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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis. Starting off

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Speaker 1: with a stock on the move overseas, but one that

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Speaker 1: has a pretty big presence here in the US.

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Speaker 3: This is H and M.

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Speaker 1: Been a while since I've shopped at one, but how

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Speaker 1: are investors shopping with this stock?

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Speaker 3: Dan? Good morning, Good morning, Nathan.

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Speaker 4: You might be too upscale for this one, but the

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Speaker 4: Swedish retailer behind H and M reported a one percent

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Speaker 4: slide in first quarter sales. I don't think thanks because

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Speaker 4: you didn't show up, but.

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Speaker 3: They say, you know it was a drop.

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Speaker 4: The company's sales this month are expected to rise by

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Speaker 4: one percent using the same measure, but many analysts were

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Speaker 4: looking for stronger growth. Cost controls did help the company

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Speaker 4: on bottom lines. The current CEO, who took over in

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Speaker 4: twenty twenty four, has prioritized operational stability and has looked

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Speaker 4: to reduce inventory levels while selling more items at full price.

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Speaker 4: Shares have averaged a ten percent gain under the CEO,

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Speaker 4: higher than peers who have been around four percent. But

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Speaker 4: those shares are down about two percent in Swedish trading.

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Speaker 1: Okay, well, we've also got new earnings from pony Ai.

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Speaker 3: What's going on with this company?

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Speaker 4: Yeah, so ticker po and y. Those shares are up

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Speaker 4: about a quarter of a percent in pre market. It's

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Speaker 4: a Chinese autonomous vehicle company. It posted its first profitable

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Speaker 4: quarter ever. The seventy six million dollars in net income

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Speaker 4: was driven by investment rather than its main robo taxi business,

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Speaker 4: so that might be a one off. But the company

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Speaker 4: also announced that it's looking to launch robotaxis in twenty cities,

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Speaker 4: including a partnership with Uber and a local STARp Vern

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Speaker 4: to launch robotaxis in Croatia. This would make the greb

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Speaker 4: the first European city to have fair charging services for

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Speaker 4: self driving cabs. Ponyai is also conducting trials in Luxembourg,

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Speaker 4: and Uber, who has a partnership and competitor bay Do

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Speaker 4: are testing here in London.

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Speaker 1: Okay, we've got a little bit of deal news as

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Speaker 1: well this morning. Apparently everybody thinks it's Monday. This week,

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Speaker 1: haircare brand Olaplex the latest buyout target.

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Speaker 3: That's right, so Oloplex.

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Speaker 4: Those shares trading UNDERTICKERLPX are up fifty percent in the

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Speaker 4: pre market, trading at two dollars a share. This haircare

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Speaker 4: brand is being bought for two dollars and six cents

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Speaker 4: a share by German based Hankel.

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Speaker 3: Olaplex has developed a.

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Speaker 4: Cult following for its shampoos, and it went public about

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Speaker 4: five years ago at peak valuations in the wake of

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Speaker 4: the COVID pandemic pandemic. Since then, shares have lost ninety

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Speaker 4: five percent of their value, and Hankel has been on

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Speaker 4: a shampoo acquisition spree. It acquired Not your mother Shampoo

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Speaker 4: earlier this month.

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Speaker 1: Oh, not my mother's shampoo.

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Speaker 3: Okay.

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Speaker 1: We're seeing a sell off in chip stocks as well

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Speaker 1: this morning.

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Speaker 4: That's right, so sand Disk and Micron. These have been

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Speaker 4: high flying memory stocks and they are now under pressure.

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Speaker 4: Sand Disk down three percent ticker SNDK, Micron down over

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Speaker 4: two percent in pre market ticker MU. This continues yesterday's

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Speaker 4: sell off as Google touted a new compression technique. Google

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Speaker 4: Research claimed that its new algorithm reduces key large language

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Speaker 4: model memory needs by at least six times one strategist

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Speaker 4: from Links Equity wrote that the Google method hardly reduces

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Speaker 4: the demand for memory and flash over the next three

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Speaker 4: to five years, but these stocks are priced for perfection.

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Speaker 4: Sand Disk alone up over one thousand percent in the

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Speaker 4: last year, so those giving up some of those gains

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Speaker 4: as some as demand comes into question.

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Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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