Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Got Isbell Lee sitting for Scarlet Fill and Paul Sweeney. We're live here in on our Bloomberg and at the broker studio or streaming live on YouTube, as well as John Osam. We got some red on the screen here. Let's take a look at some of the stocks on the move today. We can do that with ta Channa Daria, strategist for Bloomberg Markets Live to Channa, what are you looking at?
Well?
You mentioned Apple of pairing at those earlier declines, now about down about half of percent or so. The company did deliver a very solid report, a record quarterly sales during the holiday season, a better than anticipated forecast for the current period. However, executives warned about rising component costs that are threatening margins so amid the strong demand for the new iPhone, growth and services and should I say a big rebound in China that's been kind of week
four a long time. They posted their biggest sales quarter they are in four years, but rising memory chip prices and supply chain constraints will weigh on margin. Co Tim Cooksa's and you can clearly see the demand for those memory chips and devices in the performance of sand disk, which is rallying about ten percent. So memory chips top demand right now.
I know that was really a big, big rally we've seen from sand Disk. What about Decker's outdoor?
All right? So the owner of UGH and Hoka is that you pronounced.
On Hokas, Katie Grafeld loves that.
Well. They raised their annual forecast and be the estimates after reporting strength across the US sales for the third quarter exceed expectations, leading multiple analysts to raise their price target on the stock, which has now been boosted to one hundred and twenty six dollars and fifty cents a share. We're now trading at one hundred and fourteen dollars just four Perspective and BI analyst their note, do Hokah is in the early state ages internationally with room to grow
into a multi billion dollar brand. So forget your added US or I don't know you have the right pronunciation. We'll call them added US in Europe or your Nikes because Hokus and on shoes are now the new hot thing. Well Adiita, that is a family name.
But yes, no, we say Adidas here.
Sorry all right? He about MX Well, another big consumer name, the paper payment Companies transaction volume for credit cards and other products, beat estimates and said it will boost its dividend by sixteen percent. However, your shares down a two point five percent tickers AXP because higher than expected cost overshadow the results, mainly due to a refresh of its platinum credit card. Well, the CEO is saying that's a
strategic effort that is already paying off. Nonetheless, higher than expected costs are emerging as a big thing this scarning season so far.
The Stock Movers report from Bloomberg Rade. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.