WEBVTT - Lululemon Tumbles, Broadcom Surges, Lennar on Eco Data

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>All right, let's take a look at some of the

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<v Speaker 3>stocks on the move today.

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<v Speaker 4>If Wall swinging alongside Scarlett Foo, and we're joined by

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<v Speaker 4>Bloomber's Red Brown Red, what are you looking at here?

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<v Speaker 1>Yeah, first one on my list is Lulue Lemon. It's

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<v Speaker 1>officially the worst performing stock in the SEB five hundred

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<v Speaker 1>index this year, so that's why we're talking about it.

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<v Speaker 3>It's down fifty five.

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<v Speaker 1>Percent this year, another fifteen percent today, So yeah, companies

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<v Speaker 1>really kind of going through it this year. They cut

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<v Speaker 1>their full year earnings and sales outlook for the year,

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<v Speaker 1>and then they're dealing with just a number of structural obstacles.

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<v Speaker 1>Tariffs are hitting this company especially hard. They called out

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<v Speaker 1>the end of the Dominimus exemption actually, which is on

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<v Speaker 1>orders below eight hundred dollars. We'll add another two hundred

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<v Speaker 1>and forty dollars hit to the company's bottom line this year.

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<v Speaker 3>Having execution issues as well. I mean, I've got through countless.

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<v Speaker 1>Earnings reports and I've rarely heard a CEO is used

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<v Speaker 1>strong of the language as they did in this one,

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<v Speaker 1>saying that he's disappointed with their execution. So some changes

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<v Speaker 1>really need to come for Lululemon for them to kind

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<v Speaker 1>of return. The imports are hitting them quite hard, so yeah,

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<v Speaker 1>but really strong reaction and analts are kind of turning

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<v Speaker 1>on the stock as well. Now there's been a slew

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<v Speaker 1>of downgrades this morning, so they're not really seeing a

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<v Speaker 1>catalyst for them to Product selection is.

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<v Speaker 4>A problem too, because as we keep getting reminded, only

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<v Speaker 4>boomers were leggings. Everyone else is wearing wide legged pants

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<v Speaker 4>and that's not what Lululemon does.

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<v Speaker 3>Yeah, I know that's an issue too.

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<v Speaker 1>It's like they don't have this like new and fresh

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<v Speaker 1>selection for people to kind of get them back in stores.

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<v Speaker 1>So yeah, definitely big issue for them as well.

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<v Speaker 3>Scarlett. I have two pairs and they make them really well.

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<v Speaker 4>I paid a lot of money for it, and so

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<v Speaker 4>they haven't worn out, like they're great, they're in great shape.

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<v Speaker 3>Okay, so maybe there's some optimism. So you're also looking

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<v Speaker 3>at the chip sector.

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<v Speaker 1>Yes, Broadcom, So quite opposite of a situation for for

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<v Speaker 1>Lulu Lemon today is Broadcom tickers AVGO. They were up

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<v Speaker 1>as much as sixteen percent now trading around like ten

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<v Speaker 1>eleven percent at the moment. They had a really busy

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<v Speaker 1>news day last night. So first they had the earnings report,

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<v Speaker 1>where we're kind of the results were a little tepid,

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<v Speaker 1>but they gave quite a strong forecast as well, so

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<v Speaker 1>there is kind of a decent outlook for the demand earnings.

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<v Speaker 1>Called CEO is pretty bullish about twenty twenty six as well.

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<v Speaker 1>And then there was a big news that dropped that

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<v Speaker 1>they will be working with open Ai to help them

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<v Speaker 1>develop some chips to compete within VideA and so we

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<v Speaker 1>didn't get any financial details out of that, but obviously,

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<v Speaker 1>you know, kind of deepening their their relationship with open Ai,

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<v Speaker 1>the biggest AI company can't be a bad thing. And

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<v Speaker 1>kind of for what it's worth in video is trading

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<v Speaker 1>down a little bit this morning. So yeah, so some

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<v Speaker 1>some interesting things working out in the AI world at

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<v Speaker 1>the at the moment.

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<v Speaker 3>Broad fifty two week high today. Aby g O is

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<v Speaker 3>a symbol. I have no idea why eight that's the symbol.

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<v Speaker 3>It used to be a vago, right is that right? Yeah? Okay,

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<v Speaker 3>and then hot Tan changed it to Broadcom.

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<v Speaker 1>Gotcha, thank you very much.

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<v Speaker 3>All right, very good.

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<v Speaker 1>Anything else there, Yeah, I'm looking at some of the

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<v Speaker 1>home builders. So Lennard was trading up around four percent.

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<v Speaker 1>Dr Horton Pool Corp. As well, So all these companies

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<v Speaker 1>that are kind of exposed to the home market are

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<v Speaker 1>trading higher. After we got the jobs report, excuse me,

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<v Speaker 1>the payroll data this morning. So obviously the feeling that

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<v Speaker 1>that rate cuts are a matter of when, not if,

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<v Speaker 1>And yeah, you know, the sector has struggled this year.

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<v Speaker 1>Lenard has been kind of trading down for large parts

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<v Speaker 1>of the year, but it's really turned a corner in

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<v Speaker 1>the last month or so as this conversation on ray

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<v Speaker 1>cuts is really kind of gathered pace. So yeah, we'll see,

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<v Speaker 1>we'll see how that goes for the sector in the

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<v Speaker 1>next month.

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