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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: I'm Paul swinging alongside Alexis Christophers. Uh, let's check in

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Speaker 2: with Lisa.

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Speaker 3: But tell Lisha, what do you got for us?

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Speaker 2: All right?

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Speaker 3: I have to start with Broadcom, So AVG chick, your

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Speaker 3: avy go down as much as six percent. It's a

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Speaker 3: chip company, right, competing with Nvidia for this whole AI

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Speaker 3: computing revenue. Investors, they were looking for this big AI payoff,

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Speaker 3: but they just didn't get in. I mean, they have

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Speaker 3: these high expectations and sales outlook just didn't meet it.

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Speaker 3: It was generally actually an upbeat Ernie's report until the

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Speaker 3: CEO spoke too, and what he said. He said the

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Speaker 3: company has a backlog of seventy three billion in AI

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Speaker 3: product orders. They're going to be shipped over the next

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Speaker 3: six quarters. Some investors though, they weren't impressed by that number.

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Speaker 3: Then he tried to clarify, saying that the figure was

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Speaker 3: actually a minimum. That didn't ease the concerns either. So

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Speaker 3: they basically got a vague timetable without an AI revenue

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Speaker 3: forecast for twenty twenty six, and that's why their shares

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Speaker 3: have been down as much as six percent.

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Speaker 4: Yeah, he also didn't give an annual AI revenue forecast,

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Speaker 4: which we know how much Wall Street likes the outlook.

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Speaker 4: So I mean, I think that murkiness probably just added

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Speaker 4: to the frustration that investors are having.

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Speaker 3: Yeah, most definitely who's not being frustrated right now.

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Speaker 2: Is Lulu Levin.

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Speaker 3: That's sticker Lu Lu. Their shares have been up as

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Speaker 3: much as eleven percent, so they boosted their full year outlook,

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Speaker 3: announced that it's CEO, Calvin McDonald, will step down. He's

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Speaker 3: leaving at the end of January, so they're going to

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Speaker 3: start looking for a new CEO. But the company has

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Speaker 3: been on this really tough ride. The stock has fallen

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Speaker 3: more than fifty percent this year through Thursday's clothes sales

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Speaker 3: growth through the lowest since the company went public in

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Speaker 3: two thousand and seven. Competition from upstarts I talked about,

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Speaker 3: you know Alo Yoga. Then you have the knockoffs too

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Speaker 3: from the lower price retailers that are competing specifics if

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Speaker 3: you want profit comparable sales. They beat expectations driven by

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Speaker 3: growth in international market, so international.

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Speaker 2: Work for them.

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Speaker 3: Revenue in the US slipped about three percent. But Jeffrey's analysts,

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Speaker 3: they say the executive change is overdue. They say it's

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Speaker 3: much needed, and they say it's going to open the

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Speaker 3: door to this kind of new reset.

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Speaker 2: For the company. I mean, you know, new management, new blooded.

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Speaker 2: I think it's tough to be in that business. You

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Speaker 2: have to get the fashion right and then you got

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Speaker 2: to execute all that price right. I've heard from a

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Speaker 2: lot of people, including the YouTube. Price is a problem

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Speaker 2: here with the little lemon for some people.

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Speaker 3: Yeah, I mean you're paying over one hundred dollars for leggings.

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Speaker 4: You have to get better iteration.

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Speaker 3: I know it's tough. This last one. It's till right,

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Speaker 3: so it's sticker t l R Y. Their share has

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Speaker 3: been up as much as thirty five percent, so it's

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Speaker 3: a cannabis stock, right. This has to do with a

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Speaker 3: lot of the news and the headlines. Sources are saying

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Speaker 3: President Trump expected to direct his administration to move to

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Speaker 3: reclassify marijuana as a less dangerous drug. So a White

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Speaker 3: official said, you know what, no decision has been made

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Speaker 3: yet reclassification, though it basically makes it easier for you

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Speaker 3: to buy and sell cannabis, and so that's why they're

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Speaker 3: doing better.

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Speaker 4: So would that be a national a national things at

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Speaker 4: the federal level or do we still have to go

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Speaker 4: state by state?

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Speaker 2: It's still state by state?

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Speaker 1: Now?

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Speaker 2: Would this make a federal I guess, I guess. I

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Speaker 2: don't know.

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Speaker 3: Okay, I wouldn't say, but you know what it's it's

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Speaker 3: it's changing the way they're they're labeled. So I would

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Speaker 3: think that would ease.

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Speaker 2: The way for a federal ok of weed, I would

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Speaker 2: I would think so, yeah.

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Speaker 3: Because it's right now, it's a Schedule one drug, so

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Speaker 3: it's like the same thing like heroin and LSD, like

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Speaker 3: that's how it's listed right now. So they want to

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Speaker 3: change it to a Schedule three drug that's on the

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Speaker 3: same level. It's like ketamine, tile and all with coding

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Speaker 3: that kind of thing.

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Speaker 2: Right.

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Speaker 1: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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Speaker 1: making news on Wall Street and for the latest market

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