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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Let's take a look at some of the stocks on

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Speaker 2: the move today with Alexis christoffers. Alexis, what are you looking.

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Speaker 3: At all right? Looking at the software company get Lab,

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Speaker 3: it is down eleven percent here in the pre market,

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Speaker 3: and even before this, it was down twenty nine percent

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Speaker 3: year to date. So get Lab delivered a beat this

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Speaker 3: morning on both the top and bottom lines. It also

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Speaker 3: announced a four hundred million dollar stock buyback plan. But

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Speaker 3: what's got investors all shook up is the outlook that

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Speaker 3: is sort of tempering the enthusiasm around get Lab. It's

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Speaker 3: forecast for twenty twenty seven adjusted earnings per share falling

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Speaker 3: short of estimates. And really this is just feeding the

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Speaker 3: greater fears around software, right These software companies being dented

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Speaker 3: by the possibility that artificial intel diligence is going to

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Speaker 3: take a big slice of their business. And I think

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Speaker 3: we're seeing it play out here and get Lab. Bloomberg

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Speaker 3: Intelligence has some commentary out today. It says the outlook

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Speaker 3: at get Lab reinforces our cautious view that the growth

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Speaker 3: runway for per user models is narrowing amid intensifying competition

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Speaker 3: and AI disruption.

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Speaker 2: That's what I'm learning from reading a lot of stuff.

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Speaker 3: This per user software model court number, that's the.

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Speaker 2: One that is at risk as opposed to the enterprise

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Speaker 2: software where it's really embedded into the full operations of

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Speaker 2: like a salesforce, dot conversation exactly. So that's kind of

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Speaker 2: what I'm learning to read more and more of the

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Speaker 2: research coming off of Wall Street about the risk to

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Speaker 2: software from AI.

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Speaker 4: And this stock has really been struggling. I mean, take

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Speaker 4: a look at the share action on a year today.

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Speaker 4: Basis stock is down about twenty nine percent so far

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Speaker 4: this year.

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Speaker 2: Yaps and stuff, all right, Abercrombie and Fitch.

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Speaker 3: Yeah, it's a big week for retailers because it is

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Speaker 3: the news. Of course, the overriding news is what's happening

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Speaker 3: in the Middle East, So all of these these earnings

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Speaker 3: reports from the retailers sort of getting lost in the sauce.

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Speaker 3: But Abercrombie out this morning record sales for the fourth quarter,

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Speaker 3: so people are out there buying during the holidays. But

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Speaker 3: it's its outlook that's overshadowing that record performance. We've got

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Speaker 3: shares of Abercrombie and Fitch now down about four percent.

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Speaker 3: Taking a look at the year to date here down

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Speaker 3: twenty one percent. So it's been a rough go. The

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Speaker 3: clothing retailer reporting better than expected results but guided for

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Speaker 3: a greater tariff impact going forward and a slow down

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Speaker 3: in sales growth in the company's current fiscal year. You know,

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Speaker 3: we hadn't been hearing a lot about tariffs during these

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Speaker 3: earnings reports. I feel like it's starting again.

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Speaker 2: Starting again. I think, you know, we'll start lapping them.

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Speaker 2: I guess second quarter ish, second calendar quarter of this year,

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Speaker 2: because that sounds fair. They started being implemented sometime April

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Speaker 2: May June of last year, so maybe the comps will

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Speaker 2: get a little easy for some of these companies, particularly

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Speaker 2: the retailers. But yeah, they're still calling out the tariff impact.

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Speaker 2: They can quantify it a lot of these rrect and.

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Speaker 4: Point What stands out to me is headline crossing the

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Speaker 4: Bloombery terminal about three minutes ago, seeing that abercrommecs a

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Speaker 4: small sales had been from the Middle East conflict. So

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Speaker 4: that also adding maybe on to the other tariff.

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Speaker 3: I wonder if that's because are they global or are

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Speaker 3: they concerned about getting product.

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Speaker 2: I think it's probably some of the consumer confidence may yeah, yeah,

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Speaker 2: impacting exactly, but it just you know, the teriff issue

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Speaker 2: just goes to who's burying the cost of the tariff. Well,

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Speaker 2: it's either the companies, the importers, the consumers. And that's

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Speaker 2: what the Fed paper from a couple of weeks ago,

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Speaker 2: the New York Fed Paper sent ninety percent of the

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Speaker 2: tariff costs are being borne by the US economy.

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Speaker 3: Ross Stores, Yeah, So you know what's interesting because retailer

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Speaker 3: or retailer, you can get a very different picture, right,

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Speaker 3: So I think it's a very individual situation for these retailers.

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Speaker 3: Because Ross Stores up six point three percent here ahead

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Speaker 3: of the bell. Year to date, this stock has been

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Speaker 3: up ten percent. It's an off price apparel company, so

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Speaker 3: again we're talking about discount not just apparel, home accessories

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Speaker 3: as well. Comparable sales growth for the fourth quarter nine percent,

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Speaker 3: easily beating the consensus, and they're also seeing a lot

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Speaker 3: of momentum in this quarter. The management state it has

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Speaker 3: been very encouraged by the strong start to the spring season.

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Speaker 3: Of course, you got the Easter holiday coming up and

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Speaker 3: what have you. So Ross stores, you know, one of

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Speaker 3: the bright spots here. We're going to hear from Gap

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Speaker 3: and Macy's, also Costco before the week is through, so

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Speaker 3: we'll get a better feel for, you know, how consumers

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Speaker 3: are spending their money and where they're spending it. Also

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Speaker 3: just want to very quickly point out Target because it's

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Speaker 3: up about one percent here in the pre market. It

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Speaker 3: had another sluggish quarter of results. We know it's trying

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Speaker 3: to turn things around. Ceo. They have a new CEO.

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Speaker 3: It came out today and said we have a six

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Speaker 3: billion dollar plan to redo it. So they're they're throwing

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Speaker 3: a lot at this restructuring and we'll see if that's

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Speaker 3: going to work. They're going to implement some tech in

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Speaker 3: the stores, trying to turn things around at Target.

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Speaker 4: Mm hmm