1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:17,560 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,840 --> 00:00:19,840 Speaker 3: Carol Master at long with Tim's Stanovic Life here at 5 00:00:19,880 --> 00:00:22,000 Speaker 3: Bloomberg headquarters in New York City. Let's take look at 6 00:00:22,040 --> 00:00:24,400 Speaker 3: some stocks on the move with us is Bloomberg News 7 00:00:24,520 --> 00:00:28,080 Speaker 3: Equities reporter Nora Melinda joining us here in studio. Dollar 8 00:00:28,160 --> 00:00:30,080 Speaker 3: General man on a tear? 9 00:00:30,160 --> 00:00:30,920 Speaker 2: How long is a taire? 10 00:00:31,400 --> 00:00:34,080 Speaker 4: It's up as much as sixteen percent of about fifteen 11 00:00:34,120 --> 00:00:35,880 Speaker 4: percent right now. It's the biggest gator in the S 12 00:00:35,920 --> 00:00:39,120 Speaker 4: and P five hundred right now, best performing stock. And 13 00:00:39,159 --> 00:00:41,519 Speaker 4: of course this is after an increase and boosted its 14 00:00:41,560 --> 00:00:43,920 Speaker 4: annual guidance. And they're saying that this is due to 15 00:00:44,040 --> 00:00:47,240 Speaker 4: them luring more higher income shoppers that are looking for deals. 16 00:00:47,600 --> 00:00:51,120 Speaker 4: So they're also mentioning that their core customer base is 17 00:00:51,240 --> 00:00:53,720 Speaker 4: feeling a bit financially strapped, but they're saying that they're 18 00:00:53,760 --> 00:00:56,720 Speaker 4: able to actually entice those middle and higher income buyers 19 00:00:56,720 --> 00:00:58,080 Speaker 4: that are looking for some deals there. 20 00:00:58,160 --> 00:01:01,880 Speaker 1: So maybe these buyers are leaving where they traditionally would shop, 21 00:01:01,920 --> 00:01:05,880 Speaker 1: such as like a Target or something right, and trading down, Yes. 22 00:01:05,760 --> 00:01:08,160 Speaker 4: And that's essentially what they're saying here. And then also 23 00:01:08,200 --> 00:01:10,600 Speaker 4: they're saying that they don't really expect to have much 24 00:01:10,600 --> 00:01:13,120 Speaker 4: of an effect for tariffs, which of course is really 25 00:01:13,200 --> 00:01:14,720 Speaker 4: huge and that was really good news. They're saying they 26 00:01:14,760 --> 00:01:17,160 Speaker 4: expect to mitigate a significant amount of the tariffs that 27 00:01:17,200 --> 00:01:19,000 Speaker 4: are currently in place. And when you look at it 28 00:01:19,000 --> 00:01:21,520 Speaker 4: against its peers, I mean you have Dollar Tree, of 29 00:01:21,520 --> 00:01:24,000 Speaker 4: course that's also gaining off of this news, but I 30 00:01:24,000 --> 00:01:26,280 Speaker 4: mean we're looking at Dollar General up about forty seven 31 00:01:26,319 --> 00:01:29,560 Speaker 4: percent so far this year, and that's against Dollar Tree, 32 00:01:29,560 --> 00:01:31,720 Speaker 4: which is up about twenty nine percent so far for 33 00:01:31,760 --> 00:01:32,360 Speaker 4: the same period. 34 00:01:32,440 --> 00:01:34,760 Speaker 1: Cheryl, this is wild because we're seeing a lot of 35 00:01:34,760 --> 00:01:37,800 Speaker 1: different signals being sent. We're seeing some on some levels 36 00:01:37,840 --> 00:01:41,360 Speaker 1: the consumers strong. On other levels, we're seeing wait a second, 37 00:01:41,400 --> 00:01:43,640 Speaker 1: even the consumers who traditionally would not shop at a 38 00:01:43,640 --> 00:01:46,039 Speaker 1: store such as this, Yeah, are trading down and looking 39 00:01:46,040 --> 00:01:48,240 Speaker 1: for deals. And that's essentially what the CEO said, They're 40 00:01:48,240 --> 00:01:51,160 Speaker 1: looking for deals amid a weekning amid weekening sentiment. 41 00:01:51,240 --> 00:01:51,440 Speaker 2: Yeah. 42 00:01:51,440 --> 00:01:53,480 Speaker 3: I find that interesting. Remember we've talked about this in 43 00:01:53,520 --> 00:01:57,680 Speaker 3: the past, where we've seen kind of a wealthier consumer also, 44 00:01:57,880 --> 00:01:59,880 Speaker 3: you know, shopping at places where they look for a deal. 45 00:02:00,000 --> 00:02:02,400 Speaker 3: We should point out too that Dollar Tree reports its 46 00:02:02,440 --> 00:02:04,800 Speaker 3: results before the market opened tomorrow. 47 00:02:05,000 --> 00:02:07,320 Speaker 1: Nor The company also said about twenty five percent of 48 00:02:07,440 --> 00:02:10,079 Speaker 1: the retailer's customers have less income than they did last year. 49 00:02:10,080 --> 00:02:11,079 Speaker 1: That's a survey that they did. 50 00:02:11,160 --> 00:02:12,600 Speaker 4: I mean, that's so interesting and I'm curious if you 51 00:02:12,600 --> 00:02:14,520 Speaker 4: were to pop over there is everything still a dollar 52 00:02:14,600 --> 00:02:17,480 Speaker 4: or I can tell you that we're pushing above now 53 00:02:18,040 --> 00:02:19,079 Speaker 4: it's just called. 54 00:02:20,520 --> 00:02:23,320 Speaker 3: Hey, stocks up almost thirty percent year to date, but again, 55 00:02:23,520 --> 00:02:26,560 Speaker 3: a lot of that's probably because of today's move. Let's 56 00:02:26,560 --> 00:02:28,919 Speaker 3: go to a big story of the day. One of 57 00:02:28,960 --> 00:02:30,639 Speaker 3: the most read on the Bloomberg has to do with 58 00:02:30,680 --> 00:02:32,240 Speaker 3: what's going on with nuclear stocks. 59 00:02:32,320 --> 00:02:34,560 Speaker 4: Yes, so we're seeing nuclear stocks that have been getting 60 00:02:34,560 --> 00:02:37,560 Speaker 4: a pop today. I've pretty much got eyes on Consolation Energy. 61 00:02:37,880 --> 00:02:40,040 Speaker 4: We did see it up as much as nine percent earlier, 62 00:02:40,120 --> 00:02:41,920 Speaker 4: but we are seeing it sharply pairing its gains. When 63 00:02:41,960 --> 00:02:43,960 Speaker 4: I last checked, it was in the red. But this 64 00:02:44,040 --> 00:02:46,880 Speaker 4: is after Consulation Energy was in the news because it 65 00:02:46,919 --> 00:02:49,919 Speaker 4: struck a deal with Meta Platforms, and some are saying 66 00:02:49,960 --> 00:02:51,720 Speaker 4: that this deal could be bigger than the one that 67 00:02:51,720 --> 00:02:53,880 Speaker 4: they had with Microsoft. So it's interesting that we are 68 00:02:53,919 --> 00:02:56,160 Speaker 4: seeing the stock here in the red right now. But 69 00:02:56,240 --> 00:02:59,840 Speaker 4: essentially the AI boom is sending demand for nuclear power soaring. 70 00:03:00,320 --> 00:03:02,160 Speaker 4: And this is a twenty year contract that they're going 71 00:03:02,200 --> 00:03:04,480 Speaker 4: to be having here. It's expected to kick off in 72 00:03:04,560 --> 00:03:07,040 Speaker 4: mid twenty twenty seven. So lots to keep an eye 73 00:03:07,080 --> 00:03:08,320 Speaker 4: on in this space. And I mean, if you look 74 00:03:08,360 --> 00:03:11,560 Speaker 4: at the year to date performance up forty percent, I love. 75 00:03:11,400 --> 00:03:13,079 Speaker 3: This story, you know. I two was looking at the 76 00:03:13,160 --> 00:03:16,160 Speaker 3: Nuclear Stocks group because some of the names held onto 77 00:03:16,200 --> 00:03:18,959 Speaker 3: their games. It was interesting to see Constellation Energy, which 78 00:03:19,000 --> 00:03:23,400 Speaker 3: actually did the deal rally and then pull off that level. 79 00:03:23,440 --> 00:03:25,320 Speaker 3: So we're seeing it a little bit lower as we speak. 80 00:03:25,320 --> 00:03:25,920 Speaker 3: Where do you want to go? 81 00:03:26,040 --> 00:03:28,080 Speaker 1: I want to go to Broadcon because we're expecting to 82 00:03:28,080 --> 00:03:29,920 Speaker 1: hear from the company this week exactly. 83 00:03:30,040 --> 00:03:31,800 Speaker 4: And as we're looking at shares today, they're hitting your 84 00:03:31,840 --> 00:03:35,760 Speaker 4: highest interning level ever. And this is after the company 85 00:03:35,800 --> 00:03:39,680 Speaker 4: began shipping a new version of its data center switch chips. 86 00:03:39,680 --> 00:03:42,400 Speaker 4: It's called the Tomahawks six and the new chip is 87 00:03:42,400 --> 00:03:45,880 Speaker 4: expected to boost efficiency of AI accelerators and they say 88 00:03:45,880 --> 00:03:48,960 Speaker 4: that it can do the work of six previous versions, 89 00:03:48,960 --> 00:03:51,600 Speaker 4: So it sounds like a pretty strong thing here that 90 00:03:51,640 --> 00:03:54,080 Speaker 4: we have going. But customers are saying, we'll pay about 91 00:03:54,120 --> 00:03:57,320 Speaker 4: twice as much as the old one. That's nearly twenty 92 00:03:57,400 --> 00:03:58,680 Speaker 4: thousand dollars a piece. 93 00:03:58,960 --> 00:04:02,080 Speaker 1: That's of course take our a the Goo and Constellation 94 00:04:02,240 --> 00:04:07,600 Speaker 1: is CEG as well. Interesting to see Broadcom getting having 95 00:04:07,640 --> 00:04:08,240 Speaker 1: the buying. 96 00:04:08,080 --> 00:04:11,240 Speaker 4: Lately, right right, I mean, it's definitely interesting, especially when 97 00:04:11,280 --> 00:04:13,440 Speaker 4: we're looking at a performance against a lot of its peers. 98 00:04:13,480 --> 00:04:16,000 Speaker 4: I mean, of course, everyone's always has their eyes on 99 00:04:16,120 --> 00:04:19,040 Speaker 4: Nvidia when we think about those in the semiconductor space, 100 00:04:19,040 --> 00:04:21,080 Speaker 4: and especially as people are really parsing through their earnings 101 00:04:21,080 --> 00:04:21,400 Speaker 4: that they. 102 00:04:21,320 --> 00:04:22,080 Speaker 2: Had last week. 103 00:04:22,160 --> 00:04:24,080 Speaker 4: So lots to keep an eye on. 104 00:04:25,880 --> 00:04:30,040 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 105 00:04:30,120 --> 00:04:32,880 Speaker 2: us throughout the day for the latest roundup of companies 106 00:04:32,920 --> 00:04:35,960 Speaker 2: making news on Wall Street and for the latest market 107 00:04:36,000 --> 00:04:40,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 108 00:04:40,400 --> 00:04:43,640 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 109 00:04:43,720 --> 00:04:45,200 Speaker 2: the Bloomberg Business app.