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, Let's take a look at some of the stocks on the move today. We're joined by Bloomberg's Markets correspondent Nora Me Linda Nor. What are you looking at today?
Lots of green on the screen today, but I'm gonna give you some names in the red. I'm looking at shares of Nike. That's ticker INKE. This was an earnings report that we received last night. We are seeing shares lower down about nine percent right now as we speak, this after the company is really warning that sales would decline this quarter. They're talking about weakness both in China and its Converse brand. I completely forgot they own Converse. Yes,
see what I thought that was the thing, right? I thought everyone was wearing Chuck Taylor's. Apparently not so much. They're saying that sales plunged thirty percent in the last latest quarter. Greater China was down about seventeen percent. So I don't know, maybe they need another comeback story here for the Chuck Taylors.
Ye Well, I'm loyal to my Chuck Taylor's he's speaking of comeback stories. There you go. Speaking of comebackstories, you're tracking another one that is waiting for turnaround to take hold.
Absolutely. Looking at shares of FedEx. This is ticker FDx. Shares her down more than one percent right now. It did raise the low end of its profit outlook for this year, and it reported earnings that topped expectations. This of course was really helped by volume and pricing gains in the US. But you know, we are seeing some weakness, especially as investors are actually trying to see whether or
not the CEO's plan will really map out. They're seeing a string of cost headwinds, including the grounding of its MD eleven planes, So that's really weighing on sentiment today in the trade. Shares of FedEx though up about one percent so far this year, so not too much action there. KB Home, You know, I have to always hit my real estate sector. We're looking at shares of KB Home. This is ticker KBH. We did get results al Lenar yesterday. KB Home is one of its peers. We're looking at
the home building industry. They did post fourth quarter profit that missed expectations the midpoint of that outlook range four. Fiscal twenty twenty six housing revenue also did fall short of expectations, So you are seeing the stock taking quite a breather, down more than eight percent right now, and it's been a pretty rough year for them as well, down about twelve percent. Really just still seeing a locked
housing market. Rates still remain high, and there's a lot of pressures when you think about tariffs, when it weighs our materials and all those things. So we really got to see whether or not these whole builders are really able to turn it around.
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