1
00:00:02,520 --> 00:00:08,720
Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:15,880
Speaker 2: the stock market, harnessing the power of Bloomberg data.

4
00:00:16,920 --> 00:00:19,000
Speaker 1: So let's take a look at some individual market movers.

5
00:00:19,040 --> 00:00:21,360
Speaker 1: Now she's back, she's in the studio. It's Nora and

6
00:00:21,400 --> 00:00:22,600
Speaker 1: Melinda nor What are you watching.

7
00:00:22,960 --> 00:00:24,480
Speaker 3: Well, I've got my eyes on the tech sector. This

8
00:00:24,520 --> 00:00:26,320
Speaker 3: is something that we've been watching all day, given the

9
00:00:26,400 --> 00:00:28,920
Speaker 3: risk off sentiment that we've seen in this thin trading

10
00:00:29,000 --> 00:00:31,760
Speaker 3: day in the market. Looking at shares of Nvidia that's

11
00:00:31,800 --> 00:00:35,559
Speaker 3: ticker VDA shares her down about one point eight percent.

12
00:00:35,640 --> 00:00:38,160
Speaker 3: I mean, it's just interesting, especially if we just flashback

13
00:00:38,400 --> 00:00:41,320
Speaker 3: to November. We heard from Michael Burry he did put

14
00:00:41,360 --> 00:00:44,480
Speaker 3: up at November disclosure from sky On Asset Management where

15
00:00:44,720 --> 00:00:47,280
Speaker 3: they held so that they held protective put options on

16
00:00:47,320 --> 00:00:50,720
Speaker 3: both Nvidia and Palenteer. We're seeing both of those shares lowers.

17
00:00:50,720 --> 00:00:53,199
Speaker 3: So it's literally interesting, especially especially as I'm talking to

18
00:00:53,680 --> 00:00:55,800
Speaker 3: sources on Wall Street just trying to get an idea.

19
00:00:55,880 --> 00:00:57,880
Speaker 3: Is this a bit of profit taking or are we

20
00:00:57,960 --> 00:00:59,880
Speaker 3: heading into twenty twenty six and you know, people are

21
00:01:00,160 --> 00:01:04,200
Speaker 3: of trying to veer away from that traditional megacap Ai trade.

22
00:01:04,240 --> 00:01:06,320
Speaker 4: Well, yes, I mean you look at the Mag seven right,

23
00:01:06,400 --> 00:01:08,880
Speaker 4: I think, oh what six of the Mag seven are

24
00:01:08,920 --> 00:01:09,440
Speaker 4: down today?

25
00:01:09,520 --> 00:01:13,240
Speaker 3: Absolutely, and we're seeing Tesla as the worst performer Tsla

26
00:01:13,440 --> 00:01:15,160
Speaker 3: in that Mag seven index that we have on the

27
00:01:15,200 --> 00:01:15,959
Speaker 3: Bloomberg terminal.

28
00:01:16,200 --> 00:01:19,560
Speaker 1: Yeah, it's incredible how Tesla just continues to go higher, right,

29
00:01:19,560 --> 00:01:23,120
Speaker 1: I mean, it's unbelievable. So, Nora, you we're looking at

30
00:01:23,160 --> 00:01:24,400
Speaker 1: other stocks as well.

31
00:01:24,520 --> 00:01:27,759
Speaker 3: Yes, we've talked about Lululemon. I still am watching that.

32
00:01:27,840 --> 00:01:30,479
Speaker 3: We're seeing shares that are higher right now, up about

33
00:01:30,480 --> 00:01:32,920
Speaker 3: one point four percent. So we got the news that

34
00:01:33,000 --> 00:01:36,640
Speaker 3: the founder, Chip Wilson, is pushing for changes to the

35
00:01:36,720 --> 00:01:39,800
Speaker 3: board before they select a new CEO of the company.

36
00:01:39,840 --> 00:01:43,640
Speaker 3: So he nominated three individuals NWD board candidates at their

37
00:01:43,720 --> 00:01:46,240
Speaker 3: twenty twenty six annual meeting. But this is a stock

38
00:01:46,280 --> 00:01:48,760
Speaker 3: that's really been pattered so far this year. Shares are

39
00:01:48,840 --> 00:01:51,919
Speaker 3: down forty five percent on a year to date basis.

40
00:01:51,920 --> 00:01:54,200
Speaker 3: I was looking at a bi no Bloomberg intelligence note

41
00:01:54,200 --> 00:01:57,520
Speaker 3: that said that Lulu's goal to double sales to twelve

42
00:01:57,560 --> 00:02:00,000
Speaker 3: and a half billion dollars next year is quote unquote

43
00:02:00,240 --> 00:02:01,240
Speaker 3: likely out of reach.

44
00:02:01,400 --> 00:02:03,640
Speaker 4: I got to tell you. I know they've been around

45
00:02:03,640 --> 00:02:05,080
Speaker 4: for a long time and they've got to figure out

46
00:02:05,080 --> 00:02:06,040
Speaker 4: maybe the product mix.

47
00:02:06,080 --> 00:02:06,720
Speaker 2: But I love.

48
00:02:06,640 --> 00:02:11,079
Speaker 4: Lululemon, and I have Lululemons that I've owned four years.

49
00:02:12,160 --> 00:02:14,200
Speaker 1: I mean, I've never owned anything by lu lu Lenon.

50
00:02:14,240 --> 00:02:14,639
Speaker 1: That's a term.

51
00:02:14,760 --> 00:02:15,280
Speaker 2: Neither have I.

52
00:02:15,760 --> 00:02:17,720
Speaker 1: It just speaks to how a little exercise.

53
00:02:18,200 --> 00:02:20,440
Speaker 4: No no, no, no, no no no, don't say that.

54
00:02:21,160 --> 00:02:23,360
Speaker 4: Let's get to one. Don't talk about this one a

55
00:02:23,360 --> 00:02:26,799
Speaker 4: lot tickers DBRG Digital Bridge, but it's definitely moving in

56
00:02:26,840 --> 00:02:27,919
Speaker 4: today's definitely moving.

57
00:02:27,960 --> 00:02:30,160
Speaker 3: We were seeing it earlier up for double digit gains.

58
00:02:30,240 --> 00:02:32,720
Speaker 3: Now it's about up about nine point eight percent. This

59
00:02:32,800 --> 00:02:36,280
Speaker 3: is the data center company. And essentially we did hear

60
00:02:36,440 --> 00:02:40,359
Speaker 3: that SoftBank is buying the company for about three billion dollars.

61
00:02:40,760 --> 00:02:44,160
Speaker 3: This is a sixty five percent premium to Digital Bridges

62
00:02:44,200 --> 00:02:47,480
Speaker 3: closing share price earlier this month, back on December fourth.

63
00:02:47,639 --> 00:02:50,280
Speaker 3: So this transaction is expected to close in the second

64
00:02:50,320 --> 00:02:53,760
Speaker 3: half of next year, pending regulatory approvals. But clearly you

65
00:02:53,800 --> 00:02:56,120
Speaker 3: are seeing the stock getting a pop here. Shares are

66
00:02:56,200 --> 00:02:58,880
Speaker 3: up about thirty six percent so far this year. But

67
00:02:58,960 --> 00:03:02,040
Speaker 3: Raymond James, though saying that they call this deal quote

68
00:03:02,080 --> 00:03:04,120
Speaker 3: unquote underwhelming in terms of the deal price.

69
00:03:04,440 --> 00:03:07,360
Speaker 1: Yeah, they thought eighteen would be a better price, right,

70
00:03:07,440 --> 00:03:09,800
Speaker 1: So then you actually saw the stock pop more than

71
00:03:09,840 --> 00:03:12,320
Speaker 1: thirty percent in pre market trading and then just a

72
00:03:12,400 --> 00:03:14,799
Speaker 1: nine percent gain in regular market trading. It is fascinating

73
00:03:14,800 --> 00:03:18,000
Speaker 1: that we asked a guest earlier who used to work

74
00:03:18,040 --> 00:03:20,280
Speaker 1: at the Vision Fund about this and he said, look,

75
00:03:20,280 --> 00:03:23,400
Speaker 1: I would not bet against Masochison. Maybe his timing isn't

76
00:03:23,400 --> 00:03:26,080
Speaker 1: always perfect, but you know, generally what he does is

77
00:03:26,120 --> 00:03:26,880
Speaker 1: pretty impressive.

78
00:03:27,080 --> 00:03:29,200
Speaker 4: Yeah, and just a reminder the AI play right and

79
00:03:29,480 --> 00:03:32,880
Speaker 4: making within that sector continues even with the questions. As

80
00:03:32,919 --> 00:03:34,519
Speaker 4: we get ready to wrap up twenty twenty five and

81
00:03:34,560 --> 00:03:35,400
Speaker 4: head into the new year.

82
00:03:35,440 --> 00:03:36,600
Speaker 3: From M and A Action for this.

83
00:03:36,600 --> 00:03:42,680
Speaker 2: Monday, the Stock Mover's Report from Bloomberg Radio. Check back

84
00:03:42,720 --> 00:03:44,920
Speaker 2: with us throughout the day for the latest roundup of

85
00:03:45,000 --> 00:03:48,280
Speaker 2: companies making news on Wall Street and for the latest

86
00:03:48,320 --> 00:03:52,520
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

87
00:03:52,560 --> 00:03:56,280
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

88
00:03:56,320 --> 00:03:58,280
Speaker 2: Auto with the Bloomberg Business app.