1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,880 --> 00:00:19,160 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,440 --> 00:00:22,920 Speaker 1: I'm Tim Keen with Paul Sweeney and Bloomberg's Lisa Tell. 6 00:00:23,120 --> 00:00:25,600 Speaker 1: Do you have just one stock mover or a plethora? 7 00:00:25,760 --> 00:00:26,759 Speaker 3: No, there's a plethora. 8 00:00:26,880 --> 00:00:28,840 Speaker 4: Get ready for it, Okay, because we have this AI 9 00:00:28,920 --> 00:00:33,000 Speaker 4: chip rivalry heating up in Video NVDA. Their shares are 10 00:00:33,080 --> 00:00:36,320 Speaker 4: down as much as four percent, Alphabet Googl up as 11 00:00:36,400 --> 00:00:39,599 Speaker 4: much as four percent. So the reason behind all this 12 00:00:39,640 --> 00:00:42,159 Speaker 4: is because there's a report from the Information that Medicine 13 00:00:42,200 --> 00:00:45,640 Speaker 4: Talks has spent billions on Google's AI chips, and that's 14 00:00:45,680 --> 00:00:49,040 Speaker 4: basically challenging in videos market dominance. You have Google over 15 00:00:49,120 --> 00:00:52,200 Speaker 4: Alphabet on track to hit a four trillion dollar market 16 00:00:52,280 --> 00:00:54,040 Speaker 4: valuation for the first time for the company. 17 00:00:54,440 --> 00:00:56,320 Speaker 3: So it there's a lot behind it. 18 00:00:56,400 --> 00:00:59,640 Speaker 1: Remind me like the red Sox were favored in March. Yeah, 19 00:01:00,040 --> 00:01:03,120 Speaker 1: Googled and Apple We're dead, am I right? Yeah? 20 00:01:03,200 --> 00:01:05,760 Speaker 5: I mean they were like on loove, Google's been I 21 00:01:05,760 --> 00:01:07,440 Speaker 5: didn't see it. I didn't see that big movement Google, 22 00:01:07,520 --> 00:01:10,040 Speaker 5: that's why not treading tech stocks next. 23 00:01:09,959 --> 00:01:12,040 Speaker 4: They got but they are and video stocks already. You know, 24 00:01:12,080 --> 00:01:13,720 Speaker 4: they facing the challenges. They had the fear of the 25 00:01:13,760 --> 00:01:15,280 Speaker 4: AI bubble, but it's coming. 26 00:01:15,360 --> 00:01:17,040 Speaker 3: It's this morning. Their shares are down. 27 00:01:17,680 --> 00:01:20,000 Speaker 4: So we got a retail right, we had retail sales 28 00:01:20,040 --> 00:01:23,200 Speaker 4: figures out today, so we'll start with Cohle's kss. Their 29 00:01:23,240 --> 00:01:26,400 Speaker 4: shares up as much as twenty seven twenty seven percent, 30 00:01:26,840 --> 00:01:28,920 Speaker 4: a few things. So they raised their full year outlook 31 00:01:28,920 --> 00:01:31,640 Speaker 4: for the second quarter. They also lifted their comparable sales 32 00:01:31,640 --> 00:01:34,320 Speaker 4: adjusted diluted earnings per share for guidance for the year, 33 00:01:34,640 --> 00:01:36,959 Speaker 4: but it comes as the same weight. The company named 34 00:01:36,959 --> 00:01:39,520 Speaker 4: its interim CEO as its new leader. You know, there 35 00:01:39,520 --> 00:01:41,760 Speaker 4: were a lot of issues behind the CEO of the company, 36 00:01:42,480 --> 00:01:45,760 Speaker 4: but it still faces this tough path. It's posted fifteen 37 00:01:45,760 --> 00:01:48,480 Speaker 4: straight quarters of declining year over year revenue all that. 38 00:01:48,760 --> 00:01:52,160 Speaker 4: So it's it's starting to come back. It's showing improvement 39 00:01:52,200 --> 00:01:55,360 Speaker 4: and that's it. I mean, price conscious consumers are going there. 40 00:01:55,520 --> 00:01:59,000 Speaker 1: This is like ancient Paul me on the screen is 41 00:01:59,000 --> 00:02:02,160 Speaker 1: a ten. Yeah, because it's like so you know they 42 00:02:02,200 --> 00:02:06,040 Speaker 1: have gray airin yep, what are you laughing? About over 43 00:02:06,040 --> 00:02:09,760 Speaker 1: there Monominee Falls, Wisconsin. Good morning, yep. 44 00:02:10,680 --> 00:02:13,080 Speaker 4: But it's the price conscious consumer and that's what a 45 00:02:13,080 --> 00:02:15,600 Speaker 4: lot of companies have been talking about. I mean, you 46 00:02:15,600 --> 00:02:17,480 Speaker 4: go to Cohl's and you have a thirty percent coupon, 47 00:02:17,520 --> 00:02:19,360 Speaker 4: you have your Cohls cash like you get a big 48 00:02:19,400 --> 00:02:20,520 Speaker 4: you know, argain. 49 00:02:20,240 --> 00:02:21,800 Speaker 1: When you have hot dogs at the front. 50 00:02:21,960 --> 00:02:23,440 Speaker 3: They have taught this. 51 00:02:24,080 --> 00:02:26,799 Speaker 4: But they do have sephorier products, which my daughter likes 52 00:02:26,840 --> 00:02:29,200 Speaker 4: to go when we get there, so they have that 53 00:02:29,240 --> 00:02:33,280 Speaker 4: going for them too. Another retailers, Abercrobi and Fitch anf 54 00:02:33,600 --> 00:02:35,720 Speaker 4: their shares have been up as much as eighteen percent. 55 00:02:35,840 --> 00:02:37,840 Speaker 4: They raise a low end of their full year series 56 00:02:37,840 --> 00:02:40,639 Speaker 4: outlook net sales growing about sixty seven percent this year 57 00:02:40,680 --> 00:02:42,320 Speaker 4: and that was up from the previous outlook. 58 00:02:42,600 --> 00:02:45,320 Speaker 3: But the Hollister brand that's what's doing well for them. 59 00:02:45,400 --> 00:02:48,560 Speaker 4: Sales there jump sixteen percent. Yeah, strong back to school 60 00:02:48,560 --> 00:02:50,320 Speaker 4: demand because that's the one for the younger kids. Like 61 00:02:50,360 --> 00:02:53,040 Speaker 4: the younger kids love the Hollister brand. But the CEO 62 00:02:53,120 --> 00:02:54,800 Speaker 4: has been kind of trying to shift it, you know, 63 00:02:54,880 --> 00:02:58,360 Speaker 4: get get the older customer for the Abercrombie brand, and 64 00:02:58,400 --> 00:02:59,960 Speaker 4: that's kind of been starting to work now. 65 00:03:00,280 --> 00:03:03,160 Speaker 5: So sock ups nineteen percent today but still down fifty 66 00:03:03,400 --> 00:03:04,080 Speaker 5: six percent year. 67 00:03:05,919 --> 00:03:09,600 Speaker 1: Maybe there's still lined up on the sidewalk outside, oh 68 00:03:09,639 --> 00:03:10,400 Speaker 1: for those drops. Not. 69 00:03:10,639 --> 00:03:12,799 Speaker 3: I haven't seen that a while in Abercrombie and Fish. 70 00:03:12,600 --> 00:03:16,640 Speaker 1: Because like anytime I wonder wherever I go, Brandy Melville, 71 00:03:16,639 --> 00:03:17,600 Speaker 1: there's always oh. 72 00:03:17,560 --> 00:03:18,680 Speaker 3: That I was on that line. 73 00:03:18,760 --> 00:03:21,720 Speaker 1: Yeah, and your wallets survived. 74 00:03:21,840 --> 00:03:23,239 Speaker 4: Yes, and you sit there and you get like a 75 00:03:23,280 --> 00:03:25,480 Speaker 4: hot dog because you're waiting there for so long because 76 00:03:25,480 --> 00:03:26,320 Speaker 4: you just stand there. 77 00:03:27,040 --> 00:03:30,519 Speaker 3: But yeah, no no lines outside for Abercrombie next. 78 00:03:30,600 --> 00:03:34,680 Speaker 4: And and that was it, Gap, TJX, Abercrombie, Cols, like 79 00:03:34,720 --> 00:03:38,920 Speaker 4: all those have been with kind of standing that Friday. 80 00:03:39,200 --> 00:03:41,280 Speaker 1: It's not as big a deal as it used to be, 81 00:03:41,720 --> 00:03:43,800 Speaker 1: like thousands of people outside. 82 00:03:43,520 --> 00:03:45,160 Speaker 3: Walmart because the sales came before. 83 00:03:45,280 --> 00:03:47,760 Speaker 4: Like I've been getting Amazon Black Friday deals for the 84 00:03:47,840 --> 00:03:48,600 Speaker 4: past week. 85 00:03:49,000 --> 00:03:50,720 Speaker 5: And the whole e commerce thing. I mean, you know, 86 00:03:50,800 --> 00:03:53,000 Speaker 5: you can just buy a lot, if not all, of 87 00:03:53,000 --> 00:03:55,640 Speaker 5: your stuff just with the click and then it's on 88 00:03:55,680 --> 00:03:58,320 Speaker 5: your doorstep same day, next day, something crazy the whole world. 89 00:03:58,600 --> 00:04:00,400 Speaker 3: But my daughter still wants to go, she wants to 90 00:04:00,440 --> 00:04:02,080 Speaker 3: do the Black Friday thing. She's like, when you get 91 00:04:02,080 --> 00:04:03,240 Speaker 3: home we're going shopping. 92 00:04:03,040 --> 00:04:07,000 Speaker 5: Short Hills Mall there you go clocks by, yep, and 93 00:04:07,080 --> 00:04:09,960 Speaker 5: there will be a Short Hills mall from now till Christmas. 94 00:04:09,960 --> 00:04:12,640 Speaker 5: This is in New Jersey, folks. A line of cars 95 00:04:12,640 --> 00:04:14,640 Speaker 5: backed up on Route twenty four waiting to get into 96 00:04:14,640 --> 00:04:15,240 Speaker 5: the parking lot. 97 00:04:15,560 --> 00:04:18,039 Speaker 1: That's like a fancy mall though, right, Yeah, I've never 98 00:04:18,160 --> 00:04:19,160 Speaker 1: enjoyed the experience. 99 00:04:19,240 --> 00:04:21,480 Speaker 5: Yes, yeah, it is an experience. You can spend a 100 00:04:21,560 --> 00:04:21,840 Speaker 5: day there. 101 00:04:21,839 --> 00:04:24,400 Speaker 3: They haven't Italy there now, I know. It's amazing. 102 00:04:24,520 --> 00:04:28,200 Speaker 5: Yeah, that's what the malls are doing. 103 00:04:28,200 --> 00:04:28,360 Speaker 1: Now. 104 00:04:28,360 --> 00:04:31,200 Speaker 5: It's an experience. It's a destination. You're not just going 105 00:04:31,200 --> 00:04:33,760 Speaker 5: there to shop quickly, You're going there for the experience. 106 00:04:34,960 --> 00:04:38,960 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 107 00:04:39,040 --> 00:04:41,640 Speaker 2: us throughout the day for the latest roundup of companies 108 00:04:41,720 --> 00:04:44,800 Speaker 2: making news on Wall Street and for the latest market 109 00:04:44,839 --> 00:04:49,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 110 00:04:49,400 --> 00:04:52,880 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 111 00:04:52,960 --> 00:04:54,440 Speaker 2: the Bloomberg Business app.