1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,200 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,440 --> 00:00:17,919 Speaker 3: Take a look at some of the stocks on the 5 00:00:17,920 --> 00:00:19,800 Speaker 3: move today on Paul Swinging alongside. 6 00:00:19,360 --> 00:00:21,520 Speaker 1: Norman Linda, and we're joined by Bloomers. They need to 7 00:00:21,520 --> 00:00:23,640 Speaker 1: so COVID they needs. What are you looking at today? 8 00:00:23,960 --> 00:00:27,920 Speaker 1: Let's start with Amazon and grosslyly obviously that's been a 9 00:00:27,920 --> 00:00:30,240 Speaker 1: big news that's not moving only Amazon, but quite a 10 00:00:30,280 --> 00:00:33,080 Speaker 1: few names. Amazon is up nearly one percent. The news 11 00:00:33,120 --> 00:00:36,199 Speaker 1: is that customers in more than thousand cities and towns 12 00:00:36,240 --> 00:00:40,160 Speaker 1: can now order groceries with same day delivery, and they're 13 00:00:40,200 --> 00:00:43,400 Speaker 1: looking to expand this to double the CDs by ear end. 14 00:00:43,920 --> 00:00:47,720 Speaker 1: The ticker, of course, is AMZ, and what we're seeing 15 00:00:47,840 --> 00:00:50,559 Speaker 1: is a big reaction in instacart. It plummeted as much 16 00:00:50,560 --> 00:00:53,640 Speaker 1: as eleven percent. We're also seeing Kroger react to this, 17 00:00:53,760 --> 00:00:57,280 Speaker 1: Walmart react to this. Obviously, Amazon is getting but a 18 00:00:57,320 --> 00:01:00,080 Speaker 1: stock is actually up only two percent this year, so 19 00:01:00,680 --> 00:01:03,880 Speaker 1: perhaps we're not seeing real euphoria there. So customers will 20 00:01:04,120 --> 00:01:08,000 Speaker 1: have the option to order produce, dairy meat, seafood, Bike Goods. 21 00:01:08,000 --> 00:01:09,959 Speaker 1: They've been trying to do this for quite sometimes, but 22 00:01:10,040 --> 00:01:13,320 Speaker 1: it seems like this initiative is moving forward. The same 23 00:01:13,360 --> 00:01:16,840 Speaker 1: day of delivery will be free if you order things 24 00:01:16,920 --> 00:01:19,880 Speaker 1: over twenty five doors. If not, you have to pay 25 00:01:19,959 --> 00:01:21,880 Speaker 1: a three dollar fee. And this is of course we're 26 00:01:22,200 --> 00:01:24,720 Speaker 1: Prime members. I don't know if that's a good price, 27 00:01:24,760 --> 00:01:28,720 Speaker 1: but it seems like it's moving. It's moving the stock. 28 00:01:29,000 --> 00:01:31,640 Speaker 1: The expansion of same day delivery is obviously one way 29 00:01:31,640 --> 00:01:34,840 Speaker 1: to take over Walmart. They've been doing this and expanding 30 00:01:34,880 --> 00:01:38,000 Speaker 1: in that area. Of course, Amazon has Whole Foods zone, 31 00:01:38,319 --> 00:01:40,520 Speaker 1: so maybe maybe they have an edge, but we're yet 32 00:01:40,560 --> 00:01:44,120 Speaker 1: to see. I know, would you pay? I do you 33 00:01:44,160 --> 00:01:45,560 Speaker 1: do you get grocery Amazon? 34 00:01:45,720 --> 00:01:46,399 Speaker 3: From Amazon? 35 00:01:47,080 --> 00:01:49,880 Speaker 1: Here we go? I don't actually like to go and 36 00:01:49,880 --> 00:01:55,480 Speaker 1: buy them, Okay, And that's good. I think it's more comfortable. 37 00:01:55,520 --> 00:01:56,880 Speaker 3: I used to do it in Virginia. I used to 38 00:01:57,000 --> 00:01:59,640 Speaker 3: go in person. Ever since moving to New York, I 39 00:01:59,640 --> 00:02:03,440 Speaker 3: decide the delivery method. But you're also looking at another 40 00:02:03,480 --> 00:02:06,000 Speaker 3: company here, Kava, which we've been talking about today. 41 00:02:06,280 --> 00:02:08,960 Speaker 1: Of course, that's one name that's so such a big 42 00:02:09,000 --> 00:02:12,120 Speaker 1: surge after the IPOs, and IPO is so hot right now. 43 00:02:12,160 --> 00:02:14,160 Speaker 1: So I think it's very relevant. But now we're seeing 44 00:02:14,200 --> 00:02:17,880 Speaker 1: share plummeted after the company trimmed its annual sales guidance, 45 00:02:17,960 --> 00:02:22,919 Speaker 1: took us down about sixteen percent. Now the ticker is Cava. 46 00:02:23,040 --> 00:02:26,240 Speaker 1: Of course, it's a fast casual meditarian chain. Now they 47 00:02:26,360 --> 00:02:29,840 Speaker 1: say sales at established location will expand at six percent 48 00:02:30,080 --> 00:02:33,600 Speaker 1: at most. They previously forecast at eight percent. That says 49 00:02:33,639 --> 00:02:36,600 Speaker 1: the company is not doing that bad. It's doing better 50 00:02:36,680 --> 00:02:39,760 Speaker 1: than what we saw at Sweet Green and Chipotle, which 51 00:02:39,760 --> 00:02:44,600 Speaker 1: are obviously competitors. But it's definitely experiences slump slow down 52 00:02:44,919 --> 00:02:47,720 Speaker 1: compared to what they forecasted in previous trend. And it's 53 00:02:47,760 --> 00:02:50,760 Speaker 1: just showing how difficult it is for restaurant change to 54 00:02:50,880 --> 00:02:54,799 Speaker 1: break through as Americans are worried about inflation, tariffs, And 55 00:02:55,080 --> 00:02:58,560 Speaker 1: one thing I see people saying is that those takeaway 56 00:02:58,600 --> 00:03:02,680 Speaker 1: places almost have prices as restaurants. It's like at ten doors, 57 00:03:02,960 --> 00:03:05,200 Speaker 1: so that's perhaps. 58 00:03:04,440 --> 00:03:05,919 Speaker 3: Starting taking expensive. 59 00:03:06,720 --> 00:03:09,399 Speaker 1: It's when you're add the stuff, it's like twenty dollars. 60 00:03:09,440 --> 00:03:10,919 Speaker 3: You might as well cook at that point, right, Yeah, 61 00:03:11,400 --> 00:03:12,720 Speaker 3: the pre holdings, the. 62 00:03:12,760 --> 00:03:16,720 Speaker 1: Pre holdings up seven percent. It's micro courses doing pretty well. 63 00:03:16,919 --> 00:03:22,040 Speaker 1: And JP Morgan raised the target from neutral to overweight. 64 00:03:22,160 --> 00:03:25,560 Speaker 1: Capri highlighted revenue improvements throughout fiscal year twenty twenty six 65 00:03:26,480 --> 00:03:30,320 Speaker 1: and particularly strong growth in their micro course brands. The 66 00:03:30,360 --> 00:03:34,960 Speaker 1: firm sided companies product improvement, value proposition. Price target is 67 00:03:35,000 --> 00:03:38,560 Speaker 1: pretty ambitious thirty dollars, which implies a fifty three percent 68 00:03:38,600 --> 00:03:43,040 Speaker 1: increase from Lasco's shares jump as much as forty percent 69 00:03:43,080 --> 00:03:45,560 Speaker 1: when they reported earnings recently, and they had a very 70 00:03:45,560 --> 00:03:48,720 Speaker 1: strong report, so the stock has had quite a few 71 00:03:48,720 --> 00:03:51,960 Speaker 1: good weeks. It has four buys, nine holdes, and one 72 00:03:52,000 --> 00:03:53,800 Speaker 1: SAT ratings, so some optimism there. 73 00:03:54,960 --> 00:03:59,000 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 74 00:03:59,080 --> 00:04:01,640 Speaker 2: us throughout the day for the latest roundup of companies 75 00:04:01,720 --> 00:04:04,840 Speaker 2: making news on Wall Street and for the latest market 76 00:04:04,880 --> 00:04:09,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 77 00:04:09,440 --> 00:04:12,920 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 78 00:04:13,000 --> 00:04:14,480 Speaker 2: the Bloomberg Business app.