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 Carl Masser, a long it, Tim Stanevik. Let's get
Speaker 3: to some stocks on the move on this Friday. Bloomberg
Speaker 3: TV Marcuts correspondent Normal Linda is in the house. Ross
Speaker 3: Stores man it is an outperformer in both the S
Speaker 3: and P five hundred Nasdaq one hundred. I think right
Speaker 3: now it's the number one gainer in both indexes.
Speaker 4: Yes, it is a number one gainer certainly in the
Speaker 4: S and P five hundred right now, up for a
Speaker 4: record high. We see shares up as much as eight
Speaker 4: point three percent. This is the biggest jump that we've
Speaker 4: seen for the company since April. And it's no surprise
Speaker 4: why they're gaining here. We're seeing a lot of consumers
Speaker 4: going toward a lot of the stores that are marking
Speaker 4: down prices or stores that are just more affordable right now,
Speaker 4: and if you think about Ross is definitely right at
Speaker 4: the center of affordability. And so we are seeing a
Speaker 4: lot of momentum here building into the holiday season. Here,
Speaker 4: we're looking at shares of Ross up about fifteen percent
Speaker 4: though in the year.
Speaker 1: I know you're thinking about Ross, Carrol, I'm thinking about
Speaker 1: in video.
Speaker 3: What are you saying?
Speaker 1: Well, I know Ross is one of your.
Speaker 3: Gaming You're a chip guy, and I'm a retail.
Speaker 1: Kind of girl. You know, perform in the s and
Speaker 1: P five hundred, and it's one of your gamers.
Speaker 3: Today, I'm just saying, what's a video doing?
Speaker 2: Right?
Speaker 1: What is in Vidio doing in video?
Speaker 2: Right now?
Speaker 4: Look looking at shares of video in v DA, of
Speaker 4: course is a stock that cannot literally leave our minds.
Speaker 4: We've seeing it up down, down as much as what
Speaker 4: more than percent.
Speaker 3: Today And I'm having my cup of coffee tomorrow morning
Speaker 3: when I wake up, and I after I've walked the dogs,
Speaker 3: I actually might not be thinking about Invidia.
Speaker 4: Just on a Saturday morning, right clearhead just for that
Speaker 4: video might not be on your mind.
Speaker 3: Just saying for you that, just saying.
Speaker 1: Good job with the value.
Speaker 3: But today exactly, yeah, I have to have you too.
Speaker 4: It's good you have to Well, we are seeing shares
Speaker 4: of a video up just to touch up about four
Speaker 4: tenths of a percent right now. This after we got
Speaker 4: some news of Bloomberg exclusive that US officials are having
Speaker 4: early discussions about whether it's a lot let in video
Speaker 4: sell US h two hundred AI chips to China. I mean,
Speaker 4: noose final decision here has been made. That's what we're
Speaker 4: seeing from the reporting here. But it's possible that the
Speaker 4: idea remains an internal debate and never results in actual
Speaker 4: license approval. So it's going to be something that we
Speaker 4: have to keep our tabs on here. But I mean,
Speaker 4: shares of a video up about thirty five percent this year,
Speaker 4: but clearly really really volatile this year. We're really digesting
Speaker 4: the results we got out of the company.
Speaker 3: I feel like this is the weekend d video, right,
Speaker 3: It's like at rallies and it runs out of steam
Speaker 3: at rallies, it runs out of steam. That has kind
Speaker 3: of been the week. So it kind of explains right
Speaker 3: as we try to figure out this AI trade.
Speaker 1: Still, we got in VideA earnings earlier this week. We
Speaker 1: also got earnings from Gap and shares are moving higher.
Speaker 4: Yeah, we are seeing shares moving higher actually for the
Speaker 4: best day since May that we're seeing for the company here.
Speaker 4: And this is a bit of the company bucking the
Speaker 4: trend that we've been seeing about a lot of consumers
Speaker 4: seeing caution in recent weeks as we think about just
Speaker 4: the broader retail landscape. But we did see some strength
Speaker 4: from GAPS, particularly in terms of its celebrity partnerships that
Speaker 4: really helped to boo this higher. Old Navy, Banana Republic.
Speaker 4: Those both were strong brands for the company's performance. Athlete
Speaker 4: A thought not doing too well, But it does seem
Speaker 4: as though Old Navy and Banana Republic are what is
Speaker 4: pulling the company through.
Speaker 3: Mary ross Gilbert said, Gap is back.
Speaker 4: Gap is back, apparently in a big way.
Speaker 1: She like back to nineties level.
Speaker 3: Tim and I were like, I've been there, you know what.
Speaker 1: As we were having that conversation with her yesterday, which
Speaker 1: if you missed that was Thursday. If you missed it
Speaker 1: on you, No, I wasn't going to say that.
Speaker 2: I was going to say, you can.
Speaker 1: Check it out on our podcast feed. People have stuff
Speaker 1: to do, Carol today I did. I did think. You
Speaker 1: know what we do buy a lot of old Navy
Speaker 1: actually yea for the kids. Yeah, it's the price is right,
Speaker 1: and these kids grow so quickly. Yeah, you know, they
Speaker 1: also the sweatshirts disappear. What do you mean they just
Speaker 1: they leave them at school. They're gone forever, like they do.
Speaker 1: Where is that it doesn't matter if you put your
Speaker 1: name on it.
Speaker 4: All right? Of course, this is a company that we've
Speaker 4: really been watching because it was halfway. Really, I mean,
Speaker 4: I've been watching you today.
Speaker 3: It was gonna be a trillion dollar market.
Speaker 4: I came from the equity scheme, so I've been hearing
Speaker 4: some whispers that they were watching it already. So maybe
Speaker 4: I had a head start. You didn't have a head start.
Speaker 2: I was shocked.
Speaker 4: Yeah, they've been watching it all week long, just waiting
Speaker 4: to see when it would cross that one trillion dollar mark.
Speaker 4: But to your point more broadly, I don't think that
Speaker 4: the average person was really watching this stock in that way.
Speaker 4: But we really are seeing this hitting the highest level
Speaker 4: on record, surpassing that one trillion dollar mark, the first
Speaker 4: healthcare company to do so, and of course one a
Speaker 4: very few outside of the tech space to really do so.
Speaker 4: And this is after, you know, of course, the weight
Speaker 4: loss pill. We've been seeing a lot of optimism there.
Speaker 4: They're expecting it to reach ninety five billion dollars by
Speaker 4: twenty thirty here, and of course we are also seeing
Speaker 4: that plan with Novo Nordis to sell obesity drugs directly
Speaker 4: to employers. So I mean this stock is really doing
Speaker 4: some interesting stuff in a meaningful way, up as much
Speaker 4: as about what two point two percent.
Speaker 3: That's what sent it over up almost thirty eight percent
Speaker 3: year to date so far.
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