WEBVTT - Nvidia Rises, Cava Group Gains, Lowe's Falls on Modest Sales Gain

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio.

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<v Speaker 2>News, The Stock Movers Report, your roundup of companies making

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<v Speaker 2>moves in the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 3>Take a look at some of the stocks on the

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<v Speaker 3>move today.

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<v Speaker 1>We can do that with touching on a Dary, a

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<v Speaker 1>strategist for Markets Live at Bloomberg News. Touch on what

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<v Speaker 1>are you looking at today?

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<v Speaker 3>We have to start with Nvidia, right the name. We

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<v Speaker 3>are all watching today's shares. We're fluctuating earlier, but it's

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<v Speaker 3>strongly a higher right now. But go to the Market's

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<v Speaker 3>Live blog and you will see that the track record

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<v Speaker 3>is really mixed for this company. We have all the

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<v Speaker 3>data on the terminal and it shows that for the

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<v Speaker 3>past three quarter, shares have actually fallen after blowout results.

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<v Speaker 3>And that's because expectations are so high for this company,

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<v Speaker 3>right and especially after it already lifted its outlook in March.

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<v Speaker 3>That should not be overlooked. Because the company lifted its

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<v Speaker 3>outlook near term outlook from half a trillion to one

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<v Speaker 3>trillion through the end of twenty twenty seven, that's the

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<v Speaker 3>number everyone will be looking at if there are any

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<v Speaker 3>changes there. And by side, expectations in the past have

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<v Speaker 3>been in the rage of two plus two. That means

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<v Speaker 3>beat your guidance by two beat your numbers by two billion,

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<v Speaker 3>and then beat the forecast by two billion. So these

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<v Speaker 3>are sort of, you know, the lines between the numbers

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<v Speaker 3>that you need to watch to understand the share reaction

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<v Speaker 3>of the stock and of the market itself.

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<v Speaker 1>All right, so we will be all over that. In fact,

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<v Speaker 1>Carol Master and Tim Centovic will be all over that.

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<v Speaker 1>Carol's an assignment. Oh y is so she's not doing

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<v Speaker 1>it right, So we're gonna have along with him. Excellent,

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<v Speaker 1>all right, looking forward to that next up on your list.

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<v Speaker 1>I'm getting hungry here and this is a good one first.

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<v Speaker 3>So let's ask have you eaten it?

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<v Speaker 1>Tava?

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<v Speaker 3>Well, no, I was actually about to ask you guys,

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<v Speaker 3>if you have it very familiar.

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<v Speaker 1>I have, but I don't think I've had anything that

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<v Speaker 1>people typically have with just the bulls. I think I

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<v Speaker 1>just got the bread ones. Okay, all right, Well I'm

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<v Speaker 1>going to try. Because they're all over the city.

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<v Speaker 3>We are not part of their crowds, but people are

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<v Speaker 3>dining there. More and more existing customers are returning, more

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<v Speaker 3>and more new customers are coming through the door. The

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<v Speaker 3>company has reported up about six percent now after raising

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<v Speaker 3>its annual sales sales outlook after a robust first quarter

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<v Speaker 3>where comparable sales surpassed analyst estimates compared by Bloomberg. And

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<v Speaker 3>this stands out against the warnings that we've seen from

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<v Speaker 3>a restaurant analysts and executives, not least from McDonald's just

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<v Speaker 3>last week saying that the spike and gas prices and

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<v Speaker 3>just generally the inflationary pressures that I'm seeing from the

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<v Speaker 3>Iron War could crimp discretionary spending. I mean, it's all there.

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<v Speaker 3>And the economic data as well, with real incomes turning negative, Well,

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<v Speaker 3>that doesn't seem to be a problem for this particular company,

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<v Speaker 3>which stands out sort of defined the crunch and consumer

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<v Speaker 3>budgets that has weighed on the industry.

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<v Speaker 2>All right, all right, how about lows loas well?

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<v Speaker 3>This one's not as optimistic, with shares a lower by

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<v Speaker 3>about half a percent now was down more earlier. The

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<v Speaker 3>home improvement retailer reported a slight miss and comparable sales

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<v Speaker 3>and operating margin, but a small beat in adjusted EPs.

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<v Speaker 3>This sort of mirrors what we've seen from Home Depot yesterday,

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<v Speaker 3>which reported a shortfall and one of its key sales metrics,

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<v Speaker 3>but overall there seems to be some reassurance that the

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<v Speaker 3>company reaffirmed its guidance despite talking about all this pressure,

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<v Speaker 3>CFO saying that they're already seeing oil cost pressure, plastic

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<v Speaker 3>and resin prices, and despite that, they managed to stick

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<v Speaker 3>to their forecast, and I mean even Home Depot yesterday

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<v Speaker 3>managed to erase that lawsuits. It looks to be one

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<v Speaker 3>of those days when the rising tide and market is

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<v Speaker 3>just lifting all boats.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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