1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:19,439 Speaker 3: I'm Carol Masser along with Tim Stanevik. Let's get to 5 00:00:19,520 --> 00:00:22,320 Speaker 3: some stocks on the move with us. Is Bloomberg. Cross 6 00:00:22,360 --> 00:00:24,880 Speaker 3: Houset reporter Isabelle Lee. She is in the house. Good 7 00:00:24,880 --> 00:00:30,040 Speaker 3: to have you here. There was a lot of movement 8 00:00:30,120 --> 00:00:33,680 Speaker 3: in individual names today, I mean broad based buying. 9 00:00:34,040 --> 00:00:37,000 Speaker 1: Yes, y, I did feel spoiled, and that's why I 10 00:00:37,080 --> 00:00:40,519 Speaker 1: chose stocks that I personally am interested in. I'm not 11 00:00:40,520 --> 00:00:41,920 Speaker 1: going to say I love them or I hate it, 12 00:00:41,920 --> 00:00:44,159 Speaker 1: So there go there. So Crocs, I feel like this 13 00:00:44,280 --> 00:00:45,879 Speaker 1: is the stock that you love or you hate. But 14 00:00:45,920 --> 00:00:48,800 Speaker 1: today it's up by more than ten percent. That we 15 00:00:48,840 --> 00:00:52,160 Speaker 1: have William Trading upgrading their rating to buy from hold, 16 00:00:52,240 --> 00:00:55,360 Speaker 1: citing better than expected trends. They now expect Crocs full 17 00:00:55,440 --> 00:00:58,319 Speaker 1: year US revenue for twenty twenty six to decrease by 18 00:00:58,320 --> 00:01:01,920 Speaker 1: five point eight percent. That's in contrasted expectation of a 19 00:01:01,960 --> 00:01:05,280 Speaker 1: seven point five percent declient. So it's less bad. They 20 00:01:05,280 --> 00:01:08,720 Speaker 1: also said, hey, dude is becoming less bad. Do you 21 00:01:08,720 --> 00:01:13,920 Speaker 1: know he dude, he did shoes there or something. I 22 00:01:13,959 --> 00:01:17,720 Speaker 1: did a quick google shoes. I don't own one, but 23 00:01:18,040 --> 00:01:21,319 Speaker 1: they're saying with the brand management shifting, they're trying to 24 00:01:21,360 --> 00:01:24,120 Speaker 1: attract female consumers, so maybe I guess it should be 25 00:01:24,160 --> 00:01:25,240 Speaker 1: Hey girls. 26 00:01:24,880 --> 00:01:27,160 Speaker 4: Hey dude to me is the name of a nineteen 27 00:01:27,319 --> 00:01:29,399 Speaker 4: eighty nine Nickelodeon sitcom. 28 00:01:29,920 --> 00:01:33,120 Speaker 1: I love Nickelodeon. Hey do exactly? 29 00:01:33,680 --> 00:01:35,279 Speaker 4: It was go go. 30 00:01:35,400 --> 00:01:37,840 Speaker 1: You know these shoes exactly. 31 00:01:37,400 --> 00:01:40,080 Speaker 4: Talking about the show Carol about the shoes to YouTube. 32 00:01:40,480 --> 00:01:44,240 Speaker 4: Watch the show focus to Hey dudek. Christine Taylor was 33 00:01:44,240 --> 00:01:47,240 Speaker 4: in it. Oh yeah, it's like it's she. 34 00:01:47,240 --> 00:01:48,480 Speaker 3: Played Marshall Brady, didn't she? 35 00:01:48,920 --> 00:01:54,040 Speaker 1: I actually in the movie she is. I just said shoes. 36 00:01:54,120 --> 00:01:54,360 Speaker 3: I know. 37 00:01:54,680 --> 00:01:58,320 Speaker 1: Hey, sorry, yeah, tick our CrOx before the producers get to. 38 00:01:58,280 --> 00:02:00,960 Speaker 3: Us slightly comfortable often she and washable. Hey do you 39 00:02:01,080 --> 00:02:04,240 Speaker 3: choose like the popular Wendy and Wally style service as 40 00:02:04,240 --> 00:02:08,359 Speaker 3: a complimentary brand to clocs classic folm clocks. There a 41 00:02:08,400 --> 00:02:09,760 Speaker 3: lot of dudes wearing these. 42 00:02:10,200 --> 00:02:12,519 Speaker 1: I don't know, but now they're pivoting to women. 43 00:02:12,840 --> 00:02:14,919 Speaker 3: So oh okay, so that's where we go. 44 00:02:15,480 --> 00:02:18,680 Speaker 1: So you're right, hey, okay, hey should we go to 45 00:02:19,080 --> 00:02:22,800 Speaker 1: LEVI yes, ticker l E V I. My dad loves 46 00:02:22,880 --> 00:02:25,359 Speaker 1: these jeans. I don't know why. I mean, I guess 47 00:02:25,400 --> 00:02:27,360 Speaker 1: because they're durable. I mean these jeans. 48 00:02:27,360 --> 00:02:29,880 Speaker 3: My twenty three year old daughter loves these jeans. Tim's 49 00:02:29,880 --> 00:02:32,000 Speaker 3: wife loves these gens. 50 00:02:32,000 --> 00:02:35,320 Speaker 1: Not love this, Okay, so what he's got, he's a 51 00:02:35,320 --> 00:02:37,799 Speaker 1: little sishy. Oh your sheshi? Okay. Yeah. 52 00:02:37,880 --> 00:02:39,720 Speaker 3: So you know when they fit, they fit, and you 53 00:02:39,880 --> 00:02:40,799 Speaker 3: just got to go with it. 54 00:02:41,400 --> 00:02:44,320 Speaker 1: Well, the Doock is going really up in the green 55 00:02:44,360 --> 00:02:47,560 Speaker 1: after the company boosted adjusted EPs and revenue forecast for 56 00:02:47,600 --> 00:02:50,799 Speaker 1: the full year. The company also reported first quarter earnings 57 00:02:50,800 --> 00:02:54,000 Speaker 1: and sales the top estimate so The CEO, Michelle Gas, 58 00:02:54,120 --> 00:02:58,399 Speaker 1: said that the consumer has remained resilient and they're expanding now. 59 00:02:58,440 --> 00:03:00,799 Speaker 1: They're offering to include more tops and new styles of 60 00:03:00,880 --> 00:03:04,200 Speaker 1: genes while prioritizing the brand stores and websites. I think 61 00:03:04,240 --> 00:03:06,519 Speaker 1: this is becoming a big thing because I don't actually 62 00:03:06,520 --> 00:03:08,519 Speaker 1: go physical shopping anymore because. 63 00:03:08,560 --> 00:03:11,440 Speaker 3: There's pretty cool, they're easy, they're nice, very I was. 64 00:03:11,440 --> 00:03:13,160 Speaker 1: Going to say end, they're big and there are a 65 00:03:13,200 --> 00:03:16,240 Speaker 1: lot of dressing rooms, so I guess there is that. 66 00:03:16,360 --> 00:03:19,160 Speaker 1: But the effort seems to be paying off because we're 67 00:03:19,160 --> 00:03:21,760 Speaker 1: seeing a broader pullback in the US sales. 68 00:03:21,800 --> 00:03:24,480 Speaker 3: But Michelle Goss, the CEO, is on our air today 69 00:03:24,560 --> 00:03:27,880 Speaker 3: and she like said, kind of firing on all different cylinders. 70 00:03:28,040 --> 00:03:31,960 Speaker 3: And I thought you highlighted too that different price points, 71 00:03:32,040 --> 00:03:35,760 Speaker 3: different labels. So let's sumplain into different parts of the market. 72 00:03:35,840 --> 00:03:37,760 Speaker 4: I mean, it's the Levi's brand, but there are different 73 00:03:37,800 --> 00:03:40,920 Speaker 4: segments of customers that they want to reach. So she 74 00:03:41,000 --> 00:03:43,720 Speaker 4: talk about products with twenty to twenty five dollars price 75 00:03:43,760 --> 00:03:46,000 Speaker 4: points all the way up to the blue label jeans, 76 00:03:46,120 --> 00:03:48,920 Speaker 4: which what she said, over two hundred dollars for a 77 00:03:49,280 --> 00:03:51,360 Speaker 4: so that's sort of the premium category. Yeah, I mean 78 00:03:51,360 --> 00:03:54,160 Speaker 4: they reach consumers where they are. It's been really successful. 79 00:03:54,160 --> 00:03:56,400 Speaker 4: Plus they have working with them the trend right now, 80 00:03:56,400 --> 00:03:59,040 Speaker 4: which is like nineties grunge and yeah, no Carol. 81 00:04:00,160 --> 00:04:03,800 Speaker 1: The set, I am watching Love Story. 82 00:04:03,640 --> 00:04:07,360 Speaker 3: Well apparently that show and of course everything she wears. 83 00:04:07,360 --> 00:04:09,600 Speaker 3: We've talked about this here at Bloomberg. Is you know 84 00:04:09,680 --> 00:04:12,760 Speaker 3: Calvin Klein, I think, is you know getting into this too. 85 00:04:12,800 --> 00:04:15,160 Speaker 3: But her jeans are selling really well. 86 00:04:15,160 --> 00:04:17,240 Speaker 1: It seems like it's such a cool time to be 87 00:04:17,880 --> 00:04:21,400 Speaker 1: living in, Like when John was waiting outside of her 88 00:04:21,480 --> 00:04:23,800 Speaker 1: home because there's no text, and you can't just say 89 00:04:23,920 --> 00:04:26,279 Speaker 1: where you at. You have to wait for a woman 90 00:04:26,440 --> 00:04:29,680 Speaker 1: to look out the window. I want to be corned like. 91 00:04:29,680 --> 00:04:33,039 Speaker 4: That, honestly, all right, do we have time for vital farms? 92 00:04:33,120 --> 00:04:36,040 Speaker 1: We can be quick vital farms. I personally couldn't say seconds. 93 00:04:36,080 --> 00:04:40,960 Speaker 1: They're thirteen dollars eggs, but stock is now down binarily 94 00:04:41,000 --> 00:04:46,680 Speaker 1: six percent to take Calvin cut, the recommendation to hold 95 00:04:46,720 --> 00:04:49,640 Speaker 1: from buy and slash price target. There have been some 96 00:04:49,680 --> 00:04:52,600 Speaker 1: controversy around these. I still continue to buy them. 97 00:04:52,520 --> 00:04:56,200 Speaker 3: Though thirteen dollars eggs. Are they crusted in gold? 98 00:04:56,320 --> 00:04:58,480 Speaker 1: Yes? But I don't buy ten two hundred dollars jeans 99 00:04:58,520 --> 00:04:59,240 Speaker 1: though so. 100 00:05:01,240 --> 00:05:05,440 Speaker 2: The Stockmover's report from Bloomberg Radio. 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