Speaker 1: Bloomberg Audio Studios, podcasts, radio.
Speaker 2: News, The Stock Movers Report, your roundup of companies making
Speaker 2: moves in the stock market. Harnessing the power of Bloomberg Data.
Speaker 3: Take a look at some of the stocks on the
Speaker 3: move today.
Speaker 1: We can do that with touching on a Dary, a
Speaker 1: strategist for Markets Live at Bloomberg News. Touch on what
Speaker 1: are you looking at today?
Speaker 3: We have to start with Nvidia, right the name. We
Speaker 3: are all watching today's shares. We're fluctuating earlier, but it's
Speaker 3: strongly a higher right now. But go to the Market's
Speaker 3: Live blog and you will see that the track record
Speaker 3: is really mixed for this company. We have all the
Speaker 3: data on the terminal and it shows that for the
Speaker 3: past three quarter, shares have actually fallen after blowout results.
Speaker 3: And that's because expectations are so high for this company,
Speaker 3: right and especially after it already lifted its outlook in March.
Speaker 3: That should not be overlooked. Because the company lifted its
Speaker 3: outlook near term outlook from half a trillion to one
Speaker 3: trillion through the end of twenty twenty seven, that's the
Speaker 3: number everyone will be looking at if there are any
Speaker 3: changes there. And by side, expectations in the past have
Speaker 3: been in the rage of two plus two. That means
Speaker 3: beat your guidance by two beat your numbers by two billion,
Speaker 3: and then beat the forecast by two billion. So these
Speaker 3: are sort of, you know, the lines between the numbers
Speaker 3: that you need to watch to understand the share reaction
Speaker 3: of the stock and of the market itself.
Speaker 1: All right, so we will be all over that. In fact,
Speaker 1: Carol Master and Tim Centovic will be all over that.
Speaker 1: Carol's an assignment. Oh y is so she's not doing
Speaker 1: it right, So we're gonna have along with him. Excellent,
Speaker 1: all right, looking forward to that next up on your list.
Speaker 1: I'm getting hungry here and this is a good one first.
Speaker 3: So let's ask have you eaten it?
Speaker 1: Tava?
Speaker 3: Well, no, I was actually about to ask you guys,
Speaker 3: if you have it very familiar.
Speaker 1: I have, but I don't think I've had anything that
Speaker 1: people typically have with just the bulls. I think I
Speaker 1: just got the bread ones. Okay, all right, Well I'm
Speaker 1: going to try. Because they're all over the city.
Speaker 3: We are not part of their crowds, but people are
Speaker 3: dining there. More and more existing customers are returning, more
Speaker 3: and more new customers are coming through the door. The
Speaker 3: company has reported up about six percent now after raising
Speaker 3: its annual sales sales outlook after a robust first quarter
Speaker 3: where comparable sales surpassed analyst estimates compared by Bloomberg. And
Speaker 3: this stands out against the warnings that we've seen from
Speaker 3: a restaurant analysts and executives, not least from McDonald's just
Speaker 3: last week saying that the spike and gas prices and
Speaker 3: just generally the inflationary pressures that I'm seeing from the
Speaker 3: Iron War could crimp discretionary spending. I mean, it's all there.
Speaker 3: And the economic data as well, with real incomes turning negative, Well,
Speaker 3: that doesn't seem to be a problem for this particular company,
Speaker 3: which stands out sort of defined the crunch and consumer
Speaker 3: budgets that has weighed on the industry.
Speaker 2: All right, all right, how about lows loas well?
Speaker 3: This one's not as optimistic, with shares a lower by
Speaker 3: about half a percent now was down more earlier. The
Speaker 3: home improvement retailer reported a slight miss and comparable sales
Speaker 3: and operating margin, but a small beat in adjusted EPs.
Speaker 3: This sort of mirrors what we've seen from Home Depot yesterday,
Speaker 3: which reported a shortfall and one of its key sales metrics,
Speaker 3: but overall there seems to be some reassurance that the
Speaker 3: company reaffirmed its guidance despite talking about all this pressure,
Speaker 3: CFO saying that they're already seeing oil cost pressure, plastic
Speaker 3: and resin prices, and despite that, they managed to stick
Speaker 3: to their forecast, and I mean even Home Depot yesterday
Speaker 3: managed to erase that lawsuits. It looks to be one
Speaker 3: of those days when the rising tide and market is
Speaker 3: just lifting all boats.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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