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Speaker 2: Stock Movers Report, your roundup of companies making moves in
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Speaker 1: Let's get to some stocks on the move. Bloomberg News
Speaker 1: crossused reporter Janiza Sokova. She is in the house, and
Speaker 1: you got to start with Nvidia.
Speaker 3: Yeah, if you want to talk about reversals of fortunes,
Speaker 3: we have to start with Nvidia. The rally and Nvidia
Speaker 3: shares faded. Now it's not about two percent, but it
Speaker 3: felt as much as three percent initially after we got
Speaker 3: their earnings. The story climb, the stock climb more than
Speaker 3: five percent. There were all those worries about AI spending,
Speaker 3: and it seems like this morning everyone was over it.
Speaker 3: But clearly we're back and investors are worried about AI spending.
Speaker 3: And Video had a very strong report. Of course, the
Speaker 3: sales were about sixty five billion in the January quarter,
Speaker 3: three billion more than analysts were predicting. Everyone was excited.
Speaker 3: Justin Huang addressed the A bubble and said, this is
Speaker 3: something different. This is not what we're seeing from our advantage,
Speaker 3: but the fear is strong. Investors have expressed concern about
Speaker 3: the structure of all those mega deals, and there is
Speaker 3: five announcements a week. We're getting it, especially when it
Speaker 3: comes to Nvidia. There are investments in startups such as
Speaker 3: open Ai and Tropic, and the issue is whether the
Speaker 3: packs are creating artificial demand for computers, and investors are worried.
Speaker 3: In Vidia currently is not projecting any sales from AIX
Speaker 3: relators in China, so China has been one part of
Speaker 3: the report that is wearing investors. But yesterday it was
Speaker 3: enough to ignore. Today we're penalizing that.
Speaker 4: It's such an interesting moment because for a big part
Speaker 4: of the morning until about ten o'clock, the stock was surging.
Speaker 4: There was a rally happening, but then the real shift
Speaker 4: happened starting at ten, and we've seen the stock move
Speaker 4: lower since then. Yeah, for sure, it's no clear catalyst.
Speaker 3: I think a lot of people are also worried about
Speaker 3: rape cuts sold the jobs report. It was a strong
Speaker 3: jobs report. Grea see effect that's split, So that's definitely
Speaker 3: weighing as well.
Speaker 1: Yeah, I mean, these risk your assets right in a
Speaker 1: higher rate environment, you know, you look at these valuations differently. Hey,
Speaker 1: I do want to point out that Nvidia is off
Speaker 1: about almost twelve percent since October twenty ninth, so technically
Speaker 1: we've seen a correction in this name, and I was
Speaker 1: just curious to see. I like doing the technical it's
Speaker 1: looking up RSI Relative Strength Index, and that stock not
Speaker 1: yet moving towards maybe an over sold but not really
Speaker 1: quite not. It's kind of in the middle between the
Speaker 1: red and green lines, red being overbought, green being over sold.
Speaker 1: So it's not quite there. And that's that valuation story.
Speaker 2: All right.
Speaker 1: Let's get to one that is definitely an outperformer in
Speaker 1: today's trade, and it's not high tech.
Speaker 3: It's not high tech. Yes, we have one sock that's
Speaker 3: definitely in the green today. Walmart shares rules as much
Speaker 3: as seven percent. The world's biggest retailer raised it's full
Speaker 3: year sales and profit outlook. The ticker, of course, is
Speaker 3: that WAMT. We're talking about Walmart, which sees net sales
Speaker 3: rising about five percent higher than previous projected and this
Speaker 3: is the second time they increase my proodcast. Obviously, everyone
Speaker 3: has been looking out for the consumers. We saw quite
Speaker 3: a few or wearing earnings report, but Walmart is not
Speaker 3: amongst them. Of course, they are saying that they're seeing
Speaker 3: pressure in lower incomes, but compared to some of their competitors,
Speaker 3: we're not seeing that many worrisome results. That said, middle
Speaker 3: and hire income shoppers aren't pulling back. We know Walmart
Speaker 3: has been targeting them. They have like channel bags and
Speaker 3: they have online their way. Do they have really they
Speaker 3: have pre owned Yeah, that was a big push to
Speaker 3: reach those have no idea you see.
Speaker 4: Does that change your view, Carol, I don't have a.
Speaker 1: View on Walmart. I just reported bags.
Speaker 2: I don't know.
Speaker 1: I think that's kind of interesting.
Speaker 4: They're going consumer, you're trying to bring it in.
Speaker 3: Yeah, they're big on Ecomarce as well. That has been
Speaker 3: doing very well and the stock is up nineteen percent.
Speaker 3: So no matter what position is on channel backs, they're
Speaker 3: doing well.
Speaker 1: But I am right now googling Walmart pre owned channel.
Speaker 4: Okay, well you do that.
Speaker 3: It's for work, research, for research.
Speaker 1: Can I just tell you Walmart about what eighteen percent
Speaker 1: years yew So it's been doing fairly well.
Speaker 4: Well, let's go another stock that's in the red today,
Speaker 4: and that would be Oracle. What's going on with the world, going.
Speaker 3: Back to the AI trade and the losers that a trade,
Speaker 3: and Oco is a very interesting name. It's down thirty
Speaker 3: five percent for its September high just today is now
Speaker 3: about five percent. The ticker, of course, is all Our
Speaker 3: cl and everyone has been looking at that name and
Speaker 3: not just the stock. Everyone has been looking at the
Speaker 3: company's CDs.
Speaker 1: I'm so glad.
Speaker 3: This is so fascinating. So traders have pouding into the
Speaker 3: company credit the fault swaps in recent months. So now
Speaker 3: we have about five billion of volume over the seven
Speaker 3: weeks that just ended this time. Last year it was
Speaker 3: two one hundred million, so it's twenty five times more.
Speaker 3: It's so interesting how this emerged as this barometer for
Speaker 3: AI credit helped. We have an excellent story on the terminal.
Speaker 3: But Morgan Selly is one of the companies who was
Speaker 3: actually worried about NETA. Just the depth of Oracle and
Speaker 3: they're projecting it doubling to about three hundred billion, and
Speaker 3: the hedge they recommended five year CDs on ORCO. So
Speaker 3: definitely this trade is circulating. Obviously, data on this is
Speaker 3: coming a little bit slow, but you can imagine that
Speaker 3: it's a good barometer of investor being really really worded.
Speaker 3: It's three times what it was just a couple of
Speaker 3: weeks back, so it's.
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