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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, the.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Okay, Damian, let's get into some individual market movers now.

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Speaker 1: Very please that Norah Melnda is joining us in studios. So, Nora,

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Speaker 1: what have you got for us?

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Speaker 3: Well, of course, if you've been talking about all day

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Speaker 3: fin liquidity in this holiday shortened week, but we are

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Speaker 3: looking at shares of some of the tech stocks. They

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Speaker 3: are dragging the SP five hundred lower. We're looking at

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Speaker 3: shares of Nvidia, that's taker Invda, and also Tesla TSLA.

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Speaker 3: They are dragging the mag seven stocks lower. So you

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Speaker 3: are seeing those stocks trading off. I'm looking at shares

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Speaker 3: of Video right now down about one point nine percent.

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Speaker 3: So it's really interesting, especially as we are heading toward

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Speaker 3: that CEES conference that'll be next week, so we'll be

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Speaker 3: hearing from a lot of these tech companies. Just interesting

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Speaker 3: to see what the trade has been like right now

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Speaker 3: for tech companies, especially since they've had such a seller year.

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Speaker 4: Well, you mentioned tech, and I look at the S

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Speaker 4: and P four ninety three and I say, wow, Up

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Speaker 4: seventeen percent this year. It's up you know, call it

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Speaker 4: eleven twelve percent on average over the last decade, and

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Speaker 4: has been positive eight of the last ten years. So

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Speaker 4: who's to say that you're going to be rotating out

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Speaker 4: of tech and into some of these other sectors, right right?

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Speaker 3: Yeah, I mean that's going to be interesting to watch,

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Speaker 3: especially as we head into twenty twenty six, to see

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Speaker 3: whether or not there's going to be any sort of

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Speaker 3: rotation because you've been seeing so many investors betting on

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Speaker 3: this sector of the market.

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Speaker 4: Yeah, that's right.

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Speaker 1: I'm so curious about Lululemon and that story. I woke

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Speaker 1: up to, you know, an alerts on the founder nominating

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Speaker 1: three candidates and going all sort of aggressive on this

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Speaker 1: what's happening.

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Speaker 3: Yeah, it's interesting because if you look at shares of

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Speaker 3: Little Women that's ticker lu LU, we're seeing shares are

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Speaker 3: down forty five percent so far this year. It's a

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Speaker 3: brand that's really been struggling in terms of getting broad

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Speaker 3: based reception, but we are seeing shares pointing a touch higher.

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Speaker 3: Shares are up as much as one point eight percent

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Speaker 3: today in trading, and this is after its founder Chip Wilson,

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Speaker 3: as you mentioned Vonnie is pushing for changes to the

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Speaker 3: board before they select a new CEO. So we're all

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Speaker 3: in following this story as we continue to see whether

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Speaker 3: or not Lula Lemen is actually able to flush out

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Speaker 3: some sort of turnaround story.

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Speaker 4: Well, I'm actually I'm actually interested in what our friend

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Speaker 4: Joe Wisenthal on the Outlots podcast with Yon hatsis from

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Speaker 4: Goldman Sachs at I mean SMP at seventy six hundred

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Speaker 4: and you got ba a Morgan Stanley. Actually, I don't

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Speaker 4: think one analyst on the street is calling for an

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Speaker 4: SMP price target lower than where we are today over

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Speaker 4: the year ahead. Talk to us about this bullish sentiment.

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Speaker 4: Can it last?

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Speaker 3: Oh, It's definitely something that I've been talking about with

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Speaker 3: my sources, especially if you think about the fact that

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Speaker 3: if you just rewind to last year. I don't think

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Speaker 3: that where we sit today is what bulls were expecting,

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Speaker 3: But it's not what the bears were expecting either. It

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Speaker 3: still continues to be a lot of bullish sentiment if

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Speaker 3: we look at what strategists are thinking in terms of

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Speaker 3: price targets or where the sp might end next year.

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Speaker 3: So it'll be interesting to see whether or not we're

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Speaker 3: able to see this tech rally continue, or whether or

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Speaker 3: not you're going to start to see people looking to

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Speaker 3: other places outside of that tech trade as you continue

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Speaker 3: to see people going all in on artificial intelligence.

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Speaker 1: And then know where we had a deal. I mean,

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Speaker 1: it's just been a week of deals, but another one today,

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Speaker 1: Mark Gownzi happy mom.

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Speaker 3: I'm sure, oh for sure? And what is today's Monday? Right? Yeah,

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Speaker 3: so we can say m and a Monday perhaps Looking

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Speaker 3: at shares of Digital Bridge, this is actually a company

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Speaker 3: I had to look into. This is ticker DBRG. It's

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Speaker 3: about two point seven billion dollars in market cap. It's

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Speaker 3: a wireless or wireline telecommunications company. We're seeing shares surging

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Speaker 3: as much as ten percent for double digit gains. This

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Speaker 3: is the highest level we've seen for the company since

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Speaker 3: October of last year. This is after SoftBank Group agreed

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Speaker 3: to pay for the company. Here we are seeing that

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Speaker 3: Raymond Jane analysts are saying that they called the valuation

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Speaker 3: quote unquote underwhelming for this deal. But you are clearly

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Speaker 3: seeing the street taking a liking to this, at least

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Speaker 3: if you look at the share performance for this company

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Speaker 3: in particular, shares up about nine point seven right now.

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Speaker 3: But on a your today basis, we've seen this stalking

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Speaker 3: in about thirty five percent.

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Speaker 1: Yeah, I mean they have just been wiping up all

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Speaker 1: of these data signs. Yeah, all around the country. It's

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Speaker 1: been a fascinating lotch.

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Speaker 3: Or a billion dollar deal right here.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest round of companies

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