WEBVTT - Macy's Guidance Underwhelms; American Eagle Rallies; 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data. Let's take a look

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<v Speaker 1>at some stocks on the move today. I'm Tom Keen

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<v Speaker 1>with Paul Sweeny and Bloomberg's Lisa Matteo.

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<v Speaker 2>It's a podcast, Lisa, what do you think? All right?

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<v Speaker 2>We got to start with Macy's, right, because their shares

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<v Speaker 2>have been all over the map this morning, ticker M

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<v Speaker 2>So the news seem good right off the started top

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<v Speaker 2>third quarter earnings expectations, posted strongest same store sales growth

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<v Speaker 2>in thirteen quarters. Boosted, it's full of your guidance for

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<v Speaker 2>just as earnings per share. Right, it's net sales at

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<v Speaker 2>Bloomingdale's rose, and that's actually gaining share from SAS Global,

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<v Speaker 2>where sales are falling by double digits. It's bloom Mercury

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<v Speaker 2>net sales rose. So the CEO said they're well positioned

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<v Speaker 2>to enter the holiday season. But I think that's the issue.

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<v Speaker 2>Investors wanted a little more from the holiday quarter. There

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<v Speaker 2>were also a lot of positive reports back right, you

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<v Speaker 2>know before this, so the bars up high. I'm done

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<v Speaker 2>what's blue mercury, Blue mercury. Oh, that has all different

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<v Speaker 2>things like perfumes and different smell stuff. Yes, okay, things

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<v Speaker 2>like But that's the reason for that their shares are

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<v Speaker 2>down more than seven percent. Of that because the bar

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<v Speaker 2>was set so high because of these past earnings reports

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<v Speaker 2>from other retailers. So that's why we've seen their shares

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<v Speaker 2>start this morning higher and now they're back down down

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<v Speaker 2>as much as seven percent. I want to stick with

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<v Speaker 2>retail and go to American Eagle Outfitters. That's ticker AEO.

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<v Speaker 2>Their shares have been up as much as twelve percent

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<v Speaker 2>before they're open. They raise their comparable sales guidance, reported

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<v Speaker 2>net revenue third quarter top estimate estimates American Eagle. They

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<v Speaker 2>also own the Airy the Intimates brand too, so that

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<v Speaker 2>that's part of them. They had a few changes, right,

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<v Speaker 2>They revamped their apparel offering. They had this flashy advertising

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<v Speaker 2>remember that, you know, campaign with actress Sidney Sweeney no

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<v Speaker 2>relation to Paul Yes, oh Sidney Sweeney, yes, yeah, yeah,

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<v Speaker 2>no relation, no relations. They also had a campaign with

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<v Speaker 2>NFL star Travis Kelsey. So you know, they've had a

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<v Speaker 2>couple things to kind of boost it and they needed

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<v Speaker 2>the turnaround because it's moving away from this weakness earlier

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<v Speaker 2>this year. I mean they pulled there full of your

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<v Speaker 2>guidance back in May because of discounts and also that

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<v Speaker 2>right down in inventory. So we covered retail. I want

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<v Speaker 2>to get to technology a little. We'll move to Marvell

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<v Speaker 2>Technology MRVL. Their shares up as much as fifteen percent,

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<v Speaker 2>so who is Marvel?

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<v Speaker 1>Right?

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<v Speaker 2>So they help cloud computing companies like Amazon design custom

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<v Speaker 2>chips to handle AI. That's what they do. Basically. The

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<v Speaker 2>company announced plans to acquire startup Celestial AI for at

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<v Speaker 2>least three and a quarter billion dollars, so that was

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<v Speaker 2>good news there. It also posted strong quarterly results it's

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<v Speaker 2>forecast so you add that together and that's why those

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<v Speaker 2>shares have been a lot higher. They also reassort investor

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<v Speaker 2>custom chip design is going to win repeat orders, so

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<v Speaker 2>they kind of would you know this whole hoorah. They

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<v Speaker 2>were pushing and saying that custom hip sales are going

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<v Speaker 2>to increase twenty percent. You have one more he can bitcoin.

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<v Speaker 2>I just want to touch on quickly ABTC. The reason

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<v Speaker 2>I'm touching upon this is because yes, it's a cryptominer right,

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<v Speaker 2>co founded by Eric Trump Yesterday, their shares dropped fifty

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<v Speaker 2>one percent in twenty six minutes before the open. Though

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<v Speaker 2>they're starting to recover and that's a story. Today, their

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<v Speaker 2>shares are up about nine percent.

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<v Speaker 1>The Stock Movers report from Bloomberg Radio. Check back with

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