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

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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

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

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Speaker 3: I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Matteo.

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Speaker 3: Do you start with the Home Depot or do you

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Speaker 3: go another world of ours?

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Speaker 4: No, we have to start there. Okay, take her HD

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Speaker 4: because their shares have been down nearly three percent. So

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Speaker 4: the main thing they cut their full year earning's guidance.

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Speaker 4: Consumers are just they're just not doing those big ticket

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Speaker 4: home purchases. What they're doing, it said, they're doing the

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Speaker 4: small projects, like they're painting, they're sprucing up their guarden.

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Speaker 4: But they expect their adjusted earnings per share decline five

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Speaker 4: percent from a year ago. So that was lower than

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Speaker 4: its forecast. But it's just this kind of warning about

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Speaker 4: the strength of the consumer. Because we haven't had the

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Speaker 4: ECO data right, it's been on pause, and so we

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Speaker 4: also have target Walmart later in the week, so we'll

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Speaker 4: get another insight into the consumer there. It says a

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Speaker 4: lot about the housing market too, mortgage rates are lower

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Speaker 4: than they were a year ago, but Americans still pulling

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Speaker 4: back on a lot of the purchases because the cost

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Speaker 4: of living home prices are still high too, so affordability

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Speaker 4: issues has been an issue for that right.

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Speaker 3: All right?

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Speaker 4: Yes, Microsoft and Amazon msft AMZ and of course both

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Speaker 4: down more than one and a half percent. These are

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Speaker 4: two of Wall Street's most favorite tech giants. The reason

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Speaker 4: they're lower they were both downgraded by an analyst Rothchild

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Speaker 4: and Company Redburn. Data from Bloomerit actually showed the analyst

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Speaker 4: downgraded the stocks for the first time since started initiating

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Speaker 4: coverage in June of twenty twenty two. So it's been

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Speaker 4: a long time and you've been seeing about this like

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Speaker 4: bowlcase Regenerative AI. They say it's not clear hyperscalers should

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Speaker 4: be approached with caution, and that's what they're saying, and

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Speaker 4: that's why they downgraded the stock.

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Speaker 3: I keep reading. I'm trying to digest the different ais yep,

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Speaker 3: and I'm.

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Speaker 4: Struggling with oh like genitive agentic like.

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Speaker 3: Oh yeah, thank you. I'm glad someone knows the appreciations're

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Speaker 3: you know, we're I mean, here, we are, We're done.

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Speaker 3: Twenty five on the futures and MEGS seven. I mean

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Speaker 3: the SPX four eighty three, yep, really isn't doing well. No, no,

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Speaker 3: So you know there's some real tension here and again

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Speaker 3: to me, it's all lack of data, lack of we're blind, yep.

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Speaker 1: And because Ernis have been solid.

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Speaker 3: Eleven point x percent. Thank you for next.

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Speaker 1: Okay.

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Speaker 4: So Apple, the big thing for them is their performance

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Speaker 4: in China, right, that was the everybody's always looking to that.

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Speaker 4: So app Apple about up about half a percent. So

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Speaker 4: their iPhone seventeen series, it drove a thirty seven percent

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Speaker 4: rise in monthly smartphone sales in China. This is from

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Speaker 4: Counterpoint Research. They come up with the data. The iphonocounter

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Speaker 4: for one in every four smartphones that were sold in

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Speaker 4: the country in October, the first time it's hit that

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Speaker 4: mark since twenty twenty two. So it's doing better and

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Speaker 4: it's really showing that Apple's year on your upgrades, they're

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Speaker 4: kind of starting to resonate with the consumers. They just

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Speaker 4: the latest upgrade, you know, so people are catching onto it.

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Speaker 3: Me how to do this? They're up eighteen percent this

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Speaker 3: year twelve excuse me, twelve months total return YEP. I

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Speaker 3: went back, I never do this, and I actually went

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Speaker 3: back to the gloom of Apple early April. Yep. Oh man,

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Speaker 3: everyone was gloomy exactly in the newspapers and Apple. It's over,

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Speaker 3: it's done, it's finished.

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Speaker 1: It'll be fine.

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Speaker 3: I know.

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Speaker 4: You think about like quahweh. I mean, they usually outperformed

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Speaker 4: that their the biggest competition, and they're you know, they

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Speaker 4: slipped by nineteen percent.

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Speaker 3: You got a twenty five second wonder Okay.

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Speaker 4: Armor Sports Okay, tick her as up as much as

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Speaker 4: eight percent. They do the Solomon sneakers, right, they.

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Speaker 1: Know, no, no Solomon ski where I've had some skid.

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Speaker 4: I do the sneakers they.

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Speaker 1: Mixed sneakers do that I've known miss I had Solomon skis.

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Speaker 1: I've had Solomon bindings for forty years. Okay, and Solomon boots.

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Speaker 1: I think I have Solmon boots now. Plus say we'll

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Speaker 1: and Wilson say yes, yes, yes.

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Speaker 2: So they did.

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Speaker 4: They did much better. They said their sporting goods are

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Speaker 4: doing well, but particularly the footwear that they say and

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Speaker 4: I guess this's to I guess that worked well for.

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Speaker 2: The stockmovers. Report from Bloomberg Radio check back with us

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Speaker 2: throughout the day. For the latest roundup of companies making

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Speaker 2: news on Wall Street, and for the latest market moving headlines.

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