Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Messer along with Tim Stenvick. Let's get to
Speaker 3: some stocks on the move. Bloomberg TV Markets correspondent Normal
Speaker 3: Linda is in the house, and yeah, you're starting with Nvideo,
Speaker 3: which I feel like we have talked about a lot,
Speaker 3: and rightfully so probably today.
Speaker 4: The star of the show today, and it feels like
Speaker 4: every day. But I mean, we were really seeing a
Speaker 4: lot of people digesting the earning's coming out of in
Speaker 4: Video that's ticker in VDA, And of course we did
Speaker 4: see at first we saw market rally, then we saw
Speaker 4: all of that fad as we really plunged into the
Speaker 4: red there. But of course this concern is still bubbling
Speaker 4: right now as to whether or not we are actually
Speaker 4: in an artificial intelligence spending bubble, and that clearly hammering
Speaker 4: a lot of the tech names, including in Video of
Speaker 4: course leading the charge here.
Speaker 3: Yeah, it's kind of wild because their numbers seemed awfully strong,
Speaker 3: and we certainly saw them rally in the aftermarket, but
Speaker 3: definitely a rethink, and I think as they went through
Speaker 3: some more of the specifics from the company did have
Speaker 3: something to do with like inventories or something.
Speaker 1: Yeah, there were some concerns about to build up in
Speaker 1: inventories and then also the accounts receivable as well.
Speaker 3: Yeah, so it's like, well, wait a minute, there's such
Speaker 3: strong demand, why is that stuff sitting there? So it's
Speaker 3: a good question. Hey, Walmart number one gain in the
Speaker 3: s and P five hundred.
Speaker 4: Yes, today was a great day for Walmart. This ticker WMT,
Speaker 4: the company booted is full year sales and profit outlook.
Speaker 4: We're really talking about a consumer that's stretched right now,
Speaker 4: and they're going toward a lot of the discounted names
Speaker 4: or discount carriers, I should say, so a lot of
Speaker 4: people run to Walmart to get things cheaper as opposed
Speaker 4: to more expensive brands here. So you are seeing shares
Speaker 4: of Walmart ending with their best performance since April. That's
Speaker 4: on a one day, one day scale here.
Speaker 3: And then one more bath and body work brutal day.
Speaker 4: I mean, we saw shares falling for their worst day
Speaker 4: and lowest level since twenty twenty. The stock shed twenty
Speaker 4: five percent in today. Low, but have been a great
Speaker 4: year for the company in general, shares down just about
Speaker 4: sixty percent year to date, but the company slashed its
Speaker 4: full year outlook. It also said that it's exiting the
Speaker 4: men's grooming and hair care space. I didn't even know
Speaker 4: they were involved. They were just those bathtoms. Were you familiar?
Speaker 4: I was not aware we're going there for your hair products?
Speaker 1: Now, yeah, I was not aware.
Speaker 4: Well, I guess you missed that because they're no longer
Speaker 4: going to be doing that.
Speaker 1: I mean, I can use any hair product that I want.
Speaker 1: It doesn't have to be like a designated man's hair product, right.
Speaker 3: Yeah, I got some guys have it so easy.
Speaker 4: You got it such enough, right, keep it interesting. But
Speaker 4: they're also going to be launching their brand page on
Speaker 4: Amazon dot Com to get some more customer traffic.
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