Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers report your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Tim Staneveek along with Alex Samonova. Let's take a
Speaker 1: look at some stocks on the move today. We are
Speaker 1: joined by Bloomberg News reporter Judy LaGrue. Judy, welcome, what's
Speaker 1: on your radar?
Speaker 3: Listen? I'm so curious. Do either of you shop at Costco?
Speaker 1: You know, I'm so glad you asked so, Yes and no.
Speaker 1: We went to Costco once. Have you been to Costco
Speaker 1: in Brooklyn?
Speaker 4: Alex, No, but not recently. My parents used to take
Speaker 4: me there for the samples.
Speaker 1: Well, they had the right, they had the right, they
Speaker 1: had the right thinking because now it's too crowded to go.
Speaker 1: So we went once and we didn't even make it inside.
Speaker 3: Wow.
Speaker 1: But we order Costco a few times a year, so
Speaker 1: it's still worth it to us to be members, even
Speaker 1: though it's a little more expensive to do the ordering
Speaker 1: because it is so crowded on the weekends that it's
Speaker 1: just a zoo. But their delivery, they've really beefed up
Speaker 1: delivery's They partner with Instacart now absolutely.
Speaker 5: I mean that is the crux of the reason why
Speaker 5: Costco stock has reached an all time high as a
Speaker 5: close today, So the stock is up twenty seven percent
Speaker 5: year to date. And what a lot of analysts are
Speaker 5: saying is that despite the high gas prices that we're seeing,
Speaker 5: shoppers are really looking for bargains on essentials and Costco
Speaker 5: is really really taking.
Speaker 3: Off as a result of that.
Speaker 5: And Tim, as you mentioned, we're seeing just a lot
Speaker 5: of growth not only internationally with Costco but also with
Speaker 5: their e commerce, and that's really fueling their growth.
Speaker 1: I do feel like the part you miss out on
Speaker 1: Costco with when you do order is like just randomly
Speaker 1: running into stuff that's like a good deal for a
Speaker 1: limited time at Costco. That was my experience growing up.
Speaker 1: Is like, you know, you load the minivan with the coolers,
Speaker 1: and you know there was there was in a Costco
Speaker 1: close to us, Like we would drive a half hour
Speaker 1: to go to a Costco.
Speaker 4: You see something and you're like, wow, I didn't know
Speaker 4: that this exists in bulk, and I have to have it.
Speaker 1: Now exactly, And that's what that's what we did. So
Speaker 1: now we're just you know, maybe maybe one day we'll
Speaker 1: figure out a time to go. I hear eight am
Speaker 1: or whatever, nine am or whatever. Saturday mornings is the time.
Speaker 1: But that's just too early for me, at least in Brooklyn.
Speaker 3: Oh truly.
Speaker 1: All right, let's talk a little bit about cybersecurity. CrowdStrike
Speaker 1: is also on your radar.
Speaker 3: Today, definitely.
Speaker 5: I think there's a really interesting larger story that's emerging
Speaker 5: about AI and how it's really bifurcating between sort of
Speaker 5: AI as it touches software and AI as it touches
Speaker 5: chip making. Where CrowdStrike really sort of has its own
Speaker 5: Niche is within cybersecurity as it pertains to AI, and
Speaker 5: as AI grows and develops, a lot of businesses are like,
Speaker 5: we've got to protect this. And so CrowdStrike had an
Speaker 5: all time intry day high but came off of it
Speaker 5: before close today. So just a lot of really good movement,
Speaker 5: up about thirty two percent on the year. And again,
Speaker 5: I think it's really indicative of what seeing with AI
Speaker 5: and how that's really changing and morphing right in front
Speaker 5: of our very eyes.
Speaker 1: Yeah, CrowdStrike ticker CRWD. I am shocked. I had no
Speaker 1: idea that this was not a victim of the SaaS apocalypse.
Speaker 3: Really interesting, very much as face send.
Speaker 1: You all time high. That's amazing.
Speaker 4: I think it might have been for a little bit
Speaker 4: and then investor has bought into it.
Speaker 1: They were like, Okay, this actually will work in an
Speaker 1: AI world.
Speaker 4: Yeah, because that's what happens when these companies still have
Speaker 4: pretty solid earnings.
Speaker 1: Yes, Crowdstrig trading at six hundred and fourteen dollars a
Speaker 1: share right now, what else are you watching?
Speaker 4: Chewy?
Speaker 5: Like anyone else today and especially anybody with an animal
Speaker 5: at home a dog for me, the.
Speaker 3: Chewy story is really really fascinating.
Speaker 5: So Chewy close down about ten percent today and a
Speaker 5: lot of it was as we had heard in earlier
Speaker 5: sort of news, the comments that the CEO made about
Speaker 5: the stretched consumer that they've seen since the beginning of
Speaker 5: the year. And I find this a really interesting sort
Speaker 5: of consumer angle. That is pets, right, the one of
Speaker 5: the most emotional purchases that we make really is to
Speaker 5: sort of care for and really make sure to pamper
Speaker 5: our pets. And so again, very fascinating to see sort
Speaker 5: of how consumer sentiment really operates within the pet sector
Speaker 5: in light of everything going on macroeconomically. So we've heard
Speaker 5: time in and time again macro uncertainty, oil prices, and
Speaker 5: so forth. But again, I think this is a really
Speaker 5: interesting space to watch as those elements continue to impact
Speaker 5: both in consumers and the market as a whole.
Speaker 4: People always say that their love for their pets is
Speaker 4: recession proof.
Speaker 3: That's right.
Speaker 1: I'm just going to use this as the opportunity that
Speaker 1: I always do to remind everybody to please pick up
Speaker 1: after their pets.
Speaker 4: There's a big campaign that New York City is doing.
Speaker 1: Yeah, well, I mean when it gets to Brooklyn, because
Speaker 1: there's some people who don't necessarily do that that's been
Speaker 1: on this high horse before.
Speaker 2: This stock Mover's report from Blueloomberg Radio. Check back with
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Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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