Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today. Then here in Yurby and Caroline Hepcat
Speaker 3: alongside Tom McKenzie, and we're joined by Bloomberg's equities reporter
Speaker 3: Sam Unsted. At leisure, such a great word. We're going
Speaker 3: to talk about Lulu Lemon Athletica this morning. Yeah, at leisure.
Speaker 3: It's kind of my illusion of fitness by wearing fitness. Git,
Speaker 3: what about the company? Yes, So Lulu Lemon some quite
Speaker 3: poorly received results last night. So a lot of this
Speaker 3: is because of tariffs, so their supply chain has been
Speaker 3: kind of upended, particularly all across Asia. That's the same
Speaker 3: really for most sporting goods companies. This morning, you're seeing
Speaker 3: Puma and adid Us, Pumgy and ads g Y in
Speaker 3: Germany both tipping a little bit. I think what you're
Speaker 3: starting to see within that sector is how well each
Speaker 3: company is going to cope with this. So Luly Lemon,
Speaker 3: for example, are in the midst of trying to find
Speaker 3: some other growth avenues, So they've had two pretty poor
Speaker 3: quarters in a row. They're trying to go into new
Speaker 3: areas like golf for example, and a bit more into
Speaker 3: into running. If you're trying to do that kind of
Speaker 3: strategic shift where you've also got this big tariff story
Speaker 3: over the top of all of it, that's pretty negative.
Speaker 3: Their shares actually fell about twenty percent in.
Speaker 1: Yeah, questions about whether or not they have to put
Speaker 1: up prices even more because it was one hundred dollars
Speaker 1: or something for a pair of more suspected jogging leggings
Speaker 1: or something. They have to put those up.
Speaker 3: In terms of me as if you don't have fancy
Speaker 3: workout giar.
Speaker 1: A fancy workout game now to an excu secrew up
Speaker 1: kind of part of the foot seat tell us about
Speaker 1: why Fieldtronics stock is falling from orbit.
Speaker 4: So this is a small cap UK stock ftc ln.
Speaker 4: They dropped about fifteen percent earlier today. So they are
Speaker 4: a component maker, but specifically they make modules for the
Speaker 4: Starlink satellite constellation, so run by SpaceX. So Donald Trump
Speaker 4: and Elon Musk and their argument beginning with you know,
Speaker 4: well beginning a few weeks ago, but in the last
Speaker 4: couple of days with Donald Trump saying that they considering
Speaker 4: ripping away a lot of Elon Musk's contracts from the government.
Speaker 4: Must then talking about decommissioning the drag and spacecraft. That
Speaker 4: battle is starting to hit Fildtronic. So they these contracts.
Speaker 4: They've had an expansion of these contracts over the last
Speaker 4: few months that has pushed their shares up quite a bit,
Speaker 4: and so today they are getting caught in this Musk
Speaker 4: Trump spat.
Speaker 3: That's interesting, Okay, so the fallout then from the White House. Meanwhile,
Speaker 3: you got a chip on its shoulder this morning, also
Speaker 3: tell us why.
Speaker 4: Yes, so chip stocks dipping a little bit. Infini and
Speaker 4: in Germany IFx do I and then st micro stm
Speaker 4: I am in Italy as well, both dipping a little
Speaker 4: bit because of broad Comm. So broad Comm's results very
Speaker 4: high expectations going into those results and actually very similar.
Speaker 4: We're very deep into earning season.
Speaker 3: Now.
Speaker 4: What you're seeing now is investors tried to decipher like
Speaker 4: who who is doing well, who is picking up all
Speaker 4: these AI orders? Where are they going? As I say,
Speaker 4: expectations for broad come very very high. The results are
Speaker 4: overall sort of considered to be a bit tepid. They're
Speaker 4: overall like not too bad. But when you've got expectations
Speaker 4: that you get with AI going into those numbers, they
Speaker 4: didn't quite meet those expectations.
Speaker 1: Before we let you go. Probably the foot one hundred
Speaker 1: performing quite well in the in the last few weeks.
Speaker 1: Is it where you and the team look at the
Speaker 1: foot two one hundred quite quite a lot of detail
Speaker 1: on daily basis. Has it got legs to go to
Speaker 1: go further from here? What's kind of driving the momentum?
Speaker 4: Yeah, I think what's happened actually is that the composition
Speaker 4: of the footso one hundred has changed quite a bit.
Speaker 4: So defense companies in particular are now more important, say
Speaker 4: to the footy one hundred than commodities companies are. The
Speaker 4: waiting there is much bigger than say miners banks as
Speaker 4: well have become much much more important than UK banks
Speaker 4: have been performing very very well. So what you've seen
Speaker 4: really is kind of a slight shift in the way
Speaker 4: that I think investors look at the footsoo one hundred. Unfortunately,
Speaker 4: probably not a shift that's made it enormously or exciting
Speaker 4: for investors, but that defense stopped gain in particular has
Speaker 4: given it a big bost.
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