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 what some of the stocks
Speaker 1: on the move here. We're joined by Bloomberg's Christina Christine,
Speaker 1: what are you looking at? Well, Paul, let's check in
Speaker 1: on Nvidia, given that that was at the epicenter of
Speaker 1: yesterday's selloff, and unfortunately those shares still down this morning.
Speaker 1: So Nvida took her MVDA shares currently down more than
Speaker 1: one prit three percent, And crucially, the share price is
Speaker 1: also below that one hundred and eighty level. So that's
Speaker 1: been flagged as a key level for various reasons. It's
Speaker 1: been a support level since early October. It's also been
Speaker 1: where the one hundred day moving average sits, and so
Speaker 1: the fact that it's still below that it doesn't mean
Speaker 1: that the market is in the clear, even though we
Speaker 1: are in the green. And so I think the questions
Speaker 1: after yesterday's sell off is really all about how is
Speaker 1: the company and really the A complex in general going
Speaker 1: to finance their AI spending right, and talking about just
Speaker 1: the level of debt that they're going to have to acquire.
Speaker 1: I think that's what's really spooked the markets, and this
Speaker 1: is what people are looking at still today, even though
Speaker 1: we're rebounding a little bit on the broader index.
Speaker 3: I feel like we're in a bizarro world where you
Speaker 3: have lots of doubts about Nvidia, and then you look
Speaker 3: at a company like GAFF, which has been in turnaround
Speaker 3: mode forever decidedly higher up by six percent.
Speaker 1: Yeah, absolutely, scarlet, And you know, we know that they
Speaker 1: did get pretty good earnings, and that's doing really well
Speaker 1: for the stock this morning, so gap tick or gap,
Speaker 1: those shares are up more than six percent, set for
Speaker 1: the biggest gain since May, and so really on the
Speaker 1: back of that strong sales number from their earnings results.
Speaker 1: We also heard from chief executive officer Richard Dixon saying
Speaker 1: that it's really the variety of their brands and price
Speaker 1: points that are helping insulate them from the less optimistic
Speaker 1: fate of other retailers. And of course, who could forget
Speaker 1: there are celebrity fueled marketing campaigns like an Apple exactly
Speaker 1: and the better and Denhim campaign featuring Kat's eye. Paul,
Speaker 1: I'm sure you've tried a choreography. All right, we're gonna
Speaker 1: we're gonna have to do some choreography lessons.
Speaker 3: Yeah, after this week, I'm happy Gwyneth perhaps does she
Speaker 3: make movies anymore? No, but she runs a lifestyle empire.
Speaker 1: She's a lifestyle guru.
Speaker 3: Good for her.
Speaker 2: Awesome.
Speaker 3: Actually no, wait, that's not true. She did appear in
Speaker 3: a movie very recently with Timothy Shallome. Oh, I forget
Speaker 3: the name of it, but you need Yeah, I'm gonna
Speaker 3: have to tews.
Speaker 1: Yeah, I just know Gwyneth now is a lifestyle guru.
Speaker 3: Right, and kids, beautiful children?
Speaker 1: She okay, good for her Ross stores, Yeah, let's think
Speaker 1: about a Ross stores. Another share in the green so
Speaker 1: that ticker ro o SD shears are more than four
Speaker 1: point six percent at the moment. We did also get
Speaker 1: their earnings. The discout retailer doing well. They upgraded their
Speaker 1: earnings phare forecast for the full year, so they're now
Speaker 1: looking at EPs of six dollars thirty eight cents to
Speaker 1: six dollars forty six and previously lower them that range.
Speaker 1: They also improved their guidance that was in line with
Speaker 1: average estimates. Bloombera Intelligence weighing in Maror Ross Gilbert saying
Speaker 1: that they really improved their curation of women's fashion brands
Speaker 1: across good, better, and Best classifications and that is really
Speaker 1: making an impact here. Other analysts are also noting that
Speaker 1: they're showing really positive momentum heading into Holidays, which is
Speaker 1: very crucial period for a lot of the retailers. So yeah,
Speaker 1: and their shares up today and doing well.
Speaker 2: The 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.