WEBVTT - Stubhub Slumps, Victoria's Secret Drops, Broadcom Rises on Projected AI Chip Sales

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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 data.

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<v Speaker 2>Let's take a look at.

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<v Speaker 1>Some of the stocks on the move today and we

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<v Speaker 1>can do that. We're joined by Bloomberg's avalon at Pernell Adline.

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<v Speaker 1>What are you looking at? Yeah, I would start off

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<v Speaker 1>with stub Hub. That's ticker stub It's tumbling about twelve percent,

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<v Speaker 1>actually touched a record low earlier today as well after

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<v Speaker 1>to ticket resellers twenty twenty six forecast and also fourth

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<v Speaker 1>quarter results fell short of expectations. And I'll say that

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<v Speaker 1>it was pretty difficult to make comparisons given there wasn't

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<v Speaker 1>a Taylor Swift tour to boost sales this year. And

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<v Speaker 1>it's also important to note that the company is facing

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<v Speaker 1>regulatory risk kind of all around, as New York and

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<v Speaker 1>California lawmakers are considering placing at cap on resell prices,

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<v Speaker 1>and across the pond, the UK has decided to pass

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<v Speaker 1>laws to ban the selling of tickets above face value.

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<v Speaker 1>What about stub hum that's a similar kind of company.

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<v Speaker 2>Oh, well, with.

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<v Speaker 1>Stup hub as well, they also got like two downgrades.

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<v Speaker 1>But yeah, yeah, all right, have been Victoria's secret. Yeah,

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<v Speaker 1>Victoria's secret. That's ticker vs COO. It fell about twelve percent.

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<v Speaker 1>That's the most since April after despite the fact that

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<v Speaker 1>it had earnings that topped, guidance that topped, basically ignoring that,

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<v Speaker 1>there's just the free cash flow projection that fell short,

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<v Speaker 1>and analysts are saying across the board that despite the

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<v Speaker 1>fact that it was good, it just wasn't good enough.

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<v Speaker 1>Gogogenheim said, there was a pretty large run up in

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<v Speaker 1>expectations ahead of the report, and that could explain the

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<v Speaker 1>market pressure that it's facing. I do want to point out, though,

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<v Speaker 1>that management did mention that they are expecting some shipment

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<v Speaker 1>delays given the conflict in Iran. Yesterday we heard some

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<v Speaker 1>similar commentary from Abercrombie, So that's definitely a potential risk

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<v Speaker 1>that we should keep an eye on for consumer stocks. Yep,

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<v Speaker 1>Broadcom one more Yeah, Broadcom ticker AVGO. That's up about

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<v Speaker 1>four percent today. Still, the shares remained down about twenty

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<v Speaker 1>percent from its December record high, as investors continue to

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<v Speaker 1>remain skeptic of the sustainability of the capital being thrown

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<v Speaker 1>towards AI stocks. But that being said, they did report

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<v Speaker 1>a first quarter results that beat expectations basically across the board,

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<v Speaker 1>and everyone is very happy about the CEO saying that

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<v Speaker 1>he expects AI chip sales to top one hundred billion dollars.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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