WEBVTT - Dollar General Jumps, Constellation Higher on Meta Deal, Broadcom Rises

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers podcast, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Carol Master at long with Tim's Stanovic Life here at

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<v Speaker 3>Bloomberg headquarters in New York City. Let's take look at

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<v Speaker 3>some stocks on the move with us is Bloomberg News

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<v Speaker 3>Equities reporter Nora Melinda joining us here in studio. Dollar

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<v Speaker 3>General man on a tear?

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<v Speaker 2>How long is a taire?

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<v Speaker 4>It's up as much as sixteen percent of about fifteen

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<v Speaker 4>percent right now. It's the biggest gator in the S

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<v Speaker 4>and P five hundred right now, best performing stock. And

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<v Speaker 4>of course this is after an increase and boosted its

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<v Speaker 4>annual guidance. And they're saying that this is due to

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<v Speaker 4>them luring more higher income shoppers that are looking for deals.

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<v Speaker 4>So they're also mentioning that their core customer base is

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<v Speaker 4>feeling a bit financially strapped, but they're saying that they're

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<v Speaker 4>able to actually entice those middle and higher income buyers

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<v Speaker 4>that are looking for some deals there.

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<v Speaker 1>So maybe these buyers are leaving where they traditionally would shop,

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<v Speaker 1>such as like a Target or something right, and trading down, Yes.

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<v Speaker 4>And that's essentially what they're saying here. And then also

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<v Speaker 4>they're saying that they don't really expect to have much

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<v Speaker 4>of an effect for tariffs, which of course is really

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<v Speaker 4>huge and that was really good news. They're saying they

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<v Speaker 4>expect to mitigate a significant amount of the tariffs that

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<v Speaker 4>are currently in place. And when you look at it

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<v Speaker 4>against its peers, I mean you have Dollar Tree, of

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<v Speaker 4>course that's also gaining off of this news, but I

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<v Speaker 4>mean we're looking at Dollar General up about forty seven

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<v Speaker 4>percent so far this year, and that's against Dollar Tree,

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<v Speaker 4>which is up about twenty nine percent so far for

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<v Speaker 4>the same period.

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<v Speaker 1>Cheryl, this is wild because we're seeing a lot of

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<v Speaker 1>different signals being sent. We're seeing some on some levels

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<v Speaker 1>the consumers strong. On other levels, we're seeing wait a second,

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<v Speaker 1>even the consumers who traditionally would not shop at a

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<v Speaker 1>store such as this, Yeah, are trading down and looking

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<v Speaker 1>for deals. And that's essentially what the CEO said, They're

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<v Speaker 1>looking for deals amid a weekning amid weekening sentiment.

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<v Speaker 2>Yeah.

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<v Speaker 3>I find that interesting. Remember we've talked about this in

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<v Speaker 3>the past, where we've seen kind of a wealthier consumer also,

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<v Speaker 3>you know, shopping at places where they look for a deal.

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<v Speaker 3>We should point out too that Dollar Tree reports its

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<v Speaker 3>results before the market opened tomorrow.

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<v Speaker 1>Nor The company also said about twenty five percent of

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<v Speaker 1>the retailer's customers have less income than they did last year.

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<v Speaker 1>That's a survey that they did.

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<v Speaker 4>I mean, that's so interesting and I'm curious if you

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<v Speaker 4>were to pop over there is everything still a dollar

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<v Speaker 4>or I can tell you that we're pushing above now

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<v Speaker 4>it's just called.

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<v Speaker 3>Hey, stocks up almost thirty percent year to date, but again,

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<v Speaker 3>a lot of that's probably because of today's move. Let's

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<v Speaker 3>go to a big story of the day. One of

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<v Speaker 3>the most read on the Bloomberg has to do with

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<v Speaker 3>what's going on with nuclear stocks.

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<v Speaker 4>Yes, so we're seeing nuclear stocks that have been getting

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<v Speaker 4>a pop today. I've pretty much got eyes on Consolation Energy.

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<v Speaker 4>We did see it up as much as nine percent earlier,

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<v Speaker 4>but we are seeing it sharply pairing its gains. When

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<v Speaker 4>I last checked, it was in the red. But this

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<v Speaker 4>is after Consulation Energy was in the news because it

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<v Speaker 4>struck a deal with Meta Platforms, and some are saying

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<v Speaker 4>that this deal could be bigger than the one that

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<v Speaker 4>they had with Microsoft. So it's interesting that we are

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<v Speaker 4>seeing the stock here in the red right now. But

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<v Speaker 4>essentially the AI boom is sending demand for nuclear power soaring.

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<v Speaker 4>And this is a twenty year contract that they're going

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<v Speaker 4>to be having here. It's expected to kick off in

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<v Speaker 4>mid twenty twenty seven. So lots to keep an eye

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<v Speaker 4>on in this space. And I mean, if you look

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<v Speaker 4>at the year to date performance up forty percent, I love.

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<v Speaker 3>This story, you know. I two was looking at the

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<v Speaker 3>Nuclear Stocks group because some of the names held onto

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<v Speaker 3>their games. It was interesting to see Constellation Energy, which

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<v Speaker 3>actually did the deal rally and then pull off that level.

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<v Speaker 3>So we're seeing it a little bit lower as we speak.

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<v Speaker 3>Where do you want to go?

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<v Speaker 1>I want to go to Broadcon because we're expecting to

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<v Speaker 1>hear from the company this week exactly.

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<v Speaker 4>And as we're looking at shares today, they're hitting your

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<v Speaker 4>highest interning level ever. And this is after the company

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<v Speaker 4>began shipping a new version of its data center switch chips.

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<v Speaker 4>It's called the Tomahawks six and the new chip is

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<v Speaker 4>expected to boost efficiency of AI accelerators and they say

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<v Speaker 4>that it can do the work of six previous versions,

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<v Speaker 4>So it sounds like a pretty strong thing here that

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<v Speaker 4>we have going. But customers are saying, we'll pay about

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<v Speaker 4>twice as much as the old one. That's nearly twenty

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<v Speaker 4>thousand dollars a piece.

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<v Speaker 1>That's of course take our a the Goo and Constellation

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<v Speaker 1>is CEG as well. Interesting to see Broadcom getting having

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<v Speaker 1>the buying.

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<v Speaker 4>Lately, right right, I mean, it's definitely interesting, especially when

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<v Speaker 4>we're looking at a performance against a lot of its peers.

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<v Speaker 4>I mean, of course, everyone's always has their eyes on

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<v Speaker 4>Nvidia when we think about those in the semiconductor space,

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<v Speaker 4>and especially as people are really parsing through their earnings

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<v Speaker 4>that they.

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<v Speaker 2>Had last week.

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<v Speaker 4>So lots to keep an eye on.

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