1 00:00:02,520 --> 00:00:09,959 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,960 Speaker 1: harnessing the power of Bloomberg Data, take a look at 4 00:00:16,960 --> 00:00:18,079 Speaker 1: some of the stocks on the move today. 5 00:00:18,120 --> 00:00:20,759 Speaker 2: You can do that with the Lisa Mateya wow, what 6 00:00:21,160 --> 00:00:22,239 Speaker 2: the that's a highway? 7 00:00:23,440 --> 00:00:23,720 Speaker 1: All right. 8 00:00:23,720 --> 00:00:25,520 Speaker 2: I gotta start with Gap because your share is really 9 00:00:25,600 --> 00:00:27,960 Speaker 2: taking ahead. Okay, so down about thirteen percent as much 10 00:00:27,960 --> 00:00:30,480 Speaker 2: as thirteen percent a few things. So you had their 11 00:00:30,480 --> 00:00:34,800 Speaker 2: fourth quarter sales profit below expectations. To the apparel chains, 12 00:00:35,200 --> 00:00:38,160 Speaker 2: the underperformed. We're talking about Old Navy, that's their biggest brand, 13 00:00:38,240 --> 00:00:42,199 Speaker 2: Athleta that's their smallest. They missed on comparable sales estimates. 14 00:00:42,479 --> 00:00:44,960 Speaker 2: Its CEO said that Athleta, he kind of pointed to 15 00:00:45,000 --> 00:00:46,839 Speaker 2: that a little bit more, saying than its performance had 16 00:00:46,880 --> 00:00:50,199 Speaker 2: been disappointing. He talked about, you know, turnaround efforts are 17 00:00:50,200 --> 00:00:52,559 Speaker 2: going to take some time. But Athleta they sell the 18 00:00:52,560 --> 00:00:55,240 Speaker 2: women's active wear, you know, but it's a popular market. 19 00:00:55,280 --> 00:00:58,760 Speaker 2: Like there's a lot of businesses in that, especially new 20 00:00:58,760 --> 00:01:01,319 Speaker 2: competition companies like Allo Yoga, which I know a lot 21 00:01:01,360 --> 00:01:04,319 Speaker 2: of people are are a fan of. But Gap and 22 00:01:04,360 --> 00:01:06,720 Speaker 2: Banana Republic. They did a lot better. Their brands beat 23 00:01:06,760 --> 00:01:09,240 Speaker 2: gap Bust group same store sales by about seven percent, 24 00:01:09,280 --> 00:01:12,480 Speaker 2: attracted more customers across a range of ages, including gen Z. 25 00:01:12,640 --> 00:01:15,600 Speaker 2: That's a big draw for them, increase four percent of 26 00:01:15,600 --> 00:01:19,080 Speaker 2: Banana Republic. And then that was because of improved marketing 27 00:01:19,160 --> 00:01:22,160 Speaker 2: and merchandising. When it comes to tariff, so the company 28 00:01:22,200 --> 00:01:24,520 Speaker 2: said something interesting. They said their guidance doesn't reflect their 29 00:01:24,520 --> 00:01:26,839 Speaker 2: Supreme Court's ruling that kind of struck down President Trump's 30 00:01:26,840 --> 00:01:30,160 Speaker 2: global tariffs last month. So it doesn't reflect that. You 31 00:01:30,200 --> 00:01:32,880 Speaker 2: remember wednesday the federal judge order the Trump administrations to 32 00:01:32,920 --> 00:01:36,160 Speaker 2: start refunding the billions and collected in global tariffs. So 33 00:01:36,200 --> 00:01:38,240 Speaker 2: it's finance chief said, the company is just going to 34 00:01:38,319 --> 00:01:41,840 Speaker 2: wait for some more clarity before starting to change their plans. Yeah, 35 00:01:41,920 --> 00:01:44,440 Speaker 2: very interesting. I guess that is one good example of 36 00:01:44,520 --> 00:01:48,560 Speaker 2: how the tariff policy has unfolded is really hampering a 37 00:01:48,560 --> 00:01:52,400 Speaker 2: lot of operations for businesses, right, well, most definitely, most definitely. 38 00:01:52,480 --> 00:01:54,800 Speaker 2: So taking it all, right, what else you got for us? Okay, 39 00:01:55,120 --> 00:01:57,160 Speaker 2: this one I want to start. It's a decliner two 40 00:01:57,240 --> 00:02:01,120 Speaker 2: as well. That's new text health ticker n UTX. They're 41 00:02:01,160 --> 00:02:04,680 Speaker 2: a health focused application software firm, their shares and plunging 42 00:02:04,720 --> 00:02:06,680 Speaker 2: as much as eighteen percent. Now it's kind of paired 43 00:02:06,720 --> 00:02:09,720 Speaker 2: back a bit. It's down maybe about eleven twelve percent. 44 00:02:10,120 --> 00:02:12,520 Speaker 2: So basically they reported a miss on revenue for the 45 00:02:12,560 --> 00:02:15,520 Speaker 2: fourth quarter. Not much in this one fifty five million 46 00:02:15,560 --> 00:02:18,160 Speaker 2: dollars charge for arbitration claims that kind of dragged down 47 00:02:18,160 --> 00:02:20,240 Speaker 2: that fourth quarter profit. If you look at the company 48 00:02:20,320 --> 00:02:23,280 Speaker 2: across there, seven hundred and thirty five million dollar market 49 00:02:23,320 --> 00:02:25,600 Speaker 2: cap already down about thirty six percent your day, but 50 00:02:25,880 --> 00:02:27,400 Speaker 2: it was up more than one hundred and twenty percent 51 00:02:27,440 --> 00:02:29,360 Speaker 2: in the past year. But it is taking a hit. 52 00:02:29,440 --> 00:02:34,520 Speaker 2: Their shares down today Marville Marvel MRVL, their shares have 53 00:02:34,560 --> 00:02:38,120 Speaker 2: been up as much as seventeen percent. It's a Santa Clara, 54 00:02:38,160 --> 00:02:41,600 Speaker 2: California based company. Their chips are using servers, networking systems, 55 00:02:41,639 --> 00:02:43,520 Speaker 2: you know that needed to fire up those data centers 56 00:02:43,520 --> 00:02:46,960 Speaker 2: that we're always talking about. So a bullish sales outlook. 57 00:02:47,000 --> 00:02:49,720 Speaker 2: That was John Tucker was just saying, they're saying data 58 00:02:49,720 --> 00:02:53,320 Speaker 2: center demands growing even faster than they expected. So revenue 59 00:02:53,320 --> 00:02:54,800 Speaker 2: as much as two and a half billion for the 60 00:02:54,800 --> 00:02:58,480 Speaker 2: fiscal first quarter. Analysts estimated about two point two eight billion, 61 00:02:59,240 --> 00:03:02,200 Speaker 2: expects fiscal twenty twenty seven revenue to grow about more 62 00:03:02,240 --> 00:03:05,560 Speaker 2: than thirty percent to nearly eleven billion. Now you compare 63 00:03:05,639 --> 00:03:08,000 Speaker 2: that to their outlook of nine and a half billion 64 00:03:08,000 --> 00:03:11,320 Speaker 2: in September, roughly ten billion back in December. I mean, 65 00:03:11,360 --> 00:03:13,960 Speaker 2: but think about it. They're cloud computing operators. They're boosting 66 00:03:13,960 --> 00:03:18,120 Speaker 2: their capital spending and that's increasing demands for Marvel's chips. 67 00:03:18,120 --> 00:03:20,320 Speaker 2: If you look what their chief executive officers said, that's 68 00:03:20,320 --> 00:03:24,320 Speaker 2: Matt Murphy. He said cloud capex sexpectations, they've continued to increase. 69 00:03:24,320 --> 00:03:27,360 Speaker 2: They've seen their bookings continue to accelerate. And you remember 70 00:03:27,360 --> 00:03:30,040 Speaker 2: Broadcom too, similarly strong report. They said AI chip sales 71 00:03:30,040 --> 00:03:33,040 Speaker 2: are going to talk about one hundred billion dollars next year. 72 00:03:34,160 --> 00:03:38,200 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 73 00:03:38,280 --> 00:03:40,840 Speaker 1: us throughout the day for the latest roundup of companies 74 00:03:40,920 --> 00:03:44,000 Speaker 1: making news on Wall Street and for the latest market 75 00:03:44,040 --> 00:03:48,480 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 76 00:03:48,600 --> 00:03:52,120 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 77 00:03:52,160 --> 00:03:53,680 Speaker 1: the Bloomberg Business app.