WEBVTT - Nvidia Drops, Gap Rises, Ross gains on Yearly Forecast  

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at what some of the stocks

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<v Speaker 1>on the move here. We're joined by Bloomberg's Christina Christine,

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<v Speaker 1>what are you looking at? Well, Paul, let's check in

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<v Speaker 1>on Nvidia, given that that was at the epicenter of

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<v Speaker 1>yesterday's selloff, and unfortunately those shares still down this morning.

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<v Speaker 1>So Nvida took her MVDA shares currently down more than

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<v Speaker 1>one prit three percent, And crucially, the share price is

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<v Speaker 1>also below that one hundred and eighty level. So that's

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<v Speaker 1>been flagged as a key level for various reasons. It's

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<v Speaker 1>been a support level since early October. It's also been

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<v Speaker 1>where the one hundred day moving average sits, and so

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<v Speaker 1>the fact that it's still below that it doesn't mean

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<v Speaker 1>that the market is in the clear, even though we

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<v Speaker 1>are in the green. And so I think the questions

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<v Speaker 1>after yesterday's sell off is really all about how is

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<v Speaker 1>the company and really the A complex in general going

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<v Speaker 1>to finance their AI spending right, and talking about just

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<v Speaker 1>the level of debt that they're going to have to acquire.

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<v Speaker 1>I think that's what's really spooked the markets, and this

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<v Speaker 1>is what people are looking at still today, even though

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<v Speaker 1>we're rebounding a little bit on the broader index.

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<v Speaker 3>I feel like we're in a bizarro world where you

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<v Speaker 3>have lots of doubts about Nvidia, and then you look

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<v Speaker 3>at a company like GAFF, which has been in turnaround

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<v Speaker 3>mode forever decidedly higher up by six percent.

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<v Speaker 1>Yeah, absolutely, scarlet, And you know, we know that they

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<v Speaker 1>did get pretty good earnings, and that's doing really well

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<v Speaker 1>for the stock this morning, so gap tick or gap,

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<v Speaker 1>those shares are up more than six percent, set for

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<v Speaker 1>the biggest gain since May, and so really on the

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<v Speaker 1>back of that strong sales number from their earnings results.

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<v Speaker 1>We also heard from chief executive officer Richard Dixon saying

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<v Speaker 1>that it's really the variety of their brands and price

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<v Speaker 1>points that are helping insulate them from the less optimistic

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<v Speaker 1>fate of other retailers. And of course, who could forget

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<v Speaker 1>there are celebrity fueled marketing campaigns like an Apple exactly

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<v Speaker 1>and the better and Denhim campaign featuring Kat's eye. Paul,

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<v Speaker 1>I'm sure you've tried a choreography. All right, we're gonna

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<v Speaker 1>we're gonna have to do some choreography lessons.

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<v Speaker 3>Yeah, after this week, I'm happy Gwyneth perhaps does she

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<v Speaker 3>make movies anymore? No, but she runs a lifestyle empire.

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<v Speaker 1>She's a lifestyle guru.

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<v Speaker 3>Good for her.

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<v Speaker 2>Awesome.

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<v Speaker 3>Actually no, wait, that's not true. She did appear in

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<v Speaker 3>a movie very recently with Timothy Shallome. Oh, I forget

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<v Speaker 3>the name of it, but you need Yeah, I'm gonna

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<v Speaker 3>have to tews.

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<v Speaker 1>Yeah, I just know Gwyneth now is a lifestyle guru.

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<v Speaker 3>Right, and kids, beautiful children?

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<v Speaker 1>She okay, good for her Ross stores, Yeah, let's think

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<v Speaker 1>about a Ross stores. Another share in the green so

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<v Speaker 1>that ticker ro o SD shears are more than four

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<v Speaker 1>point six percent at the moment. We did also get

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<v Speaker 1>their earnings. The discout retailer doing well. They upgraded their

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<v Speaker 1>earnings phare forecast for the full year, so they're now

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<v Speaker 1>looking at EPs of six dollars thirty eight cents to

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<v Speaker 1>six dollars forty six and previously lower them that range.

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<v Speaker 1>They also improved their guidance that was in line with

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<v Speaker 1>average estimates. Bloombera Intelligence weighing in Maror Ross Gilbert saying

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<v Speaker 1>that they really improved their curation of women's fashion brands

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<v Speaker 1>across good, better, and Best classifications and that is really

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<v Speaker 1>making an impact here. Other analysts are also noting that

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<v Speaker 1>they're showing really positive momentum heading into Holidays, which is

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<v Speaker 1>very crucial period for a lot of the retailers. So yeah,

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<v Speaker 1>and their shares up today and doing well.

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<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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