Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, 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.
Speaker 3: I'm Scarlet Food with Normal Linda and we're joined out
Speaker 3: by Bloomberg News Managing editor for the Bloomberg Markets Live blog,
Speaker 3: Christine Aquino. And the big daddy of AI is.
Speaker 1: In video, that's right, Scar and it's making quite the
Speaker 1: comeback this morning or this afternoon, because this morning it
Speaker 1: was definitely down. So Nvidia ticker NVGA, those shares are
Speaker 1: now up more than two percent. And you know, we
Speaker 1: know that in Vidia when when it's the tie that
Speaker 1: basically lifts or sinks all boats, and is currently lifting
Speaker 1: all the boats. Because along with Nvidia's rebound, of course
Speaker 1: we see the SP five hundred also up. Is the
Speaker 1: biggest contributor to the S and P five hundred's rally
Speaker 1: at the moment and makes a lot of sense given
Speaker 1: just the size of the stock. Now, everyone of course
Speaker 1: is going to be looking forward to the earnings next
Speaker 1: week that is going to be after the bell on Wednesday,
Speaker 1: and of course the big focus there is again whether
Speaker 1: they're going to be able to deliver beats for both
Speaker 1: their third quarter fiscal results as well as their fourth
Speaker 1: quarter guidance. A lot of focus going to be on
Speaker 1: demand for the GB three hundred tip a chip, as
Speaker 1: well as how much they're spending in capex, particularly with hyperscalars.
Speaker 1: I mean, we saw that rising twenty seven billion dollars
Speaker 1: in the second half and ninety billion for twenty twenty
Speaker 1: six in terms of protections, and so yeah, a lot
Speaker 1: of focus on how much more funds they're going to
Speaker 1: be deploying to really develop AI capabilities.
Speaker 4: Yeah, I mean, I was just looking at a story
Speaker 4: earlier on the Bloomberg terminal that was talking about just
Speaker 4: the volatility being priced in right now in the options
Speaker 4: market heading into Nvidia earnings. As you mentioned, just the behemoth.
Speaker 4: It is the super Bowl for market. So it's definitely
Speaker 4: interesting to see how the effects of the Nvidia earnings
Speaker 4: will definitely play out and ricochet into other sectors.
Speaker 3: You know that it's part of the culture and part
Speaker 3: of the zeitgeist when people are holding watch parties for
Speaker 3: in video earnings, which was happening a few years ago,
Speaker 3: When you know in Vidia's results shattered all expectations of
Speaker 3: you know, what it can do, and people were saying,
Speaker 3: oh my gosh, like this is the new gold Rush,
Speaker 3: and you know, people organizing parties, cheering when the numbers.
Speaker 1: We don't have any happening next week.
Speaker 2: I don't know if anyone let us know.
Speaker 3: Yeah, we'd love to send people over and report live
Speaker 3: from it. Well, what else are you watching?
Speaker 1: Also looking at Walmart today, right, So that's been in
Speaker 1: the news because of the CEO change. So Walmart ticker
Speaker 1: w MT, those shares stuff just a little bit today,
Speaker 1: so to down two tenths of one percent of pairing
Speaker 1: some of its earlier declines and probably just investors trying
Speaker 1: to make sense of what the CEO handoff means. Right.
Speaker 1: So Doug McMillan is going to be retiring in February.
Speaker 1: He's going to be replaced by John Ferner. They are
Speaker 1: very much cut from the same cloth. Though both of
Speaker 1: them have been long standing Walmart employees, they both started
Speaker 1: as hourly employees, they're both lifers. McMillan has been credited
Speaker 1: as somebody who really transformed Walmart as a digital powerhouse,
Speaker 1: particularly when it comes to e commerce businesses. And so
Speaker 1: you know, I think the question really for investors is
Speaker 1: is Ferner going to be able to build on that
Speaker 1: success and maybe even extend it evolve it, right? And
Speaker 1: you know, given that they have consistent performance, they have
Speaker 1: gained in market share and are maintaining that for the
Speaker 1: most part, it's really just a question of what Ferner
Speaker 1: can do to build on that.
Speaker 4: Yeah, I mean, I'm looking at what analysts are saying
Speaker 4: on Wall Street for Walmart. We have forty six bys,
Speaker 4: so about ninety five percent of the street says by
Speaker 4: the stock and only one staying hold in one saying Cell.
Speaker 4: So it seems as though there is some optimism here
Speaker 4: on this company. Lastly, are what else you looking at?
Speaker 1: Looking at Nike Nora today? So Nike shares ticker NKE,
Speaker 1: So those hairs extending the clients, they're down more than
Speaker 1: three percent now, so they're to headline for a number
Speaker 1: of reasons today. It is because they are apparently ending
Speaker 1: an initiative that gave employees an extra week off each
Speaker 1: year to promote mental health and wellness. So is there
Speaker 1: annual Wellness Week which started in twenty twenty one has
Speaker 1: been held each year since for in August but now
Speaker 1: no more, no more weeks off for wellness, which I
Speaker 1: have to say is quite generous, right, A whole week
Speaker 1: off for wellness sounds amazing.
Speaker 3: Wait, so wellness is back? I mean people are not
Speaker 3: having mental health issues anymore.
Speaker 1: I don't know, maybe maybe they're like, we don't get
Speaker 1: this anymore. But apart from that, I mean, Nike has
Speaker 1: had a mixed week as well. Right, so it got
Speaker 1: upgraded at Wells Fargo to overweight from equal weight, but
Speaker 1: then thirteen ha F finalis also show that some companies
Speaker 1: cutting their positions on the stock set for its biggest
Speaker 1: rally since late July. But similar to your downtrend.
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