WEBVTT - Home Depot Higher, Intel Rises, Nvidia Falls 

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

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<v Speaker 2>The Stock Mover's Report, your roundup of companies making moves

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

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<v Speaker 3>I'm Emily Graffeo.

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<v Speaker 4>Tim Stenovic is here.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 5>We're joined by Managing editor for Bloomberg Markets Live Blog,

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<v Speaker 5>Christine Akino. Okay, Home Depot, this is one that I

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<v Speaker 5>feel like Wall Street really pays attention to because it's

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<v Speaker 5>considered an economic bell weather, a read on the consumer.

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<v Speaker 2>How did it do well?

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<v Speaker 1>It did pretty well, actually, Emily so Home Depot HD

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<v Speaker 1>shares up more than three percent at the close. And

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<v Speaker 1>you know, we did get their results for the second

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<v Speaker 1>quarter comparable sales return to growth, So that is the

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<v Speaker 1>main story there, right, it was falling before three point

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<v Speaker 1>three percent a year earlier. Now for this particular quarter

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<v Speaker 1>it rose one percent. The kicker though, is that it

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<v Speaker 1>did fall short of analysts estimate. They were expecting a

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<v Speaker 1>one point thirty nine percent growth rate. But still that

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<v Speaker 1>was enough to push the stocks higher. And in terms

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<v Speaker 1>of you know, it's function as about weather. What we

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<v Speaker 1>did hear from CFO Richard McPhail was that Americas aren't

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<v Speaker 1>necessarily taking on large projects at the moment. What they're

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<v Speaker 1>doing and said are is taking on smaller projects and

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<v Speaker 1>home depots still benefiting from that. So Bloombera Intelligence saying

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<v Speaker 1>that it's investment in areas, including its online website and

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<v Speaker 1>its supply chain make it well placed for a remap.

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<v Speaker 6>Yeah, this is This is interesting to say because as

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<v Speaker 6>somebody who's not good at home improvement, I still have

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<v Speaker 6>to buy stuff from home depot. Yeah. It's just a

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<v Speaker 6>question of like I see people there and I'm like,

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<v Speaker 6>how do you guys know how to use all this stuff?

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<v Speaker 2>Right?

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<v Speaker 6>There's like do you use a plumber?

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<v Speaker 1>Yeah? What do.

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<v Speaker 2>I Like?

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<v Speaker 6>I used to build cool stuff with my dad when

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<v Speaker 6>I was little, But sometimes we don't. And you know,

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<v Speaker 6>but back then, like we had, we lived in a

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<v Speaker 6>place where people had garages and power tools. It's not

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<v Speaker 6>like that in New York City.

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<v Speaker 1>There is expensive real estate.

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<v Speaker 4>Yeah no, but there's a there's a new.

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<v Speaker 5>Home depot near our office in Midtown East.

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<v Speaker 6>Well, it's moved. It used to be in our building.

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<v Speaker 6>Did you know that? Yes, in our building there was

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<v Speaker 6>our depot.

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<v Speaker 3>It was in our building, but it moved and it's

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<v Speaker 3>it's it's nice. I've been in there sixty first Yeah.

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<v Speaker 2>Yeah, it is.

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<v Speaker 4>I'm not getting lumber.

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<v Speaker 3>I go in there and get like batteries, so lame,

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<v Speaker 3>you know, Okay, Christine.

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<v Speaker 2>Intel is another stock, you were.

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<v Speaker 1>Intel, that's a green stock today it's a a I

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<v Speaker 1>NTC shares about seven percent at the close. And you know,

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<v Speaker 1>we've had a few big names investing into that company.

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<v Speaker 1>We have. Of course, SoftBank are going to take a

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<v Speaker 1>two billion dollar steak in a company following a report

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<v Speaker 1>that the Trump administration is in discussion to take a

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<v Speaker 1>stake of about ten percent, So a lot of interests.

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<v Speaker 1>There are a lot of big names coming and buying

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<v Speaker 1>into the company. Analysts generally seeing that as a positive,

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<v Speaker 1>but then they're also so skeptical about a lot of

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<v Speaker 1>the company's prospects. A lot of questions still remaining there.

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<v Speaker 1>Webbush actually arguing that the government taking a direct stake

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<v Speaker 1>could inhibit Intel's ability to maximize shareholder value.

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<v Speaker 6>I look, I'm not going to argue one way or another,

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<v Speaker 6>but I understand that argument.

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<v Speaker 1>I mean, if you're beholding to a big shareholders the

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<v Speaker 1>US government is yeah, you could imagine it would have

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<v Speaker 1>lost way.

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<v Speaker 6>Or if you're a company that is not seen as

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<v Speaker 6>one that is part of a traditional quote unquote free

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<v Speaker 6>market where companies are allowed to fail or succeed based

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<v Speaker 6>on their merit and what they're providing to customers, then

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<v Speaker 6>you know, I think there's complications there.

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<v Speaker 5>Yeah.

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<v Speaker 4>I think it's going to be a wait and see

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<v Speaker 4>because we did see the stock drop yesterday when Bloomberg

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<v Speaker 4>News reported that the government was taking at ten percent stake,

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<v Speaker 4>but then it was up today.

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<v Speaker 3>So would you say the market is still undecided about yeah,

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<v Speaker 3>this is good or bad?

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<v Speaker 1>Exactly. I think there's kind of like questions and that's

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<v Speaker 1>part of what annlets are saying. There's questions over how

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<v Speaker 1>this is going to play out moving forward, and can

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<v Speaker 1>Until maintain its sovereignty over its strategic direction.

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<v Speaker 3>In Vidia is your final stock.

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<v Speaker 6>Which is is linked to Intel. Yeah, you know when

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<v Speaker 6>we're talking about Intel's woes we can talk about in videos.

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<v Speaker 1>Yes, such exactly picture not today, yeah exactly. I mean

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<v Speaker 1>that's primarily the reason why the whole market is down

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<v Speaker 1>right in Vida is pretty much the market these days.

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<v Speaker 1>So ticker MVDA down three and a half percent at

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<v Speaker 1>the close again. It is one of the big casualties

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<v Speaker 1>of a tech so off. Today we have the Bloomberg

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<v Speaker 1>mag seven index down three days in a row. Now

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<v Speaker 1>that's the longest streak since June. And reminder that in

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<v Speaker 1>Video reports second quarter earnings next week, big expectations there.

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<v Speaker 1>Analysts are seeing forty four percent earning growth, they want

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<v Speaker 1>to see a fifty three percent search in revenue. And

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<v Speaker 1>you know, for all of its declients today, it is

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<v Speaker 1>still a favorite among big investors. The latest thirteen f findings,

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<v Speaker 1>for instance, show that one hundred and seven hedge funds

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<v Speaker 1>have more than five percent of their disclose equity investments

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<v Speaker 1>in nvideo. So still a big favorite there despite the declines.

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<v Speaker 4>Yeah, think about it.

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<v Speaker 5>If you're investing in a hedge fund and your hedge

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<v Speaker 5>fund manager is like, oh I don't.

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<v Speaker 4>Like Nvidio, you'd be like, oh my god, yeah, I'm.

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<v Speaker 2>Follow a new hedge fund manager.

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<v Speaker 4>I'm gonna find a new hedge fund manager.

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<v Speaker 3>That's a hard one to bet against.

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