1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,160 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:18,120 --> 00:00:20,520 Speaker 1: Let's take a look at some stocks on the move 5 00:00:20,680 --> 00:00:24,560 Speaker 1: this week. Bailey Lipschultz, Bloomberg News Equities reporter. Bailey got 6 00:00:24,560 --> 00:00:27,320 Speaker 1: a couple of minutes on this what's on your radar today? 7 00:00:28,280 --> 00:00:31,800 Speaker 3: Yes, you mentioned kind of the response from Donald Trump 8 00:00:31,840 --> 00:00:34,040 Speaker 3: about Vietnam. We did see the likes of a Nike 9 00:00:34,560 --> 00:00:38,879 Speaker 3: on the shoemaker, on Lululemon rebounding today, actually trading in 10 00:00:38,920 --> 00:00:41,239 Speaker 3: the green A handful of the few stocks that are 11 00:00:41,280 --> 00:00:44,000 Speaker 3: trading higher really on most folks radars. So this is 12 00:00:44,320 --> 00:00:48,040 Speaker 3: signaling some optimism that maybe their supply chains that they 13 00:00:48,200 --> 00:00:51,600 Speaker 3: intentionally had diversified away from China are actually going to 14 00:00:51,600 --> 00:00:53,800 Speaker 3: be playing out in their favor. So again a little 15 00:00:53,840 --> 00:00:56,720 Speaker 3: bit of bottom feeding, but keeping things full perspective. These 16 00:00:56,720 --> 00:00:58,840 Speaker 3: are companies that for the most part, were deep in 17 00:00:58,840 --> 00:01:01,880 Speaker 3: the red yesterday and we're only marginally higher. So again, 18 00:01:02,120 --> 00:01:03,680 Speaker 3: Nike one of your best performers in the s and 19 00:01:03,720 --> 00:01:06,240 Speaker 3: P five hundred, along with some of those other apparel 20 00:01:06,280 --> 00:01:09,760 Speaker 3: athleisure companies, but still a lot of questions around some 21 00:01:09,800 --> 00:01:11,760 Speaker 3: of those other countries that they source goods from. 22 00:01:11,720 --> 00:01:13,200 Speaker 4: And Vidia having another tough day. 23 00:01:13,240 --> 00:01:16,080 Speaker 3: Though tough day for Nvidia. One of the things we 24 00:01:16,160 --> 00:01:19,199 Speaker 3: track is retail buying, and I've seen an overwhelming amount 25 00:01:19,240 --> 00:01:21,479 Speaker 3: of buying on the Fidelity platform from what we've heard 26 00:01:21,600 --> 00:01:24,080 Speaker 3: from the folks over at JP Morgan, so buying that dip. 27 00:01:24,080 --> 00:01:26,560 Speaker 3: But this is a company that is so heavily predicated 28 00:01:26,720 --> 00:01:28,880 Speaker 3: on being the driver of the market. So if investors 29 00:01:28,920 --> 00:01:31,559 Speaker 3: are de risking or de leveraging, maybe even just taking 30 00:01:31,560 --> 00:01:34,280 Speaker 3: some chips off the table after what's been a tremendous 31 00:01:34,520 --> 00:01:37,199 Speaker 3: really three year stretch, that's why we're seeing in Vidia 32 00:01:37,280 --> 00:01:39,800 Speaker 3: again being one of the many MAGS seven names helping 33 00:01:39,840 --> 00:01:41,880 Speaker 3: drag some of these big benchmarks lower. 34 00:01:42,040 --> 00:01:45,280 Speaker 1: All right, finally, just thirty seconds on Tesla, what's going on? 35 00:01:46,520 --> 00:01:50,320 Speaker 3: Saw rally after the election down ten percent? Tim fundamentally 36 00:01:50,440 --> 00:01:53,920 Speaker 3: in theory should be somewhat benefiting from supply chain tariffs, 37 00:01:53,920 --> 00:01:55,880 Speaker 3: I think, but the big thing is such a big 38 00:01:55,960 --> 00:01:58,559 Speaker 3: run up and continuing to see concern around Elon Musk, 39 00:01:58,600 --> 00:02:01,000 Speaker 3: the future with the government with the company, and obviously 40 00:02:01,040 --> 00:02:03,760 Speaker 3: another one of the many companies that at least on 41 00:02:03,840 --> 00:02:08,400 Speaker 3: a typical earnings multiple, is very highly valued relative to 42 00:02:08,440 --> 00:02:11,280 Speaker 3: even the mag seven at like four times. So seeing 43 00:02:11,280 --> 00:02:12,839 Speaker 3: that company taking on the Chin as well. 44 00:02:13,000 --> 00:02:16,280 Speaker 4: Yeah, down about fifty percent from that mid December high. 45 00:02:16,320 --> 00:02:20,280 Speaker 4: So ouch, Baillie, thank you so much, so appreciate it that. 46 00:02:20,320 --> 00:02:23,839 Speaker 4: As Bloomberg News equities reporter Bailly Lipshealtz. 47 00:02:25,080 --> 00:02:29,200 Speaker 2: The Stock Movers podcast from Bloomberg Radio, check back with 48 00:02:29,280 --> 00:02:32,040 Speaker 2: us throughout the day for the latest roundup of companies 49 00:02:32,080 --> 00:02:35,120 Speaker 2: making news on Wall Street and for the latest market 50 00:02:35,160 --> 00:02:39,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 51 00:02:39,560 --> 00:02:42,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 52 00:02:42,880 --> 00:02:44,360 Speaker 2: the Bloomberg Business app.