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 data.
Speaker 2: Let's take a look at.
Speaker 1: Some of the stocks on the move today and we
Speaker 1: can do that. We're joined by Bloomberg's avalon at Pernell Adline.
Speaker 1: What are you looking at? Yeah, I would start off
Speaker 1: with stub Hub. That's ticker stub It's tumbling about twelve percent,
Speaker 1: actually touched a record low earlier today as well after
Speaker 1: to ticket resellers twenty twenty six forecast and also fourth
Speaker 1: quarter results fell short of expectations. And I'll say that
Speaker 1: it was pretty difficult to make comparisons given there wasn't
Speaker 1: a Taylor Swift tour to boost sales this year. And
Speaker 1: it's also important to note that the company is facing
Speaker 1: regulatory risk kind of all around, as New York and
Speaker 1: California lawmakers are considering placing at cap on resell prices,
Speaker 1: and across the pond, the UK has decided to pass
Speaker 1: laws to ban the selling of tickets above face value.
Speaker 1: What about stub hum that's a similar kind of company.
Speaker 2: Oh, well, with.
Speaker 1: Stup hub as well, they also got like two downgrades.
Speaker 1: But yeah, yeah, all right, have been Victoria's secret. Yeah,
Speaker 1: Victoria's secret. That's ticker vs COO. It fell about twelve percent.
Speaker 1: That's the most since April after despite the fact that
Speaker 1: it had earnings that topped, guidance that topped, basically ignoring that,
Speaker 1: there's just the free cash flow projection that fell short,
Speaker 1: and analysts are saying across the board that despite the
Speaker 1: fact that it was good, it just wasn't good enough.
Speaker 1: Gogogenheim said, there was a pretty large run up in
Speaker 1: expectations ahead of the report, and that could explain the
Speaker 1: market pressure that it's facing. I do want to point out, though,
Speaker 1: that management did mention that they are expecting some shipment
Speaker 1: delays given the conflict in Iran. Yesterday we heard some
Speaker 1: similar commentary from Abercrombie, So that's definitely a potential risk
Speaker 1: that we should keep an eye on for consumer stocks. Yep,
Speaker 1: Broadcom one more Yeah, Broadcom ticker AVGO. That's up about
Speaker 1: four percent today. Still, the shares remained down about twenty
Speaker 1: percent from its December record high, as investors continue to
Speaker 1: remain skeptic of the sustainability of the capital being thrown
Speaker 1: towards AI stocks. But that being said, they did report
Speaker 1: a first quarter results that beat expectations basically across the board,
Speaker 1: and everyone is very happy about the CEO saying that
Speaker 1: he expects AI chip sales to top one hundred billion dollars.
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