: an Nova's shares to their biggest one day gain ever
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  Speaker 1: uh They served as much as thirty one percent during
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  Speaker 1: the day and closed with a gain of twenty one
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  Speaker 1: Thank you very much, Dave Wilson, Bloomberg stocks Commas Send
• 11:42
  Speaker 1: him an email at d Wilson at Bloomberg dot net.
• 11:46
  Speaker 1: Sign up for his daily free email newsletter. It will
• 11:49
  Speaker 1: make you a Smarter investor. Also followed Dave Wilson at
• 11:54
  Speaker 1: The One Dave on Twitter, you're listening to taking Stock.
• 11:58
  Speaker 1: I'm pim Fox and this is Bloomberg Radio. Yeah, looking
• 12:06
  Speaker 1: for last minute miracles. Puerto Rico, it's going to default
• 12:10
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• 12:14
  Speaker 1: the making at the US Congress. We'll find out.