Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tim Keen with Paul Sweeney and Bloomberg's Lisa Tell.
Speaker 1: Do you have just one stock mover or a plethora?
Speaker 3: No, there's a plethora.
Speaker 4: Get ready for it, Okay, because we have this AI
Speaker 4: chip rivalry heating up in Video NVDA. Their shares are
Speaker 4: down as much as four percent, Alphabet Googl up as
Speaker 4: much as four percent. So the reason behind all this
Speaker 4: is because there's a report from the Information that Medicine
Speaker 4: Talks has spent billions on Google's AI chips, and that's
Speaker 4: basically challenging in videos market dominance. You have Google over
Speaker 4: Alphabet on track to hit a four trillion dollar market
Speaker 4: valuation for the first time for the company.
Speaker 3: So it there's a lot behind it.
Speaker 1: Remind me like the red Sox were favored in March. Yeah,
Speaker 1: Googled and Apple We're dead, am I right? Yeah?
Speaker 5: I mean they were like on loove, Google's been I
Speaker 5: didn't see it. I didn't see that big movement Google,
Speaker 5: that's why not treading tech stocks next.
Speaker 4: They got but they are and video stocks already. You know,
Speaker 4: they facing the challenges. They had the fear of the
Speaker 4: AI bubble, but it's coming.
Speaker 3: It's this morning. Their shares are down.
Speaker 4: So we got a retail right, we had retail sales
Speaker 4: figures out today, so we'll start with Cohle's kss. Their
Speaker 4: shares up as much as twenty seven twenty seven percent,
Speaker 4: a few things. So they raised their full year outlook
Speaker 4: for the second quarter. They also lifted their comparable sales
Speaker 4: adjusted diluted earnings per share for guidance for the year,
Speaker 4: but it comes as the same weight. The company named
Speaker 4: its interim CEO as its new leader. You know, there
Speaker 4: were a lot of issues behind the CEO of the company,
Speaker 4: but it still faces this tough path. It's posted fifteen
Speaker 4: straight quarters of declining year over year revenue all that.
Speaker 4: So it's it's starting to come back. It's showing improvement
Speaker 4: and that's it. I mean, price conscious consumers are going there.
Speaker 1: This is like ancient Paul me on the screen is
Speaker 1: a ten. Yeah, because it's like so you know they
Speaker 1: have gray airin yep, what are you laughing? About over
Speaker 1: there Monominee Falls, Wisconsin. Good morning, yep.
Speaker 4: But it's the price conscious consumer and that's what a
Speaker 4: lot of companies have been talking about. I mean, you
Speaker 4: go to Cohl's and you have a thirty percent coupon,
Speaker 4: you have your Cohls cash like you get a big
Speaker 4: you know, argain.
Speaker 1: When you have hot dogs at the front.
Speaker 3: They have taught this.
Speaker 4: But they do have sephorier products, which my daughter likes
Speaker 4: to go when we get there, so they have that
Speaker 4: going for them too. Another retailers, Abercrobi and Fitch anf
Speaker 4: their shares have been up as much as eighteen percent.
Speaker 4: They raise a low end of their full year series
Speaker 4: outlook net sales growing about sixty seven percent this year
Speaker 4: and that was up from the previous outlook.
Speaker 3: But the Hollister brand that's what's doing well for them.
Speaker 4: Sales there jump sixteen percent. Yeah, strong back to school
Speaker 4: demand because that's the one for the younger kids. Like
Speaker 4: the younger kids love the Hollister brand. But the CEO
Speaker 4: has been kind of trying to shift it, you know,
Speaker 4: get get the older customer for the Abercrombie brand, and
Speaker 4: that's kind of been starting to work now.
Speaker 5: So sock ups nineteen percent today but still down fifty
Speaker 5: six percent year.
Speaker 1: Maybe there's still lined up on the sidewalk outside, oh
Speaker 1: for those drops. Not.
Speaker 3: I haven't seen that a while in Abercrombie and Fish.
Speaker 1: Because like anytime I wonder wherever I go, Brandy Melville,
Speaker 1: there's always oh.
Speaker 3: That I was on that line.
Speaker 1: Yeah, and your wallets survived.
Speaker 4: Yes, and you sit there and you get like a
Speaker 4: hot dog because you're waiting there for so long because
Speaker 4: you just stand there.
Speaker 3: But yeah, no no lines outside for Abercrombie next.
Speaker 4: And and that was it, Gap, TJX, Abercrombie, Cols, like
Speaker 4: all those have been with kind of standing that Friday.
Speaker 1: It's not as big a deal as it used to be,
Speaker 1: like thousands of people outside.
Speaker 3: Walmart because the sales came before.
Speaker 4: Like I've been getting Amazon Black Friday deals for the
Speaker 4: past week.
Speaker 5: And the whole e commerce thing. I mean, you know,
Speaker 5: you can just buy a lot, if not all, of
Speaker 5: your stuff just with the click and then it's on
Speaker 5: your doorstep same day, next day, something crazy the whole world.
Speaker 3: But my daughter still wants to go, she wants to
Speaker 3: do the Black Friday thing. She's like, when you get
Speaker 3: home we're going shopping.
Speaker 5: Short Hills Mall there you go clocks by, yep, and
Speaker 5: there will be a Short Hills mall from now till Christmas.
Speaker 5: This is in New Jersey, folks. A line of cars
Speaker 5: backed up on Route twenty four waiting to get into
Speaker 5: the parking lot.
Speaker 1: That's like a fancy mall though, right, Yeah, I've never
Speaker 1: enjoyed the experience.
Speaker 5: Yes, yeah, it is an experience. You can spend a
Speaker 5: day there.
Speaker 3: They haven't Italy there now, I know. It's amazing.
Speaker 5: Yeah, that's what the malls are doing.
Speaker 1: Now.
Speaker 5: It's an experience. It's a destination. You're not just going
Speaker 5: there to shop quickly, You're going there for the experience.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.