1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,040 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,040 --> 00:00:20,759 Speaker 3: the move today. I'm Paul Sweeney alongside scarlettfu and we 6 00:00:20,800 --> 00:00:22,239 Speaker 3: are joined by Bloomer's Tachana. 7 00:00:22,280 --> 00:00:23,760 Speaker 1: Darie Tachana, What are you looking at today? 8 00:00:24,040 --> 00:00:28,440 Speaker 4: Yeah, just to follow up on Lisa's observation on Nvidia, 9 00:00:28,560 --> 00:00:32,519 Speaker 4: now down nearly seven percent as its dominance in the 10 00:00:32,560 --> 00:00:36,240 Speaker 4: AI race is getting challenged by no other than Alphabet. 11 00:00:36,280 --> 00:00:39,040 Speaker 4: We're starting to see a little bit of differentiation here 12 00:00:39,200 --> 00:00:42,760 Speaker 4: among the AI agencies. Everyone suddenly gets excited about their 13 00:00:42,840 --> 00:00:46,199 Speaker 4: chips and their Gemini three model, and I'd say this 14 00:00:46,240 --> 00:00:48,360 Speaker 4: is a little bit of a deep sick moment for 15 00:00:48,440 --> 00:00:51,639 Speaker 4: the industry, right. But the key difference is that it's 16 00:00:51,640 --> 00:00:54,520 Speaker 4: a domestic rival. So it's a really head scratcher, a 17 00:00:54,680 --> 00:00:56,720 Speaker 4: real head scratcher in terms of what it all means 18 00:00:56,800 --> 00:01:00,440 Speaker 4: for the market. Well, foreign Vidia individually, it is a 19 00:01:00,480 --> 00:01:04,160 Speaker 4: clear negative, especially given the reports that Meta is now 20 00:01:04,200 --> 00:01:08,759 Speaker 4: in talks to spend billions on Google's chips by twenty seven. Well, 21 00:01:08,840 --> 00:01:11,319 Speaker 4: My only question is do they have the capacity to 22 00:01:11,400 --> 00:01:14,399 Speaker 4: compete with Nvidia. That is the question, because we know 23 00:01:14,440 --> 00:01:16,640 Speaker 4: that in video has not been able to meet all 24 00:01:16,680 --> 00:01:18,800 Speaker 4: the demand that it's encountered so far. 25 00:01:18,920 --> 00:01:20,720 Speaker 1: All right, let's move on to some retailers. 26 00:01:20,920 --> 00:01:24,640 Speaker 4: Yeah, looking at retailers, given the gitters about consumer and 27 00:01:24,840 --> 00:01:28,440 Speaker 4: they're spending Amarn Crombie and Fitch that stock is up 28 00:01:28,560 --> 00:01:31,840 Speaker 4: twenty five percent year. Tickers A and f raise the 29 00:01:31,840 --> 00:01:34,840 Speaker 4: low end of sales guidance as its Hollister brand continues 30 00:01:34,880 --> 00:01:37,720 Speaker 4: to gain momentum. Net sales will now grow six to 31 00:01:37,800 --> 00:01:41,400 Speaker 4: seven percent, up from the previous outlook of five percent. 32 00:01:41,720 --> 00:01:44,080 Speaker 4: The move just shows that the retailer is hanging onto 33 00:01:44,120 --> 00:01:46,680 Speaker 4: some momentum as the CEO there is still trying to 34 00:01:47,160 --> 00:01:50,160 Speaker 4: turn this ship around. The stock has done really well 35 00:01:50,240 --> 00:01:52,960 Speaker 4: last year, it has lost some momentum, down about fifty 36 00:01:53,000 --> 00:01:56,480 Speaker 4: percent here today, so this brings some reassurance. It also 37 00:01:56,600 --> 00:01:59,960 Speaker 4: joins a group of retailers like Gap and Tjmax, which 38 00:02:00,080 --> 00:02:04,600 Speaker 4: have reported good results showing that resilience among consumers, unlike 39 00:02:04,680 --> 00:02:08,280 Speaker 4: other chains like Target and Home Depot. So yet again, 40 00:02:08,320 --> 00:02:12,160 Speaker 4: another mixed season for the retailers, but still some signs 41 00:02:12,160 --> 00:02:15,120 Speaker 4: of resilience and coals. 42 00:02:15,480 --> 00:02:17,680 Speaker 1: We don't have coals around here, do we. There is 43 00:02:17,720 --> 00:02:18,480 Speaker 1: one in Younkers. 44 00:02:18,720 --> 00:02:19,160 Speaker 2: There used to be. 45 00:02:19,200 --> 00:02:20,560 Speaker 1: I don't know if it's still there. I haven't been 46 00:02:20,560 --> 00:02:22,160 Speaker 1: there in a long time. Kind that's human jersey. 47 00:02:22,880 --> 00:02:26,080 Speaker 4: Yeah, calls those shares up thirty five percent your ticker 48 00:02:26,160 --> 00:02:29,760 Speaker 4: a k as the company boosted its sales forecast for 49 00:02:29,880 --> 00:02:33,519 Speaker 4: the year, saying now it sees sales declining less than predicted, 50 00:02:33,600 --> 00:02:36,880 Speaker 4: So it's not an upright change of fortunes here. They're 51 00:02:36,919 --> 00:02:39,840 Speaker 4: still dealing with some softness, but perhaps a less than feared. 52 00:02:40,080 --> 00:02:41,960 Speaker 4: The market is taking this as a sign that the 53 00:02:42,040 --> 00:02:45,480 Speaker 4: new CEO is helping to stabilize performance at the Struggle 54 00:02:45,560 --> 00:02:49,440 Speaker 4: Link retail because this company has seen quite a turbulent period. 55 00:02:49,480 --> 00:02:52,160 Speaker 4: It had to fire its CEO not too long ago 56 00:02:52,200 --> 00:02:56,920 Speaker 4: because of some internal issues. So now it's getting back 57 00:02:57,000 --> 00:02:58,960 Speaker 4: on its feet, but still faces a. 58 00:02:58,919 --> 00:03:00,440 Speaker 1: Tough path forward. 59 00:03:00,560 --> 00:03:04,480 Speaker 4: It has now posted fifteen straight quarters off declining year 60 00:03:04,520 --> 00:03:05,040 Speaker 4: over year. 61 00:03:06,600 --> 00:03:09,480 Speaker 1: Today. Yeah this is a huge move. Yeah, but it's 62 00:03:09,520 --> 00:03:12,120 Speaker 1: tanked in recent years. Yes, it has, it has. 63 00:03:12,160 --> 00:03:14,560 Speaker 3: You're right, I mean, this is the first positive report 64 00:03:14,600 --> 00:03:16,840 Speaker 3: I can remember from Cole's like evert but. 65 00:03:16,919 --> 00:03:17,800 Speaker 1: The direction is still down. 66 00:03:17,840 --> 00:03:20,000 Speaker 4: As Tatiana pointed out, what how many Street quarters of 67 00:03:20,120 --> 00:03:23,799 Speaker 4: declining the companies of fifteen. So tough road ahead for 68 00:03:23,919 --> 00:03:26,840 Speaker 4: the new CEO, but nonetheless some good news today. 69 00:03:27,200 --> 00:03:31,160 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 70 00:03:31,320 --> 00:03:33,880 Speaker 2: us throughout the day for the latest roundup of companies 71 00:03:33,960 --> 00:03:37,000 Speaker 2: making news on Wall Street and for the latest market 72 00:03:37,080 --> 00:03:41,560 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:03:41,640 --> 00:03:45,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:03:45,200 --> 00:03:46,640 Speaker 2: the Bloomberg Business app.