1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,640 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,680 --> 00:00:22,400 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Ttel while we 6 00:00:22,480 --> 00:00:25,599 Speaker 3: wait for earnings across the Bloomberg terminal from Walmart. It 7 00:00:25,760 --> 00:00:29,240 Speaker 3: seems that investors aren't waiting to move on this stock. 8 00:00:29,280 --> 00:00:30,640 Speaker 3: What's going on, Valerie More? 9 00:00:30,720 --> 00:00:32,840 Speaker 1: Yeah, Walmart falling as much as two and a half 10 00:00:32,880 --> 00:00:35,800 Speaker 1: percent so far in pre market trade ahead of their earnings, 11 00:00:35,800 --> 00:00:38,000 Speaker 1: which are due to drop in the next five minutes. 12 00:00:38,000 --> 00:00:41,440 Speaker 1: So a lot of expectation for this earnings report today, 13 00:00:42,000 --> 00:00:44,839 Speaker 1: but there are quite some bullish expectations. A lot of 14 00:00:44,840 --> 00:00:47,000 Speaker 1: that is due to the fact that they gave conservative 15 00:00:47,000 --> 00:00:49,559 Speaker 1: guidance and their previous set of results before they had 16 00:00:49,600 --> 00:00:52,960 Speaker 1: clarity on tariffs. We really looked to Walmart as a 17 00:00:53,000 --> 00:00:56,680 Speaker 1: proxy for consumer spending and for consumption, which for the 18 00:00:56,760 --> 00:01:00,480 Speaker 1: US GDP makes up about two thirds of GDP growth. 19 00:01:00,520 --> 00:01:03,520 Speaker 1: So we'll hopefully see those earnings in just a few moments, 20 00:01:03,520 --> 00:01:06,280 Speaker 1: but Walmart's in the red to start this morning's trade. 21 00:01:06,400 --> 00:01:09,000 Speaker 3: All right, Well, while we wait for those earnings, let's 22 00:01:09,000 --> 00:01:12,960 Speaker 3: talk about what we've been seeing and Palunteer. That stock 23 00:01:13,040 --> 00:01:16,759 Speaker 3: has been on quite the sell off over the last 24 00:01:16,800 --> 00:01:17,440 Speaker 3: few days. 25 00:01:17,680 --> 00:01:20,440 Speaker 1: Yeah, quite the selloff. Pollunteer has actually been the worst 26 00:01:20,440 --> 00:01:23,399 Speaker 1: performing stock in the S and P five hundred over 27 00:01:23,400 --> 00:01:26,240 Speaker 1: the last six sessions. But we're seeing some signs that 28 00:01:26,360 --> 00:01:29,280 Speaker 1: maybe the worst of the tech route is over. Palneer 29 00:01:29,360 --> 00:01:32,960 Speaker 1: shares up over one percent in pre market trade. Navidia 30 00:01:33,000 --> 00:01:36,400 Speaker 1: shares as well in the green, up seven tents of 31 00:01:36,480 --> 00:01:39,000 Speaker 1: one percent. But this is important for Pallenteer because in the 32 00:01:39,040 --> 00:01:42,000 Speaker 1: last six sessions it's wiped off around seventy three billion 33 00:01:42,080 --> 00:01:45,720 Speaker 1: in market value, falling sixteen percent. It's worst week for 34 00:01:45,760 --> 00:01:49,040 Speaker 1: the stock since the April tariff tantrum. It has given 35 00:01:49,080 --> 00:01:51,760 Speaker 1: some money to the short sellers. We had some data 36 00:01:51,920 --> 00:01:55,000 Speaker 1: from S three Partners showing that short sellers have pocketed 37 00:01:55,000 --> 00:01:57,680 Speaker 1: more than one point six billion in profits from the 38 00:01:57,760 --> 00:01:59,880 Speaker 1: slide of the last few days. A short interest in 39 00:01:59,880 --> 00:02:01,640 Speaker 1: the stock, though, remains quite small, around two and a 40 00:02:01,680 --> 00:02:04,240 Speaker 1: half percent of free flow. But the stock that has 41 00:02:04,280 --> 00:02:07,920 Speaker 1: gone parabolic lately seems to be, you know, doing all 42 00:02:08,000 --> 00:02:09,680 Speaker 1: right with this tech route maybe ending. 43 00:02:09,960 --> 00:02:12,320 Speaker 3: Yeah, at least this morning, that's for sure. Let's talk 44 00:02:12,360 --> 00:02:14,359 Speaker 3: about some other stocks that have been on the move 45 00:02:15,000 --> 00:02:18,120 Speaker 3: following their earnings. What's happening with Cody? 46 00:02:19,040 --> 00:02:21,160 Speaker 1: So Cody, this is a very interesting one. It's a 47 00:02:21,200 --> 00:02:25,240 Speaker 1: beauty and perfume conglomerate. They own cover Girl in rim All, 48 00:02:25,360 --> 00:02:28,120 Speaker 1: but this morning the stock is down over twenty one percent. 49 00:02:28,639 --> 00:02:31,600 Speaker 1: They posted an unexpected loss after their earnings of five 50 00:02:31,680 --> 00:02:34,440 Speaker 1: cents per share. Estimates were for a two cent profit. 51 00:02:34,480 --> 00:02:38,240 Speaker 1: They also forecasted a seep steep sales decline in the 52 00:02:38,240 --> 00:02:42,440 Speaker 1: future as customer a demand remains soft. This is less 53 00:02:42,560 --> 00:02:45,880 Speaker 1: really of a Teriff narrative here, Nathan, but more of 54 00:02:45,960 --> 00:02:48,920 Speaker 1: just a company that's really been struggling with a turnaround plan. 55 00:02:49,520 --> 00:02:52,400 Speaker 1: It's been a five year turnaround plan. It seems to 56 00:02:52,440 --> 00:02:55,720 Speaker 1: have been unsuccessful. Sort of seeing Cody drop twenty one 57 00:02:55,760 --> 00:02:57,639 Speaker 1: percent in pre market trade. 58 00:02:57,520 --> 00:03:00,639 Speaker 3: A different story though, when it comes to Weave, those 59 00:03:00,639 --> 00:03:01,800 Speaker 3: shares are on the rise this morning. 60 00:03:01,960 --> 00:03:03,560 Speaker 1: Yeah, this is a bit of a different one for 61 00:03:03,919 --> 00:03:07,560 Speaker 1: core Weave. We had some regulatory filings that showed that 62 00:03:07,720 --> 00:03:11,160 Speaker 1: Jane Street had made a passive investment in the company 63 00:03:11,200 --> 00:03:14,280 Speaker 1: of around five point four percent so they hold a 64 00:03:14,360 --> 00:03:16,440 Speaker 1: five percent steak now in the company, and I guess 65 00:03:16,480 --> 00:03:20,960 Speaker 1: those regulatory filings. The market is I guess doing pretty 66 00:03:20,960 --> 00:03:22,720 Speaker 1: well off the back of that. Core weave is rising 67 00:03:22,760 --> 00:03:24,720 Speaker 1: over three percent so far off the back of this, 68 00:03:25,040 --> 00:03:25,840 Speaker 1: and we just. 69 00:03:25,760 --> 00:03:28,960 Speaker 3: Have this red headline crossing the Bloomberg terminal. Boeing said 70 00:03:28,960 --> 00:03:30,560 Speaker 3: to be in talks to sell as many as five 71 00:03:30,639 --> 00:03:33,880 Speaker 3: hundred planes to China, and this stock is spiking. 72 00:03:33,960 --> 00:03:36,680 Speaker 1: Valve yeah, up two point six percent off the back 73 00:03:36,720 --> 00:03:39,480 Speaker 1: of these headlines. Nathan for Boeing is said to be 74 00:03:39,520 --> 00:03:41,440 Speaker 1: in talks to sell as many as five hundred planes 75 00:03:41,440 --> 00:03:45,080 Speaker 1: to China. As you mentioned, it's citing sources familiar with 76 00:03:45,160 --> 00:03:48,680 Speaker 1: the matter, and had mentioned that the megasel to China 77 00:03:48,720 --> 00:03:51,960 Speaker 1: is actually contingent on the two nations diffusing some of 78 00:03:52,000 --> 00:03:55,040 Speaker 1: the trade hostilities that go back to Donald Trump's first 79 00:03:55,120 --> 00:03:57,560 Speaker 1: term when he began the trade war with China. So 80 00:03:57,560 --> 00:03:59,040 Speaker 1: that could still fall apart, and a lot of that 81 00:03:59,120 --> 00:04:01,680 Speaker 1: might hinge more on the political sphere, but it does 82 00:04:01,720 --> 00:04:05,000 Speaker 1: say seem to be that Boeing is acting positively to 83 00:04:05,040 --> 00:04:07,320 Speaker 1: this latest headline in talks to sell as many as 84 00:04:07,320 --> 00:04:09,360 Speaker 1: five hundred planes to China. The stock is up two 85 00:04:09,360 --> 00:04:10,040 Speaker 1: and a half percent. 86 00:04:11,480 --> 00:04:15,520 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 87 00:04:15,600 --> 00:04:18,160 Speaker 2: us throughout the day for the latest roundup of companies 88 00:04:18,240 --> 00:04:21,360 Speaker 2: making news on Wall Street and for the latest market 89 00:04:21,360 --> 00:04:25,839 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 90 00:04:25,920 --> 00:04:29,440 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 91 00:04:29,520 --> 00:04:31,000 Speaker 2: the Bloomberg Business app.