WEBVTT - Nvidia Falls, Bath & Body Works Slumps, Walmart Soars

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

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

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

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<v Speaker 3>I'm Carol Messer along with Tim Stenvick. Let's get to

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<v Speaker 3>some stocks on the move. Bloomberg TV Markets correspondent Normal

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<v Speaker 3>Linda is in the house, and yeah, you're starting with Nvideo,

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<v Speaker 3>which I feel like we have talked about a lot,

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<v Speaker 3>and rightfully so probably today.

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<v Speaker 4>The star of the show today, and it feels like

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<v Speaker 4>every day. But I mean, we were really seeing a

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<v Speaker 4>lot of people digesting the earning's coming out of in

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<v Speaker 4>Video that's ticker in VDA, And of course we did

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<v Speaker 4>see at first we saw market rally, then we saw

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<v Speaker 4>all of that fad as we really plunged into the

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<v Speaker 4>red there. But of course this concern is still bubbling

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<v Speaker 4>right now as to whether or not we are actually

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<v Speaker 4>in an artificial intelligence spending bubble, and that clearly hammering

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<v Speaker 4>a lot of the tech names, including in Video of

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<v Speaker 4>course leading the charge here.

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<v Speaker 3>Yeah, it's kind of wild because their numbers seemed awfully strong,

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<v Speaker 3>and we certainly saw them rally in the aftermarket, but

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<v Speaker 3>definitely a rethink, and I think as they went through

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<v Speaker 3>some more of the specifics from the company did have

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<v Speaker 3>something to do with like inventories or something.

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<v Speaker 1>Yeah, there were some concerns about to build up in

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<v Speaker 1>inventories and then also the accounts receivable as well.

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<v Speaker 3>Yeah, so it's like, well, wait a minute, there's such

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<v Speaker 3>strong demand, why is that stuff sitting there? So it's

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<v Speaker 3>a good question. Hey, Walmart number one gain in the

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<v Speaker 3>s and P five hundred.

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<v Speaker 4>Yes, today was a great day for Walmart. This ticker WMT,

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<v Speaker 4>the company booted is full year sales and profit outlook.

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<v Speaker 4>We're really talking about a consumer that's stretched right now,

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<v Speaker 4>and they're going toward a lot of the discounted names

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<v Speaker 4>or discount carriers, I should say, so a lot of

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<v Speaker 4>people run to Walmart to get things cheaper as opposed

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<v Speaker 4>to more expensive brands here. So you are seeing shares

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<v Speaker 4>of Walmart ending with their best performance since April. That's

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<v Speaker 4>on a one day, one day scale here.

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<v Speaker 3>And then one more bath and body work brutal day.

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<v Speaker 4>I mean, we saw shares falling for their worst day

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<v Speaker 4>and lowest level since twenty twenty. The stock shed twenty

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<v Speaker 4>five percent in today. Low, but have been a great

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<v Speaker 4>year for the company in general, shares down just about

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<v Speaker 4>sixty percent year to date, but the company slashed its

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<v Speaker 4>full year outlook. It also said that it's exiting the

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<v Speaker 4>men's grooming and hair care space. I didn't even know

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<v Speaker 4>they were involved. They were just those bathtoms. Were you familiar?

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<v Speaker 4>I was not aware we're going there for your hair products?

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<v Speaker 1>Now, yeah, I was not aware.

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<v Speaker 4>Well, I guess you missed that because they're no longer

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<v Speaker 4>going to be doing that.

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<v Speaker 1>I mean, I can use any hair product that I want.

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<v Speaker 1>It doesn't have to be like a designated man's hair product, right.

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<v Speaker 3>Yeah, I got some guys have it so easy.

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<v Speaker 4>You got it such enough, right, keep it interesting. But

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<v Speaker 4>they're also going to be launching their brand page on

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<v Speaker 4>Amazon dot Com to get some more customer traffic.

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