WEBVTT - Broadcom Slides, Lululemon Gains, Citigroup Rises on Boeing Call

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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. Let's

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<v Speaker 2>take a look at some of the stocks on the

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<v Speaker 2>move today and Paul Swingey alongside Christine.

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<v Speaker 3>Quino, and we're joined by Bloombergs.

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<v Speaker 1>They need a set COVI, they need to what are

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<v Speaker 1>you looking at this morning? Brom which is also selling

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<v Speaker 1>off further after the Oracle news, we get the shares

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<v Speaker 1>are down about eleven percent. Now that the care is avgo,

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<v Speaker 1>it's of course coming off AI and actually we saw

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<v Speaker 1>a strong earnings report, but the outlook is really shaking investors' confidence.

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<v Speaker 1>What we heard from their CEO is that the company

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<v Speaker 1>has a backloock of seventy three billions in AI product orders.

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<v Speaker 1>That clearly shook investors. The CEO later qualified but the

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<v Speaker 1>figure was a minimum, but that clearly is not bringing

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<v Speaker 1>much relief.

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<v Speaker 3>Broadcom has been on a crazy rally this year.

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<v Speaker 1>The stock was up more than seventy five percent, so

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<v Speaker 1>you can imagine that's one reason investors are punishing the

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<v Speaker 1>company swiftly after this. The conference co come after this

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<v Speaker 1>really big rally. Investors were seeking more clarity about what's

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<v Speaker 1>the actual payoff from AI, and it seems like they're

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<v Speaker 1>not very excited about the answer.

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<v Speaker 3>Instead, they get a big timetable.

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<v Speaker 1>There is no i AI revenue forecast for twenty twenty six,

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<v Speaker 1>which is one reason investors maybe even more worried. The

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<v Speaker 1>report actually showed some strong numbers. Sales were about nineteen billion,

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<v Speaker 1>which is much higher than what analysts we're expecting. But

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<v Speaker 1>we can see in that world of AI where everyone

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<v Speaker 1>is worried about those circular deal and Broadcam is the

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<v Speaker 1>center of many of those, including.

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<v Speaker 3>One with open AI.

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<v Speaker 1>Any type of outlook miss is punished very very harshly. Yeah,

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<v Speaker 1>Org and it's and we're also talking leggings and Little

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<v Speaker 1>Lemon having a good day.

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<v Speaker 2>What's going on a.

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<v Speaker 3>Very different topic, but lotul Lemon is doing.

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<v Speaker 1>The stock is of about nine percent and it's searched

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<v Speaker 1>about fourteen in earlier tradings. It seems like the CEO

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<v Speaker 1>of the Price yoga Wear is about to move and

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<v Speaker 1>then the company books it it's food ear outlook and

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<v Speaker 1>announced that the CEO stepped down.

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<v Speaker 3>After a period of sluggish growth.

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<v Speaker 1>That's been an interesting space We're getting so many different

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<v Speaker 1>brands with yoga pants that.

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<v Speaker 3>Are worth more than one hundred dollars.

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<v Speaker 1>We have Yeah, we have Alo, we have Nike, even

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<v Speaker 1>having a collaboration with Skim's and King Kardashian. So it's

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<v Speaker 1>been a very competitive space. And lul Lemon, which was

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<v Speaker 1>once kind of the leader and the go to market

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<v Speaker 1>fo one hundred dollars yoga pants, has been struggling. The

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<v Speaker 1>company has been down more than fifty percent this year.

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<v Speaker 1>This is really one of the best days for the

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<v Speaker 1>company in some times. The fiscal third quarter report had

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<v Speaker 1>a few positive numbers profit and comparable sales bid analysts expectations.

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<v Speaker 3>So some relief there and be more.

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<v Speaker 1>Excited about the potential of a new CEO coming and

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<v Speaker 1>kind of lift the brand back to the great days.

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<v Speaker 2>All right.

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<v Speaker 3>Finally, City Group CIT.

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<v Speaker 1>Group shares are now flat, but they search in earlier trading.

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<v Speaker 1>JP Morgan raised the recommendation on the lender to overrate

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<v Speaker 1>from a neutral. Pretty big change there. City Group stands

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<v Speaker 1>to benefit from a solid economy. This is just what

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<v Speaker 1>JP Morgan is saying. At the same time, City should

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<v Speaker 1>continue to benefit from further transformation, including improving its efficiency ratio,

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<v Speaker 1>making progress on consent orders and reducing stranded costs, so.

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<v Speaker 3>Quite a bullish forecast there.

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<v Speaker 1>The price target is one hundred and twenty four doors,

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<v Speaker 1>coming from about one hundred and seven, and this is

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<v Speaker 1>about eleven percent upside from here, so pretty bullish. Note

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<v Speaker 1>and we saw some upside in earlier trading, but now

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<v Speaker 1>obviously the whole market is trading lower.

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<v Speaker 2>After the Oracle news the stock Mover's report from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day for the latest

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<v Speaker 2>roundup of companies making news on Wall Street and for

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<v Speaker 2>the latest market moving headlines. Listen Toloomberg Radio Live. Catch

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