Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Carol Master at long with Tim's Stanovic Life here at
Speaker 3: Bloomberg headquarters in New York City. Let's take look at
Speaker 3: some stocks on the move with us is Bloomberg News
Speaker 3: Equities reporter Nora Melinda joining us here in studio. Dollar
Speaker 3: General man on a tear?
Speaker 2: How long is a taire?
Speaker 4: It's up as much as sixteen percent of about fifteen
Speaker 4: percent right now. It's the biggest gator in the S
Speaker 4: and P five hundred right now, best performing stock. And
Speaker 4: of course this is after an increase and boosted its
Speaker 4: annual guidance. And they're saying that this is due to
Speaker 4: them luring more higher income shoppers that are looking for deals.
Speaker 4: So they're also mentioning that their core customer base is
Speaker 4: feeling a bit financially strapped, but they're saying that they're
Speaker 4: able to actually entice those middle and higher income buyers
Speaker 4: that are looking for some deals there.
Speaker 1: So maybe these buyers are leaving where they traditionally would shop,
Speaker 1: such as like a Target or something right, and trading down, Yes.
Speaker 4: And that's essentially what they're saying here. And then also
Speaker 4: they're saying that they don't really expect to have much
Speaker 4: of an effect for tariffs, which of course is really
Speaker 4: huge and that was really good news. They're saying they
Speaker 4: expect to mitigate a significant amount of the tariffs that
Speaker 4: are currently in place. And when you look at it
Speaker 4: against its peers, I mean you have Dollar Tree, of
Speaker 4: course that's also gaining off of this news, but I
Speaker 4: mean we're looking at Dollar General up about forty seven
Speaker 4: percent so far this year, and that's against Dollar Tree,
Speaker 4: which is up about twenty nine percent so far for
Speaker 4: the same period.
Speaker 1: Cheryl, this is wild because we're seeing a lot of
Speaker 1: different signals being sent. We're seeing some on some levels
Speaker 1: the consumers strong. On other levels, we're seeing wait a second,
Speaker 1: even the consumers who traditionally would not shop at a
Speaker 1: store such as this, Yeah, are trading down and looking
Speaker 1: for deals. And that's essentially what the CEO said, They're
Speaker 1: looking for deals amid a weekning amid weekening sentiment.
Speaker 2: Yeah.
Speaker 3: I find that interesting. Remember we've talked about this in
Speaker 3: the past, where we've seen kind of a wealthier consumer also,
Speaker 3: you know, shopping at places where they look for a deal.
Speaker 3: We should point out too that Dollar Tree reports its
Speaker 3: results before the market opened tomorrow.
Speaker 1: Nor The company also said about twenty five percent of
Speaker 1: the retailer's customers have less income than they did last year.
Speaker 1: That's a survey that they did.
Speaker 4: I mean, that's so interesting and I'm curious if you
Speaker 4: were to pop over there is everything still a dollar
Speaker 4: or I can tell you that we're pushing above now
Speaker 4: it's just called.
Speaker 3: Hey, stocks up almost thirty percent year to date, but again,
Speaker 3: a lot of that's probably because of today's move. Let's
Speaker 3: go to a big story of the day. One of
Speaker 3: the most read on the Bloomberg has to do with
Speaker 3: what's going on with nuclear stocks.
Speaker 4: Yes, so we're seeing nuclear stocks that have been getting
Speaker 4: a pop today. I've pretty much got eyes on Consolation Energy.
Speaker 4: We did see it up as much as nine percent earlier,
Speaker 4: but we are seeing it sharply pairing its gains. When
Speaker 4: I last checked, it was in the red. But this
Speaker 4: is after Consulation Energy was in the news because it
Speaker 4: struck a deal with Meta Platforms, and some are saying
Speaker 4: that this deal could be bigger than the one that
Speaker 4: they had with Microsoft. So it's interesting that we are
Speaker 4: seeing the stock here in the red right now. But
Speaker 4: essentially the AI boom is sending demand for nuclear power soaring.
Speaker 4: And this is a twenty year contract that they're going
Speaker 4: to be having here. It's expected to kick off in
Speaker 4: mid twenty twenty seven. So lots to keep an eye
Speaker 4: on in this space. And I mean, if you look
Speaker 4: at the year to date performance up forty percent, I love.
Speaker 3: This story, you know. I two was looking at the
Speaker 3: Nuclear Stocks group because some of the names held onto
Speaker 3: their games. It was interesting to see Constellation Energy, which
Speaker 3: actually did the deal rally and then pull off that level.
Speaker 3: So we're seeing it a little bit lower as we speak.
Speaker 3: Where do you want to go?
Speaker 1: I want to go to Broadcon because we're expecting to
Speaker 1: hear from the company this week exactly.
Speaker 4: And as we're looking at shares today, they're hitting your
Speaker 4: highest interning level ever. And this is after the company
Speaker 4: began shipping a new version of its data center switch chips.
Speaker 4: It's called the Tomahawks six and the new chip is
Speaker 4: expected to boost efficiency of AI accelerators and they say
Speaker 4: that it can do the work of six previous versions,
Speaker 4: So it sounds like a pretty strong thing here that
Speaker 4: we have going. But customers are saying, we'll pay about
Speaker 4: twice as much as the old one. That's nearly twenty
Speaker 4: thousand dollars a piece.
Speaker 1: That's of course take our a the Goo and Constellation
Speaker 1: is CEG as well. Interesting to see Broadcom getting having
Speaker 1: the buying.
Speaker 4: Lately, right right, I mean, it's definitely interesting, especially when
Speaker 4: we're looking at a performance against a lot of its peers.
Speaker 4: I mean, of course, everyone's always has their eyes on
Speaker 4: Nvidia when we think about those in the semiconductor space,
Speaker 4: and especially as people are really parsing through their earnings
Speaker 4: that they.
Speaker 2: Had last week.
Speaker 4: So lots to keep an eye on.
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