WEBVTT - Nvidia Slips,  DigitalBridge Surges, Lululemon Plunges

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

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

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

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

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

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<v Speaker 1>what have you got for us?

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<v Speaker 3>Well, of course, if you've been talking about all day

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<v Speaker 3>fin liquidity in this holiday shortened week, but we are

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<v Speaker 3>looking at shares of some of the tech stocks. They

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<v Speaker 3>are dragging the SP five hundred lower. We're looking at

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

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<v Speaker 3>They are dragging the mag seven stocks lower. So you

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<v Speaker 3>are seeing those stocks trading off. I'm looking at shares

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<v Speaker 3>of Video right now down about one point nine percent.

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<v Speaker 3>So it's really interesting, especially as we are heading toward

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<v Speaker 3>that CEES conference that'll be next week, so we'll be

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<v Speaker 3>hearing from a lot of these tech companies. Just interesting

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<v Speaker 3>to see what the trade has been like right now

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

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<v Speaker 4>Well, you mentioned tech, and I look at the S

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<v Speaker 4>and P four ninety three and I say, wow, Up

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

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<v Speaker 4>eleven twelve percent on average over the last decade, and

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<v Speaker 4>has been positive eight of the last ten years. So

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<v Speaker 4>who's to say that you're going to be rotating out

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<v Speaker 4>of tech and into some of these other sectors, right right?

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<v Speaker 3>Yeah, I mean that's going to be interesting to watch,

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<v Speaker 3>especially as we head into twenty twenty six, to see

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<v Speaker 3>whether or not there's going to be any sort of

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<v Speaker 3>rotation because you've been seeing so many investors betting on

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<v Speaker 3>this sector of the market.

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<v Speaker 4>Yeah, that's right.

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<v Speaker 1>I'm so curious about Lululemon and that story. I woke

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<v Speaker 1>up to, you know, an alerts on the founder nominating

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<v Speaker 1>three candidates and going all sort of aggressive on this

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<v Speaker 1>what's happening.

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<v Speaker 3>Yeah, it's interesting because if you look at shares of

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

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<v Speaker 3>down forty five percent so far this year. It's a

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<v Speaker 3>brand that's really been struggling in terms of getting broad

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<v Speaker 3>based reception, but we are seeing shares pointing a touch higher.

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<v Speaker 3>Shares are up as much as one point eight percent

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<v Speaker 3>today in trading, and this is after its founder Chip Wilson,

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<v Speaker 3>as you mentioned Vonnie is pushing for changes to the

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<v Speaker 3>board before they select a new CEO. So we're all

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<v Speaker 3>in following this story as we continue to see whether

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<v Speaker 3>or not Lula Lemen is actually able to flush out

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<v Speaker 3>some sort of turnaround story.

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<v Speaker 4>Well, I'm actually I'm actually interested in what our friend

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<v Speaker 4>Joe Wisenthal on the Outlots podcast with Yon hatsis from

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<v Speaker 4>Goldman Sachs at I mean SMP at seventy six hundred

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

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<v Speaker 4>think one analyst on the street is calling for an

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<v Speaker 4>SMP price target lower than where we are today over

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<v Speaker 4>the year ahead. Talk to us about this bullish sentiment.

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<v Speaker 4>Can it last?

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

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<v Speaker 3>my sources, especially if you think about the fact that

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<v Speaker 3>if you just rewind to last year. I don't think

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<v Speaker 3>that where we sit today is what bulls were expecting,

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<v Speaker 3>But it's not what the bears were expecting either. It

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<v Speaker 3>still continues to be a lot of bullish sentiment if

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<v Speaker 3>we look at what strategists are thinking in terms of

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<v Speaker 3>price targets or where the sp might end next year.

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<v Speaker 3>So it'll be interesting to see whether or not we're

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<v Speaker 3>able to see this tech rally continue, or whether or

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<v Speaker 3>not you're going to start to see people looking to

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<v Speaker 3>other places outside of that tech trade as you continue

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<v Speaker 3>to see people going all in on artificial intelligence.

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<v Speaker 1>And then know where we had a deal. I mean,

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

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<v Speaker 1>Mark Gownzi happy mom.

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

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<v Speaker 3>so we can say m and a Monday perhaps Looking

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<v Speaker 3>at shares of Digital Bridge, this is actually a company

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<v Speaker 3>I had to look into. This is ticker DBRG. It's

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<v Speaker 3>about two point seven billion dollars in market cap. It's

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<v Speaker 3>a wireless or wireline telecommunications company. We're seeing shares surging

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<v Speaker 3>as much as ten percent for double digit gains. This

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<v Speaker 3>is the highest level we've seen for the company since

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<v Speaker 3>October of last year. This is after SoftBank Group agreed

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<v Speaker 3>to pay for the company. Here we are seeing that

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<v Speaker 3>Raymond Jane analysts are saying that they called the valuation

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<v Speaker 3>quote unquote underwhelming for this deal. But you are clearly

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<v Speaker 3>seeing the street taking a liking to this, at least

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<v Speaker 3>if you look at the share performance for this company

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<v Speaker 3>in particular, shares up about nine point seven right now.

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<v Speaker 3>But on a your today basis, we've seen this stalking

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<v Speaker 3>in about thirty five percent.

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<v Speaker 1>Yeah, I mean they have just been wiping up all

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

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<v Speaker 1>been a fascinating lotch.

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<v Speaker 3>Or a billion dollar deal right here.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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

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