1 00:00:02,520 --> 00:00:08,640 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 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,280 --> 00:00:17,360 Speaker 3: All right, let's take a look at some of the 5 00:00:17,360 --> 00:00:18,239 Speaker 3: stocks on the move today. 6 00:00:18,239 --> 00:00:20,680 Speaker 4: If Wall swinging alongside Scarlett Foo, and we're joined by 7 00:00:20,720 --> 00:00:22,640 Speaker 4: Bloomber's Red Brown Red, what are you looking at here? 8 00:00:22,840 --> 00:00:25,560 Speaker 1: Yeah, first one on my list is Lulue Lemon. It's 9 00:00:25,560 --> 00:00:27,920 Speaker 1: officially the worst performing stock in the SEB five hundred 10 00:00:27,920 --> 00:00:30,720 Speaker 1: index this year, so that's why we're talking about it. 11 00:00:30,720 --> 00:00:31,960 Speaker 3: It's down fifty five. 12 00:00:31,880 --> 00:00:37,000 Speaker 1: Percent this year, another fifteen percent today, So yeah, companies 13 00:00:37,040 --> 00:00:39,120 Speaker 1: really kind of going through it this year. They cut 14 00:00:39,120 --> 00:00:42,000 Speaker 1: their full year earnings and sales outlook for the year, 15 00:00:43,040 --> 00:00:45,920 Speaker 1: and then they're dealing with just a number of structural obstacles. 16 00:00:45,920 --> 00:00:49,400 Speaker 1: Tariffs are hitting this company especially hard. They called out 17 00:00:49,400 --> 00:00:52,360 Speaker 1: the end of the Dominimus exemption actually, which is on 18 00:00:52,479 --> 00:00:54,640 Speaker 1: orders below eight hundred dollars. We'll add another two hundred 19 00:00:54,680 --> 00:00:57,680 Speaker 1: and forty dollars hit to the company's bottom line this year. 20 00:00:58,000 --> 00:01:01,280 Speaker 3: Having execution issues as well. I mean, I've got through countless. 21 00:01:00,840 --> 00:01:03,200 Speaker 1: Earnings reports and I've rarely heard a CEO is used 22 00:01:03,360 --> 00:01:05,520 Speaker 1: strong of the language as they did in this one, 23 00:01:05,680 --> 00:01:08,800 Speaker 1: saying that he's disappointed with their execution. So some changes 24 00:01:08,800 --> 00:01:10,880 Speaker 1: really need to come for Lululemon for them to kind 25 00:01:10,880 --> 00:01:14,479 Speaker 1: of return. The imports are hitting them quite hard, so yeah, 26 00:01:14,480 --> 00:01:17,000 Speaker 1: but really strong reaction and analts are kind of turning 27 00:01:17,040 --> 00:01:19,320 Speaker 1: on the stock as well. Now there's been a slew 28 00:01:19,360 --> 00:01:21,560 Speaker 1: of downgrades this morning, so they're not really seeing a 29 00:01:21,560 --> 00:01:23,360 Speaker 1: catalyst for them to Product selection is. 30 00:01:23,319 --> 00:01:25,920 Speaker 4: A problem too, because as we keep getting reminded, only 31 00:01:25,959 --> 00:01:29,080 Speaker 4: boomers were leggings. Everyone else is wearing wide legged pants 32 00:01:29,280 --> 00:01:30,640 Speaker 4: and that's not what Lululemon does. 33 00:01:30,720 --> 00:01:31,640 Speaker 3: Yeah, I know that's an issue too. 34 00:01:31,680 --> 00:01:33,280 Speaker 1: It's like they don't have this like new and fresh 35 00:01:33,319 --> 00:01:35,640 Speaker 1: selection for people to kind of get them back in stores. 36 00:01:35,680 --> 00:01:37,440 Speaker 1: So yeah, definitely big issue for them as well. 37 00:01:38,600 --> 00:01:41,080 Speaker 3: Scarlett. I have two pairs and they make them really well. 38 00:01:41,080 --> 00:01:42,360 Speaker 4: I paid a lot of money for it, and so 39 00:01:42,400 --> 00:01:44,440 Speaker 4: they haven't worn out, like they're great, they're in great shape. 40 00:01:44,680 --> 00:01:49,120 Speaker 3: Okay, so maybe there's some optimism. So you're also looking 41 00:01:49,120 --> 00:01:50,160 Speaker 3: at the chip sector. 42 00:01:50,040 --> 00:01:53,080 Speaker 1: Yes, Broadcom, So quite opposite of a situation for for 43 00:01:53,160 --> 00:01:57,480 Speaker 1: Lulu Lemon today is Broadcom tickers AVGO. They were up 44 00:01:57,520 --> 00:01:59,720 Speaker 1: as much as sixteen percent now trading around like ten 45 00:02:00,000 --> 00:02:02,320 Speaker 1: eleven percent at the moment. They had a really busy 46 00:02:02,360 --> 00:02:05,800 Speaker 1: news day last night. So first they had the earnings report, 47 00:02:05,800 --> 00:02:07,680 Speaker 1: where we're kind of the results were a little tepid, 48 00:02:07,720 --> 00:02:09,840 Speaker 1: but they gave quite a strong forecast as well, so 49 00:02:09,880 --> 00:02:13,400 Speaker 1: there is kind of a decent outlook for the demand earnings. 50 00:02:13,440 --> 00:02:16,960 Speaker 1: Called CEO is pretty bullish about twenty twenty six as well. 51 00:02:17,160 --> 00:02:18,520 Speaker 1: And then there was a big news that dropped that 52 00:02:18,720 --> 00:02:21,880 Speaker 1: they will be working with open Ai to help them 53 00:02:21,880 --> 00:02:24,840 Speaker 1: develop some chips to compete within VideA and so we 54 00:02:24,919 --> 00:02:27,399 Speaker 1: didn't get any financial details out of that, but obviously, 55 00:02:27,600 --> 00:02:30,239 Speaker 1: you know, kind of deepening their their relationship with open Ai, 56 00:02:30,360 --> 00:02:32,880 Speaker 1: the biggest AI company can't be a bad thing. And 57 00:02:33,120 --> 00:02:34,600 Speaker 1: kind of for what it's worth in video is trading 58 00:02:34,639 --> 00:02:37,800 Speaker 1: down a little bit this morning. So yeah, so some 59 00:02:37,800 --> 00:02:41,280 Speaker 1: some interesting things working out in the AI world at 60 00:02:41,280 --> 00:02:42,480 Speaker 1: the at the moment. 61 00:02:42,400 --> 00:02:45,519 Speaker 3: Broad fifty two week high today. Aby g O is 62 00:02:45,560 --> 00:02:48,040 Speaker 3: a symbol. I have no idea why eight that's the symbol. 63 00:02:48,240 --> 00:02:51,320 Speaker 3: It used to be a vago, right is that right? Yeah? Okay, 64 00:02:51,400 --> 00:02:53,880 Speaker 3: and then hot Tan changed it to Broadcom. 65 00:02:54,000 --> 00:02:54,960 Speaker 1: Gotcha, thank you very much. 66 00:02:55,000 --> 00:02:55,639 Speaker 3: All right, very good. 67 00:02:55,960 --> 00:02:58,519 Speaker 1: Anything else there, Yeah, I'm looking at some of the 68 00:02:58,760 --> 00:03:02,800 Speaker 1: home builders. So Lennard was trading up around four percent. 69 00:03:03,680 --> 00:03:07,640 Speaker 1: Dr Horton Pool Corp. As well, So all these companies 70 00:03:07,680 --> 00:03:10,400 Speaker 1: that are kind of exposed to the home market are 71 00:03:10,400 --> 00:03:12,920 Speaker 1: trading higher. After we got the jobs report, excuse me, 72 00:03:12,960 --> 00:03:16,799 Speaker 1: the payroll data this morning. So obviously the feeling that 73 00:03:16,919 --> 00:03:20,239 Speaker 1: that rate cuts are a matter of when, not if, 74 00:03:20,960 --> 00:03:23,560 Speaker 1: And yeah, you know, the sector has struggled this year. 75 00:03:23,720 --> 00:03:25,720 Speaker 1: Lenard has been kind of trading down for large parts 76 00:03:25,720 --> 00:03:27,359 Speaker 1: of the year, but it's really turned a corner in 77 00:03:27,360 --> 00:03:30,000 Speaker 1: the last month or so as this conversation on ray 78 00:03:30,040 --> 00:03:33,000 Speaker 1: cuts is really kind of gathered pace. So yeah, we'll see, 79 00:03:33,200 --> 00:03:35,520 Speaker 1: we'll see how that goes for the sector in the 80 00:03:35,520 --> 00:03:35,960 Speaker 1: next month. 81 00:03:35,960 --> 00:03:41,160 Speaker 2: There this stock Movers report from Bloomberg Radio. 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