WEBVTT - Tesla, Nvidia, Shoe Carnival

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, the.

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<v Speaker 2>Stock Movers podcast. This is your roundup of companies making

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<v Speaker 2>news on Wall Street and beyond. Harnessing the power of

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<v Speaker 2>Bloomberg Data, let's take.

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<v Speaker 3>A look at some stocks on the move today. We're

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<v Speaker 3>joined by Bloomberg's Valerie Titel. Valerie. Tesla's moving lower. What's

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<v Speaker 3>going on?

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<v Speaker 1>Yeah, Tesla down one point three percent. It's leading losses

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<v Speaker 1>across the mag seven this morning in pre market trade

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<v Speaker 1>after it's recalled all of the cyber trucks it produced

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<v Speaker 1>and sold in the first fifteen months it was on

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<v Speaker 1>the market in the US over a safety issue it's

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<v Speaker 1>having trouble resolving. Nathan. There's some pieces of steel trim

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<v Speaker 1>along the exterior of the cyber truck that can come loose.

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<v Speaker 1>And note this is not the first time that Tesla

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<v Speaker 1>has recalled the cyber truck. It's now the sixth time

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<v Speaker 1>it's issued a recall within the year of launching this

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<v Speaker 1>truck in November twenty twenty three, and one of those

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<v Speaker 1>earlier safety campaigns was also about a piece of trim

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<v Speaker 1>loose coming loose on the exterior of the truck bed.

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<v Speaker 1>So Tesla is to the downside, down one point three percent.

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<v Speaker 3>And this morning we've got word of a major investment

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<v Speaker 3>that could be coming from Nvidia. How's that stock going.

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<v Speaker 1>Yeah, exactly. This isn't really boosting the stock this morning.

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<v Speaker 1>Navidia is trading down half of one percent. The FT

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<v Speaker 1>reported that it's been planning to invest hundreds of billions

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<v Speaker 1>of dollars in US made chips and electronics. The FT

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<v Speaker 1>reports the company will spend around half a trillion dollars

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<v Speaker 1>in the US over the next four years. The CEO

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<v Speaker 1>is saying Navidia can manufacture its latest systems in the

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<v Speaker 1>US through suppliers like TSMC and fox Con. But that

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<v Speaker 1>news not having much much boost to the stock. This morning,

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<v Speaker 1>Navidia down a half of one percent.

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<v Speaker 3>Now, we've got some stocks moving on earnings this morning

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<v Speaker 3>as well. Valerie tell us about Shoe Carnival that one's

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<v Speaker 3>taking a beating right now.

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<v Speaker 1>Yeah, beating for Shoe Carnival, down twelve and a half percent.

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<v Speaker 1>Nathan on disappointing sales guidance. Their fourth quarter net sales

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<v Speaker 1>also missed estimates, but the guidance for the full year

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<v Speaker 1>sales came way below Wall Street estimates. They now expect

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<v Speaker 1>to sales to see a decline for this fiscal year

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<v Speaker 1>and guided for earnings that were also below estimates. It's

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<v Speaker 1>been weighing on the shares this morning. Shoe Carnival down

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<v Speaker 1>twelve and a half percent.

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<v Speaker 3>Speaking of below five below, much different.

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<v Speaker 1>Story, a different story here for five below, another retailer

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<v Speaker 1>reporting this morning. Those shares are up eleven point six percent.

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<v Speaker 1>They had a beat on their fourth quarter results and

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<v Speaker 1>they also issued an upbeat outlook for the year. Those

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<v Speaker 1>shares are climbing up eleven point six percent, but some

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<v Speaker 1>analysts are out already saying they're cautious about this move,

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<v Speaker 1>saying that the long term impact of tariffs could weigh

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<v Speaker 1>on the business. Morgan Stanley and Barclays both cut their

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<v Speaker 1>targets after these earnings from five below. But it's still

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<v Speaker 1>on the rise of eleven point six percent.

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<v Speaker 3>And we've got more earnings later today. What stuck should

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<v Speaker 3>we be watching there?

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<v Speaker 1>Yeah, that's right, a slew of earnings. The big ones

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<v Speaker 1>come after the bell, Nathan. We've got FedEx, which is

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<v Speaker 1>known as quite a bellweather for the US economy. Reporting

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<v Speaker 1>also at Nike. You know, how has the new CEO

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<v Speaker 1>done with their turnaround plan, and then another tech name.

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<v Speaker 1>We get Micron, the chip fabricator as well. All three

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<v Speaker 1>of those reporting after.

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<v Speaker 2>The bell the Stock Movers podcast from Bloomberg Radio. Check

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