Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Emily Graffeo.
Speaker 4: Tim Stenovic is here.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 5: We're joined by Managing editor for Bloomberg Markets Live Blog,
Speaker 5: Christine Akino. Okay, Home Depot, this is one that I
Speaker 5: feel like Wall Street really pays attention to because it's
Speaker 5: considered an economic bell weather, a read on the consumer.
Speaker 2: How did it do well?
Speaker 1: It did pretty well, actually, Emily so Home Depot HD
Speaker 1: shares up more than three percent at the close. And
Speaker 1: you know, we did get their results for the second
Speaker 1: quarter comparable sales return to growth, So that is the
Speaker 1: main story there, right, it was falling before three point
Speaker 1: three percent a year earlier. Now for this particular quarter
Speaker 1: it rose one percent. The kicker though, is that it
Speaker 1: did fall short of analysts estimate. They were expecting a
Speaker 1: one point thirty nine percent growth rate. But still that
Speaker 1: was enough to push the stocks higher. And in terms
Speaker 1: of you know, it's function as about weather. What we
Speaker 1: did hear from CFO Richard McPhail was that Americas aren't
Speaker 1: necessarily taking on large projects at the moment. What they're
Speaker 1: doing and said are is taking on smaller projects and
Speaker 1: home depots still benefiting from that. So Bloombera Intelligence saying
Speaker 1: that it's investment in areas, including its online website and
Speaker 1: its supply chain make it well placed for a remap.
Speaker 6: Yeah, this is This is interesting to say because as
Speaker 6: somebody who's not good at home improvement, I still have
Speaker 6: to buy stuff from home depot. Yeah. It's just a
Speaker 6: question of like I see people there and I'm like,
Speaker 6: how do you guys know how to use all this stuff?
Speaker 2: Right?
Speaker 6: There's like do you use a plumber?
Speaker 1: Yeah? What do.
Speaker 2: I Like?
Speaker 6: I used to build cool stuff with my dad when
Speaker 6: I was little, But sometimes we don't. And you know,
Speaker 6: but back then, like we had, we lived in a
Speaker 6: place where people had garages and power tools. It's not
Speaker 6: like that in New York City.
Speaker 1: There is expensive real estate.
Speaker 4: Yeah no, but there's a there's a new.
Speaker 5: Home depot near our office in Midtown East.
Speaker 6: Well, it's moved. It used to be in our building.
Speaker 6: Did you know that? Yes, in our building there was
Speaker 6: our depot.
Speaker 3: It was in our building, but it moved and it's
Speaker 3: it's it's nice. I've been in there sixty first Yeah.
Speaker 2: Yeah, it is.
Speaker 4: I'm not getting lumber.
Speaker 3: I go in there and get like batteries, so lame,
Speaker 3: you know, Okay, Christine.
Speaker 2: Intel is another stock, you were.
Speaker 1: Intel, that's a green stock today it's a a I
Speaker 1: NTC shares about seven percent at the close. And you know,
Speaker 1: we've had a few big names investing into that company.
Speaker 1: We have. Of course, SoftBank are going to take a
Speaker 1: two billion dollar steak in a company following a report
Speaker 1: that the Trump administration is in discussion to take a
Speaker 1: stake of about ten percent, So a lot of interests.
Speaker 1: There are a lot of big names coming and buying
Speaker 1: into the company. Analysts generally seeing that as a positive,
Speaker 1: but then they're also so skeptical about a lot of
Speaker 1: the company's prospects. A lot of questions still remaining there.
Speaker 1: Webbush actually arguing that the government taking a direct stake
Speaker 1: could inhibit Intel's ability to maximize shareholder value.
Speaker 6: I look, I'm not going to argue one way or another,
Speaker 6: but I understand that argument.
Speaker 1: I mean, if you're beholding to a big shareholders the
Speaker 1: US government is yeah, you could imagine it would have
Speaker 1: lost way.
Speaker 6: Or if you're a company that is not seen as
Speaker 6: one that is part of a traditional quote unquote free
Speaker 6: market where companies are allowed to fail or succeed based
Speaker 6: on their merit and what they're providing to customers, then
Speaker 6: you know, I think there's complications there.
Speaker 5: Yeah.
Speaker 4: I think it's going to be a wait and see
Speaker 4: because we did see the stock drop yesterday when Bloomberg
Speaker 4: News reported that the government was taking at ten percent stake,
Speaker 4: but then it was up today.
Speaker 3: So would you say the market is still undecided about yeah,
Speaker 3: this is good or bad?
Speaker 1: Exactly. I think there's kind of like questions and that's
Speaker 1: part of what annlets are saying. There's questions over how
Speaker 1: this is going to play out moving forward, and can
Speaker 1: Until maintain its sovereignty over its strategic direction.
Speaker 3: In Vidia is your final stock.
Speaker 6: Which is is linked to Intel. Yeah, you know when
Speaker 6: we're talking about Intel's woes we can talk about in videos.
Speaker 1: Yes, such exactly picture not today, yeah exactly. I mean
Speaker 1: that's primarily the reason why the whole market is down
Speaker 1: right in Vida is pretty much the market these days.
Speaker 1: So ticker MVDA down three and a half percent at
Speaker 1: the close again. It is one of the big casualties
Speaker 1: of a tech so off. Today we have the Bloomberg
Speaker 1: mag seven index down three days in a row. Now
Speaker 1: that's the longest streak since June. And reminder that in
Speaker 1: Video reports second quarter earnings next week, big expectations there.
Speaker 1: Analysts are seeing forty four percent earning growth, they want
Speaker 1: to see a fifty three percent search in revenue. And
Speaker 1: you know, for all of its declients today, it is
Speaker 1: still a favorite among big investors. The latest thirteen f findings,
Speaker 1: for instance, show that one hundred and seven hedge funds
Speaker 1: have more than five percent of their disclose equity investments
Speaker 1: in nvideo. So still a big favorite there despite the declines.
Speaker 4: Yeah, think about it.
Speaker 5: If you're investing in a hedge fund and your hedge
Speaker 5: fund manager is like, oh I don't.
Speaker 4: Like Nvidio, you'd be like, oh my god, yeah, I'm.
Speaker 2: Follow a new hedge fund manager.
Speaker 4: I'm gonna find a new hedge fund manager.
Speaker 3: That's a hard one to bet against.
Speaker 2: The stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
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