1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:19,279 Speaker 1: Let's get to some stocks on the move. Bloomberg News 5 00:00:19,280 --> 00:00:22,840 Speaker 1: crossused reporter Janiza Sokova. She is in the house, and 6 00:00:23,600 --> 00:00:25,000 Speaker 1: you got to start with Nvidia. 7 00:00:25,120 --> 00:00:27,960 Speaker 3: Yeah, if you want to talk about reversals of fortunes, 8 00:00:28,040 --> 00:00:30,920 Speaker 3: we have to start with Nvidia. The rally and Nvidia 9 00:00:31,280 --> 00:00:33,800 Speaker 3: shares faded. Now it's not about two percent, but it 10 00:00:33,840 --> 00:00:36,839 Speaker 3: felt as much as three percent initially after we got 11 00:00:36,800 --> 00:00:40,040 Speaker 3: their earnings. The story climb, the stock climb more than 12 00:00:40,200 --> 00:00:44,640 Speaker 3: five percent. There were all those worries about AI spending, 13 00:00:44,680 --> 00:00:46,960 Speaker 3: and it seems like this morning everyone was over it. 14 00:00:47,320 --> 00:00:51,599 Speaker 3: But clearly we're back and investors are worried about AI spending. 15 00:00:51,840 --> 00:00:53,880 Speaker 3: And Video had a very strong report. Of course, the 16 00:00:53,920 --> 00:00:57,160 Speaker 3: sales were about sixty five billion in the January quarter, 17 00:00:57,600 --> 00:01:01,279 Speaker 3: three billion more than analysts were predicting. Everyone was excited. 18 00:01:01,720 --> 00:01:04,920 Speaker 3: Justin Huang addressed the A bubble and said, this is 19 00:01:04,959 --> 00:01:07,720 Speaker 3: something different. This is not what we're seeing from our advantage, 20 00:01:08,160 --> 00:01:11,360 Speaker 3: but the fear is strong. Investors have expressed concern about 21 00:01:11,360 --> 00:01:13,640 Speaker 3: the structure of all those mega deals, and there is 22 00:01:13,880 --> 00:01:17,039 Speaker 3: five announcements a week. We're getting it, especially when it 23 00:01:17,040 --> 00:01:20,080 Speaker 3: comes to Nvidia. There are investments in startups such as 24 00:01:20,160 --> 00:01:23,440 Speaker 3: open Ai and Tropic, and the issue is whether the 25 00:01:23,480 --> 00:01:28,639 Speaker 3: packs are creating artificial demand for computers, and investors are worried. 26 00:01:28,760 --> 00:01:32,280 Speaker 3: In Vidia currently is not projecting any sales from AIX 27 00:01:32,319 --> 00:01:35,560 Speaker 3: relators in China, so China has been one part of 28 00:01:35,600 --> 00:01:38,080 Speaker 3: the report that is wearing investors. But yesterday it was 29 00:01:38,160 --> 00:01:41,160 Speaker 3: enough to ignore. Today we're penalizing that. 30 00:01:41,680 --> 00:01:46,000 Speaker 4: It's such an interesting moment because for a big part 31 00:01:46,000 --> 00:01:49,600 Speaker 4: of the morning until about ten o'clock, the stock was surging. 32 00:01:49,760 --> 00:01:52,680 Speaker 4: There was a rally happening, but then the real shift 33 00:01:52,720 --> 00:01:54,560 Speaker 4: happened starting at ten, and we've seen the stock move 34 00:01:54,600 --> 00:01:57,000 Speaker 4: lower since then. Yeah, for sure, it's no clear catalyst. 35 00:01:57,440 --> 00:01:59,160 Speaker 3: I think a lot of people are also worried about 36 00:01:59,200 --> 00:02:01,559 Speaker 3: rape cuts sold the jobs report. It was a strong 37 00:02:01,640 --> 00:02:04,680 Speaker 3: jobs report. Grea see effect that's split, So that's definitely 38 00:02:04,680 --> 00:02:05,440 Speaker 3: weighing as well. 39 00:02:05,720 --> 00:02:08,120 Speaker 1: Yeah, I mean, these risk your assets right in a 40 00:02:08,200 --> 00:02:11,679 Speaker 1: higher rate environment, you know, you look at these valuations differently. Hey, 41 00:02:11,680 --> 00:02:14,000 Speaker 1: I do want to point out that Nvidia is off 42 00:02:14,360 --> 00:02:18,760 Speaker 1: about almost twelve percent since October twenty ninth, so technically 43 00:02:18,760 --> 00:02:20,960 Speaker 1: we've seen a correction in this name, and I was 44 00:02:21,000 --> 00:02:23,120 Speaker 1: just curious to see. I like doing the technical it's 45 00:02:23,160 --> 00:02:27,960 Speaker 1: looking up RSI Relative Strength Index, and that stock not 46 00:02:28,400 --> 00:02:32,360 Speaker 1: yet moving towards maybe an over sold but not really 47 00:02:32,440 --> 00:02:34,560 Speaker 1: quite not. It's kind of in the middle between the 48 00:02:34,600 --> 00:02:38,239 Speaker 1: red and green lines, red being overbought, green being over sold. 49 00:02:38,280 --> 00:02:41,320 Speaker 1: So it's not quite there. And that's that valuation story. 50 00:02:41,560 --> 00:02:41,840 Speaker 2: All right. 51 00:02:41,919 --> 00:02:44,360 Speaker 1: Let's get to one that is definitely an outperformer in 52 00:02:44,400 --> 00:02:46,720 Speaker 1: today's trade, and it's not high tech. 53 00:02:47,000 --> 00:02:49,959 Speaker 3: It's not high tech. Yes, we have one sock that's 54 00:02:50,000 --> 00:02:52,640 Speaker 3: definitely in the green today. Walmart shares rules as much 55 00:02:52,639 --> 00:02:56,000 Speaker 3: as seven percent. The world's biggest retailer raised it's full 56 00:02:56,080 --> 00:02:58,680 Speaker 3: year sales and profit outlook. The ticker, of course, is 57 00:02:58,840 --> 00:03:02,680 Speaker 3: that WAMT. We're talking about Walmart, which sees net sales 58 00:03:02,800 --> 00:03:06,520 Speaker 3: rising about five percent higher than previous projected and this 59 00:03:06,639 --> 00:03:09,840 Speaker 3: is the second time they increase my proodcast. Obviously, everyone 60 00:03:09,840 --> 00:03:12,679 Speaker 3: has been looking out for the consumers. We saw quite 61 00:03:12,680 --> 00:03:16,440 Speaker 3: a few or wearing earnings report, but Walmart is not 62 00:03:16,680 --> 00:03:19,120 Speaker 3: amongst them. Of course, they are saying that they're seeing 63 00:03:19,200 --> 00:03:23,200 Speaker 3: pressure in lower incomes, but compared to some of their competitors, 64 00:03:23,720 --> 00:03:27,040 Speaker 3: we're not seeing that many worrisome results. That said, middle 65 00:03:27,080 --> 00:03:30,200 Speaker 3: and hire income shoppers aren't pulling back. We know Walmart 66 00:03:30,200 --> 00:03:33,240 Speaker 3: has been targeting them. They have like channel bags and 67 00:03:33,320 --> 00:03:36,040 Speaker 3: they have online their way. Do they have really they 68 00:03:36,080 --> 00:03:38,280 Speaker 3: have pre owned Yeah, that was a big push to 69 00:03:38,280 --> 00:03:41,280 Speaker 3: reach those have no idea you see. 70 00:03:41,440 --> 00:03:44,160 Speaker 4: Does that change your view, Carol, I don't have a. 71 00:03:44,160 --> 00:03:46,960 Speaker 1: View on Walmart. I just reported bags. 72 00:03:48,480 --> 00:03:48,920 Speaker 2: I don't know. 73 00:03:49,040 --> 00:03:50,320 Speaker 1: I think that's kind of interesting. 74 00:03:50,720 --> 00:03:53,200 Speaker 4: They're going consumer, you're trying to bring it in. 75 00:03:53,440 --> 00:03:56,000 Speaker 3: Yeah, they're big on Ecomarce as well. That has been 76 00:03:56,000 --> 00:03:58,560 Speaker 3: doing very well and the stock is up nineteen percent. 77 00:03:58,640 --> 00:04:01,520 Speaker 3: So no matter what position is on channel backs, they're 78 00:04:01,560 --> 00:04:01,960 Speaker 3: doing well. 79 00:04:02,360 --> 00:04:05,880 Speaker 1: But I am right now googling Walmart pre owned channel. 80 00:04:05,760 --> 00:04:07,200 Speaker 4: Okay, well you do that. 81 00:04:08,120 --> 00:04:10,720 Speaker 3: It's for work, research, for research. 82 00:04:11,000 --> 00:04:13,200 Speaker 1: Can I just tell you Walmart about what eighteen percent 83 00:04:13,240 --> 00:04:15,119 Speaker 1: years yew So it's been doing fairly well. 84 00:04:15,160 --> 00:04:17,000 Speaker 4: Well, let's go another stock that's in the red today, 85 00:04:17,000 --> 00:04:19,200 Speaker 4: and that would be Oracle. What's going on with the world, going. 86 00:04:19,080 --> 00:04:22,600 Speaker 3: Back to the AI trade and the losers that a trade, 87 00:04:22,640 --> 00:04:25,280 Speaker 3: and Oco is a very interesting name. It's down thirty 88 00:04:25,320 --> 00:04:28,400 Speaker 3: five percent for its September high just today is now 89 00:04:28,400 --> 00:04:31,039 Speaker 3: about five percent. The ticker, of course, is all Our 90 00:04:31,320 --> 00:04:35,200 Speaker 3: cl and everyone has been looking at that name and 91 00:04:35,320 --> 00:04:37,279 Speaker 3: not just the stock. Everyone has been looking at the 92 00:04:37,279 --> 00:04:38,719 Speaker 3: company's CDs. 93 00:04:39,360 --> 00:04:40,239 Speaker 1: I'm so glad. 94 00:04:40,440 --> 00:04:44,240 Speaker 3: This is so fascinating. So traders have pouding into the 95 00:04:44,240 --> 00:04:48,760 Speaker 3: company credit the fault swaps in recent months. So now 96 00:04:48,800 --> 00:04:52,760 Speaker 3: we have about five billion of volume over the seven 97 00:04:52,800 --> 00:04:56,320 Speaker 3: weeks that just ended this time. Last year it was 98 00:04:56,440 --> 00:04:59,640 Speaker 3: two one hundred million, so it's twenty five times more. 99 00:04:59,720 --> 00:05:03,680 Speaker 3: It's so interesting how this emerged as this barometer for 100 00:05:03,920 --> 00:05:07,480 Speaker 3: AI credit helped. We have an excellent story on the terminal. 101 00:05:07,520 --> 00:05:09,599 Speaker 3: But Morgan Selly is one of the companies who was 102 00:05:09,640 --> 00:05:12,839 Speaker 3: actually worried about NETA. Just the depth of Oracle and 103 00:05:12,880 --> 00:05:16,159 Speaker 3: they're projecting it doubling to about three hundred billion, and 104 00:05:16,200 --> 00:05:20,760 Speaker 3: the hedge they recommended five year CDs on ORCO. So 105 00:05:21,160 --> 00:05:25,120 Speaker 3: definitely this trade is circulating. Obviously, data on this is 106 00:05:25,160 --> 00:05:27,360 Speaker 3: coming a little bit slow, but you can imagine that 107 00:05:27,440 --> 00:05:31,000 Speaker 3: it's a good barometer of investor being really really worded. 108 00:05:31,120 --> 00:05:35,000 Speaker 3: It's three times what it was just a couple of 109 00:05:35,000 --> 00:05:36,239 Speaker 3: weeks back, so it's. 110 00:05:36,080 --> 00:05:40,760 Speaker 2: Moving very fast. The Stock Mover's Report from Bloomberg Radio. 111 00:05:41,240 --> 00:05:43,400 Speaker 2: Check back with us throughout the day for the latest 112 00:05:43,480 --> 00:05:46,640 Speaker 2: roundup of companies making news on Wall Street and for 113 00:05:46,760 --> 00:05:50,679 Speaker 2: the latest market moving headlines. 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