WEBVTT - Furniture Companies Up, Tesla Outperforms, Under Armour Rises

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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

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

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<v Speaker 3>For the broader market, to some of the individual names

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<v Speaker 3>making big waves in equity space. Today, I want to

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<v Speaker 3>bring in Bloomberg Market's correspondent, Normal Linda. She's here to

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<v Speaker 3>dive into the market action. You're looking at some stocks

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<v Speaker 3>that on the rise due to some kind of relief

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<v Speaker 3>from tariff concerns.

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<v Speaker 4>Absolutely, it's really been a light trading day, given the

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<v Speaker 4>fact that it's a holiday shortened week, but we are

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<v Speaker 4>seeing some of the individual movers really focus in the

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<v Speaker 4>home furniture space and looking at our Ah as well

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<v Speaker 4>as Wayfair, We're see shares of both companies charging higher. This,

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<v Speaker 4>of course, is after we did get news that President

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<v Speaker 4>Trump delayed tariff increases on both upholstered furniture, kitchen cabinets

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<v Speaker 4>as well as vanities. We know that these higher tariffs

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<v Speaker 4>were set to take effect Thursday, but they're now going

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<v Speaker 4>to be taking effect in January first of twenty twenty seven.

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<v Speaker 4>That's according to a fact sheet that we got out

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<v Speaker 4>of the White House. So we're seeing shares of both

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<v Speaker 4>of those companies, URH and Wayfair charging higher. But we

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<v Speaker 4>do know that URH really did have a tough year.

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<v Speaker 4>If you look just last year, it lost more than

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<v Speaker 4>half of its value. So just to put that into

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<v Speaker 4>context in terms of the move that we are seeing today,

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<v Speaker 4>but Wayfair did have a pretty stellar year for pretty

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<v Speaker 4>spell Live to say the least, the one hundred and

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<v Speaker 4>twenty seven percent to the upside. That's so yeah, if

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<v Speaker 4>I say so.

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<v Speaker 5>Well, we talked with the Wayfair executive c suite a lot,

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<v Speaker 5>and they talk about, you know, they're basically a platform

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<v Speaker 5>for sellers.

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<v Speaker 1>That inventory that they have to worry about.

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<v Speaker 5>No, but you know they're obviously they're companies that sell

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<v Speaker 5>on their platform do but they've She also talked about

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<v Speaker 5>a lot of suppliers finding other markets to manufacture in

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<v Speaker 5>that maybe have lower tear if so a bit of

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<v Speaker 5>a pivot, yeah, exactly if they go.

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<v Speaker 1>To North Carolina like President Trump wants them to do.

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<v Speaker 5>Yeah, we shall see. We shall see, all right too.

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<v Speaker 4>Under Armour we go, yes, looking at the consumer space,

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<v Speaker 4>So we're looking at under Our, where we saw shares

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<v Speaker 4>that climbed as much as ten percent today, this is

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<v Speaker 4>the most in nearly seven months. But I mean, this

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<v Speaker 4>is also a stock that's been quite battered, lost forty

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<v Speaker 4>percent of its value last year. We did see four

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<v Speaker 4>back to back years of declines for this company. But

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<v Speaker 4>today we're seeing it in the green. And this is

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<v Speaker 4>because UBS analysts so that they see improving EPs and

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<v Speaker 4>sales growth boosting the stock's valuation. So it seems as

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<v Speaker 4>though some traders out in the market are taking this

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<v Speaker 4>and clearly buying in on it. But of course it

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<v Speaker 4>is a stock that's really really been struggling.

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<v Speaker 3>Well, speaking of stock that is struggling, today, Tesla is

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<v Speaker 3>moving to the downside by about two percent.

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<v Speaker 1>What's going on with Tesla?

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<v Speaker 4>Yeah, Tesla, we're seeing share sliding. This is after just

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<v Speaker 4>an eleven percent gained that we saw a year to

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<v Speaker 4>date for twenty twenty five. But we did see that

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<v Speaker 4>Tesla is essentially giving up its title as the world's

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<v Speaker 4>top seller of evs to a Chinese competitor BID. I mean,

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<v Speaker 4>it may not be as popular in the United States,

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<v Speaker 4>but super super popular in China. But we did see

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<v Speaker 4>that BID increase its battery electric vehicle sales, delivering almost

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<v Speaker 4>two point twenty six million last year, and that's in

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<v Speaker 4>comparison to Tusla's one point six y four million, So

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<v Speaker 4>a bit of shift in power here.

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<v Speaker 1>Don't see those on the streets here in the US.

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<v Speaker 5>Reyeah, you know, yes, But there's definitely more all over

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<v Speaker 5>the uration, all over Europe.

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<v Speaker 4>Yeah, yep, saw a lot when I was in Thailand,

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<v Speaker 4>did you I did?

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<v Speaker 1>What'd you think?

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<v Speaker 4>I thought they were pretty cool?

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<v Speaker 1>Okay.

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