Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Tim Statoveec along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move today. We're joined
Speaker 3: by Bloomberger News. Cross ass that reporter Emily Grafao with
Speaker 3: some stock movers.
Speaker 1: That it was a nice sound effect to family. We
Speaker 1: really like, you know, we adore.
Speaker 4: Okay, so well, can I start with an index? Did
Speaker 4: you guys already talk about the Russell two thousand?
Speaker 1: Wait, knuckleheads, you can do whatever you want. It was
Speaker 1: up today. That's not mos RT. What my goodness? Yeah,
Speaker 1: Tim talked a battle lah Okay.
Speaker 4: Okay, Yeah, just have to point that out because you know,
Speaker 4: if we're talking about big market moves, that was one
Speaker 4: that stood out. There were also some individual movers that
Speaker 4: stood out. I'm thinking specifically with Nvidia ticker NVDA. It
Speaker 4: hit the lowest level since September twenty fifth, so it
Speaker 4: has run up quite a bit this year, as we
Speaker 4: all know. But this idea is now creeping into the
Speaker 4: market that maybe they're not going to be the leader
Speaker 4: in AI chips.
Speaker 1: The headline today on the.
Speaker 4: Bloomberg terminal was all about the AI chip rivalry between
Speaker 4: in Nvidia and Google. So we saw Google stock up,
Speaker 4: finishing the day up about two percent. And this is
Speaker 4: all coming after there was a report earlier that Meta
Speaker 4: was in talks to spend billions on Google's AI chips.
Speaker 1: So the wars are intensifying. Another day, another AI narrative. Yes,
Speaker 1: chip wars heating up, but I mean, Alphabet's been on
Speaker 1: a tear.
Speaker 4: Yes it has. It's outpacing in VideA for in terms
Speaker 4: of year to date gains, which you wouldn't expect because
Speaker 4: AI has been the big trade this year and in
Speaker 4: videos the poster child.
Speaker 1: But obviously they had a very good twenty twenty four
Speaker 1: as well.
Speaker 4: And then we also saw shares of Meta higher, also
Speaker 4: kind of related to that news of the bay.
Speaker 3: So here's something market cap wise in videos at four
Speaker 3: point three trillion dollars, Alphabet getting up to close to
Speaker 3: four trillion, three point nine trillion dollars, and this year.
Speaker 2: I was seventy.
Speaker 1: It just blows my mind. These trillion, you know dollar.
Speaker 3: Market four trillion.
Speaker 1: Yeah, it's wild, It's just crazy. Hey, let's go to
Speaker 1: some of the after hours stories. As the retailers continue
Speaker 1: to report.
Speaker 2: Urban Outfitters man that one tick her URBN was moving
Speaker 2: in a big way.
Speaker 4: Yeah, it's up right now about twelve percent in the
Speaker 4: post market. They reported net sales for the third quarter
Speaker 4: that beaked estimates. It was one point five to three
Speaker 4: billion versus estimates of about one point four to nine.
Speaker 4: And then they're the parent company of a lot of
Speaker 4: clothing brands that I know. Tim Senovic, you must know
Speaker 4: and love Anthropology Free People.
Speaker 1: I love you. Yeah, I'm not going No, I don't know.
Speaker 3: You don't know anthrop know Anthropology, but I didn't. Yeah,
Speaker 3: do they still have standalone stores?
Speaker 1: They do?
Speaker 3: Okay, Anthropology Urban Oufitters, I know years ago. Well, no
Speaker 3: Urban Outfitters does.
Speaker 1: But Anthropology is actually was in one Rock Center as one.
Speaker 4: I was in the Rock Center one like that one.
Speaker 4: It's a really Yeah, they didn't. They didn't have a
Speaker 4: ton of like.
Speaker 1: Like apparel inventory.
Speaker 4: Sometimes you want to go into a store and you
Speaker 4: want to try on a pair of jeans and then
Speaker 4: they only have like sequence skirts.
Speaker 1: But that's besides the point. Great Napkins.
Speaker 3: There's a certain kind of napkin I've bought and they're
Speaker 3: they're not inexpensive, so wait for when they're on sale.
Speaker 1: But they're really nice and they last long. Okay, yeah, I'm.
Speaker 4: Not endorsing, but no, we're not. We're not endorsing. But
Speaker 4: the Urban and Anthro divisions also beat on net sale.
Speaker 4: So overall, we had a consumer sentiment data out today
Speaker 4: that was pretty bleak, But a lot of the earnings
Speaker 4: reports that we've gotten from these retailers have been solid
Speaker 4: at least, you know, just within the last twenty four hours.
Speaker 1: By the way, everybody needs a little sequence in their wardrobe. Yeah,
Speaker 1: a little sequence skirt.
Speaker 3: Who doesn't.
Speaker 1: This is a bit of a pivot, Yeah, printers.
Speaker 4: So hp ink ticker HPQ down about five percent in
Speaker 4: the after hours. The stock is already down twenty five
Speaker 4: percent year to date. They missed earnings, and the company
Speaker 4: also said they plan to reduce headcount by about four
Speaker 4: thousand to six thousand by the end of fiscal twenty
Speaker 4: twenty eight, the CFO saying during these earnings, we're trying
Speaker 4: to mitigate recent cost headwinds, and we're investing in AI
Speaker 4: initiatives like every other stock, so something it's hard to tell,
Speaker 4: does that Capex and that investment, do the equity holders
Speaker 4: like it or does.
Speaker 1: It make them nervous that there's not going to be
Speaker 1: a return.
Speaker 2: I don't know. I don't know that everybody's chasing it.
Speaker 1: Yeah, we shall see, We shall see.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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