1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,239 Speaker 1: harnessing the power of Bloomberg data. Let's take a look 4 00:00:17,280 --> 00:00:19,919 Speaker 1: at some stocks on the move today. I'm Tom Keen 5 00:00:20,040 --> 00:00:23,040 Speaker 1: with Paul Sweeny and Bloomberg's Lisa Matteo. 6 00:00:23,840 --> 00:00:26,120 Speaker 2: It's a podcast, Lisa, what do you think? All right? 7 00:00:26,200 --> 00:00:27,920 Speaker 2: We got to start with Macy's, right, because their shares 8 00:00:27,920 --> 00:00:29,960 Speaker 2: have been all over the map this morning, ticker M 9 00:00:30,280 --> 00:00:33,400 Speaker 2: So the news seem good right off the started top 10 00:00:33,479 --> 00:00:36,960 Speaker 2: third quarter earnings expectations, posted strongest same store sales growth 11 00:00:37,040 --> 00:00:40,199 Speaker 2: in thirteen quarters. Boosted, it's full of your guidance for 12 00:00:40,360 --> 00:00:42,400 Speaker 2: just as earnings per share. Right, it's net sales at 13 00:00:42,440 --> 00:00:46,600 Speaker 2: Bloomingdale's rose, and that's actually gaining share from SAS Global, 14 00:00:46,640 --> 00:00:50,159 Speaker 2: where sales are falling by double digits. It's bloom Mercury 15 00:00:50,200 --> 00:00:52,960 Speaker 2: net sales rose. So the CEO said they're well positioned 16 00:00:53,000 --> 00:00:55,680 Speaker 2: to enter the holiday season. But I think that's the issue. 17 00:00:55,680 --> 00:00:59,400 Speaker 2: Investors wanted a little more from the holiday quarter. There 18 00:00:59,440 --> 00:01:02,040 Speaker 2: were also a lot of positive reports back right, you 19 00:01:02,080 --> 00:01:04,640 Speaker 2: know before this, so the bars up high. I'm done 20 00:01:04,640 --> 00:01:07,960 Speaker 2: what's blue mercury, Blue mercury. Oh, that has all different 21 00:01:07,959 --> 00:01:12,040 Speaker 2: things like perfumes and different smell stuff. Yes, okay, things 22 00:01:12,080 --> 00:01:15,520 Speaker 2: like But that's the reason for that their shares are 23 00:01:15,520 --> 00:01:17,479 Speaker 2: down more than seven percent. Of that because the bar 24 00:01:17,600 --> 00:01:19,760 Speaker 2: was set so high because of these past earnings reports 25 00:01:19,760 --> 00:01:22,479 Speaker 2: from other retailers. So that's why we've seen their shares 26 00:01:22,560 --> 00:01:25,080 Speaker 2: start this morning higher and now they're back down down 27 00:01:25,200 --> 00:01:27,640 Speaker 2: as much as seven percent. I want to stick with 28 00:01:27,720 --> 00:01:31,160 Speaker 2: retail and go to American Eagle Outfitters. That's ticker AEO. 29 00:01:31,800 --> 00:01:34,039 Speaker 2: Their shares have been up as much as twelve percent 30 00:01:34,080 --> 00:01:36,920 Speaker 2: before they're open. They raise their comparable sales guidance, reported 31 00:01:37,000 --> 00:01:40,720 Speaker 2: net revenue third quarter top estimate estimates American Eagle. They 32 00:01:40,720 --> 00:01:44,160 Speaker 2: also own the Airy the Intimates brand too, so that 33 00:01:44,160 --> 00:01:46,560 Speaker 2: that's part of them. They had a few changes, right, 34 00:01:46,600 --> 00:01:50,520 Speaker 2: They revamped their apparel offering. They had this flashy advertising 35 00:01:50,520 --> 00:01:54,920 Speaker 2: remember that, you know, campaign with actress Sidney Sweeney no 36 00:01:55,040 --> 00:01:57,960 Speaker 2: relation to Paul Yes, oh Sidney Sweeney, yes, yeah, yeah, 37 00:01:57,960 --> 00:02:01,600 Speaker 2: no relation, no relations. They also had a campaign with 38 00:02:01,720 --> 00:02:04,680 Speaker 2: NFL star Travis Kelsey. So you know, they've had a 39 00:02:04,680 --> 00:02:07,279 Speaker 2: couple things to kind of boost it and they needed 40 00:02:07,280 --> 00:02:09,919 Speaker 2: the turnaround because it's moving away from this weakness earlier 41 00:02:09,919 --> 00:02:11,680 Speaker 2: this year. I mean they pulled there full of your 42 00:02:11,720 --> 00:02:14,160 Speaker 2: guidance back in May because of discounts and also that 43 00:02:14,280 --> 00:02:17,720 Speaker 2: right down in inventory. So we covered retail. I want 44 00:02:17,760 --> 00:02:20,040 Speaker 2: to get to technology a little. We'll move to Marvell 45 00:02:20,160 --> 00:02:24,919 Speaker 2: Technology MRVL. Their shares up as much as fifteen percent, 46 00:02:25,240 --> 00:02:26,520 Speaker 2: so who is Marvel? 47 00:02:26,680 --> 00:02:26,800 Speaker 1: Right? 48 00:02:26,840 --> 00:02:31,280 Speaker 2: So they help cloud computing companies like Amazon design custom 49 00:02:31,360 --> 00:02:34,360 Speaker 2: chips to handle AI. That's what they do. Basically. The 50 00:02:34,360 --> 00:02:37,320 Speaker 2: company announced plans to acquire startup Celestial AI for at 51 00:02:37,400 --> 00:02:40,080 Speaker 2: least three and a quarter billion dollars, so that was 52 00:02:40,080 --> 00:02:43,000 Speaker 2: good news there. It also posted strong quarterly results it's 53 00:02:43,000 --> 00:02:46,240 Speaker 2: forecast so you add that together and that's why those 54 00:02:46,240 --> 00:02:49,720 Speaker 2: shares have been a lot higher. They also reassort investor 55 00:02:49,800 --> 00:02:52,040 Speaker 2: custom chip design is going to win repeat orders, so 56 00:02:52,080 --> 00:02:54,160 Speaker 2: they kind of would you know this whole hoorah. They 57 00:02:54,160 --> 00:02:56,720 Speaker 2: were pushing and saying that custom hip sales are going 58 00:02:56,800 --> 00:03:00,560 Speaker 2: to increase twenty percent. You have one more he can bitcoin. 59 00:03:00,639 --> 00:03:04,600 Speaker 2: I just want to touch on quickly ABTC. The reason 60 00:03:04,600 --> 00:03:07,440 Speaker 2: I'm touching upon this is because yes, it's a cryptominer right, 61 00:03:07,440 --> 00:03:10,840 Speaker 2: co founded by Eric Trump Yesterday, their shares dropped fifty 62 00:03:10,919 --> 00:03:14,680 Speaker 2: one percent in twenty six minutes before the open. Though 63 00:03:14,760 --> 00:03:16,920 Speaker 2: they're starting to recover and that's a story. Today, their 64 00:03:16,960 --> 00:03:19,160 Speaker 2: shares are up about nine percent. 65 00:03:20,200 --> 00:03:24,200 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 66 00:03:24,280 --> 00:03:26,880 Speaker 1: us throughout the day for the latest roundup of companies 67 00:03:26,960 --> 00:03:30,040 Speaker 1: making news on Wall Street and for the latest market 68 00:03:30,080 --> 00:03:34,560 Speaker 1: moving headlines. 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