1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:17,880 Speaker 2: Let's take a look at some of the stocks that 5 00:00:17,960 --> 00:00:21,479 Speaker 2: are on the move today on Paul Sweeney alongside Scarlett Foo. 6 00:00:21,640 --> 00:00:23,440 Speaker 1: You're joined by bloombergs Normal, Linda Nor. 7 00:00:23,440 --> 00:00:24,720 Speaker 2: What are you looking at, well, a little bit of 8 00:00:24,720 --> 00:00:26,880 Speaker 2: action happening under the hood. I'm looking at shares of 9 00:00:26,960 --> 00:00:29,159 Speaker 2: Gap of really thinking about the consumer and a lot 10 00:00:29,200 --> 00:00:31,720 Speaker 2: of those retail earnings we've been seeing here. This company 11 00:00:31,760 --> 00:00:35,199 Speaker 2: reported strong sales that beat expectations here, and of course, 12 00:00:35,240 --> 00:00:37,199 Speaker 2: as we really think about this bifurcation that we've really 13 00:00:37,280 --> 00:00:39,880 Speaker 2: been seeing in the market more broadly, for the retailers, 14 00:00:40,000 --> 00:00:42,639 Speaker 2: you're seeing a lot of the discount retailers that are 15 00:00:42,680 --> 00:00:45,120 Speaker 2: marking down prices doing very well, and then a lot 16 00:00:45,120 --> 00:00:48,600 Speaker 2: of the other companies struggling to find a pathway forward 17 00:00:48,600 --> 00:00:50,760 Speaker 2: a strategy here if you think about target and the likes. 18 00:00:51,159 --> 00:00:52,880 Speaker 2: But we are seeing that Gap is one of those 19 00:00:52,920 --> 00:00:55,480 Speaker 2: bucking the trend and doing quite well up for its 20 00:00:55,480 --> 00:00:58,680 Speaker 2: best days since May. I haven't been to a GAP. 21 00:01:00,000 --> 00:01:02,120 Speaker 1: Can't even remember when well. 22 00:01:01,920 --> 00:01:03,560 Speaker 2: There used to be one across the street from US, 23 00:01:03,560 --> 00:01:05,560 Speaker 2: but it shut down during the pandemic and it's been 24 00:01:05,600 --> 00:01:06,199 Speaker 2: empty since. 25 00:01:06,280 --> 00:01:07,720 Speaker 1: Yeah, we need to fix that problem. 26 00:01:07,760 --> 00:01:11,880 Speaker 2: What about Old maybe Banana Republic, No, Paul's not a 27 00:01:11,920 --> 00:01:13,640 Speaker 2: fan of it. Of those brands, well, those are the 28 00:01:13,680 --> 00:01:17,080 Speaker 2: brands that we're doing well this quarter. Athleta not so much. Sorry, 29 00:01:17,120 --> 00:01:18,080 Speaker 2: Athleta not so much? 30 00:01:18,080 --> 00:01:18,399 Speaker 1: Correct? 31 00:01:18,440 --> 00:01:21,080 Speaker 2: Correct? Yeah, So, I mean I haven't been to a 32 00:01:21,160 --> 00:01:23,880 Speaker 2: number of those names in quite a while, but I 33 00:01:23,880 --> 00:01:25,480 Speaker 2: guess some people are out there doing it. 34 00:01:25,600 --> 00:01:27,280 Speaker 1: Let's stay in the retail theme because you're also looking 35 00:01:27,280 --> 00:01:28,000 Speaker 1: at Ross stores. 36 00:01:28,120 --> 00:01:30,199 Speaker 2: Yes, Ross stores, and as I was mentioning the whole 37 00:01:30,240 --> 00:01:34,120 Speaker 2: theme of discounted prices here, that's what a lot of 38 00:01:34,160 --> 00:01:36,480 Speaker 2: consumers are looking for in this environment. So we have 39 00:01:36,560 --> 00:01:39,360 Speaker 2: shares up as much as six point six percent. We're 40 00:01:39,400 --> 00:01:42,760 Speaker 2: a record high shares of Rossess. Take our Rost on 41 00:01:43,080 --> 00:01:45,160 Speaker 2: a tear here, and this is really after its third 42 00:01:45,200 --> 00:01:48,520 Speaker 2: quarter results exceeded expectations, just once again driven by the 43 00:01:48,560 --> 00:01:51,160 Speaker 2: idea that people are looking for prices that work within 44 00:01:51,200 --> 00:01:53,000 Speaker 2: their budget right now. And of course, if we think 45 00:01:53,000 --> 00:01:55,440 Speaker 2: about Ross, they tend to be on the cheaper end here. 46 00:01:55,480 --> 00:01:56,960 Speaker 2: So you are seeing some strength here. 47 00:01:57,720 --> 00:02:00,680 Speaker 1: All right, let's beat a dead horse and VIDI, let's 48 00:02:00,720 --> 00:02:01,400 Speaker 1: hit it well. 49 00:02:01,400 --> 00:02:04,040 Speaker 2: And Nvidia has definitely been in focus a lot of 50 00:02:04,080 --> 00:02:05,840 Speaker 2: this week. I mean, of course, if we're looking at 51 00:02:05,880 --> 00:02:09,200 Speaker 2: shares right now, that's really been in focus here. But 52 00:02:09,639 --> 00:02:12,519 Speaker 2: I'm also looking at Eli Lilly, which is of course 53 00:02:12,600 --> 00:02:14,280 Speaker 2: tick our li. If we wanted to look at what's 54 00:02:14,320 --> 00:02:16,520 Speaker 2: going on in the healthcare space. We did see Eli 55 00:02:16,560 --> 00:02:19,440 Speaker 2: Lilly topping that one trillion dollar mark here. When we 56 00:02:19,480 --> 00:02:22,640 Speaker 2: think about marketcap, this is huge, especially because we haven't 57 00:02:22,639 --> 00:02:24,480 Speaker 2: seen too many names do this, especially as you think 58 00:02:24,480 --> 00:02:26,760 Speaker 2: about outside of tech. But it'd be really important to 59 00:02:26,760 --> 00:02:29,200 Speaker 2: look at that closing level here for Eli Lilly and 60 00:02:29,240 --> 00:02:31,840 Speaker 2: seeing where it actually lands at the end of the day. 61 00:02:33,200 --> 00:02:37,240 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 62 00:02:37,320 --> 00:02:39,880 Speaker 1: us throughout the day for the latest roundup of companies 63 00:02:39,960 --> 00:02:43,080 Speaker 1: making news on Wall Street and for the latest market 64 00:02:43,080 --> 00:02:47,560 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 65 00:02:47,639 --> 00:02:51,160 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 66 00:02:51,200 --> 00:02:52,720 Speaker 1: the Bloomberg Business app.