Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg.
Speaker 1: Data as well LEAs in studio with us, and of
Speaker 1: course is well, why don't you share your opinion with
Speaker 1: us on the big movers of the morning.
Speaker 3: So far, we have to talk about Nvidia. I feel
Speaker 3: like that is we would be remiss if we don't
Speaker 3: talk about it. Stock is hired by three times of
Speaker 3: one percent. I mean, that's really flat, and it's interesting
Speaker 3: because profit rows more than twenty percent year over year,
Speaker 3: revenue climb eighty five percent. Forecast was solid. Jensen Awau
Speaker 3: himself said that the man has gone parabolic? How parabolic?
Speaker 3: While the company's AI is spending infrastructure would climb as
Speaker 3: high as four trillion dollars in twenty twenty thirty, that's
Speaker 3: up from roughly just one trillion dollars today, So every
Speaker 3: number is really eye popping. It's always been a beat
Speaker 3: in a race, but I feel like investors are just
Speaker 3: really wanting more and more. The company also authorized an
Speaker 3: eighty billion dollars share buy back, so that's also great news,
Speaker 3: But I feel like As the pie gets bigger, the
Speaker 3: slice is at the risk of becoming smaller because we
Speaker 3: know that a variety of chip makers are trying to
Speaker 3: get a piece of the business. There's the likes of AMD,
Speaker 3: which has rival processors, Broadcom, Alphabet inks also trying to
Speaker 3: come up with their own So.
Speaker 1: I know what their GPUs.
Speaker 3: Yeah, I think it's it's that maybe, I mean people
Speaker 3: are just becoming greedy.
Speaker 1: People gotten used to in video blowing out of oil.
Speaker 3: That's negative words.
Speaker 1: Would you say that?
Speaker 3: Yeah?
Speaker 1: Absolutely, you know that's the expectation, show me more. What
Speaker 1: else can you do?
Speaker 3: Right? And it's not proven, but some people are saying
Speaker 3: maybe it got overshadowed by SpaceX dropping the paperwork.
Speaker 1: No, absolutely, that's the same timet of that.
Speaker 2: All right, what else?
Speaker 3: We have Elf Beauty, Elf Beauty higher by one and
Speaker 3: a half percent tickers Elf, So they got a winner there.
Speaker 3: So it was they reported and they beat average estimates
Speaker 3: on major profit than revenue growth. So ALF as a
Speaker 3: cosmetics company, they're adjusted EPs for twenty twenty seven, however,
Speaker 3: fell short of estimates, and that's why you probably saw
Speaker 3: cuts and price targets from Room and James kind of
Speaker 3: court and Jeffries, But I don't know why this stock
Speaker 3: is higher. I guess investors are digesting it that this
Speaker 3: is the skincare of road, known for Hailey, Bieberg, Naturium,
Speaker 3: and elf Mix. So Bloomberg Intelligence said that the fiscal
Speaker 3: sales growth suggests pressure. Morgan Stanley said forecast confirms that
Speaker 3: the momentum has sloaded for cosmetics, and City also said
Speaker 3: that yes, the results were good, but the acknowledge that
Speaker 3: there are many moving pieces from the report.
Speaker 1: Rising oil prices definitely don't help because that's a key
Speaker 1: ingredient for a lot of cosmetics. So that's something to
Speaker 1: keep in mind. That is By the way, I'm going
Speaker 1: to speak with L Beauty's CEO and CFO next we
Speaker 1: saw it. Yeah, so we're going to touch on this
Speaker 1: earnings report. I it's a longer broader conversation with the
Speaker 1: CFO about their overall strategy, but I'm looking forward to
Speaker 1: seeing their makeup closet.
Speaker 3: You have to invest in your face, guys.
Speaker 1: I'm just telling you it's coming from Paul Sway exactly.
Speaker 3: That is, my friends, Manto, when you buys expensive skincare,
Speaker 3: you you only have one face.
Speaker 1: Yep, that's what you've one more Walmart Real Quick Walmart
Speaker 1: down by seven percent.
Speaker 3: I mean, it's also the price pressures the company. They
Speaker 3: reported justted epis for the second quarter that miss estimates,
Speaker 3: and we also got a warning from them again to
Speaker 3: Scarlette's point, it's fuel cost queezing the company's bottom line,
Speaker 3: which could lead to higher prices for shoppers. But they're
Speaker 3: attracting a lot of the higher end consumers as well
Speaker 3: as the lower end consumers.
Speaker 1: So there's the digital sales are twenty six percent. Yeah,
Speaker 1: I bought a lot of stuff over Walmart dot com.
Speaker 3: Is spouse delivery I've never bought, Yeah, it is.
Speaker 1: It is. The return situation is not as seamless as Amazon.
Speaker 1: They got to work on that. So that's my note
Speaker 1: to them.
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