Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some stocks on the move today.
Speaker 2: Are We're going to start with Gap because it's taken
Speaker 2: it on the chin today. Last I checked, it was
Speaker 2: down eight percent. And you know what, I'm gonna check
Speaker 2: it in because I've been checking oil so much today,
Speaker 2: I've got to check some of these individivey now down
Speaker 2: ten percent. The stock is down six and a quarter
Speaker 2: percent year to date, so that's you know, before these
Speaker 2: numbers here, look the turnaround A Gap remains pretty uneven.
Speaker 2: Fourth quarter sales and profit came in slightly below expectations.
Speaker 2: Two of its apparel chains underperformed. What were the old
Speaker 2: Navy and Athleta Gap and Banana Republic, by the way,
Speaker 2: which they also own, actually beat estimates. And I saw
Speaker 2: this note from Neil sunders Over at Global Data. He
Speaker 2: said Athletics brand lacks a distinct look and feel and
Speaker 2: says it's being punished for its relative blandness.
Speaker 1: Wow.
Speaker 2: Ouch right, So yeah, Gap has it's work cut out
Speaker 2: for it, and you know, this is a big week
Speaker 2: for the retailers. We just found out that January retail
Speaker 2: sales were you know, pretty benign. Folks are spending but
Speaker 2: not big, right, and they're looking for value. All right,
Speaker 2: Let's move on to Marvel Technology, that stock soaring today
Speaker 2: after seeing an AI fueled boom in data centers. So
Speaker 2: this is a chip maker that said year, every year,
Speaker 2: revenue growth will accelerate through fiscal twenty twenty seven and
Speaker 2: actually grow faster than anticipated. Okay, so what does Marvel do.
Speaker 2: It's got these chips that are used in servers and
Speaker 2: networking systems needed to fire up all those data centers
Speaker 2: because of AI. So it expects revenue in twenty twenty
Speaker 2: seven and grown more than thirty percent. That's pretty enviable
Speaker 2: to nearly eleven billion dollars. Remember we heard from Broadcom,
Speaker 2: another big chip maker, this week saying the similar things
Speaker 2: and that AI chip sales are going to top one
Speaker 2: hundred billion dollars next year. I want to check, are
Speaker 2: really quickly shares of Marvel Technology, Like I said, up,
Speaker 2: what do you have it at? Up ten percent?
Speaker 1: Here into pre market trading?
Speaker 2: There you go in my mind, just posed up? Is
Speaker 2: that like comics. You know this is not Marvel.
Speaker 1: This is Marvel. This is the technology company.
Speaker 2: Oh is that how we say it? That's how I
Speaker 2: say it, you know, I think you just say differentiate
Speaker 2: it from Marvel. Costs Okay, New Texts health plunging here
Speaker 2: twenty two percent. This is a health focused application software firm.
Speaker 2: A revenue for the fourth quarter missed the average estimate.
Speaker 2: And here's really the deal. A fifty five million dollar
Speaker 2: charge for arbitration claims. Not sure what those were around,
Speaker 2: but that dragged down fourth quarter profit. New text is
Speaker 2: a stock in company seven hundred and thirty five million
Speaker 2: dollar market cap. It was already down thirty six percent
Speaker 2: year to date. Okay, so no, wady, do we have
Speaker 2: time for one more? You want to costco? Costco? Not
Speaker 2: like a costco for do you know the costco?
Speaker 1: I used to tale lives there? I know she does.
Speaker 2: Lisa loves it here. I don't need three year's worth
Speaker 2: of toilet paper less, I really don't. Yeah, So here's
Speaker 2: as there is a cost well in Queens it's there
Speaker 2: is on the upper east side. There is a cost.
Speaker 2: But the issue is Lisa has three freezers in the Yes,
Speaker 2: so I used to have a membership. I don't anymore,
Speaker 2: but basically a lot of people do because membership fees
Speaker 2: totals one point three billion dollars during the quarter. That
Speaker 2: beat expectations. Yeah, they did better. They did better. People
Speaker 2: want to buy the bulk. They believe they're getting value.
Speaker 2: That's a fee, recurring fee. Revenue businesses, you got a
Speaker 2: lot of them, and you know what online You don't
Speaker 2: think online anything costco up twenty two percent last quarter,
Speaker 2: So their online business is on fire.
Speaker 1: This stock Movers report from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street and for the latest market
Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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