1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market. 3 00:00:14,240 --> 00:00:16,480 Speaker 1: Harnessing the power of Bloomberg data. 4 00:00:17,440 --> 00:00:19,280 Speaker 2: Right now, let's get a sense of what's going on 5 00:00:19,400 --> 00:00:21,840 Speaker 2: with the stock market. As John Tucker reported, we do 6 00:00:21,880 --> 00:00:23,880 Speaker 2: have a little bit of a lift here today. Let's 7 00:00:23,920 --> 00:00:26,480 Speaker 2: take a look at some stocks on the move today. 8 00:00:26,720 --> 00:00:29,000 Speaker 2: I'm Paul Sweeney along with Alex Steele. I'm're joined by 9 00:00:29,000 --> 00:00:31,840 Speaker 2: Bloombergs and Italia Kenyan Javich Tali. What are you looking at? 10 00:00:32,159 --> 00:00:34,960 Speaker 3: Let's start the guys with Retailer's American Eagle out. As 11 00:00:34,960 --> 00:00:38,720 Speaker 3: the stock is down by more than seven percent, The 12 00:00:38,760 --> 00:00:41,839 Speaker 3: company with drew guidence for the full year. They also 13 00:00:43,800 --> 00:00:47,040 Speaker 3: said that there is a charge of about seventy five 14 00:00:47,159 --> 00:00:50,199 Speaker 3: million related to it down right down of spring and 15 00:00:50,280 --> 00:00:54,680 Speaker 3: summer merchandise. So basically this is a preliminary earnings result. 16 00:00:54,720 --> 00:00:58,400 Speaker 3: They will post full results at the end of May. 17 00:00:58,880 --> 00:01:01,920 Speaker 3: Of course, when it comes to guidance. The company blamed Macrican. 18 00:01:01,960 --> 00:01:05,600 Speaker 3: I'm a concertainty and as for this huge write down, 19 00:01:05,720 --> 00:01:09,080 Speaker 3: I spoke with couple analysts and potentially the main reason 20 00:01:09,280 --> 00:01:12,480 Speaker 3: they either bought stuff that they were not able to 21 00:01:12,600 --> 00:01:16,160 Speaker 3: sell because it was just like the wrong choice. Or 22 00:01:16,319 --> 00:01:19,080 Speaker 3: since we know that American Eagle is a value player, 23 00:01:19,800 --> 00:01:24,360 Speaker 3: potentially customers are looking for better deals. And again it 24 00:01:24,360 --> 00:01:28,560 Speaker 3: could be a sign of a cautious US consumer. But anyway, 25 00:01:28,760 --> 00:01:32,160 Speaker 3: it was a big miss, and potentially we may see 26 00:01:32,160 --> 00:01:36,720 Speaker 3: that all that those inventory will go to discounters like 27 00:01:36,800 --> 00:01:39,759 Speaker 3: TJ Max and the company itself is doing right now 28 00:01:39,800 --> 00:01:42,320 Speaker 3: a massive sale on website. I don't know, well if 29 00:01:42,360 --> 00:01:44,840 Speaker 3: we should check it out. I'm a teach girl, man, 30 00:01:45,160 --> 00:01:47,080 Speaker 3: I'm a tej girl. I gotta stay loyal on that front. 31 00:01:47,120 --> 00:01:50,560 Speaker 3: Oh yeah, you crazy, that's the best I first, like 32 00:01:50,600 --> 00:01:52,600 Speaker 3: most of my house at home. Guns, I'm okay. What 33 00:01:52,640 --> 00:01:56,080 Speaker 3: else you're looking at? Yes? Looking at shares of CBOE 34 00:01:56,200 --> 00:01:59,600 Speaker 3: Global Markets. So yes, we see that. Morgan Stanley the 35 00:02:00,080 --> 00:02:03,120 Speaker 3: downgraded the company and they said, of course that the 36 00:02:03,280 --> 00:02:07,480 Speaker 3: escalation of US and China trade war came sooner and 37 00:02:07,600 --> 00:02:13,399 Speaker 3: better than expected. Earlier they upgraded the stock citing higher volatility. 38 00:02:13,480 --> 00:02:16,520 Speaker 3: We know that when volatility is high, people are trading 39 00:02:16,560 --> 00:02:20,760 Speaker 3: options more. It can be more beneficial for companies life Sybo. 40 00:02:20,960 --> 00:02:23,760 Speaker 3: So now it's a reversal of this trend and they 41 00:02:23,800 --> 00:02:26,280 Speaker 3: cut the price target to two hundred and fifteen from 42 00:02:26,320 --> 00:02:29,200 Speaker 3: two hundred and fifty six. And of course we are 43 00:02:29,280 --> 00:02:32,200 Speaker 3: keeping it out on vix, which is way below twenty 44 00:02:32,400 --> 00:02:35,200 Speaker 3: for the first time since I know, a couple of 45 00:02:35,240 --> 00:02:36,440 Speaker 3: weeks and months. 46 00:02:36,440 --> 00:02:38,839 Speaker 2: Interesting, okay, I used to trade with the Sibo back 47 00:02:38,840 --> 00:02:42,240 Speaker 2: in the day. Super Micro computer. 48 00:02:42,400 --> 00:02:43,400 Speaker 1: That sounds like a big name. 49 00:02:43,840 --> 00:02:46,600 Speaker 3: It is, so we see that it's also a big 50 00:02:46,639 --> 00:02:50,880 Speaker 3: move in the stock price. It's up by almost thirteen percent. 51 00:02:51,040 --> 00:02:55,440 Speaker 3: It came, of course, after this deal with Saudi Arabia. 52 00:02:55,520 --> 00:02:59,960 Speaker 3: Saudi Arabian data center company Data Vault signed a partnership 53 00:03:00,120 --> 00:03:03,680 Speaker 3: with super Micro. The deal is valued at twenty billion dollars. 54 00:03:03,720 --> 00:03:06,360 Speaker 3: We don't know all details of the deal, but basically 55 00:03:07,080 --> 00:03:12,640 Speaker 3: super Micro biased chips from Nvidia, They build infrastructure and 56 00:03:12,680 --> 00:03:15,520 Speaker 3: then they sell to data centers. We don't know if 57 00:03:16,160 --> 00:03:18,640 Speaker 3: Data Vault will be building those data centers here in 58 00:03:18,680 --> 00:03:22,640 Speaker 3: the United States or in Saudi Arabia. But for many analysts, 59 00:03:22,800 --> 00:03:30,240 Speaker 3: questions still remain about demand for power, demand for AI infrastructure. 60 00:03:30,280 --> 00:03:32,519 Speaker 3: But as of today, it is a pretty good development 61 00:03:32,520 --> 00:03:34,240 Speaker 3: that the stock is up sharply. 62 00:03:34,760 --> 00:03:38,880 Speaker 1: The Stock Movers podcast from Bloomberg Radio check Back with 63 00:03:38,960 --> 00:03:41,760 Speaker 1: us throughout the day for the latest roundup of companies 64 00:03:41,760 --> 00:03:44,840 Speaker 1: making news on Wall Street, and for the latest market 65 00:03:44,840 --> 00:03:49,240 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 66 00:03:49,280 --> 00:03:52,520 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 67 00:03:52,600 --> 00:03:54,040 Speaker 1: the Bloomberg Business app.