WEBVTT - DigitalBridge Surges on Softbank Talks, Tech Stocks Slip, Lululemon Edges Higher

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

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

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

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<v Speaker 1>So let's take a look at some individual market movers.

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<v Speaker 1>Now she's back, she's in the studio. It's Nora and

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<v Speaker 1>Melinda nor What are you watching.

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<v Speaker 3>Well, I've got my eyes on the tech sector. This

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<v Speaker 3>is something that we've been watching all day, given the

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<v Speaker 3>risk off sentiment that we've seen in this thin trading

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<v Speaker 3>day in the market. Looking at shares of Nvidia that's

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<v Speaker 3>ticker VDA shares her down about one point eight percent.

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<v Speaker 3>I mean, it's just interesting, especially if we just flashback

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<v Speaker 3>to November. We heard from Michael Burry he did put

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<v Speaker 3>up at November disclosure from sky On Asset Management where

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<v Speaker 3>they held so that they held protective put options on

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<v Speaker 3>both Nvidia and Palenteer. We're seeing both of those shares lowers.

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<v Speaker 3>So it's literally interesting, especially especially as I'm talking to

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<v Speaker 3>sources on Wall Street just trying to get an idea.

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<v Speaker 3>Is this a bit of profit taking or are we

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<v Speaker 3>heading into twenty twenty six and you know, people are

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<v Speaker 3>of trying to veer away from that traditional megacap Ai trade.

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<v Speaker 4>Well, yes, I mean you look at the Mag seven right,

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<v Speaker 4>I think, oh what six of the Mag seven are

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<v Speaker 4>down today?

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<v Speaker 3>Absolutely, and we're seeing Tesla as the worst performer Tsla

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<v Speaker 3>in that Mag seven index that we have on the

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<v Speaker 3>Bloomberg terminal.

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<v Speaker 1>Yeah, it's incredible how Tesla just continues to go higher, right,

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<v Speaker 1>I mean, it's unbelievable. So, Nora, you we're looking at

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<v Speaker 1>other stocks as well.

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<v Speaker 3>Yes, we've talked about Lululemon. I still am watching that.

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<v Speaker 3>We're seeing shares that are higher right now, up about

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<v Speaker 3>one point four percent. So we got the news that

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<v Speaker 3>the founder, Chip Wilson, is pushing for changes to the

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<v Speaker 3>board before they select a new CEO of the company.

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<v Speaker 3>So he nominated three individuals NWD board candidates at their

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<v Speaker 3>twenty twenty six annual meeting. But this is a stock

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<v Speaker 3>that's really been pattered so far this year. Shares are

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<v Speaker 3>down forty five percent on a year to date basis.

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<v Speaker 3>I was looking at a bi no Bloomberg intelligence note

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<v Speaker 3>that said that Lulu's goal to double sales to twelve

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<v Speaker 3>and a half billion dollars next year is quote unquote

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<v Speaker 3>likely out of reach.

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<v Speaker 4>I got to tell you. I know they've been around

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<v Speaker 4>for a long time and they've got to figure out

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<v Speaker 4>maybe the product mix.

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<v Speaker 2>But I love.

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<v Speaker 4>Lululemon, and I have Lululemons that I've owned four years.

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<v Speaker 1>I mean, I've never owned anything by lu lu Lenon.

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<v Speaker 1>That's a term.

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<v Speaker 2>Neither have I.

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<v Speaker 1>It just speaks to how a little exercise.

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<v Speaker 4>No no, no, no, no no no, don't say that.

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<v Speaker 4>Let's get to one. Don't talk about this one a

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<v Speaker 4>lot tickers DBRG Digital Bridge, but it's definitely moving in

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<v Speaker 4>today's definitely moving.

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<v Speaker 3>We were seeing it earlier up for double digit gains.

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<v Speaker 3>Now it's about up about nine point eight percent. This

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<v Speaker 3>is the data center company. And essentially we did hear

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<v Speaker 3>that SoftBank is buying the company for about three billion dollars.

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<v Speaker 3>This is a sixty five percent premium to Digital Bridges

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<v Speaker 3>closing share price earlier this month, back on December fourth.

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<v Speaker 3>So this transaction is expected to close in the second

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<v Speaker 3>half of next year, pending regulatory approvals. But clearly you

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<v Speaker 3>are seeing the stock getting a pop here. Shares are

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<v Speaker 3>up about thirty six percent so far this year. But

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<v Speaker 3>Raymond James, though saying that they call this deal quote

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<v Speaker 3>unquote underwhelming in terms of the deal price.

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<v Speaker 1>Yeah, they thought eighteen would be a better price, right,

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<v Speaker 1>So then you actually saw the stock pop more than

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<v Speaker 1>thirty percent in pre market trading and then just a

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<v Speaker 1>nine percent gain in regular market trading. It is fascinating

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<v Speaker 1>that we asked a guest earlier who used to work

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<v Speaker 1>at the Vision Fund about this and he said, look,

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<v Speaker 1>I would not bet against Masochison. Maybe his timing isn't

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<v Speaker 1>always perfect, but you know, generally what he does is

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<v Speaker 1>pretty impressive.

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<v Speaker 4>Yeah, and just a reminder the AI play right and

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<v Speaker 4>making within that sector continues even with the questions. As

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<v Speaker 4>we get ready to wrap up twenty twenty five and

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<v Speaker 4>head into the new year.

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<v Speaker 3>From M and A Action for this.

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<v Speaker 2>Monday, the Stock Mover's Report from Bloomberg Radio. Check back

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<v Speaker 2>with us throughout the day for the latest roundup of

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<v Speaker 2>companies making news on Wall Street and for the latest

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<v Speaker 2>market moving headlines. Listen to Bloomberg Radio Live, catch us

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