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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg data.

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Speaker 1: Let's take a look at some of the stocks that

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Speaker 1: are on the move today. We're joined by Bloomberg Isabel Lee.

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Speaker 3: We're looking at Chewi, which was ten seconds ago edging

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Speaker 3: higher and now again it's in the redge.

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Speaker 1: But just slightly.

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Speaker 3: So I think investors are just really digesting the earnings.

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Speaker 3: But I don't understand because the company issued guidance for

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Speaker 3: the first quarter that came in a head of consensus forecasts,

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Speaker 3: and they reported fourth quarter net sales that beat estimates.

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Speaker 3: I mean, analysts even highlighted the growth in their active customers.

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Speaker 3: RBC Capital said it will give investors some confidence.

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Speaker 1: So this is really confusing to me.

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Speaker 3: But the report is overall good, and I mean this

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Speaker 3: is all to the pet lovers out there.

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Speaker 1: All to the pet lovers out there. What else you're

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Speaker 1: looking at.

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Speaker 3: GameStop, So this is interesting because shares are jumping around

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Speaker 3: fifteen percent today. And remember the struggling video game retailer

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Speaker 3: that became a retail favorite. Well now it's probably going

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Speaker 3: to be even more of a favorite because they're going

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Speaker 3: to add bitcoin as a treasury reserve asset. So it

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Speaker 3: really joins a growing list of public companies experimenting by

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Speaker 3: using corporate cash and borrowing money to buy bitcoin. And

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Speaker 3: of course the pioneer in this space is none other

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Speaker 3: than Michael st Michael Sailor's strategy. So it has acquired

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Speaker 3: more than forty billion in bitcoin and last month, actually

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Speaker 3: Game Stop c O Ryan Cohen already teased this because

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Speaker 3: he posted a picture of himself and Michael Sailor on

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Speaker 3: x so.

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Speaker 1: One hundred percent. This is no longer a game company

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Speaker 1: a gaming company. Maybe it's going to be a bitcoin company.

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Speaker 1: But it's amazing. It really is a growing list.

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Speaker 3: Bloomberg had a great story, i think two weeks ago

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Speaker 3: about how these smaller companies are launching this.

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Speaker 1: I'm going to become a bitcoin company. I think it's

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Speaker 1: it's just me. Yeah, it'll be it'll be something. What

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Speaker 1: else are you looking at?

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Speaker 3: Trade esk so it was also edging a higher earlier,

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Speaker 3: but now it's in the red. Stfari upgraded the company

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Speaker 3: to buy from so the stock has fallen fifty five

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Speaker 3: percent off its December peak. But we have analysts Angelo

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Speaker 3: Zino saying that the valuation is extremely exciting after this drop.

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Speaker 3: He also said that growth rates and margin remain healthy.

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Speaker 3: So Tradis became big news in February because it sank

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Speaker 3: around thirty two percent in one day after the company

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Speaker 3: gave a forecast in the first quarter that was weaker

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Speaker 3: than expected.

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Speaker 1: That was the biggest one day drop. But maybe you know.

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Speaker 3: There's always a rainbow after the storm, and when you

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Speaker 3: have a pullback, some analysts see it as a buying opportunity.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

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