1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,320 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,040 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,079 --> 00:00:18,520 Speaker 2: the move today. 6 00:00:18,560 --> 00:00:21,599 Speaker 3: I'm Paul Sweeney alongside at Alexis Christopher's and we're joined 7 00:00:21,600 --> 00:00:23,360 Speaker 3: by Bloomberg's Lisa Matteo. 8 00:00:23,400 --> 00:00:25,560 Speaker 2: Lisa, what are you looking at? Okay, We're starting with Nvidio, 9 00:00:25,720 --> 00:00:27,000 Speaker 2: right NVDA. 10 00:00:27,560 --> 00:00:28,159 Speaker 1: These starts have. 11 00:00:28,200 --> 00:00:30,120 Speaker 2: Really been on this roller coaster ride. Okay, So they 12 00:00:30,160 --> 00:00:33,279 Speaker 2: fell more than three percent yesterday after initially climbing more 13 00:00:33,320 --> 00:00:35,640 Speaker 2: than five percent after that. You know, their revenue forecast 14 00:00:35,680 --> 00:00:39,200 Speaker 2: was stronger than expected before the open. Shares are actually 15 00:00:39,280 --> 00:00:42,360 Speaker 2: starting to battle back. They're now up nearly one percent. 16 00:00:42,800 --> 00:00:45,080 Speaker 2: But those swings having an impact on the markets too, 17 00:00:45,159 --> 00:00:48,160 Speaker 2: which has been on their own roller coaster ride yesterday 18 00:00:48,479 --> 00:00:50,320 Speaker 2: even before the bell and we've seen kind of a 19 00:00:50,360 --> 00:00:54,240 Speaker 2: shift to now shares Our markets are higher, and Video 20 00:00:54,280 --> 00:00:56,440 Speaker 2: said Wednesday, sales are going to be about sixty five 21 00:00:56,480 --> 00:00:59,080 Speaker 2: billion in the January quarter, roughly three billion more than 22 00:00:59,080 --> 00:01:02,160 Speaker 2: analysts predicted. But there was always that fear from investors 23 00:01:02,160 --> 00:01:05,200 Speaker 2: that spending on its AI chips is not sustainable. Talk 24 00:01:05,280 --> 00:01:07,440 Speaker 2: of an AI bubble. So that's why it's kind of 25 00:01:07,680 --> 00:01:08,640 Speaker 2: been all over the map. 26 00:01:10,640 --> 00:01:13,560 Speaker 3: We also, yeah, maybe it's down three percent, but I mean, 27 00:01:14,120 --> 00:01:14,440 Speaker 3: I don't know. 28 00:01:14,440 --> 00:01:16,240 Speaker 2: The numbers are great. Yeah, I don't. 29 00:01:16,600 --> 00:01:17,080 Speaker 1: What do I know? 30 00:01:17,080 --> 00:01:20,040 Speaker 3: It's Walmart was down even though their numbers were good. 31 00:01:20,160 --> 00:01:22,559 Speaker 2: Yep, all right, we'll see how it goes, all right, Gap, 32 00:01:22,680 --> 00:01:24,480 Speaker 2: these shares have been on a on a on a 33 00:01:24,520 --> 00:01:27,480 Speaker 2: tair up as much as seven percent. They keep rising 34 00:01:27,920 --> 00:01:30,520 Speaker 2: stronger than expected sales. Right, they're two biggest brands. You 35 00:01:30,520 --> 00:01:33,280 Speaker 2: have Old Navy and Gap. Those were the strong ones 36 00:01:33,280 --> 00:01:35,960 Speaker 2: for them. Old Navy they had denim active where kids 37 00:01:36,000 --> 00:01:39,600 Speaker 2: baby categories they did really well. What's leading to the success. 38 00:01:39,640 --> 00:01:42,080 Speaker 2: Here's what they say. Okay, so they say it's celebrity 39 00:01:42,080 --> 00:01:45,000 Speaker 2: fueled marketing. They have GAP studio line that's being promoted 40 00:01:45,040 --> 00:01:50,240 Speaker 2: by Gwyneth Paltrow and her daughter. They're still offering. Yes, 41 00:01:49,640 --> 00:01:53,559 Speaker 2: she is an active making company. Yeah, that's true, she does. 42 00:01:53,960 --> 00:01:56,600 Speaker 2: And it's kind of in that same space too. Okay, 43 00:01:56,680 --> 00:01:59,760 Speaker 2: So you also have non apparel categories like hair but 44 00:02:00,120 --> 00:02:04,720 Speaker 2: miss lotions available at Old Navy, Flashy collaborations and what's 45 00:02:04,760 --> 00:02:07,920 Speaker 2: happening is that they're starting to lure in higher income 46 00:02:08,000 --> 00:02:11,360 Speaker 2: consumers and that's also helping them. The only brand that 47 00:02:11,480 --> 00:02:15,120 Speaker 2: suffered from Gap was Athleta. They have a new CEO. 48 00:02:15,160 --> 00:02:17,320 Speaker 2: They're hoping that brand is going to kind of move 49 00:02:17,360 --> 00:02:20,239 Speaker 2: in a different direction and start to do a little 50 00:02:20,280 --> 00:02:23,480 Speaker 2: bit better for the company. But they're offsetting their tariff 51 00:02:23,520 --> 00:02:26,040 Speaker 2: impact because a lot of consumers are spending cautiously looking 52 00:02:26,040 --> 00:02:28,760 Speaker 2: for discounts, but Gap has managed to sell all their products, 53 00:02:29,040 --> 00:02:31,720 Speaker 2: most of them at full price. It raised the price 54 00:02:31,720 --> 00:02:34,320 Speaker 2: of denim, but it didn't de church oppers because people 55 00:02:34,320 --> 00:02:35,799 Speaker 2: are still buying their genes and. 56 00:02:35,800 --> 00:02:38,959 Speaker 3: You know what, they better Thank Cat's Eye. That girl group, 57 00:02:39,760 --> 00:02:42,120 Speaker 3: there's like a six I think they're six girls that 58 00:02:42,200 --> 00:02:45,720 Speaker 3: are part of that Better in Denim ad CAMPAIGNE Gap. 59 00:02:46,639 --> 00:02:48,520 Speaker 3: I don't know their songs. I couldn't tell you one 60 00:02:48,520 --> 00:02:51,600 Speaker 3: of their songs. But apparently that's what's helping gaps bottom line. 61 00:02:51,680 --> 00:02:52,960 Speaker 2: Yeah, it's all the collaboration. 62 00:02:53,080 --> 00:02:54,680 Speaker 3: It's to really, really really helping. 63 00:02:55,360 --> 00:02:58,400 Speaker 2: What's not doing well today is all the crypto related 64 00:02:58,440 --> 00:03:01,000 Speaker 2: stocks are tanking on the fall of coin. You know, 65 00:03:01,040 --> 00:03:03,480 Speaker 2: you have Strategy Marrow holdings. They've been down as much 66 00:03:03,520 --> 00:03:05,880 Speaker 2: as two percent. Riot platforms has been down as much 67 00:03:05,919 --> 00:03:08,360 Speaker 2: as three percent, and Bitcoin, you know, on track for 68 00:03:08,440 --> 00:03:11,360 Speaker 2: its worst monthly performance since twenty twenty two. It's not 69 00:03:11,440 --> 00:03:13,959 Speaker 2: as much as six percent this morning, just above eighty thousand. 70 00:03:14,000 --> 00:03:16,120 Speaker 2: Now it's starting to pick up just a bit, but 71 00:03:16,200 --> 00:03:18,800 Speaker 2: data from Bloomberg showing Bitcoin is shed about a quarter 72 00:03:18,800 --> 00:03:21,280 Speaker 2: of its value in November. That's the most for a 73 00:03:21,320 --> 00:03:25,200 Speaker 2: single month since June of twenty twenty two. It's fell 74 00:03:25,240 --> 00:03:28,400 Speaker 2: over thirty percent since since that record in early October. 75 00:03:28,560 --> 00:03:30,519 Speaker 2: But this is all that's said. I mean, it's despite 76 00:03:30,560 --> 00:03:34,600 Speaker 2: the pro crypto White House right surging institutional adoption. There's 77 00:03:34,720 --> 00:03:37,360 Speaker 2: actually a fear level which I didn't even realize. It's 78 00:03:37,400 --> 00:03:40,840 Speaker 2: a gauge of crypto investors sentiment. It's compiled by coin 79 00:03:40,920 --> 00:03:45,080 Speaker 2: Glass and it measures things like volatility, momentum, demand. It 80 00:03:45,160 --> 00:03:47,840 Speaker 2: hit its lowest level since twenty twenty two meltdown. It's 81 00:03:47,880 --> 00:03:52,080 Speaker 2: currently indicating quote extreme fear among traders. That can't be 82 00:03:52,160 --> 00:03:54,120 Speaker 2: good if you look at it. It stood at like 83 00:03:54,240 --> 00:03:57,280 Speaker 2: ninety four just after President Trump won the presidential election, 84 00:03:57,440 --> 00:04:00,080 Speaker 2: just after over a year ago, and now it's at 85 00:04:00,120 --> 00:04:02,640 Speaker 2: extreme fear. So you start to see the difference in 86 00:04:02,680 --> 00:04:04,800 Speaker 2: how this shift and bitcoin is moving. 87 00:04:06,080 --> 00:04:10,320 Speaker 1: The Stockmovers Report from Bloomberg Radio. Check back with us 88 00:04:10,320 --> 00:04:13,120 Speaker 1: throughout the day for the latest roundup of companies making 89 00:04:13,200 --> 00:04:16,799 Speaker 1: news on Wall Street and for the latest market moving headlines. 90 00:04:17,040 --> 00:04:21,000 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 91 00:04:21,080 --> 00:04:24,159 Speaker 1: dot com, and on Applecarplay and Android Auto with the 92 00:04:24,200 --> 00:04:25,559 Speaker 1: Bloomberg Business app.