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. Let's take a look at some stocks on the move today. I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Matteo.
It's a podcast, Lisa, what do you think? All right? We got to start with Macy's, right, because their shares have been all over the map this morning, ticker M So the news seem good right off the started top third quarter earnings expectations, posted strongest same store sales growth in thirteen quarters. Boosted, it's full of your guidance for just as earnings per share. Right, it's net sales at Bloomingdale's rose, and that's actually gaining share from SAS Global,
where sales are falling by double digits. It's bloom Mercury net sales rose. So the CEO said they're well positioned to enter the holiday season. But I think that's the issue. Investors wanted a little more from the holiday quarter. There were also a lot of positive reports back right, you know before this, so the bars up high. I'm done what's blue mercury, Blue mercury. Oh, that has all different
things like perfumes and different smell stuff. Yes, okay, things like But that's the reason for that their shares are down more than seven percent. Of that because the bar was set so high because of these past earnings reports from other retailers. So that's why we've seen their shares start this morning higher and now they're back down down as much as seven percent. I want to stick with retail and go to American Eagle Outfitters. That's ticker AEO.
Their shares have been up as much as twelve percent before they're open. They raise their comparable sales guidance, reported net revenue third quarter top estimate estimates American Eagle. They also own the Airy the Intimates brand too, so that that's part of them. They had a few changes, right, They revamped their apparel offering. They had this flashy advertising remember that, you know, campaign with actress Sidney Sweeney no relation to Paul Yes, oh Sidney Sweeney, yes, yeah, yeah,
no relation, no relations. They also had a campaign with NFL star Travis Kelsey. So you know, they've had a couple things to kind of boost it and they needed the turnaround because it's moving away from this weakness earlier this year. I mean they pulled there full of your guidance back in May because of discounts and also that right down in inventory. So we covered retail. I want to get to technology a little. We'll move to Marvell
Technology MRVL. Their shares up as much as fifteen percent, so who is Marvel?
Right?
So they help cloud computing companies like Amazon design custom chips to handle AI. That's what they do. Basically. The company announced plans to acquire startup Celestial AI for at least three and a quarter billion dollars, so that was good news there. It also posted strong quarterly results it's forecast so you add that together and that's why those shares have been a lot higher. They also reassort investor custom chip design is going to win repeat orders, so
they kind of would you know this whole hoorah. They were pushing and saying that custom hip sales are going to increase twenty percent. You have one more he can bitcoin. I just want to touch on quickly ABTC. The reason I'm touching upon this is because yes, it's a cryptominer right, co founded by Eric Trump Yesterday, their shares dropped fifty one percent in twenty six minutes before the open. Though they're starting to recover and that's a story. Today, their shares are up about nine percent.
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