Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market.
Speaker 1: Harnessing the power of Bloomberg data.
Speaker 2: Right now, let's get a sense of what's going on
Speaker 2: with the stock market. As John Tucker reported, we do
Speaker 2: have a little bit of a lift here today. Let's
Speaker 2: take a look at some stocks on the move today.
Speaker 2: I'm Paul Sweeney along with Alex Steele. I'm're joined by
Speaker 2: Bloombergs and Italia Kenyan Javich Tali. What are you looking at?
Speaker 3: Let's start the guys with Retailer's American Eagle out. As
Speaker 3: the stock is down by more than seven percent, The
Speaker 3: company with drew guidence for the full year. They also
Speaker 3: said that there is a charge of about seventy five
Speaker 3: million related to it down right down of spring and
Speaker 3: summer merchandise. So basically this is a preliminary earnings result.
Speaker 3: They will post full results at the end of May.
Speaker 3: Of course, when it comes to guidance. The company blamed Macrican.
Speaker 3: I'm a concertainty and as for this huge write down,
Speaker 3: I spoke with couple analysts and potentially the main reason
Speaker 3: they either bought stuff that they were not able to
Speaker 3: sell because it was just like the wrong choice. Or
Speaker 3: since we know that American Eagle is a value player,
Speaker 3: potentially customers are looking for better deals. And again it
Speaker 3: could be a sign of a cautious US consumer. But anyway,
Speaker 3: it was a big miss, and potentially we may see
Speaker 3: that all that those inventory will go to discounters like
Speaker 3: TJ Max and the company itself is doing right now
Speaker 3: a massive sale on website. I don't know, well if
Speaker 3: we should check it out. I'm a teach girl, man,
Speaker 3: I'm a tej girl. I gotta stay loyal on that front.
Speaker 3: Oh yeah, you crazy, that's the best I first, like
Speaker 3: most of my house at home. Guns, I'm okay. What
Speaker 3: else you're looking at? Yes? Looking at shares of CBOE
Speaker 3: Global Markets. So yes, we see that. Morgan Stanley the
Speaker 3: downgraded the company and they said, of course that the
Speaker 3: escalation of US and China trade war came sooner and
Speaker 3: better than expected. Earlier they upgraded the stock citing higher volatility.
Speaker 3: We know that when volatility is high, people are trading
Speaker 3: options more. It can be more beneficial for companies life Sybo.
Speaker 3: So now it's a reversal of this trend and they
Speaker 3: cut the price target to two hundred and fifteen from
Speaker 3: two hundred and fifty six. And of course we are
Speaker 3: keeping it out on vix, which is way below twenty
Speaker 3: for the first time since I know, a couple of
Speaker 3: weeks and months.
Speaker 2: Interesting, okay, I used to trade with the Sibo back
Speaker 2: in the day. Super Micro computer.
Speaker 1: That sounds like a big name.
Speaker 3: It is, so we see that it's also a big
Speaker 3: move in the stock price. It's up by almost thirteen percent.
Speaker 3: It came, of course, after this deal with Saudi Arabia.
Speaker 3: Saudi Arabian data center company Data Vault signed a partnership
Speaker 3: with super Micro. The deal is valued at twenty billion dollars.
Speaker 3: We don't know all details of the deal, but basically
Speaker 3: super Micro biased chips from Nvidia, They build infrastructure and
Speaker 3: then they sell to data centers. We don't know if
Speaker 3: Data Vault will be building those data centers here in
Speaker 3: the United States or in Saudi Arabia. But for many analysts,
Speaker 3: questions still remain about demand for power, demand for AI infrastructure.
Speaker 3: But as of today, it is a pretty good development
Speaker 3: that the stock is up sharply.
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