WEBVTT - Nvidia, Five Below, Carvana

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news, the Stock Movers podcast.

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<v Speaker 1>This is your roundup of companies making news on Wall

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<v Speaker 1>Street and beyond, harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look now at some of the stocks

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<v Speaker 2>on the move today. We're joined now by Bloomberg's and

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<v Speaker 2>Taignotia Bloomberg Equities Report. All right, Ittalia, what are you watching?

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<v Speaker 3>So let's start with Nvidia. CEO spoke with FT He

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<v Speaker 3>said that the company will spend hundreds of billions of

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<v Speaker 3>dollars on new chips other electronics. The key takeaway is

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<v Speaker 3>that the company is trying to move forward and make

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<v Speaker 3>sure that supply chains are stable and the company will

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<v Speaker 3>be able to produce more chips in the United States.

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<v Speaker 3>What is interesting is the stock is relatively flat and

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<v Speaker 3>it's getting more and more complicated for Nvidia to impress

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<v Speaker 3>investors and analysts. We saw huge outflows out of the

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<v Speaker 3>stock across institutional investors. But I have to say that

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<v Speaker 3>one group of investors keeps buying and Nvidia no matter what.

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<v Speaker 3>Retail traders every time they buy the deep two stocks

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<v Speaker 3>not a huge surprise Nvidia and Tesla.

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<v Speaker 4>We hear that from Eric Balchunis. When he comes in

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<v Speaker 4>and talk to us about the ETF business. They their

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<v Speaker 4>ETF flows continue to be positive even when the market

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<v Speaker 4>was down ten percent this year. ETF flows are positive.

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<v Speaker 4>Small or individual retail investors are buying.

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<v Speaker 3>Exactly, but potentially. One of the reasons why we don't

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<v Speaker 3>see such a big impact from retail investors on a

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<v Speaker 3>Nvidia stock is because their exposure to US stocks is

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<v Speaker 3>already at almost record high. What else you're looking at, Yes,

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<v Speaker 3>so one company from the retail sector, it's called five below.

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<v Speaker 3>The stock is up by seven percent today. This is

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<v Speaker 3>a so called specialty value retailers.

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<v Speaker 4>Yet Dollar General but similar I guess exactly.

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<v Speaker 3>So they sell small things like phone cases, headphones, pet products.

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<v Speaker 2>It's a really good place to go and you're buying

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<v Speaker 2>cheap stuff, but you want look a little nicer than

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<v Speaker 2>Dollar General for your daughter's birthday.

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<v Speaker 4>Oh that's how it figures.

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<v Speaker 3>In Okay, at least, Yes, So this is why it's interesting.

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<v Speaker 3>We saw that results came above expectations, but again it's

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<v Speaker 3>getting more difficult for companies, especially retailers, to impress analysts.

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<v Speaker 3>We saw two downgrades from Barclays and Morgan Stanley and

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<v Speaker 3>analysts are saying that huge headwinds we could see from tariffs,

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<v Speaker 3>and again it's guidance sales is not enough to yes.

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<v Speaker 4>I mean we're seeing that. I'm hearing that more and more,

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<v Speaker 4>I guess I should say. As it relates to the retailers,

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<v Speaker 4>analysts downgrading the stocks because they say, you know, I

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<v Speaker 4>don't know what's going to happen on tears, but I

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<v Speaker 4>know a lot of these retailers get a lot of

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<v Speaker 4>other stuff from China, and I just know we we

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<v Speaker 4>kind of have a sense of where the existing tariffs

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<v Speaker 4>aren't China, and if anything there might even go higher,

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<v Speaker 4>I'm out.

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<v Speaker 2>Of here, right, I mean. And even the companies that

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<v Speaker 2>tend to be loved by folks that like retail stocks

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<v Speaker 2>like Costco, are also a question there too, like in

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<v Speaker 2>a slowing economy that's going to get hit no matter what,

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<v Speaker 2>not even layering in any exposure to China, which they

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<v Speaker 2>might have very little, but nonetheless that puts perspective for

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<v Speaker 2>five belout what else.

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<v Speaker 3>Caravana The stock is up today by eight percent. That

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<v Speaker 3>came after Piper Sandler analyst upgraded the stock to overweight

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<v Speaker 3>from neutral. And this is why I think it's interesting.

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<v Speaker 3>Analysts said that basically used car companies that sell used

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<v Speaker 3>cars are kind of protected from tariffs because demand is local.

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<v Speaker 3>Everything is already here, and so analysts in at the

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<v Speaker 3>same time downgraded Stelants Revian. So we see this big

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<v Speaker 3>spike in Caravana and you might be surprised, but on

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<v Speaker 3>a twelve month basis, the stock is up by almost

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<v Speaker 3>one hundred twenty percent.

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<v Speaker 1>The Stock Movers podcast from Bloomberg Radio. Check back with

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