Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data. Let's
Speaker 2: take a look at some of the stocks on the
Speaker 2: move today and Paul Swingey alongside Christine.
Speaker 3: Quino, and we're joined by Bloombergs.
Speaker 1: They need a set COVI, they need to what are
Speaker 1: you looking at this morning? Brom which is also selling
Speaker 1: off further after the Oracle news, we get the shares
Speaker 1: are down about eleven percent. Now that the care is avgo,
Speaker 1: it's of course coming off AI and actually we saw
Speaker 1: a strong earnings report, but the outlook is really shaking investors' confidence.
Speaker 1: What we heard from their CEO is that the company
Speaker 1: has a backloock of seventy three billions in AI product orders.
Speaker 1: That clearly shook investors. The CEO later qualified but the
Speaker 1: figure was a minimum, but that clearly is not bringing
Speaker 1: much relief.
Speaker 3: Broadcom has been on a crazy rally this year.
Speaker 1: The stock was up more than seventy five percent, so
Speaker 1: you can imagine that's one reason investors are punishing the
Speaker 1: company swiftly after this. The conference co come after this
Speaker 1: really big rally. Investors were seeking more clarity about what's
Speaker 1: the actual payoff from AI, and it seems like they're
Speaker 1: not very excited about the answer.
Speaker 3: Instead, they get a big timetable.
Speaker 1: There is no i AI revenue forecast for twenty twenty six,
Speaker 1: which is one reason investors maybe even more worried. The
Speaker 1: report actually showed some strong numbers. Sales were about nineteen billion,
Speaker 1: which is much higher than what analysts we're expecting. But
Speaker 1: we can see in that world of AI where everyone
Speaker 1: is worried about those circular deal and Broadcam is the
Speaker 1: center of many of those, including.
Speaker 3: One with open AI.
Speaker 1: Any type of outlook miss is punished very very harshly. Yeah,
Speaker 1: Org and it's and we're also talking leggings and Little
Speaker 1: Lemon having a good day.
Speaker 2: What's going on a.
Speaker 3: Very different topic, but lotul Lemon is doing.
Speaker 1: The stock is of about nine percent and it's searched
Speaker 1: about fourteen in earlier tradings. It seems like the CEO
Speaker 1: of the Price yoga Wear is about to move and
Speaker 1: then the company books it it's food ear outlook and
Speaker 1: announced that the CEO stepped down.
Speaker 3: After a period of sluggish growth.
Speaker 1: That's been an interesting space We're getting so many different
Speaker 1: brands with yoga pants that.
Speaker 3: Are worth more than one hundred dollars.
Speaker 1: We have Yeah, we have Alo, we have Nike, even
Speaker 1: having a collaboration with Skim's and King Kardashian. So it's
Speaker 1: been a very competitive space. And lul Lemon, which was
Speaker 1: once kind of the leader and the go to market
Speaker 1: fo one hundred dollars yoga pants, has been struggling. The
Speaker 1: company has been down more than fifty percent this year.
Speaker 1: This is really one of the best days for the
Speaker 1: company in some times. The fiscal third quarter report had
Speaker 1: a few positive numbers profit and comparable sales bid analysts expectations.
Speaker 3: So some relief there and be more.
Speaker 1: Excited about the potential of a new CEO coming and
Speaker 1: kind of lift the brand back to the great days.
Speaker 2: All right.
Speaker 3: Finally, City Group CIT.
Speaker 1: Group shares are now flat, but they search in earlier trading.
Speaker 1: JP Morgan raised the recommendation on the lender to overrate
Speaker 1: from a neutral. Pretty big change there. City Group stands
Speaker 1: to benefit from a solid economy. This is just what
Speaker 1: JP Morgan is saying. At the same time, City should
Speaker 1: continue to benefit from further transformation, including improving its efficiency ratio,
Speaker 1: making progress on consent orders and reducing stranded costs, so.
Speaker 3: Quite a bullish forecast there.
Speaker 1: The price target is one hundred and twenty four doors,
Speaker 1: coming from about one hundred and seven, and this is
Speaker 1: about eleven percent upside from here, so pretty bullish. Note
Speaker 1: and we saw some upside in earlier trading, but now
Speaker 1: obviously the whole market is trading lower.
Speaker 2: After the Oracle news the stock Mover's report from Bloomberg Radio.
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Speaker 2: roundup of companies making news on Wall Street and for
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