Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I am Nathan Hager. We're joined this morning by Bloomberg's
Speaker 3: Valerie Tytel.
Speaker 4: Got to talk about Tesla.
Speaker 3: As we wait to see what comes next in the
Speaker 3: Trump Musk saga.
Speaker 1: Good morning, val Hey, good morning Nathan. Happy payroll Friday
Speaker 1: to you yesterday. Start with a check on on Tesla.
Speaker 1: A lot of attention on this stock after it slid
Speaker 1: fourteen percent yesterday. It's biggest market cap loss on record.
Speaker 1: That's ticker TSLA. We're up four and a quarter percent
Speaker 1: so far in pre market trade. Those shares are trading higher.
Speaker 1: There was a Political Politico report that the White House
Speaker 1: aids have scheduled a call with Musk. That seems to
Speaker 1: be helping sentiment this morning. That's Tesla rebounding from yesterday's slide,
Speaker 1: up some four percent.
Speaker 3: Okay, now the biggest decliner in the pre market this morning. Lululemon,
Speaker 3: big disappointment when it comes to the earnings.
Speaker 5: Big disappointment.
Speaker 1: Another disappointing quarter for the athleisure where retailer Lululemon ticker
Speaker 1: lu LU down twenty one percent pre market.
Speaker 5: They cut their full year profit outlook.
Speaker 1: Lou Lemon is blaming rising competition and tariffs, and it
Speaker 1: said it plans to raise some prices to offset the
Speaker 1: impact of these new levies. Lou Lemon does have production hubs,
Speaker 1: some major ones in China and Vietnam, both countries.
Speaker 5: That face elevated tariff rates.
Speaker 1: Sales growth for the retailer is expected to slow for
Speaker 1: a fifth consecutive year in twenty twenty five as competition
Speaker 1: heats up, and an analyst from Jeffries And notes that
Speaker 1: the management continues to prioritize new products and China expansion
Speaker 1: over addressing the pullback from core customers and evident traffic
Speaker 1: declines in its home market. So another disappointing quarter for Lululemon.
Speaker 1: Those shares trade down nearly twenty one percent.
Speaker 3: Of course, the other big earning story post market yesterday
Speaker 3: was Broadcom.
Speaker 4: Some disappointment there as well.
Speaker 1: Disappointment for Broadcom their revenue forecast underwhelm.
Speaker 5: That's the ticker AVGO.
Speaker 1: Those shares are down just a little over two and
Speaker 1: a half percent pre market. This is the main chip
Speaker 1: supplier for Apple and Alphabet. They reported earnings. Despite the
Speaker 1: company's numbers generally topping estimates, it seems like investor expectations
Speaker 1: for its revenue growth were very aggressive and it did
Speaker 1: not I guess meet that expectation, and shares traded lower.
Speaker 1: The stock really, though, has outperformed since the last earning season,
Speaker 1: maybe a reason why expectations were so high. The stock
Speaker 1: has risen thirty percent in the last three months since
Speaker 1: the previous earnings, but it's trading down so far.
Speaker 5: This morning. It's Broadcom in the red, down two and
Speaker 5: a half percent.
Speaker 3: And turning to the biggest stock in the green. This morning,
Speaker 3: I had a hover over at CrCL.
Speaker 4: To find out the name. Here, sir, Internet Grip.
Speaker 1: It's a new stock in iPods yesterday. Maybe I haven't
Speaker 1: heard it, but this is the stablecoin issuer Circle ticker
Speaker 1: crcls climbing thirteen percent pre market after rocketing higher Thursday
Speaker 1: following its stock market debut.
Speaker 5: That slsare shares surge.
Speaker 1: One hundred and sixty eight percent on its first day
Speaker 1: of trading. Circle issues the world's second largest stable cooin.
Speaker 1: Nathan it's called usd Coin or USDC, which has a
Speaker 1: market cap of around sixty billion, less than half of
Speaker 1: the market cap of the largest stable cooin out there,
Speaker 1: which is Tether, of around one hundred and fifty billion.
Speaker 1: There seems to still be a lot of positivity about
Speaker 1: this new stock, so Circle is trading up higher again,
Speaker 1: up twelve percent in pre market trade.
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