1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,920 --> 00:00:18,200 Speaker 3: Let's take a look at some of the stocks in 5 00:00:18,239 --> 00:00:20,640 Speaker 3: the move today. We're joined by Bloomberg's Christine A. Kino. 6 00:00:20,800 --> 00:00:22,520 Speaker 3: All right, let's kick it off with Ross Stores. 7 00:00:22,720 --> 00:00:25,520 Speaker 1: Yeah, Ross Stores Alex that's not doing well today, down 8 00:00:25,640 --> 00:00:28,159 Speaker 1: more than fourteen percent, and that's after we got the 9 00:00:28,160 --> 00:00:31,720 Speaker 1: second quarter Ernie's first are forecast. That is the appot 10 00:00:31,920 --> 00:00:34,720 Speaker 1: that we saw at Bloomberg. The company also withdrew its 11 00:00:34,760 --> 00:00:38,199 Speaker 1: full year sales and Earnie's guide in citing all this 12 00:00:38,400 --> 00:00:40,159 Speaker 1: uncertainty that we're seeing in what. 13 00:00:40,240 --> 00:00:41,120 Speaker 3: If for Ross Stores? 14 00:00:41,120 --> 00:00:43,320 Speaker 1: Sell I've never been into a discount reach well, I 15 00:00:43,400 --> 00:00:48,280 Speaker 1: never stopped, but were stop? Remember dress for less? Okay, 16 00:00:48,400 --> 00:00:49,080 Speaker 1: dress for less? 17 00:00:49,200 --> 00:00:51,920 Speaker 3: Yeah, you can totally do a Ross Stores. 18 00:00:52,320 --> 00:00:52,960 Speaker 1: What are you saying? 19 00:00:53,200 --> 00:00:55,280 Speaker 3: Meaning TJ Max is too much for you? Like you 20 00:00:55,280 --> 00:00:57,560 Speaker 3: definitely couldn't manage that, But you can definitely do a 21 00:00:57,640 --> 00:00:58,120 Speaker 3: Ros Stores. 22 00:00:58,680 --> 00:01:02,000 Speaker 1: John Doctor for Rosto, Yeah, we'll do a trip well 23 00:01:02,040 --> 00:01:04,720 Speaker 1: of course. Yeah, it's margin pressure really, that is what 24 00:01:04,800 --> 00:01:07,720 Speaker 1: investors are worried about. The company already called out of 25 00:01:07,760 --> 00:01:10,480 Speaker 1: one hundred basis points of margin pressure from the second quarter, 26 00:01:10,840 --> 00:01:14,800 Speaker 1: and you can imagine that the increased uncertainty following day's 27 00:01:14,840 --> 00:01:17,800 Speaker 1: round of tariff threats really just adds to that pressure. 28 00:01:18,000 --> 00:01:20,960 Speaker 3: All right, let's go to Nike here. So the stock 29 00:01:21,240 --> 00:01:23,800 Speaker 3: was up a lot yesterday because it's going to start 30 00:01:23,840 --> 00:01:25,800 Speaker 3: selling stuff on Amazon again. But now is it getting 31 00:01:25,800 --> 00:01:27,480 Speaker 3: taken again out again by Deckers. 32 00:01:27,520 --> 00:01:30,200 Speaker 1: Is that what we're seeing, Well, probably a little bit 33 00:01:30,240 --> 00:01:32,360 Speaker 1: of fall through from that Alex but also probably a 34 00:01:32,400 --> 00:01:35,520 Speaker 1: reaction to what we've seen, right the escalation in tariff 35 00:01:35,520 --> 00:01:37,720 Speaker 1: threats once again. That stock is down more than two 36 00:01:37,760 --> 00:01:40,640 Speaker 1: percent today because yeah, you know, it's exposure to this 37 00:01:40,760 --> 00:01:44,000 Speaker 1: global trade tension really can't be denied. In twenty twenty four, 38 00:01:44,080 --> 00:01:46,840 Speaker 1: fifty percent of its shoes and twenty eight percent of 39 00:01:46,840 --> 00:01:50,360 Speaker 1: its apparel came from factories in Vietnam, sixteen percent came 40 00:01:50,400 --> 00:01:53,720 Speaker 1: from China, and in Cambodia is responsible for making fifteen percent. 41 00:01:54,000 --> 00:01:56,640 Speaker 1: All three of those countries are exposed to tariff threats 42 00:01:56,680 --> 00:01:59,120 Speaker 1: at the moment, and so Bloomberg Intelligence actually in their 43 00:01:59,200 --> 00:02:01,440 Speaker 1: latest TEARFF tracker sliding Nike is one of the most 44 00:02:01,440 --> 00:02:07,120 Speaker 1: affected companies by the new tariff landscape. And finally, Cgate Technology. 45 00:02:07,120 --> 00:02:09,799 Speaker 1: This is Seagate, that's right, So it's you know, we 46 00:02:09,880 --> 00:02:13,120 Speaker 1: know it's a maker of computer hardware and storage. It 47 00:02:13,240 --> 00:02:16,800 Speaker 1: had an upbeat investor Day event. It's up two percent 48 00:02:16,960 --> 00:02:19,360 Speaker 1: or nearly two percent on one point eight now pairing 49 00:02:19,400 --> 00:02:21,480 Speaker 1: some of those earlier gains, but still in the green. 50 00:02:21,760 --> 00:02:25,040 Speaker 1: And we saw the company setting its targets for the 51 00:02:25,080 --> 00:02:28,240 Speaker 1: period through fiscal twenty twenty eight. It's seeing forty percent 52 00:02:28,280 --> 00:02:32,359 Speaker 1: adjusted gross margin with further expansion. It's also planned to 53 00:02:32,360 --> 00:02:35,200 Speaker 1: buy back up to five billion of shares. And so 54 00:02:35,360 --> 00:02:37,880 Speaker 1: now we're seeing Morgan Stanley raising its price target for 55 00:02:37,919 --> 00:02:40,799 Speaker 1: the company one hundred and forty dollars up from ninety nine, 56 00:02:40,840 --> 00:02:42,680 Speaker 1: so quite quite a hefty upgrade there. 57 00:02:43,440 --> 00:02:47,440 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 58 00:02:47,520 --> 00:02:50,119 Speaker 2: us throughout the day for the latest roundup of companies 59 00:02:50,160 --> 00:02:53,239 Speaker 2: making news on Wall Street and for the latest market 60 00:02:53,320 --> 00:02:57,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 61 00:02:57,880 --> 00:03:01,200 Speaker 2: Bloomberg dot com, and on applecar Play and Android Auto 62 00:03:01,280 --> 00:03:02,880 Speaker 2: with the Bloomberg Business app.