1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: This Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,520 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,880 --> 00:00:18,920 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,960 --> 00:00:22,360 Speaker 1: I'm Nathan Hager. We're joined by Bloomberg's Critty Gupta with 6 00:00:22,520 --> 00:00:25,880 Speaker 1: the biggest stock on the move this morning, the big 7 00:00:25,920 --> 00:00:28,520 Speaker 1: earning story of the morning, Home Depot. 8 00:00:28,640 --> 00:00:31,000 Speaker 3: Good morning, Critty, Good morning Nathan. 9 00:00:31,240 --> 00:00:33,840 Speaker 4: Home Depot shares on the up and up this morning, 10 00:00:33,880 --> 00:00:36,160 Speaker 4: despite the rest of the market dealing with a little 11 00:00:36,200 --> 00:00:38,280 Speaker 4: bit of doomsday turn around to the downside, as you mentioned, 12 00:00:38,280 --> 00:00:41,599 Speaker 4: but Home Depot fighting against the trend. HD is your 13 00:00:41,640 --> 00:00:44,720 Speaker 4: taker hire by about three point three percent, treating Josh, 14 00:00:44,720 --> 00:00:47,680 Speaker 4: I have three hundred and ninety two dollars a share. 15 00:00:48,040 --> 00:00:50,640 Speaker 4: That being said, it looks like it did fall short 16 00:00:50,840 --> 00:00:53,599 Speaker 4: of some of those estimates. The sales for home Depot 17 00:00:53,800 --> 00:00:56,560 Speaker 4: came in less than expect to the comp sales dropping 18 00:00:56,560 --> 00:01:00,160 Speaker 4: about zero point three percent as well, and a lot 19 00:01:00,200 --> 00:01:01,880 Speaker 4: of narratives that you don't want to hear from the 20 00:01:01,880 --> 00:01:06,320 Speaker 4: company's CFO talking about a weakening consumer sentiment, economic turbulence, 21 00:01:06,920 --> 00:01:10,800 Speaker 4: consumers differing larger projects because of the rate environment, a 22 00:01:10,800 --> 00:01:14,240 Speaker 4: lot of that DIY kind of traffic that Home Depot 23 00:01:14,319 --> 00:01:17,320 Speaker 4: and Lows by the way, had gotten not there as 24 00:01:17,400 --> 00:01:21,000 Speaker 4: much to this extent. But that being said, they did 25 00:01:21,160 --> 00:01:23,759 Speaker 4: talk about maintaining their full year forecast. They're still talking 26 00:01:23,760 --> 00:01:27,000 Speaker 4: about investing in terms of more of their professional community 27 00:01:27,040 --> 00:01:29,800 Speaker 4: instead of leaning into the DIY base that they had 28 00:01:29,840 --> 00:01:32,280 Speaker 4: been for the last couple of years. And that is 29 00:01:32,360 --> 00:01:35,479 Speaker 4: actually good news because going into this earnings report, Nathan, 30 00:01:35,800 --> 00:01:37,160 Speaker 4: the expectations were low. 31 00:01:37,240 --> 00:01:38,839 Speaker 3: So it's one of those stories where it's. 32 00:01:38,680 --> 00:01:42,920 Speaker 4: Simply that the earnings didn't come in as bad as expected. 33 00:01:42,959 --> 00:01:45,480 Speaker 4: So Home Depot shares hired by about three point three percent. 34 00:01:45,560 --> 00:01:48,400 Speaker 4: Like I said, trading three hundred and ninety two dollars 35 00:01:48,480 --> 00:01:51,400 Speaker 4: a share, HD is your ticker. 36 00:01:51,400 --> 00:01:53,120 Speaker 3: I want to get a quick check. 37 00:01:52,920 --> 00:01:55,000 Speaker 4: On Lows as well, because you know those two stocks 38 00:01:55,000 --> 00:01:58,040 Speaker 4: move hand in hand. This morning, not moving a ton 39 00:01:58,120 --> 00:02:00,880 Speaker 4: to the upside though, down by about two tenths of 40 00:02:00,920 --> 00:02:04,720 Speaker 4: one percent on Low's Low is your ticker trading at 41 00:02:04,720 --> 00:02:08,240 Speaker 4: about two hundred and thirty three dollars a share, So 42 00:02:08,280 --> 00:02:10,120 Speaker 4: that's going to be one that we keep an eye 43 00:02:10,200 --> 00:02:12,280 Speaker 4: on quite substantially. I want to get a quick check 44 00:02:12,280 --> 00:02:13,840 Speaker 4: on some of the tech names as well, Nathan, if 45 00:02:13,880 --> 00:02:16,079 Speaker 4: you'll indulge me here. I know we talk about in 46 00:02:16,200 --> 00:02:19,200 Speaker 4: video all the time, but it's worth talking about again 47 00:02:19,280 --> 00:02:21,160 Speaker 4: this morning because those shares are down about two tenths 48 00:02:21,200 --> 00:02:24,160 Speaker 4: of one percent, trading one hundred and thirty five dollars 49 00:02:24,200 --> 00:02:24,519 Speaker 4: a share. 50 00:02:24,560 --> 00:02:26,079 Speaker 3: And the reason I bring this up. 51 00:02:26,320 --> 00:02:29,280 Speaker 4: Is simply because the rebound of Monday, so much of 52 00:02:29,360 --> 00:02:33,040 Speaker 4: the volume had come from the retail trading base, and 53 00:02:33,040 --> 00:02:34,560 Speaker 4: I think that's really important. So you have to go 54 00:02:34,560 --> 00:02:37,320 Speaker 4: to check some of your retail favorites this morning in 55 00:02:37,440 --> 00:02:39,480 Speaker 4: terms of how they're doing. Some of that analysis coming 56 00:02:39,480 --> 00:02:42,079 Speaker 4: from the JPMorgan trading desk in terms of who was 57 00:02:42,160 --> 00:02:44,880 Speaker 4: driving Monday's rally. But given that we are seeing a 58 00:02:44,919 --> 00:02:47,120 Speaker 4: little bit of a breather in the futures picture this morning, 59 00:02:47,120 --> 00:02:49,320 Speaker 4: and video shares certainly a part of that, I'm going 60 00:02:49,400 --> 00:02:50,639 Speaker 4: to go to a couple of others as well. 61 00:02:50,720 --> 00:02:52,600 Speaker 3: Coinbase has very much been in the news. 62 00:02:53,000 --> 00:02:57,560 Speaker 4: Coin is your ticker also a retail favorite this morning, 63 00:02:57,560 --> 00:03:00,200 Speaker 4: and we know it has been not only gained the 64 00:03:00,280 --> 00:03:02,640 Speaker 4: into the gains actually access to the S and P 65 00:03:02,720 --> 00:03:05,359 Speaker 4: five hundred, but it's also been dealing with lawsuits and 66 00:03:05,400 --> 00:03:07,959 Speaker 4: a few scandals there as well. But COI n those 67 00:03:07,960 --> 00:03:10,800 Speaker 4: shares actually hire this morning in line with the bitcoin trade, 68 00:03:10,880 --> 00:03:13,560 Speaker 4: hire by one point one percent, trading at two hundred 69 00:03:13,600 --> 00:03:15,840 Speaker 4: and sixty seven dollars a share. Really keep an eye 70 00:03:15,880 --> 00:03:18,160 Speaker 4: on the cryptocurrency space because, of course we know in 71 00:03:18,200 --> 00:03:20,640 Speaker 4: the last twenty four hours some progress being made in 72 00:03:20,680 --> 00:03:23,240 Speaker 4: the Senate. I believe when it comes to that cryptocurrency 73 00:03:23,280 --> 00:03:25,160 Speaker 4: bill that is very much showing up in a lot 74 00:03:25,200 --> 00:03:27,120 Speaker 4: of those crypto names. A coinbase is just one. I 75 00:03:27,120 --> 00:03:31,040 Speaker 4: want to look at Marathon Holdings as another. MRA is 76 00:03:31,080 --> 00:03:33,560 Speaker 4: one to look at higher by three tenths of one percent. 77 00:03:33,680 --> 00:03:37,840 Speaker 4: A similar story for Riot blockchain as well, oriot is 78 00:03:37,880 --> 00:03:38,400 Speaker 4: your move. 79 00:03:38,360 --> 00:03:39,800 Speaker 3: Higher by eight tenths of one percent? 80 00:03:39,840 --> 00:03:42,720 Speaker 4: So, Nathan, in a market that's broadly lowered this morning, 81 00:03:42,760 --> 00:03:44,840 Speaker 4: cryptocurrency stocks beating the trend. 82 00:03:46,240 --> 00:03:50,280 Speaker 2: This stock Mover's report from Bloomberg Radio. Check back with 83 00:03:50,360 --> 00:03:52,920 Speaker 2: us throughout the day for the latest roundup of companies 84 00:03:53,000 --> 00:03:56,080 Speaker 2: making news on Wall Street and for the latest market 85 00:03:56,120 --> 00:04:00,600 Speaker 2: moving headlines. 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