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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg data.

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Speaker 1: Let's take a look at some stocks on the move

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Speaker 1: on this Thursday. Bloomberg News Deputy team Leader for US

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Speaker 1: Equities Jess Mettin on the Thursday Stock Movers.

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Speaker 2: Hello, Hello, It's.

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Speaker 3: Been another fun day for us on the stocks too.

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Speaker 4: Yeah, you guys are busy business.

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Speaker 5: We live for though, and it's always important because you

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Speaker 5: want to look at the winners and the losers when

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Speaker 5: you're looking at a lot of these trades, because there's

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Speaker 5: always both sides see that. And when you look more

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Speaker 5: particularly obviously auto stocks making a lot of big moves

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Speaker 5: underneath the surface here today. So of course, when you're

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Speaker 5: thinking about the Big three, whether it's GM, Ford Stillantis

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Speaker 5: of course Ford getting hit the heart it is just

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Speaker 5: given when you're thinking about the percentages here of the

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Speaker 5: amount of vehicles that GM does import in its particular

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Speaker 5: tie is to exposure toward Mexico. It getting hit the

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Speaker 5: hardest here down actually over seven percent today. It was

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Speaker 5: the worst day since January actually twenty eight there. But

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Speaker 5: then I have to point out some of the winners

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Speaker 5: though within that as well, because you have rental car companies,

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Speaker 5: whether you're looking at Hurts or Amis, those were actually rallying.

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Speaker 5: So really a lot of strategies we're talking about how

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Speaker 5: tariffs could potentially boost the value of the call company's fleets. Here,

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Speaker 5: So if you're looking at AVS up over twenty percent

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Speaker 5: today when Hurts there were twenty three percent off the chart, No,

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Speaker 5: it is and it Hurts that was the biggest percentage

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Speaker 5: game for Hurts on record.

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Speaker 3: If you go look at the SINS function, it makes sense.

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Speaker 4: It makes sense because if autos become more expensive, yes,

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Speaker 4: new cars because of these tariffs, and this is from

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Speaker 4: Steve Mann at Bloomberg Intelligence, great research, check it out.

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Speaker 4: It makes sense because then demand for used cars goes up.

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Speaker 4: Who are the biggest sellers of used cars? While it's

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Speaker 4: the rental car companies with their fleets, that's right.

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Speaker 5: And then of course the different autopart makers too were

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Speaker 5: rallying on that. So you have O'Riley up about three percent,

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Speaker 5: not as much as some of these other companies that

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Speaker 5: we're talking about, Aviser, Hurts, but then AutoZone two up

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Speaker 5: about four percent. So to your points, and when you're

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Speaker 5: thinking the story in the terminal talking about how those

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Speaker 5: impending tariffs on Canada and Mexico to risk driving up

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Speaker 5: US car prices by as much as twelve thousand.

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Speaker 4: Dollars, you gotta love just metten. She is charged with

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Speaker 4: bringing three names.

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Speaker 3: I know, I think we've.

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Speaker 4: Already three names, and she brings three categories, each with

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Speaker 4: multiple names. That's jess ment We do love it.

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Speaker 2: We do love it.

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Speaker 4: Okay, jess Menton, Let's talk about something these You could

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Speaker 4: argue that, you know, the autos are sort of attached

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Speaker 4: to reality. Give us something that's completely detached from reality.

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Speaker 4: It lives in its own world.

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Speaker 1: Yeah, I might say.

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Speaker 3: I mean it's interesting.

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Speaker 5: Yesterday you had that stuck up what close to about

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Speaker 5: twelve percent, Today down over twenty two percent, so that

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Speaker 5: wiped out a quarter of its market value, is about

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Speaker 5: three billion dollars lost in its market caps. So yesterday

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Speaker 5: you saw the stock higher because there were those anticipations

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Speaker 5: of some of the news that it was announcing about

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Speaker 5: trying to load up on bitcoin. But then today we

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Speaker 5: got more specifics on that about basically loading up on debt.

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Speaker 5: So when you're hearing different phrases like convertible bonds to

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Speaker 5: fund those bitcoins. That's why you're seeing that stock actually

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Speaker 5: decimated today. And even just some context, if you look

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Speaker 5: at the GP function and pull it back during of course,

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Speaker 5: the height of the meme frenzy in the beginning of

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Speaker 5: twenty twenty one, I mean that stocks it down about

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Speaker 5: seventy five percent from that all time high back in

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Speaker 5: January twenty twenty.

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Speaker 4: Taking a page out of Michael Saylor's book, over at Strategy,

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Speaker 4: the company formerly known as micro Strategy, and it really

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Speaker 4: worked today.

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Speaker 3: No it did not, No, No, it did not.

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Speaker 1: All right, let's get into an area I love in

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Speaker 1: adoor and I spend a lot of money pets.

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Speaker 3: Woof, woof, that's right, woolf. I love that ticker symbol

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Speaker 3: on pet Co. So I wanted to bring this up.

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Speaker 5: I know y'all were talking about Chewy yesterday, and so

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Speaker 5: here's another when we were talking about the economy people

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Speaker 5: spending money, but when you're looking at some of these,

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Speaker 5: especially companies tied to pets, people are still going out

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Speaker 5: and spending money on this. So some context, Peco had

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Speaker 5: gone public three times, so the first time was a

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Speaker 5: ninety four, it would again in two thousand and two,

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Speaker 5: and then of course this last time was in twenty

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Speaker 5: twenty one.

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Speaker 3: But since then it's been having different issues.

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Speaker 5: If you look at that chart price too, it was

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Speaker 5: trading and nearly thirty dollars a few years ago.

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Speaker 3: Now it's just above three dollars. So it's been in

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Speaker 3: infrastructuring right, and.

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Speaker 5: Closing a lot of stores, but that has been helping

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Speaker 5: some of its margins. So RBC was pointing out that

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Speaker 5: they do feel like it has more upside potential just

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Speaker 5: because of how decimated that stock has been and they're

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Speaker 5: seeing so optimism there on some of the margin pain,

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Speaker 5: so they actually think that it does have a path

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Speaker 5: towards actually more profitability in the near term.

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Speaker 3: But UBS is.

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Speaker 5: Still pointing out that that can only go so far

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Speaker 5: as more stores are being closed, So how do you

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Speaker 5: compete with a company like Chewy'.

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Speaker 3: So there still are some longer term implications here. When

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Speaker 3: you're looking at this stock.

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Speaker 1: You see the percentage of the float that's shortened.

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Speaker 3: That's right, almost forty percent. Yeah, it's wild when you

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Speaker 3: look at different functions like that.

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Speaker 1: Yeah, I mean, so investors are betting it's going to

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Speaker 1: go lower. I mean, it's a three dollars stock at

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Speaker 1: this point. I mean, it's kind of amazing considering how

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Speaker 1: much we do spend on our pets that you would think,

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Speaker 1: I don't know. I don't know pet parents, they would

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Speaker 1: be in a different position.

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Speaker 5: I don't have a dog right now, but I'm definitely

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Speaker 5: thinking about getting one, so you know, maybe I'll visit

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Speaker 5: the store.

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Speaker 1: So end I'm a big I know, we just talked Petco,

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Speaker 1: but we're big into Chewy. Yeah, delivered to your door,

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Speaker 1: those big poom bags of food.

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Speaker 4: Yeah, someone else has to carry them, you don't.

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Speaker 3: That's exactly right, Jess Meton, Thank you so much.

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Speaker 1: We really appreciate Bloomberg News Deputy team leader for US Equit.

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Speaker 1: He's just met and joining us right here.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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