1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,119 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,079 --> 00:00:18,560 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,640 --> 00:00:21,439 Speaker 3: the move today. I'm Lisa Matteo alongside Paul Sweeney, and 6 00:00:21,480 --> 00:00:25,000 Speaker 3: we are joined by Bloomberg's Christine Aquino. Christine, So, we 7 00:00:25,079 --> 00:00:27,240 Speaker 3: heard from the CEO of Verizon in the last hour. 8 00:00:27,720 --> 00:00:30,480 Speaker 3: Shares higher, probably up about four percent, So dig in 9 00:00:30,520 --> 00:00:31,720 Speaker 3: a little bit deeper for this. 10 00:00:32,080 --> 00:00:34,120 Speaker 1: Yeah, let's take a look at it, Lisa. So, Yeah, 11 00:00:34,240 --> 00:00:37,360 Speaker 1: Verizon tiker VZ shares are still going strong this morning 12 00:00:37,400 --> 00:00:39,560 Speaker 1: at four and a half percent, as extending some of 13 00:00:39,600 --> 00:00:43,760 Speaker 1: those earlier games. And it really was an operating revenue beat, right, 14 00:00:43,800 --> 00:00:47,080 Speaker 1: thirty four and a half billion, up five percent from 15 00:00:47,479 --> 00:00:51,120 Speaker 1: the year earlier, and also exceeding those estimates for thirty 16 00:00:51,120 --> 00:00:53,760 Speaker 1: three point seventy six billion, And then of course they're full. 17 00:00:53,800 --> 00:00:57,440 Speaker 1: Your forecasts upgraded a as well by the company. Just 18 00:00:57,480 --> 00:01:01,280 Speaker 1: the EPs now seen at plus one percent of plus 19 00:01:01,320 --> 00:01:04,080 Speaker 1: three percent previously. The company is sold at flat too, 20 00:01:04,080 --> 00:01:05,760 Speaker 1: plus three percent, so just a little bit of an 21 00:01:05,840 --> 00:01:07,800 Speaker 1: upgrade there in terms of their outlook, and then of 22 00:01:07,800 --> 00:01:12,160 Speaker 1: course we did hear from Verizon CEO citing their momentum 23 00:01:12,240 --> 00:01:14,480 Speaker 1: and that fact that they have a clear path forward. 24 00:01:14,760 --> 00:01:17,760 Speaker 1: I think one folks for analysts, of course, is that 25 00:01:17,920 --> 00:01:21,840 Speaker 1: consumer number, right, it's a minus fifty one thousand consumer 26 00:01:22,880 --> 00:01:27,960 Speaker 1: number post page of phone customers. Now that is actually 27 00:01:28,040 --> 00:01:32,080 Speaker 1: better than the consensus of minus eighty seven thousand, six hundred, 28 00:01:32,120 --> 00:01:35,440 Speaker 1: but it's not great, right, And I think that's kind 29 00:01:35,440 --> 00:01:39,120 Speaker 1: of what analysts are focusing on Bluebert Intelligence though, saying 30 00:01:39,200 --> 00:01:41,440 Speaker 1: that you know that number, The fact that it did 31 00:01:41,440 --> 00:01:44,160 Speaker 1: slightly better on that figure suggests that the company is 32 00:01:44,200 --> 00:01:47,160 Speaker 1: on track to post positive net additions for the year. 33 00:01:47,280 --> 00:01:50,040 Speaker 1: Let's just see if they managed to keep John Talker 34 00:01:50,360 --> 00:01:54,600 Speaker 1: or if he succumbs to their competitors Antiop. You know, 35 00:01:55,000 --> 00:01:58,600 Speaker 1: competition is fearce he can be bought, all right, have 36 00:01:58,680 --> 00:02:01,800 Speaker 1: aut Dollar Tree? Yeah, Dollar Tree also doing well this morning, 37 00:02:01,800 --> 00:02:04,240 Speaker 1: so it took her DLTR shares are up more than 38 00:02:04,240 --> 00:02:07,000 Speaker 1: two percent now, so really accelerating those games. 39 00:02:07,120 --> 00:02:07,280 Speaker 3: Now. 40 00:02:07,320 --> 00:02:11,040 Speaker 1: It did get a couple of a great analyst moves 41 00:02:11,080 --> 00:02:14,240 Speaker 1: over night, so we did see the shares upgraded to 42 00:02:14,400 --> 00:02:18,399 Speaker 1: overweight from equal weight at Barclays. Analyst Seth Sigmund, writing 43 00:02:18,760 --> 00:02:22,160 Speaker 1: that after it's sold Family Dollar Dollar Tree is now 44 00:02:22,320 --> 00:02:26,400 Speaker 1: a cleaner growth story and has strong momentum in first 45 00:02:26,480 --> 00:02:29,360 Speaker 1: quarter that's accelerating in a second quarter, which sets it 46 00:02:29,440 --> 00:02:31,680 Speaker 1: up well for the rest of the year. It's price 47 00:02:31,720 --> 00:02:35,640 Speaker 1: target also boosted JP Morgan to one hundred and thirty 48 00:02:35,639 --> 00:02:39,360 Speaker 1: eight from one eleven previously, So one eleven that's in 49 00:02:39,400 --> 00:02:41,760 Speaker 1: line now with its current share price. One thirty eight 50 00:02:41,800 --> 00:02:44,840 Speaker 1: is a street high, and the JP Morgan analyst Matthew 51 00:02:44,840 --> 00:02:48,560 Speaker 1: Boss saying that his recent fielder suggests there's potential incremental 52 00:02:48,639 --> 00:02:51,079 Speaker 1: upside driven by the strength of the base business. 53 00:02:51,320 --> 00:02:53,400 Speaker 3: All Right, Christina, I love a good target run, but 54 00:02:53,560 --> 00:02:55,600 Speaker 3: the shares they're not getting some love this morning. 55 00:02:55,639 --> 00:02:59,919 Speaker 1: They're lower exactly Lisa down fourteenth one percent tick her TG. 56 00:03:00,560 --> 00:03:04,800 Speaker 1: And so the Sam Barclay's analysas Siegmund cut the stock 57 00:03:04,840 --> 00:03:07,639 Speaker 1: to underway from equal weight, and he's saying that there 58 00:03:07,680 --> 00:03:10,560 Speaker 1: is value in the target model, but sales will continue 59 00:03:10,560 --> 00:03:14,680 Speaker 1: to underperform without a bigger strategic shift. And so the 60 00:03:14,680 --> 00:03:17,440 Speaker 1: macro environment of course not looking great for them, and 61 00:03:17,440 --> 00:03:20,440 Speaker 1: inflation is just starting to accelerate. Remember also last week 62 00:03:20,440 --> 00:03:22,680 Speaker 1: we did see Target saying that it will end a 63 00:03:22,680 --> 00:03:25,840 Speaker 1: long standing program that matches prices of items with those 64 00:03:25,880 --> 00:03:28,880 Speaker 1: of its competitors. So not looking great on the competition front. 65 00:03:28,919 --> 00:03:34,119 Speaker 2: You know the Stock Movers podcast from Bloomberg Radio. Check 66 00:03:34,160 --> 00:03:36,680 Speaker 2: back with us throughout the day for the latest roundup 67 00:03:36,720 --> 00:03:39,560 Speaker 2: of companies making news on Wall Street and for the 68 00:03:39,640 --> 00:03:44,040 Speaker 2: latest market moving headlines. 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