1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,840 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,000 --> 00:00:21,240 Speaker 1: Alexis Christopherus with the Stock Movers. 6 00:00:21,280 --> 00:00:23,680 Speaker 4: All right, let's dive right in and start with Qualcoms. 7 00:00:23,760 --> 00:00:26,480 Speaker 4: That stock's taking a beating here, down about eleven percent 8 00:00:26,520 --> 00:00:29,080 Speaker 4: pre market. You know, it was not invited to the 9 00:00:29,120 --> 00:00:30,720 Speaker 4: tech party last year. I took a look at this, 10 00:00:30,800 --> 00:00:34,479 Speaker 4: down fifteen percent last year, and ahead of these earnings, 11 00:00:34,520 --> 00:00:36,960 Speaker 4: which weren't so hot, it was down thirteen percent. So 12 00:00:36,960 --> 00:00:40,120 Speaker 4: here's a story. The chip designers results beating on the 13 00:00:40,120 --> 00:00:43,599 Speaker 4: top and bottom line. It's forecast was want lighter than expected. 14 00:00:43,680 --> 00:00:47,879 Speaker 4: Why supply crunch in memory chips going to weigh on 15 00:00:47,920 --> 00:00:50,800 Speaker 4: the margins and on the smartphone market. Why are we 16 00:00:50,880 --> 00:00:53,040 Speaker 4: having the shortage because other companies have been talking about 17 00:00:53,040 --> 00:00:55,520 Speaker 4: this as well, or these memory chips. It's stemming from 18 00:00:55,560 --> 00:00:58,920 Speaker 4: all the data center developers because of AI the scooping 19 00:00:59,000 --> 00:01:01,720 Speaker 4: up those chips, and the chip makers are shifting production 20 00:01:02,000 --> 00:01:04,200 Speaker 4: production to cater to the AI folks who we know 21 00:01:04,240 --> 00:01:07,360 Speaker 4: are spending really big. Just look at what Google did yesterday, right, 22 00:01:07,480 --> 00:01:11,360 Speaker 4: committing one hundred and eighty five billion to AI this year. 23 00:01:11,440 --> 00:01:14,240 Speaker 4: So qualcon coming under a little bit of pressure today 24 00:01:14,280 --> 00:01:15,240 Speaker 4: in Apple. 25 00:01:15,160 --> 00:01:18,280 Speaker 1: Like a week scene forever ago, it was like nodes. 26 00:01:18,319 --> 00:01:21,080 Speaker 1: I had to look it up, three nano nodes like 27 00:01:21,560 --> 00:01:25,600 Speaker 1: you know techie talk, and Apple went like two sixty 28 00:01:25,680 --> 00:01:29,280 Speaker 1: to two forty three at cratered, I say, and from 29 00:01:29,360 --> 00:01:32,319 Speaker 1: two forty three, Paul, it's a moonshot almost up to 30 00:01:32,360 --> 00:01:35,280 Speaker 1: a record high. There you go. My head is spinning. 31 00:01:35,640 --> 00:01:38,319 Speaker 4: Exactly all right, Well you know what else is spinning next? 32 00:01:38,600 --> 00:01:41,160 Speaker 4: Peloton bikes are spinning here we go. Not in the 33 00:01:41,200 --> 00:01:45,760 Speaker 4: right direction either. So this stock is down now about 34 00:01:46,280 --> 00:01:49,040 Speaker 4: ten percent. It was down twenty nine percent last year. 35 00:01:49,080 --> 00:01:51,240 Speaker 4: It's been going through it for a while. Quarterly earnings 36 00:01:51,240 --> 00:01:54,480 Speaker 4: here missed the mark, slashed its sales outlook. And remember 37 00:01:54,480 --> 00:01:56,440 Speaker 4: in the fall it had its first big revamp and 38 00:01:56,480 --> 00:01:59,920 Speaker 4: all its hardware in years came out with a new treadmills, bike, 39 00:02:00,160 --> 00:02:03,720 Speaker 4: other products. They were supposed to spark a turnaround didn't happen. 40 00:02:03,960 --> 00:02:05,880 Speaker 4: It was actually fell three percent last quarter. 41 00:02:05,920 --> 00:02:10,079 Speaker 1: Mature serves Peloton correspondent Paul Sweedio and this so Kelly 42 00:02:10,160 --> 00:02:14,240 Speaker 1: Curtis and Mystique Row that are the female skeleton riders 43 00:02:14,280 --> 00:02:17,000 Speaker 1: at the Olympics. Ye are they training on Peloton's book. 44 00:02:17,200 --> 00:02:19,280 Speaker 3: They could be, They could be. I mean that they 45 00:02:19,320 --> 00:02:23,560 Speaker 3: have a base of customers my girlfriend included die Hard. 46 00:02:23,800 --> 00:02:27,480 Speaker 3: They're loyal, loyal, Yeah, but again I've always said they 47 00:02:27,560 --> 00:02:29,560 Speaker 3: have to figure out a way to monetize these people 48 00:02:29,560 --> 00:02:31,560 Speaker 3: more than just banging you for that fee. 49 00:02:31,639 --> 00:02:34,440 Speaker 4: Every well, they also raise their membership fees in October. 50 00:02:34,520 --> 00:02:36,600 Speaker 3: So does everybody else. You know, every streamer out there, everything, 51 00:02:36,600 --> 00:02:38,760 Speaker 3: everybody's raising their Kelsey Curtis. 52 00:02:38,400 --> 00:02:42,240 Speaker 1: Is Saint Lawrence University's Springfield College out of Princeton, New Jersey, 53 00:02:42,320 --> 00:02:44,880 Speaker 1: Ago the whole of skeleton racing. 54 00:02:45,000 --> 00:02:46,480 Speaker 3: You know, she's on the peloton. 55 00:02:48,040 --> 00:02:50,160 Speaker 4: I could picture it, but I just want to leave 56 00:02:50,160 --> 00:02:52,600 Speaker 4: you a little bit of improvement. Signs of improvement. I 57 00:02:52,600 --> 00:02:56,560 Speaker 4: guess at Peloton the company improved a sudjusted ebidah outlook 58 00:02:56,600 --> 00:03:00,840 Speaker 4: by eighteen percent. So the but the CFO also, I 59 00:03:00,880 --> 00:03:03,200 Speaker 4: know the CFO is going are in last one more 60 00:03:03,520 --> 00:03:05,960 Speaker 4: let's get it in Esday Lauder down ten percent now 61 00:03:05,960 --> 00:03:09,160 Speaker 4: it owns brands. We know Max smash Box, Joe Malone 62 00:03:09,240 --> 00:03:12,680 Speaker 4: lifted its adjusted earnings outlook, but the stock is down 63 00:03:13,240 --> 00:03:16,240 Speaker 4: because its outlook is failing to reassure investors about the 64 00:03:16,320 --> 00:03:20,200 Speaker 4: turnaround going on there. Tariff's still going to dent earnings 65 00:03:20,200 --> 00:03:22,639 Speaker 4: by one hundred million dollars, is what they're saying, Dent 66 00:03:22,720 --> 00:03:23,919 Speaker 4: sales by one hundred million. 67 00:03:25,000 --> 00:03:29,040 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 68 00:03:29,120 --> 00:03:31,679 Speaker 2: us throughout the day for the latest roundup of companies 69 00:03:31,760 --> 00:03:34,840 Speaker 2: making news on Wall Street and for the latest market 70 00:03:34,880 --> 00:03:39,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 71 00:03:39,440 --> 00:03:42,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 72 00:03:43,000 --> 00:03:44,480 Speaker 2: the Bloomberg Business app.