1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:17,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. Let's 4 00:00:17,520 --> 00:00:19,520 Speaker 2: take a look at some stocks on the move today. 5 00:00:19,560 --> 00:00:22,080 Speaker 2: I'm Bailey Lipschutz with Normal Linda and we're joined by 6 00:00:22,079 --> 00:00:27,240 Speaker 2: Bloomberg News Cross Asset reporter Deniza Sikkova. What's top of mind? 7 00:00:27,240 --> 00:00:29,280 Speaker 1: A lot of earnings, a lot going on, A lot 8 00:00:29,280 --> 00:00:31,240 Speaker 1: of red on the screen. Yeah, but we're starting with 9 00:00:31,400 --> 00:00:33,879 Speaker 1: one company that is not going to report earnings for 10 00:00:34,320 --> 00:00:37,959 Speaker 1: TiO November nineteen. Nvidia is Actually it fell as much 11 00:00:37,960 --> 00:00:41,200 Speaker 1: as four point five percent today. If you look over 12 00:00:41,240 --> 00:00:44,440 Speaker 1: the last three days, it's down about nine percent, which 13 00:00:44,479 --> 00:00:48,519 Speaker 1: is the worst stretch since April. So really one of 14 00:00:48,560 --> 00:00:51,520 Speaker 1: the biggest selloffs we're seeing, obviously in the whole AI 15 00:00:51,600 --> 00:00:54,720 Speaker 1: space in tech, like the big moves we're seeing today 16 00:00:54,840 --> 00:00:58,080 Speaker 1: are indeed driven by some of the big winners behind 17 00:00:58,080 --> 00:01:03,360 Speaker 1: the Air Revolution. Of course, we had the story yesterday 18 00:01:03,600 --> 00:01:07,200 Speaker 1: about Jensen Huan warning that China will build the US 19 00:01:07,840 --> 00:01:11,120 Speaker 1: beat the US in the artificial intelligence race, so perhaps 20 00:01:11,160 --> 00:01:13,640 Speaker 1: this is weighing on sentiment. Of course, we have jobs 21 00:01:13,680 --> 00:01:17,080 Speaker 1: date we have macro, We have a lot of things 22 00:01:17,120 --> 00:01:21,399 Speaker 1: combined as more and more people have been worried about valuation, 23 00:01:21,640 --> 00:01:26,080 Speaker 1: and one clear uh loser in that space is currently 24 00:01:26,080 --> 00:01:32,120 Speaker 1: in video. The comments came after, obviously people have been 25 00:01:32,160 --> 00:01:34,200 Speaker 1: worried for a very long time. He said China is 26 00:01:34,240 --> 00:01:36,959 Speaker 1: going to win the AI race. Remarks come after Trump 27 00:01:36,959 --> 00:01:42,039 Speaker 1: administration maintained a ban on Nvidia chips selling more their 28 00:01:42,080 --> 00:01:46,200 Speaker 1: most advanced chips to China. We also saw a report 29 00:01:46,440 --> 00:01:50,960 Speaker 1: about Michael Burry actually placing a short bed there, which 30 00:01:51,280 --> 00:01:54,160 Speaker 1: he has warned about multiple times. Multiple times he has 31 00:01:54,200 --> 00:01:59,000 Speaker 1: been wrong, but clearly this week the combination factors are 32 00:01:59,040 --> 00:02:02,520 Speaker 1: definitely weighing in. Of course, still a very strong year 33 00:02:02,840 --> 00:02:06,720 Speaker 1: for Nvidia, but combining the warnings with the shaw Key 34 00:02:06,800 --> 00:02:10,440 Speaker 1: foundation of the rally we have seen this year, we're 35 00:02:10,520 --> 00:02:14,320 Speaker 1: seeing sentiments starting to weigh away in on Nvidia and 36 00:02:15,080 --> 00:02:17,360 Speaker 1: a lot of those AI winners. It's just just a 37 00:02:17,440 --> 00:02:19,399 Speaker 1: proxy of a sentiment. I would say, yeah. 38 00:02:19,440 --> 00:02:21,520 Speaker 3: I mean, we're looking at a video of course, always 39 00:02:21,639 --> 00:02:23,800 Speaker 3: still in focus, but we're looking at shares of video 40 00:02:23,840 --> 00:02:26,600 Speaker 3: up about forty one percent near today. That's taker in 41 00:02:27,000 --> 00:02:29,800 Speaker 3: v DA. I wish I had a good segue from 42 00:02:29,919 --> 00:02:32,800 Speaker 3: chip makers to the beauty space. But you're also watching 43 00:02:32,840 --> 00:02:34,240 Speaker 3: shares of elf Beauty. 44 00:02:34,840 --> 00:02:37,560 Speaker 1: Yeah, that's I don't know how to connect it as well. 45 00:02:37,680 --> 00:02:40,399 Speaker 1: But the loss there is much bigger. We can say 46 00:02:40,400 --> 00:02:43,000 Speaker 1: that for sure. Shares of elf Beauty fell as much 47 00:02:43,040 --> 00:02:45,680 Speaker 1: as twenty four percent in pre market trading. But last 48 00:02:45,680 --> 00:02:48,120 Speaker 1: time we really talked so much about l Beauty was 49 00:02:48,360 --> 00:02:51,360 Speaker 1: when they signed that deal with Hailey Bieber. There was 50 00:02:51,360 --> 00:02:55,040 Speaker 1: so much enthusiasm the stock sword. There was kind of 51 00:02:55,080 --> 00:02:58,519 Speaker 1: almost like a new era and a lot of optimism. 52 00:02:58,560 --> 00:03:02,959 Speaker 1: Now we're seeing the opposite part of this company for 53 00:03:03,040 --> 00:03:06,120 Speaker 1: wer outlook for just that earnings per share disappointed. Net 54 00:03:06,240 --> 00:03:11,640 Speaker 1: sales as well missed analyst estimates. They're positive about sales growth, 55 00:03:12,480 --> 00:03:15,240 Speaker 1: but there were perhaps a really high bar and high 56 00:03:15,280 --> 00:03:19,639 Speaker 1: expectation about roads, which is Haley Beaver's brand, so there 57 00:03:19,680 --> 00:03:23,559 Speaker 1: is some disappointment there. The company had passed on giving investors' 58 00:03:24,120 --> 00:03:27,120 Speaker 1: outlook in the weast quarter. This time, they gave about 59 00:03:27,160 --> 00:03:30,600 Speaker 1: one point fifty five billion to one point fifty seven 60 00:03:30,639 --> 00:03:35,760 Speaker 1: billion and earnings about two There's an eighty sins per share. 61 00:03:36,760 --> 00:03:39,600 Speaker 1: This we've seen some growth. This is mostly thanks to 62 00:03:39,600 --> 00:03:42,640 Speaker 1: the growth in both retail and e commerce channels. But 63 00:03:42,680 --> 00:03:46,560 Speaker 1: that's it. It's having a really bad year despite a 64 00:03:46,640 --> 00:03:49,680 Speaker 1: deal that brought so much optimism for this company. But 65 00:03:49,800 --> 00:03:52,960 Speaker 1: we can see after earnings it's clearly falling about pretty. 66 00:03:52,680 --> 00:03:55,200 Speaker 3: Fast, really bad the year. Down forty percent this year, 67 00:03:55,200 --> 00:03:58,920 Speaker 3: but even today the worst day since twenty eighteen. You're 68 00:03:58,960 --> 00:04:01,880 Speaker 3: also looking at Robinhood, right, and of course I was 69 00:04:01,880 --> 00:04:04,200 Speaker 3: taker Elf meant to mention that there. 70 00:04:04,040 --> 00:04:07,400 Speaker 1: Yeah, robbin Hood had a wonderful year and it still does. 71 00:04:07,440 --> 00:04:10,320 Speaker 1: It's still have more than two hundred percent, but today 72 00:04:10,400 --> 00:04:14,080 Speaker 1: we're seeing perhaps part of the market sentiment a really 73 00:04:14,120 --> 00:04:16,919 Speaker 1: bad day. Films much is ten percent. The trading platform 74 00:04:16,920 --> 00:04:21,040 Speaker 1: reported cryptocurrency revenue that came below estimates. Robin Hood is 75 00:04:21,080 --> 00:04:23,640 Speaker 1: so much more than what it was in twenty twenty one. 76 00:04:23,720 --> 00:04:26,320 Speaker 1: They do close and funds, they do prediction markets, they 77 00:04:26,320 --> 00:04:29,200 Speaker 1: do crypto, they do all of these. Thanks and retail 78 00:04:29,240 --> 00:04:32,960 Speaker 1: investors and beyond have been rewarding them, and their valuations 79 00:04:32,960 --> 00:04:34,800 Speaker 1: have gone through the roof. Their stock price has been 80 00:04:35,000 --> 00:04:38,280 Speaker 1: going through the roof, and really anyone who invested in 81 00:04:38,320 --> 00:04:40,480 Speaker 1: the company in the last two years have been rewarded 82 00:04:40,800 --> 00:04:44,360 Speaker 1: very well. That said, net income rolls two hundred and 83 00:04:44,400 --> 00:04:49,600 Speaker 1: seventy one percent. This was better than one analyst expected. 84 00:04:49,720 --> 00:04:53,320 Speaker 1: They also top fifty three cents average estimate of analysts. 85 00:04:54,000 --> 00:04:58,000 Speaker 1: Just operating experences came higher than expected. And a big 86 00:04:58,040 --> 00:05:02,479 Speaker 1: news is that their CFO is leaving, so perhaps that's 87 00:05:02,680 --> 00:05:05,400 Speaker 1: also part of the sentiment. That's it. They've been growing 88 00:05:06,279 --> 00:05:08,919 Speaker 1: really fast, so the drop today maybe is not weighing 89 00:05:08,920 --> 00:05:10,840 Speaker 1: on prices that much. Here today, A. 90 00:05:10,800 --> 00:05:13,239 Speaker 2: Lot going on though, Thank you so much, Bloomberg News 91 00:05:13,400 --> 00:05:20,400 Speaker 2: Cross Asset reporter Danitza Sikova the Stock Movers Report from 92 00:05:20,440 --> 00:05:23,520 Speaker 2: Bloomberg Radio. Check back with us throughout the day for 93 00:05:23,600 --> 00:05:26,719 Speaker 2: the latest roundup of companies making news on Wall Street 94 00:05:27,000 --> 00:05:30,520 Speaker 2: and for the latest market moving headlines. 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