WEBVTT - Nvidia Rises, Elf Beauty Climbs, Walmart Drops as it Flags Higher Fuel Costs Eroding Retailer’s Earnings 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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

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<v Speaker 1>Data as well LEAs in studio with us, and of

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<v Speaker 1>course is well, why don't you share your opinion with

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<v Speaker 1>us on the big movers of the morning.

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<v Speaker 3>So far, we have to talk about Nvidia. I feel

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<v Speaker 3>like that is we would be remiss if we don't

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<v Speaker 3>talk about it. Stock is hired by three times of

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<v Speaker 3>one percent. I mean, that's really flat, and it's interesting

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<v Speaker 3>because profit rows more than twenty percent year over year,

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<v Speaker 3>revenue climb eighty five percent. Forecast was solid. Jensen Awau

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<v Speaker 3>himself said that the man has gone parabolic? How parabolic?

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<v Speaker 3>While the company's AI is spending infrastructure would climb as

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<v Speaker 3>high as four trillion dollars in twenty twenty thirty, that's

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<v Speaker 3>up from roughly just one trillion dollars today, So every

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<v Speaker 3>number is really eye popping. It's always been a beat

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<v Speaker 3>in a race, but I feel like investors are just

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<v Speaker 3>really wanting more and more. The company also authorized an

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<v Speaker 3>eighty billion dollars share buy back, so that's also great news,

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<v Speaker 3>But I feel like As the pie gets bigger, the

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<v Speaker 3>slice is at the risk of becoming smaller because we

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<v Speaker 3>know that a variety of chip makers are trying to

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<v Speaker 3>get a piece of the business. There's the likes of AMD,

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<v Speaker 3>which has rival processors, Broadcom, Alphabet inks also trying to

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<v Speaker 3>come up with their own So.

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<v Speaker 1>I know what their GPUs.

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<v Speaker 3>Yeah, I think it's it's that maybe, I mean people

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<v Speaker 3>are just becoming greedy.

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<v Speaker 1>People gotten used to in video blowing out of oil.

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<v Speaker 3>That's negative words.

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<v Speaker 1>Would you say that?

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<v Speaker 3>Yeah?

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<v Speaker 1>Absolutely, you know that's the expectation, show me more. What

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<v Speaker 1>else can you do?

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<v Speaker 3>Right? And it's not proven, but some people are saying

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<v Speaker 3>maybe it got overshadowed by SpaceX dropping the paperwork.

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<v Speaker 1>No, absolutely, that's the same timet of that.

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<v Speaker 2>All right, what else?

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<v Speaker 3>We have Elf Beauty, Elf Beauty higher by one and

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<v Speaker 3>a half percent tickers Elf, So they got a winner there.

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<v Speaker 3>So it was they reported and they beat average estimates

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<v Speaker 3>on major profit than revenue growth. So ALF as a

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<v Speaker 3>cosmetics company, they're adjusted EPs for twenty twenty seven, however,

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<v Speaker 3>fell short of estimates, and that's why you probably saw

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<v Speaker 3>cuts and price targets from Room and James kind of

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<v Speaker 3>court and Jeffries, But I don't know why this stock

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<v Speaker 3>is higher. I guess investors are digesting it that this

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<v Speaker 3>is the skincare of road, known for Hailey, Bieberg, Naturium,

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<v Speaker 3>and elf Mix. So Bloomberg Intelligence said that the fiscal

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<v Speaker 3>sales growth suggests pressure. Morgan Stanley said forecast confirms that

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<v Speaker 3>the momentum has sloaded for cosmetics, and City also said

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<v Speaker 3>that yes, the results were good, but the acknowledge that

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<v Speaker 3>there are many moving pieces from the report.

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<v Speaker 1>Rising oil prices definitely don't help because that's a key

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<v Speaker 1>ingredient for a lot of cosmetics. So that's something to

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<v Speaker 1>keep in mind. That is By the way, I'm going

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<v Speaker 1>to speak with L Beauty's CEO and CFO next we

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<v Speaker 1>saw it. Yeah, so we're going to touch on this

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<v Speaker 1>earnings report. I it's a longer broader conversation with the

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<v Speaker 1>CFO about their overall strategy, but I'm looking forward to

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<v Speaker 1>seeing their makeup closet.

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<v Speaker 3>You have to invest in your face, guys.

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<v Speaker 1>I'm just telling you it's coming from Paul Sway exactly.

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<v Speaker 3>That is, my friends, Manto, when you buys expensive skincare,

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<v Speaker 3>you you only have one face.

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<v Speaker 1>Yep, that's what you've one more Walmart Real Quick Walmart

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<v Speaker 1>down by seven percent.

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<v Speaker 3>I mean, it's also the price pressures the company. They

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<v Speaker 3>reported justted epis for the second quarter that miss estimates,

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<v Speaker 3>and we also got a warning from them again to

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<v Speaker 3>Scarlette's point, it's fuel cost queezing the company's bottom line,

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<v Speaker 3>which could lead to higher prices for shoppers. But they're

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<v Speaker 3>attracting a lot of the higher end consumers as well

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<v Speaker 3>as the lower end consumers.

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<v Speaker 1>So there's the digital sales are twenty six percent. Yeah,

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<v Speaker 1>I bought a lot of stuff over Walmart dot com.

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<v Speaker 3>Is spouse delivery I've never bought, Yeah, it is.

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<v Speaker 1>It is. The return situation is not as seamless as Amazon.

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<v Speaker 1>They got to work on that. So that's my note

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<v Speaker 1>to them.

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