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 00:00:16,680 --> 00:00:18,160 Speaker 1: Let's take a look at what some of the stocks 5 00:00:18,200 --> 00:00:20,960 Speaker 1: on the move here. We're joined by Bloomberg's Christina Christine, 6 00:00:20,960 --> 00:00:22,840 Speaker 1: what are you looking at? Well, Paul, let's check in 7 00:00:22,960 --> 00:00:25,799 Speaker 1: on Nvidia, given that that was at the epicenter of 8 00:00:26,079 --> 00:00:30,400 Speaker 1: yesterday's selloff, and unfortunately those shares still down this morning. 9 00:00:30,520 --> 00:00:33,640 Speaker 1: So Nvida took her MVDA shares currently down more than 10 00:00:33,680 --> 00:00:37,720 Speaker 1: one prit three percent, And crucially, the share price is 11 00:00:37,760 --> 00:00:40,560 Speaker 1: also below that one hundred and eighty level. So that's 12 00:00:40,560 --> 00:00:42,839 Speaker 1: been flagged as a key level for various reasons. It's 13 00:00:42,840 --> 00:00:46,120 Speaker 1: been a support level since early October. It's also been 14 00:00:46,520 --> 00:00:49,159 Speaker 1: where the one hundred day moving average sits, and so 15 00:00:49,360 --> 00:00:52,600 Speaker 1: the fact that it's still below that it doesn't mean 16 00:00:52,800 --> 00:00:54,920 Speaker 1: that the market is in the clear, even though we 17 00:00:55,000 --> 00:00:57,480 Speaker 1: are in the green. And so I think the questions 18 00:00:57,520 --> 00:01:00,680 Speaker 1: after yesterday's sell off is really all about how is 19 00:01:00,720 --> 00:01:03,400 Speaker 1: the company and really the A complex in general going 20 00:01:03,400 --> 00:01:08,000 Speaker 1: to finance their AI spending right, and talking about just 21 00:01:08,040 --> 00:01:09,960 Speaker 1: the level of debt that they're going to have to acquire. 22 00:01:09,959 --> 00:01:12,000 Speaker 1: I think that's what's really spooked the markets, and this 23 00:01:12,040 --> 00:01:14,600 Speaker 1: is what people are looking at still today, even though 24 00:01:14,600 --> 00:01:17,160 Speaker 1: we're rebounding a little bit on the broader index. 25 00:01:17,240 --> 00:01:19,039 Speaker 3: I feel like we're in a bizarro world where you 26 00:01:19,120 --> 00:01:21,240 Speaker 3: have lots of doubts about Nvidia, and then you look 27 00:01:21,280 --> 00:01:23,280 Speaker 3: at a company like GAFF, which has been in turnaround 28 00:01:23,319 --> 00:01:26,440 Speaker 3: mode forever decidedly higher up by six percent. 29 00:01:26,560 --> 00:01:29,320 Speaker 1: Yeah, absolutely, scarlet, And you know, we know that they 30 00:01:29,360 --> 00:01:32,920 Speaker 1: did get pretty good earnings, and that's doing really well 31 00:01:32,959 --> 00:01:35,480 Speaker 1: for the stock this morning, so gap tick or gap, 32 00:01:35,840 --> 00:01:38,360 Speaker 1: those shares are up more than six percent, set for 33 00:01:38,360 --> 00:01:41,520 Speaker 1: the biggest gain since May, and so really on the 34 00:01:41,560 --> 00:01:45,480 Speaker 1: back of that strong sales number from their earnings results. 35 00:01:45,600 --> 00:01:48,480 Speaker 1: We also heard from chief executive officer Richard Dixon saying 36 00:01:48,480 --> 00:01:51,280 Speaker 1: that it's really the variety of their brands and price 37 00:01:51,320 --> 00:01:55,680 Speaker 1: points that are helping insulate them from the less optimistic 38 00:01:55,720 --> 00:01:58,279 Speaker 1: fate of other retailers. And of course, who could forget 39 00:01:58,480 --> 00:02:03,320 Speaker 1: there are celebrity fueled marketing campaigns like an Apple exactly 40 00:02:03,400 --> 00:02:06,800 Speaker 1: and the better and Denhim campaign featuring Kat's eye. Paul, 41 00:02:06,840 --> 00:02:11,200 Speaker 1: I'm sure you've tried a choreography. All right, we're gonna 42 00:02:11,240 --> 00:02:13,520 Speaker 1: we're gonna have to do some choreography lessons. 43 00:02:13,800 --> 00:02:16,720 Speaker 3: Yeah, after this week, I'm happy Gwyneth perhaps does she 44 00:02:16,919 --> 00:02:19,640 Speaker 3: make movies anymore? No, but she runs a lifestyle empire. 45 00:02:19,760 --> 00:02:21,040 Speaker 1: She's a lifestyle guru. 46 00:02:21,120 --> 00:02:21,560 Speaker 3: Good for her. 47 00:02:21,639 --> 00:02:22,000 Speaker 2: Awesome. 48 00:02:22,680 --> 00:02:24,400 Speaker 3: Actually no, wait, that's not true. She did appear in 49 00:02:24,440 --> 00:02:28,600 Speaker 3: a movie very recently with Timothy Shallome. Oh, I forget 50 00:02:28,600 --> 00:02:30,239 Speaker 3: the name of it, but you need Yeah, I'm gonna 51 00:02:30,240 --> 00:02:31,440 Speaker 3: have to tews. 52 00:02:31,480 --> 00:02:33,640 Speaker 1: Yeah, I just know Gwyneth now is a lifestyle guru. 53 00:02:33,880 --> 00:02:35,400 Speaker 3: Right, and kids, beautiful children? 54 00:02:35,880 --> 00:02:38,799 Speaker 1: She okay, good for her Ross stores, Yeah, let's think 55 00:02:38,800 --> 00:02:41,800 Speaker 1: about a Ross stores. Another share in the green so 56 00:02:42,040 --> 00:02:45,280 Speaker 1: that ticker ro o SD shears are more than four 57 00:02:45,280 --> 00:02:47,519 Speaker 1: point six percent at the moment. We did also get 58 00:02:47,520 --> 00:02:51,600 Speaker 1: their earnings. The discout retailer doing well. They upgraded their 59 00:02:51,800 --> 00:02:54,280 Speaker 1: earnings phare forecast for the full year, so they're now 60 00:02:54,280 --> 00:02:57,359 Speaker 1: looking at EPs of six dollars thirty eight cents to 61 00:02:57,520 --> 00:03:02,520 Speaker 1: six dollars forty six and previously lower them that range. 62 00:03:02,600 --> 00:03:05,280 Speaker 1: They also improved their guidance that was in line with 63 00:03:05,400 --> 00:03:10,000 Speaker 1: average estimates. Bloombera Intelligence weighing in Maror Ross Gilbert saying 64 00:03:10,080 --> 00:03:13,520 Speaker 1: that they really improved their curation of women's fashion brands 65 00:03:13,560 --> 00:03:17,560 Speaker 1: across good, better, and Best classifications and that is really 66 00:03:17,720 --> 00:03:20,880 Speaker 1: making an impact here. Other analysts are also noting that 67 00:03:20,919 --> 00:03:24,000 Speaker 1: they're showing really positive momentum heading into Holidays, which is 68 00:03:24,400 --> 00:03:27,080 Speaker 1: very crucial period for a lot of the retailers. So yeah, 69 00:03:27,160 --> 00:03:30,560 Speaker 1: and their shares up today and doing well. 70 00:03:30,639 --> 00:03:34,680 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 71 00:03:34,760 --> 00:03:37,320 Speaker 2: us throughout the day for the latest roundup of companies 72 00:03:37,400 --> 00:03:40,480 Speaker 2: making news on Wall Street and for the latest market 73 00:03:40,520 --> 00:03:45,000 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 74 00:03:45,080 --> 00:03:48,560 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 75 00:03:48,640 --> 00:03:50,120 Speaker 2: the Bloomberg Business app.