1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,680 Speaker 2: the stock market, harnessing the power of Bloomberg Data. Let's 4 00:00:16,720 --> 00:00:18,119 Speaker 2: take a look at some of the stocks on the 5 00:00:18,160 --> 00:00:20,279 Speaker 2: move today and Paul Swingey alongside Christine. 6 00:00:20,000 --> 00:00:21,400 Speaker 3: Quino, and we're joined by Bloombergs. 7 00:00:21,400 --> 00:00:22,639 Speaker 1: They need a set COVI, they need to what are 8 00:00:22,640 --> 00:00:25,840 Speaker 1: you looking at this morning? Brom which is also selling 9 00:00:25,920 --> 00:00:28,680 Speaker 1: off further after the Oracle news, we get the shares 10 00:00:28,720 --> 00:00:33,560 Speaker 1: are down about eleven percent. Now that the care is avgo, 11 00:00:34,000 --> 00:00:37,320 Speaker 1: it's of course coming off AI and actually we saw 12 00:00:37,320 --> 00:00:41,840 Speaker 1: a strong earnings report, but the outlook is really shaking investors' confidence. 13 00:00:42,120 --> 00:00:44,839 Speaker 1: What we heard from their CEO is that the company 14 00:00:44,880 --> 00:00:49,640 Speaker 1: has a backloock of seventy three billions in AI product orders. 15 00:00:49,720 --> 00:00:53,479 Speaker 1: That clearly shook investors. The CEO later qualified but the 16 00:00:53,520 --> 00:00:56,880 Speaker 1: figure was a minimum, but that clearly is not bringing 17 00:00:56,960 --> 00:00:57,640 Speaker 1: much relief. 18 00:00:57,960 --> 00:01:00,240 Speaker 3: Broadcom has been on a crazy rally this year. 19 00:01:00,400 --> 00:01:04,160 Speaker 1: The stock was up more than seventy five percent, so 20 00:01:04,280 --> 00:01:08,679 Speaker 1: you can imagine that's one reason investors are punishing the 21 00:01:08,760 --> 00:01:12,640 Speaker 1: company swiftly after this. The conference co come after this 22 00:01:13,200 --> 00:01:17,000 Speaker 1: really big rally. Investors were seeking more clarity about what's 23 00:01:17,000 --> 00:01:19,640 Speaker 1: the actual payoff from AI, and it seems like they're 24 00:01:19,720 --> 00:01:21,280 Speaker 1: not very excited about the answer. 25 00:01:21,720 --> 00:01:23,559 Speaker 3: Instead, they get a big timetable. 26 00:01:24,319 --> 00:01:28,520 Speaker 1: There is no i AI revenue forecast for twenty twenty six, 27 00:01:28,520 --> 00:01:31,880 Speaker 1: which is one reason investors maybe even more worried. The 28 00:01:31,959 --> 00:01:35,919 Speaker 1: report actually showed some strong numbers. Sales were about nineteen billion, 29 00:01:35,959 --> 00:01:38,920 Speaker 1: which is much higher than what analysts we're expecting. But 30 00:01:39,120 --> 00:01:42,320 Speaker 1: we can see in that world of AI where everyone 31 00:01:42,440 --> 00:01:44,920 Speaker 1: is worried about those circular deal and Broadcam is the 32 00:01:45,000 --> 00:01:47,240 Speaker 1: center of many of those, including. 33 00:01:46,880 --> 00:01:47,880 Speaker 3: One with open AI. 34 00:01:48,760 --> 00:01:53,440 Speaker 1: Any type of outlook miss is punished very very harshly. Yeah, 35 00:01:53,600 --> 00:01:55,800 Speaker 1: Org and it's and we're also talking leggings and Little 36 00:01:55,840 --> 00:01:56,800 Speaker 1: Lemon having a good day. 37 00:01:56,840 --> 00:01:57,640 Speaker 2: What's going on a. 38 00:01:57,720 --> 00:01:59,920 Speaker 3: Very different topic, but lotul Lemon is doing. 39 00:02:00,240 --> 00:02:02,720 Speaker 1: The stock is of about nine percent and it's searched 40 00:02:03,480 --> 00:02:08,080 Speaker 1: about fourteen in earlier tradings. It seems like the CEO 41 00:02:08,120 --> 00:02:12,040 Speaker 1: of the Price yoga Wear is about to move and 42 00:02:12,080 --> 00:02:15,960 Speaker 1: then the company books it it's food ear outlook and 43 00:02:16,000 --> 00:02:18,200 Speaker 1: announced that the CEO stepped down. 44 00:02:18,160 --> 00:02:20,079 Speaker 3: After a period of sluggish growth. 45 00:02:20,200 --> 00:02:22,800 Speaker 1: That's been an interesting space We're getting so many different 46 00:02:22,840 --> 00:02:24,640 Speaker 1: brands with yoga pants that. 47 00:02:24,639 --> 00:02:25,880 Speaker 3: Are worth more than one hundred dollars. 48 00:02:25,919 --> 00:02:29,120 Speaker 1: We have Yeah, we have Alo, we have Nike, even 49 00:02:29,160 --> 00:02:32,000 Speaker 1: having a collaboration with Skim's and King Kardashian. So it's 50 00:02:32,040 --> 00:02:34,280 Speaker 1: been a very competitive space. And lul Lemon, which was 51 00:02:34,320 --> 00:02:38,400 Speaker 1: once kind of the leader and the go to market 52 00:02:38,440 --> 00:02:41,640 Speaker 1: fo one hundred dollars yoga pants, has been struggling. The 53 00:02:41,639 --> 00:02:44,200 Speaker 1: company has been down more than fifty percent this year. 54 00:02:44,280 --> 00:02:46,160 Speaker 1: This is really one of the best days for the 55 00:02:46,200 --> 00:02:50,320 Speaker 1: company in some times. The fiscal third quarter report had 56 00:02:50,320 --> 00:02:54,720 Speaker 1: a few positive numbers profit and comparable sales bid analysts expectations. 57 00:02:54,720 --> 00:02:56,360 Speaker 3: So some relief there and be more. 58 00:02:56,280 --> 00:02:59,400 Speaker 1: Excited about the potential of a new CEO coming and 59 00:02:59,480 --> 00:03:02,160 Speaker 1: kind of lift the brand back to the great days. 60 00:03:02,280 --> 00:03:02,520 Speaker 2: All right. 61 00:03:02,560 --> 00:03:04,080 Speaker 3: Finally, City Group CIT. 62 00:03:04,080 --> 00:03:08,440 Speaker 1: Group shares are now flat, but they search in earlier trading. 63 00:03:08,639 --> 00:03:11,959 Speaker 1: JP Morgan raised the recommendation on the lender to overrate 64 00:03:12,080 --> 00:03:15,200 Speaker 1: from a neutral. Pretty big change there. City Group stands 65 00:03:15,240 --> 00:03:17,960 Speaker 1: to benefit from a solid economy. This is just what 66 00:03:18,080 --> 00:03:20,880 Speaker 1: JP Morgan is saying. At the same time, City should 67 00:03:20,919 --> 00:03:25,320 Speaker 1: continue to benefit from further transformation, including improving its efficiency ratio, 68 00:03:25,560 --> 00:03:29,800 Speaker 1: making progress on consent orders and reducing stranded costs, so. 69 00:03:29,880 --> 00:03:31,880 Speaker 3: Quite a bullish forecast there. 70 00:03:31,919 --> 00:03:34,520 Speaker 1: The price target is one hundred and twenty four doors, 71 00:03:34,600 --> 00:03:37,120 Speaker 1: coming from about one hundred and seven, and this is 72 00:03:37,280 --> 00:03:40,280 Speaker 1: about eleven percent upside from here, so pretty bullish. Note 73 00:03:40,480 --> 00:03:43,640 Speaker 1: and we saw some upside in earlier trading, but now 74 00:03:43,640 --> 00:03:46,280 Speaker 1: obviously the whole market is trading lower. 75 00:03:46,280 --> 00:03:51,360 Speaker 2: After the Oracle news the stock Mover's report from Bloomberg Radio. 76 00:03:51,840 --> 00:03:53,960 Speaker 2: Check back with us throughout the day for the latest 77 00:03:54,040 --> 00:03:57,240 Speaker 2: roundup of companies making news on Wall Street and for 78 00:03:57,360 --> 00:04:01,920 Speaker 2: the latest market moving headlines. Listen Toloomberg Radio Live. Catch 79 00:04:02,000 --> 00:04:05,480 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 80 00:04:05,480 --> 00:04:07,880 Speaker 2: Android Auto with the Bloomberg Business app.