00:00:02
Speaker 1: Bloomberg Audio Studios Podcasts Radio News The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.
00:00:16
Speaker 2: Let's take a look at some stocks on the move today. Caroline Hepker. Good morning. Let's start with Lululemon, shall we? Lululemon Athletica, ticker LULU, is absolutely slumping in the pre-market this morning, Tom. So we're down by 20%. They have cut their outlook again today. There has been a kind of extended slowdown for Lululemon. There have been a few, I say, missteps for the business when it comes to its marketing. There's also an issue really with the popularity of its yoga pants, of course, for which it is most well-known. In terms of its comparable sales, they fell by 9% in the second quarter. So, it looks pretty tough for the CEO, Heidi O'Neill, who is trying to turn the business around. But that is my first Stock to watch, a ticket LULU pre-market down 20%, getting a lot of interest for Lululemon. There's visibility at the open. I know there's people wearing Lululemon at the open. Yeah. You know, Coco's looking New Balance, and others are looking Lulu.
00:01:17
Speaker 1: Next.
00:01:18
Speaker 2: So, next, we've got Tesla. This is a TSLA, of course. So, this is Tesla's cyber cab. So, to join the robo-taxi fleet, they unveiled this two-seater vehicle. The thing is they unveiled it without really that much pomp and fanfare, which is sort of unusual for Tesla in some ways. and they didn't live stream it. It didn't seem to be particularly well received by investors. There wasn't that much detail about this invite-only closed-door event that they held in Austin to unveil this highly anticipated cybercab launch. And so, yeah, this morning, the stock's pre-market also getting quite a lot of interest, but it's down 3.5% TSLA. There are a lot of Teslas in London. no i saw no i saw very well there are none of the cyber truck the cyber truck when i was out in texas and out in arizona over the summer they were everywhere i can't see out of the back window of the cyber truck but anyway that wouldn't be good for me i'm a terrible driver um but the other teslas uh they are everywhere in london yeah yeah it's just about where you plug them in and certainly in cities, the infrastructure for plugging in EVs is not really there. It's not, well, it's just not built out and that's difficult, but that's a challenge across Europe. And we've talked about, you know, trying to move to EVs.
00:02:50
Speaker 1: Do you got one more?
00:02:51
Speaker 2: One more. This is going to be Robin Hood, H-O-O-D, down this morning. Really interesting CEO and founder, Vlad Tenev. He was in London. He came into the Bloomberg Radio Studios to speak to me on radio and on TV. Fascinating. They're trying to build out, you know, the app. It offers you all kinds of investing, but it's everything from, you know, pretty boring, straightforward type big investments to prediction markets, et cetera. They seem to be getting attention for this spat with AMC Entertainment Holdings. The CEO and chairman, Adam Aron, has been criticizing Robinhood for tokenizing the its stocks, including AMC. So Robinhood's share price at the moment, pre-market down 3.4%.
00:03:41
Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen to Bloomberg Radio live. Catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business app.
Speaker 1: Bloomberg Audio Studios Podcasts Radio News The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.
00:00:16
Speaker 2: Let's take a look at some stocks on the move today. Caroline Hepker. Good morning. Let's start with Lululemon, shall we? Lululemon Athletica, ticker LULU, is absolutely slumping in the pre-market this morning, Tom. So we're down by 20%. They have cut their outlook again today. There has been a kind of extended slowdown for Lululemon. There have been a few, I say, missteps for the business when it comes to its marketing. There's also an issue really with the popularity of its yoga pants, of course, for which it is most well-known. In terms of its comparable sales, they fell by 9% in the second quarter. So, it looks pretty tough for the CEO, Heidi O'Neill, who is trying to turn the business around. But that is my first Stock to watch, a ticket LULU pre-market down 20%, getting a lot of interest for Lululemon. There's visibility at the open. I know there's people wearing Lululemon at the open. Yeah. You know, Coco's looking New Balance, and others are looking Lulu.
00:01:17
Speaker 1: Next.
00:01:18
Speaker 2: So, next, we've got Tesla. This is a TSLA, of course. So, this is Tesla's cyber cab. So, to join the robo-taxi fleet, they unveiled this two-seater vehicle. The thing is they unveiled it without really that much pomp and fanfare, which is sort of unusual for Tesla in some ways. and they didn't live stream it. It didn't seem to be particularly well received by investors. There wasn't that much detail about this invite-only closed-door event that they held in Austin to unveil this highly anticipated cybercab launch. And so, yeah, this morning, the stock's pre-market also getting quite a lot of interest, but it's down 3.5% TSLA. There are a lot of Teslas in London. no i saw no i saw very well there are none of the cyber truck the cyber truck when i was out in texas and out in arizona over the summer they were everywhere i can't see out of the back window of the cyber truck but anyway that wouldn't be good for me i'm a terrible driver um but the other teslas uh they are everywhere in london yeah yeah it's just about where you plug them in and certainly in cities, the infrastructure for plugging in EVs is not really there. It's not, well, it's just not built out and that's difficult, but that's a challenge across Europe. And we've talked about, you know, trying to move to EVs.
00:02:50
Speaker 1: Do you got one more?
00:02:51
Speaker 2: One more. This is going to be Robin Hood, H-O-O-D, down this morning. Really interesting CEO and founder, Vlad Tenev. He was in London. He came into the Bloomberg Radio Studios to speak to me on radio and on TV. Fascinating. They're trying to build out, you know, the app. It offers you all kinds of investing, but it's everything from, you know, pretty boring, straightforward type big investments to prediction markets, et cetera. They seem to be getting attention for this spat with AMC Entertainment Holdings. The CEO and chairman, Adam Aron, has been criticizing Robinhood for tokenizing the its stocks, including AMC. So Robinhood's share price at the moment, pre-market down 3.4%.
00:03:41
Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen to Bloomberg Radio live. Catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business app.
