1
00:00:02,520 --> 00:00:08,720
Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:15,880
Speaker 2: the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,600 --> 00:00:19,119
Speaker 3: Let's take a look at some stocks on the move today.

5
00:00:19,520 --> 00:00:21,440
Speaker 3: Here's Bloomberg's Lisa Matteo.

6
00:00:21,680 --> 00:00:24,239
Speaker 4: All right, so I want to start with Target ticker TGT.

7
00:00:25,120 --> 00:00:27,680
Speaker 4: It's really been struggling right week, sales, loss of market

8
00:00:27,680 --> 00:00:31,160
Speaker 4: share to people took companies like Walmart Amazon. It did

9
00:00:31,200 --> 00:00:33,599
Speaker 4: reaffirm its sales forecast for the full year, but it

10
00:00:33,680 --> 00:00:35,920
Speaker 4: was kind of overshadowed by the big news where it

11
00:00:36,040 --> 00:00:40,760
Speaker 4: named its chief operating officer. It's CEO, and that's Michael Fidelki.

12
00:00:41,120 --> 00:00:43,319
Speaker 4: He actually started as an intern in Target in two

13
00:00:43,320 --> 00:00:45,640
Speaker 4: thousand and three, which I think is great. But he

14
00:00:45,680 --> 00:00:47,440
Speaker 4: will be in the position in February. He's going to

15
00:00:47,479 --> 00:00:49,920
Speaker 4: join targets board too. It's current CEO is going to

16
00:00:49,920 --> 00:00:51,720
Speaker 4: focus on his role as executive chair.

17
00:00:52,159 --> 00:00:53,840
Speaker 1: But the shares have been taking a hit.

18
00:00:53,920 --> 00:00:56,840
Speaker 4: It down as much as eleven percent before the bell,

19
00:00:57,160 --> 00:00:59,280
Speaker 4: so it looks like Wallstreet was really hoping that in

20
00:00:59,480 --> 00:01:02,960
Speaker 4: outside would take over the leadership instead of someone from inside.

21
00:01:03,640 --> 00:01:05,080
Speaker 4: But he has a big job ahead him. You know

22
00:01:05,080 --> 00:01:08,319
Speaker 4: he's going to furchase on a focus on merchandise style design,

23
00:01:08,360 --> 00:01:11,200
Speaker 4: improving the shopper experience too, so he does have a

24
00:01:11,240 --> 00:01:12,000
Speaker 4: lot of challenges.

25
00:01:12,520 --> 00:01:15,000
Speaker 3: I read Joe I skinned, I should say Joe Feldman

26
00:01:15,080 --> 00:01:17,960
Speaker 3: with Dana Telsey on Target. He doesn't go to ABI.

27
00:01:18,080 --> 00:01:22,000
Speaker 3: He has a neutral on it and sort of wish

28
00:01:22,040 --> 00:01:23,440
Speaker 3: you washing neutral next week.

29
00:01:23,560 --> 00:01:24,400
Speaker 1: It does, okay.

30
00:01:24,440 --> 00:01:27,640
Speaker 4: So the next is Hurts ticker HTZ. It shares a

31
00:01:27,720 --> 00:01:30,000
Speaker 4: bin up as much as eighteen percent. They've now kind

32
00:01:30,000 --> 00:01:32,320
Speaker 4: of tapered off a bit. The big news is that

33
00:01:32,480 --> 00:01:36,040
Speaker 4: Hurts Car Sales has joined Amazon Auto, so it makes

34
00:01:36,080 --> 00:01:39,639
Speaker 4: it the platform's first fleet dealer. So if you're wondering

35
00:01:39,640 --> 00:01:41,520
Speaker 4: how it works here, it is okay. So you browse

36
00:01:41,640 --> 00:01:45,160
Speaker 4: Hurts Car Sales listings on Amazon Autos, you finish your

37
00:01:45,160 --> 00:01:48,000
Speaker 4: purchase online, and then you pick up your car at

38
00:01:48,000 --> 00:01:49,200
Speaker 4: the Hurts Car Sales location.

39
00:01:49,360 --> 00:01:51,040
Speaker 1: So that's exactly how it works. I didn't know that

40
00:01:51,120 --> 00:01:53,000
Speaker 1: was the thing. It's exactly it's going to.

41
00:01:53,160 --> 00:01:55,200
Speaker 4: This is like maybe starting a trend, so it's going

42
00:01:55,240 --> 00:01:58,680
Speaker 4: to roll out in Dallas, Houston, Los Angeles, Seattle today

43
00:01:59,480 --> 00:02:00,600
Speaker 4: and they want to expand too.

44
00:02:01,000 --> 00:02:02,760
Speaker 1: Hurts Car sales like forty five locations.

45
00:02:02,840 --> 00:02:05,240
Speaker 3: Okay, my answer is I'm going to take an Uber

46
00:02:05,280 --> 00:02:08,680
Speaker 3: whenever I can. Paul, you're a diehard Hurts Hurts user

47
00:02:09,080 --> 00:02:12,480
Speaker 3: Gold Club. It's sort of sort of like level revenue.

48
00:02:12,560 --> 00:02:15,440
Speaker 3: Maybe revenue is off a little bit. They're making well,

49
00:02:15,600 --> 00:02:18,480
Speaker 3: there's a lot of negative signs action now. But you know,

50
00:02:18,560 --> 00:02:21,760
Speaker 3: I just the stock's twenty five to five. Yep, you know,

51
00:02:21,800 --> 00:02:24,959
Speaker 3: I just who's renting cars down? We're taking ubers, know,

52
00:02:25,200 --> 00:02:26,320
Speaker 3: I know, explect to.

53
00:02:26,480 --> 00:02:29,160
Speaker 4: LA and I'll take edver And what would you buy

54
00:02:29,600 --> 00:02:33,880
Speaker 4: a car from a rental car place. I people don't

55
00:02:33,880 --> 00:02:35,639
Speaker 4: really take care of those cars when they rent them.

56
00:02:35,680 --> 00:02:37,200
Speaker 1: It was just kind of drive them to the ground.

57
00:02:37,240 --> 00:02:38,840
Speaker 1: I didn't I didn't know that was the thing. But

58
00:02:38,880 --> 00:02:40,720
Speaker 1: at some point that kind of I don't know when

59
00:02:40,720 --> 00:02:42,280
Speaker 1: they sell them, when they hit one hundred thousand miles

60
00:02:42,360 --> 00:02:44,320
Speaker 1: or I don't know how. But it's really affecting like

61
00:02:44,400 --> 00:02:45,400
Speaker 1: CarMax and Carvana.

62
00:02:45,440 --> 00:02:47,480
Speaker 4: Their shares have been down like four percent, so it's

63
00:02:47,520 --> 00:02:48,880
Speaker 4: affecting that conegative.

64
00:02:48,520 --> 00:02:49,080
Speaker 2: One more stuck.

65
00:02:49,200 --> 00:02:51,320
Speaker 4: All right, So Lazy Boy down as much as twenty

66
00:02:51,320 --> 00:02:54,440
Speaker 4: four percent week an expected first quarter. Yeah, my grandfather

67
00:02:54,520 --> 00:02:55,880
Speaker 4: loved the recar person.

68
00:02:56,280 --> 00:02:57,919
Speaker 1: But analysts not so much.

69
00:02:57,960 --> 00:03:01,080
Speaker 4: You have Key Bank Capital Markets, as Lazy reported disappointing

70
00:03:01,080 --> 00:03:04,040
Speaker 4: for first quarter earnings fell short of the July pre

71
00:03:04,160 --> 00:03:07,560
Speaker 4: announcement lower than expected EPs to that lower than expected

72
00:03:07,760 --> 00:03:11,920
Speaker 4: operating margin. So in a nutshell, basically, higher expenses are

73
00:03:11,960 --> 00:03:14,440
Speaker 4: weighing on their earnings, so their shares are down as

74
00:03:14,520 --> 00:03:17,959
Speaker 4: much as twenty four percent. So they're taking ahead and

75
00:03:18,000 --> 00:03:20,920
Speaker 4: I'm gonna squeeze one in James Hardy, it has the

76
00:03:20,960 --> 00:03:23,000
Speaker 4: worst day in more than fifty years. They do the

77
00:03:23,080 --> 00:03:26,440
Speaker 4: siding on the houses, right, so it's an Australia listed firm,

78
00:03:26,480 --> 00:03:29,160
Speaker 4: but they get seventy percent of their revenue from North America,

79
00:03:29,560 --> 00:03:31,720
Speaker 4: so their shares have been down twenty six percent.

80
00:03:32,000 --> 00:03:34,639
Speaker 1: J h exes their ticker, so they just.

81
00:03:34,600 --> 00:03:38,840
Speaker 4: Say economic uncertainty, homeowners putting off large ticket remodeling. So

82
00:03:38,880 --> 00:03:41,680
Speaker 4: it says the US housing markets sent its stock down.

83
00:03:41,720 --> 00:03:43,480
Speaker 1: To that worst day in fifty years.

84
00:03:43,880 --> 00:03:45,720
Speaker 4: But you've kind of seen some signs there, like real

85
00:03:45,840 --> 00:03:48,800
Speaker 4: estate market recording its slowest spring selling season more than

86
00:03:48,800 --> 00:03:52,320
Speaker 4: a dozen years. So I mean, wow, it's Toll Brothers too. Yeah,

87
00:03:52,320 --> 00:03:54,560
Speaker 4: told Brothers too reported to miss on quarterly orders.

88
00:03:55,040 --> 00:03:59,760
Speaker 2: So that didn't help the stock mover's report from Bloomberg Radio.

89
00:04:00,280 --> 00:04:02,440
Speaker 2: Check back with us throughout the day for the latest

90
00:04:02,520 --> 00:04:05,680
Speaker 2: roundup of companies making news on Wall Street and for

91
00:04:05,800 --> 00:04:09,720
Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live,

92
00:04:10,120 --> 00:04:13,720
Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay

93
00:04:13,760 --> 00:04:16,320
Speaker 2: and Android Auto with the Bloomberg Business app.