Speaker 1: Bloomberg Audio Studios, Podcasts, radio news, the Stock Movers podcast.
Speaker 1: This is your roundup of companies making news on Wall
Speaker 1: Street and beyond, harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look now at some of the stocks
Speaker 2: on the move today. We're joined now by Bloomberg's and
Speaker 2: Taignotia Bloomberg Equities Report. All right, Ittalia, what are you watching?
Speaker 3: So let's start with Nvidia. CEO spoke with FT He
Speaker 3: said that the company will spend hundreds of billions of
Speaker 3: dollars on new chips other electronics. The key takeaway is
Speaker 3: that the company is trying to move forward and make
Speaker 3: sure that supply chains are stable and the company will
Speaker 3: be able to produce more chips in the United States.
Speaker 3: What is interesting is the stock is relatively flat and
Speaker 3: it's getting more and more complicated for Nvidia to impress
Speaker 3: investors and analysts. We saw huge outflows out of the
Speaker 3: stock across institutional investors. But I have to say that
Speaker 3: one group of investors keeps buying and Nvidia no matter what.
Speaker 3: Retail traders every time they buy the deep two stocks
Speaker 3: not a huge surprise Nvidia and Tesla.
Speaker 4: We hear that from Eric Balchunis. When he comes in
Speaker 4: and talk to us about the ETF business. They their
Speaker 4: ETF flows continue to be positive even when the market
Speaker 4: was down ten percent this year. ETF flows are positive.
Speaker 4: Small or individual retail investors are buying.
Speaker 3: Exactly, but potentially. One of the reasons why we don't
Speaker 3: see such a big impact from retail investors on a
Speaker 3: Nvidia stock is because their exposure to US stocks is
Speaker 3: already at almost record high. What else you're looking at, Yes,
Speaker 3: so one company from the retail sector, it's called five below.
Speaker 3: The stock is up by seven percent today. This is
Speaker 3: a so called specialty value retailers.
Speaker 4: Yet Dollar General but similar I guess exactly.
Speaker 3: So they sell small things like phone cases, headphones, pet products.
Speaker 2: It's a really good place to go and you're buying
Speaker 2: cheap stuff, but you want look a little nicer than
Speaker 2: Dollar General for your daughter's birthday.
Speaker 4: Oh that's how it figures.
Speaker 3: In Okay, at least, Yes, So this is why it's interesting.
Speaker 3: We saw that results came above expectations, but again it's
Speaker 3: getting more difficult for companies, especially retailers, to impress analysts.
Speaker 3: We saw two downgrades from Barclays and Morgan Stanley and
Speaker 3: analysts are saying that huge headwinds we could see from tariffs,
Speaker 3: and again it's guidance sales is not enough to yes.
Speaker 4: I mean we're seeing that. I'm hearing that more and more,
Speaker 4: I guess I should say. As it relates to the retailers,
Speaker 4: analysts downgrading the stocks because they say, you know, I
Speaker 4: don't know what's going to happen on tears, but I
Speaker 4: know a lot of these retailers get a lot of
Speaker 4: other stuff from China, and I just know we we
Speaker 4: kind of have a sense of where the existing tariffs
Speaker 4: aren't China, and if anything there might even go higher,
Speaker 4: I'm out.
Speaker 2: Of here, right, I mean. And even the companies that
Speaker 2: tend to be loved by folks that like retail stocks
Speaker 2: like Costco, are also a question there too, like in
Speaker 2: a slowing economy that's going to get hit no matter what,
Speaker 2: not even layering in any exposure to China, which they
Speaker 2: might have very little, but nonetheless that puts perspective for
Speaker 2: five belout what else.
Speaker 3: Caravana The stock is up today by eight percent. That
Speaker 3: came after Piper Sandler analyst upgraded the stock to overweight
Speaker 3: from neutral. And this is why I think it's interesting.
Speaker 3: Analysts said that basically used car companies that sell used
Speaker 3: cars are kind of protected from tariffs because demand is local.
Speaker 3: Everything is already here, and so analysts in at the
Speaker 3: same time downgraded Stelants Revian. So we see this big
Speaker 3: spike in Caravana and you might be surprised, but on
Speaker 3: a twelve month basis, the stock is up by almost
Speaker 3: one hundred twenty percent.
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