Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: All right, let's take a look at some of the
Speaker 3: stocks on the move today.
Speaker 4: If Wall swinging alongside Scarlett Foo, and we're joined by
Speaker 4: Bloomber's Red Brown Red, what are you looking at here?
Speaker 1: Yeah, first one on my list is Lulue Lemon. It's
Speaker 1: officially the worst performing stock in the SEB five hundred
Speaker 1: index this year, so that's why we're talking about it.
Speaker 3: It's down fifty five.
Speaker 1: Percent this year, another fifteen percent today, So yeah, companies
Speaker 1: really kind of going through it this year. They cut
Speaker 1: their full year earnings and sales outlook for the year,
Speaker 1: and then they're dealing with just a number of structural obstacles.
Speaker 1: Tariffs are hitting this company especially hard. They called out
Speaker 1: the end of the Dominimus exemption actually, which is on
Speaker 1: orders below eight hundred dollars. We'll add another two hundred
Speaker 1: and forty dollars hit to the company's bottom line this year.
Speaker 3: Having execution issues as well. I mean, I've got through countless.
Speaker 1: Earnings reports and I've rarely heard a CEO is used
Speaker 1: strong of the language as they did in this one,
Speaker 1: saying that he's disappointed with their execution. So some changes
Speaker 1: really need to come for Lululemon for them to kind
Speaker 1: of return. The imports are hitting them quite hard, so yeah,
Speaker 1: but really strong reaction and analts are kind of turning
Speaker 1: on the stock as well. Now there's been a slew
Speaker 1: of downgrades this morning, so they're not really seeing a
Speaker 1: catalyst for them to Product selection is.
Speaker 4: A problem too, because as we keep getting reminded, only
Speaker 4: boomers were leggings. Everyone else is wearing wide legged pants
Speaker 4: and that's not what Lululemon does.
Speaker 3: Yeah, I know that's an issue too.
Speaker 1: It's like they don't have this like new and fresh
Speaker 1: selection for people to kind of get them back in stores.
Speaker 1: So yeah, definitely big issue for them as well.
Speaker 3: Scarlett. I have two pairs and they make them really well.
Speaker 4: I paid a lot of money for it, and so
Speaker 4: they haven't worn out, like they're great, they're in great shape.
Speaker 3: Okay, so maybe there's some optimism. So you're also looking
Speaker 3: at the chip sector.
Speaker 1: Yes, Broadcom, So quite opposite of a situation for for
Speaker 1: Lulu Lemon today is Broadcom tickers AVGO. They were up
Speaker 1: as much as sixteen percent now trading around like ten
Speaker 1: eleven percent at the moment. They had a really busy
Speaker 1: news day last night. So first they had the earnings report,
Speaker 1: where we're kind of the results were a little tepid,
Speaker 1: but they gave quite a strong forecast as well, so
Speaker 1: there is kind of a decent outlook for the demand earnings.
Speaker 1: Called CEO is pretty bullish about twenty twenty six as well.
Speaker 1: And then there was a big news that dropped that
Speaker 1: they will be working with open Ai to help them
Speaker 1: develop some chips to compete within VideA and so we
Speaker 1: didn't get any financial details out of that, but obviously,
Speaker 1: you know, kind of deepening their their relationship with open Ai,
Speaker 1: the biggest AI company can't be a bad thing. And
Speaker 1: kind of for what it's worth in video is trading
Speaker 1: down a little bit this morning. So yeah, so some
Speaker 1: some interesting things working out in the AI world at
Speaker 1: the at the moment.
Speaker 3: Broad fifty two week high today. Aby g O is
Speaker 3: a symbol. I have no idea why eight that's the symbol.
Speaker 3: It used to be a vago, right is that right? Yeah? Okay,
Speaker 3: and then hot Tan changed it to Broadcom.
Speaker 1: Gotcha, thank you very much.
Speaker 3: All right, very good.
Speaker 1: Anything else there, Yeah, I'm looking at some of the
Speaker 1: home builders. So Lennard was trading up around four percent.
Speaker 1: Dr Horton Pool Corp. As well, So all these companies
Speaker 1: that are kind of exposed to the home market are
Speaker 1: trading higher. After we got the jobs report, excuse me,
Speaker 1: the payroll data this morning. So obviously the feeling that
Speaker 1: that rate cuts are a matter of when, not if,
Speaker 1: And yeah, you know, the sector has struggled this year.
Speaker 1: Lenard has been kind of trading down for large parts
Speaker 1: of the year, but it's really turned a corner in
Speaker 1: the last month or so as this conversation on ray
Speaker 1: cuts is really kind of gathered pace. So yeah, we'll see,
Speaker 1: we'll see how that goes for the sector in the
Speaker 1: next month.
Speaker 2: There this stock Movers report from Bloomberg Radio. Check back
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