Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the.
Speaker 2: Stock Movers podcast. This is your roundup of companies making
Speaker 2: news on Wall Street and beyond. Harnessing the power of
Speaker 2: Bloomberg Data, let's take.
Speaker 3: A look at some stocks on the move today. We're
Speaker 3: joined by Bloomberg's Valerie Titel. Valerie. Tesla's moving lower. What's
Speaker 3: going on?
Speaker 1: Yeah, Tesla down one point three percent. It's leading losses
Speaker 1: across the mag seven this morning in pre market trade
Speaker 1: after it's recalled all of the cyber trucks it produced
Speaker 1: and sold in the first fifteen months it was on
Speaker 1: the market in the US over a safety issue it's
Speaker 1: having trouble resolving. Nathan. There's some pieces of steel trim
Speaker 1: along the exterior of the cyber truck that can come loose.
Speaker 1: And note this is not the first time that Tesla
Speaker 1: has recalled the cyber truck. It's now the sixth time
Speaker 1: it's issued a recall within the year of launching this
Speaker 1: truck in November twenty twenty three, and one of those
Speaker 1: earlier safety campaigns was also about a piece of trim
Speaker 1: loose coming loose on the exterior of the truck bed.
Speaker 1: So Tesla is to the downside, down one point three percent.
Speaker 3: And this morning we've got word of a major investment
Speaker 3: that could be coming from Nvidia. How's that stock going.
Speaker 1: Yeah, exactly. This isn't really boosting the stock this morning.
Speaker 1: Navidia is trading down half of one percent. The FT
Speaker 1: reported that it's been planning to invest hundreds of billions
Speaker 1: of dollars in US made chips and electronics. The FT
Speaker 1: reports the company will spend around half a trillion dollars
Speaker 1: in the US over the next four years. The CEO
Speaker 1: is saying Navidia can manufacture its latest systems in the
Speaker 1: US through suppliers like TSMC and fox Con. But that
Speaker 1: news not having much much boost to the stock. This morning,
Speaker 1: Navidia down a half of one percent.
Speaker 3: Now, we've got some stocks moving on earnings this morning
Speaker 3: as well. Valerie tell us about Shoe Carnival that one's
Speaker 3: taking a beating right now.
Speaker 1: Yeah, beating for Shoe Carnival, down twelve and a half percent.
Speaker 1: Nathan on disappointing sales guidance. Their fourth quarter net sales
Speaker 1: also missed estimates, but the guidance for the full year
Speaker 1: sales came way below Wall Street estimates. They now expect
Speaker 1: to sales to see a decline for this fiscal year
Speaker 1: and guided for earnings that were also below estimates. It's
Speaker 1: been weighing on the shares this morning. Shoe Carnival down
Speaker 1: twelve and a half percent.
Speaker 3: Speaking of below five below, much different.
Speaker 1: Story, a different story here for five below, another retailer
Speaker 1: reporting this morning. Those shares are up eleven point six percent.
Speaker 1: They had a beat on their fourth quarter results and
Speaker 1: they also issued an upbeat outlook for the year. Those
Speaker 1: shares are climbing up eleven point six percent, but some
Speaker 1: analysts are out already saying they're cautious about this move,
Speaker 1: saying that the long term impact of tariffs could weigh
Speaker 1: on the business. Morgan Stanley and Barclays both cut their
Speaker 1: targets after these earnings from five below. But it's still
Speaker 1: on the rise of eleven point six percent.
Speaker 3: And we've got more earnings later today. What stuck should
Speaker 3: we be watching there?
Speaker 1: Yeah, that's right, a slew of earnings. The big ones
Speaker 1: come after the bell, Nathan. We've got FedEx, which is
Speaker 1: known as quite a bellweather for the US economy. Reporting
Speaker 1: also at Nike. You know, how has the new CEO
Speaker 1: done with their turnaround plan, and then another tech name.
Speaker 1: We get Micron, the chip fabricator as well. All three
Speaker 1: of those reporting after.
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