WEBVTT - Ross Stores Skyrockets, Nvidia Rallies, Gap Climbs

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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 Carl Masser, a long it, Tim Stanevik. Let's get

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<v Speaker 3>to some stocks on the move on this Friday. Bloomberg

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<v Speaker 3>TV Marcuts correspondent Normal Linda is in the house. Ross

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<v Speaker 3>Stores man it is an outperformer in both the S

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<v Speaker 3>and P five hundred Nasdaq one hundred. I think right

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<v Speaker 3>now it's the number one gainer in both indexes.

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<v Speaker 4>Yes, it is a number one gainer certainly in the

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<v Speaker 4>S and P five hundred right now, up for a

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<v Speaker 4>record high. We see shares up as much as eight

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<v Speaker 4>point three percent. This is the biggest jump that we've

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<v Speaker 4>seen for the company since April. And it's no surprise

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<v Speaker 4>why they're gaining here. We're seeing a lot of consumers

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<v Speaker 4>going toward a lot of the stores that are marking

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<v Speaker 4>down prices or stores that are just more affordable right now,

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<v Speaker 4>and if you think about Ross is definitely right at

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<v Speaker 4>the center of affordability. And so we are seeing a

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<v Speaker 4>lot of momentum here building into the holiday season. Here,

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<v Speaker 4>we're looking at shares of Ross up about fifteen percent

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<v Speaker 4>though in the year.

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<v Speaker 1>I know you're thinking about Ross, Carrol, I'm thinking about

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<v Speaker 1>in video.

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<v Speaker 3>What are you saying?

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<v Speaker 1>Well, I know Ross is one of your.

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<v Speaker 3>Gaming You're a chip guy, and I'm a retail.

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<v Speaker 1>Kind of girl. You know, perform in the s and

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<v Speaker 1>P five hundred, and it's one of your gamers.

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<v Speaker 3>Today, I'm just saying, what's a video doing?

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<v Speaker 2>Right?

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<v Speaker 1>What is in Vidio doing in video?

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<v Speaker 2>Right now?

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<v Speaker 4>Look looking at shares of video in v DA, of

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<v Speaker 4>course is a stock that cannot literally leave our minds.

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<v Speaker 4>We've seeing it up down, down as much as what

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<v Speaker 4>more than percent.

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<v Speaker 3>Today And I'm having my cup of coffee tomorrow morning

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<v Speaker 3>when I wake up, and I after I've walked the dogs,

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<v Speaker 3>I actually might not be thinking about Invidia.

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<v Speaker 4>Just on a Saturday morning, right clearhead just for that

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<v Speaker 4>video might not be on your mind.

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<v Speaker 3>Just saying for you that, just saying.

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<v Speaker 1>Good job with the value.

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<v Speaker 3>But today exactly, yeah, I have to have you too.

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<v Speaker 4>It's good you have to Well, we are seeing shares

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<v Speaker 4>of a video up just to touch up about four

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<v Speaker 4>tenths of a percent right now. This after we got

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<v Speaker 4>some news of Bloomberg exclusive that US officials are having

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<v Speaker 4>early discussions about whether it's a lot let in video

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<v Speaker 4>sell US h two hundred AI chips to China. I mean,

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<v Speaker 4>noose final decision here has been made. That's what we're

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<v Speaker 4>seeing from the reporting here. But it's possible that the

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<v Speaker 4>idea remains an internal debate and never results in actual

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<v Speaker 4>license approval. So it's going to be something that we

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<v Speaker 4>have to keep our tabs on here. But I mean,

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<v Speaker 4>shares of a video up about thirty five percent this year,

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<v Speaker 4>but clearly really really volatile this year. We're really digesting

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<v Speaker 4>the results we got out of the company.

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<v Speaker 3>I feel like this is the weekend d video, right,

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<v Speaker 3>It's like at rallies and it runs out of steam

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<v Speaker 3>at rallies, it runs out of steam. That has kind

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<v Speaker 3>of been the week. So it kind of explains right

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<v Speaker 3>as we try to figure out this AI trade.

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<v Speaker 1>Still, we got in VideA earnings earlier this week. We

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<v Speaker 1>also got earnings from Gap and shares are moving higher.

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<v Speaker 4>Yeah, we are seeing shares moving higher actually for the

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<v Speaker 4>best day since May that we're seeing for the company here.

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<v Speaker 4>And this is a bit of the company bucking the

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<v Speaker 4>trend that we've been seeing about a lot of consumers

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<v Speaker 4>seeing caution in recent weeks as we think about just

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<v Speaker 4>the broader retail landscape. But we did see some strength

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<v Speaker 4>from GAPS, particularly in terms of its celebrity partnerships that

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<v Speaker 4>really helped to boo this higher. Old Navy, Banana Republic.

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<v Speaker 4>Those both were strong brands for the company's performance. Athlete

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<v Speaker 4>A thought not doing too well, But it does seem

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<v Speaker 4>as though Old Navy and Banana Republic are what is

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<v Speaker 4>pulling the company through.

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<v Speaker 3>Mary ross Gilbert said, Gap is back.

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<v Speaker 4>Gap is back, apparently in a big way.

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<v Speaker 1>She like back to nineties level.

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<v Speaker 3>Tim and I were like, I've been there, you know what.

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<v Speaker 1>As we were having that conversation with her yesterday, which

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<v Speaker 1>if you missed that was Thursday. If you missed it

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<v Speaker 1>on you, No, I wasn't going to say that.

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<v Speaker 2>I was going to say, you can.

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<v Speaker 1>Check it out on our podcast feed. People have stuff

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<v Speaker 1>to do, Carol today I did. I did think. You

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<v Speaker 1>know what we do buy a lot of old Navy

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<v Speaker 1>actually yea for the kids. Yeah, it's the price is right,

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<v Speaker 1>and these kids grow so quickly. Yeah, you know, they

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<v Speaker 1>also the sweatshirts disappear. What do you mean they just

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<v Speaker 1>they leave them at school. They're gone forever, like they do.

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<v Speaker 1>Where is that it doesn't matter if you put your

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<v Speaker 1>name on it.

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<v Speaker 4>All right? Of course, this is a company that we've

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<v Speaker 4>really been watching because it was halfway. Really, I mean,

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<v Speaker 4>I've been watching you today.

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<v Speaker 3>It was gonna be a trillion dollar market.

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<v Speaker 4>I came from the equity scheme, so I've been hearing

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<v Speaker 4>some whispers that they were watching it already. So maybe

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<v Speaker 4>I had a head start. You didn't have a head start.

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<v Speaker 2>I was shocked.

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<v Speaker 4>Yeah, they've been watching it all week long, just waiting

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<v Speaker 4>to see when it would cross that one trillion dollar mark.

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<v Speaker 4>But to your point more broadly, I don't think that

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<v Speaker 4>the average person was really watching this stock in that way.

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<v Speaker 4>But we really are seeing this hitting the highest level

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<v Speaker 4>on record, surpassing that one trillion dollar mark, the first

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<v Speaker 4>healthcare company to do so, and of course one a

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<v Speaker 4>very few outside of the tech space to really do so.

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<v Speaker 4>And this is after, you know, of course, the weight

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<v Speaker 4>loss pill. We've been seeing a lot of optimism there.

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<v Speaker 4>They're expecting it to reach ninety five billion dollars by

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<v Speaker 4>twenty thirty here, and of course we are also seeing

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<v Speaker 4>that plan with Novo Nordis to sell obesity drugs directly

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<v Speaker 4>to employers. So I mean this stock is really doing

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<v Speaker 4>some interesting stuff in a meaningful way, up as much

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<v Speaker 4>as about what two point two percent.

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<v Speaker 3>That's what sent it over up almost thirty eight percent

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<v Speaker 3>year to date so far.

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