Labubu, Opendoor, Airbnb, Nvidia: What's trending in markets

Shares of Pop Mart (9992.HK), the Chinese toy maker behind the Labubu dolls, are down sharply after an exchange between employees commenting on the toys' price goes viral. Opendoor (OPEN) stock nosedives after the new CEO presents his turnaround strategy. Airbnb (ABNB) rallies as Goldman Sachs (GS) raises its price target for the stock. UK's ITV (ITV.L) soars on hopes of a potential deal with Comcast (CMCSA)'s Sky. As AI chip stocks including Nvidia (NVDA) and AMD slide, Qualcomm (QCOM)'s CEO strikes an optimistic note.

For more live coverage of the markets, watch the full episode of Market Sunrise and visit Yahoo Finance.

Video Transcript

00:00 Speaker A

It's ti time now for today's trending tickers. Toys, travel and chips are all on our radar today.

00:07 Speaker A

We start in Hong Kong, where the Labubu craze has, well, taken a bit of a hit today. Shares of Popmart, the Chinese toy maker behind the Labubu dolls are down sharply after online backlash against its quote overpriced blind boxes.

00:21 Speaker A

Today's negative buzz was sparked by two employees spontaneous comments during a company live stream.

00:27 Speaker A

That's according to media reports. One of them said, quote, this is a bit expensive at around $11 and the colleagues replied, quote, someone will still buy it.

00:33 Speaker A

Well, the exchange went viral on Chinese social media with users discussing how cheap the dolls are to produce and how expensive they are to buy.

00:41 Speaker A

Well, the stock has lost about 1/4 of its value in three months. So, I think it's fair to ask whether the peak has passed.

00:48 Speaker A

Well, shifting to the housing and travel sectors now, where we have two distinct story post earnings.

00:54 Speaker A

First, Opendoor shares are sinking sharply in the pre-market, down more than 23% after a major third quarter miss on earnings.

01:03 Speaker A

And despite a slight beat on revenue sitting at $915 million, above Wall Street's expectations for $882 million.

01:10 Speaker A

And crucially, its new CEO Caz Najatian pitched a turnaround plan for Opendoor as a quote AI and software company.

01:18 Speaker A

Well, it looks like investors didn't fully buy into that idea. In the past month, the very volatile stock has lost about a third of its value.

01:27 Speaker A

It's a very different story for Airbnb, enjoying some pre-market tail wins after its own earnings print.

01:32 Speaker A

Goldman Sachs this morning raised their price target on Airbnb to $140 after reviewing the travel giant's strong third quarter revenue, which hit the high end of their guidance.

01:43 Speaker A

Now, Goldman highlights management's focus on geographic expansion and investment in AI integration as key drivers.

01:50 Speaker A

So, despite a mixed earnings report, Goldman is bullish on the long-term prospects for Airbnb.

01:58 Speaker A

Now, here's a little media story close to my heart, one that connects Britain and America. In the UK, shares of ITV are surging up as much as 14% right now on reports it's in talks to sell its media and entertainment unit to Comcast owned by Sky for about $2 billion.

02:11 Speaker A

The deal would give Comcast a bigger foothold in European broadcasting and certainly shake up the UK media landscape.

02:16 Speaker A

But I'd say expect some regulatory scrutiny on this one if talks continue.

02:22 Speaker A

And finally, we can't talk about trending stocks this week without talking about chips.

02:27 Speaker A

Nvidia edging lower, continuing its slide back to where it was a few weeks ago before the excitement around a US-China trade deal.

02:34 Speaker A

And we got some new reports overnight confirming that the Trump administration doesn't want Nvidia to sell those advanced Blackwell chips to China.

View Comments