1 00:00:02,520 --> 00:00:09,960 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 --> 00:00:17,360 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,400 --> 00:00:19,880 Speaker 1: at some of the stocks on the move today on 5 00:00:19,960 --> 00:00:22,440 Speaker 1: Paul Swing alongside Lis Matte, and we're joined by Bloomberg's 6 00:00:22,480 --> 00:00:25,119 Speaker 1: Natalia Kenya Djevich. Natali, what are you looking at today? 7 00:00:25,600 --> 00:00:29,240 Speaker 2: Yeah, let's start with cosmetics brand Beauty Industrial. So shares 8 00:00:29,240 --> 00:00:33,600 Speaker 2: of L Beauty the tickers ELF are up by seven percent. 9 00:00:33,680 --> 00:00:36,800 Speaker 2: That comes after Morgan Stanley analyst upgraded the stock to 10 00:00:36,960 --> 00:00:41,280 Speaker 2: overweight from equal weight. Says that consensus is still materially low. 11 00:00:41,960 --> 00:00:43,920 Speaker 2: I don't know how closely you guys watched this, but 12 00:00:44,040 --> 00:00:48,240 Speaker 2: of course this upside of is coming mainly from roads. 13 00:00:48,560 --> 00:00:53,040 Speaker 2: L Beauty acquired this business in May for one billion dollars. However, 14 00:00:53,440 --> 00:00:56,920 Speaker 2: this price target implies almost a thirty percent move up 15 00:00:57,080 --> 00:01:01,240 Speaker 2: from Friday's close. But the latest earnings group was really disappointing. 16 00:01:01,480 --> 00:01:05,080 Speaker 2: Say we know that they adjusted EBITDA margin came lower 17 00:01:05,160 --> 00:01:09,440 Speaker 2: than expected. The company also declined to provide an outlook 18 00:01:09,480 --> 00:01:13,320 Speaker 2: for fiscal twenty twenty six, of course, citing lots of uncertainties, 19 00:01:13,360 --> 00:01:15,280 Speaker 2: including tariffs and consumer behavior. 20 00:01:15,840 --> 00:01:18,200 Speaker 1: I love all those elf beauty comes are there in 21 00:01:18,319 --> 00:01:20,840 Speaker 1: my draw. Core Wave a stock to watch. 22 00:01:20,840 --> 00:01:23,759 Speaker 2: Why is that right? So this is an earnings previous story. 23 00:01:23,880 --> 00:01:26,919 Speaker 2: The stock is up by US eight percent. The ticker 24 00:01:27,040 --> 00:01:32,280 Speaker 2: is CRWV. Since it's IPO. Guys, the stock is up 25 00:01:32,319 --> 00:01:35,399 Speaker 2: by more than almost by two hundred and fifty percent. 26 00:01:35,520 --> 00:01:38,959 Speaker 2: I still can't get used to these huge numbers after IPOs. However, 27 00:01:39,520 --> 00:01:42,840 Speaker 2: analysts I spoke with cited lots of uncertainty for the stock. 28 00:01:43,000 --> 00:01:45,360 Speaker 2: First of all, we know that the biggest challenge for 29 00:01:45,480 --> 00:01:47,720 Speaker 2: core Weave is that it has to raise a lot 30 00:01:47,840 --> 00:01:51,200 Speaker 2: more capital. During the last EARNINGX report, Core We've said 31 00:01:51,200 --> 00:01:55,320 Speaker 2: that needs to deploy about twenty to twenty three billion dollars. 32 00:01:55,680 --> 00:01:58,440 Speaker 2: We know that they raised about five billion dollars for 33 00:01:58,600 --> 00:02:01,200 Speaker 2: CAPEX so far, so it means that they need to 34 00:02:01,320 --> 00:02:05,480 Speaker 2: raise more debt or issue equity and this is kind 35 00:02:05,520 --> 00:02:07,920 Speaker 2: of one of the main headwinds. But nevertheless, the still 36 00:02:08,240 --> 00:02:13,440 Speaker 2: the stock is still moving higher. One way circle again 37 00:02:13,680 --> 00:02:17,280 Speaker 2: IPO story preview. The stock is rising today. The sicker 38 00:02:17,520 --> 00:02:22,440 Speaker 2: c r CL. The stock is up by four hundred 39 00:02:22,680 --> 00:02:26,960 Speaker 2: thirty percent since it's IPO in June, another huge gainer. 40 00:02:27,480 --> 00:02:30,320 Speaker 2: So we know also that there are a mix of challenges. 41 00:02:30,360 --> 00:02:33,000 Speaker 2: On the one hand, stable coin market is still kind 42 00:02:33,040 --> 00:02:36,920 Speaker 2: of developing. It it's still at early stages. However, analysts 43 00:02:37,000 --> 00:02:41,000 Speaker 2: I spoke with cited couple challenges. They say that basically 44 00:02:41,040 --> 00:02:43,360 Speaker 2: the main source of revenue for COREWIF is that they 45 00:02:43,440 --> 00:02:49,880 Speaker 2: invest in short term treasuries. When they get money from 46 00:02:50,120 --> 00:02:54,040 Speaker 2: people who buy stable coins, as we expect that rates 47 00:02:54,080 --> 00:02:56,880 Speaker 2: will go down, they will receive less on the interest 48 00:02:56,960 --> 00:03:00,800 Speaker 2: rate side. However, they say lower interest rate environment usually 49 00:03:01,040 --> 00:03:04,440 Speaker 2: is a driver, speculative driver, and people invest more in crypto, 50 00:03:04,840 --> 00:03:06,079 Speaker 2: so we'll see how that develops. 51 00:03:07,160 --> 00:03:11,360 Speaker 1: The Stockmover's Report from Bloomberg Radio. Check back with us 52 00:03:11,440 --> 00:03:14,200 Speaker 1: throughout the day for the latest roundup of companies making 53 00:03:14,280 --> 00:03:17,880 Speaker 1: news on Wall Street and for the latest market moving headlines. 54 00:03:18,120 --> 00:03:22,120 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 55 00:03:22,160 --> 00:03:25,200 Speaker 1: dot com, and on Applecarplay and Android Auto with the 56 00:03:25,280 --> 00:03:26,600 Speaker 1: Bloomberg Business app.