WEBVTT - Tesla Early Rebound; Lulu Sinks on Guidance; Broadcom Pullback

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

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I am Nathan Hager. We're joined this morning by Bloomberg's

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<v Speaker 3>Valerie Tytel.

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<v Speaker 4>Got to talk about Tesla.

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<v Speaker 3>As we wait to see what comes next in the

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<v Speaker 3>Trump Musk saga.

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<v Speaker 1>Good morning, val Hey, good morning Nathan. Happy payroll Friday

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<v Speaker 1>to you yesterday. Start with a check on on Tesla.

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<v Speaker 1>A lot of attention on this stock after it slid

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<v Speaker 1>fourteen percent yesterday. It's biggest market cap loss on record.

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<v Speaker 1>That's ticker TSLA. We're up four and a quarter percent

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<v Speaker 1>so far in pre market trade. Those shares are trading higher.

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<v Speaker 1>There was a Political Politico report that the White House

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<v Speaker 1>aids have scheduled a call with Musk. That seems to

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<v Speaker 1>be helping sentiment this morning. That's Tesla rebounding from yesterday's slide,

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<v Speaker 1>up some four percent.

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<v Speaker 3>Okay, now the biggest decliner in the pre market this morning. Lululemon,

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<v Speaker 3>big disappointment when it comes to the earnings.

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<v Speaker 5>Big disappointment.

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<v Speaker 1>Another disappointing quarter for the athleisure where retailer Lululemon ticker

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<v Speaker 1>lu LU down twenty one percent pre market.

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<v Speaker 5>They cut their full year profit outlook.

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<v Speaker 1>Lou Lemon is blaming rising competition and tariffs, and it

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<v Speaker 1>said it plans to raise some prices to offset the

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<v Speaker 1>impact of these new levies. Lou Lemon does have production hubs,

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<v Speaker 1>some major ones in China and Vietnam, both countries.

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<v Speaker 5>That face elevated tariff rates.

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<v Speaker 1>Sales growth for the retailer is expected to slow for

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<v Speaker 1>a fifth consecutive year in twenty twenty five as competition

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<v Speaker 1>heats up, and an analyst from Jeffries And notes that

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<v Speaker 1>the management continues to prioritize new products and China expansion

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<v Speaker 1>over addressing the pullback from core customers and evident traffic

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<v Speaker 1>declines in its home market. So another disappointing quarter for Lululemon.

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<v Speaker 1>Those shares trade down nearly twenty one percent.

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<v Speaker 3>Of course, the other big earning story post market yesterday

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<v Speaker 3>was Broadcom.

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<v Speaker 4>Some disappointment there as well.

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<v Speaker 1>Disappointment for Broadcom their revenue forecast underwhelm.

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<v Speaker 5>That's the ticker AVGO.

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<v Speaker 1>Those shares are down just a little over two and

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<v Speaker 1>a half percent pre market. This is the main chip

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<v Speaker 1>supplier for Apple and Alphabet. They reported earnings. Despite the

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<v Speaker 1>company's numbers generally topping estimates, it seems like investor expectations

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<v Speaker 1>for its revenue growth were very aggressive and it did

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<v Speaker 1>not I guess meet that expectation, and shares traded lower.

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<v Speaker 1>The stock really, though, has outperformed since the last earning season,

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<v Speaker 1>maybe a reason why expectations were so high. The stock

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<v Speaker 1>has risen thirty percent in the last three months since

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<v Speaker 1>the previous earnings, but it's trading down so far.

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<v Speaker 5>This morning. It's Broadcom in the red, down two and

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<v Speaker 5>a half percent.

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<v Speaker 3>And turning to the biggest stock in the green. This morning,

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<v Speaker 3>I had a hover over at CrCL.

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<v Speaker 4>To find out the name. Here, sir, Internet Grip.

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<v Speaker 1>It's a new stock in iPods yesterday. Maybe I haven't

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<v Speaker 1>heard it, but this is the stablecoin issuer Circle ticker

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<v Speaker 1>crcls climbing thirteen percent pre market after rocketing higher Thursday

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<v Speaker 1>following its stock market debut.

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<v Speaker 5>That slsare shares surge.

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<v Speaker 1>One hundred and sixty eight percent on its first day

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<v Speaker 1>of trading. Circle issues the world's second largest stable cooin.

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<v Speaker 1>Nathan it's called usd Coin or USDC, which has a

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<v Speaker 1>market cap of around sixty billion, less than half of

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<v Speaker 1>the market cap of the largest stable cooin out there,

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<v Speaker 1>which is Tether, of around one hundred and fifty billion.

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<v Speaker 1>There seems to still be a lot of positivity about

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<v Speaker 1>this new stock, so Circle is trading up higher again,

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<v Speaker 1>up twelve percent in pre market trade.

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